Banking and capital markets
While the world was saved from financial instability during the pandemic, new developments in the European Union’s financial system are emerging.
While the COVID-19 pandemic has not led to financial instability thanks to effective European Central Bank intervention and major government interventions, new developments in the EU financial system are emerging.
Our researchers monitor financial sector developments and public policy responses, and make policy recommendations with a specific attention to the role of the financial sector to support the EU’s green and digital transitions.
Recently published and updated
The Euro at 25: Fit for purpose?
Why I’m not concerned about the billions of central bank “losses”
Central banks’ losses are not a cause for concern
Barcelona 5: The International Economic and Financial Order After the Pandemic and War
Better Backstops, Safer Banks
The EU’s banking union needs to keep growing for Europe’s economy to thrive.
The US and euro area must move faster on their digital currencies for wholesale purposes
Events
Government bonds in the ECB collateral framework: What role for credit ratings in the new normal?
How does the ECB's reliance on external credit assessments affect bond yields, government vulnerability, and potential sovereign debt crises?
Taking stock: 25 years of EMU
Closed-door conference jointly organized with De Nederlandsche Bank
The European Court of Auditors’ report on European banking supervision and credit risk
At this invitation only event Mihails Kozlovs and Edouard Fernandez-Bollo discuss report on EU supervision of banks’ credit risk