Warning: date() expects parameter 2 to be long, string given in /home/bruegelo/public_html/wp-content/themes/bruegel/content.php on line 92

Warning: date() expects parameter 2 to be long, string given in /home/bruegelo/public_html/wp-content/themes/bruegel/content.php on line 96

Warning: date() expects parameter 2 to be long, string given in /home/bruegelo/public_html/wp-content/themes/bruegel/content.php on line 99

Past Event

The Single Resolution Mechanism and the limits of bank regulation

A key element of the EU Banking Union is on the political Agenda: The Single Resolution Mechanism. The new authority will touch complicated and sensible legal, regulatory and political dimensions. It raises severe questions on legitimacy,institutional setting, funding and political influence. Missing democratic legitimation in past financial crisis decisions, we need a public debate on […]

Date: Nov 8 - Finance & Financial Regulation Tags & Topics

A key element of the EU Banking Union is on the political Agenda: The Single Resolution Mechanism. The new authority will touch complicated and sensible legal, regulatory and political dimensions. It raises severe questions on legitimacy,institutional setting, funding and political influence. Missing democratic legitimation in past financial crisis decisions, we need a public debate on essential regulatory initiatives. Change in mind, governance and adequate financial regulation can only come from having this ongoing debate. Bringing together academics, regulators,politicians and industry experts, we will stimulate the discussion on the design of the Resolution Authority, the impact of regulatory policy and the responsibility of financial institutions. For this, the conference gives an inspiring opportunity.

The event is organised jointly by:

  • Institute for Bank- and Capital Market-Law at Humboldt-University Berlin
  • Centre for European Economic Research (ZEW)
  • Bruegel
  • Financial Risk and Stability Network

Speakers

  • Keynote – Jörg Asmussen, Executive Board, European Central Bank
  • Keynote – Ramon Fernandez, Director General, French Treasury
  • Keynote – Dr. Thomas Steffen, State Secretary, Federal Ministry of Finance
  • Ralph Brinkhaus, CDU Parliamentary Group
  • Prof. Jean-Pierre Danthine, Swiss National Bank Ramon Fernandez, French Treasury
  • Prof. Clemens Fuest, Centre for European Economic Research
  • Dr. Korbinian Ibel, Commerzbank AG
  • Ingo Mandt, Landesbank Baden-Württemberg
  • Marco Mazzucchelli, Bank Julius Baer
  • Mario Nava, DG Internal Market, European Commission
  • Carsten Schneider, SPD Parliamentary Group
  • Dr. Thomas Steffen, Federal Ministry of Finance
  • David Vegara, European Stability Mechanism
  • Nicolas Veron, Bruegel
  • Dr. Pierre Wunsch, National Bank of Belgium
  • and other Experts…

Event materials

Programme

8:15 Registration

09:15 Welcome & Opening

  • Martin Aehling, Financial Risk and Stability Network

09:30 Welcome Address

  • Marie-Thérèse Duffy-Häusler, Acting Head of the Representation of the European Commission in Germany

09:40 Opening Remarks – Banking Union: Balancing European Integration and National Responsibility

  • Prof. Dr. Dr. Dr. h.c. LL.M. Christian Kirchner, Humboldt University of Berlin

09:50 Keynotes – In Search for Relief: A new Framework for Recovery and Resolution

  • Ramon Fernandez, Director General, French Treasury
  • Dr. Thomas Steffen, State Secretary, Federal Ministry of Finance
  • Dr. Mario Nava, Director Financial Institutions, European Commission

10:45 Discussion

How should the Single Resolution Mechanism evolve?
How centralized should Bank Resolution be organized?
Who should bear the Burden of Bank Resolution?

  • Ramon Fernandez, French Treasury, Ministry for the Economy and Finance
  • Elisa Ferreira, Member of the European Parliament
  • Dr. Korbinian Ibel, Commerzbank AG
  • Dr. Mario Nava, DG Internal Market, European Commission
  • Dr. Thomas Steffen, Federal Ministry of Finance
  • Moderation: Dr. Guntram Wolff, Bruegel

11:30 Talk of Experts – Banks in Distress: What to do? The Role of the Single Resolution Mechanis

Recapitalisation
Governance and Recovery Plans
Bail-in and Restructuring

  • Thomas von Lüpke, Federal Agency for Financial Market Stabilisation
  • Prof. Dr. Isabel Schnabel, University Mainz
  • Dr. Bernhard Speyer, Deutsche Bank Research
  • David Vegara, European Stability Mechanism
  • Dr. Pierre Wunsch, National Bank of Belgium
  • Moderation: Prof. Dr. Kern Alexander, University of Zurich

12:15 Lunch

13:30 Presentation – Reforming the EU Banking System: a Progress Report

Assessing the new Regulatory Framework
The Case for Structural Reforms: Focus versus Diversification
The new EU Financial Order

  • Marco Mazzucchelli, Bank Julius Baer; Liikanen High-Level Expert Group

14:15 Discussion – Limits of Bank-Regulation and the Political Nexus

Banks, Sovereign Debt and Consequences
The Context of Supervision and Resolution
Banking Consolidation in the European Union

  • Ralph Brinkhaus, CDU-Member of Deutscher Bundestag
  • Prof. Dr. Henrik Enderlein, Hertie School of Governance
  • Dr. Gerhard Schick, Bündnis 90/Die Grünen-Member of Deutscher Bundestag
  • Dominik Treeck, Oliver Wyman
  • Nicolas Véron, Bruegel
  • Moderation: Sven Böll, Der Spiegel

15.00 Coffee break

15:30 Keynote – Banking Union: A View from the European Central Bank

  • Jörg Asmussen, Executive Board, European Central Bank

16:15 Panel – Crisis Prevention and today’s Regulatory Settings

Eurozone Crisis: Can the Banking Union help?
Regulatory Reforms: But what?
Eurozone and the Rest of the World: Circle the Wagons

  • Prof. Dr. Clemens Fuest, Centre for European Economic Research
  • Prof. Dr. Jean-Pierre Danthine, Swiss National Bank
  • Ingo Mandt, Landesbank Baden-Württemberg
  • Carsten Schneider, SPD-Member of Deutscher Bundestag
  • Moderation: Prof. Dr. Reint Gropp, Goethe University Frankfurt

17:15 Closing Remarks & Farewell

  • Martin Aehling, Financial Risk and Stability Network

17.30 Get together – Wine bar

Practical details

Venue: Humboldt-University, Fritz-Reuter Saal, Dorotheenstraße 24, 10117 Berlin-Mitte Berlin
Date: Friday 8 November 2013, 9:00 – 17:30
Contact: Martin Aehling, Financial Risk and Stability Network, martin.aehling[at]frsn.de

Read article Download PDF More on this topic

Policy Contribution

PC 11 2017 2004test

Tackling Europe’s crisis legacy: a comprehensive strategy for bad loans and debt restructuring

Years after the start of the financial crisis, non-performing loans and private debt remain obstacles to the recovery of bank credit and investment.

By: Maria Demertzis and Alexander Lehmann Topic: Finance & Financial Regulation Date: April 21, 2017
Read article Download PDF More by this author

Working Paper

Cover WP 2017_06

Regional and global financial safety nets: the recent European experience and its implications for regional cooperation in Asia

Comparing and evaluating financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis. Asian countries can draw several lessons from European experiences.

By: Zsolt Darvas Topic: European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance Date: April 20, 2017
Read article More on this topic

Blog Post

Schoenmaker pic
Nicolas Véron

EBA relocation should support a long-term ‘twin peaks’ vision

As the Commission launches a review of European financial supervision, the authors argue that Europe needs to move towards a twin peaks model – dividing supervision of prudential and conduct-of-business issues. But this is a long-term vision, and will require institution building. The immediate priorities are to choose a new home for the EBA and reinforce ESMA.

By: Dirk Schoenmaker and Nicolas Véron Topic: Finance & Financial Regulation Date: April 5, 2017
Read about event

Past Event

Past Event

Micro- and macro-based methods in assessing the impact of investment

This workshop will discuss methods for accurately evaluating the performance of public and private investment initiatives.

Speakers: Francesco Di Comite, Grégory Claeys, Zsolt Darvas, Helmut Kraemer- Eis, Áron Gereben, Robert P. Lieli, Simon Mizrahi, Amine Ouazad, Debora Revoltella, John K. Swales, Simone Signore, Natacha Valla, Marcin Wolski and Guntram B. Wolff Topic: European Macroeconomics & Governance, Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 5, 2017
Read article More on this topic More by this author

Blog Post

Silvia Merler

Italian banks: not quiet on the eastern front

Italian banks are back in the spotlight. After MPS failed to raise enough capital from private investors earlier this year, Banco Popolare di Vicenza (BPVI) and Veneto Banca take centre stage. The story of these two banks epitomises the strategy of delayed reform that has been so characteristic of the Italian banking crisis.

By: Silvia Merler Topic: Finance & Financial Regulation Date: March 31, 2017
Read article More by this author

Blog Post

Giuseppe Porcaro

29 charts that explain Brexit

From financial services to the creative industry, from trade to migration, this selection of charts maps out the troubled waters of Brexit, and provides a compass through blogs and publications Bruegel scholars have written on the topic.

By: Giuseppe Porcaro Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: March 28, 2017
Read article More on this topic

Blog Post

dion bongaerts
Schoenmaker pic

A call for uniform sovereign exposure limits

Banks’ sovereign bond holdings were at the heart of the euro-sovereign crisis. The concentration of domestic bonds created a vicious cycle between governments and banks. There are several proposals to end this link, including concentration limits on southern European bonds. We argue for a uniform limit to reduce flight-to-quality effects on northern European bonds. Such a uniform limit would also be more acceptable politically.

By: Dion Bongaerts and Dirk Schoenmaker Topic: Finance & Financial Regulation Date: March 28, 2017
Read article Download PDF More by this author

Policy Contribution

PC 09 2017 coverEuropean Parliament

Carving out legacy assets: a successful tool for bank restructuring?

Separating ‘legacy assets’ from banks’ core business is central to the rehabilitation of Europe’s banking system. How can Europe progress in its ongoing effort to rid the financial system of legacy assets, and equip it with renewed growth?

By: Alexander Lehmann Topic: European Parliament, Finance & Financial Regulation, Testimonies Date: March 21, 2017
Read article Download PDF More by this author

External Publication

PC 09 2017 EP coverEuropean Parliament

Carving out legacy assets: a successful tool for bank restructuring?

Separating ‘legacy assets’ from banks’ core business is central to the rehabilitation of Europe’s banking system. How can Europe progress in its ongoing effort to rid the financial system of legacy assets, and equip it with renewed growth?

By: Alexander Lehmann Topic: European Parliament, Finance & Financial Regulation, Testimonies Date: March 17, 2017
Read article Download PDF More on this topic More by this author

Policy Contribution

PC 07 2017 cover

What happened to global banking after the crisis?

The global financial crisis allegedly led to the end of global banking. However, Dirk Schoenmaker finds that reports of the demise of global banking are premature.

By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: March 14, 2017
Read article More on this topic More by this author

Podcast

Podcast

Banks and borrowers in distress — Europe's NPL crisis

European banks are struggling with high amounts of non-performing loans. We look at the reasons behind this crisis, and how it affects banks, borrowers and the European economy as a whole. Finally, we explore potential solutions.

By: The Sound of Economics Topic: Finance & Financial Regulation Date: March 10, 2017
Read article Download PDF More on this topic

Policy Contribution

PC 06 2017 cover

How not to create zombie banks: lessons for Italy from Japan

How can Italian banks address the issue of non-perfoming loans? What lessons can they learn from Japan?

By: Christopher Gandrud and Mark Hallerberg Topic: Finance & Financial Regulation Date: March 8, 2017
Load more posts