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Calendar

Dec
11
Fri
Legal and Institutional Dimensions of EMU: Economists and Legal Scholars in Discussion @ Sala Triaria, Villa Schifanoia
Dec 11 all-day
Legal and Institutional Dimensions of EMU: Economists and Legal Scholars in Discussion @ Sala Triaria, Villa Schifanoia | Fiesole | Toscana | Italy

The purpose of this workshop is to begin discussions on four key areas in which actual or proposed changes to EMU can meet with legal and institutional constraints or raise important issues of design and effectiveness. Policy briefs which have been prepared by legal scholars in the project will be discussed in a shared meeting of legal scholars and economists. The discussion aims to deepen understanding as to how an effective and desirable EMU might be achieved and how, if at all, legal and normative difficulties that arise could be resolved.

Organisers: Professor Claire Kilpatrick, Professor Giorgio Monti (Department of Law, European University Institute)

Programme

9.30 – 11.00 Conditions posed to legal change in reaction to the Eurozone crisis at both EU and national level

11.00 – 11.30 Coffee Break

11.30 – 13.00 Exploring the new E in EMU: constraints and effectiveness

13.00 – 14.00 Lunch

14.00 – 15.30 Legal aspects of risk-sharing mechanisms

15.30 – 16.00 Coffee Break

16.00 – 18.00 Legal aspects of banking union | Follow-up discussion

May
5
Thu
Stability of the Banking System @ Villa Schifanoia – Sala Europa
May 5 @ 9:00 am – 1:00 pm
Stability of the Banking System @ Villa Schifanoia – Sala Europa | Florence | Tuscany | Italy

As part of this year’s State of the Union conference in Florence, a workshop will discuss the stability of the banking system. The event will be hosted by Professor Richard Portes. He will be joined by the Florence School of Banking and Finance’s director Professor Elena Carletti. The event will conclude with a speech by Ignazio Visco, Governor of the Bank of Italy. 

More information available here

Oct
11
Tue
The European Banking Union and Its Instruments – Experience from the First Years of an Interplay with National Banking Supervision and Resolution @ Sala del Consiglio, Villa Salviati
Oct 11 @ 9:00 am – 7:00 pm

After two years of existence, it is time to focus on what happened in practice for the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM), i.e. in the core of the Banking Union, in Member States and beyond the EU. The workshop gathers as broad a range of perspectives as possible with a variety of countries (ins and outs, including non-participating Member States and third countries, crisis and non-crisis countries), levels (national, supra- and international), and backgrounds (academic and supervisory practice).

A good range of the most important issues will be discussed, namely: to what extent does the regulatory framework under the Single Rulebook assist or hinder centralized decision-making? Have the Joint Supervisory Teams (JST) proven to be a tool to have both a sufficiently high information basis on the local level of the banks supervised and robust enough a membership to avoid capture? Has the split of supervisory competences in the SSM created problems or can it be seen as a sensible scheme?

But also, if the purpose of the SRM, as part of the Banking Union project, is to centralize resolution decision-making, to what extent does discretion remain within the national authorities? To what extent should all classes of retail financial services be exempted from bail-in? To what extent does Minimum Requirement for own funds and Eligible Liabilities (MREL) under the BRRD framework and the Total Loss Absorbing Capacity (TLAC) standard developed by the Financial Stability Board (FSB) give raise to a one size fits all approach to resolution?

Feb
16
Thu
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana
Feb 16 – Feb 17 all-day
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana | San Domenico, Fiesole | Toscana | Italy

Course instructor: Bart Joosen (University of Amsterdam)
Area: Supervision and Resolution
Level: Intermediate

This training course will:

  • bring a close reading of the LCR Regulation and analyses the various topics concerning liquidity inflows and outflows
  • explore the dependencies of the LCR Regulation with the legislative framework for covered bonds, securitisation and deposit guarantee schemes
  • analyse, in a separate close reading session, the EBA Guidelines on ICAAP and ILAAP information collected for SREP purposes
  • address the forthcoming NFSR rules as well as the interaction of those rules with the LCR framework

The course is targeted, among others, at EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), Senior Policy Officers aand Legal officers of Prudential Supervisors/National Central Banks. It is expected that the course participants have a degree in Law or Social Sciences, and prior knowledge of European capital and liquidity regulation.

Click here for further information

Mar
3
Fri
Resolution and its frontiers – an integrated law and economics approach @ European University Institute
Mar 3 all-day
Resolution and its frontiers - an integrated law and economics approach @ European University Institute

The global financial crisis and the European fiscal crisis raised a set of cardinal questions concerning the organization of an economic integrated area. The bank resolution rules introduced by the Bank Recovery and Resolution Directive and the Single Resolution Mechanism Regulation have created a whole new area of law in the EU but touch on many areas of substantive law, including insolvency law and competition law – some already harmonized at European level, others only partially. This area of law is to further extended for institutions other than banks, such as insurance companies and central counterparties. In this PhD-workshop economists and legal scholars shall jointly discuss the current challenges related to the emergence of this new area of law by looking at its boundaries. The organizers are interested in all topics which fall under the umbrella of the broad workshop topic.

With this focus, the seminar is addressed to PhD-students of law, economics and related disciplines, who will present current research-projects that relate to recent or future European legal developments and challenges in the field of resolution law or the European Banking Union in the broader context.

Two topical keynotes from experts in the field will complement the workshop.

Application Procedure:
Early stage researchers (Ph.D.-students or Post-docs) which are interested in participating in the workshop shall submit a full paper or an extended abstract related to the workshop topic via email to Agnieszka Smoleńska (agnieszka.smolenska@EUI.eu) or Lynette Janssen (l.g.a.janssen@law.leidenuniv.nl) no later than December 31, 2016. The decision of including papers for presentation at the workshop will be communicated by January 15, 2017.

The European University Institute will cover hosting expenses for presenters. Travel costs are not covered.

Mar
8
Wed
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte
Mar 8 – Mar 10 all-day
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte | Fiesole | Toscana | Italy

Course Instructor: Enrique G. Mendoza (University of Pennsylvania)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced
Deadline for registrations: 14 February 2017

This course will focus on the following topics:

  • A primer on financial markets modeling in open economy models and fundamentals of macro models of financial crises
  • Stylized facts of credit booms and Sudden Stops
  • Collateral constraints and the case for Macroprudential policy
  • Quantifying the effectiveness of optimal v. simple financial policy rules in Sudden Stop models
  • Time-inconsistency in the conduct of macropudential policy
  • The interaction between monetary and financial policies (Tinbergen’s rule and the need for coordination)

This course is targeted at financial stability and research departments of Central Banks, Ph.D. students, research departments of private banks, and EU Officials (e.g. ECB, SSM, SRB). Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and macro-modeling.

Click here for further information and registration

Mar
21
Tue
Measuring and Managing Systemic Risk @ Cappella, Villa Schifanoia
Mar 21 – Mar 23 all-day
Measuring and Managing Systemic Risk @ Cappella, Villa Schifanoia | Firenze | Toscana | Italy

Course Instructor: Gianni De Nicolò (International Monetary Fund and FBF)
Area: Risk Management
Level: Intermediate
Deadline for registrations: 7 March 2017

This course will focus on the following topics:

  • Value at Risk (VAR) and market based measures of systemic risk
  • Measures of systemic importance (COVAR, Network analysis)
  • Identification of Systemically Important Financial Institutions (SIFIs)
  • Contagion and network externalities

This course is targeted at financial stability and research department of Central Banks, Ph.D. students, private sector economists, EU officials. Participants are expected to hold a BA (or equivalent) in Economics and to have a basic understanding of statistics and econometrics.

Click here for further information and registration

Apr
19
Wed
Empirical Methods to Evaluate Financial Regulation @ Sala Europa, Villa Schifanoia
Apr 19 – Apr 20 all-day
Empirical Methods to Evaluate Financial Regulation @ Sala Europa, Villa Schifanoia | Firenze | Toscana | Italy

Course Instructor: Steven Ongena (University of Zurich)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced
Deadline for registrations: 29 March 2017

This course will focus on the following topics:

  • Current research methodologies used in empirical banking, with a special emphasis on inter-temporal and cross-sectional methods (e.g. matching)
  • Techniques: Heteroskedastic Modelling, Duration Analysis and Applications, Matching, Difference-in-Difference, Event Studies and Applications, Elements of an Identification Strategy

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students in Economics, Banking or Econometrics, and economists in the private sector. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and modelling (an intermediate level in micro and macroeconomics, as well as in applied econometrics, is required to follow this course).

Click here for further information and registration

Apr
28
Fri
EUI-Nomics 2017: Debating the Economic Conditions in the Euro Area and Beyond @ Villa Schifanoia
Apr 28 all-day
EUI-Nomics 2017: Debating the Economic Conditions in the Euro Area and Beyond @ Villa Schifanoia | Firenze | Toscana | Italy

The EUI-Nomics workshops provide a forum for discussion among academics and economists in public and private institutions about the current and expected future global economic conditions, with a special focus on the euro area and its member countries. For each country/area there will be short presentations by leading experts followed by general discussion. The workshops will be completed by a policy panel debating on key economic policy issues for the euro area.

The workshop is organised by Massimiliano Marcellino, Bocconi University and EUI.

The 2017 event will feature roundtables discussing the following topics:

  • France, Germany, Spain
  • The Italian Economic Perspectives
  • Global Conditions
  • Euro Area Macroeconomic Outlook: Alternative Views?
  • EU and the UK after Brexit

FULL PROGRAMME

Jun
7
Wed
Advances in the Computational Methods for Models with Occasionally Binding Constraints @ Cappella, Villa Schifanoia
Jun 7 all-day
Advances in the Computational Methods for Models with Occasionally Binding Constraints @ Cappella, Villa Schifanoia | Firenze | Toscana | Italy

Course Instructors: Fabio Canova (BI), Wouter den Haan (LSE), Junior Maih (Norges Bank)
Area: Statistical and Econometric Methods
Level: Intermediate/Advanced
Deadline for registrations: 17 May 2017

This course will focus on the following topics:

  • Piecewise linear solution. Maximum Likelyhood and Bayesian estimation
  • Solution and simulation of regime-switching DSGE models; exogenous and endogenous switching; occasionally-binding constraints
  • Numerical integration: splines, fixed point and time iteration
  • Projection techniques for models with occasionally binding constraints

This course is targeted at financial stability officers, research department officers, Ph.D. students, and research department officers of private banks. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and modelling.

Click here for further information and registration