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Digitalisation and banking: new risks and three scenarios for the European banking system of the future

Author

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  • Thorsten Beck
  • Antonio Sánchez

Abstract

En este artículo se analiza el impacto de la digitalización en la estructura del sistema bancario europeo. La reciente ola de innovación financiera, basada en las oportunidades generadas por la digitalización en términos de nuevos productos y servicios, se ha originado principalmente fuera del sistema bancario tradicional. La forma que tengan los nuevos proveedores de servicios financieros (fintech y bigtech) de competir o colaborar con la banca tradicional podría afectar sustancialmente a la intermediación financiera. Como consecuencia, los riesgos financieros podrían desplazarse parcialmente del sector bancario, al tiempo que aumentaría la relevancia de los riesgos no financieros. Para poder definir mejor una estrategia de respuesta por parte de las autoridades, hemos considerado tres escenarios para el futuro sistema bancario europeo: i) la banca tradicional mantiene su dominio; ii) la banca tradicional reduce su presencia, y iii) se introducen las monedas digitales de bancos centrales en los pagos minoristas conforme a determinadas especificaciones.

Suggested Citation

  • Thorsten Beck & Antonio Sánchez, 2022. "Digitalisation and banking: new risks and three scenarios for the European banking system of the future," Revista de Estabilidad Financiera, Banco de España, issue MAY.
    • Handle: RePEc:bde:revist:y:2022:i:5:n:1
    Note: 42
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    File URL: https://www.bde.es/f/webbde/GAP/Secciones/Publicaciones/InformesBoletinesRevistas/RevistaEstabilidadFinanciera/22/1_REF42_Banking.pdf
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