In its strategy for 2017-2020 the EBA will focus on the introduction of a leverage ratio and liquidity, evaluation of the banks' internal models, preparation of recovery plans, convergence of supervisory measures, consumer protection and financial innovation.
A year after announcing its plan, the European Commission has promised to accelerate the implementation of the capital markets union project. It is more and more clear that it has no alternative and Brexit may only foster this process.
Worldwide over 80 per cent of people have a mobile phone. At the same time, only a half of them use financial services. There is an opportunity to fill this gap and resolve the problem of financial exclusion which will also translate into fast economic growth.