Finance Minister and Eurogroup President Kyriakos Pierrakakis on Friday highlighted the need for a European banking system comprised of strong European-wide banking groups, regional banks and smaller financial institutions, each with distinct but complementary roles.
In a video address to the annual meeting of the European Chapter of the Global Alliance for Banking on Values (GABV), held in Karditsa, Pierrakakis also described artificial intelligence as the greatest opportunity for small banks. The international meeting brought together representatives of financial institutions from across Europe.