Enhancing the NBFI resilience: remaining challenges

Objectives Over the past two decades, non-bank financial institutions (NBFIs) have become increasingly important actors in the global financial system. Today, NBFIs— including investment funds, insurance companies, pension funds, hedge funds and private credit providers — represent nearly 50% of total global financial assets, according to the Financial Stability Board (FSB). In the EU, the … Continued

Objectives theft and AML prevention in the digital age: experiences and way forward Points of discussion Digitalisation has transformed finance but also multiplied fraud risks—from APP scams and identity theft to deepfake-enabled deception and fraud in digital mortgages and lending. Instant payments, open banking, and digital wallets increase speed and efficiency but expose consumers and … Continued

Objectives economic growth and industry competitiveness?​ Points of discussion While previous sessions have addressed the technical aspects of regulatory complexity and simplification efforts, this session will take a more strategic view. It will focus on how the current financial regulatory and supervisory framework impacts the EU’s ability to support growth, innovation, and the global competitiveness … Continued

Objectives Delivering faster, cheaper, more transparent, and inclusive cross-border payments is a G20 priority for 2027. While progress has been made—ISO 20022 adoption, interlinking fast payment systems, PvP solutions—significant bottlenecks remain. Regulatory divergence, fragmented infrastructures, and costly compliance still slow cross-border flows, particularly for smaller players and in emerging markets. At the same time, efficiency … Continued

Objectives This session aims to assess whether the current banking macroprudential framework in the EU is fit for purpose in light of today’s challenges. A first objective is to evaluate how effectively the existing tools – such as the countercyclical capital buffer (CCyB), systemic risk buffer (SyRB), and sectoral measures – are identifying and addressing … Continued

Objectives The digital euro project is nearing the end of its preparation phase, with the ECB expected to decide in late 2025 whether to move forward. Technical progress has been made—rulebook development, provider sourcing, and a preparatory platform testing offline payments and conditional transactions—while the legislative process lags, with key questions still open on holding … Continued

Objectives Points of discussion

Objectives Points of discussion

Objectives Points of discussion

Objectives Points of discussion