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Opinion

Keeping Money Safe When the Economy Gets Uncertain

Published January 20, 2026

Goal: Keep EU economy stable

The European Parliament passed a resolution that warns about economic risks and calls for stronger banking rules, better regulation of non‑bank lenders, digital security, climate checks, and support for small businesses to keep the EU economy stable.

European Parliament resolution 20 January 2026 – “Safeguarding and promoting financial stability amid economic uncertainties” (2025/2051(INI)) sets out a 2024‑2029 strategy to keep the EU’s financial system strong.

Key points

  • Risk landscape – The resolution draws on many reports (Commission, ECB, BIS, FSB, ESRB, ESMA, IMF, Draghi, Letta). It highlights threats from the global crisis, the Russia‑Ukraine war, inflation, energy volatility, trade tariffs, high sovereign debt, high asset prices, a fragile real‑estate market, cyber attacks, climate risks and the growing role of crypto‑assets.

  • Capital Markets Union (CMU) and Banking Union – A fully integrated CMU is needed to absorb shocks, boost investment and reduce fragmentation. Completing the Banking Union is a priority for deeper economic and monetary integration.

  • Macro‑prudential policy – Strengthen and simplify rules, keep Basel III implementation on track, and apply proportionality and cost‑efficiency. Money‑market funds must be re‑regulated to meet international standards.

  • Non‑bank financial intermediaries (NBFIs) – NBFIs hold about 40 % of EU financial assets and are increasingly important for credit, real‑estate, sovereign bonds and supply‑chain finance. They need tighter oversight, especially in family offices and supply‑chain finance.

  • Liquidity and margining – Better tools are required to manage liquidity shocks from margin calls, and clearing infrastructure must be resilient and less dependent on non‑EU CCPs.

  • Digital resilience – The Digital Operational Resilience Act, MiCAR for crypto and stablecoins, and cyber‑security measures are essential. The EU must monitor dependencies on non‑EU digital service providers.

  • Supervisory coherence – Improve data sharing, stress testing, crisis management, and the Single Resolution Mechanism. The ECB should remain an independent lender of last resort.

  • International cooperation – Work closely with the IMF, Basel Committee, BIS and FSB to address cross‑border risks.

The resolution is forwarded to the Council and the Commission for action.

Licensing: The summaries on this page are available under Creative Commons Attribution 4.0 (CC BY 4.0).

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