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: 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.
Matthias Goldmann: The European Court of Justice’s verdict on the bond purchases of the European Central Bank (ECB) shows the rationalizing effect of legal discourses.
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.
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?