Archived Webinar

ECA Talks: Future of Banking in the Post COVID-19 World

"The COVID-19 pandemic has induced a deep economic crisis that may provoke another financial crisis. Yet, in the middle of the financial turmoil over the past few months, banks have been a source of resilience. "

The effects of the COVID-19 crisis came on top of the combination of persistently low interest rates, regulatory changes, and competition from shadow banks and new digital entrants that have challenged the traditional bank business model over the past decade. In the future, banks will have to deal with the fact that the crisis will dramatically increase non-performing loans, although with temporary relief from strict regulations and with massive liquidity help from central banks. Restructuring in the sector will accelerate. An open question is whether surviving incumbents will move ahead or if powerful new players - such as Big Tech - will enter the sector with force transforming the incumbents. This will be a presentation of the second The Bank Business Model in the Post-COVID-19 World report in the CEPR/IESE series on the Future of Banking which tackles these crucial issues, examining the competitive responses of the different players – both incumbents and new entrants – and the associated policy and regulatory issues.

"This session is part of the ECA Talks Series. To access further information on ECA Talks, please click HERE." 

About the Presenters

Stijn Claessens

Head of Financial Stability Policy and Deputy Head of Monetary and Economic Department, Bank for International Settlements

Stijn Claessens is the Head of Financial Stability Policy and Deputy Head of Monetary and Economic Department at the Bank for International Settlements. He represents the BIS externally in senior groups, including the Financial Stability Board, the Basel Committee on Banking Supervision, and the G20. Within the BIS, he leads policy-based analyses of financial sector issues and oversees the work of the Committee on the Global Financial System and other committee secretariats. Between 1987 and 2006, he worked at the World Bank in various positions. From 2007 to 2014, he was Assistant Director in the Research Department of the International Monetary Fund. 

Allen N. Berger

H. Montague Osteen, Jr., Professor of Banking and Finance, Darla Moore School of Business, University of South Carolina

Allen N. Berger is the H. Montague Osteen, Jr., Professor in Banking and Finance in the Finance Department, Darla Moore School of Business, University of South Carolina, since 2008. He is the Ph.D. coordinator of the Finance Department and Carolina Distinguished Professor of the University. Currently, he is also a Senior Fellow at the Wharton Financial Institutions Center and Fellow of the European Banking Center. He serves on the editorial boards of several professional finance and economics journals. Professor Berger was editor of the Journal of Money, Credit, and Banking from 1994-2001, has co-edited several special issues of various professional journals and has co-organized a number of professional research conferences.

Alfonso Garcia Mora

Global Director, Finance, Competitiveness & Innovation Global Practice, World Bank

Alfonso Garcia Mora is the Global Director in the Finance, Competitiveness & Innovation Global Practice at the World Bank. Prior to that he was a Practice Manager for the Latin America and Caribbean Region (LCR). He joined the Bank in 2013 as Lead Financial Sector Specialist in the Finance and Private Sector Development Vice Presidency. Prior to joining the Bank, Mr. Garcia Mora had a successful 12 year career in the private sector at the Analistas Financieros Internationales consulting group, including as Partner Managing Director during 2007-12.

Asli Demirgüç-Kunt

Chief Economist, Europe and Central Asia, World Bank

Asli Demirgüç-Kunt is Chief Economist for Europe and Central Asia region at the World Bank. Over her 30-year career in the World Bank, she has also served as the Director of Research, Director of Development Policy, and the Chief Economist of the Finance and Private Sector Development Network, conducting research and advising on financial and private sector development issues. The author of over 100 publications, she has published widely in academic journals and is among the most-cited researchers in the world. Her research has focused on the links between financial development, firm performance, and economic development. Banking and financial crises, financial regulation, access to financial services and inclusion, as well as SME finance and entrepreneurship are among her areas of research. She has also created the Global Financial Development Report series and the Global Findex financial inclusion database. She has been the President of International Atlantic Economic Society (2013-14) and Director of Western Economic Association (2015-18) and serves on the editorial boards of professional journals. Prior to coming to the Bank, she was an Economist at the Federal Reserve Bank of Cleveland.  She holds a Ph.D. and M.A. in economics from the Ohio State University.

Questions Submitted

Mahaman Mourtala

- Oct 17, 2021


- Jul 24, 2021


- May 30, 2021


- Jan 22, 2021


- Jan 13, 2021


- Aug 26, 2020

Mohammad Nadir

- Aug 17, 2020

Joy Mildred Adhiambo

- Aug 11, 2020
Future of Banking in the Post COVID-19 World
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