FSC Research Workshop | 29 October 2019 | DAZ Berlin
The Financial Stability Conference (FSC) 2019 was followed by the FSC Research Workshop on 29 October to discuss and deepen relevant aspects of the conference topics, financial stability issues and resolution aspects. Researchers and scholars all over Europe were invited to submit policy contribution sketches on related research questions. Eight proposals were selected and had been presented and discussed at the workshop. The call for policy contributions and information on the procedures are available here.
The workshop was an open, public event bringing together scientists and researchers with policy makers, experts from public institutions and industry experts as well.
organiser:
Financial Risk and Stability Network
Research Workshop 2019
29 October – Berlin | 9:30 – 16:00 h
Call for scientific Policy Proposals to the FSC 2019
The Financial Stability Conference (FSC) on 28 October in Berlin is followed by a research workshop on 29 October to discuss and deepen relevant aspects of the conference topics. Scientists and scholars – including PhD candidates, early stage and PhD researchers – in the disciplines of economics, law, finance, banking and political economy as well as researchers from public authorities, central banks, institutions and civil organisations are invited to signal their interest and draft policy contributions on research questions related to the conference topics and aspects thereof.
Step I
extended proposal deadline for research ideas/sketches: 28 June 2019
Step II
submission deadline for drafted policy contributions: 12 September 2019
Step I
Proposals for research ideas/sketches could address various aspects of the following conference discussion topics:
- National banking policies and the new EU political landscape: stuck between reform ambitions and disintegration tendencies
- Between wishful thinking and feasibility: how to remove obstacles to true competition and a common beneficial single market
- Making resolution work: how to deal with legal loopholes, institutional implementation challenges and impediments to practice
- Risk sharing in the EU: how to ensure common grounds on adequate instruments, institutional frameworks and appropriate procedures
Proposals may relate to a broad bundle of terms and notions as regards the conference topics, and we are open to unconventional ideas. We welcome in particular research proposals on following subjects:
State interferences and the protection of national banking systems, state aide and implicite guarantees to banks, regulatory ring-fencing and the use of national discretions and rulings, fragmentation and an uneven level playing field, impediments to competition, barriers to harmonisation and integration, new industrial policies and calls for national/EU champions, discretion and accountability of regulatory agencies, interactions of legal fragmentation with other elements of institutional incompleteness, risk sharing instruments versus mutualisation via backdoor, SRF, backstops and crisis management tools, legal constraints in resolution and national insolvency laws, public backstops, their anchoring and legitimations, rules versus discretion in complex resolution processes with interventions, dichotomy between financial stability concerns and resolution choices, EDIS, ESM, regulatory loopholes in BRRD, etc.
→ Research ideas/sketches to be emailed by Friday, 28 June to: workshop@frsn.de
We do not expect written or even finalised contributions by this deadline, but a sketch with a clear research subject of max. 1.500 words. All proposed research ideas and sketches will be reviewed and considered for drafting contributions, presentation at the workshop, discussion and publication. They will be reviewed by FRS with the assistance of experienced scientists.
→ We will inform all proposers by 8 July on acceptances and the further procedure.
Step II
We ask to work out accepted research sketches and to draft the policy contributions during the summer. The policy contributions should be short and policy-oriented, and they do not have to follow any given specific scientific methodology or approach. More important are policy-relevance, comprehensibility as well as a clear and plausible structure. Emphasis lies on conclusions, practical relevance of results, ideally policy recommendations and input to both the scientific as well as the policy debate. Derivations of empirical results and model explaining should not be the focus, we rather recommend to eschew models and equations and to focus on the outcomes and policy implications. The policy contributions have to be finalised and send to the organiser by 12 September to give time for review by discussants.
→ Policy contributions to be emailed by Thursday 12 September to: workshop@frsn.de
Some relevant information on the purpose of the workshop and about the task:
The task is to bring a contribution to the ground, means to make it understandable and draft it in a nontechnical wording. Insofar, it is a communication task as well, to write and present a policy paper, the findings and relevance to a different, broader audience, eschewing models and equations, but bringing up lines of thoughts, arguments, conclusions and policy options and/or recommendations to a wider public. Thus, the workshop is intended as an innovative experiment to bring researchers closer to policy. To sum up, the conributions should be brief and written in a nontechnical language, aimed at a broad audience interested in policy issues, presented and published to elicit comment and further debate.
As regards subjects and research questions of policy contributions there are no specifications or preferences from the organisers. Any specific aspect relating to the discussion topics can be accepted. We do not see problems with potential thematic overlappings. In the contrary, it might be fruitful to have contributions on quite similar aspects for an enriching discussion.
There are no detailed specifications as regards format as well: just to edit subject, reasoning and rationale in a clear and logical way, be precise and leave the unnecessary and redundant aside. Length: better short than lengthy; 5 pages would be best and appropriate, and we ask to not exceed the max. of 10 pages. As for the presentation slides we ask to limit the number to be shown to not more than 6 slides.
For each presenter there shall be a discussant, and we ask accepted presenters to be open to act as well as a discussant to another policy contribution. Also discussants should be brief in their criticisms to give adequate time for the plenary discussions with the audience where in our view shall be a focus on. Our intention and emphasis is that all participants are learning from the workshop and gain new insights.
Questions to be directed to: workshop@frsn.de
The organiser may reimburse travel expenses for presenters and discussants.
The organiser
Financial Risk and Stability Network
___________________________________________
Martin Aehling
Director
FRS Financial Risk and Stability gGmbH
FSC Research Workshop 2019 – PROGRAM
29 Oct. 2019 – Berlin | 9:00 h – 16:30 h | DAZ
Policy-oriented workshop relating to the Financial Stability Conference: “EU between Regress and Progress: How to cope with National Banking Policies, Single Market Deficiencies and the unsolved Sharing Issue”
The Financial Stability Conference 2019 was followed by the FSC Research Workshop on 29 October to discuss and deepen aspects of the conference topics, financial stability issues and resolution aspects. Scholars of related disciplines as well as researchers from institutions and organisations were invited to draft policy contributions on related research questions, and to present and discuss them at the workshop. From the submitted contribution sketches we selected eight. The challenge was to give a brief and focused policy-oriented presentation in front of a mixed audience in a clear and structured way.
Presenters were encouraged to focus on reasoning, conclusions and policy options in a way that non-academics understand. A general request was to refrain from model explaining, but to highlight policy-oriented aspects. The workshop was as well intended as a communication task to bring presenters’ messages in a strictly time-limited way to a ‘non-academic’ audience.
Program schedule:
08:45 Check-in and Coffee
___________________________________________
09:10 Opening
Martin Aehling, Director, Financial Risk and Stability Network
___________________________________________
09:20 Session I
Presentation I
Macroprudential policy in the EU – policy reflections on institutional contexts and governance arrangements
Elias Bengtsson, Associate Professor, Halmstad University and University of Gothenburg
> Policy paper for download
> Presentation for download
Discussant: Katerina Lagaria, Macroprudential Policy Section, former Advisor to the Deputy Governor, Bank of Greece
10:00 Session I
Presentation II
Proposal for a single EU professional secrecy standard for the supervision of the financial sector
Nikolai Badenhoop, PhD Candidate, Humboldt University Berlin
> Policy paper for download
> Presentation for download
Discussant: Elias Bengtsson, Associate Professor, Halmstad University and University of Gothenburg
Chair: Martin Aehling, Director, Financial Risk and Stability Network
___________________________________________
10:40 Coffee break
___________________________________________
11:00 Session II
Presentation III
Is the EU resolution framework working with state aid and nothing else? The option for the few (significant institutions), not for the many (less significant institutions)
Maria Ana Barata, PhD Researcher, European University Institute
> Policy paper not published
> Presentation for download
Discussant: Concetta Brescia Morra, Professor of Economic Law, University of Roma Tre
11:40 Session II
Presentation IV
Making retail banks resolvable
Ioannis Asimakopoulos, PhD Researcher, University of Luxembourg
> Policy paper for download
> Presentation for download
Discussant: Dalvinder Singh, Professor of Law, University of Warwick
Chair: Luís Silva Morais, Professor of Law, University of Lisbon, School of Law
___________________________________________
12:20 Light lunch
___________________________________________
13:00 Session III
Presentation V
Should we pay European bankers (also) with (bail-inable) debt?
Edoardo Martino, PhD Researcher, Erasmus School of Law and Amsterdam Center for Law and Economics
> Policy paper not published
> Presentation for download
Discussant: Bart Joosen, Professor of Financial Law, VU University Amsterdam
13:40 Session III
Presentation VI
The treatment of depositors in the EU framework on bank crisis: a latent contradiction
Donato Messineo, Legal Advisor, Bank of Italy
> Policy paper for download
> Presentation for download
Discussant: Andrew Lodge, Research Fellow, London School of Economics (formerly Bank of England)
Chair: Samy Harraz, Head of Strategy, International Relations and Communications, Single Resolution Board
___________________________________________
14:20 Coffee break
___________________________________________
14:40 Session IV
Presentation VII
Unravelling economic solidarity: a systemic view on risk-sharing in the European banking sector
María Cecilia del Barrio Arleo, PhD Candidate, University of Trento
> Policy paper for download
> Presentation for download
Discussant: Maria Ana Barata, PhD Researcher, European University Institute
15:20 Session IV
Presentation VIII
The vulnerabilities of debt in the shadow banking sector
Ross Spence, PhD Candidate, Leiden University
> Policy paper for download
> Presentation for download
Discussant: Matthias Thiemann, Assistant Professor for European Public Policy, Sciences Po
Chair: Stefan Janßen, Professor for Corporate Finance and Banking, Jade University of Applied Sciences
___________________________________________
16:00 Round up and Closing
16:10 Networking and Farewell
16:30 End
__________________________________________
POLICY-ORIENTED CONTRIBUTIONS, DISCUSSIONS, VIEWS EXCHANGE AND NETWORK BUILDING
Financial Stability Conference RESEARCH WORKSHOP 2019
29 October 2019, 9:00 h – 16:30 h at Deutsches Architektur Zentrum DAZ
Address: DAZ, Wilhelmine-Gemberg-Weg 6, Taut-Saal (2nd courtyard), 10179 Berlin
>> How to reach DAZ
>> Doors open / coffee 8:45 h
General information on FRS/FSC Research Workshops:
Participation is restricted upon confirmed registration afore
Registration is only possible by email to workshop@financial-stability.org
Registration deadline one week before
The FSC Research Workshop is a public event. Photos might be taken. The organiser reserves the right to publish photos and documentation of the workshop in print and online formats. By registering you consent thay you may appear in print and/or online documentation.
POLICY-ORIENTED CONTRIBUTIONS, DISCUSSIONS, VIEWS EXCHANGE AND NETWORK BUILDING
Registration information on the FSC RESEARCH WORKSHOP 2019:
Participation in the workshop is without charge or fees. However, note that participation is restricted on confirmed registration afore. A registration email has to contain contact details and affiliation or activity. Registrations without this information cannot be accepted.
Registrations only to workshop@financial-stability.org
- This is the only valid email address for workshop registrations
- Registrations to any other email will not be processed
- Handling of registrations is done solely by FRS
- Registration deadline is one week before the Workshop
- Registrations to Conference and Workshop are handled separately
- Registrations for the Workshop are not valid for the Conference and vice versa
Registration-email conference: conference@financial-stability.org
Registration-email workshop: workshop@financial-stability.org
The FSC Research Workshop is a public event. Photos might be taken. The organiser reserves the right to publish photos and documentation of the workshop in print and online formats. By registering you consent that you may appear in print and/or online documentation.