Reports on Mario Draghi See all

Former head of the International Monetary Fund (IMF) Christine Lagarde became President of the ECB in the fall of 2020

GIS Dossier: The shifting grounds of EU banking rules and supervision

Bank regulators are forced to close their eyes again to vulnerabilities that made the 2008 banking industry meltdown possible. They need to ensure that banks continue supporting the real economy during the pandemic. For instance, capital requirements are being softened and regulatory relief given so banks can lend as much as possible to the private sector. When credit risk stops being an issue, however, financial instability can follow quickly.

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