The ESBG is of the opinion that, in general, the universal banking model coped much better with the financial crisis than the separate banking system. We would like also to stress the relevance of the retail and savings banks model for the provision of lending to the economic activity in Europe. We consider that those institutions and business models that have proved long-term to be involved in the provision of banking services to the economic activity should be treated in a more favourable way. The ESBG agrees with the Liikanen Group on the identification of the main drivers of.
