The Comprehensive Assessment, the ECB’s New Role and Limits of a Common Supervision in the European Union

High level joint conference with an outstanding program in Berlin. The conference was organised by Financial Risk and Stability Network. Participation was without fees but restricted on confirmed registration.

  Program 2014 (pdf)
  Speakers 2014 (pdf)


09:00  Opening
Martin Aehling, Head, Financial Risk and Stability Network


09:15  Keynote
A Credible Case for Resolving through Bankruptcy

Thomas Hoenig, Vice Chairman,
Federal Deposit Insurance Corporation


10:00  Panel I
The Comprehensive Assessment:
Implications and Consequences

–   Have Asset Quality Review and Stress Test been successful?
–   How resilient is the European Banking System today?
–   Is the European Central Bank a Credible Supervisor?

Prof. Mathias Dewatripont, Vice Governor,
National Bank of Belgium
Andrea Enria, Chairperson, European Banking Authority
Sylvie Matherat, Global Head of Government and
Regulatory Affairs, Deutsche Bank
Dr. Natacha Valla, Deputy Director, CEPII
Moderation: Prof. Henrik Enderlein, Director, Jacques Delors
Institute Berlin, and Professor at Hertie School of Governance

11:00  Coffee


11:30  Panel II
Limits of a Common Supervision in the EU

–   How important is the Conflict between Monetary Policy and Supervision?
–   Is the Focus on Big Banks sufficient?
–   How precisely should the Supervisory Framework function?
–   How can it take into account National Differences?

Costanza Bufalini, Head of European and Regulatory Affairs, UniCredit
Dr. Elke König, President,
German Federal Financial Supervisory Authority
Dr. Jukka Vesala, Director General Micro-Prudential Supervision III,
Single Supervisory Mechanism, European Central Bank
Dr. Jeromin Zettelmeyer, Director General for Economic Policy,
German Federal Ministry for Economic Affairs and Energy
Moderation: Prof. Marcel Fratzscher, President,
German Institute for Economic Research – DIW Berlin


12:30  Lunch


13:30  Panel III
Recapitalisation, Restructuring or Resolution:
What to do and how?

–   How can Banks be re-capitalised best?
–   How to deal with Systemic Banking Crisis in the new Banking Union?
–   Does Europe need more Bank Consolidation and Restructuring?

Prof. Arnoud Boot, University of Amsterdam,
ESRB Scientific Advisory Committee
Prof. Charles Goodhart, Financial Markets Group,
London School of Economics
Andrew Gracie, Executive Director Resolution,
Bank of England
Dr. Levin Holle, Director General, Financial Markets Policy Department,
German Federal Ministry of Finance
Moderation: Dr. Guntram Wolff, Director, Bruegel


14:30  Panel IV
To a Workable Banking Union:
The Interplay of Powers and Politics

–   Will Banking Nationalism still prevail and how strong will it be?
–   How independent can the Resolution Authority act?
–   How questionable is the Way of Intergovernmental Arrangements?

Markus Ferber, CSU/EVP, Member of the European Parliament
Sven Giegold, The Greens, Member of the European Parliament
Dr. Dierk Hirschel, Chief Economist, German United Services Union Verdi
Thomas Wieser, President, Euro Working Group, and Chairman,
EU Economic and Financial Committee
Moderation: Mark Schieritz, Economic Policy Correspondent, Die Zeit

15:30  Coffee


16:00  Keynote
On a Sound and Growth-Enhancing Financial Sector in Europe

Erkki Liikanen, Governor,
Bank of Finland


16:45  Panel V
The New Financial Order:
Unfinished Issues and Constituents of a Fair Financial System

–   Too Big Too Fail: How to deal with Implicite State Guarantees?
–   Bank State Nexus: How to solve an Unfortunate Liaison?
–   Lacking Fairness: How to better balance Risk and Benefits?

Aerdt Houben, Division Director Financial Stability,
Dutch Central Bank
Dr. Maria Nieto, Associate to the Director General of Banking
Regulation and Financial Stability, Bank of Spain
Paulina Przewoska, Senior Policy Analyst, Finance Watch
Nicolas Véron, Senior Fellow, Bruegel
Dr. José Vinals, Director of the Monetary and Capital Markets Department,
International Monetary Fund
Moderation: Prof. Jörg Rocholl, President,
ESMT European School of Management and Technology


17:50  Closing
Organiser & Co-Organisers

18:00  Get together