Past Event

Bank resolution: consistency and predictability

Closed-door workshop on various aspects of bank resolution.

Date: October 29, 2019, 8:30 am Topic: Finance & Financial Regulation

A number of EU public sector representatives, private sector participants and other selected experts will discuss the resolution of banks in the European Union, whether small- or medium-sized or with operations in several jurisdictions, and the implications in terms of desirable changes to national and EU policy frameworks.

This event is only open to Bruegel members and selected invited guests.

Schedule

Oct 29, 2019

08.30-09.00

Check-in and breakfast

09.00-10.15

Session I - The regime for non-viable mid-sized banks: comparing US and EU

Chair: Rebecca Christie, Visiting Fellow

Martin J. Gruenberg, Member, FDIC Board of Directors

Nicolas Véron, Senior Fellow

10.15-10.30

Coffee break

10.30-11.45

Session II – The regime for non-viable cross-border banks

Chair: Guntram B. Wolff, Director, Bruegel

Elke König, Chair, Single Resolution Board

Pamela Lintner, Senior Financial Sector Specialist, World Bank

11.45-12.30

Lunch

12.30-13.45

Session III - Moving forward: reforming the EU regime for non-viable banks

Chair: Nicolas Véron, Senior Fellow

Jon Cunliffe, Deputy Governor, Bank of England

Martin Merlin, Director, Financial Markets, European Commission, DG FISMA

Maria Velentza, Director, European Commission, DG COMP

13.45-14.00

Closing remarks

14.00

End

Speakers

Rebecca Christie

Visiting Fellow

Jon Cunliffe

Deputy Governor, Bank of England

Martin J. Gruenberg

Member, FDIC Board of Directors

Elke König

Chair, Single Resolution Board

Pamela Lintner

Senior Financial Sector Specialist, World Bank

Martin Merlin

Director, Financial Markets, European Commission, DG FISMA

Maria Velentza

Director, European Commission, DG COMP

Nicolas Véron

Senior Fellow

Guntram B. Wolff

Director, Bruegel

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

katja.knezevic@bruegel.org

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Past Event

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The state of health in the EU and the digitalisation of health promotion

The panellists at this event reviewed the general state of health as well as the digitalisation in the industry.

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Past Event

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Partnering with Europe on responsible AI: a conversation with Sundar Pichai, CEO Google and Alphabet

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Podcast

Podcast

Banking after Brexit

Will Brexit damage Britain's financial services industry? Or is talk of its diminished status just a storm in a teacup? The City of London could move closer to Wall Street or it might become "Singapore-on-Thames". Nicholas Barrett talks to Rebecca Christie about banking after Brexit.

By: The Sound of Economics Topic: Finance & Financial Regulation Date: January 16, 2020
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External Publication

European Parliament

Impediments to resolvability of banks

This paper gives an overview of the seven aspects of resolvability defined in 2019 by the Single Resolution Board, and then assesses progress in two key areas, based on evidence gathered from public disclosures made by the 20 largest euro-area banks. The largest banks have made good progress in raising bail-in capital. Changes to banks’ legal and operational structures that will facilitate resolution will take more time. Greater transparency would make it easier to achieve the policy objective of making banks resolvable.

By: Alexander Lehmann Topic: European Parliament Date: December 18, 2019
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Working Paper

A new look at net balances in the European Union's next multiannual budget

Whenever the European Union’s budget is discussed, much of the political focus is on net balances – whether countries pay in more than they receive – rather than on the broader overall positive effects of EU spending. The largest net contributor countries have sought to limit their contributions, leading to the build-up of an ad-hoc, complex, opaque and regressive system of revenue corrections.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: December 12, 2019
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Blog Post

Non-performing loans’ legacy versus secondary markets

Eleven years since the start of Europe’s financial crisis, and the legacy of non-performing loans in the EU, though much smaller, is still a live issue for some member states.

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Blog Post

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Working Paper

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Policy Contribution

Crisis management for euro-area banks in central Europe

Euro-area bank integration has decreased as post-financial crisis national rules require banks to hold more capital at home. It might be undermined further by bank resolution planning. Either a Single Resolution Board takes the lead for the entire banking group or independent local intervention schemes need to be developed for crisis resolution.

By: Alexander Lehmann Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: November 19, 2019
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