The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset market. The financial system’s resilience to wobbles in the crypto market had already been tested in 2022 with the onset of a new “crypto winter”. Wider macroeconomic issues are snowballing, and we continue to keep a close eye on developments in Ukraine following its invasion by Russia, China's abandonment of zero-Covid policies, and potential recessions in the West. During uncertain times the economic and political backdrop will create challenges and opportunities. Against this backdrop, our Financial Institutions team continues to support our clients, and identify growth opportunities. We highlight key areas of focus within our 2023 edition of Financial Institutions Horizons.
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