SAFE Finance Blog

After Russia’s 2022 invasion of Ukraine, defense stocks surged—but after the 2023 Hamas attack on Israel, they barely reacted. Our study suggests markets respond less to war itself than to other factors

Private credit vulnerabilities, integrated EU reporting, and climate risk supervision

Claes Bäckman: Relaxing downpayment rules may benefit existing homeowners more than first-time buyers

Denise Rößler and Vincent Lindner: Payment service providers like Visa and Mastercard shape Europe’s payments ecosystem. The digital euro could change that

Advancing capital markets integration and clearing the way for Ukrainian support loan

Alexander Hillert and Denise Rößler: After an optimistic start to the year, manager sentiment declines markedly due to geoeconomic disruptions

Andre, Schaffranka, Weber: Elevated inflation perceptions after the surge are a common phenomenon and may linger longer today

CMDI reform adoption and EBA guidelines on third-country branch capital and reporting

Elke König: Without simplification, fragmentation will persist and capital market integration will not advance

EBA retail diversification guidelines and transition of PSD 2 and MiCA

Alfons J. Weichenrieder: Greater importance of depreciation reduces the state’s actual income base, potentially undermining debt sustainability

28th regime for corporate law for EU companies and a new EU–UK memorandum on oversight of critical ICT service providers