|James C. Cowles|
|Dr. Thomas F. Huertas|
|Dr. Yves Mersch|
- The European economy is still stagnant and needs banks to provide credit.
- The transformation of the European banking system towards a more capital market based economy is already a huge challenge for the industry.
- Financial markets usually require banks to anticipate approved regulation, even though it is not yet formally applicable.
- Banks’ shareholders need a decent return on their investment.