The paper assesses the main factors underlying the decreasing profitability in the European banking sector, in … the absence of a deep and liquid capital market. A stronger European banking system requires true pan-European banks and a …

, Daniela Termersch, Rijnhard van Tets, Bank Prof. Dr. Dr. h.c. Hans Tietmeyer, Dr. Herbert Walter, Dr. Alexander Winterstein …

interconnectedness between banks and financial markets, on the one hand, and the size and specificities of shadow banking systems, on the … other. Despite the limited catching up of the region the ECE5 countries has a much less deep and more bank-based financial … ECE5 countries other non-bank financial institutions are those that potentially exposed to shadow banking risk. …