Instead, banks must again be in a position to see that their borrowers have decent economic prospects. How could that be brought about? Above all, national governments could contribute to this goal by implementing effective structural reforms to improve the competitiveness of industry.
In the autumn, we will launch a new series of debates looking at the impact of structural change – digitalisation, demographics, decarbonisation and deglobalisation – on competition and risks in the banking sector. We will also participate in the events to mark the 10th anniversary of the Single Supervisory Mechanism next year. The SSM (Single Supervisory Mechanism) is an example of successful integration.