The origins of both the Global Financial Crisis and the subsequent Eurozone sovereign debt crisis can be traced to poorly regulated banking and financial systems. As a response to the crisis, solvency and liquidity standards have been strengthened, including those in Europe. However, are the global economy and the financial system today more robust as a result? Are they vulnerable to disruptions emanating from outsiders, such as fintechs? What does the blurring of the distinction between “banks” and “non-banks” imply for global regulation? In an era of fragmentation and retreat from multilateral solutions, what should be the role of the EU in this respect?

Chair: Elena Carletti, Professor and Scientific Director, Florence School of Banking and Finance, EUI