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Diversity in the EU banking system: contribution to financing needs, future challenges and way forward

Day 2 Morning

Thursday 22 February

Room :



Giuseppe Siani
Director General for Financial Supervision and Regulation - Banca d'Italia
Public Authorities
Edouard Fernandez-Bollo
Member of the Supervisory Board - European central Bank (ECB)
Dušan Hradil
Director, Financial Markets Section - Ministry of Finance, Czech Republic
Csaba Kandrács
Deputy Governor - Central Bank of Hungary
Harald Waiglein
Director General for Economic Policy, Financial Markets and Customs Duties - Federal Ministry of Finance, Austria
Industry Representatives
Benoit de la Chapelle Bizot
Head of Public Affairs and Advisor to the Chief Executive Officer - Groupe BPCE
Christian Edelmann
Managing Partner Europe - Oliver Wyman (UK)
Perrine Kaltwasser
General Manager of Risk, Compliance and General Counsel, of the Conglomerate & Member of the management board - La Banque Postale
Daniel Quinten
Member of the Management Board - National Association of German Cooperative Banks (BVR)


During the last sessions organised by Eurofi on the diversity of business models, a consensus was reached between industry and public policy makers that:
– The variety of banking business models, provided they are viable and sustainable (i.e. profitable and resilient), is an asset to ensure financial stability in Europe and to meet the different financing needs of economic agents within the EU.
– The fundamental objective of supervisors, and of the SSM in particular – is to analyse the risks that banks take, and whether the institutions are properly managed.
– Regulators and supervisors should be neutral with respect to the business model organization. Business models are already supervised based on proportionality and an individual assessment.
The objective of this session is to discuss how to ensure the sustainability of diverse business models in Europe, first by examining how to better reflect this diversity in the European regulatory and supervisory framework. The panel will then invite the speakers to express their views on the potential impact of digitalisation on this diversity.

Points of discussion

  1. How to maintain access to bank financing for economic agents in all EU territories and avoid the exclusion of small businesses, local governments, and individuals located in non-urban areas from banking services? What are the supervisors expectations that are not in line with mutualist or cooperative models (in terms of governance, profitability measurement, digitalisation, resolution, etc.) and how can this problem be resolved?
  2. What are the challenges and consequences that innovation and digital transformation might pose to the diversity of banking business models?