Normalizing monetary policy: way forward

Objectives of the roundtable Inflation, although falling, remains well above the 2% target: euro area headline inflation was 5.3% in July 2023, down from 6.1% in May, while core inflation remained unchanged at 5.5%. The inflation process has become more persistent. According to the ECB, “we will face several years of rising nominal wages, with … Continued

Objectives of the roundtable During the last sessions organised by Eurofi on the diversity of business models, a consensus was reached between industry and public policy makers that: The variety of banking business models, provided they are viable and sustainable (i.e. profitable and resilient), is an asset to ensure financial stability in Europe and to … Continued

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 … Continued

Objectives This session will first discuss the potential impacts of the use of new technologies on the competitiveness of European financial markets, the conditions for reaping the full benefits of technology in this regard and whether these evolutions are supported by the existing policy frameworks and those being implemented. The panel will also assess the … Continued

Objectives of the roundtable The objective of this exchange of views is to identify the challenges and priorities for Latin American countries, and in particular Uruguay and Paraguay, related to the climate and digital transitions. Discussions on these matters are expected to be held from an economic and financial sector stand-point. Speakers will be encouraged … Continued

Objectives of the roundtable The objective of this exchange of views is to assess the next Commission to improve the competitiveness of EU economies, further integrate the EU area banking sector and develop capital markets in Europe. Points for discussion The economic gap between the European Union and its main global competitors, notably the United … Continued

Objectives This session will assess whether the proposals of the Retail Investment Package address the main priorities for developing retail investment, evaluate the potential impacts of the measures proposed and identify possible shortcomings or gaps that remain to be tackled. The discussion will mainly be organized around the proposals in terms of (i) Value for … Continued

Context and objectives of the session The Digital Euro has sparked considerable interest and posed significant questions within the European Union’s (EU) payment landscape. Key concerns encompass financial intermediaries, inclusion, financial stability, anti-money laundering (AML), and data privacy. One critical issue is the role of financial intermediaries in the Digital Euro ecosystem. The Eurosystem envisions … Continued

Objectives This session will focus on the role that digitalisation can play in further developing retail investment and whether this objective is appropriately reflected in the Retail Investment Package proposal. A first round of discussion will focus on how digitalisation can help to increase investor participation in the capital markets, the related benefits and possible … Continued

Background and objectives of the session The introduction of the Digital Euro promises significant benefits, catering to the evolving payment needs in our digital era. It offers both efficiency and trust as it utilizes central bank money, ensuring accessibility in an increasingly cashless society and fostering innovation in the digital economy. However, the key challenge … Continued