CONNECTING PEOPLE

FINANCIAL STABILITY CONFERENCE 2019

The report of the conference is available for download:  FSC 2019 – Report
Summaries of the speeches and discussions separately via the page  ‘posts’
Most of the relating research workshop policy papers via the page  ‘research

Information FINANCIAL STABILITY CONFERENCE:

EU between Regress and Progress: How to cope with National Banking Policies, Single Market Deficiencies and the unsolved Sharing Issue
– Political dynamics and their repercussions on regulatory and institutional settings


 

Inspiring high-profile public conference with a most topical program in Berlin. The organisers took a foremost policy-oriented stance to discuss some of the most crucial issues lying ahead. Central questions were:

  • how current changes in the political landscape impact financial markets integration and resilience,
  • the implications of surging national banking policies on competition, harmonisation and diversity,
  • how to tackle obstacles, legal constraints and policy interferences to bank resolution, and
  • how to achieve common grounds on instruments, frameworks and procedures as regards risk sharing.

Download program-pdf

28 October 2019 at ESMT Berlin

08:15  –  09:00 h  check-in
09:00  –  18:10 h  conference
18:10  –  19:00 h  get together
registration information


Speeches:

Address
Matthias Kollatz, Senator for Finance, Berlin

Opening Speech
Martin Hellwig, Director (em.), Max Planck Institute for Research on Collective Goods

Impulse Speech
Sebastiano Laviola, Board Member, Single Resolution Board


Agenda | Program schedule:


08:15  Check-in  |  Coffee

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09:00  Opening

Martin Aehling, Director, Financial Risk and Stability Network

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09:15  Address

Matthias Kollatz, Senator for Finance, Berlin

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09:30  Opening Speech
Governments, Banks and the Monetary Union

Martin Hellwig, Director (em.), Max Planck Institute for Research on Collective Goods

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10:00  Panel  I  –  Discussion
National Banking Policies and the new EU Political Landscape: Stuck between Reform Ambitions and Disintegration Tendencies

–   Lost in Frustration: The Implications of EP Elections and Brexit on EU financial Integration
–   Lost in Temptations: Promoting ‚Champions‘ and puzzling Calls for ‚pan-european Banks‘
–   Lost in Sheltering: State Interferences and the Protection of national Banking Eco-Systems
–   Uneven Policies: Regulatory Ring-Fencing and the Use of Options and National Discretions

Arnoud Boot, Professor of Corporate Finance and Financial Markets, University of Amsterdam
Karin Dohm, Global Head of Government and Regulatory Affairs and Group Structuring, Deutsche Bank
Giorgio Gobbi, Head of the Financial Stability Directorate, Bank of Italy
Korbinian Ibel
, Director General Microprudential Supervision IV, European Central Bank
Christian Stiefmüller, Senior Adviser, Policy Research and Analysis, Finance Watch
Moderation:  Elena Carletti, Professor of Finance, Bocconi University

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11:15    Coffee

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11:45  Panel  II  –  Discussion
Between Wishful Thinking and Feasibility: How to remove Obstacles to True Competition and a Common Beneficial Single Market

–   Reasonings: Logic and Benefits of an Integrated Financial Market in the EU
–   How did we get here? From the Treaty of Rome to the European Banking Union
–   Taking stock: What are the Remaining Practical Hurdles to Further Integration?
–   Action: What Steps are Needed to achieve a Fully Integrated Financial Market?

Ashok Vir Bhatia, Deputy Chief of the Euro Area Unit, International Monetary Fund
Peter Grasmann, Head of the EU/Euro Area Financial System Unit, European Commission
Karel Lannoo, Chief Executive Officer, CEPS
Aurelio Maccario, Executive Vice President and Head of Group Regulatory Affairs, UniCredit
Michala Marcussen, Group Chief Economist and Head of Economic and Sector Research, Société Générale
Moderation:  Jörg Rocholl, President, ESMT Berlin

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13:00    Lunch

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14:00  Panel  III  –  Impulse

Sebastiano Laviola, Board Member, Director of Strategy and Policy Coordination, Single Resolution Board

14:15  Panel  III  –  Discussion
Making Resolution Work: How to deal with Legal Loopholes, Institutional Implementation Challenges and Impediments to Practice

–   Application Constraints: No-Creditor-Worse-off, Bail-in Cascade and Lawsuits
–   Credibility of Bail-in: Can it be properly applied before Believe fades away?
–   Liquidity in and after Resolution: Provisions for restoring Market Confidence?
–   Challenges as regards the Application of MREL and Impediments to Resolution

Cristina Dias, Parliamentary Research Administrator, European Parliament
Sebastiano Laviola, Board Member, Director of Strategy and Policy Coordination, Single Resolution Board
Sven Schelo, Parnter, Linklaters
Reto Schiltknecht, Head of International Affairs and Policy Issues, Recovery and Resolution Division, FINMA
Carola Schuler, Managing Director, Financial Institutions Group, Moody’s
Moderation:  Luís Silva Morais, Professor of Law, University of Lisbon

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15:30    Coffee

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16:00  Panel  IV  –  Impulses
16:30  Panel  IV  –  Discussion
Risk Sharing in the EU: How to ensure Common Grounds on Adequate Instruments, Institutional Frameworks and Appropriate Procedures

–   What Kind of Institutional Designs create the Right Incentives and Market Discipline to make Risk-Sharing Acceptable and Sustainable?
–   Any Discrepancies between Real and Perceived Redistributive Impact of Risk-Sharing Arrangements?
–   Implicit versus Explicit Risk Sharing: How much Risk-Sharing is already embedded in the Existing Framework?
–   North-South Perceptions: How to find Fair Responses to Burden Sharing and Crisis Management Procedures

Stefano Cappiello, Director General, Banking and Financial System – Legal Affairs, Italian Ministry of Finance
Bertrand Dumont, Deputy Director General of the Treasury, French Ministry for the Economy and Finance
Levin Holle, Director General Financial Markets Policy, German Federal Ministry of Finance
Nicoletta Mascher
, Head of Banking, European Stability Mechanism
Emiliano Tornese, Deputy Head, Resolution and Crisis Management Unit, European Commission
Moderation:  Nicolas Véron, Senior Fellow, Bruegel and Peterson Institute for International Economics

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18:00   Closing

The organisers

18:10   Get together

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Information Financial Stability Conference 2018:

⇒  Financial-Stability-Conference-2018_Program
⇒  Financial-Stability-Conference-2018_REPORT

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