On Tuesday 10 March, the European Commission’s Financial Services Department (DG FISMA) published a report addressed to the European Parliament and the Council of the EU on the current state of preparedness of the EU’s financial sector. The Commission considers that the sector is generally resilient in the face of crises, but recommends that the European framework should continue to be adapted to deal with growing threats, particularly geopolitical, IT and climate-related.
According to...