The new regime must therefore be simple yet robust. Whatever happens, financial stability must be guaranteed. 6. Conclusion Ladies and gentlemen Europe’s banking sector is still struggling with the legacy of the financial crisis. Regulatory reform has made sure that this is done in line with clear, strong rules.
But: In 20 years, do we want Europe’s economy to be served by 50 banks – all of them much too big to fail – and not interested in financing rural development? Or do we want a robust sector with several thousand institutions – with very different business models, serving the different needs of different customers?