Structural change in European Banking
Recently, EY, in collaboration with the Financial Times, conducted a survey of major banks across Europe.
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The survey was designed to determine how banks are responding to the complex regulatory reform agenda and, in particular, shed light on any structural change they are considering or implementing.
Senior executives at 38 banks, including 10 global systemically important banks (GSIBs), from 13 countries across Europe were interviewed. At the time, assets from all banks interviewed exceeded $24,000bn.
The survey has shown that for many banks across Europe, strategic reform and the structural implications of regulation are top of their board’s agenda.