Although they have significantly improved their financial position in 2022, the European Central Bank (ECB) advises European banks to be cautious about dividend distributions or share buybacks, given the risks associated with the geopolitical situation, high inflation and rising interest rates, to avoid a crisis in industry.

Moreover, more than half of European institutions have outdated business models that will jeopardize their market position in the face of competition from neobanks or technology giants seeking to expand in the sector.

In this context, European regulatory bodies are giving more and more recommendations and imposing more and more rules on banks in order to adapt to constant changes and face risks.

These topics, as well as other aspects of regulation and risks related to the banking sector, were discussed during the “Risk and Regulatory Roadshow” conference organized by PwC Romania: From Bumbacea, Country Managing Partner, PwC Romania, Ana-Maria Butukaru, Head of FS Assurance for Romania, PwC Romania, Martin Niesen, Basel IV Global Leader, Head of Risk and Regulation, PwC Germany, Stefan Röthhead of regulatory management, PwC Germany, Mircea Bozga, Head of Risk Assurance in Romania, PwC Romania, Rezvan Chokrisk assurance manager PwC Romania, Luminita Tatarichisenior economist of the BNR, Stephanie TentExecutive Director of Risk Management, Banca Transilvania and Ilinka Kaigana, Board Member, CRO, Executive Vice President of Risk, BCR.

You can find key statements from the conference on the PwC Romania blog

Article supported by PwC Romania