Banks have become more assured of their internal risk management, and more worried about an external shock, such as an equity market crash, a downturn in asset quality, or getting their e-commerce strategy wrong. That is the finding of Banana Skins 2000, an annual survey of what most scares banks, their observers and regulators, conducted by the London-based Centre for the Study of financial Innovation, with technical help from PricewaterhouseCoopers.
In 1996, those polled anticipated most trouble from their own poor management, bad lending, derivatives or a rogue trader (this was a year after Barings).
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