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.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | 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.
(Generated with the help of GPT-4)
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.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2022 publication year | 2030 time horizon | 2030s time horizon | English publication language | European Union geographic scope | banking | banking sector | big tech | digitalization | eu banking system | european union geographic scope | financial risks | fintech | macroprudential regulation | non-financial risks | policy responses | scenario analysis