Taking into account the many forces currently affecting the EU banking system, this report considers how digitalisation may change the way financial services are provided in the future, identifying financial and non-financial risks and forming possible policy responses to them. The European banking system is confronting fundamental structural changes and challenges that are going to shape its future and ability to serve the financial needs of the real economy. Some, such as overbanking and the legacy of non-performing loans (NPLs), have been present for several years and can be seen as legacy problems dating back to the global financial and European sovereign debt crises. Against a background of a bank-centric financial system, the EU banking system has experienced contained growth and strong deleveraging since the global and sovereign debt crises. In parallel, the non-bank financial sector has materially increased its assets under management, often intensifying activities typically associated with banks. 1 Other challenges, such as digitalisation and climate change, are forward-looking in nature and relate to societal changes beyond the banking and financial systems. On top of that, the COVID-19 pandemic may be affecting economic structures, exerting an impact on the banking system that may touch the core business models and operations of European banks.
정책칼럼
Will video kill the radio star? Digitalisation and the future of banking(2022-01-18)/Thorsten Beck, Stephen Cecchetti, Magdalena Grothe, Malcolm Kemp, Loriana Pelizzon, Antonio Sánchez Serrano . ESRB
esrb.ascreport202201_digitalisationandthefutureofbanking~83f079b5c7.en.pdf
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