Diversity, subsidiarity and proportionality: the cures for the EU s post-Brexit ills

摘要

The UK referendum vote on June 23 to leave the EU sent Shockwaves across the UK, Europe and the world. For many hundreds of European savings and retail banks, the referendum made us pause and think about the role we play as locally focused banks that convert deposits from households, public bodies and small and medium-sized enterprises (SMEs) into loans for the job-creating real economy. Part of a diverse banking landscape, it is a unique model compared with the banks who seek funding primarily through the markets.