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Lagarde: Euro area must adapt to trade shocks with agility and policy flexibility

At the Bank of Finlands International Monetary Policy Conference, ECB President Christine Lagarde underscored the growing importance of geoeconomics in shaping monetary policy, noting that trade wars and geopolitical tensions now significantly influence economic outcomes. She highlighted that despite unprecedented US tariffs on European exports, the euro area has avoided major supply chain disruptions, partly […]

ECBs Cipollone: Central bank money must innovate to remain a stabilizing anchor in the digital era

In a keynote at the Deutsche Bundesbank ahead of the Sibos conference, ECB Executive Board member Piero Cipollone emphasized that central bank money must stay technologically advanced to maintain trust and financial stability. He highlighted that digitalisation and tokenisation are transforming retail, wholesale, and cross-border payments, creating both opportunities and risks.

Securitisation in the EU: Safer, Simpler, but to Be Used with Caution

Pedro Machado, Member of the ECB Supervisory Board, delivered a keynote on EU securitisation at the European Financial Institutions Conference in Frankfurt on 30 September 2025. Titled Securitisation: You Can Never Tranche the Same Portfolio Twice, his speech outlined the evolution, benefits, risks, and future outlook of EU securitisation markets.

Digital euro: safeguarding Europes freedom, autonomy, and resilience

At the Baltic digital euro conference in Tallinn on 29 September 2025, Piero Cipollone, Member of the Executive Board of the European Central Bank (ECB), emphasized the strategic importance of the digital euro for Europes economic and financial sovereignty. He described the euro as more than a currencya symbol of unity, shared destiny, and stabilityand […]

Christine Lagarde: This time is never different safeguarding financial stability

In her opening speech at the 10th ECB Annual Research Conference, Christine Lagarde, President of the European Central Bank, stressed that despite constant transformation in the financial system, the nature of risks does not change old problems reappear in new forms. The conference, co-organised with Stanfords Hoover Institution, is provocatively titled The Next Financial […]

Christine Lagarde: Europe must reinvent strategic balance in an age of system power

At the Conversations pour demain event marking the 25th anniversary of Institut Montaigne, ECB President Christine Lagarde argued that independence in todays interconnected world depends less on military or regulatory strength alone and more on mastering system power the ability to manage dependencies created by global infrastructures and technologies.