When considering the title for our discussion, “capitalising on opportunities in Europe’s financial markets,” my thoughts on the opportunities available are that there are steps that can be taken in the evolution of the European financial system to ensure we have a resilient financial system that can serve households and businesses both in good times and in bad.
Central banks and regulators play a key role here, as a key foundation of that is an effective regulatory and supervisory framework, that supports confidence in the functioning of the financial system and markets.