Discussions@FRS – run#1  |  19 May 2021  |  14:00 – 17:00 h  |  online

FRS is organising it’s first virtual exchange format to discuss the dimensions of coronavirus crisis effects on financial stability and banks in the EU as well as the implications of measures taken at policy levels in response to the pandemic. The discussion will be followed up and driven forward at the Financial Stability Conference in fall.

Discussions@FRS is the new exchange platform to be run according to topical issues. As a virtual event it connects people to exchange and debate on specific subjects and aspects of current regulatory and financial stability issues as well as financial market policies in the EU. The discussion is an open event bringing together policy makers and experts from authorities and institutions with junior and senior scientists, researchers, industry experts as well as citizens and the interested public. Discussions can be conceived, labeled and performed in cooperation with other partners.

Input | Materials | Questions
Here we will list input, presentations, links and questions we receive in advance of the discussions. Every interested person is invited to contribute and we welcome as well suggestions and interventions on specific issues which appear relevant to the debate.

In advance questions and input are appreciated and can be emailed to:

Discussions@FRS – run#1
19 May 2021  |  14:00 h – 17:00 h  |  online

Impact of the Covid-19 pandemic on banks, financial stability and the Euro area:
How to address negative effects and manage detrimental systemic repercussions?


14:00   Welcome | Opening

Martin Aehling, Director, Financial Risk and Stability Network


14:10   Introductory Impulse
Nathalie Berger, Head of Unit Bank Regulation and Supervision, European Commission


14:20   Session  I  –  Discussion
Assessing the Commission’s coronavirus recovery strategy:
The ambiguity of measures as regards banking and lending in policy responses

  • The exogenous nature of the pandemic and the notion of helping banks: Valid addition to the support of economy and households?
  • Have the Commission’s banking package and tackling NPL-strategy been adequate responses to deal with coronavirus crisis effects?
  • Bad banks, secondary markets and precautionary recapitalisations: Eligible or inappropiate tools to manage scaling up NPL-rates?
  • The Commission’s temptation for temporary capital buffer support to deal with adverse conditions: A turning away from resolution?

Nathalie Berger, Head of Unit Bank Regulation and Supervision, European Commission
Arnoud Boot, Professor of Corporate Finance and Financial Markets, University of Amsterdam
Christian Stiefmüller, Senior Research and Advocacy Advisor, Finance Watch
Moderator: Nicolas Véron, Senior Fellow, Peterson Institute for International Economics and Bruegel


15:20   Break


15:30   Session  II  –  Impulse Speech
Paul Hiebert, Head of Systemic Risk and Financial Institutions Division, European Central Bank

15:40   Session  II  –  Discussion
Building resilience:
How to exit from prudential easing measures and strengthen the regulatory and supervisory framework

  • CRR “quick fix”, moratoria, credit guarantees and state aid rules in response to Covid-19: Which strategy to follow for getting out?
  • Risk management, capital provisons and the reduction of NPL-rates: Foremost the task of banks or financial markets’ policy issues?
  • 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

Kern Alexander, Chair for Law and Finance, Professor of Banking Regulation, University of Zurich
Paul Hiebert, Head of Systemic Risk and Financial Institutions Division, European Central Bank
Axel Wieandt, Honorary Professor, WHU – Otto Beisheim School of Management
Moderator: Thorsten Beck, Professor of Banking and Finance, The Business School, University of London, and Director, Florence School of Banking and Finance


16:50   Wrap up | Conclusion


17:00   End

Participation information:

This new online format is a public event, participation is without charge. Interested persons can register via the registration link. The registration link will be circulated shortly before the event via the email lists of the organiser and in case cooperation partners. The link is as well available on the discussion event-site shortly before the date.

Discussions@FRS are public events. By participating you consent that your questions and/or interventions may appear in online documentation and/or webcasts.


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