Forvis Mazars has published its quarterly economics update for the financial services sector, dated 6 July 2026, in which it assesses that this is the first quarter since the start of the year in which the dominant risks to the sector point upwards rather than downwards.
The update reviews the global macroeconomic environment entering the second half of the year, including the outlook for inflation and growth following the June US-Iran memorandum, the position on US tariffs after the Supreme Court ruling, and recent central bank decisions in the United States, Europe, the United Kingdom and Japan. It then examines the implications for banks and insurers, covering net interest margins, credit quality, marine insurance and trade finance pricing, capital markets activity, duration risk on bond portfolios, and private credit exposure.
The full report is available in English and Japanese.
English: https://www.forvismazars.com/jp/en/insights/global-insights/quarterly-economics-update-for-fs-q3-2026
Japanese: https://www.forvismazars.com/jp/ja/4/2/2026-3
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