Second ESRB annual conference
Frankfurt am Main, 21 and 22 September 2017
European Central Bank, Main Building
Press Conference Room
Thursday, 21 September 2017
- 15:30 – 16:00
Mario Draghi, Chair of the ESRB
Mario Draghi, in his capacity of Chair of the European Systemic Risk Board, will open the conference and give a keynote address to conference participants.
- 16:00 – 17:45
Policy panel discussion: Legal perspectives on macroprudential regulation
Sound legal frameworks which facilitate enforcement are crucial for preserving financial stability. This panel will focus on the most effective legal models for the conduct of macroprudential policies including cross-border aspects of adopting and enforcing legal instruments. In particular, panellists will discuss the legal issues associated with the resolution of systemic institutions, obstacles to the effective exchange of information and coordination between authorities in different jurisdictions, and remaining legal challenges from a macroprudential perspective.
Richard Portes, London Business School
Kern Alexander, University of Zurich
Anna Gelpern, Georgetown University
Eric Posner, University of Chicago
- 17:45 – 18:15
Valdis Dombrovskis, European Commission
Valdis Dombrovskis, Vice-President of the European Commission, will give a keynote speech to conference participants.
- 18:15 – 19:30
Friday, 22 September 2017
- 08:30 – 08:40
Francesco Mazzaferro, ESRB Secretariat
Francesco Mazzaferro, Head of the ESRB Secretariat, will open the second day of the conference.
- 08:45 – 10:15
Session 1: The challenges and future of banking in the EU
The EU banking system is facing challenges as a result of intense competition from banks and other financial institutions, technological innovations such as FinTech and the low interest rate environment. In this session, experts from academia, the supervisory community and industry will provide their insights on this topic.
Andrea Enria, EBA
Thorsten Beck, Cass Business School
José Antonio García Cantera, Banco Santander
Pentti Hakkarainen, ECB SSM
Heikki Ilkka, Nordea Group
- 10:15 – 10:30
- 10:30 – 12:00
Session 2: Addressing non-performing loans in the EU banking sector
Large stocks of non-performing loans in the balance sheets of EU banks are not only a microprudential supervisory problem, but an issue with broader macroprudential and financial stability dimensions. Resolving the legacy non-performing loans has become a key priority to restore the sustainability of the banking system in certain EU Member States. Speakers in this session will discuss possible actions to address the current and future non-performing loans in Europe.
Stefan Ingves, Sveriges Riksbank
Aristóbulo de Juan , Aristóbulo de Juan y Asociados, S.L.
Belén Romana García, Aviva
Davide Serra, Algebris Investments
Ed Sibley, Central Bank of Ireland
- 12:00 – 12:30
Tobias Adrian, International Monetary Fund
Tobias Adrian, Financial Counsellor of the International Monetary Fund, will give a keynote speech to conference participants.
- 12:30 – 13:30
- 13:30 – 15:00
Session 3: Identifying and assessing risks in the shadow banking system
The EU shadow banking system has grown significantly in recent years. This reinforces the need to develop a framework to monitor risks in this part of the financial sector. Such a risk monitoring framework is a key part of a broader macroprudential strategy. This session will discuss potential financial stability risks and key elements which should be considered when monitoring risks and vulnerabilities in the shadow banking system.
Steffen Kern, ESMA
Juliane Begenau, Stanford Graduate School of Business
Stijn Claessens, BIS
Steven Ongena, University of Zurich
- 15:00 – 15:15
- 15:15 – 17:00
Policy panel discussion: Macroprudential policy beyond banking
Cross-sectoral consistency is an important consideration in the design of macroprudential policy. While macroprudential policy in the banking sector is operational macroprudential policy beyond banking is still in its formative stage. Panellists will discuss the operationalisation of existing tools beyond the banking sector, the development and prioritisation of new macroprudential tools and the challenges and opportunities associated with their implementation.
Vitor Constâncio, ECB
Gabriel Bernardino, EIOPA
Lex Hoogduin, LCH Group Ltd
Steven Maijoor, ESMA
Mario Nava, European Commission
Huw van Steenis, Schroders
- 17:00 – 17:45
Winners of the ESRB Research Prize in memory of Ieke van den Burg
The ESRB awards an annual prize to recognise outstanding research conducted by young scholars on a topic related to the ESRB’s mission. The annual prize was established in 2014 in memory of Ieke van den Burg, who was a member of the ESRB ASC (2011-14) and of the European Parliament (1999-2009). Ms van den Burg was dedicated to the notion that finance should serve society, and this prize is administered by the ASC in that spirit. In this session, the winners of the 2017 prize will present their research, and the prize will be formally awarded.
Javier Suarez, Vice-Chair of the ESRB ASC
Speakers: [to be announced]
This programme may be subject to change without notice.
Parts of the conference will be webcast live and some are recorded. These recordings will be made available on the ESRB website following the conference. Media and photographers will also be present at the conference.
General informationConference venue
European Central Bank
Main building, Press Conference Room
60314 Frankfurt am Main
Chair, ESRB Advisory Scientific Committee
Deputy Head, ESRB Secretariat
Financial Stability Expert, ESRB Secretariat