Financial systems today sit at the core of Europe’s capacity to finance transformation, absorb shocks and allocate capital toward long-term strategic priorities. In an environment shaped by monetary realignment, fiscal constraints and shifting investor expectations, the role of banks and capital markets is being fundamentally re-examined. This session brings together leading voices from central banking and financial institutions to discuss the evolving architecture of European financial stability, the balance between regulation and competitiveness, and the mechanisms required to ensure that capital flows effectively toward productive investment and sustainable growth. Attention will be given to the interplay between macroeconomic governance and financial sector resilience in an increasingly complex global context.