Lack of EU Bank Mergers Is 'Missed Opportunity,' Says Bank Pekao CEO

The transcript discusses the opportunities and challenges in the banking sector, focusing on mergers and acquisitions, sector consolidation, and the impact of regulatory burdens. It highlights the need for European banks to engage in mega mergers to remain competitive globally, especially against the backdrop of digital transformation and competition from technology companies. The discussion also touches on the challenges posed by negative interest rates and regulatory pressures in Europe. The potential for cross-border banking and the role of digital strategies in driving growth are explored, along with domestic banking issues in Poland.

What is the significance of the Milken Conference mentioned in the text?

What is the speaker's view on the regulatory environment for banks in Europe?

How does the speaker suggest European banks should respond to increasing competition?