The Coming Transformation of Continental European Banking?

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Abstract
This paper first provides a broad,overview of current conditions in the banking industry in some of the countries that will participate in European economic,and monetary,union. It then goes on to ,identify a number ,of important ,forces for change. Some of these are global in nature, but likely to have a particularly strong impact in continental Europe, while others (such as the introduction of the euro) are distinctively European. The paper then notes just how ,little restructuring has actually taken place in continental ,European banking ,in the last decade and offers some ,explanations. The conclusion reached is that the banking,sector in continental ,Europe may ,now ,be about ,to enter a period ,of sharply increased competition. This will pose challenges for national regulators and other policy-makers concerned with the maintenance,of financial stability. ,,,,,,,,,,,,,

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