CONNECTING PEOPLE
FSC 2021 | 18 Nov. 2021 | 9:00 – 17:30 CET | Berlin
The Financial Stability Conference (FSC) 2021 is scheduled to be held on 18 November 2021 in Berlin. The FSC is an open public event bringing together policy makers and experts from authorities and institutions, scientists and researchers, industry experts as well as citizens and the interested public in a critical in-depth full-day discussion format. The conference is accompanied by a research workshop to deepen aspects of the conference topics.
organiser:
Organising Committee:
Martin Aehling, Director, Financial Risk and Stability Network
Prof. Arnoud Boot, Professor of Corporate Finance and Financial Markets, University of Amsterdam
Prof. Stefan Janßen, Professor for Corporate Finance and Banking, Jade University of Applied Sciences
Prof. Bart Joosen, Professor of Financial Law, VU University Amsterdam
Prof. Luís Silva Morais, Professor of Law, University of Lisbon
(one or two more academics to join before summer)
Failing forward or taking momentum: Covid-19 systemic effects, climate change emergencies and defects of the current crisis management framework
– Investigating the consequences and advancing on appropriate policies
The organisers take a foremost policy-oriented stance to discuss some of the most crucial issues lying ahead. Central questions will be:
- how to address and manage detrimental systemic repercussions of the Covid-19 crisis impacts,
- how to address climate change risks and ensure the urgent transition to a low-carbon economy,
- how to redefine roles and the mandate of the ECB and central banks in the era of climate change,
- how to overhaul and refine the current EU’s crisis management and deposit insurance framework.
Programme-pdf shall be available for download after the summer
FSC | 18 Nov. 2021 | Berlin
08:30 – 09:15 h check-in
09:15 – 17:30 h conference
17:30 – 18:00 h get together
registration information
Agenda | Programme:
08:30 Check-in | Coffee
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09:15 Opening
Martin Aehling, Director, Financial Risk and Stability Network
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09:30 Opening Speech | Keynote
Title
TBA
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10:00 Panel I – Impulse
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10:10 Panel I – Discussion
Impact of the Covid-19-crisis on banks, financial stability and the Euro area: How to address negative effects and manage detrimental systemic repercussions?
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- Assessing the Commission’s coronavirus recovery strategy: Are banking package and tackling NPL-strategy adequate responses?
- Bad banks, secondary markets and precautionary recapitalisations: Eligible or inappropiate tools to manage scaling up NPL-rates?
- CRR “quick fix”, moratoria, credit guarantees and state aid rules in response to the coronavirus crisis: Which strategy for getting out?
- Leaping sovereign debt and increasing bank exposures: How to address the tightening state-bank nexus and its policy implications?
- Lessons to learn for future crisis externalities: Interest of society, continuance of bank activity and responsibility for crisis provisions
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Moderation: N.N.
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11:15 Coffee
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11:45 Panel II – Discussion
Facing the existential threat of climate change: How to address the entrenched risks and ensure an encompassing transition to a low-carbon economy
- Understanding the dimensions of related risks: Which methods and measures could be applied to realistically analyse and effectively manage them?
- Penalizing the financing of carbon-intensive industries: How to define a brown taxonomy, implement it and redirect the allocation of capital and lending?
- The growth paradigm is due to change: What are the consequences of the transitions for bank business models and which requirements should be set?
- Limited effectiveness of ‚soft rules‘ in form of guidance, transparency and ESG-governance: Which binding rules should be added to make the necessary headway?
- Transforming awareness into concrete banking businesses: How to link each division’s activities to specified sustainable and climate protection target marks?
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Moderation: N.N.
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13:00 Light lunch
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14:00 Panel III – Impulse | Keynote
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14:20 Panel III – Discussion
The ECB new strategy, the reassessment of its mandate and the new role of central banks to combat climate change
- Results of the ECB strategy review: how could a green mandate to mitigate climate change be framed and integrated in the existing monetary policy framework?
- Possible effects of climate change on prices, interest rate and financial stability: What does this mean for a readjustment of the mandate of an ‚unelected authority‘?
- The false principle of ‚market neutrality‘ in liquidity investments, collateral provisions and asset purchase programmes: How to alter from brown to green central banks?
- EU’s central banks‘ stance for sustainable investment principles: To what extent non-monetary portfolio adjustments and qualitative controls can contribute to climate goals?
- Integrating climate change risks into central banks‘ financial stability monitoring: How to encompass and address the uncertainty of the inherent complex dynamics?
- The prevalence of short-term factors and considerations in markets and industry decisions: Which steering effects could central banks set for a sustainable path?
- Lastly 1: The dysfunctionality of markets, economies and policies in achieving agreed climate goals: What can cental banks contribute as regards critical policy coordination?
- Lastly 2: Societal priorities and concerns as new central banks‘ parameters: How could the admissibility of such objectives and the modalities of their pursuit be framed?
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Moderation: N.N.
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15:30 Coffee
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16:00 Panel IV – Impulse | Keynote
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16:15 Panel IV – Discussion
The Commission’s review of the crisis management and deposit insurance framework: Identifying the bypasses and clearing up the impediments to orderly resolution
- The diversity of insolvency procedures and hierarchies across member states and tools akin to the BRRD/SRMR: How to make headway on a consistent approach?
- Unhelpful incentives for national authorities in dealing with failing or likely to fail banks: Which revsions are necessary to minimise the use of public funds?
- The resolution of medium-sized banks: What are the impediments, how to modify the toolset and could the FDIC be taken as a blueprint?
- The intricate issues with AMCs: Design and implementation, funding and state aid, classification and valuation, competition aspects and bank’s responsibility
- Renationalisation attemps and diminishing credibility: How to rebuild trust in the toolset and ensure a workable resolution practice in crisis times?
- The elephant in the room: How to make progress on a European deposit insurance scheme and tackle the many practical and political obstacles?
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Moderation: N.N.
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17:20 Closing
The organisers
17:30 End | get together
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Information Financial Stability Conference 2019:
⇒ Financial Stability Conference 2019 – Programme
⇒ Financial Stability Conference 2019 – Report
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