The effects from the Covid-19 crisis come on top of the combination over the past decade of persistently low interest rates, regulatory changes, and competition from shadow banks and new digital entrants that challenged the traditional bank business model pre-Covid-19. The second report in the CEPR/IESE series on The Future of Banking tackles these crucial challenges, examining the competitive responses of the different players – both incumbents and new entrants – and the associated policy and regulatory issues.
The Covid-19 pandemic has induced a deep global economic crisis. Yet, in the middle of the financial turmoil over the past few months, banks were a source of resilience. ThanksRead More »