To sum up: banks in the euro area differ in terms of size, business model, legacy issues and their preparedness for whatever the future may hold. Quite a few banks still have homework to do or need to implement what they have already decided to do in order to cope with the new challenges.
This variety makes life a bit more difficult for investors and supervisors. But as diverse as the banks might be, they all play an important role – and by and large, they are the ones, and not so much the capital markets, who keep the European economy running and growing.