European Central Bank
The Price of War | Fiscal Policy and EMU Governance Conference 2025
- Title
- The Price of War | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 49:17
- Date posted
- 7 months ago
- Description
- Session 4 on geopolitical tensions and fiscal implications of war on the second day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Chair: Era Dabla-Norris, International Monetary Fund
The price of war
Jonathan Federle, Kiel Institute for the World Economy, together with André Meier, Gernot Müller, Moritz Schularick
Discussant: João Monteiro, Einaudi Institute for Economics and Finance
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Macroeconomic Effects of Fiscal Policies in the EU | Fiscal Policy and EMU Governance Conference
- Runtime
- 47:05
- Date posted
- 7 months ago
- Description
- Session 3 on perceptions of public debt and fiscal narratives on the second day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Session chair: Oreste Tristani, European Central Bank
Inspecting the macroeconomic effects of fiscal policies in the EU through a new dataset of narrative measures
Roberto Perotti, Bocconi University, together with Mario Alloza, Francesco Berardini, Jacopo Cimadomo, Niamh Dunne, Jan Kuckuck and Luca Sala
Discussant: Massimo Giuliodori, University of Amsterdam
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Public Debt and Policy Expectations | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 54:46
- Date posted
- 7 months ago
- Description
- Session 3 on perceptions of public debt and fiscal narratives on the second day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Session chair: Oreste Tristani, European Central Bank
Perceptions of public debt and policy expectations: evidence from cross-country surveys
Francesco Bianchi, Johns Hopkins University, together with Era Dabla-Norris and Salma Khalid
Discussant: Eric Mengus, HEC Paris
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Monetary-Fiscal Interactions: HANK vs RANK | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 1:21:00
- Date posted
- 7 months ago
- Description
- Keynote lecture on monetary-fiscal interactions: HANK vs RANK by George-Marios Angeletos,
Northwestern University, on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Chair: Philip R. Lane, Member of the Executive Board, European Central Bank
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Priorities & Challenges for Fiscal Policies in Europe | Fiscal Policy & EMU Governance Conference
- Runtime
- 1:31:18
- Date posted
- 7 months ago
- Description
- Policy panel on priorities and challenges for fiscal policies in Europe on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Chair: Piero Cipollone, Member of the Executive Board, European Central Bank
Panellists:
Laurence Boone, Santander Corporate & Investment Banking
Marco Buti, European University Institute
Moritz Schularick, Kiel Institute for the World Economy
Rodrigo Valdés, International Monetary Fund
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Fiscal Redistribution Risk in Treasury Markets | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 51:07
- Date posted
- 7 months ago
- Description
- Session 2 on monetary and fiscal policy interactions on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Session chair: Christophe Kamps, European Central Bank
Fiscal redistribution risk in treasury markets
Howard Kung, London Business School, together with Roberto Gomez Cram, Hanno Lustig and David Zeke
Discussant: James Costain, Banco de España
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Monetary-Fiscal Interactions | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 56:24
- Date posted
- 7 months ago
- Description
- Session 2 on monetary and fiscal policy interactions on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Session chair: Christophe Kamps, European Central Bank
Accounting for credibility: monetary-fiscal interactions and the credibility of central bank mandates
Alessandro Dovis, University of Pennsylvania, together with Luigi Bocola, Gaston Chaumont and Rishabh Kirpalani
Discussant: Anna Rogantini Picco, European Central Bank
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Sovereign Default and Interest Rates | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 47:07
- Date posted
- 7 months ago
- Description
- Session 1 on fiscal stagnation and sovereign risk on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Session chair: Oscar Arce, European Central Bank
Sovereign default and the decline in interest rates
Jessica Wachter, University of Pennsylvania, together with Max Miller and James Paron
Discussant: Eugenia Gonzalez-Aguado, Toulouse School of Economics
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Fiscal Stagnation | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 1:02:37
- Date posted
- 7 months ago
- Description
- Session 1 on fiscal stagnation and sovereign risk on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Session chair: Oscar Arce, European Central Bank
Fiscal stagnation
Luca Fornaro, Centre de Recerca en Economia Internacional (CREI), together with Martin Wolf
Discussant: Xavier Debrun, Nationale Bank van België/Banque Nationale de Belgique
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- Welcome Remarks | Fiscal Policy and EMU Governance Conference 2025
- Runtime
- 6:03
- Date posted
- 7 months ago
- Description
- Welcome remarks by Oscar Arce, European Central Bank, on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0
Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html
- Title
- ECB-IMF Conference on Fiscal Policy and EMU Governance - Day 2
- Runtime
- 4:04:26
- Date posted
- 7 months ago
- Description
- The ECB’s seventh biennial conference on Fiscal Policy and EMU Governance is this year co-organised with the Fiscal Affairs Department of the IMF.
The conference will include a policy panel on ‘Priorities and challenges for fiscal policies in Europe’ (chaired by Piero Cipollone, Member of the Executive Board, ECB) and a keynote lecture by George-Marios Angeletos on ‘Monetary-fiscal interactions: HANK vs RANK’ (chaired by Philip R. Lane, Member of the Executive Board, ECB).
Moreover, the conference will feature the presentation and discussion of eight cutting-edge academic papers of high policy relevance. The papers address aspects of ‘Fiscal stagnation and sovereign risk’, ‘Monetary and fiscal policy interactions’, ‘Perceptions of public debt and fiscal narratives’, and ‘Geopolitical tensions and fiscal implications of war’.
- Title
- ECB-IMF Conference on Fiscal Policy and EMU Governance - Day 1
- Runtime
- 8:31:06
- Date posted
- 7 months ago
- Description
- The ECB’s seventh biennial conference on Fiscal Policy and EMU Governance is this year co-organised with the Fiscal Affairs Department of the IMF.
The conference will include a policy panel on ‘Priorities and challenges for fiscal policies in Europe’ (chaired by Piero Cipollone, Member of the Executive Board, ECB) and a keynote lecture by George-Marios Angeletos on ‘Monetary-fiscal interactions: HANK vs RANK’ (chaired by Philip R. Lane, Member of the Executive Board, ECB).
Moreover, the conference will feature the presentation and discussion of eight cutting-edge academic papers of high policy relevance. The papers address aspects of ‘Fiscal stagnation and sovereign risk’, ‘Monetary and fiscal policy interactions’, ‘Perceptions of public debt and fiscal narratives’, and ‘Geopolitical tensions and fiscal implications of war’.
- Title
- POV: A ✨snapshot✨ of a day as a trainee in our banking supervision teams 📸
- Runtime
- 0:58
- Date posted
- 7 months ago
- Description
- We’re recruiting more than 💯 trainees – there’s less than two weeks left to apply!
Apply by 15 December ➡️ link.europa.eu/3DXdBH
#BankingSupervision #EuropeanCentralBank #Euro
📷 by ECB
- Title
- Christine Lagarde’s career advice to students
- Runtime
- 1:00
- Date posted
- 7 months ago
- Description
- To watch the full interview, head over to @collegeleadersinfinance
- Title
- Christine Lagarde: “Climate change is squarely within the ECB’s mandate”
- Runtime
- 1:04
- Date posted
- 7 months ago
- Description
- To watch the full interview, head over to @collegeleadersinfinance
- Title
- Civil society seminar: Digital euro - our currency
- Runtime
- 1:03:27
- Date posted
- 7 months ago
- Description
- Evelien Witlox, Director of the digital euro project, European Central Bank
Nico Schmidt, Team lead of digital euro user research and experimentation, European Central Bank
Fabian Geuther, Communication specialist digital euro project, European Central Bank
- Title
- The rise of AI, stablecoins and private markets: how stable is the financial system?
- Runtime
- 21:35
- Date posted
- 7 months ago
- Description
- When it comes to the risks to financial stability, things seem to have settled down a bit. But with trade tensions, an unpredictable US economic policy, geopolitical issues, a potential AI bubble and the rise of stablecoins, there is plenty to keep an eye on.
Has the global environment really become less uncertain? And how do all these factors impact financial stability?
To explore these questions and more, our host Paul Gordon speaks with financial stability expert John Fell.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Recorded on 24 November 2025 and published on 27 November 2025.
In this episode:
01:25 How stable is the financial system?
The EU and the United States reached a trade agreement, and the economic impact of trade uncertainty has been milder than expected. But the full effects of the policy changes are yet to be seen. So, what do...
- Title
- Santander Paris event / Philip Lane
- Runtime
- 1:07:16
- Date posted
- 7 months ago
- Description
- Title
- Your payments, your way.
- Runtime
- 0:31
- Date posted
- 7 months ago
- Description
- 💶 We’re building the digital euro to give you more choice in how you pay. It’ll be easy, private, secure – and always there when you need it.
A solution that always works, made in Europe, for everyone in Europe✨
#DigitalEuro #CentralBanking #Economy #EuroArea #EU #EuropeanCentralBank #Euro #Europe #ECB
- Title
- Understanding economic violence
- Runtime
- 3:10
- Date posted
- 7 months ago
- Description
- Did you know that economic violence affects 12% of women in the EU? While awareness of sexual and physical violence has grown, economic abuse is often misunderstood and remains largely in the shadows.
In this video, we explore the three main types of economic violence – control, exploitation and sabotage – and touch on what needs to be done to tackle it.
By putting the facts in focus, we take a closer look at what charts and numbers can tell us.
🔔 Remember to like and subscribe!
🔬 Sources
EU Agency for Fundamental Rights: an EU-wide survey on violence against women https://fra.europa.eu/en/publication/2014/violence-against-women-eu-wide-survey-main-results-report
Surviving Economic Abuse: Statistics on financial and economic abuse https:/survivingeconomicabuse.org/wp-content/uploads/2020/11/Statistics-on-economic-abuse_March-2020.pdf
European Institute for Gender Equality: Data c...
- Title
- 💶 When can you start paying with the digital euro?
- Runtime
- 0:20
- Date posted
- 7 months ago
- Description
- The preparation phase of the digital euro was aimed at making the digital euro secure, private and easy to use for everyone.
🗓️ Here’s the timeline for the next phase:
➡️ November 2025: the next phase begins – it’s time to build the digital euro!
➡️ 2026: EU legislators decide on the digital euro Regulation.
➡️ 2027: we kick off a pilot project and the first digital euro transactions go live.
➡️ 2029: “Cash or digital euro?” could be the new question when paying.
The digital euro will give you more freedom to choose how you pay, alongside cash.
Ready for our money’s new era?
#DigitalEuro #CentralBanking #Economy #EuroArea #EU #EuropeanCentralBank #Euro #Europe #ECB
- Title
- How would the digital euro benefit you?
- Runtime
- 0:30
- Date posted
- 7 months ago
- Description
- 🎙️ In the latest episode of #TheECBPodcast, Executive Board member Piero Cipollone talks about how the digital euro can foster innovation.
🚆 Picture this: you’ve meticulously planned your holiday – booked your train, mapped out your itinerary and secured the perfect hotel. But your train is delayed.
❓ Now, what if you only paid for the train ticket if the train arrives on time? That’s called a conditional payment – and it’s just one example of the innovations the digital euro could bring about.
Want to know more about what the digital euro offers? Check out the full episode!
#DigitalEuro #Podcast #CentralBanking #Economy #EuroArea #EU #EuropeanCentralBank #Euro #Europe #ECB
- Title
- Banking Supervision SREP press conference - 18 November 2025
- Runtime
- 40:31
- Date posted
- 7 months ago
- Description
- Supervisory Board Chair Claudia Buch presents the results of the 2025 Supervisory Review and Evaluation Process at the SSM Press Conference SREP results 2025.
Read the Chair's introductory statement here: https://www.bankingsupervision.europa.eu/press/speeches/date/2025/html/ssm.sp251118~552e92eb92.en.html
- Title
- The complex linkages between euro area insurers and sovereign bond markets
- Runtime
- 7:31
- Date posted
- 7 months ago
- Description
- ECB Research Bulletin by Stefano Corradin, Alessandro Fontana, Christian Kubitza and Angela Maddaloni. Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb251120~d4d50e9bd2.en.html
The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience. The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.
- Title
- Finance and frontiers: geopolitics and banking | 6th ECB Forum on Banking Supervision
- Runtime
- 1:01:18
- Date posted
- 7 months ago
- Description
- Geopolitics have a profound impact on banking and banking supervision. Does the reality of global conflict render international coordination a relic of the past? Will there be a race to the bottom when it comes to regulation and supervision? How can banks respond to a potentially widespread and unprecedented loss of predictability?
• Claudia Buch, Chair of the Supervisory Board of the ECB
• Erik Thedéen, Chair, Basel Committee on Banking Supervision
• Daniel Pinto, Vice Chairman, JPMorgan Chase
Moderator: Martin Arnold, Financial regulation editor, Financial Times
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join...
- Title
- Keynote speech by Frank Elderson | 6th ECB Forum on Banking Supervision
- Runtime
- 28:38
- Date posted
- 7 months ago
- Description
- Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, on the 2nd day of the Sixth ECB Forum on Banking Supervision.
What, if anything, is holding banks back from engaging more in digitalisation and AI? Outdated IT systems weigh on strategy execution, while regulation and supervision race to keep pace with new risks. Will digitalisation drive innovation – or expose vulnerabilities?
• Ray Pinto, Senior Director, DigitalEurope
• Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority
• Francesca Carlesi, Chief Executive Officer, Revolut UK
Moderator: Yasmin Osman, Co-head banking and insurance team, Handelsblatt
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, ...
- Title
- Digital revolution: are banks watching from the sidelines? | 6th ECB Forum on Banking Supervision
- Runtime
- 1:03:59
- Date posted
- 7 months ago
- Description
- What, if anything, is holding banks back from engaging more in digitalisation and AI? Outdated IT systems weigh on strategy execution, while regulation and supervision race to keep pace with new risks. Will digitalisation drive innovation – or expose vulnerabilities?
• Ray Pinto, Senior Director, DigitalEurope
• Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority
• Francesca Carlesi, Chief Executive Officer, Revolut UK
Moderator: Yasmin Osman, Co-head banking and insurance team, Handelsblatt
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took pla...
- Title
- Keynote speech by Paschal Donohoe | 6th ECB Forum on Banking Supervision
- Runtime
- 27:32
- Date posted
- 7 months ago
- Description
- Keynote speech by Paschal Donohoe (President, Eurogroup) on the 2nd day of the Sixth ECB Forum on Banking Supervision.
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions from the conference: https://studio.youtube.com/playlist/PLnVAEZuF9FZntfWjUXWUomE2ws12ca_6I/edit
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
- Title
- Resilience in action: from setbacks to strengths| 6th ECB Forum on Banking Supervision
- Runtime
- 1:01:03
- Date posted
- 7 months ago
- Description
- Banks have faced a series of challenges in recent years but have remained remarkably adaptable. What is the role of resilience in light of evolving risks and innovation? As new competitors and methods challenge the status quo, will there still be space for traditional banks in the future?
• Fiona Gallagher, Chief Executive Officer, Wells Fargo Bank International
• Wim Mijs, Chief Executive Officer, European Banking Federation
• Charlotte Gerken, Executive Director for UK Deposit Takers Supervision, Bank of England
Moderator: Pedro Machado, Member of the Supervisory Board of the ECB
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the pr...
- Title
- Private and public value: the two faces of banking | 6th ECB Forum on Banking Supervision
- Runtime
- 42:00
- Date posted
- 7 months ago
- Description
- What is the public good of banking and banking supervision? Is there a trade-off between shareholder value and the wider public interest? How does the creation of private value in banking align with the public interest? What roles do regulation and supervision play in maintaining a balance?
• Richard Gnodde, Vice Chairman, Goldman Sachs
• Jella Benner-Heinacher, President, Better Finance
Moderator: Naomi Lloyd, TV journalist
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions...
- Title
- Climate and nature on the brink: what does it mean for banks? | 6th ECB Forum on Banking Supervision
- Runtime
- 1:02:23
- Date posted
- 7 months ago
- Description
- How have banks progressed in identifying, quantifying and managing the risks stemming from the climate and nature crises? How do ever more frequent extreme weather events and the degradation of ecosystem services affect the risks that banks are facing? What is the role of transition plans and transition finance going forward?
• Patrick Amis, Director General, European Central Bank
• Michala Marcussen, Group Chief Economist, Société Générale
• Kevin Stiroh, former Executive Vice President, Federal Reserve Bank of New York
Moderator: Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How...
- Title
- When uncertainty is certain: strategies for banks | 6th ECB Forum on Banking Supervision
- Runtime
- 1:03:31
- Date posted
- 7 months ago
- Description
- Business life has become more uncertain. Banks and supervisors must keep pace with various global dynamics, but staying the course is challenging when conditions are changing fast. What are the main disruptors and challenges for banks right now? What is driving the disruption: geopolitics, climate change, artificial intelligence, cyber security? What strategies should banks pursue to remain competitive, sound and stable?
• Andrea Orcel, Group Chief Executive Officer, UniCredit
• Sharon Donnery, Member of the Supervisory Board of the ECB
• Britta Schmidt, Senior Analyst, Autonomous
Moderator: Nicholas Comfort, Finance reporter, Bloomberg
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncerta...
- Title
- Opening speech | 6th ECB Forum on Banking Supervision
- Runtime
- 23:50
- Date posted
- 7 months ago
- Description
- Opening speech by Claudia Buch, Chair of the Supervisory Board of the ECB at the Sixth ECB Forum on Banking Supervision 2025.
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions from the conference: https://studio.youtube.com/playlist/PLnVAEZuF9FZntfWjUXWUomE2ws12ca_6I/edit
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
- Title
- Sixth ECB Forum on Banking Supervision 2025 | Day 2
- Runtime
- 3:42:01
- Date posted
- 8 months ago
- Description
- Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference will take place on 13 and 14 November 2025 in Frankfurt am Main.
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
- Title
- Like cash, but digital: the facts behind the digital euro
- Runtime
- 31:06
- Date posted
- 8 months ago
- Description
- Our payment habits are changing. With digital payments on the rise, we need to preserve people’s freedom to choose how to pay: there’s cash, card, online transfers – and soon, we could have a digital euro.
But what is the digital euro, and how will it work? Will it replace cash? Concerns about data security and government control have sparked debate around the digital euro, often fuelled by disinformation.
We separate fact from fiction as our host Stefania Secola teams up with Aidas Palubinskas from EU Finance Podcast to speak to Executive Board member Piero Cipollone about modernising our money.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Recorded on 4 November 2025 and published on 13 November 2025.
In this episode:
02:18 The digital what?
What is the digital euro, and how will it work in practice? Don’t we already pay digitally?
13...
- Title
- Sixth ECB Forum on Banking Supervision 2025 | Day 1
- Runtime
- 6:27:14
- Date posted
- 8 months ago
- Description
- Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference will take place on 13 and 14 November 2025 in Frankfurt am Main.
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
- Title
- Monetary Innovation and Financial Architecture | Money Markets Conference 2025
- Runtime
- 52:15
- Date posted
- 8 months ago
- Description
- Session 4 on non-banks at the 2025 Money Markets conference.
Monetary Innovation and Financial Architecture
• Presenter: Franklin Allen, Imperial College London
• Ansgar Walther, Imperial College London
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- Bank Regulation and Monetary Policy | Money Markets Conference 2025
- Runtime
- 59:28
- Date posted
- 8 months ago
- Description
- Session 4 on non-banks at the 2025 Money Markets conference.
Bank Regulation and Monetary Policy: the Role of Non-Bank Financial Institutions
Presenter: Gabriele La Spada, Federal Reserve Bank of New York
Gara Afonso, Federal Reserve Bank of New York
Marco Cipriani, Federal Reserve Bank of New York
Discussant: Yiming Ma, Columbia Business School
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- From Purchases to Exit - Central Bank Interventions | Money Markets Conference 2025
- Runtime
- 46:45
- Date posted
- 8 months ago
- Description
- Session 1 on central bank operations and balance sheet at the 2025 Money Markets conference.
From Purchases to Exit - Central Bank Interventions in Corporate Debt Markets
• Presenter: Johannes Breckenfelder, European Central Bank
• Glenn Schepens, European Central Bank
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- A Tale of Demand and Supply for Central Bank Reserves | Money Markets Conference 2025
- Runtime
- 45:33
- Date posted
- 8 months ago
- Description
- Session 1 on central bank operations and balance sheet at the 2025 Money Markets conference.
A Tale of Demand and Supply for Central Bank Reserves
• Presenter: Sriya Anbil, Federal Reserve Board
• Sebastian Infante and Zeynep Senyuz, both Federal Reserve Board
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- Market Panel | Money Markets Conference 2025
- Runtime
- 1:05:19
- Date posted
- 8 months ago
- Description
- Market panel at the 2025 Money Markets conference. Chair: Imène Rahmouni-Rousseau, European Central Bank.
Panellists:
• Loubna Moudanib, Credit Research Manager, Vanguard
• Nicolas Pillet, Head of ALM Treasury, BNP Paribas
• Sören Radde, Head of European Economic Research, Point 72
• Victoria Saporta, Executive Director of the Markets Directorate, Bank of England
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- Theory and Practice of Monetary Policy Implementation | Money Markets Conference 2025
- Runtime
- 55:34
- Date posted
- 8 months ago
- Description
- Keynote speech on Theory and Practice of Monetary Policy Implementation by John Williams, President and Chief Executive Officer at the Federal Reserve Bank of New York, on day two of the 2025 Money Markets conference.
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- Demand Driven Risk Premia in FX and Bond Markets | Money Markets Conference 2025
- Runtime
- 46:32
- Date posted
- 8 months ago
- Description
- Session 3 on global funding and spillovers at the 2025 Money Markets conference.
Demand Driven Risk Premia in FX and Bond Markets
• Presenter: Ingomar Krohn, Bank of Canada
• Andreas Uthemann, Rishi Vala and Jun Yang, all Bank of Canada
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- Synthetic Dollar Funding | Money Markets Conference 2025
- Runtime
- 52:56
- Date posted
- 8 months ago
- Description
- Session 3 on global funding and spillovers at the 2025 Money Markets conference.
Synthetic Dollar Funding
• Presenter: Umang Khetan, University of Iowa
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- Treasury Market Dysfunction and the Role of the Central Bank | Money Markets Conference 2025
- Runtime
- 1:04:24
- Date posted
- 8 months ago
- Description
- Keynote speech on Treasury Market Dysfunction and the Role of the Central Bank by Jeremy Stein, Moise Y. Safra Professor of Economics at Harvard University, at the 2025 Money Markets conference.
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- Securities Losses, Interbank Markets, & Monetary Policy Transmission | Money Markets Conference 2025
- Runtime
- 49:22
- Date posted
- 8 months ago
- Description
- Session 2 on repo markets at the 2025 Money Markets conference.
Securities Losses, Interbank Markets, and Monetary Policy Transmission - Evidence from the Eurozone
• Presenter: Dominik Supera, Columbia Business School
• Mariassunta Giannetti, Stockholm School of Economics
• Martina Jasova, Columbia University
• Caterina Mendicino, European Central Bank
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- The International Dimension of Repo - Five New Facts | Money Markets Conference 2025
- Runtime
- 50:17
- Date posted
- 8 months ago
- Description
- Session 2 on repo markets at the 2025 Money Markets conference.
The International Dimension of Repo - Five New Facts
• Presenter: Felix Hermes, Goethe University Frankfurt and European Central Bank
• Maik Schmeling, Goethe University Frankfurt
• Andreas Schrimpf, Bank for International Settlements
Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt
- Title
- Welcome and Opening remarks | Money Markets Conference 2025
- Runtime
- 35:08
- Date posted
- 8 months ago
- Description
- Welcome address by Imène Rahmouni-Rousseau, European Central Bank, on the first day of the 2025 Money Markets conference.
Opening remarks by Isabel Schnabel, Member of the Executive Board at the European Central Bank, on the first day of the 2025 Money Markets conference.
The conference will discuss the ongoing adjustments in money markets as they adapt to smaller central bank balance sheets, evolving operational frameworks for monetary policy implementation, and the increasing role of non-bank financial intermediaries.
See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html
- Title
- ECB Conference on Money Markets 2025 - Day 2
- Runtime
- 4:31:16
- Date posted
- 8 months ago
- Description
- The annual ECB Conference on Money Markets brings together academics, market practitioners, and central bankers for in-depth discussions on money markets, monetary policy implementation, and central bank operational frameworks. Through a combination of research presentations, insights from market participants, and high-profile keynote speeches, the conference aims to advance our understanding of money markets and monetary policy transmission.
In 2025, the ECB Conference on Money Markets will discuss the ongoing adjustments in money markets as they adapt to smaller central bank balance sheets, evolving operational frameworks for monetary policy implementation, and the increasing role of non-bank financial intermediaries.
- Title
- ECB Conference on Money Markets 2025 - Day 1
- Runtime
- 9:11:05
- Date posted
- 8 months ago
- Description
- The annual ECB Conference on Money Markets brings together academics, market practitioners, and central bankers for in-depth discussions on money markets, monetary policy implementation, and central bank operational frameworks. Through a combination of research presentations, insights from market participants, and high-profile keynote speeches, the conference aims to advance our understanding of money markets and monetary policy transmission.
In 2025, the ECB Conference on Money Markets will discuss the ongoing adjustments in money markets as they adapt to smaller central bank balance sheets, evolving operational frameworks for monetary policy implementation, and the increasing role of non-bank financial intermediaries.
