SAFE Finance Blog

In July, the Capital Requirements Regulation were amended, through the so called CRR quick fix, and the European Central Bank as well as the European Securities and Markets Authority issued new guidelines

Ignazio Angeloni: European banking union should act as model

Thomas Huertas: Some simple steps on how to prevent the coronavirus pandemic from causing a financial crisis

Ignazio Angeloni: The ruling on the European Central Bank’s quantitative easing appears to open up an irremediable conflict at the heart of the euro area, with potentially fatal consequences for the currency and its central bank. It may turn out differently

Baptiste Massenot: Central banks decide on aid programs worth billions to mitigate the economic impact of the coronavirus pandemic. But how equitable are these measures?

Ignazio Angeloni: The return to normality after the coronavirus pandemic requires, among other things, that banks be saved, and this will not happen unless regulation is adapted and more public support is provided

Targeted and coordinated European measures needed to prevent a new banking crisis

Ignazio Angeloni: According to some, the ECB can learn from the Fed on how to deal with dissent. The US system, however, is not a reference Europe can easily conform to

Jan Krahnen: Loud is the criticism awarding the Order of Merit of the Federal Republic of Germany to Mario Draghi, who is said to have harmed the German saver. The opposite is true

Alexander Ludwig: The ECB has reached a limit with its monetary policy. Other policy responses are needed: an expansion of fiscal measures for more investment in infrastructure and education

The reform of the ESM turned out to be one of the main political issues in Italy at the end of this year, to the point of posing an existential threat to the sitting government. However, a well-functioning ESM is of vital interest in particular to countries like Italy.

Alexander Ludwig: Central banks are held responsible for the continuous low-interest rate environment. However, there are many indications that the demographic trend is lowering natural interest rate