Featured Product

    EC and ECB Reports Discuss Financial Integration in EU

    March 03, 2020

    EC published the 2020 edition of the Annual European Financial Stability and Integration Review. The review examines recent economic and financial developments and their impact on financial stability and integration in EU. The focus this year is on the banking sector and, in particular, on three main challenges it faces—the increased investments in certain assets, the emergence of cryptocurrencies, and the progress in relation to cross-border banking. In addition, ECB published a report, along with a statistical annex, on financial integration and structures in the Euro area. ECB also published remarks by Luis de Guindos, Vice-President of ECB, on the occasion of the publication of the report.

    The EC review this year combines different perspectives on the various structural changes that are taking place in the financial system in Europe. The Annual European Financial Stability and Integration Review presents an in-depth review of the impact and policy implications of the challenges on the financial industry and on banks in particular. The review focuses on the emergence of digital money, including cryptocurrencies and their impact on banks and the financial system. The review also analyzes cross-border-banking developments in EU, focusing on the implications and developments with respect to the macro-prudential measures and the Banking Union, including implementation of the Single Resolution Mechanism and the Bank Recovery and Resolution Directive. 

    The ECB report on financial integration and structures in the Euro area describes key structural developments such as the process of financial integration, changes in financial structure, and the process of financial development or modernization. It discusses selected financial-sector policies, notably policies related to the European Banking Union and Capital Markets Union and contributes to the debate on how European Economic and Monetary Union can be deepened. The report highlights that the last decade saw rapid growth in fintech entities. However, the sector lacks a statistical classification, which is key to being able to analyze it better and compare it with other sectors of the financial industry. Over time, further development of equity markets could make a significant contribution to decarbonizing EU economies. New ECB research suggests that countries with economies that have a funding structure more focused on equity than bank credit or other forms of debt have reduced their carbon footprints more than other countries in recent decades. Furthermore, non-bank financial intermediaries, of which investment and pension funds are the fastest growing type, now account for almost 60% of total euro area financial assets. The report notes that this deserves attention, as it could reflect not only financial development, but partly also a migration of risks from the banking sector to less regulated sectors.

     

    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, Financial Stability, Banking Union, Capital Markets Union, Climate Change Risk, BRRD, SRM, Resolution Framework, EC, ECB

    Featured Experts
    Related Articles
    News

    US Regulators Release Stress Test Scenarios for Banks

    The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).

    February 28, 2024 WebPage Regulatory News
    News

    Asian Governments Aim for Interoperability in AI Governance Frameworks

    The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.

    February 28, 2024 WebPage Regulatory News
    News

    EBA Proposes Operational Risk Standards Under Final Basel III Package

    The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.

    February 26, 2024 WebPage Regulatory News
    News

    EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS

    The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.

    February 23, 2024 WebPage Regulatory News
    News

    ECB to Expand Climate Change Work in 2024-2025

    Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.

    February 23, 2024 WebPage Regulatory News
    News

    BIS Bulletin Examines Cognitive Limits of Large Language Models

    The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.

    January 25, 2024 WebPage Regulatory News
    News

    ECB is Conducting First Cyber Risk Stress Test for Banks

    As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.

    January 24, 2024 WebPage Regulatory News
    News

    EBA Continues Momentum Toward Strengthening Prudential Rules for Banks

    A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.

    January 24, 2024 WebPage Regulatory News
    News

    EU and UK Agencies Issue Updates on Final Basel III Rules

    The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards

    December 19, 2023 WebPage Regulatory News
    News

    Industry Agency Expects Considerable Uptake for Swiss Climate Scores

    The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.

    December 18, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8952