The Paris Agreement provides a framework for international carbon trading. Georg Zachmann and Annabelle Weisser discuss the many questions that will arise, and argue that international carbon credits can support the EU’s 2040 target if buyers’ club rules and leverage ensure real mitigation gains abroad
International carbon trading: a strategic lever to boost global decarbonisation Read More »
European banking remains fragmented, leaving billions of euros inefficiently allocated. Gyöngyi Lóránth, Anatoli Segura and Jing Zeng argue that a common deposit insurance system can encourage more risk-taking, but this should be accompanied by sufficiently strict supervision
Achieving a European Banking Union without increasing risks Read More »
EU banking rules are under pressure for simplification. Jesper Berg and Hans Geeroms argue that reforms should cut complexity without weakening financial safeguards
Reforming EU banking regulations Read More »
Digitalisation is reshaping how financial markets operate, says Christine Lagarde. For Europe, this is above all an opportunity to deepen integration, strengthen autonomy and anchor innovation in trusted public money across markets and payments
Money in transition: digitalisation and innovation in payments Read More »
Europe faces unprecedented geopolitical and economic challenges, including high dependencies on external providers for energy, technology, security, and financial infrastructure. Frank Elderson argues reducing these dependencies is essential for safeguarding the European way of life
Strengthening operational resilience for the age of AI Read More »
Money rests on a promise: that its value will be preserved over time. This promise is upheld by the trust that citizens place in the institutions responsible for safeguarding it, says Christine Lagarde. Preserving that trust is the mission that unites central banks
Upholding independence in challenging times Read More »
The dramatic developments unfolding globally, spanning wars, geopolitical shifts, and trade disruptions, have caught Europe off balance. Marco Buti, Giancarlo Corsetti and Anna Peychev discuss the 2026 Florence Report and urge the EU to replace its broken ‘reduced responsibility model’ with a New European Social Contract integrating defence, finance, and the supply of public goods
Reconfiguring Europe in a fractured global economy Read More »
The global asset management industry is simultaneously growing and consolidating. Dirk Schoenmaker argues that US firms’ rise in EU asset management may weaken sustainable finance, making tougher stewardship, ESMA supervision and autonomy urgent
Risks for Europe of US dominance of global asset management Read More »
A new phase of digital finance is taking shape, says Piero Cipollone. The ECB aims to achieve an integrated European market for digital assets, with safe central bank money as the backbone of the system
Preparing Europe for digital finance Read More »
Nature is the economy’s life support system, and it is under strain. Frank Elderson calls for stronger global cooperation to tackle nature related financial risks
Nature in decline, economy on the line Read More »
