ECB Research Bulletin by Stefano Corradin, Alessandro Fontana, Christian Kubitza and Angela Maddaloni. Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb251120~d4d50e9bd2.en.html
The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience. The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.
Europe’s economy is holding steady—but global trade tensions, inflation, investment trends, and jobs will determine how 2026 unfolds.
Here’s the full Economic Forecast explained in under 60 seconds.
Growth, inflation cooling to 2%, strong employment, improving purchasing power…
But as we flip the coin for 2026—where will Europe’s economy land?
#economy #EUforecast #Brussels #economicoutlook #2026forecast #ECforecast #inflation #growth
Source: United Kingdom UK House of Lords (video statements)
Security, defence, Russia and China in the latest episode of Lord Speaker’s Corner as former Nato Secretary General Lord Robertson of Port Ellen and former First Sea Lord and Security Minister Lord West of Spithead join Lord McFall of Alcluith.
🎧 📺 Listen or watch now: search ‘House of Lords Podcast’ on YouTube or wherever you get your podcasts.
Geopolitics have a profound impact on banking and banking supervision. Does the reality of global conflict render international coordination a relic of the past? Will there be a race to the bottom when it comes to regulation and supervision? How can banks respond to a potentially widespread and unprecedented loss of predictability?
• Claudia Buch, Chair of the Supervisory Board of the ECB
• Erik Thedéen, Chair, Basel Committee on Banking Supervision
• Daniel Pinto, Vice Chairman, JPMorgan Chase
Moderator: Martin Arnold, Financial regulation editor, Financial Times
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions from the conference: https://studio.youtube.com/playlist/PLnVAEZuF9FZntfWjUXWUomE2ws12ca_6I/edit
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, on the 2nd day of the Sixth ECB Forum on Banking Supervision.
What, if anything, is holding banks back from engaging more in digitalisation and AI? Outdated IT systems weigh on strategy execution, while regulation and supervision race to keep pace with new risks. Will digitalisation drive innovation – or expose vulnerabilities?
• Ray Pinto, Senior Director, DigitalEurope
• Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority
• Francesca Carlesi, Chief Executive Officer, Revolut UK
Moderator: Yasmin Osman, Co-head banking and insurance team, Handelsblatt
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions from the conference: https://studio.youtube.com/playlist/PLnVAEZuF9FZntfWjUXWUomE2ws12ca_6I/edit
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
What, if anything, is holding banks back from engaging more in digitalisation and AI? Outdated IT systems weigh on strategy execution, while regulation and supervision race to keep pace with new risks. Will digitalisation drive innovation – or expose vulnerabilities?
• Ray Pinto, Senior Director, DigitalEurope
• Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority
• Francesca Carlesi, Chief Executive Officer, Revolut UK
Moderator: Yasmin Osman, Co-head banking and insurance team, Handelsblatt
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions from the conference: https://studio.youtube.com/playlist/PLnVAEZuF9FZntfWjUXWUomE2ws12ca_6I/edit
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
Keynote speech by Paschal Donohoe (President, Eurogroup) on the 2nd day of the Sixth ECB Forum on Banking Supervision.
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions from the conference: https://studio.youtube.com/playlist/PLnVAEZuF9FZntfWjUXWUomE2ws12ca_6I/edit
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
Banks have faced a series of challenges in recent years but have remained remarkably adaptable. What is the role of resilience in light of evolving risks and innovation? As new competitors and methods challenge the status quo, will there still be space for traditional banks in the future?
• Fiona Gallagher, Chief Executive Officer, Wells Fargo Bank International
• Wim Mijs, Chief Executive Officer, European Banking Federation
• Charlotte Gerken, Executive Director for UK Deposit Takers Supervision, Bank of England
Moderator: Pedro Machado, Member of the Supervisory Board of the ECB
Every two years the Forum brings together high-level policymakers, academics, financial executives and experts to exchange views on current developments in banking and supervision.
What disruptors are challenging our status quo, and how should banks respond to prevalent uncertainty? How are geopolitics shaping the financial sector? Have a look at the programme and join inspiring discussions.
The conference took place on 13 and 14 November 2025 in Frankfurt am Main.
Watch all sessions from the conference: https://studio.youtube.com/playlist/PLnVAEZuF9FZntfWjUXWUomE2ws12ca_6I/edit
See the conference programme here:
https://www.bankingsupervision.europa.eu/press/conferences/html/20251113_6th_ECB_Forum_Banking_supervision.en.html
