In order to bounce back to high levels of profitability banks should consider «cost culture» as a strategic element in their operating model.The best players will be able to intervene progressively, defining a new comprehensive, lean and efficient governance cost model, leading to strategic actions to reduce costs baseline and the integration of the Strategic Plan view in current operations
Leveraging on cost management to recover from economic downturn: a new structural approach to the topic
Domenico Lofano, Cristian Reginato, Fabrizio Sarrocco