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.
Completion of the banking union and integration of the EU’s capital markets remain central to completing the EU’s economic and monetary union. Bruegel’s researchers monitor developments in the financial sector, evaluate public policy responses and make recommendations.
Under the 2025-2026 research programme, Bruegel fellows focus on sustainable finance and the future of investment, the future of the international economic order and structural national reform.
Recently published and updated
The European Savings and Investment Union: What Will Poland Get Out of It?
Is Europe ready for a major banking crisis?
This Policy Brief is a reissue of a Policy Brief published by Bruegel in August 2007
Testimony to the UK House of Lords Financial Services Regulation Committee
A single market for capital: five priorities for the EU
The quickly fading memory of why and when bank capital is important
Deregulation should not be equated with lowering capital requirements in the EU
Researchers
Ravi Balakrishnan
Bruegel Visiting Fellow
Jesper Berg
Bruegel Non-resident Fellow
Rebecca Christie
Bruegel Senior Fellow
Hans Geeroms
Bruegel Non-resident Fellow
Annamaria Lusardi
Bruegel Non-resident Fellow
Ivo Maes
Bruegel Non-resident Fellow
Events
Global imbalances and Europe: a fresh perspective
Bruegel’s 20th anniversary event in Paris, jointly organised with the Banque de France and the CEPR
The changing global and European environment for sustainability-related financial disclosures
At this event, Sue Lloyd discussed sustainability-related financial disclosures in an evironmental context
2025 "Triffin Lecture": Are global markets heading towards financial fragmentation?
Implications for the international role of the euro
Podcasts
Disaster risk in euro-area bond markets
What investment funds tell us about euro-zone fragility
Digital euro: why now and what's next
ECB’s Cipollone and Spain’s Hernández de Cos talk timing and strategic arguments for a new Central Bank Digital Currency
Nature on the balance sheet: a financial perspective
How can businesses, governments and financial institutions work together to tackle the global biodiversity crisis?
Climate change, the next big financial threat
A warming planet poses new risks to European sovereign debt. How can the continent protect itself?