Upcoming Event

Jun
20
12:30

Sound at last? Assessing a decade of financial regulation

Register for the event

What has changed since the financial crisis of 2008 that makes the financial system sound at last? Is regulatory reform going in the right direction? Has it run its course? 

June 20, 2019, 12:30 pm Bruegel, Rue de la Charité 33, 1210 Brussels Public | On the Record Livestreamed Topic: Finance & Financial Regulation

Bruegel, the Centre for Economic Policy Research, and the European Center for Advanced Research in Economics and Statistics are co-hosting this event about the aftermath of the 2008 economic crisis. The legacy of the crisis is stronger and better capitalized banks, as well as regulators and supervisors with increased clout who pay more attention to systemic risk. However, the crisis has also left us with high leverage in advanced economies, especially in terms of sovereign dept over GDP. At the same time, interest rates are at very low levels. All of this, together with the digital disruption of the sector, poses formidable challenges for the banking industry.

This event will feature the first report in the IESE/CEPR Future of Banking series report, tackling three important areas of post-crisis regulatory reform: Basel III and its aftermath; resolution procedures to end ‘too big to fail’; and expanding the role of central banks with a financial stability remit. The report presents an extensive analysis of the banking sector and the regulatory reforms put in place since the crisis.

At this event, several central messages of the report will be discussed:

  • Narrow banking is not the answer to the fragility of the financial system.
  • Regulation should be fine-tuned: there are improvements on all fronts but no framework exists yet to deal with shadow banking and the new digital competitors.
  • Prudential regulation should take a holistic approach, considering and setting requirements for capital, liquidity and disclosure together and taking into account their potential interactions.

The event will be livestreamed. There is no need to register for the livestream.

Register for this event

Schedule

Jun 20, 2019

12.30-13.00

Check-in and lunch

13.00-13.30

Presentation

Patrick Bolton, Research Fellow, CEPR

Xavier Vives, Professor, IESE Business School and Research Fellow, CEPR

13.30-14.15

Comments and panel discussion

Chair: Maria Demertzis, Deputy Director

Rebecca Christie, Visiting Fellow

Mathias Dewatripont, Professor, Université libre de Bruxelles - ECARES

14.15-14.30

Q&A

14.30

End

Speakers

Patrick Bolton

Research Fellow, CEPR

Rebecca Christie

Visiting Fellow

Maria Demertzis

Deputy Director

Mathias Dewatripont

Professor, Université libre de Bruxelles - ECARES

Xavier Vives

Professor, IESE Business School and Research Fellow, CEPR

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

matilda.sevon@bruegel.org

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