The financial landscape has shifted significantly with the continued rise of non-banks, the emergence of stablecoins and tokenised finance, and changes in business models against a backdrop of innovation.

Companies in the banking and insurance sectors stayed robust, confirming the effectiveness of our supervisory model, which was developed in the wake of the 2008 crisis. In 2025, efforts got underway at both national and European level to simplify this framework.

Updated on the 23rd of October 2026