Central Bank of Malta public lecture by Sabine Lautenschläger
Last week, the Central Bank of Malta hosted a public lecture on the area of financial stability by Sabine Lautenschläger. Ms Lautenschläger chose the theme Guardians of stability – central banks, supervisors and the quest for financial stability.
A member of the Executive Board of the European Central Bank and vice-chair of the Supervisory Board of the Single Supervisory Mechanism, Ms Lautenschläger offered insights from her experience as a central banker and banking supervisor to explain what central banks can, or cannot do to maintain financial stability.
Starting off from a historical perspective, she walked the audience through the complex relationship between price stability and financial stability. Jumping back to the present, she also touched on the ECB’s macro-prudential and micro-prudential competences and on their potential to contribute to financial stability.
Welcoming participants to the lecture, Dr Pauline Lanzon, the Central Bank of Malta’s head of Legal Department, gave a brief commentary on the resilience of the Maltese financial system during the global financial crisis and the need to balance the opportunities stemming from digital innovation with the necessary regulatory requirements to maintain such resilience.
Ms Lautenschläger’s delivery was part of a series of public lectures by leading international scholars and experienced practitioners hosted by the Central Bank of Malta.