SAFE Finance Blog

Revised Consumer Credit Directive and amendments to various regulations to strengthen European central counterparties

New guidelines improving resolution planning, implementing standards for disclosures on ESG risks, and detailed rules for delaying public disclosure of inside information

European Commission proposes reforms to the Capital Requirements Directive and Capital Requirements Regulation

Delegated Regulation establishing rules for retail investment products, revised guidance on the stress tests conducted by national deposit guarantee schemes, and new guidelines on dealing with the breaches of the large exposure limits

Ignazio Angeloni: The demise of Monte dei Paschi di Siena tolls a bell for EU, not just Italy

New European sustainable finance strategy, introduction of a green bond standard and a carbon border tax, and the ECB’s latest monetary policy decisions

The European Central Bank recently communicated its new monetary policy strategy. The first strategic realignment since May 2003, however, disappoints expectations on several fronts

Thomas Huertas: The euro area crisis management and deposit insurance framework is currently more likely to trigger new crises than prevent them. That is why a reset is needed, and why a reset may be feasible

Thomas Mosk: The discretionary power of national authorities can effectively undermine well-intentioned supranational regulations in practice

Ignazio Angeloni: The European Central Bank must deliver but not send the wrong signals. Overly ambitious inflation targets must be reconsidered, as must hardened strategies in monetary policy

Ignazio Angeloni: Digital currencies put central banks to the test in their essential function

Jan Krahnen: The ban on dividend payouts by the Eurozone's supervisory authority is a discretionary action that clouds market expectations with regard to the equity of credit institutions