Structural change in the banking world, sparked by the triple whammy of low interest rates, digitalisation and regulatory reforms, is something we all need to get to grips with – credit institutions, central banks, banking supervisors and not least consumers and bank customers. I would not be exaggerating if I said these were the stiffest challenges in decades.
Looking to the future, I dare say that geopolitical risk might prove to be more significant than economic risk. Let’s hope I’m wrong. Just as times have changed, so, too, has the agenda.