High standards crucial for financial services amid fragmentation
Central Bank of Ireland Deputy Governor Mary-Elizabeth McMunn emphasized the need for high standards and global responsibilities in international financial services.
ECB President Christine Lagarde informed MEP Bruno Gonçalves that the EU requires an additional €477 billion annually for green investments.
Bank of Japan Executive Director Kamiyama highlighted the growing role of non-bank financial intermediaries (NBFIs) and investment funds at the AIMA Japan Annual Forum on May 14. He discussed their global expansion, characteristics in Japan, and potential risks to financial system stability.
Bank of Japan Executive Director Kazushige Kamiyama announced that no critical technical issues have been identified for the social implementation of a central bank digital currency.
Sharon Donnery, Member of the Supervisory Board of the ECB, emphasized the critical role of banking supervision in maintaining public trust.
Central Bank of Ireland Deputy Governor Mary-Elizabeth McMunn emphasized the need for high standards and global responsibilities in international financial services.
Bank of Japan Executive Director Kamiyama Kazushige outlined the future evolution of Japan's payment and settlement systems, focusing on wholesale and retail central bank digital currency (CBDC) initiatives.
Riksbank Governor Erik Thedéen encouraged banks to regularly test their operational capacity to borrow from the central bank's lending facilities.
The Bank of Canada's Governing Council maintained the policy interest rate at 2.25 percent.
ECB Executive Board Member Frank Elderson emphasized that deregulation is 'a no-go' for financial supervision, advocating instead for deeper European integration and smarter, not lighter, regulation.
Claudia Buch, Chair of the ECB Supervisory Board, discussed geopolitical and cyber risks, supervisory simplification, and private credit markets in an interview with Les Echos.
Colm Kincaid, Deputy Governor of Consumer and Investor Protection at the Central Bank of Ireland, highlighted the CBI's role in promoting financial literacy.