In the face of these pressures, how can investment banks reshape themselves? And how should they tackle such a significant transformation?</p> Meeting these demands will require strategic transformation, addressing business and operation models, optimising capital and simplifying technology. These changes are complex, multi-faceted endeavours and require careful planning, testing and transition.</p> The four key areas of transformation include:</p> Business Model</h4> Streamlining the business model by cutting staff, focusing on key clients and products, and simplifying the organisation.</p> Capital</h4> Improving the measurement and allocation of capital, and winding down less effective contracts and products.</p> Technology</h4> Simplifying technology through cross-product architectures, replacing custom and vendor software, and refocusing development on critical areas of competitive differentiation.</p> Operating Model</h4> Reducing expenses through the use of industry utilities, outsourcing and shared services across product lines.</p> Every investment bank must design the appropriate transformation model. But how can banks know which of many routes is right for them?</p> Find out here</a>.</p> </p> Article contributed by Accenture</em></p>