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Sep
21
Thu
Online Seminar – Ending Too-Big-to-Fail: a Transatlantic Perspective @ FBF Online Platform
Sep 21 @ 1:00 pm – 2:00 pm

Participation free, registration mandatory

CLICK TO REGISTER

This seminar will discuss the key challenges underlying the 'too big to fail problem' and the development of modern resolution techniques in the wake of the Great Financial Crisis. In particular, it will focus on the development of 'bail-in' as a new and more general schematic to address this challenge, and compare it to alternative techniques.

The second half of the presentation will analyse the different approaches taken in various countries, focusing on the USA and the EU. While there are many similarities, where have they diverged and why?

Lastly, the seminar will assess the current state of resolution policy and discuss the remaining challenges.

 

Speaker

Wilson Ervin (Vice Chairman, Group Executive Office, Credit Suisse Group AG – New York)

Wilson Ervin is a Vice Chairman at Credit Suisse in the group executive office. He works on a variety of strategic projects, especially policy reforms related to bank capital and ending “too-big-to-fail”. He also chairs the Credit Suisse Americas Foundation, the Impact Investment Advisory Council, and the Partner Asset Facility. Prior to his current role, Mr. Ervin was the Chief Risk Officer of Credit Suisse, a member of the Executive Board, and chair of the Capital Allocation and Risk Management Committee. From 1990 to 1998, Mr. Ervin worked at Credit Suisse Financial Products, where he headed new product development. Before 1990, he held various roles in capital markets (both fixed income & equity), Australia investment banking, and the Mergers & Acquisitions group. Mr. Ervin recently received the Risk Magazine “Lifetime Achievement Award” for his efforts to end “too big to fail”. He currently serves on the board of Worldwide Orphans (WWO), City Harvest, and the Corporate Partnerships Committee of the Environmental Defense Fund. Mr Ervin received his A.B., summa cum laude, in economics from Princeton University. In early 2012 he wrote the seminal article on Bail-in published in the Economist and has been active on the topic since then.

 

Commentator

Patrick Honohan (Honorary Professor of Economics at Trinity College Dublin; Nonresident Senior Fellow at the Peterson Institute for International Economics)

Patrick Honohan was Governor of the Central Bank of Ireland and a member of the Governing Council of the European Central Bank from September 2009 to November 2015. He is an honorary professor of economics at Trinity College Dublin and a nonresident senior fellow at the Peterson Institute for International Economics, Washington, DC. Previously he spent twelve years on the staff of the World Bank where he was a Senior Advisor on financial sector issues. During the 1990s he was a Research Professor at Ireland’s Economic and Social Research Institute. In the 1980s he was Economic Advisor to the Taoiseach (Irish Prime Minister) Garret FitzGerald. He also spent earlier spells at the Central Bank of Ireland and at the International Monetary Fund. A graduate of University College Dublin, he received his PhD in Economics from the London School of Economics in 1978. He has taught economics at the London School of Economics, at University College Dublin and as a visitor to the University of California San Diego and the Australian National University as well as at Trinity College Dublin. He was elected a member of the Royal Irish Academy in 2002.

 

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.

Oct
4
Wed
Online Seminar – Resolution Planning in Practice @ FBF Online Platform
Oct 4 @ 1:00 pm – 2:00 pm

Participation free, registration mandatory

CLICK TO REGISTER  

Resolution planning is at the heart of Europe’s new banking resolution regime and is a central power of resolution authorities. Yet, how resolution plans are prepared, discussed and implemented remains poorly understood, both in policy-making and in academic circles.

Against this background, this online seminar will provide a strategic overview of the essential and constitutive steps of the resolution planning process and will offer a solid understanding of new fundamental notions which are too often taken for granted such as for example the ‘preferred resolution strategy’, ‘critical functions’, ‘resolution tools’ and the ‘resolvability assessment’.

More specifically, the seminar will address the following questions: what are the steps the Single Resolution Board (SRB) takes in developing resolution plans? How are the critical functions identified? What are the key elements of the resolvability assessment?

 

Speakers

Mauro Grande (Member of the Single Resolution Board)

Mauro Grande is a member of the Single Resolution Board (SRB) as Director of Strategy and Policy Coordination. He is in charge of resolution strategy and cooperation which cover a range of cross-cutting issues relating to the core resolution activities as well as the interplay with relevant stakeholders. In that capacity, he chairs the SRB Committee on Cooperation between the SRB and the NRAs. Previously, he was Adviser to the Executive Board of the European Central Bank (ECB) from 2012 until 2015. After obtaining a degree in economics, Mr Grande started his professional career in finance and banking. From 1983 to 1990, he worked for the Banca d’Italia and was seconded to the European Commission and then to the European Monetary Institute. He has worked for the ECB in the area of prudential supervision and financial stability as Head of Division, Director and then Director General, participating in international (Financial Stability Board, Basel Committee on Banking Supervision) and EU (Financial Services Committee, European Banking Authority) bodies.

 

Sophie Steins Bisschop (Single Resolution Board, Directorate for Resolution Strategy, Processes and Methodology)

Sophie Steins Bisschop is working for SRB Directorate A, responsible for resolution strategy and methodology. She is co-responsible for designing SRB Methodologies on Critical Functions and the Public Interest Assessment. In parallel, she has supported resolution units in drafting resolution plans. Prior to joining SRB, Sophie worked at De Nederlandsche Bank, both in supervision and financial stability. Sophie holds a bachelor’s degree in Economics and Master’s degrees in Finance and Journalism.

 

 

 


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.

Oct
9
Mon
Bank Regulation and Systemic Risk @ Villa Schifanoia
Oct 9 – Oct 11 all-day
Bank Regulation and Systemic Risk @ Villa Schifanoia | Firenze | Toscana | Italy

Course Instructor: Jean Charles Rochet (University of Zurich)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced

This course will focus on the following topics:

  • The objectives of prudential regulations
  • Capital regulation for banks: static and dynamic models
  • Bank runs and the Lender of Last Resort
  • Systemic risk and contagion
  • Bank resolution and Total Loss Absorbing Capacity

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students, Research departments of private banks, and EU officials. Participants are expected to be familiar with basic banking and finance models and to have some understanding of dynamic optimization and of basic simulation techniques.

Click here for further information and registration

Oct
30
Mon
Regulation of Shadow Banks @ University of Amsterdam
Oct 30 – Oct 31 all-day
Regulation of Shadow Banks @ University of Amsterdam | Amsterdam | Noord-Holland | Netherlands

Course Instructors: Enrico Perotti, Bart Joosen and Roger Laeven (University of Amsterdam); Iman van Lelyveld (Free University of Amsterdam and DNB)
Area: Financial Stability and Regulation
Level: Intermediate

This course will focus on the following topics:

  • Financial and prudential aspects, with some attention to its legal underpinnings.
  • Shadow banking understood as a financial segment that expands and contracts credit outside the regulatory perimeter.
  • Key elements of shadow banking regulation as well as emerging issues related to their relevance for macro-prudential policy.
  • European (as well as some US) legislation on insurance companies, money mutual funds and central clearing platforms for derivatives.
  • Review of typical shadow banking funding and lending strategies such as secured credit and security lending.

This course is targeted at Financial Stability officers, Research department officers, Ph.D. and Post-doctoral researchers, Assistant Professors, Research department of private banks, EBA, SSM, SRB, ESRB, EU officials. Participants are expected to have a degree in Social Sciences and to have a general command of EU financial regulation.

Click here for further information and registration

Nov
22
Wed
The Law, Economics and Practice of EU Banking Resolution @ European University Institute
Nov 22 – Nov 25 all-day
The Law, Economics and Practice of EU Banking Resolution @ European University Institute | San Domenico, Fiesole | Toscana | Italy

Joint Autumn School of the Florence School of Banking & Finance and the School of Transnational Governance

Course Director: Bart Joosen (VU University, Amsterdam)
Instructors: Boudewijn Berger (ABN AMRO); Bart Joosen (VU University, Amsterdam); Pierre Schlosser (FBF); Agnieszka Smolenska (FBF); Andrea Resti (Bocconi University); Emiliano Tornese (DG Fisma, EC); Tobias Troeger (Goethe University, Frankfurt)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced

The joint FBF-STG Autumn School seeks to intensify and strengthen knowledge on the part of public authorities, practitioners and academics as well as foster an in-depth dialogue on the merits and challenges in the implementation of the new EU resolution framework.

The learning objectives of this course are to:

  • Acquire the essentials of the new EU banking resolution regime – its rules and principles, actors and procedures
  • Understand and apply the key concepts of bank resolution (e.g. Resolution Tools, Resolution Objectives, Bail-In, No CreditorWorse Off in Liquidation, Minimum Requirements for Own Funds and
  • Eligible Liabilities, Total Loss Absorption Capacity)
  • Learn how to assess recovery plans in practice
  • Learn how to design and implement resolution plans in practice

This course is targeted at policy-makers and experts from European institutions and agencies (European Commission, European Central Bank/Single Supervisory Mechanism, European Systemic Risk Board, Single Resolution Board, European Banking Authority, European Stability Mechanism); policy-makers and experts from National Finance Ministries, National Central Banks, National Resolution Authorities and officials from Foreign Affairs Ministries; private lawyers and private banking practitioners; Ph.D. researchers and post-doc researchers.

Click here for further information and registration