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Sep
16
Thu
Should the Stability and Growth Pact’s 3% deficit rule be abandoned? #FBFDiscuss! @ Online
Sep 16 @ 1:00 pm – 2:00 pm

Watch the event live!

 


Register here The third event of the #FBFDiscuss! series will develop around the motion: “Should the Stability and Growth Pact’s 3% deficit rule be abandoned?” The Stability and Growth Pact (SGP) aims to ensure that Member States pursue sound public finances, while coordinating their fiscal policies. Given their crucial role in avoiding potential spillovers between countries, SGP rules constantly cause controversies and hit the headlines. In the present times of economic downturn, during which the EU activated general escape clauses, different voices in policy and academic circles have questioned the maintenance of a deficit requirement within the SGP framework. Is the current Covid-19 setting the time to rethink the EU fiscal framework, in particular the consequences of not complying with the 3% GDP Treaty reference value? How will greater fiscal flexibility impact the economic recovery?  

Proponent

Jean Pisani-Ferry (Tommaso Padoa Schioppa Chair at the European University Institute) Prof. Jean Pisani-Ferry holds the Tommaso Padoa Schioppa Chair of the European University Institute. He is a Senior Fellow at Bruegel, the European think tank, and a Non-Resident Senior Fellow at the Peterson Institute (Washington DC). He is also a Professor of Economics with Sciences Po (Paris).

 

Opponent

Volker Wieland (Endowed Chair for Monetary Economics at the Institute for Monetary and Financial Stability), Prof. Volker Wieland, Ph.D. holds the Endowed Chair of Monetary Economics at the Institute for Monetary and Financial Stability since March 2012. Since June 2012, he serves as Managing Director of the IMFS. Previously, he was Professor of Monetary Theory and Policy at Goethe University Frankfurt (2000-2012) and a Founding Professor of the IMFS. From 2003 until 2009 Wieland was Director of the Center for Financial Studies.

 

Moderator

Maria Ana Barata (EUI, FBF) is a Research Associate at the Florence School of Banking and Finance, part of the Robert Schuman Centre at the European University Institute (EUI), in Florence, Italy, since January 2020. Maria defended her Ph.D. thesis in June 2021 at the EUI Law Department on ‘“Between a Rock and a Hard Place. The Tensions between Banking Competition and Financial Stability within EU Resolution Law.”, and the key findings are available here. Before her PhD, she completed her Law degree at Faculdade de Direito de Lisboa in Portugal (2013) and a LLM in Comparative, European and International Laws from the EUI (2017). Between 2013 and 2016 Maria worked as a corporate lawyer for three years at Linklaters LLP in Lisbon, where she also prepared her admission to the bar. Her research interests cover Financial Stability, Banking Law, Bank Resolution Law, and State Aid.  

References

    • H. Badinger H. Reuter, ‘The case for fiscal rules’, Economic Modelling, Vol. 60, pp. 334-343, jan. 2017, link
    • L. Feld, C. Schmidt, I. Schnabel, V. Wieland, ‘Refocusing the European fiscal framework’, VoxEU post, Sept. 2018, link
    • German Council of Economic Experts, ‘Gemeinsam gestärkt aus der Krise hervorgehen’,  Annual Report 2020/2021, Chapter 3, pp 175-186 Translated in English at this link
    • P. Martin, J. Pisani-Ferry, X. Ragot, ‘A new template for the European fiscal framework’, VoxEU post, May 2021, link
#FBFDiscuss! is a new Oxford-Union style debate format that will bring together two contestants from academia to debate a specific motion. After the opening statements, the event will see the direct participation of the public who will have the chance to pose their questions and vote for their favourite opinion. Join the discussion! Follow #FBFDiscuss on Twitter!
Sep
17
Fri
Panel Data for Banking Sector Analysts @ Online
Sep 17 – Oct 8 all-day
Quantitative

Course dates: 17 September – 08 October 2021

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.

Oct
1
Fri
Sitting on Boards: Better Quality and Better Governance @ EUI Premises, Florence
Oct 1 – Oct 3 all-day

Course dates: 01 – 03 October 2021

Training Programme

Sitting on Boards: Better Quality and Better Governance

Residential* training, fees apply

*Format subject to changes, depending on the circumstances.

Information and Registration

Oct
11
Mon
Macro-prudential Policy Implementation @ Online
Oct 11 – Oct 29 all-day
Qualitative

Course dates: 11 – 29 October 2021

Course Director: Tuomas Peltonen (European Systemic Risk Board)

Core Faculty: Thorsten Beck (EUI, FBF); Marco Lo Duca (ECB); Barbara Jarmulska (ECB); Katarzyna Budnik (ECB); Clemens Bonner (DNB)

Guest Instructors: Stephen G. Cecchetti (ESRB ASC); Stephan Fahr (ECB); Christoph Fricke (ESRB); Christoffer Kok (ECB); Etienne Lepers (OECD); Olaf Weeken (ESRB)

Advisors: Thorsten Beck (EUI, FBF); Pierre Schlosser (EUI, FBF)

Teaching Associates: Evgenia Ralli (EUI, FBF); Natalie Kessler (EUI, FBF)

Keynote lecture: Richard Portes (ESRB/ASC)

Area: Financial Stability and Macroprudential policy

Level: Introductory/Intermediate

Target: Macroprudential authorities from emerging market economies, EU officials, financial stability and research department of Central Banks; students, post-doc researchers; assistant professors; private sector economists and lawyers

Oct
25
Mon
Securitisation: Regulation and Practice @ Online
Oct 25 – Nov 14 all-day
Qualitative

Course dates: 25 October – 14 November 2021

Course Director: Bart Joosen (VU University Amsterdam and Recofise)

Course Instructors: Anna Bak (AFME); Patrizia Canziani (Structured Finance Professional); Giovanni Inglisa (EIB); Mira Lamriben (EBA); Pablo Sinausia Rodriguez (EBA); Jean Jacques van Helten (EUI,FBF)

Teaching Associate: Vasiliki Yiatrou (EUI)

Area: Regulation, Supervision and Resolution

Level: Introductory/Intermediate

Target: Financial Regulators and Supervisors; Members from Central Banks and Institutions (EU, intergovernmental, national goverments); Academic researchers; Personnel in private banks and law firms.

Nov
10
Wed
Empirical Methods in Sustainable Finance @ EUI Premises
Nov 10 – Nov 12 all-day
Quantitative

Course dates: 10-12 November 2021

Venue: EUI Premises, Florence

Course Instructors: Andrada Bilan (Swiss National Bank), Steven Ongena (University of Zurich)

Area: Statistical and Econometric Methods

Level: Intermediate/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.

More Information

Nov
17
Wed
Bank Crisis Management – what next? @ Online
Nov 17 – Nov 18 all-day

SRB – FBF – SAFE Academic event | Online, 17-18 November 2021

Call for papers

Deadline for submissions: 1 September 2021

 

Download the call for papers


The Single Resolution Board, the Florence School of Banking and Finance, and the Leibniz Institute for Financial Research SAFE are organising an interdisciplinary academic event, entitled ‘Bank crisis management – what next?’. The event will take place in the afternoons of 17 & 18 November 2021 in a virtual format. With the Global Financial Crisis now more than a decade behind us, and against the backdrop of a seemingly strongly recovering economy, this academic event aims to identify, and evaluate the successes and challenges of the post-crisis EU bank crisis management framework. How has the presence of new resolution tools, precautionary measures and regulations stood up in times of stress? Are we on a road to economic recovery that will also invigorate the financial sector? Or is the financial sector standing on a dangerous cliff edge that is yet to be recognised? What are the next steps in the journey towards a sustainable and stable financial sector in the EU and in other jurisdictions? These and more questions will be explored during the two half-day conference jointly organised by the SRB, FBF, and SAFE. The event brings together leading scholars, and policy-makers to discuss economic, financial, legal, political and public policy topics located at the cutting edge of financial stability and bank crisis management, both from a European and non-European perspective.  

Topics

We welcome original theoretical and empirical contributions, from different disciplines and geographies, on topics including, but not limited to:
  • Review of the EU bank crisis management and deposit insurance framework: tension between handling bank failures and protecting depositors;
  • Completing the Banking Union: the European Deposit Insurance Scheme;
  • Shielding EU public money from the effects of bank failures under EU State Aid rules;
  • Interaction between liquidity, capital and bail-inable debt requirements;
  • Cross-border resolution and challenges for home/host authorities;
  • Liquidity and funding in resolution: progress and challenges ahead;
  • Did post-financial-crisis reforms make the EU banking sector more resilient?;
  • Moments of widespread bank fragility: contagion, systemic risk, and resolution;
  • The role of international standard-setting in resolution and crisis management rules;
  • The impact of Covid-19 on European banks and on the EU bank crisis management framework;
  • Does the exit strategy post-Covid-19 pose a challenge to the banking sector?; and
  • Safe assets & Covid-19 recovery.
While some of the topics are Europe-specific, we also encourage papers that assess non-European experience.  

Submissions

  • Each contribution should address one of the above topics and should include an Extended Abstract of maximum one-page.
  • The deadline for submission is 1 September 2021.
  • The authors of papers accepted by the Scientific Committee will be notified by 15 October 2021.
  • The selected papers will be eligible for publication on the SRB, FBF, and SAFE websites. Presenters may also be interviewed for an SRB podcast and for selected short FBF videos.
Submit your paper here
Nov
22
Mon
Cross-border Banking Supervisory Cooperation @ Online
Nov 22 – Dec 10 all-day
Qualitative

Course dates: 22 November – 10 December 2021

Course Directors: Ignazio Angeloni (SAFE, Goethe University Frankfurt); Maria Ana Barata (EUI, FBF); Thorsten Beck (EUI, FBF); Christy-Ann Petit (Dublin City University/Brexit Institute)

Course Instructors: Mathias Dewatripont (ULB); Andrea Federico (Oliver Wyman); Andrew Gracie (Deloitte); Eva Hüpkes (FSB); Korbinian Ibel (ECB); Boštjan Jazbec (SRB); Stéphane Kerjea (ECB); Michel Kohn (ECB); Gyöngyi Lóránth (Universität Wien); Martin Oehmke (LSE and Political Science); Chryssa Papathanassiou (ECB); John Roche (ECB); Emiliano Tornese (EC-DG FISMA, FBF); Tobias Troeger (Goethe-University Frankfurt am Main); Neeltje van Horen (Bank of England, University of Amsterdam); Oliver Wuensch (Oliver Wyman)

Guest Speakers: John C. Berrigan (Director-General, EC-DG FISMA); Lorenzo Bini Smaghi (Chairman, Société Générale); Nicolas Véron (Senior Fellow, PIIE/ Bruegel); Jukka Vesala (Director of Credit Risk Control, Nordea Finland); Boris Vujčić (Governor, Croatian National Bank)

Area: Regulation, Supervision and Resolution

Level: Introductory/Intermediate

Target: Mid and high-level officials from central banks, regulatory authorities, ministries of finance, interested young professional and academics, mid-level and senior bank staff

Nov
30
Tue
Lecture by Irene Tinagli @ Online
Nov 30 @ 1:00 pm – 2:00 pm

Women in Finance series

LECTURE

by Irene Tinagli, Chair of the Economic & Monetary Affairs Committee at the European Parliament 30 November 2021 – 13:00 CEST


The Women in Finance series aims to highlight successful women across different areas of finance, public service, academia, and private sector. In our third event of the series, Ms Irene Tinagli will held a lecture.

Speaker

Irene Tinagli, Chair of the Economic & Monetary Affairs Committee at the European Parliament






 

Chair

Elena Carletti is Professor of Finance at Bocconi University. She is also founding director of the Florence School of Banking and Finance Florence School of Banking and Finance at the European University Institute, is a member of Board of Directors of Unicredit SpA and a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB).