Foundations for Innovative and Resilient Capital Markets – Opening remarks from Deputy Governor Vasileios Madouros

The speech does not introduce new binding rules, but it signals continuing supervisory and policy attention to how capital markets are constructed, connected and safeguarded. For compliance and regulatory affairs teams, the practical message is to treat market integration and operational resilience as linked governance themes rather than separate workstreams. Firms should monitor follow-up from the Central Bank of Ireland and European bodies for any concrete proposals on capital markets integration, cross-border activity, innovation and resilience.

Actionable steps include: (1) reconfirm that resilience and governance foundations remain adequate as business models and market structures evolve; (2) assess cross-border and market-integration dependencies in operational, technology and third-party arrangements; (3) ensure product innovation and capital-markets activity are supported by robust risk controls and clear accountability; and (4) brief boards and senior management on policy direction. No immediate rule changes or deadlines are announced. RegCanary treats this as a strategic signal rather than a compliance event: low urgency, but useful for horizon scanning and for challenging whether current resilience and integration assumptions remain fit for purpose.