logo-eui RSCAS

VIDEOS

The recordings of the online seminars are available here:

 

Banking on Bail-in

Wilson Ervin (Vice Chairman, Credit Suisse NY), Patrick Honohan (Honorary Professor of Economics at TCD, Nonresident Senior Fellow at the Peterson Institute for International Economics) and Stefano Cappiello (Deputy Director, FBF) explore the regulatory solutions to bank failures and systemic crises, discussing the ‘to do’ list and the relationship between bail-in and the Banking Union.

View in YouTube

Sustainable Finance: Rationale and Building Blocks

Ugo Bassi (Director of Financial Markets in the European Commission’s DG FISMA) and Juri Mara (Financial Economist Officer, European Commission, DG FISMA) presented the recent Sustainable Finance Action Plan issued by the European Commission. The financial system is being reformed to address the lessons of the financial crisis, and in this context it can be part of the solution towards a greener and more sustainable economy.

View in YouTube

Sovereign-bond backed securities (SBBS): from Theory to Practice

Peter Grasmann (Head of Unit, Economic Analysis of Financial Markets and Financial Stability – DG FISMA, European Commission) and Davide Lombardo (Senior Economist, EU/Euro Area Financial Sector Unit – DG FISMA, European Commission) present the broad contours of the draft legislation regulating SBBS, and discuss the trade-offs faced when drafting it and the rationale underpinning the various choices.

View in YouTube

Bank Lending in The Age of Digital Disruption

Jean Dermine (Professor of Banking and Finance, INSEAD) analyses how digital technologies are disrupting the world of banking, discussing peer-to-peer (P2P) lending and the case of Lending Club. Giacomo Calzolari (Professor of Economics, University of Bologna) discusses the future prospects for FinTech and its implications for regulators.

View in YouTube

The Road to a European Monetary Fund

Rolf Strauch (Chief Economist and Member of the Management Board, European Stability Mechanism) provides his insights on the creation of the European Monetary Fund and the competences of the ESM, discussing the opportunities to further integrate the monetary union. Marcello Messori (Professor of Economics, LUISS Guido Carli University), provides his views and comments on the argument.

View in YouTube

Risk Reduction in the Banking Union: NPLs and Sovereign Debt Concentration

Daniel Gros (Director, CEPS) and Willem Pieter De Groen (Research Fellow and Head of Financial Markets and Institutions Unit, CEPS ) engage with two prominent risk-reduction challenges: the treatment of Non-Performing Loans (NPLs) and the concentration of sovereign exposure.

View in YouTube

A French-German Vision on Euro Area Reform

Jean Pisani-Ferry (EUI, Bruegel, Hertie School of Governance and Sciences Po), Henrik Enderlein (Hertie School of Governance and Jacques Delors Institute Berlin) and Jeromin Zettelmeyer (Peterson Institute for International Economics) discuss a proposal for Euro Area reform formulated by a group of independent French and German economists.

View in YouTube

Venezuela’s ‘Hunger’ Bonds

Mitu Gulati (Professor of Law at Duke University) and Jeromin Zettelmeyer (Senior Fellow at the Peterson Institute of International Economics) discussed debt restructuring in the framework of the Venezuelan crisis, where an anti-democratic leadership continues to favor the interests of foreign bondholders over a deprived local population.

View in YouTube

The Future of the Banking Union

Mario Nava (Director, Financial System Surveillance and Crisis) alongside colleagues from DG FISMA Giulia Bertezzolo (Policy officer), Markus Aspegren (Economist) and Davide Lombardo (Senior Economist) discussed the measures to be adopted to finalise the Banking Union, as presented in the recently published communication on “Completing the Banking Union”.

View in YouTube

Resolution Planning in Practice

Mauro Grande (Member of the SRB) explained in details the process of preparing resolution plans, addressing the historical evolution, horizontal issues and key elements. In the Q&A session that followed, Sophie Steins Bisshop (SRB Directorate A) discussed with participants triggers for resolution, resolution tools used for the Banco Popular case and the own nature of critical functions.

View in YouTube

Ending Too-Big-to-Fail: a Transatlantic Perspective

Wilson Ervin (Vice Chairman at Credit Suisse) described the development of ‘bail-in’ as a schematic to address the ‘too big to fail’ problem, comparing it to alternative techniques as well as to the regulatory frameworks in the United States and in the European Union. The presentation is complemented by a commentary by Patrick Honohan, former Governor of the Central Bank of Ireland, currently an honorary professor of economics at Trinity College Dublin and a nonresident senior fellow at the Peterson Institute for International Economics.

View in YouTube

To Fail or Not to Fail?

Christos Gortsos (National and Kapodistrian University of Athens) outlines the conditions for the resolution of credit institutions under recent EU Law; then, jointly with Seraina Grünewald (Assistant Professor for Financial Market Law at the Institute of Law of the University of Zurich), they highlight how the rules were applied and what were their outcomes in the recent cases of Spanish and Italian banks.

View in YouTube

The Future of CoCos

International finance expert Enrico Perotti (Professor of International Finance at University of Amsterdam) assesses the evolution and the future prospectives for Contingent Convertible (CoCo) bonds. The presentation is followed by and a commentary by Simon Gleeson (Partner at Clifford Chance London), a legal expert and practitioner in financial services and banking regulation.

View in YouTube

Lost in TLAC

Tobias Tröger (Chair of Private Law, Trade and Business Law and Jurisprudence, Goethe-University Frankfurt am Main) addresses the Financial Stability Board’s Total Loss-Absorbing Capacity (TLAC) requirements, with a particular look at the EBA’s Minimum Requirement for Own Funds and Eligible Liabilities (MREL) prescriptions in the Bank Recovery and Resolution Directive.

View in YouTube

After Brexit: what next for the EMU, UK and the EU?

Joaquín Almunia (Former vice-president of the European Commission), Ramon Marimon (European University Institute and UPF – Barcelona GSE), Gorgio Monti (European University Institute; ADEMU) and Morten Ravn (University College London; ADEMU) discuss Brexit and its implications, among others, on the EMU and the single market.

View in YouTube

Contingent Convertible Debt Instruments: regulatory use and market development

Enrico Perotti (Professor of International Finance at University of Amsterdam) addresses the new regulatory treatment of Contingent Convertible Debt instruments and the development of the underlying CoCo bond markets, analysing along various dimensions of the contractual feature of the existing stock of debt.

View in YouTube

Learning from the Euro Crisis in Order to Avoid New Ones

Organised in the framework of the ADEMU project and moderated by Ramon Marimon (ADEMU Scientific Coordinator), this seminar discusses the euro crisis with Thomas F. Cooley (Stern School of Business, NYU), Giancarlo Corsetti (Cambridge University), Lucrezia Reichlin (London Business School), René Smits (University of Amsterdam) and ADEMU-EUI Working Group members.

View in YouTube

Capital and Bail in Debt Buffers: Loss Absorption vs Risk Incentives

This seminar offers a critical approach to capital requirements with a particular emphasis put on risk absorption capacity in the context of the new Capital Requirements Directive (CRD4) and the Financial Stability Board’s Total Loss Absorbing Capacity (TLAC) standard. Presentation by Enrico Perotti (Professor of International Finance at University of Amsterdam).

View in YouTube

The Rise of Fiscal Europe? Negotiating Europe’s New Economic Governance

Brigid Laffan (Director, Robert Schuman Centre for Advanced Studies) and Pierre Schlosser (Scientific Coordinator, FBF) discuss a research report entitled The Rise of a Fiscal Europe? Negotiating Europe’s New Economic Governance, dissecting the key negotiations and decisions made following the Eurozone debt crisis and exploring their long term and profound political implications.

View in YouTube

Discussing the Greek Crisis: is debt relief inevitable?

Evi Pappa (Professor of Macroeconomic, EUI), Christos Hadjiemmanuil (Professor of International and European Monetary and Financial Institutions, University of Piraeus), Thomas Cooley (Professor of Economics, NYU Stern) and Ramon Marimon (Professor of Economics and Pierre Werner Chair, EUI) discuss the Greek crisis, particularly the economic ramifications of the latest bailout deal.

View in YouTube