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Mar
15
Thu
The banks and the market – Lecture by Sabine Lautenschläger @ Palazzo Incontri
Mar 15 @ 4:00 pm – 6:10 pm

Click here to register

 

Abstract

In her speech, Sabine Lautenschläger will argue that, in a well-functioning banking sector, banks must be able to fail. It is key, however, that they can do so in an orderly manner without destabilizing the entire banking system. Against that backdrop, Ms Lautenschläger will discuss the role of the supervisor within the European framework for bank resolution. She will also shed light on the importance of the upcoming European stress test for supervisors’ assessments of banks’ resilience.

The event will be in Italian and English, simultaneously translated.

 


Agenda

16:35 | Opening remarks by Giuseppe Morbidelli (President, Fondazione CESIFIN Alberto Predieri)

16:40 | Presentation of the FBF and the speaker by Elena Carletti (Scientific Director, Florence School of Banking and Finance)

16:45 | Lecture by Sabine Lautenschläger (Member of the Executive Board and Vice-Chair of the Supervisory Board of the ECB): ‘The banks and the market’

17:30 | Questions and answers with the public, moderated by Emilio Barucci (Full professor of Financial Mathematics, Polytechnic University of Milan)

18:00 | Closing remarks by Brigid Laffan (Director, Robert Schuman Centre for Advanced Studies, European University Institute) and Giuseppe Rogantini-Picco (Member of the Board, Fondazione CR Firenze)

18:10 | Cocktail for all participants

 


Speaker

Sabine Lautenschläger
Member of the Executive Board & Vice-Chair of the Supervisory Board of the European Central Bank

Sabine Lautenschläger, born in 1964, studied law in Bonn. After passing the second state examination in law, she joined the Bundesaufsichtsamt für das Kreditwesen (BAKred – Federal Banking Supervisory Office), which later became the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin – Federal Financial Supervisory Authority). In the course of her career at BAKred/BaFin, she held several management positions before being appointed BaFin’s Chief Executive Director of Banking Supervision in 2008. Later, in 2011, she additionally was Member of the Management Board and Board of Supervisors of the European Banking Authority (EBA) in London. In 2011 Sabine Lautenschläger moved to the Deutsche Bundesbank, serving as Vice-President until January 2014 when she was appointed to the Executive Board of the European Central Bank. As Member of the Executive Board she is also Member of the Governing Council which is responsible for the Monetary Policy in the Euro Area. Since her appointment as Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM) in February 2014, she has also been in charge of ECB Banking Supervision. She represents ECB Banking Supervision in the Basel Committee on Banking Supervision and in the Financial Stability Board Plenary.

 


EVENT CO-ORGANISED WITH

Fondazione CESIFIN Alberto Predieri

Fondazione CR Firenze

Mar
19
Mon
Financial Frictions and Macroprudential Policies @ EUI Premises, Florence
Mar 19 – Mar 21 all-day
Financial Frictions and Macroprudential Policies @ EUI Premises, Florence | Fiesole | Toscana | Italy

Course Instructor: Nobuhiro Kiyotaki (Princeton University)
Area: Financial Stability and Macroprudential policy
Level: Advanced

This course will focus on the following topics:

  • Rationale for macroprudential policy;
  • DSGE models with a financial sector;
  • Interactions between the real and the financial sectors;
  • Financial accelerator, booms and busts.

This course is targeted at EBA, SSM, SRB, ESRB, EU officials, financial stability and research department of Central Banks, Ph.D. students, private sector economists.

Click here for further information and registration

Apr
5
Thu
Understanding the Common European framework for Supervisory Review and Evaluation Process (SREP) @ EUI Premises, Florence
Apr 5 – Apr 6 all-day
Understanding the Common European framework for Supervisory Review and Evaluation Process (SREP) @ EUI Premises, Florence | Fiesole | Toscana | Italy

Course Instructors: Slavka Eley, Oleg Shmeljov (European Banking Authority)
Area: Bank Regulation, Supervision and Resolution
Level: Intermediate

This course will focus on the following topics:

  • Business model Analysis;
  • Internal governance;
  • Assessing risks to capital;
  • Liquidity and funding;
  • SREP capital adequacy assessment;
  • SREP liquidity adequacy assessment;
  • Supervisory and early intervention measures

This course is targeted at SSM, SRB, ESRB, EU officials, economists and risk managers in financial institutions and private banks, lawyers and accountants, Ph.D. students, post-graduate researchers, assistant professors.

Click here for further information and registration

Apr
19
Thu
Credit and the Macroeconomy: Leverage Cycles, Asset Prices and Crisis @ EUI Premises, Florence
Apr 19 – Apr 20 all-day
Credit and the Macroeconomy: Leverage Cycles, Asset Prices and Crisis @ EUI Premises, Florence | Fiesole | Toscana | Italy

Course Instructor: Moritz Schularick (University of Bonn)
Area: Financial Stability and Macroprudential policy
Level: Intermediate

This course will focus on the following topics:

  • Financial cycles and the economy;
  • Interest rates and returns on capital;
  • Financial crisis prediction: tools and accuracy;
  • Bank capital and financial stability;
  • Debt overhang and recovery from crises;
  • Managing credit booms: macroprudential vs. monetary policy

This course is targeted at EBA, SSM, SRB, ESRB, EU officials, financial stability and research department of Central Banks, Ph.D. students, post-doc researchers; assistant professors; private sector economists.

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Apr
24
Tue
Managing and Understanding Sovereign Debt Risks and Restructuring @ EUI Premises
Apr 24 – Apr 25 all-day
Managing and Understanding Sovereign Debt Risks and Restructuring @ EUI Premises | Fiesole | Toscana | Italy

Course Instructor: Lee C. Buchheit (Cleary Gottlieb Steen & Hamilton LLP); Mitu Gulati (Duke University); Jeromin Zettelmeyer (Peterson Institute of International Economics)
Area: Risk Management
Level: Intermediate

This course will focus on the following topics:

  • Sovereign default and restructuring risk;
  • How do sovereign borrowers get into trouble?
  • The warning signs of sovereign distress.
  • Initial maneuvers to escape and evade the crisis.
  • The options when the initial maneuvers don’t work — bailout or restructure
  • The evolution of sovereign debt restructuring techniques — 1982 to 2017
  • The role of the official sector
  • Contractual provisions that facilitate, or that retard, sovereign debt workouts
  • Sovereign debt restructuring after Greece and Argentina

This course is targeted at EBA, SSM, SRB, ESRB, EU officials, financial stability and legal department experts in Central Banks, Ph.D. students, private sector members, law firms and practitioners.

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Apr
26
Thu
FBF Annual Conference: ‘Institutions and the Crisis’ @ Villa Schifanoia
Apr 26 all-day
FBF Annual Conference: 'Institutions and the Crisis' @ Villa Schifanoia | Firenze | Toscana | Italy

The annual conference of the Florence School of Banking and Finance, organised at the European University Institute (EUI) brings together leading economists, lawyers, political scientists and policy makers to critically analyse, review and debate the most salient elements and gaps of Europe’s post-crisis institutional architecture.

Organisers:

Franklin Allen | Brevan Howard Centre Imperial College
Elena Carletti | BAFFI CAREFIN Bocconi University and European University Institute
Mitu Gulati | Duke University

Background:

The crisis has turned Europe’s economic and financial governance into a patchwork of bodies, instruments and rules that are hard to disentangle. Against this background, the purpose of this conference is to critically analyse, review and debate the most salient elements and gaps of Europe’s post-crisis institutional architecture.

More specifically, the conference aims:
  • to draw analytical and practical lessons from the crisis management solutions provided by European Union institutions
  • to interrogate how courts discussed, challenged and legitimized the EU’s key crisis-led decisions
  • to look ahead and boldly ask and discuss what should be the Economic and Monetary Union’s optimal institutional set-up – also in light of a renewed and conceivably more dynamic French-German cooperation moment.

Sessions:

  • Session 1: A Look Back: Evaluating European Institutions’ Crisis Management
  • Session 2: Disentangling The Crisis And The Courts
  • Session 3: The Way Forward: The Eurozone’s Institutional Prospects

MORE INFORMATION AND REGISTRATION

Apr
27
Fri
EUI-nomics 2018 @ EUI Premises, Florence
Apr 27 all-day
EUI-nomics 2018 @ EUI Premises, Florence | Fiesole | Toscana | Italy

Since 2011, the EUI-nomics workshops provide an annual forum for discussion among academics, policy-makers and private sector economists. Current and expected global economic perspectives and conditions are reviewed and discussed, with a special focus put on the euro area and its Member States.

Leading economists will provide comprehensive briefings about each country or area’s economic outlook. The 2018 EUI-nomics workshop will be completed by a policy panel debating the extent of the remaining heterogeneity in the euro area and its implications for policy-making and market performance.

The event is organised by Prof. Massimiliano Marcellino in the framework of Pierre Werner Chair and Global Governance programme.

MORE INFORMATION AND REGISTRATION

May
8
Tue
Bank Regulation for Supervisory Purposes @ EUI Premises, Florence
May 8 – May 9 all-day
Bank Regulation for Supervisory Purposes @ EUI Premises, Florence | Fiesole | Toscana | Italy

Course Instructors: Emiliano Sabatini, Antonio Schifino (Bank of Italy)
Area: Bank Regulation, Supervision and Resolution
Level: Introductory/Intermediate

This course will focus on the following topics:

  • An overview of the solvency ratio: regulatory capital and Pillar I risks.
  • The main answers of micro-prudential regulators to the crisis.
  • The backstop measures.
  • Pillar II and its role under the Single Supervisory Mechanism.
  • An overview of the main IFRS accounting standards on financial instruments and their implications from a regulatory perspective.
  • The main differences between the accounting and the regulatory frameworks with reference to consolidation.

This course is targeted at EBA, SSM, SRB, ESRB, EU officials, lawyers, political scientists, Ph.D. students, accountants, private sector economists.

Click here for further information and registration

May
22
Tue
Measuring and Forecasting Volatility and Risk @ Barcelona
May 22 – May 24 all-day
Measuring and Forecasting Volatility and Risk @ Barcelona | Barcelona | Catalonia | Spain

Course Instructors: Christian Brownlees (Universitat Pompeu Fabra), Fabio Canova (FBF and BI Norwegian Business School)
Area: Statistical and Econometric Methods
Level: Intermediate/Advanced

This course will focus on the following topics:

  • Estimation and forecasting.
  • Models of time varying correlations: estimation and forecasting.
  • VaR and Systemic risk: measures and forecasting techniques.

This course is targeted at Financial Stability and Research departments in central banks, Ph.D. and Post-doctoral researchers, Assistant Professors, Research department officers of private banks, EU institutions.

Click here for further information and registration

Jun
6
Wed
Liquidity, Price Discovery, Risk and Market Design @ EUI Premises, Florence
Jun 6 – Jun 8 all-day
Liquidity, Price Discovery, Risk and Market Design @ EUI Premises, Florence | Firenze | Toscana | Italy

Course Instructors: Thierry Foucault (HEC Paris)
Area: Statistical and Econometric Methods
Level: Intermediate/Advanced

This course will focus on the following topics:

  • Models of price discovery and illiquidity in financial markets
  • Estimating the determinants of illiquidity with intraday data.
  • Market design and policy (market transparency, algorithmic and high frequency trading, OTC vs. centralized trading).
  • Real effects of liquidity and price discovery.

This course is targeted at Researchers in central banks, Ph.D. and Post-doctoral researchers, Assistant Professors, Research departments of private banks, EU officials.

Click here for further information and registration