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The Dodd-Frank Act and other financial regulations enacted in the wake of the financial crisis have made banking a "worse place" by adding unwieldy and unnecessary restrictions on big banks, says Dick Bove. The longtime bank analyst also points a finger at regulators for failing to adequately enforce existing regulations in the lead-up to the crisis, a point he discusses at length, while defending big banks, in a new book.

The new year will bring an end to big regulatory settlements with banks, a sharp drop-off in the number of branches across the industry, increased use of biometric technology and a breakthrough in banks' use of big data. American Banker editors discuss these and other predictions for the year ahead in banking.

Bankers are spending so much time complying with new regulations that they're in danger of giving short shrift to actual risk management, says Ingmar Bromstrup, a Principal at The Boston Consulting Group.