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Nov
18
Mon
Online seminar – What is the bank business model today? @ FBF Online Platform
Nov 18 @ 3:00 pm – 4:00 pm

Admittance by application only

Admittance to the seminar is by application only. The organisers reserve the right to accept or refuse applications.

Apply here  
 

Joint online seminar by the Florence School of Banking and Finance and IESE Business School.


Banks are under siege because of persistently low interest rates, damaged reputation and, some segments still with, at times legacy assets from the crisis, increased regulatory burden and compliance costs, and the need to restructure to face digital disruption as well as new entrants. The result is low profitability in many jurisdictions, and in particular in Europe and Japan. We will examine, taking stock of the theoretical and empirical literature, how disruptive forces affect traditional banking functions, and what to expect in the future restructuring of banking. We will focus on the impact of FinTech and BigTech competitors, the role of data, the introduction of digital currencies, and the possible emergence of new dominant players. We will sum up with implications for the strategies of the players, and the challenges faced by regulators in fostering innovation while maintaining financial stability.

 

Speakers

Xavier Vives
Xavier Vives is professor of Economics and Finance, Abertis Chair of Regulation, Competition and Public Policy, and academic director of the Public-Private Research Center at IESE Business School. He holds a Ph.D. in Economics from UC Berkeley. He is Research Fellow of CESifo, and was member of its European Economic Advisory Group from 2001 to 2011. Research Fellow of the Center for Economic Policy Research, where he served as Director of the Industrial Organization Program in 1991-1997. Fellow of the Econometric Society since 1992 and elected member of its Council in 2006-2008; of the European Economic Association since 2004 and elected member of its Council 1991-1995; and Research Associate of the European Corporate Governance Institute. He was member of the Advisory Board for Economic Recovery of the Government of Catalonia (2011-2015), and from 2011 to 2014 he was Special Advisor to the Vicepresident of the European Commission and Commissioner for Competition, Mr Joaquín Almunia. President of the Spanish Economic Association in 2008, Duisenberg Fellow of the European Central Bank in 2015, and President of EARIE for 2016-18. From 2001 to 2005 he was Professor of Economics and Finance and The Portuguese Council Chaired Professor of European Studies at INSEAD, and from 1991 to 2001, Director of the Institut d’Anàlisi Econòmica, CSIC. He has taught at Harvard University, Universitat Autònoma de Barcelona, Universitat Pompeu Fabra, the University of California at Berkeley, the University of Pennsylvania, and New York University (King Juan Carlos I Chair). From 2003 until 2013, he was member of the Economic Advisory Group on Competition Policy at the European Commission. His current research interests include dynamic rivalry, innovation and competition, banking crisis and regulation, information and financial markets, and competition policy. Further details are available here: https://www.iese.edu/faculty-research/faculty/xavier-vives/.

Elena Carletti
Elena Carletti is Professor of Finance at Bocconi University and Scientific Director of the Florence School of Banking and Finance at the European University Institute. She is also a member of Board of Directors of Unicredit SpA and a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB). Furthermore, she is research professor at the Bundesbank, a member of the Expert Panel on banking supervision for the European Parliament, a member of the Scientific Committee “Paolo Baffi Lecture” at the Bank of Italy, a member of Bruegel Scientific Committee, Research Fellow at CEPR, Fellow of the Finance Theory Group, CESifo, IGIER, and Wharton Financial Institutions Center. Ms Carletti was Professor of Economics at the European University Institute from 2008 to 2013, holding a joint chair in the Economics Department and the Robert Schuman Centre for Advanced Studies. Prior to that, she was Associate Professor at Goethe University in Frankfurt and Assistant Professor at the University of Mannheim. Among other appointments, she has worked as consultant for the OECD and the World Bank, has served in the review panel of the Irish Central Bank and of the Riskbank and has been a board member of the Financial Intermediation Research Society and of the Fondazione della Cassa di Risparmio di La Spezia. Ms Carletti graduated from Bocconi University and received her Ph.D. in Economics from the London School of Economics and her Habilitation in Economics from Mannheim University. She is the author of numerous articles on Financial Intermediation, Financial Crises and Regulation, Competition Policy, Corporate Governance and Sovereign Debt.

Stijn Claessens
Stijn Claessens represents the BIS externally in senior groups, including the Financial Stability Board, the Basel Committee on Banking Supervision and the G20. Within the BIS, he leads policy-based analyses of financial sector issues and oversees the work of the Committee on the Global Financial System and other committee secretariats. Between 1987 and 2006, he worked at the World Bank in various positions. From 2007 to 2014, he was Assistant Director in the Research Department of the International Monetary Fund. From 2015 to early 2017, he was Senior Adviser in the Division of International Finance of the Federal Reserve Board. He holds a PhD in business economics from the Wharton School of the University of Pennsylvania and a master’s degree from Erasmus University, Rotterdam. He taught at the New York University business school and the University of Amsterdam. Mr Claessens is author of numerous publications in the fields of finance, international finance and international capital flows and further details are available here: https://www.bis.org/author/stijn_claessens.htm.

Antonio Fatás
Antonio Fatás is the Portuguese Council Chaired Professor of Economics at INSEAD, a Senior Policy Scholar at the Center for Business and Public Policy at the McDonough School of Business (Georgetown University, Washington DC), a Research Fellow at the CEPR (London) and a Senior Fellow at ABFER (Singapore). He received a Masters and Ph.D. in Economics from Harvard University. He has worked as an external consultant for the International Monetary Fund, the World Bank, the Board of Governors of the US Federal Reserve, the European Parliament, the OECD, and the UK government. His research interests are in the area of macroeconomics. His work explores the causes and shape of business cycles, the determinants of long-term growth and the impact that economic policies (monetary and fiscal) have on economic outcomes. His current interest also include the understanding of how new technologies are changing the way we think about money and the financial sector. He is currently the lead researcher of the CEPR Policy and Research Network on Fintech and Digital Currencies.

 


 

Technical disclaimer

The online seminar will take place on the Adobe Connect platform. You can access the seminars from personal computers, laptops, tablets and smartphones. You are strongly encouraged to read the technical requirements before registering for the online seminar. To ensure an optimal experience in terms of connection speed and video quality, we suggest to attend the seminar via a device connected to a stable network connection, avoiding if possible shared wi-fi or mobile connections.
Nov
20
Wed
Autumn School on FinTech @ EUI Premises, Florence
Nov 20 – Nov 22 all-day

Course dates: 20-22 November 2019

Place: EUI Premises, Florence

Course Director: Philipp Paech (London School of Economics)

Area: Regulation, Supervision and Resolution

Level: Introductory/Intermediate

Target: EBA, SSM, SRB, ESRB, EU officials, financial stability and research department of Central Banks, Ph.D. students, private sector economists.

Detailed information on the course will be available shortly

Nov
27
Wed
Forecasting for Banking Using Time Series Methods @ EUI Premises, Florence
Nov 27 – Nov 29 all-day

Course dates: 27-29 November 2019

Place: EUI Premises, Florence

Course Instructor: Massimiliano Marcellino (Bocconi University and EUI)

Area: Statistical and Econometric Methods

Level: Intermediate/Advanced

Target: EBA, ESRB, SSM, SRB, EU Institutions, Financial Stability officers, Economics Departments And Forecasting Departments of Central Banks, Ph.D. and Post-doctoral researchers, Research department officers of private banks.

Click here for further information and registration

Dec
11
Wed
Online seminar – Liquidity Stress Testing for Investment Funds @ FBF Online Platform
Dec 11 @ 1:00 pm – 2:00 pm

Participation free, registration mandatory

Join from anywhere!

Register here  

Over the last decade, the asset management industry has experienced strong growth driven by rising asset valuation and steady investors’ inflows. The net asset value of EU alternative investment funds (AIFs) amounted to EUR 4.9tn in 2017, and total net assets managed by EU-domiciled undertakings for collective investment in transferable securities (UCITS) amounted to EUR 9.3tn in 2018 against EUR 6.2tn in 2007.

The development of the fund industry contributes to the diversification of the EU financial system and provides retail and institutional investors with a range of investment vehicles that can be used to gain exposures to specific asset classes (equities, bonds etc.) and investment policies. Therefore, it is crucial to make sure that the fund industry is resilient and is able to absorb economic shocks.

In that context, the Financial Stability Board has issued recommendations to address structural vulnerabilities from asset management activities, which include provisions related to stress tests. This online seminar provides an overview of the framework used by the European Securities and Markets Authority (ESMA) for fund stress simulations. The different building blocks of a stress simulation framework are outlined, along with a menu of options that can be selected by stress testers. Beyond the methodological aspects of the framework, the presentation will outline a case study showcasing how the framework can be applied, based on a sample of more than 6,000 UCITS bond funds. The presentation will be followed by a Q&A session with the public.

 

Speaker

Christian Winkler
Christian Winkler heads the Markets and Investors Team in ESMA – European Securities and Markets Authority’s Risk Analysis and Economics Unit. The Risk Analysis and Economics Unit is responsible for ESMA’s work on identification and assessment of risks to investors, markets and financial stability in the EU in the area of securities markets. Prior to joining ESMA in September 2013, Christian has worked in managing roles in the Chief Economist Department of the UK FCA and FSA and in the capital markets department of MAN AG, a large German corporate. He holds a doctoral degree in Economics from the university of Erlangen-Nuremberg and is a CFA charterholder.

 

 


 

Technical disclaimer

The online seminar will take place on the Adobe Connect platform. You can access the seminars from personal computers, laptops, tablets and smartphones. You are strongly encouraged to read the technical requirements before registering for the online seminar. To ensure an optimal experience in terms of connection speed and video quality, we suggest to attend the seminar via a device connected to a stable network connection, avoiding if possible shared wi-fi or mobile connections.
Feb
3
Mon
Models for Financial Stability and Prudential Policy @ EUI Premises, Florence
Feb 3 – Feb 5 all-day

Course dates: 3-5 February 2020

Place: EUI Premises, Florence

Course Instructors: Jean-Charles Rochet (University of Geneva), Bruno Maria Parigi (University of Padova)

Area: Financial Stability and Macroprudential policy

Level: Intermediate/Advanced

Target: Financial stability and research department of Central Banks, Ph.D. and Post-doctoral researchers, Assistant Professors, Research departments of private banks, EU officials.

Detailed information on the course will be available shortly

Feb
12
Wed
From Bank Recovery to Bank Resolution @ EUI Premises, Florence
Feb 12 – Feb 14 all-day

Course dates: 12-14 February 2020

Place: EUI Premises, Florence

Course Instructors: Jens-Hinrich Binder (Eberhard Karls University of Tübingen); Svetlana Dimova (BaFin); Jean-Jacques Van Helten (Robert Schuman Centre, EUI); Senior policy expert

Area: Regulation, Supervision and Resolution

Level: Introductory/Intermediate

Target: EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), National Supervisory Authorities, financial stability and research department of Central Banks, Ph.D. students, financial institutions in the private sector, law firms.

Detailed information on the course will be available shortly

Feb
26
Wed
Anti-Money Laundering Academy @ EUI Premises, Florence
Feb 26 – Feb 28 all-day

Course dates: 26-28 February 2020

Place: EUI Premises, Florence

Course Instructors: Anthony Charrie (Oliver Wyman); Nikita Divissenko (EUI); Dominik Käfer (Oliver Wyman); Eleni Tsingou (Copenhagen Business School); Joshua Kirschenbaum (GMF Alliance for Securing Democracy)

Area: Risk Management

Level: Intermediate

Target: SSM, EBA, SRB, National Supervisory Authorities, Financial institutions professionals, Lawyers, Ph.D. and Post-doctoral researchers.

Detailed information on the course will be available shortly

Mar
4
Wed
Panel Data for Banking Sector Analysts @ EUI Premises, Florence
Mar 4 – Mar 6 all-day

Course dates: 4-6 March 2020

Place: EUI Premises, Florence

Course Instructor: Jeffrey Wooldridge (Michigan State University)

Area: Statistical and Econometric Methods

Level: Advanced

Target: EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), National Supervisory Authorities, Financial Stability officers, Economics Departments And Forecasting Departments of Central Banks, Ph.D. and Post-doctoral researchers, Research department officers of private banks.

Detailed information on the course will be available shortly

Mar
16
Mon
Monetary Policy Transmission @ EUI Premises, Florence
Mar 16 – Mar 18 all-day

Course dates: 16-18 March 2020

Place: EUI Premises, Florence

Course Instructors:José-Luis Peydró (Universitat Pompeu Fabra, CREI and Barcelona GSE); Carlo Altavilla (European Central Bank)

Area: Financial Stability and Macroprudential policy

Level: Intermediate

Target: EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), National Supervisory Authorities, Financial stability and research department of Central Banks, Ph.D. students, research department of private banks

Detailed information on the course will be available shortly

Mar
23
Mon
Liquidity Regulation @ EUI Premises, Florence
Mar 23 – Mar 25 all-day

Course dates: 23-25 March 2020

Place: EUI Premises, Florence

Course Instructors: Christos Gortsos (National and Kapodistrian University of Athens); Alina Preger (Prometeia); Jean-Jacques Van Helten (Robert Schuman Centre, EUI); Senior policy expert

Area: Regulation, Supervision and Resolution

Level: Intermediate

Target: EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), National Supervisory Authorities, Senior Policy Officers of Prudential Supervisors/National Central Banks, In-house Legal Counsels, External Lawyers, Treasurers with Banks, Senior Legal Officers, Funding Strategists

Detailed information on the course will be available shortly