The weather was good when we arrived last week at Stockholm for the yearly EBA Days conference. I’ve been attending this event already a handful of times and it makes for a nice touch point with the traditional banking community before the northern summer breaks in and Sibos takes over to close the year. The conference’s strong point Is traditionally networking but this year I was surprised to find the current gestalt of the banking community laid out clearly in the first two sessions after the welcome word: consolidation, harmonization and industry collaboration on the one side, versus the need to reinvent ourselves and find new revenue pools. Know Your Classics. 1. The need to reinvent ourselves This strategic round table on global transaction banking aptly named “the art of the possible” addressed the problem of correspondent banking as a high cost business where service choices are being forced to its participants and where a call was made for banks to innovate fast, to ...