Financial Services

That Shrinking Feeling

February 25, 2015

Europe

February 25, 2015

Europe
Kevin Plumberg

Contributor

Kevin was a member of The Economist Intelligence Unit’s Thought Leadership team in North America and is based in San Francisco. From 2014-2017, he was based in The Economist’s Singapore office and led multi-year integrated content programmes such as Growth Crossings, a series about the new rules of global trade, and the Producers of Tomorrow, an initiative about the future of manufacturing. Prior to joining the EIU, he spent two years as Vice President, Institutional Marketing at BlackRock, the world’s largest asset management company. In that role, he produced and edited white papers, website articles and newsletters aimed at some of Asia’s biggest institutional investors. Kevin also spent 10 years as a journalist covering financial markets, economics and policy for Reuters in Singapore, Hong Kong and New York. As a correspondent and editor, he covered the global financial crisis from Wall Street and its aftermath in Asia, where he led market-moving coverage of the region’s economic policymakers.

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That shrinking feeling: Tracing the changing shape of the European banking industry is a report commissioned by PwC and written by the Economist Intelligence Unit (EIU). Based on a quantitative analysis of the European banking industry’s aggregate balance sheet, which was performed by the EIU, the report investigates how banks are adapting to profound changes in regulation.

That shrinking feeling: Tracing the changing shape of the European banking industry is a report commissioned by PwC and written by the Economist Intelligence Unit (EIU). Based on a quantitative analysis of the European banking industry’s aggregate balance sheet, which was performed by the EIU, the report investigates how banks are adapting to profound changes in regulation.

This report outlines the space that European banks are increasingly likely to occupy and attempts to shed light on how the industry has changed since the announcement of the Basel III rules in 2010. The EIU gathered balance sheet data from 33 banks across the European Union (EU), Australia, Canada, Japan and the US; 17 of the banks were from Europe. The data covered the period 2009–2013. Some data from banks in the US and Japan were omitted because the information was insufficient and non-substantial.

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