Speech or exchange of views

Objectives This session will first take stock of the short and longer term impacts of new technologies in the financial sector and of the related opportunities and challenges. The panel will also assess the relevance of the existing sectoral and horizontal frameworks for supporting an effective digitalisation of financial services and identify the main priorities … Continued

Objectives This session will first discuss the opportunities and challenges associated with open finance for financial institutions and customers, whether they are appropriately addressed in the FIDA proposal and the potential impacts of open finance at market level. The panel will also assess the possible changes or additions that may be needed to the FiDA … Continued

Objectives The protection of nature, including biodiversity, has become a political priority at the EU level as a part of the Green Deal and at the international level with the Kunming-Montréal Agreement of December 2022. The EU sustainable reporting framework requires the disclosure of information related to the impact of financial and non-financial corporations on … Continued

Objectives This session will first discuss how the uptake of AI is progressing in the financial sector, the relationship between data and AI, how use cases are expected to evolve in the medium term with the sophistication of AI technologies and increasing analytical capacity and also the expected benefits and challenges for customers and financial … Continued

Objectives The EU framework on sustainable finance aims to enhance transparency in the sustainability of financial and non-financial corporations through regulations such as SFDR, CSDR, the green taxonomy, and ESRS. Global efforts, like the ISSB standards, also target climate-related disclosures. However, a lack of high-quality and comparable data poses a significant obstacle, especially from SMEs … Continued

Objectives This session will first discuss how cyber and digital operational resilience challenges are evolving in the EU financial sector, how the preparation of the implementation of DORA is progressing and the key elements remaining to be further clarified or specified. The panel will then assess the needs in terms of international coordination in this … Continued

Objectives The eurozone has been experiencing a structural growth shortfall relative to the United States and China since the mid-1990s due to structural weaknesses. The Eurofi Economic Scoreboard reminds us that GDP in volume grew by 66.2% from 1998 to 2022 in the US and by only 39.7% in the euro area, according the IMF … Continued