Eurofi organizes two major annual events ahead of the informal Ecofin meetings, bringing together over 900 public and private sector representatives to discuss financial regulation, macroeconomic trends, and industry developments.
Current Topics
Content on the key topics currently being addressed by Eurofi: policy notes, summaries of working sessions and insights from public and private sector representatives.
Economic and stability challenges
Digitalisation and technology
Capital market regulation
Banking and insurance regulation
Sustainability challenges
Payments and AML
Objectives Inflation remains persistent and high, well above the 2% target. In March 2023, the euro area harmonized index of consumer prices (HICP) stood at 6.9 per cent while core inflation continued to increase. Wage pressures have strengthened—in the fourth quarter of 2022, hourly labour costs rose by 5.7% in the euro area and by … Continued
Objectives The goal of sustainable reporting standards is to provide ESG (Environment, Social, Governance) transparency of financial products and of corporates. The development of sustainable transparency is not at the same stage in the most important financial markets. The European Union develops an ambitious regulatory framework (SFDR, CSRD, taxonomy), based on the double materiality principle … Continued
Objectives The green transition will require considerable investment. Public funds alone will not be sufficient. The Next Generation EU (NGEU) recovery package and the EU budget should contribute to this green transformation (this corresponds to 1,98% of EU GDP on average per annum). But EU financings alone will not be able to reorient our economy … Continued
Objectives This session will first discuss the expected impact of the measures proposed in the September 2020 action plan to relaunch the Capital Markets Union (CMU) initiative, whether they are likely to be game-changers for the CMU and the remaining priorities to be pursued by the end of the current legislature. The panel will also … Continued
Objectives Many now focus on working out of the so-called open banking, whose promises are attractive. However, in addition to a possible open banking ambition, a full and optimal contribution of PSD2 in terms of levels of innovation, competitiveness, economic efficiency, level playing field and security, in the area of payments and payment accounts alone, … Continued
Objectives The first objective of this session is to take stock of the current level of competitiveness of the EU capital market ecosystem and of its strengths and weaknesses and to identify the main issues and drivers that need addressing to enhance competitiveness. Secondly, the panel will discuss the effects that can be expected in … Continued
Objectives This session will first discuss the main use cases of open finance in different areas of finance (banking, insurance, capital markets, pensions…), the expected benefits for customers and the opportunities for financial players, the challenges to overcome (e.g. in terms of standardisation, consumer protection, level playing field….) and also the possible risks posed by … Continued
Objectives SSM stress tests show that though banks have low exposures to flood-risk areas, some sectors are strongly impacted by a drought and heat scenario. An increase of impairments is also expected by the short-term disorderly transition scenario. This increase stem from the highest polluting sectors stroke by a steep increase in carbon prices or … Continued
