Still in the aftermath of the crisis iii, as banks’ business models are struggling to generate adequate profitability levels in the current macroeconomic environment, also characterized by low interest rates, and to adapt fast enough to the technological progress and to the demands of the digital consumers, Banking Union’s ongoing incompleteness compounds the existing challenges.
10 / 16  BIS central bankers' speeches  The increase in the share of investor housing in deals issued by non-banks is one of the few noticeable changes in the composition of the collateral underpinning RMBS in the past couple of years.