However, we need to move fast to ensure that the European capital market can best contribute to the financial effort needed to successfully tackle the climate and digital innovation challenges, against a backdrop of enhanced financial stability.
Lastly, the importance of completing the banking union cannot be ignored, by revising the current crisis management framework to make it faster and more effective, and by establishing a single deposit guarantee scheme. The recent episodes of instability outside the European Union clearly  12  The Governor’s Concluding Remarks Annual Report 2022  BANCA D’ITALIA  show the importance of achieving these goals.