"We see a lot of our clients being extremely reluctant to take the risk of unplugging those applications and moving on to a cleaner slate of IT infrastructure.”

—BCG's Philippe Morel on investment banks' complex utilities

Financial Times spoke with BCG's Philippe Morel on the complex systems of investment banks, and discussed the impact of bank regulations with BCG's Will Rhode. The article cited Global Capital Markets 2016: The Value Migration, which found that transformational cost savings are a “pipe dream” for investment banks.

Financial Times