In a changing regulatory context and evolving market structures, bank business models (BBM) analysis emerged as a policy tool to better understand the nature of risk attached to banks and the relative contribution of each identified business model to systemic risk throughout the economic cycle. This new Monitor edition for Europe provides an updated identification of BBM for 3,287 banking groups and subsidiaries in the European Economic Area (EEA) and Switzerland, accounting for 25,402 bank-year observations and using Ayadi (2019) definition, methodology and financial stability framework.