FINANCIAL STABILITY CONFERENCE 2016

organisers 2016
agenda 2016
speakers 2016
motivation
impressions
date - venue
organisers 2016
organiser:
Martin Aehling
Head, Financial Risk and Stability Network
scientific co-organisers:
Prof. Jörg Rocholl
President, ESMT Berlin
Prof. Marcel Fratzscher
President, DIW Berlin

Prof. Henrik Enderlein
Director, Jacques Delors Institut – Berlin
Dr. Guntram Wolff
Director, Bruegel
agenda 2016

How to fix the Deficiencies in the EU Financial System? Bank-State-Nexus, Business Models and the missing Level Playing Field

High level joint conference with a most topical program in Berlin. Following topics have been elaborated and discussed:

  • limiting sovereign bonds exposure,
  • banks´ business models and profitability,
  • resolvability and bail-in instruments,
  • common EU deposit insurance scheme.

The conference has been organised and coordinated by Financial Risk and Stability Network. Scientific co-organisers were ESMT Berlin, DIW Berlin, Bruegel and Jacques Delors Institut Berlin.

→  Program
→  Speakers
→  Report

08:15  Check-in

Agenda:

BANKS AND SOVEREIGNS:  THE END OF THE NEXUS?

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

___________________________________________

09:15  Address
Matthias Kollatz-Ahnen, Senator for Finance, Berlin

___________________________________________

09:30  Opening Speech
Capital, Accountability and Courage

Robert Jenkins, Adjunct Professor of Finance, London Business School, and Senior Fellow, Better Markets

___________________________________________

10:10  Panel Discussion I
Limiting Sovereign Bonds Exposure:
Feasibility, Effects and Implications

–   Easier said than done: The political Dispute on „Equitising“ Sovereigns
–   What would be the Implications of Risk Weights and Exposure Limits?
–   How to design an appropriate Regime and shape a transitional Period?
–   What would be the Effects on Public Debt, Markets and Banks‘ Viability?

Claudia M. Buch, Vice President, Deutsche Bundesbank
Mathias Dewatripont
, Executive Director, National Bank of Belgium
Dietrich Domanski
, Head of Policy Analysis, Bank for International Settlements
Roberto Gualtieri, European Parliament, Chair of ECON Committee, Member S&D
Erik F. Nielsen, Group Chief Economist and Global Head of CIB Research, UniCredit
Moderation: Jörg Rocholl, President, ESMT Berlin

11:20    Coffee

___________________________________________

11:50  Panel Discussion II
Business Models and Banks‘ Stability:
How to enhance Banks´ Resilience?

–   State of Play: Current Risks, legacy Issues and NPL in the EU Banking Sector
–   SREP and supervisory Transparency: How to better address Weaknessess?
–   Leverage Ratio: A Counter Check for the flawed Concept of Risk Weights?
–   Uneasy Interdependencies: ECB Liquidity, Funding Structures and Stability

Elena Carletti, Professor of Finance, Bocconi University
Klaus Düllmann
, Head of SSM Risk Analysis Division, DG Microprudential Supervision IV, European Central Bank
Santiago Fernández de Lis
, Head of Financial Systems and Regulation, BBVA Research
Piers Haben, Director Oversight, European Banking Authority
Constantin Sobiella, Partner, d-fine
Moderation: Dirk Schoenmaker, Senior Fellow, Bruegel

___________________________________________

13:00  Lunch

___________________________________________

HOW TO ACHIEVE A LEVEL PLAYING FIELD?
14:00  Keynote
Finance: Trade-offs among Stability, Inclusiveness and Growth?

Catherine L. Mann, Chief Economist and Head of the Economics Department, OECD

___________________________________________

14:45  Panel Discussion III
How to tackle weak and TBTF Banks?
Enabling Resolvability and Bail-in

–   How to decide on whether fragile Banks should be capitalised or resolved?
–   Challenges to Implementation: Policy and a ponderous Bail-in Mechanism
–   Cooperation, unfeasible Living Wills and Plan Execution: How to get along?
–   Bail-in of eligible Bonds: How to avoid Market Contagion for other Banks?

Andrew Gracie, Executive Director, Resolution Directorate, Bank of England
Dominique Laboureix, Board Member and Director Resolution Planning and Decisions, Single Resolution Board
Sven Schelo
, Partner, Linklaters
Mark Venus, Head of Recovery and Resolution Planning, BNP Paribas
David Walker, Secretary General, International Association of Deposit Insurers
Moderation: Isabel Schnabel, Professor of Financial Economics, University of Bonn

16:00    Coffee

___________________________________________

16:30  Panel Discussion IV
A Level Playing Field and EU-wide Deposit Insurance:
Mission impossible?

–   „Good“ Banks and „Bad“ Banks in the EU: Why is a Cleaning-up still missing?
–   How could the EU Banking System be changed to a fairer Level Playing Field?
–   Deleveraging and Risks Depression: Preconditions for introducing EDIS?
–   Completing the Banking Union: Is the Fear of a redistributive Scheme justified?

Sylvie Goulard, European Parliament, Member of ECON, Member ALDE
Levin Holle, Director General Financial Markets Policy, German Federal Ministry of Finance
Gerhard Schick, Member Deutscher Bundestag, Bündnis 90/Die Grünen
Emiliano Tornese
, Deputy Head, Resolution and Crisis Management Unit, European Commission
Vincenzo La Via, Director General of the Treasury, Italian Ministry of Economy and Finance
Moderation: Henrik Enderlein, Director, Jacques Delors Institut Berlin, and Professor of Political Economy, Hertie School of Governance

___________________________________________

17:50   Closing
Martin Aehling, Head, Financial Risk and Stability Network

18:00   Get together

speakers 2016

How to fix the Deficiencies in the EU Financial System? Bank-State-Nexus, Business Models and the missing Level Playing Field

Financial Stability Conference
3 November 2016
9 a.m. – 6 p.m. at ESMT Berlin  /  Check-in 8:15 a.m.
Participation is restricted on confirmed registration afore

Opening Speaker:

Robert Jenkins, Adjunct Professor of Finance, London Business School, and Senior Fellow, Better Markets

Keynote Speaker:

Catherine L. Mann, Chief Economist and Head of the Economics Department, OECD

Panel Participants & Speakers:

Claudia M. Buch, Vice President, Deutsche Bundesbank

Elena Carletti, Professor of Finance, Bocconi University

Mathias Dewatripont, Executive Director, National Bank of Belgium

Dietrich Domanski, Head of Policy Analysis, Bank for International Settlements

Klaus Düllmann, Head of SSM Risk Analysis Division, DG Microprudential Supervision IV, European Central Bank

Santiago Fernández de Lis, Head of Financial Systems and Regulation, BBVA Research

Sylvie Goulard, European Parliament, Member ECON, Member of ALDE

Andrew Gracie, Executive Director Resolution, Bank of England

Roberto Gualtieri, European Parliament, Chair of ECON, Member of S&D

Piers Haben, Director Oversight, European Banking Authority

Levin Holle, Director General Financial Markets Policy, German Federal Ministry of Finance

Matthias Kollatz-Ahnen, Senator for Finance, Berlin

Dominique Laboureix, Board Member and Director Resolution Planning and Decisions, Single Resolution Board

Vincenzo La Via, Director General of the Treasury, Italian Ministry of Economy and Finance

Erik F. Nielsen, Group Chief Economist and Global Head of CIB Research, UniCredit

Sven Schelo, Partner, Linklaters

Gerhard Schick, Member Deutscher Bundestag, Bündnis 90/Die Grünen

Constantin Sobiella, Partner, d-fine

Emiliano Tornese, Deputy Head, Resolution and Crisis Management Unit, European Commission

Mark Venus, Head of Recovery and Resolution Planning, BNP Paribas

David Walker, Secretary General, International Association of Deposit Insurers

Moderators:

Henrik Enderlein, Director, Jacques Delors Institut Berlin, and Professor of Political Economy, Hertie School of Governance

Jörg Rocholl, President, ESMT Berlin

Isabel Schnabel, Professor of Financial Economics, University of Bonn

Dirk Schoenmaker, Senior Fellow Bruegel, and Professor of Banking and Finance, Erasmus University Rotterdam

Bios
Claudia Buch

Claudia BuchClaudia Buch is the Vice President of the Deutsche Bundesbank. She is responsible for the Financial Stability Department, the Statistics Department and the Audit Department. Ms Buch is the accompanying person of the President of the Bundesbank on the ECB Governing Council and a member of the German Financial Stability Committe. Prior to joining the Bundesbank in May 2014, she was the President of the Institute for Economic Research in Halle, Professor of Economics at the Otto von Guericke University Magdeburg, and Professor of Economics for “International Finance and Macroeconomics” at the University of Tübingen. From 2012 to 2014 she was a member of the German Council of Economic Experts. She was Scientific Director at the Institute for Applied Economic Research of Tübingen from 2005 to 2013, and worked at the Institute for World Economics in Kiel from 1992 until 2013. Her fields of specialisation are international finance and macroeconomics, international financial markets, financial integration, business cycles and employment volatility, international banking and foreign direct investment.

Elena Carletti

Elena CarlettiElena Carletti is Professor of Finance at Bocconi University. She is also the Scientific Director of the Florence School of Banking and Finance at the European University Institute, a member of the Advisory Scientific Committee of the European Systemic Risk Board and of the Bank of Italy Scientific Committee for the Paolo Baffi Lectures. Elena Carletti is Research Fellow at CEPR, Fellow of the Finance Theory Group, Extramural fellow at TILEC, Fellow at the Center for Financial Studies, at CESifo, at IGIER and at the Wharton Financial Institutions Center. Her main research areas are financial intermediation, financial crises and regulation, competition policy and sovereign debt.

Mathias Dewatripont

Mathias DewatripontMathias Dewatripont was appointed Executive Director at the National Bank of Belgium in May 2011, where he is responsible for prudential policy and financial stability. In this capacity, he is a member of the Supervisory Board of the European Central Bank and of the Basel Committee on Banking Supervision. He co-chairs the BCBS Research Task Force. He holds a Ph.D. in Economics from Harvard University. Since 1990, he has been Professor of Economics at Université Libre de Bruxelles. He was part-time Visiting Professor at the Massachusetts Institute of Technology and Research Director of the Centre for Economic Policy Research between 1998 and 2011. Fellow of the Econometric Society, laureate of the 1998 Francqui Prize and of the 2003 Yrjo Jahnsson Prize for Economics, Mathias Dewatripont was elected President of the European Economic Association for the Year 2005. He was outside Director of CGER-Bank (1992-99) and President and then Dean of the Solvay Brussels School of Economics and Management of ULB (2009-2011). He has widely published in the areas of contract theory, organization economics and banking and finance.

Dietrich Domanski

Dietrich DomanskiDietrich Domanski is the Head of Policy Analysis in the Monetary and Economic Department at the Bank for International Settlements (BIS) in Basel. He oversees the preparation of the regular meetings of central bank governors at the BIS and of the central bank committees hosted by the BIS. Before joining the BIS in 2000, Dietrich headed the capital markets group in the Economics Department of the Bundesbank. He also worked as IMF Advisor to Bank Indonesia during the Asian crisis. At the BIS, Dietrich was in charge of the macroeconomic analysis unit (from 2005-07) and was Secretary to the Committee on the Global Financial System (CGFS) from September 2007 until August 2010. Dietrich has written on a range of monetary policy and financial stability issues.

Klaus Düllmann

Klaus DüllmannKlaus Düllmann is Head of SSM Risk Analysis Division within Directorate General Microprudential Supervision IV of the European Central Bank. Until May 2014 he was Head of Supervisory Coordination and Risk Analysis Division and Head of Banking Supervision Research in the central office of the Deutsche Bundesbank in Frankfurt. He has been involved in various working groups of the Basel Committee on Banking Supervision tasked with the development of the regulatory framework of Basel II and Basel III. He has a PhD in Finance from the University of Mannheim.

Santiago Fernández de Lis

Santiago Fernandez de LisSantiago Fernández de Lis is Head of Financial Systems and Regulation at BBVA Research. He first joined the Bank of Spain in 1986, where he held several management positions, among them Head of the Monetary and Financial Division and Director of the International Department. Between 1998 and 2000 he worked at the Bank for International Settlements in the secretariat of the Committee of the Global Financial System, before returning to the Bank of Spain. From 2007 to 2011 Santiago Fernández de Lis was partner and Director of the International Department of Afi, a consultancy and think tank. He is an economist from Autonomous University of Madrid, and was a lecturer at Charles III University of Madrid.

Sylvie Goulard

Sylvie GoulardSylvie Goulard has been a Member of the European Parliament since 2009. She is a member of the group the Alliance of Liberals and Democrats for Europe (ALDE). She is a member of the Economic and Monetary Affairs Committee (ECON), a substitute member of the Constitutional Affairs Committee (AFCO) and a member of the temporary TAX2 committee. She is president of the European Parliament Intergroup fighting against poverty which works to ensure that Europe’s most deprived persons have a voice at the European level. After her law studies, and having graduated from Sciences Po and the Ecole Nationale d’Administration, Sylvie Goulard worked as a diplomat in the French Ministry of Foreign Affairs (legal affairs department/policy planning staff) as well as at the Conseil d’Etat. Between 2001 and 2004 she worked with Romano Prodi, during his time as President of the European Commission.

Andrew Gracie

Andrew GracieAndrew Gracie is Executive Director for Resolution at the Bank of England. He has responsibility for the resolution of banks and other financial institutions subject to the UK Special Resolution Regime and for developing the Bank’s policy in this area. As part of this, Andrew represents the Bank of England in a number of international forums, such as the FSB Resolution Steering Group and chairs the FSB Cross-Border Crisis Management Group. Andrew Gracie joined the Bank of England in 1988. In previous roles he has worked in Financial Stability, Markets and Banking Supervision.

Roberto Gualtieri

Roberto GualtieriRoberto Gualtieri has been a member of the European Parliament since 2009. He is a member of the group of the Progressive Alliance of Socialists and Democrats (S&D). In July 2014, he has been elected Chair of the ECON Committee. He is also a substitute member of the Committee on Constitutional Affairs and of the Committee on Foreign Affairs. Within the EP Roberto Gualtieri held, among others, following tasks: In 2011, he has been co-rapporteur for the European Council decision amending Article 136 of the TFEU with regard to a stability mechanism for Euro Member States. In 2011, he has been member of the EP negotiating team for the establishment of the “Fiscal Compact”. In 2012, he has been appointed S&D Group coordinator for the Committee on Constitutional Affairs, and S&D negotiator in the working group on a “Genuine Economic and Monetary Union”. Roberto Gualtieri is member of the National board of the Partito Democratico (Italy) since 2008.

Piers Haben

Piers HabenPiers Haben is the Director of Oversight at the European Banking Authority (EBA). Piers leads teams responsible for the EBA’s risk infrastructure, including supervisory reporting, EU-wide stress testing and risk assessments, as well as promoting convergence of supervisory practices across the EU. Prior to joining the EBA, Piers led the UK Financial Services Authority policy work on stress testing and Pillar 2. Piers has widespread international experience including as a member of the Basel Committee’s Supervision and Implementation Group, work in the Financial Stability Forum and advising the South African Reserve Bank. Piers has previously worked at the Economist Intelligence Unit and as an Overseas Development Institute fellow and holds Masters Degrees from the Universities of Edinburgh and London.

Levin Holle

Levin HolleLevin Holle is the Head of the Financial Markets Policy Department of Germany’s Federal Ministry of Finance. His responsibilities include the formulation of policies and strategies with respect to federal credit institutions, federal debt management, financial markets (banking, insurance, investment, stock markets and securities) as well as international financial markets policy. He is also responsible for the supervision of the Financial Market Stabilisation Authority and the Federal Financial Supervisory Authority. Prior to joining the German Finance Ministry, Levin Holle worked 15 years for the Boston Consulting Group, his last position beeing Senior Partner and Managing Director of the Berlin office.

Robert Jenkins

Robert JenkinsRobert Jenkins, FSIP, is a former banker, fund manager and regulator. He is currently a teacher, board director and public policy advocate. Robert Jenkins spent 16 years running bank trading rooms followed by 18 years leading asset management organizations. At Citibank he headed trading and sales in Dubai, Bahrain, Switzerland, and Japan. In 1992, Mr. Jenkins moved from the sell side to the buy side. He served as Chief Investment Officer and Head of the asset management business of Credit Suisse in Japan and later Chief Operating Officer for Credit Suisse Asset Management’s activities in the UK, Central and Eastern Europe. In 1997, he moved to F&C Asset Management where he served for 12 years – first as CEO and then as Chairman. From 2009 until his appointment to the Bank of England, he was CEO and Managing Partner of Combinatorics Capital, a NY based global-macro investment partnership. Robert Jenkins chaired the Investment Management Association of the UK and co-Chaired, together with the Chancellor, a high level group focusing on the future of the asset management industry in Britain. During the financial crisis he served as an external member of the Financial Policy Committee of the Bank of England. Robert Jenkins is currently Adjunct Professor of Finance at London Business School. He is a Senior Fellow at Better Markets, a Governor of the CFA Institute and is a member of the supervisory board of NN Group.

Matthias Kollatz-Ahnen

Matthias Kollatz-AhnenMatthias Kollatz-Ahnen has been Senator for Finance of Berlin since December 2014. Prior to this position, he was, inter alia, member of the Executive Board of the European Investment Bank from 2006 to 12 and the Investitionsbank Hessen from 2000 to 2006, respectively. Dr. Kollatz-Ahnen also has experience in the private sector, as he was Senior Advisor on Finance and Regulation at PwC from 2012 to 14. He holds degrees in physics and economics and a doctorate in engineering.

Dominique Laboureix

Dominique LaboureixDominique Laboureix is the Director Resolution Planning and Decisions of the Single Resolution Board. As Member of the Board he is more particularly in charge of resolution planning and preparations of decisions about banking groups coming from 6 Member States of the Banking Union and 3 GSIBs. He is involved in several policy issues and chairs the Resolution Committee of the European Banking Authority. Before 2015, he was Deputy Director General in charge of the Directorate of Resolution within the ACPR and was notably responsible for the French banking institutions’ resolution planning. He has also been involved in several international committees, in particular with the Financial Stability Board and the European Banking Authority. From 2011 to 2013, he was Director of the Finance and Management Control Directorate within the French Central Bank. Previously, between 2007 and 2011, he had been Director of the Research and Policy Directorate of the ACPR.

Vincenzo La Via

Vincenzo La ViaVincenzo La Via is Director General of the Italian Treasury. He is the deputy Minister of the Economy and Finance at the G8, G20, and the International Financial and Monetary Committee. He is vice-chairman of the Financial and Economic Committee (EFC) of the European Union, chairman of the Financial Services Committee (FSC) of the European Union, chairman of the Control and Risk-Management Committees of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF). He also chairs in Italy the Advisory and Underwriting Committee for Privatisations, and the SACE Committee. He is member of the board of directors of the Cassa Depositi e Prestiti. He was Managing Director and Chief Financial Officer for the World Bank in Washington from 2005 to 2012, and Chief Financial Officer for Banca Intesa (2000-2005). Vincenzo La Via holds a degree from the University La Sapienza in Rome and a PhD in economics from the University of California, Los Angeles.

Catherine Mann

Catherine MannCatherine L. Mann is OECD Chief Economist and Head of the Economics Department since October 2014. She is responsible for advancing the Strategic Orientations of the OECD, ensures that the Department is at the forefront of economic thinking and coordinates the work of the Country and Policy Studies branches. She also contributes to the New Approaches to Economic Challenges (NAEC) and Inclusive Growth (IG) initiatives and serves as the OECD Representative at the Deputies’ meetings of the G20 Finance Track. She has enjoyed a distinguished career in the public sector and academia. Following 20-plus years in Washington DC, she was the Rosenberg Professor of Global Finance at Brandeis University and from 1997-2011 was a Senior Fellow and visiting Fellow at the Peterson Institute for International Economics. Earlier Ms. Mann served as a Senior International Economist at the US President’s Council of Economic Advisors and worked as a Special Assistant to the Vice-President for Development Economics/Chief Economist at the World Bank. She spent 13 years on the Federal Reserve Board as a Senior Economist.

Erik Nielsen

Erik NielsenErik F. Nielsen is Group Chief Economist and Global Head of CIB Research at UniCredit Bank. In this role he is responsible for forming and communicating the overall macroeconomic and policy views of UniCredit Group. Prior to joining UniCredit in September 2011, Erik Nielsen worked for 15 years as an economist at Goldman Sachs in New York and London, where his most recent role was Chief European Economist overseeing the European and CEE economics teams. Before joining Goldman Sachs he spent ten years in Washington DC working as an economist for the IMF and World Bank in various capacities, including as country economist for Russia and Turkey, and as a debt expert working on sovereign debt workouts around the world.

Sven Schelo

Sven ScheloSven Schelo is a partner at Linklaters in Frankfurt and has specialised experience in restructuring, finance and regulatory matters. As such he has advised on many of the largest European bank restructuring situations since 2007. He was a member of an expert commission, the ILEG, advising the European Commission on bank restructuring topics, and he is a member of the curatorium of the Centre for Restructuring at the University of Mannheim.

Gerhard Schick

Gerhard SchickGerhard Schick has been Member of the German Bundestag since 2005 and fiscal spokesman for the Bündnis 90/Die Grünen parliamentary group since 2007. He is deputy chair of the German Bundestag’s Finance Committee and substitute member of the Budget Committee. Gerhard Schick joined Bündnis 90/Die Grünen 1996. He was spokesman for the economics and finance working group set up by the Baden-Württemberg Land branch from 2000 to 2001 and spokesman for the equivalent working group at federal level from 2001 to June 2007. Gerhard Schick is member of the Bündnis 90/Die Grünen party council since November 2008. Further former activities include research assistant at the Walter Eucken Institute in Freiburg and at the Stiftung Marktwirtschaft in Berin as well as project manager at the Bertelsmann Foundation.

Constantin Sobiella

Constantin SobiellaConstantin Sobiella is partner at d-fine, a consultancy specialised in financial and risk management. His responsibilities include consulting corporates and banks in Europe in matters of treasury, accounting and regulatory requirements. Prior to joining d-fine in 2005, he started his professional career as an audit assistant for a tax consultancy firm.

 

Emiliano Tornese

Emiliano TorneseEmiliano Tornese is Deputy Head of the Resolution and Crisis Management Unit in the European Commission’s DG for Financial Stability, Financial Services and Capital Markets Union. In that capacity, he has been involved with the preparation and negotiation of the BRRD, and with the preparation, negotiation and launch of the Single Resolution Mechanism. He is now focusing on the implementation of the BRRD and the SRM Regulation, of the international principles concerning CCP Recovery and Resolution, and of the recommendations of the Five Presidents’ Report on a European Deposit Insurance Scheme. Emiliano Tornese previously worked for the European Commission’s Securities Markets Unit and, during his tenure, was responsible for the establishment of the European Securities and Markets Authority and for matters related to its Corporate Finance Standing Committee. As Secretary of the European Securities Committee, he coordinated the European Union’s Ministries of Finance in their regulatory capacity for financial services. He drafted and negotiated the review of the primary and secondary markets regulation and the regulation of benchmarks. He advised the European Financial Stability Facility and the European Stability Mechanism on the primary markets regulation.

Mark Venus

Mark VenusMark Venus is head of Recovery and Resolution Planning at BNP Paribas. He began his career with the Renault Group, working in their corporate and consumer finance division before joining the Compagnie Bancaire Group, where he worked in foreign currency treasury, and then spent seven years in the UK in roles covering asset securitisation and finance. He then moved within the group to BNP Paribas Lease Group in 1998, where he spent 10 years as, successively, head of multi-national partnerships and Finance Director. He moved to BNP Paribas head office in 2008, where he worked on transversal projects including the implementation of the merger with Fortis. After taking part in the initial RRP project at BNP Paribas, he was appointed head of RRP in late 2011. Mark holds a BA from the University of Bristol and an MBA from Cesma EMLyon.

David Walker

David WalkerDavide Walker was appointed to the position of Secretary General of the International Association of Deposit Insurers in the summer of 2016. He is responsible for providing leadership in the development and execution of IADI’s strategic business plans and in directing the day-to-day management of the Association. Since 2008, he has chaired the IADI Guidance Group and been Vice Chair of the IADI Research and Guidance Committee. David Walker has also been active working with Financial Stability Board (FSB) ResolutionSteering Group, and participating in the development of the FSB Key Attributes of Effective Resolution Regimes and its associated guidance. He has worked with the IMF, World Bank and the Bank for International Settlements and has provided technical assistance to over 35 jurisdictions. Prior to joining IADI, David Walker spent over 20 years with the Canada Deposit Insurance Corporation. He has also held positions with the Royal Bank of Canada and the Ministry of Finance.

Moderators
Henrik Enderlein

Henrik EnderleinHenrik Enderlein is Professor of Political Economy at the Hertie School of Governance and Director of the Jacques Delors Institut – Berlin. During the academic year 2012-13 he was the Pierre Keller Visiting Professor at Harvard Kennedy School and the Weatherhead Center of International Affairs. He holds degrees from Sciences Po, Paris, and Columbia University, New York. He prepared his PhD in Political Science at the Max Planck Institute for the Study of Societies in Cologne. From 2001-2003, he worked as an economist at the European Central Bank in Frankfurt before taking up a Junior Professorship in Economics at the Free University Berlin. In 2003, Henrik Enderlein was awarded the Max Planck Society’s Otto-Hahn Medal for outstanding achievements by young scientists. He joined the Hertie School of Governance as a member of the founding faculty in 2005. During the academic year 2006-2007, Henrik Enderlein was Fulbright Distinguished Chair at Duke University’s Political Science Department. His research is on economic policy-making, European monetary integration, fiscal federalism, financial markets and financial crises.

Jörg Rocholl

Jörg RochollJörg Rocholl, PhD, is president of ESMT Berlin and member of the economic advisory board of the German Federal Ministry of Finance. He is also research professor at the Ifo Institute in Munich and Duisenberg fellow of the European Central Bank. Jörg Rocholl graduated from the Universität Witten/Herdecke, where he earned a degree in economics (with honors). After completing his PhD at Columbia University in New York, he was named an assistant professor at the University of North Carolina at Chapel Hill. Prof. Rocholl has researched and taught at ESMT since 2007 and was appointed president of ESMT in 2011. Since 2010 he has held the EY Chair in Governance and Compliance.

Isabel Schnabel

Isabel SchnabelIsabel Schnabel has been a Professor of Financial Economics at the University of Bonn since 2015 and Member of the German Council of Economic Experts, an independent advisory body of the German government, since 2014. Moreover, she is Research Fellow at CEPR and CESifo, and Research Affiliate at the Max Planck Institute for Research on Collective Goods in Bonn. Isabel Schnabel is currently a member of the Administrative and Advisory Councils of the German Federal Financial Supervisory Authority (BaFin) and of the Advisory Scientific Committee of the European Systemic Risk Board. Her research focuses on financial stability, banking regulation, and international capital flows.

Dirk Schoenmaker

Dirk Schoenmaker is a Senior Fellow at Bruegel. He is also a Professor of Banking and Finance at Rotterdam School of Management (RSM), Erasmus University Rotterdam. He is also a member of the Advisory Scientific Committee of the European Systemic Risk Board at the ECB and a Research Fellow at the Centre for European Policy Research. He has published in the areas of central banking, financial supervision and stability, European financial integration and climate change. Dirk Schoenmaker is author of ‘Governance of International Banking: The Financial Trilemma’ and co-author of the textbook ‘Financial Markets and Institutions: A European perspective’. Before joining RSM, he was Dean of the Duisenberg School of Finance from 2009 to 2015. From 1998 to 2008, he served at the Netherlands Ministry of Finance. In the 1990s he served at the Bank of England. He is a regular consultant for the IMF, the OECD and the European Commission.

motivation
BRINGING TOGETHR REGULATORS, INDUSTRY EXPERTS, POLITICIANS, SCIENTISTS AND ORGANISATIONS
Motivation

Eight years after the financial crisis the European banking sector remains in part fragile. Slow growth, zero interest rate, troubled assets, lacking consolidation and distorted competition bear risks to financial stability in the EU. In particular, the hazardous interdependency between states and banks is not solved, despite BRRD and Single Resolution Mechanism in force.

To not fall back in crisis modus, banks´ resilience has to be enhanced and business models have to be examined with scrutiny, a focus task of the Single Supervisory Mechanism this year. One crucial aim of last years regulatory reforms has not been realched yet: To clean-up and achieve a more level playing field for financial institutions in the EU. Big banks grew even bigger, the Banking Union is still missing a testing of bail-in, and in politics national interests prevail.

The Basel Committee this year reviews the standardised and model based approach for risk weightings, thereby also presenting proposals for government bonds capital requirements. At the same time, the European Banking Authority analyses the effectiveness of the leverage ratio and will present a report. Whereas the European Commission shall outline steps to a European deposit insurance scheme, already in discussion by EU Finance Ministers.

One central question of the conference is how we shall practice financial reforms and fix deficiencies in the regulatory framework. We will critically question proposals and settings as well as supervisory practice by asking if they are sufficient and adequate under the prevailing conditions, and what else could be done to achieve a level playing field with a sound and diverse financial sector. In this respect, EDIS is a controverse aspect to be discussed.

We think that generating an open, public debate on critical issues is very reasonable and also necessary to keep on in building a more resilient financial system which which fulfills its vital functions in serving real needs, supports sustainable growth and does not play moral hazard. In this regard, the conference will give an inspiring opportunity.


The FINANCIAL STABILITY CONFERENCE is an international high-profile joint conference and a public discussion event on the EU financial reforms agenda in the center of Berlin. The program is arranged at a high-class quality level and addresses topical financial regulatory, stability and supervisory issues. The agenda is determined by the organisers.

The conference brings together different involved and interested groups as there are: regulatory and supervisory authorities, political parties and organisations, political and EU institutions, ministries, financial institutions, investors and asset managers, industry associations, consultancy, research institutions and universities, think tanks as well as from civil and public organisations and initiatives. 

impressions
date - venue
BRINGING TOGETHR REGULATORS, INDUSTRY EXPERTS, POLITICIANS, SCIENTISTS AND ORGANISATIONS
The FINANCIAL STABILITY CONFERENCE 2016 took place:
Thursday,  3 Nov. 2016,  9 a.m. – 6 p.m.  followed by a get together
>  Check-in  8:15 a.m.
at ESMT Berlin
Schlossplatz 1,  10178 Berlin  (center of Berlin “Mitte”)
General information on FRSN conferences:

Pls note:  Participation is restricted upon confirmed registration afore
Pls note:  On-site registrations are not possible and have to be refused
Pls note:  There is no right of participation, registrations may not be accepted.

Kindly inform you that for checking-in you may be asked to show a valid identity card due to organisational and security reasons.

>  How to get to ESMT Campus

The conference hall “Auditorium Maximum” has a capacity of up to 280 places.

FUNDING 2016

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FINANCIAL STABILITY CONFERENCE 2016

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d-fine

d-fine is a consulting firm with a partnership structure. The focus of our activities is on risk and financial management for banks, insurers, industrial companies and asset managers. In these areas, d-fine has established itself as a leading player within Europe. With over 600 highly trained specialists, d-fine covers the entire spectrum from strategic and process consulting to IT integration.

For further information, please visit www.d-fine.com

Linklaters

Linklaters is a leading global law firm with more than 2,600 lawyers who specialise in advising the world’s leading companies, financial institutions and governments on their most challenging transactions and assignments. With 29 offices across 20 countries in the major business and financial centres, Linklaters delivers an outstanding service to clients anywhere in the world in the core areas of corporate/M&A, litigation, capital markets, banking and structured finance. In Germany, the firm operates from Frankfurt, Germany’s key financial centre, key industrial centres of Düsseldorf and Munich and from Berlin, the nation’s capital.

For further information, please visit www.linklaters.com

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