We’re not actually very good at measuring the real value of financial outputs and hence not good either at measuring productivity in the sector. But it would be surprising if the ongoing advances in information technology were not generating significant growth in finance industry productivity relative to that in less information-intensive sectors.
Shortly before the Russian invasion of Ukraine, ECB Banking Supervision published the results of the 2021 cycle of the Supervisory Review and Evaluation Process (SREP). The findings of that annual assessment indicate that significant institutions have maintained solid capital 4/6  BIS central bankers' speeches  positions, with most banks going beyond the levels dictated by capital requirements and guidance.