Speech: The challenges and role for EU capital markets in the context of the green and digital transitions

Objectives Europe has entered a period of stagflation: Inflation remains persistent and high, well above the 2% target. In February 2023, the euro area headline harmonized index of consumer prices (HICP) stood at 8.5 per cent. Growth prospects in Europe for 2023 are weak (0,8% according to the winter forecast of the EU Commission). Labour … Continued

Objectives The objective of this session is to discuss the on-going trends in the Nordic-Baltic financial services sector, the main opportunities and challenges the financial services sector is facing in the region and the specificities compared to the rest of the EU. The panel will also assess whether the policy needs of the Nordic-Baltic region … Continued

Objectives It is mainstream that sustainability risk matters. Regulators and supervisors have been developing tools to enable insurers to develop related assessment and management tools. In 2021 the EIOPA adopted guidelines on the assessment of the materiality of climate risks, and the integration of physical and transition risks in the ORSA. EIOPA also analysed the … Continued

Objectives of the session The highly innovative context specific to the digitalisation of commerce, provided the internet, mobile-phone, and distributed ledger technology adoption, has been requiring faster payments and accompanying ever widening choice of services often embedding or hiding payment ones. Eventually, the short-lived Libra initiative provided a wakeup call to all incumbents (i.e., banks, … Continued

Objectives of the session This session will assess the financial vulnerabilities raised in Europe by the dangers of rising and persistent inflation, lasting very negative real interest rates – asset bubbles, market fragmentation, liquidity trap -, the very high level of public debt in some EU Member States, the deterioration of credit risk and persistently … Continued

Objectives of the session Financial infrastructures – High Value Payments, Low Value Payments, central securities depositories, securities settlement systems, central counterparties, and trade repositories… at the global level must be reliable and cost effective in all circumstances. These infrastructures in which many banks and other financial institutions are participants to, and in many cases also … Continued

Objectives of the session This session will first discuss the main measures that have been proposed by the EU and international authorities for enhancing the resilience of money market funds (MMF) and the next steps of the review of the MMF regulation in the EU. The panel will also assess the potential vulnerabilities arising from … Continued