Opening speech
Russia-Ukraine war: how to address inflation and growth impacts?
Objectives of the session Beyond the immediate humanitarian impact, Russia’s invasion of Ukraine is severely setting back the global recovery, slowing growth and increasing inflation even further. This shock exacerbates stagflationary risks. European economies are hit the hardest, compared to other global regions, particularly those that have a common border with either Russia or Ukraine. … Continued
Growth challenges in the CEE region in the current Russia-Ukraine war and macroeconomic context
Objectives of the session The objective of this session is first to discuss the economic challenges that the CEE region is facing in terms of economic growth and financing and how growth prospects are expected to evolve in the coming years. This part of the discussion will consider both structural challenges (related to e.g. the … Continued
Sustainability risk in the EU banking sector: risk management, disclosure and prudential treatment issues
Objectives of the session The European Central Bank (ECB) published an updated assessment of the progress of European banks on climate and environmental risks disclosures. In January 2022 the European Banking authority published pillar 3 technical standards putting together comparable disclosures and KPIs, aiming at ensuring an appropriate level of information about institutions’ ESG exposures, … Continued
Taking advantage of bank diversity in Europe in terms of business model and governance (profitability, supervisory issues…)
Objectives of the session The essence of banking lies in assessing, balancing, and managing risks and benefits. As different types of risk/reward are needed to satisfy different types of customer needs, there is place for different types of banks. A business model can be seen as the sum of the systems, mechanisms and methods through … Continued
Sustainability risks and challenges in the insurance sector (sector resilience, contribution to the EU economy adaptation)
Objectives of the session Supervisors are assessing on an ongoing basis US, European and national insurers’ exposure to physical climate change risks. More generally they are outlining the appropriate climate risk disclosures, stress testing approaches and scenarios, and working out climate related risk modeling in both underwriting and investments. In addition, supervisors, globally, consider how … Continued
Speech by Sabine Mauderer
Digitalisation trends in financial services: are EU regulation and supervision up to the opportunities and challenges? (Digital Finance Package, horizontal digital policies…)
Objectives of the session This session will first discuss the state of progress of digitalisation in the EU financial sector, on-going market trends and the opportunities and possible challenges associated with digitalisation for financial market players and their customers. The panel will also assess whether EU digital policies (e.g. the proposed Digital Finance Package, the … Continued