When debating the merits of new subsidies, we should also bear in mind the funding that is already available: the EU (European Union)’s NextGenerationEU programme has € billion it can hand out up to 2027. A minimum of 37% of expenditure is to be channelled into the green transition.
"The marrying of microand macro-prudential analysis", as BIS General Manager Andrew Crockett once put it, allows us to exploit synergies of monetary policy and financial supervision. In the field of financial regulation, the EU is currently deliberating whether to introduce the “Lamfalussy model”, which is now applied in securities regulation in the banking and insurance sectors as well.