======Video might kill the radio star: Digitalisation and the future of banking======
This report examines the impact of digitalization on the future of banking, focusing on financial and non-financial risks and potential policy responses within the EU banking system.\\ 
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^  Quick Facts  ^^
|Report location:  |[[https://vox EU.org/article/digitalisation-and-future-banking|source]]   |
|Language:  |English  |
|Publisher:  |[[encyclopedia:centre_for_economic_policy_research|Centre for Economic Policy Research]]  |
|Publication date:  |January 19, 2022  |
|Authors:  |Antonio Sánchez Serrano, Loriana Pelizzon, Magdalena Grothe, Malcolm Kemp, Stephen Cecchetti, Thorsten Beck  |
|Time horizon:  |2030    |
|Geographic focus:  |European Union   |
|Page count:  |6  |

=====Methods=====
The research method involved analyzing the current state of the EU banking system, identifying challenges and opportunities presented by digitalization, and constructing three scenarios to forecast potential future developments. The study also considered regulatory responses and adjustments to these transformations.\\ 
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=====Key Insights=====
The report explores how digitalization is transforming the EU banking sector, assessing its effects on banks' business models, the emergence of fintech and big tech competitors, and the associated financial and non-financial risks. It presents three scenarios for the financial system in 2030 and discusses appropriate macroprudential policy responses.\\ 
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=====Additional Viewpoints=====
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<span #categories_box> Categories:  {{tag>2022_publication_year}} |  {{tag>2030_time_horizon}} |  {{tag>2030s_time_horizon}} |  {{tag>English_publication_language}} |  {{tag>European_Union_geographic_scope}} |  {{tag>banking}} |  {{tag>banking_sector}} |  {{tag>big_tech}} |  {{tag>digitalization}} |  {{tag>eu_banking_system}} |  {{tag>european_union_geographic_scope}} |  {{tag>financial_risks}} |  {{tag>fintech}} |  {{tag>macroprudential_regulation}} |  {{tag>non-financial_risks}} |  {{tag>policy_responses}} |  {{tag>scenario_analysis}}   </span>  


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