Financial Stability Conference 2015

On 28 November we organised the conference How to design the Future Financial System? Resolution Framework, Crisis Prevention and Capital Markets Union - hosted in Berlin by the Financial Risk and Stability Network.

The financial crises of recent years were a wake-up call to policymakers, regulators and banks. It is vital to build EU-level structures that can ensure financial stability and build a more resilient financial system which support sustainable growth.

The event discussed the political and regulatory efforts made so far, including the Single Resolution Board programs. How well do they work in conjunction with each other and how effective are they? We examined whether these efforts are comprehensive enough to deal with future crises and safeguard financial stability. We also discussed improvements to the European banking sector. Additionally, we examined the prospects of a capital markets union and it's potential implications for sustainable growth strategies.

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Date: 28 October 2015
Time: 08:15 – 18 h
Venue: Auditorium Maximum, ESMT Berlin

Registration

Register by email to [email protected] by 20 October. Registration is subject to confirmation. No on-site registration will be possible.

Keynotes

Dr. Vitor Constâncio, Vice President, European Central Bank
Dr. Elke König, Chair, Single Resolution Board

Programme

08:15  Check-in

09:00  Opening
Martin Aehling, Head, Financial Risk and Stability Network

09:15  Welcome Address
Dr. Matthias Kollatz-Ahnen, Senator for Finance of Berlin

09:30  Keynote Ending „too big to fail“ – Have we completed the job?
Dr. Elke König, Chair, Single Resolution Board

10:15  Panel Discussion I - Resolution Framework and Resolution Board: Is the Work done?

• Preparing resolution and evaluation of living wills: Are we on track?
• Resultion Powers: How independent is the board from interferences?
• Implementing credible resolution planning: Are taxpayers out now?
• Lagging behind: A common legal bank insolvency regime in the EU

Olivier Jaudoin, Director Resolution, Prudential Supervisory and Resolution Authority
Dr. Elke König, Chair, Single Resolution Board
Christophe Nijdam, Secretary General, Finance Watch
Fatima Pires, Head of the Financial Regulation Division, European Central Bank
Emiliano Tornese, Senior Officer, Resolution and Crisis Management Unit, European Commission
Moderation: Prof. Jörg Rocholl, President, ESMT European School of Management and Technology

11:15  Coffee

11:45  Panel Discussion II - Resolution Tools: How to make Bail-in operational and effective?

• Are the settings and requirements for Bail-in-able liabilities sufficient?
• How to organize orderly liquidation and resolution plan transparency?
• Cross-border banks in the case of failure: how to resolve in practice?
• How have banks to adopt and change their business structures?

Günter Borgel, Member of the Management Board, Federal Agency for Financial Market Stabilisation
Dr. Thomas Dohrn, Policy Expert, Resolution Unit, European Banking Authority
Monica Marcucci, Senior Lawyer, Legal Department, Bank of Italy
Dr. Wilfred Paus, Global Head Risk Analytics and Living Wills, Deutsche Bank
Dr. Sven Schelo, Partner, Linklaters
Moderation: Prof. Marcel Fratzscher, President, German Institute for Economic Research, DIW Berlin

13:00  Lunch

14:00  Panel Discussion III - Crisis Prevention and Macroprudential Policy: Mission impossible?

• What are the various instruments and how can they work?
• How will they interact with monetary and fiscal policy?
• How shall macroprudential policy be organised effectively?
• What are the repercussions on the EU banking sector?

Prof. Arnoud Boot, University of Amsterdam, and Co-Director, Amsterdam Center for Law and Economics
Prof. Stijn Claessens, Senior Adviser, International Finance Division, Board of Governors of the Federal Reserve System
Francesco Mazzaferro, Head of the Secretariat, European Systemic Risk Board
Dr. Rolf Strauch, Member of the Management Board, European Stability Mechanism
Moderation: Prof. Henrik Enderlein, Director, Jacques Delors Institut – Berlin, and Professor of Political Economy, Hertie School of Governance

15:15  Coffee

15:45  Keynote - Macroprudential Policy in Europe:
Ensuring Financial Stability in a Banking and Capital Markets Union
Dr. Vitor Constâncio, Vice President, European Central Bank

16:30  Panel Discussion IV - The EU Financial System: How to better design for growth?

• How to overcome fragmentation and push intermediation?
• Which regulatory and policy settings are inducing growth?
• Can the Capital Market Union be an appropriate stimulator?
• What Policy Choices and alternative options do we have?

Colin Ellis, Chief Credit Officer, Moody's
Dr Levin Holle, Director General, Financial Markets Policy Department, German Federal Ministry of Finance
Martin Merlin, Director Financial Markets, European Commission
Liz Meneghello, Head of Capital Markets Union and CCP Resolution,
HM Treasury
Moderation: Nicolas Véron, Senior Fellow, Bruegel

17:40  Closing

17:50  Get together