Speakers
Objectives
Objectives
The session aims to:
· Assess the contribution of NBFI and private assets to financing the European economy, including their role in supporting long-term investment and the Capital Markets Union.
· Examine how the risk profile of private credit and market-based finance is evolving, not only in scale but also in structure and complexity.
· Discuss whether authorities have the data, tools and mandates needed to monitor, stress test and address systemic risks arising from non-bank finance in a timely and proportionate manner.
· Explore how to strike the right balance between financial stability, financing capacity and international competitiveness, taking into account the diversity of private asset models and investor bases.
The objective is not to question the development of NBFI and private assets per se, but to ensure that their growth is well understood, appropriately governed and compatible with Europe’s long-term economic and financial stability objectives.
Points of discussion
- To what extent can NBFI and private assets structurally enhance financing capacity and market integration in advanced economies?
- How far can authorities move from identifying NBFI-related risks to taking effective, coordinated macro-prudential action in a financial system reshaped by innovation and structural complexity