Financial regulation

European Union debt financing: leeway and barriers from a legal perspective

The paper investigates the legal feasibility of the EU borrowing on the capital market to finance European public goods.

The Russian war economy: macroeconomic performance

The Russian economy has performed better than many expected since the war in Ukraine started, though the financial burden will be felt for some time.

The value added of central bank digital currencies: a view from the euro area

Central bank digital currencies do have added value, but this is not the same for every country.

Central banks: uncertainty is the problem, not managing the trilemma

Regaining price stability is difficult but doable; the bigger problem facing central banks is economic uncertainty.

The Commission’s Crisis Management and Deposit Insurance proposal has the potential to significantly improve banking resolution in the EU

The collapse of several US regional institutions and of Crédit Suisse has increased the urgency for crisis management reform in the EU.

Holdings limit will prove central to the digital euro’s future

The European Central Bank says its digital currency will not be a store of value, in contrast to global counterparts.

Bank of Russia’s immobilised assets: what happens next?

Fiscal rule legislative proposal: what has changed, what has not, what is unclear?

The proposed new fiscal rules constitute a major improvement from the current fiscal framework but missed an opportunity to foster green investment.

The US and Swiss messes may nudge the EU towards better international bank capital standards compliance

Bank collapses show the importance of strong capital and liquidity positions and should signal to the EU the benefits of closer adherence to Basel III

Europe's takeaway from recent banking turmoil

A deep dive into EU regulation of the banking sector and how European banks were affected by the recent bank collapses.