Monetary Policy Making and Financial Markets
We address monetary policy instruments for supporting effective monetary transmission mechanisms and ensuring financial market liquidity. We discuss monetary policy implementation procedures, especially in the context of the Eurosystem framework. In addition, our attention goes to financial market infrastructures as supporting elements for development of financial markets. We address payment and settlement systems and their compliance with the latest guidelines and standards to support efficient and safe financial intermediation. Having in mind rapid technological advancements and new emerging actors in financial markets, we focus on financial technologies (fintech, big tech), crypto assets, and (central bank) digital currencies. We provide opportunities to exchange practices on fostering financial inclusion and access to finance.
To support the dissemination of regional knowledge and expertise on the topic, we will look into the recent developments on financial innovation and find regional practices that will be further shared. To address the rising risks in the digital world that the payment systems and payments are facing, we will devote more attention to the cyber security of payment and settlement systems and their oversight, gathering together experts from the field of cyber security as well as those on the financial market infrastructure.