Margarita Delgado: Banking business model - challenges and opportunities

Speech by Ms Margarita Delgado, Deputy Governor of the Bank of Spain, at the IX Financial Meeting "Transformation of the banking industry in a new setting of digital innovation", Madrid, 9 October 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Good morning.

It is a pleasure to participate in this ninth edition of the Financial Meeting, a classic in our calendar widely acknowledged for its prestige and which gathers together a large number of banking industry leaders. I thank the organisers for their kind invitation to me to speak at the start of the event. And it is a pleasure to follow on from Ramón Quintana, my "brother-in-arms" over the course of intense years of work, first at the Banco de España and then at the European Central Bank.

Indeed, in connection with Ramón's words, and in this my first address as Deputy Governor of the Banco de España, I wish to focus on the banking business model and the need to adapt it to a changing environment.