The European banking
sector is undergoing significant regulatory and technological
transformations, redefining the competitive landscape. Digitization,
especially in retail banking and payments, is pushing banks towards
multi-channel models, personalized services and open banking
ecosystems, while the tokenization of financial assets is emerging as a
new frontier full of prospects but with still uncertain impacts. To
address these challenges, which entail increasing operational and
reputational risks, banks must address structural issues related to
aging It infrastructures, data governance, outsourcer management, and
the need for new skills. Banking regulation and supervision need to
adapt to ensure proper risk governance, preserving trust in the system
and its resilience.
