Exchange of views with J. Lemierre (BNP Paribas)

Objectives In less than a fortnight, three medium sized US banks have failed, and Credit Suisse has been taken over by UBS. The session will assess the financial stability impacts of the recent banking turmoil and the economic environment – characterized by persistent high inflation, very high levels of public and private debt in many … Continued

Objectives This session will first discuss the current trends in terms of SME equity funding and IPOs in the EU, the impact of the current macro-economic environment in this area and the key issues and obstacles to address regarding SME equity funding. Secondly, the panel will assess the impacts that can be expected from the … Continued

Objectives The EU framework has been seriously reinforced over the last decade, in particular for large banks, but there remains room for improvement and harmonisation to reach a crisis management framework effective for all types of banks, including small and medium-sized ones. The variety of approaches followed by national authorities notably in the management of … Continued

Objectives This session will first assess the current trends in European and global cryptoasset markets, the lessons that can be learned from the recent market turmoil triggered by the failure of FTX and some other cryptoasset service providers and the future prospects of cryptoasset markets and activities. The panel will also discuss the progress made … Continued

Objectives The EU Commission has launched varied workstreams that support the European green deal aim of channelling private investment towards the transition to a climate-neutral economy. In addition to the approaches to improve sustainability risk measurement, management, and mitigation, the concrete outcomes are mainly ambitious disclosure regulations and standards. They all aim at easing the … Continued

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