In the business world, change is constant
There are many positive figures from the banking sector. After a challenging year in 2020, the profitability of European banks rose significantly in the second Corona-impacted year. However, the banks had no respite: geopolitical developments kept them alert. Competitive pressures have also continued unabated, and new regulatory ESG requirements must be taken into account and implemented and scaled cost-effectively.
The new survey asked consumers how important sustainability is to them with regards to financial investments. While interest in sustainability in financial investments is increasing among the younger generation, security and return on investment remain the decisive aspects for older consumers.
The market and transformation pressure on Europe's banks continues unabated and competition among them is high. Despite the COVID19 crisis and Brexit, the banks with the best cost-income ratio are those that manage ESG risks better and integrate them into their operations, while at the same time investing heavily in their IT infrastructure.
This white paper provides detailed central clearing statistics, highlights reasons for and against central clearing, and discusses why voluntary or direct central clearing could generate efficiency gains.