Objectives of the roundtable
The session will discuss the financial stability impacts of the economic environment – characterized by persistent high inflation, low growth, very high levels of public, private debt and asset valuation in many countries and increased nominal interest rates – on the financial industry. The panel will also focus on the main risks that stem from the Non-Bank Financial Intermediation and assess if they appropriately addressed in Europe in particular.
This session will not address climate, crypto-asset and operational related risks as they are covered in other session of the Eurofi Santiago event.
Points of discussion
- What are the main risks and vulnerabilities of the European financial sector in the current context of persistently high inflation, weaker growth, near-record high levels of public and private debt, elevated asset prices (e.g. real estates), rising nominal interest rates, still negative real interest rates in the euro area and deteriorating credit risk?
- What are the main risks that stem from the Non-Bank Financial Intermediation in Europe in the current macroeconomic context? Which activities and players are most affected by these risks? Are they appropriately addressed by the EU regulatory framework (AIFMD, EMIR, Solvency 2, CRDs, MiCA, …)?