Summary of Regulation
The banking sector in Europe has had a difficult year in the last two years, with tax revenues falling sharply and interest rates rising. The revision of COVID19 exacerbated the situation with a warning from the European Central Bank (ECB) that the long-term consequences of the crisis could violate the rules of the banking system. With slower costs, now more than ever, better prices, better management, and more storage devices for customer service. This in turn will increase the demand for additional investment in banking technology.
Although there is a strong focus on the largest and most important banks in Europe, the banking sector is developing small and medium-sized banking technology in the region. The group of banks is struggling financially compared to high loans. And again, these banks have significant value from new competitors for consumer European Banking numbers, the launch of Fintech, and many other professional businesses that benefit from hospitals and conventional technology. The convenience for transferring selected information. Customer information.
Serious problems and challenges for small and medium-sized banks
Small and medium-sized banks are different from very large banks. Initially, many banks operated as a single country on an equal footing, but larger banks had more flexibility and presence in most countries. This difference poses many problems for the organized industry. Some of the most common issues banks mentioned in our discussions were:
The economic crisis
Unlike large banks, interest rates are the main source of income for small and medium-sized banks in the region. While larger banks may combine their debts with credit card payments, accounting fees, and other customers and funds, small and medium-sized banks must rely on the initial investment of their loans. In addition, consumer banking prices have fallen as the number of banks is currently growing, affecting the small and medium size of investment-dependent businesses and banks.
Management changes and must be reported
Banks in Europe as a whole have contributed to the implementation of several regulations imposed by the European Central Banks and the United Kingdom. Some regulatory measures that have weakened banks ’liability include the output of GDPR, PSD2, IFRS 9, and the transition from LIBOR to new data rates. The laws of the law still see examples of building information, advertising, and design. The BSI study found that many banks still use Excel spreadsheets, such as risk lending, finance, business support, and more.