“The Financial Stability Conference is now firmly established as the reference event for informed discussions of European financial services policy in Berlin. I can’t think of another international gathering that achieves a better mix of the key actors and observers of Europe’s banking union, capital markets union, and related policy developments.” .Nicolas Véron, Senior Fellow, Bruegel and PIIE


Since 2012 FRS has been organising events, in 2013 the first international conference on the Single Resolution Mechanism. The 7th Financial Stability Conference (FSC) was held 28 October 2019 in Berlin. 26 international speakers, discussants and moderators from regulatory authorities, central banks, politics, industry, institutions, academia and civil organisations discussed the agenda topics. The conference was followed by the FSC Research Workshop on 29 Oct. to deepen and discuss aspects of the conference topics. In June 2019, we organised a scientific colloquium in cooperation with the Single Resolution Board in Brussels. In 2020 we held the research workshop as a virtual event due to the pandemic. In 2021 we are planning additional formats and activities.

The events are scientific based and essentially policy-oriented. They are initiated and organised by FRS in cooperation with institutions and scientists. We succeeded in bringing together outstanding speakers from regulatory and supervisory authorities, politics, ministries, academia, industry as well as from institutions and civil organisations in an international public discussion format. Moreover, the events have been attracting many experts, researchers, professionals and interested persons from Europe and beyond.

Our mission is to contribute to the European and international debate on regulation and reforms of the financial sector, its resilience, financial stability and institutional frameworks in the EU. Open it up to critical voices shall impact these debates from an independent, scientific and public interest point of view. The unique format and approach of the conference sparked widespread attraction. The quality of the discussions facilitated establishing the event as a highly valued platform for in-depth debate of regulatory reforms and financial stabilty. The highly positive feedback gives us a strong incentive to move on.



“Back in Lisbon, this is simply to re-state the (great) pleasure I have had in participating actively in this year’s Financial Stability Network Conference and for the honour of modestly contributing as co-organizer. Furthermore, you are to be congratulated for the excellent and high level content of the discussions and the excellent organization. I echo here Nicolas’ words on the extreme importance of a Conference of this calibre held in Berlin every year. So, in a nutshell, do count with me for coming organizations.”

Luís Morais, Professor of Law, University of Lisbon

“I thought the days proceedings were simply excellent and so thought provoking. I congratulate the scientific team and especially Martin Aehling for his organisation of the conference. The panels were so well connected in their themes and the dialogue between the participants was so insightful. The combination of policy makers, politicians, regulators, civil society and academics gave rise to a very lively high level debate. It is truly a most go event!”

Dalvinder Singh, Professor of Law, University of Warwick

Even if with some delay, I wanted to thank you for having let us collaborate with you on the organization of this year’s conference. I found the event most interesting and very well organized and structured. Congratulations! I hope there will be other occasions in the future.”

Elena Carletti, Professor of Finance, Bocconi University

“As a feedback to the conference, I have only (very) positive things to say about the whole event. The line-up of speakers was excellent, as were the selection of topics touched upon in each panel. The structure of each panel was very well-though, with a kick-off main intervention followed by short interventions by several speakers. I will be more than happy to publicise or help you publicise future initiatives of the Financial Risk and Stability Network.”

Lúcio Tomé Feteira, Associate Professor, Nova University Lisbon

“I found the entire conference informative, thought-provoking and filled with insights. The program, speakers and panelists were fantastic, each with an interesting perspective. I am at a loss to come up with anything that is not positive. I have tried hard, but I do not even have constructive criticism. I thought the conference had the right mix of practitioners, elected officials, regulators and academics, and the topics were timely, consequential and appropriately varied. Having the private sector like Morgan Stanley and Banco Santander with high level regulators, policy makers and accomplished academics provided a balance of very informed views that provided the attendees with multiple viewpoints.”

Dennis Kelleher, President and CEO, Better Markets, Washington D.C.

“Let me thank you and sincerely congratulate you on the quality of the conference you organized. Not only the speakers were extremely qualified but also the subjects were very well chosen. It is not common, in recent times, to have the opportunity to have frank, open and informed discussions on critical European subjects.”

Elisa Ferreira, Vice Governor, Banco de Portugal

“The FRSN‘s Financial Stability Conference has become a fixture in the political and academic calendars across Europe – and rightly so. It provides a unique forum for an informed dialogue between policy-makers, regulators, representatives of the financial sector, academics and the public about financial stability, supervision and regulation. The high-cadre list of speakers at the FSC ensures that discussions are relevant and informed.”

Dr. Matthias Kollatz, Senator for Finance of Berlin

“The Financial Stability Conference is a unique opportunity to meet politicians, regulators, practitioners and academics in a truly international environment to discuss the future of regulation and financial stability. It was my second year attending and I´m still very much impressed by the various and deep insights offered into different ways of thinking about financial stability and by the forward-looking and constructive debates that focus on shaping the future financial system. The Financial Stability Conference is a much needed platform for top international experts to share, discuss and develop valuable ideas and concepts.”

Prof. Stefan Janssen, Professor for Corporate Finance and Banking, Jade University of Applied Science

“Thank you for inviting me for the Financial Stability Conference 2017. It exceeded my expectations, which were already high based on the impressive list of annouced speakers and panelists. I have enjoyed every minute of it. I wish you all the best and I am looking forward to next year’s conference!”

Boudewijn Berger, Head Recovery and Resolution Planning, ABN Amro

“It has been a pleasure to meet you and the fellow participants at the Financial Stability Conference. Thank you for organising the conference and for being such a gracious host. I very much enjoyed attending the conference, which provided a great opportunity to both hear the official statements from top policymakers in finance, and engage in more in-depth conversation on the sidelines of the event. I flew to Berlin just for the conference and it was worth it.”

Dr. Peter Knaack, Postdoctoral Research Fellow, Blavatnik School of Government, University of Oxford

“Let me thank you again for the kind words and for putting together and executing a very impressive event. I found the conference very focused, involved all the relevant and interesting people and provided a very good sense of where we stand at this moment.”

Dr. Maria Demertzis, Deputy Director, Brugel

“The conference was excellent with up to date treatments of relevant issues in the current policy debate by participants coming from different backgrounds such as academia, industry and regulators.”

Prof. Xavier Vives, Professor of Economics and Finance, IESE Business School

“The conference has been an optimal venue for discussing the most significant and pressing financial stability concerns. Not only was the meeting an enriching experience in terms of the debate that was generated, but also in relation to the different voices and stakeholders involved. And by this, I am not just referring to panelists or moderators. In fact, the diversity of the audience and the openness regarding the possibility to be part of the event itself reveals the inclusive and transparent approach of the network and is a proof of its commitment towards fostering policy dialogue. On a different note, another aspect that has distinguished the Financial Stability Conference from other events was its dynamism and the fact that it touched upon key topics not just from a theoretical perspective, but from a practical and policy-oriented too. Indeed, the event was a perfect chance to bridge academic and policymaking expertise, two crucial aspects that, unfortunately, are not usually taken into consideration in a comprehensive manner.”

María Cecilia del Barrio Arleo, School of International Studies, University of Trento

“The financial stability conference stands out with its balanced panels composed of experts from different stakeholder groups. It brought valuable insights into regulatory lessons learnt, latest regulatory reforms and ongoing challenges to deal with the trade-off between financial stability and efficiency. The event will certainly spill over into the research community. I recommend it to all researchers who would like to come down from the ivory tower and join forces with politics, industry and NGOs to contribute to a more stable and sustainable financial system. I am looking forward to next year’s conference.”

Prof. Doris Neuberger, Chair of Money and Credit, University of Rostock

“Having attended the Stability Conference in Berlin for the first time this year I just wanted to express my deep appreciation for the whole concept and for the insights it brought me. Having the possibility to attend a conference for free yet still involving such high-level speakers is truly unique and is an experience I hope to repeat again next year.”

Morten Clausen, Policy Officer – Finance, UNI europa

“The Financial Stability Network‘s Annual Conference, now in its fifth year, is a unique event. It brings together senior policymakers, practitioners, academics and civil society representatives for in-depth public discussions on a range of highly topical subjects, eschewing the usual focus on media coverage and industry sponsorship in favour of high-quality discourse and an unusual degree of freedom from political and industry bias.”

Christian Stiefmüller, Senior Policy Adviser, Finance Watch

“The Conference has been an inspiring opportunity to debate openly with other regulars and industry experts the functioning, the challenges and the needs – looking forward – of the new crisis management regime for banks in Europe. A unique platform to promote the debate around the need for more financial stability in the EU and the Euro area.”

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

“I greatly enjoyed my panel, but maybe more importantly, I thought the entire day provided an outstanding opportunity to hear – and discuss – the most important issues around financial stability with a big group of the key people involved in the topic. Combined with the flawless organisation, it was one of the best conferences I have participated in for a long time.”

Eric Nielsen, Group Chief Economist,
Global Head of CIB Research, UniCredit

“First, the conference was remarkably organised with high-level speakers and audience. Second, the topics were optimally chosen, giving room to global approaches to the contemplated issues as well as to practical considerations about the implementation of the latest reforms. Last, it was the occasion to meet a lot of interesting people and to discuss bilaterally on specific issues.”

Olivier Jaudoin, Director Resolution,
French Prudential Supervisory and Resolution Authority

“As part of my duties as Secretary General, I have attended numerous conferences in many European cities, and this one in Berlin was perfectly organised. It was a very high level of panelists in front of an impressively large and sophisticated audience. What Martin Aehling, together with the financial support of prestigious sponsors, has achieved is a high quality and most informative forum on key financial subjects for society at large.”

Christophe Nijdam, Secretary General, Finance Watch

“Firstly, I wanted to write to say many thanks for your organisation of yet another excellent conference. It was my second year attending and I was again impressed at the quality of the speeches and discussions, which mark the conference as ‘a must attend’.”

Eoin Dorgan, Principal Officer,
Department of Finance, Government of Ireland

“Thank you for all the efforts in organising this event. It has been a very stimulating and informative conference: Excellent keynote speeches, toplevel panels with a very good mix of participants, courage to dissent and the orientation on topics which will become most relevant in the future.”

Dr. Constantin Sobiella, Partner, d-fine

“Thanks so much for the extremely well-organised and interesting Financial Stability Conference 2015 in the impressive (now) ESMT building. For me as somebody who has just recently begun to dig into the matter it was a fantastic starting point to learn about the most important topics, players and people involved. I am looking forward to hearing and seeing more of your network in general and of your conference in particular.”

Dr. Sebastian Wanke, Economist,
KfW Bankengruppe

“The Financial Stability Conference was perfectly organised in every detail. Even more importantly, the competence of the speakers along with the convivial approach drove the discussion towards the murkier and more debated issues in the European legal framework, giving the audience important insights. The different views currently expressed by scholars and experts appeared perfectly reflected in the panels’ composition.”

Prof. Lorenzo Stanghellini, University of Florence

“This was a very interesting conference, fed by high-level speakers with outspoken and strong views. A useful opportunity to update knowledge on resolution framework, tools and bail-in, and realize the challenges when establishing credible and feasible resolution regimes. The session on macroprudential policy and tools provided interesting views on the strategic priorities in operationalising the new macroprudential policy.”

Rudi Bonte, Senior Advisor, Deloitte

“The 2015 Financial Stability Conference was definitely worthwile attending. Top-class speakers and panelists from policy making bodies, European supervisors, financial players as well as academia and press gave valuable insights. Together with a broad range of attendees, this event enabled developing new perspectives on the matter and approaching the challenges of the European financial market better.”

Stephan Lutz, Partner, PwC


Speakers and Discussants 2013 to 2019 (alphabetic)

Prof. Kern Alexander, University of Zurich; Dr. Ignazio Angeloni, European Central Bank; Denis Beau, Bank of France; Dr. Lorenzo Bini Smaghi, Société Générale; Giuseppe Boccuzzi, Italian Interbank Deposit Protection Fund; Prof. Arnoud Boot, University of Amsterdam; Günter Borgel, Federal Agency for Financial Market Stabilisation; Ralph Brinkhaus, Member Deutscher Bundestag, CDU; Prof. Claudia Buch, Deutsche Bundesbank; Lee Buchheit, Cleary Gottlieb; Costanza Bufalini, Unicredit; Prof. José Manuel Campa, Banco Santander; Prof. Elena Carletti, Bocconi University; Prof. Stijn Claessens, Bank for International Settlements; Lorenzo Codogno, London School of Economics and LC Macro Advisors; Dr. Vitor Constâncio, European Central Bank; Prof. Jean-Pierre Danthine, Paris School of Economics; Willem Pieter de Groen, CEPS; Giuseppe De Martino, Italian Ministry of Finance; Dr. Maria Demertzis, Bruegel; Dr. Saskia de Vries-van Ewijk, De Nederlansche Bank; Prof. Mathias Dewatripont, National Bank of Belgium; Cristina Dias, European Parliament; Dr. Thomas Dohrn, Federal Ministry of Finance; Dietrich Domanski, Bank for International Settlements; Dr. Klaus Duellmann, European Central Bank; Colin Ellis, Moodys; Prof. Henrik Enderlein, Hertie School of Governance; Andrea Enria, European Banking Authority; Markus Ferber, European Parliament, EVP; Ramon Fernandez, French Ministry for the Economy, Finance and Industry; Santiago Fernández de Lis, BBVA; Dr. Elisa Ferreira, Bank of Portugal; Prof. Marcel Fratzscher, DIW Berlin; Prof. Clemens Fuest, Ifo Institute; Sven Giegold, European Parliament, The Greens; Giorgio Gobbi, Bank of Italy; Prof. José Manuel González-Páramo, BBVA; Prof. Charles Goodhart, London School of Economics; Rebekah Goshorn Jurata, U.S. Department of the Treasury; Sylvie Goulard, European Parliament, ALDE; Andrew Gracie, Bank of England; Peter Grasmann, European Commission; Prof. Reint Gropp, Halle Institute for Economic Research; Dr. Roberto Gualtieri, European Parliament, S&D; Piers Haben, European Banking Authority; Dr. Daniel Hardy, International Monetary Fund; Samy Harraz, Single Resolution Board; Prof. Martin Hellwig, Max Planck Institute for Research on Collective Goods; Dr. Dierk Hirschel, United Services Union Verdi; Dr. Beverly Hirtle, Federal Reserve Bank of New York; Thomas Hoenig, Federal Deposit Insurance Corporation; Leo Hoffmann-Axthelm, Transparency International EU; Dr. Levin Holle, German Federal Ministry of Finance; Dr. Dietmar Hornung, Moody’s; Dr. Aerdt Houben, De Nederlandsche Bank; Dr. Korbinian Ibel, European Central Bank; Olivier Jaudoin, French Prudential Supervisory and Resolution Authority; Robert Jenkins, London Business School; Dr. Andy Jobst, World Bank; Prof. Bart Joosen, VU University Amsterdam; Dennis Kelleher, Better Markets; Dr. Steffen Kern, European Securities and Markets Authority; Prof. Christian Kirchner, Humboldt-University Berlin; Dr. Elke König, Single Resolution Board; Dr. Matthias Kollatz, Senate for Finance of Berlin; Dr. Jörg Kukies, German Federal Ministry of Finance; Dominique Laboureix, Single Resolution Board; Philippe Lamberts, European Parliament; Sebastiano Laviola, Single Resolution Board; Erkki Liikanen, Bank of Finland; Prof. Catherine Mann, OECD; Monica Marcucci, Bank of Italy; Michala Marcussen, Société Générale; Sylvie Matherat, Deutsche Bank; Francesco Mazzaferro, European Systemic Risk Board; Marco Mazzucchelli, Bank Julius Baer; Liz Meneghello, HM Treasury; Martin Merlin, European Commission; Nicoletta Mascher, European Stability Mechanism; Dr. Srobona Mitra, International Monetary Fund; Dr. Reza Moghadam, Morgan Stanley; Prof. Luís Morais, University of Lisbon; Dr. Mario Nava, European Commission; Dr. Maria Nieto, Bank of Spain; Christophe Nijdam, Finance Watch; Danièle Nouy, European Central Bank; Prof. Alessio Pacces, Erasmus University Rotterdam; Dr. Wilfried Paus, Deutsche Bank; Prof. Alessandro Penati, Quaestio Capital Management; Thierry Philipponnat, Institut Friedland; Fatima Pires, European Central Bank; Dr. Thorsten Pötzsch, Federal Financial Supervisory Authority; Sébastien Raspiller, French Ministry for the Economy and Finance; Klaus Regling, European Stability Mechanism; Odile Renaud-Basso, French Ministry for the Economy and Finance; Prof. Georg Ringe, University of Hamburg; Prof. Jörg Rocholl, ESMT Berlin; Dr. Sven Schelo, Linklaters; Dr. Gerhard Schick, Bündnis 90/Die Grünen; Dr. Reto Schiltknecht, FINMA; Prof. Isabel Schnabel, University of Bonn; Carsten Schneider, SPD; Prof. Dirk Schoenmaker, Bruegel; Dr. Ludger Schuknecht, German Federal Ministry of Finance; Carola Schuler, Moody’s; Prof. Helmut Siekmann, Goethe-University Frankfurt; Luigi Federico Signorini, Bank of Italy; Dr. Thomas Steffen, Federal Ministry of Finance; Christian Stiefmüller, Finance Watch; Dr. Rolf Strauch, European Stability Mechanism; Dr. Christian Thimann, Axa; Emiliano Tornese, European Commission; Dominik Treeck, Oliver Wyman; Prof. Tobias Tröger, Goethe University Frankfurt; Dr. Natacha Valla, European Investment Bank; David Vegara, European Stability Mechanism; Mark Venus, BNP Paribas; Nicolas Véron, Bruegel and IPPE; Dr. Jukka Vesala, European Central Bank; Dr. José Vinals, International Monetary Fund; Prof. Xavier Vives, IESE Business School; Thomas von Lüpke, Federal Financial Supervisory Authority; Dr. Leopold von Thadden, European Central Bank; David Walker, International Association of Deposit Insurers; Matthias Wargers, Erste Abwicklungsanstalt; Thomas Wieser, Euro Working Group; Dr. Guntram Woff, Bruegel; Dr. Pierre Wunsch, National Bank of Belgium; Dr. Jeromin Zettelmeyer, Peterson Institute for International Economics