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By Jean-Philippe PETERS, Partner Arnaud DUCHESNE, Director, Deloitte Luxembourg
The sluggishness of the profitability of the European banking sector should push a deep market transformation under the scrutiny of the Business Model Analysis (BMA) performed by European Compe-tent Authorities, and especially by the European Central Bank (ECB) for banks supervised under the Single Supervisory Mechanism (SSM).
Since the financial crisis emerged eight years ago, the banking industry has been facing major disruptions shaped by several dynamics, resulting in a shift of the bank’s playing field. One of those dynamics is driven by EU Supervisors, who are willing to create a more stable banking sector through harmonized rules at the EU level and stricter...
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