Specifically, the originate-to-distribute business model that had been actively used prior to the crisis will relatively decrease in number and the proportion of commercial banking business that put more emphasis on the relationship with customers is likely to increase: that is called “back to basics.” Moreover, as business regulations such as the Volcker Rule will be implemented and regulation and supervision will be reviewed in order to restrain “too-big-tofail,” it is likely that the moves toward mere scale expansion and toward excessive risk-taking will be restrained.
For example, as digitalisation changes the way the financial industry operates, so too must the infrastructure which supports it adapt to the ever-changing environment. The Eurosystem is keen to embrace the opportunities that these changes bring to provide new and enhanced services and functionalities. One innovation currently being investigated by the Eurosystem is distributed ledger technology (DLT).