First of all, let me take a global perspective: DORA, which forms part of the EU’s digital finance package, takes an increasingly important area of digital finance regulation to the next level. This will open up opportunities for the EU to take a leading role in the field of digital financial services. We could even enhance our digital and financial sovereignty in the EU.
Second, more and better financial integration by EMEs We all know that trade integration has enabled many EMEs to grow rapidly and accelerate their catch-up processes. I believe that financial integration can do the same for EMEs, by improving resource allocation within and across countries and offering greater liquidity and risk hedging.