“…In addition, the organizational structure must comply with the financial institution's goals, business model, risk profile, size, geographical scope and complexity of activities, operated sales channels and, in the case of subsidiaries, the size and structure of the banking group. In Europe, commercial banks can only be established and operated in the form of a joint-stock company, with registered shares, so that the bank's owners can always be identified (Berber et al, 2019;Iwanicz-Drozdowska & Witkowski, 2022;Li et al, 2022).…”