Title: European banking models: adapting to a new, complex operatin environment
Source: Spanish Economic and Financial Outlook
Abstract: The post-crisis environment of falling interest rates, deleveraging, regulatory requirements and increased competition has forced banks to adapt their business models to maintain profitability. Against this backdrop, in Spain as well as the resto of the euro area, the structure of banks's balance sheets has chaged, with the relative weight of non-interest sources of income increasing.
Maudos, J.: (2017): "European banking models: adapting to a new, complex operatin environment", Spanish Economic and Financial Outlook, 6(2), marzo, pp. 27-41.