Speech by Stefan Ingves

Objectives of the session This session will assess the financial vulnerabilities raised in Europe by the dangers of rising and persistent inflation, lasting very negative real interest rates – asset bubbles, market fragmentation, liquidity trap -, the very high level of public debt in some EU Member States, the deterioration of credit risk and persistently … Continued

Objectives of the session Financial infrastructures – High Value Payments, Low Value Payments, central securities depositories, securities settlement systems, central counterparties, and trade repositories… at the global level must be reliable and cost effective in all circumstances. These infrastructures in which many banks and other financial institutions are participants to, and in many cases also … Continued

Objectives of the session This session will first discuss the main measures that have been proposed by the EU and international authorities for enhancing the resilience of money market funds (MMF) and the next steps of the review of the MMF regulation in the EU. The panel will also assess the potential vulnerabilities arising from … Continued

Objectives of the session The highly innovative context specific to the digitalisation of commerce, provided the internet, mobile-phone, and distributed ledger technology adoption, has been requiring faster payments and accompanying ever widening choice of services often embedding or hiding payment ones. Eventually, the short-lived Libra initiative provided a wakeup call to all incumbents (i.e., banks, … Continued

Objectives of the session AML legal arrangements in the EU have been frequently improved overtime. However, improving the EU AML framework efficiency is an endless task due notably to the current level of tech innovation and in particular the development of the use of crypto assets but also the international nature of money laundering. Hence … Continued

Objectives of the exchange of views The session will first discuss the main features that should characterize the EU banking system to finance the needs of the EU economy, the reasons of the significant competitiveness gap between large EU banks and their American and Asian peers and the related consequences of such a gap. Then … Continued

Objectives of the session It is now increasingly acknowledged that the EU securitisation market is not taking off. In the face of this fact, some observers consider that securitisation products merely continue to face the stigma that rooted in the great Financial Crisis (GFC) the main triggers and amplifier of which has been securitisation (in … Continued