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Second ESRB annual conference

Frankfurt am Main, 21 and 22 September 2017
European Central Bank, Main Building
Press Conference Room

Programme

Thursday, 21 September 2017

15:30 – 16:00

Welcome address

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.

Chair:
Richard Portes, London Business School

Panellists:
Kern Alexander, University of Zurich Presentation
Anna Gelpern, Georgetown University Presentation
Eric Posner, University of Chicago Presentation

17:45 – 18:15

Keynote speech

Valdis Dombrovskis, European Commission

Valdis Dombrovskis, Vice-President of the European Commission, will give a keynote speech to conference participants.

18:15 – 19:30

Reception

Friday, 22 September 2017

08:30 – 08:40

Welcome address

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.

Chair:
Andrea Enria, EBA

Speakers:
Thorsten Beck, Cass Business School Presentation
José Antonio García Cantera, Banco Santander
Pentti Hakkarainen, ECB SSM Speech
Heikki Ilkka, Nordea Group

10:15 – 10:30

Coffee break

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.

Chair:
John Fell, European Central Bank

Speakers:
Aristóbulo de Juan , Aristóbulo de Juan y Asociados, S.L.
Belén Romana García, Aviva
Davide Serra, Algebris Investments
Ed Sibley, Central Bank of Ireland Presentation

12:00 – 12:30

Keynote speech

Speaker:
Tobias Adrian, International Monetary Fund

12:30 – 13:30

Lunch

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.

Chair:
Steffen Kern, ESMA

Speakers:
Juliane Begenau, Stanford Graduate School of Business Presentation
Stijn Claessens, BIS Presentation
Steven Ongena, University of Zurich

15:00 – 15:15

Coffee break

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.

Chair:
Vitor Constâncio, ECB Remarks

Panellists:
Gabriel Bernardino, EIOPA Presentation
Lex Hoogduin, LCH Group Ltd
Steven Maijoor, ESMA
Mario Nava, European Commission Presentation
Huw van Steenis, Schroders Presentation

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.

Chair:
Javier Suarez, Vice-Chair of the ESRB ASC

Speakers: Marco D’Errico and Tarik Roukny Presentation

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 information

Conference venue

European Central Bank
Main building, Press Conference Room
Sonnemannstrasse 20
60314 Frankfurt am Main

Conference language

English

Organisers

Richard Portes
Chair, ESRB Advisory Scientific Committee

Tuomas Peltonen
Deputy Head, ESRB Secretariat

Neill Killeen
Financial Stability Expert, ESRB Secretariat

Contacts

ESRB Secretariat
Shirley Simmons-Nocca, Tel.: +49 69 1344 6983
Eva Harangozo, Tel.: +49 69 1344 5389
Beatriz Viegas De Abreu, Tel.: +49 69 1344 1835

Conference email