SAFE Finance Blog

Andreas Barth: When banks face a shortage in one funding market, they substitute into other sources of funding, intensifying competition: Banks that are not directly affected by the original funding dry-up might face a funding squeeze with strong impacts to the real economy

Ignazio Angeloni: To overcome the European Central Bank’s mistakes of the past, the sequencing approach needs to be abandoned

Proposed changes on disclosures for retail and insurance-based investment products, a tax incentive for equity, and harmonized rules for non-bank lending

Thomas Huertas: Surprise has spurred the success of sanctions. But if sanctions are to remain effective, democracies cannot rely again on surprise

New standards for sustainability-related disclosures, European actions to support the digital transformation of the financial sector, and updated requirements for securitizations

The decision on the resolution of European banks should be taken entirely at the supranational level to prevent the dominance of national interests

Shaping of the EU sustainable finance framework, changes to the upcoming carbon border tax, and new rules for central securities depositories

Including the payment information system in sanctions against Russia will further accelerate the development of alternatives, in favor of China

Financial stability depends not only on the timeliness of banks’ accounting information during the crisis, but also on the capital regulation setting incentives for prompt corrective actions when losses are first recognized

Reports on the central counterparties recovery regime, review of the money market funds framework, and procedural rules for benchmark administrators and data reporting services providers

Financial markets do not necessarily have to be organized liberally, as the situation in large emerging markets shows. Sometimes for good reasons

Some European countries have recently incorporated sustainability into their competition law. In Germany skepticism still prevails, despite various options