As Europe’s bank-centered financial model is being challenged, European authorities should create alternative sources of external finance to enhance its resilience and reliability of credit supply to the real economy, argues Goldman Sachs. Huw Pill and team at Goldman Sachs in their February 19, 2015 research report titled: “Unlocking Europe’s economic potential through financial markets” point out that the global financial crisis and the international regulatory response have challenged Europe’s bank-centered financial model. Bank-centered financial model may weigh on Europe’s growth The GS analysts note that the Euro area’s economic recovery from the global financial crisis remains anemic and has…
Unlocking Europe’s Growth Through Alternative Sources Of Financing
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports