ECB plans bank dedicated inspections on profitability and technology

The European banks profitability and business models are the new challenges for the business cycle and the new environments, such as those that followed on from the great financial crisis, the sovereign debt crisis and, more recently, the coronavirus (COVID-19) pandemic. They must try to enhance profitability by taking decisive action towards enhanced cost efficiency and to refocus the business model towards longerterm value creation opportunities.
Therefore, the ECB plans new inspections at the supervised banks to assess their use of technology and their ability to generate profits.
In this alert you will read more about the business models and technology driven inspections to be performed by the ECB here.