Frankfurt am Main, 26 and 27 September 2019
European Central Bank, Main Building
Press Conference Room
The first day will be livestreamed on this website. Other parts of the conference will be recorded and made available here.
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.
The financial sector is undergoing a period of substantial structural transformations. Established financial intermediaries are competing with new providers that use alternative ways of supplying financial services to customers. Financial innovations and new technologies are major drivers of these transformations in the financial sector. Participants in this policy panel discussion will provide their insights on how finance will be affected by the emergence of new providers and innovative financial services. Moreover, panellists will discuss how policymakers should respond to the changing nature of the financial industry.
Swaha Pattanaik, Thomson Reuters
Jon Cunliffe, Deputy Governor for Financial Stability, Bank of England
Klaus Wiedner, Director, DG FISMA, European Commission
Jose Manuel Campa, Chairperson, European Banking Authority (EBA)
Andrea Enria, Chair of the ECB Supervisory Board
Andrea Enria, Chair of the Supervisory Board of the ECB since January 2019, will provide a keynote speech in which he presents his views on the key features of future stress tests in the EU.
Francesco Mazzaferro, Head of ESRB Secretariat
Francesco Mazzaferro, Head of the ESRB Secretariat, will open the second day of the conference.
Despite the rather short history of macroprudential policy in the EU, the knowledge and empirical evidence on its effectiveness and transmission is growing rapidly. This session will take stock of the experiences with macroprudential policies in recent years, providing perspectives from both the institutional and the academic angle. Speakers will share their views on the success of macroprudential policy in contributing to financial stability. A key topic in the discussion will be how the EU’s macroprudential framework could be improved to further enhance resilience of the financial system.
Luis De Guindos, ECB Vice President
Klaas Knot, Governor, De Nederlandsche Bank
Marja Nykänen, Deputy Governor, Suomen Pankki
Ratna Sahay, Deputy Director, International Monetary Fund (IMF)
Isabel Schnabel, Professor, University of Bonn and ESRB ASC Vice-Chair
The EU non-bank financial 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 non-bank financial system.
Richard Portes, Professor, London Business School, and ESRB ASC Chair
Neeltje van Horen, Senior Research Advisor, Bank of England
Theresa Payton, President and CEO, Fortalice Solutions; Co-Founder, Dark Cubed
Cyberattacks are a relevant financial stability concern for regulators and market participants. Ms Theresa Payton, a distinguished expert in matters of cybersecurity, will outline in her keynote speech the key sources of cyber risk for the financial sector and she will discuss possible policy solutions to address cyber risks.
Interview with Theresa Payton
The ESRB awards an annual prize to recognise outstanding research conducted by young scholars on topics 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). In this session, the winner of the 2019 prize will present his/her research and the prize will be formally awarded.
Chair:Javier Suarez, Professor, CEMFI, and ESRB ASC Vice-Chair
Following the global financial crisis in 2007-09, the financial system was subject to far-reaching regulatory reforms. Most notably, the micro- and macroprudential pillars of the global regulatory framework have been strengthened through collective efforts of policymakers in recent years. This session will focus on the past achievements in regulatory reforms and will outline ways to address remaining challenges.
Jean-Claude Trichet, Former ECB President
Stephen Cecchetti, Professor, Brandeis University, and ESRB ASC Member
Interview with Stephen Cecchetti
Interview with Pablo Hernández de Cos
This programme may be subject to change without notice. Media and photographers will also be present at the conference.
European Central Bank
Main building, Press Conference Room
60314 Frankfurt am Main
Tuomas Peltonen, European Systemic Risk Board
Richard Portes, Chair, ESRB Advisory Scientific Committee
Christian Gross, European Systemic Risk Board
Shirley Simmons-Nocca, European Systemic Risk Board
Eva Harangozo, European Systemic Risk Board
Thierry Bracke, European Central Bank