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ARTICLE · 27 NOVEMBER 2025

Global Bank Review 2025

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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Over the past year, one truth has become unmistakably clear for the banking industry: managing complexity is not a transient state; it is simply the air the modern bank must breathe.

AustraliaFinance and Banking
Simon Clarke
Simon Clarke
Peter Jones
Peter Jones
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Welcome to the ninth edition of HSF Kramer's Global Bank Review

Over the past year, one truth has become unmistakably clear for the banking industry: managing complexity is not a transient state; it is simply the air the modern bank must breathe. Such complexity sweeps in from all directions – from geopolitical instability to the relentless pace of technological advancement, to increasingly contradictory pressures on ESG, to the need to create an attractive, economic and climate-friendly office for the workforce.

Artificial intelligence (AI) exemplifies this dynamic. Few innovations have generated as much anticipation for the industry, yet the reality has been sobering at times as large, regulated banks have faced the challenge of implementation. In theory, banks, sitting on rich pools of customer data, should be uniquely placed to deploy AI tools but legacy technology stacks and the organisational complexity of leading banks have posed obstacles. Fraud

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