Given the current economic climate, in particular the focus on the European Central Banks Comprehensive Assessment and the move to the Single Supervisory Mechanism, a working group from the PwC Response to the economic crisis in Europe (REcCE) network has developed a provocative point of view paper on the future shape and nature of banking services and of “banks” themselves.
Future shape of banking outlines four key areas banks need to address in order to remain relevant, as we argue that the future of banking will look very different to what we see today and that while the need for banking services remains – traditional banks need to sharpen their strategic focus and regulators and regulation will also need to adapt.... adding up to a paradigm shift in the banking landscape.
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