BlackRock's Hildebrand Urges Firms to Push for European Banking Union

The video discusses the importance of a proper banking union in Europe to facilitate cross-border bank consolidation. It highlights the challenges European banks face, such as the need for an integrated market and the competition with US banks. The discussion also covers the role of asset management and the necessity of a business model that supports scale and shareholder engagement. The completion of a banking union is seen as crucial for European banks to operate effectively in a large market.

What is considered the most important part of completing monetary union in Europe?

How can European banks benefit from a proper banking union?

What is the significance of having an integrated European market for banks?

What challenges do European banks face in competing with US banks?

What steps should banks take to address the business model problem in European banking?