Page 44 - 期货和衍生品行业监管动态（2024年9月刊）

期货和衍生品行业监管动态

? 金融机构和监管机构应继续警惕通胀对产品开发的影响；

? 金融机构和监管机构应警惕可能由网络风险引发的操作和金融稳定风险，

例如 7 月一家广泛使用的网络安全公司软件更新失败导致的全球 IT 中断

事件。

ESAs Warn of Risks from Economic and Geopolitical Events（2024/9/10）

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs)

today issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities

in the EU financial system. The Report underlines ongoing high economic and

geopolitical uncertainties. The ESAs warn national supervisors of the financial

stability risks stemming from these uncertainties and call for continued vigilance from

all financial market participants. For the first time, the Report also includes a

cross-sectoral deep dive into credit risks in the financial sector.

The continued decline of inflation in late 2023 and early 2024 has led central

banks to begin the shift towards looser monetary policy. Financial markets performed

strongly in anticipation of future rate cuts and an improving macroeconomic outlook,

save for the short-lived but sharp equity price dip in August. Considerable

uncertainties, nonetheless, remain regarding the future path of the global economy,
inflation and monetary policy and the interplay of these factors across different

jurisdictions.

Amid ongoing geopolitical developments, such as the Russian aggression against

Ukraine, the war in the Middle East and elections in the European Union and the

United States, there is potential for sudden shifts in the economic outlook and market

expectations. High market volatility in August provided a glimpse of the continued

potential for sudden shifts in outlook and market expectations. In sum, the highly

uncertain current environment continues to present material financial stability and

operational risks that necessitate vigilance from all financial market participants.

33