CONNECTING PEOPLE

Discussions@FRS

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

FRS has been organising its first virtual exchange format in May 2021 to discuss the dimensions of Covid-19 pandemic 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 shall be followed up and driven forward at the Financial Stability Conference in fall.

Discussions@FRS is the 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. Discussions can be conceived, labeled and performed in cooperation with other partners.

Video Session I:

Assessing the Commission’s coronavirus recovery strategy:
The ambiguity of measures as regards banking and lending in policy responses

Video Session II:

Building resilience:
How to exit from prudential easing measures and strengthen the regulatory and supervisory framework

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?

PROGRAMME


14:00   Welcome | Opening

Martin Aehling, Director, Financial Risk and Stability Network

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14:10   Session  I  –  Impulse
Nathalie Berger, Director Support to Member States Reforms, DG REFORM, European Commission (former Head of Unit Banking Regulation and Supervision, DG FISMA, European Commission)

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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, Director Support to Member States Reforms, DG REFORM, European Commission (former Head of Unit Banking Regulation and Supervision, DG FISMA, European Commission)
Arnoud Boot, Professor of Corporate Finance and Financial Markets, University of Amsterdam
Lars Overby, Head of Risk-based Metrics, European Banking Authority
Christian Stiefmüller, Senior Research and Advocacy Advisor, Finance Watch
Moderator: Thorsten Beck, Professor of Banking and Finance, The Business School, University of London, and Director, Florence School of Banking and Finance

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15:20   Break

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15:30   Session  II  –  Impulse
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
Michala Marcussen, Group Chief Economist, Societe Generale
Axel Wieandt, Honorary Professor, WHU – Otto Beisheim School of Management
Moderator: Nicolas Véron, Senior Fellow, Peterson Institute for International Economics and Bruegel

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16:50   Conclusion
Martin Aehling, Director, Financial Risk and Stability Network

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17:00   End

FUNDING 2021

We would appreciate if you could support our non-profit organisation with a donation. If you find our activities senseful and relevant please contact us via info@financial-stability.org and we will send you the bank account details. Donation receipts can be given to donors from Germany.
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