Download the presentation by Mario Quagliariello

Download the presentation by Klaus Düllmann

 

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Stress testing – understood as a tool for assessing banks’ resilience to an extreme but plausible adverse scenario – is a crucial part of banking supervisors' toolbox.

In this online seminar, Mario Quagliariello (Director of the Economic Analysis and Statistics Department, European Banking Authority) and Klaus Düllmann (Head of SSM Risk Analysis Division, European Central Bank) will:

1. guide you through the rationale and objectives of the European Union wide stress test simulation exercise;
2. highlight its governance and underline its key features;
3. lastly, our speakers will also showcase results and share their lessons learned from the most recent EU stress testing exercise.

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Speaker

Mario Quagliariello (Director of the Economic Analysis and Statistics Department, European Banking Authority.)

Mario Quagliariello is the Director of the Economic Analysis and Statistics Department at the European Banking Authority. The Department is in charge of the analysis of risks in the EU banking sector and stress testing. The Department also holds responsibility for the statistical tasks carried out by the EBA and runs the impact assessments of regulatory measures. He previously served as Head of the Risk Analysis Unit at the EBA and as a Senior Economist at Banca d’Italia. Mario has published articles in international journals and edited the volume Stress Testing the Banking System: Methodologies and Applications, published by the Cambridge University Press. For Riskbooks, he co-edited the volume Basel III and Beyond and edited Europe’s New Supervisory Toolkit: Data, Benchmarking and Stress Testing for Banks and their Regulators. He holds a BA in economics with honours from the University “La Sapienza” in Rome and a Ph.D. in economics from the University of York.

         

 

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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.

  The Florence School of Banking and Finance, Fondazione CESIFIN Alberto Predieri and Fondazione CR Firenze are organising a high-level lecture by Elke König, Chair of the Single Resolution Board.  

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In her lecture, Dr. Konig will briefly introduce the EU framework for resolution, then explain how the SRB conceives and works (with the banks under its remit) on resolvability, and finally give an assessment on the state of play and next steps. More in details, the lecture will cover:

• the EU regulatory framework and the SRB policy which constitute the basis for the work by the SRB and the banks on resolvability;
• a more detailed description of the priority areas to be addressed by banks to achieve resolvability;
• some insights into the SRB work on these areas; an assessment of the progress made so far.

 

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Speaker

Elke König Chair of the Single Resolution Board Dr Elke König is Chair of the SRB, being responsible for the management of the organisation, the work of the Board, the budget, all staff, and the Executive and Plenary sessions of the Board. The General Counsel, the Policy Coordination and International Relations Unit, the Communications office and the Internal Audit function report directly to her. She was President of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) from 2012 until 2015. After qualifying in business administration and obtaining a doctorate, Dr König spent many years working for companies in the financial and insurance sector. From 1980 to 1990, she worked for KPMG Deutsche Treuhandgesellschaft in Cologne, auditing and advising insurance undertakings, from 1986 as a holder of a special statutory authority (Prokuristin) and from 1988 as a director and partner. From 1990 to 2002, Dr König was a member of the senior management of the Munich Re Group (Head of Accounting); she then moved to Hannover Rückversicherung AG as Chief Financial Officer. From 2010 to the end of 2011, Dr König was a member of the International Accounting Standards Board (IASB) in London. Dr König was also a representative of the Supervisory Board of the Single Supervisory Mechanism.  

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Programme

• 16:00 Registration and welcome coffee
• 16:35 Opening remarks
  • Lorenzo Stanghellini (Professor of Business Law, University of Florence)
• 16:45 Lecture
  • Elke König (Chair, Single Resolution Board)
• 17:30 Interventions by discussants
  • Elena Carletti (Scientific Director, Florence School of Banking and Finance)
  • Lorenzo Gai (Professor of Economics, University of Florence)
• 17:50 Questions and answers with the public
  • Moderated by Federico Fubini (Corriere della Sera)
  • Panelists: Elke König, Elena Carletti, Lorenzo Gai
• 18:35 Closing remarks
  • Renaud Dehousse (President, European University Institute)
• 18:45 Cocktail for all participants
• 19:30 Restricted dinner for speakers and selected guests (upon invitation)

The event will be in English with simultaneous translation to Italian.  

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EVENT CO-ORGANISED WITH

Fondazione CESIFIN Alberto Predieri

Fondazione CR Firenze

Download the presentation by Dirk Schoenmaker

Download the presentation by Kinanya Pijl

 

Finance is widely seen as an obstacle to a better world. In this online seminar, Prof. Dirk Schoenmaker (Erasmus University Rotterdam) will explain how the financial sector can be mobilised to counter this inevitability. As is documented in Prof. Schoenmaker’s recent book (D. Schoenmaker and W. Schramade, Principles of Sustainable Finance, Oxford University Press, 2019), using finance as a means to achieve social goals one can divert the planet and its economy from its current path to a world that is sustainable for all.
After describing the sustainability challenges, the seminar will show how investors and bankers can steer funding to sustainable companies and projects without sacrificing return and thus speed up the transition to a sustainable economy. Further, the seminar will analyse the Sustainable Development Goals as a strategy for a better world and will provide evidence that environmental, social, and governance factors matter, describing in detail how to incorporate these factors in the corporate and financial sectors.

 

Joint online seminar by the Florence School of Banking and Finance and the Florence School of Regulation

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Chair and Moderator

Jean-Michel Glachant (Robert Schuman Chair, Director of the Florence School of Regulation and Director of Loyola de Palacio Energy Policy Programme )

Jean-Michel Glachant is the Director of the Florence School of Regulation and the Holder of the Loyola de Palacio Chair, since 2008. Glachant took his Ph.D. in economics at La Sorbonne in France. He worked in the industry and private sector before becoming professor at La Sorbonne. He has been advisor of DG TREN, DG COMP and DG RESEARCH at the European Commission and of the French Energy Regulatory Commission (CRE). He has been a coordinator and scientific advisor of several European research projects. He is a research partner in the CEEPR at MIT (USA), the EPRG at Cambridge University. Jean-Michel Glachant has been the first editor-in-chief of EEEP: “Economics of Energy and Environmental Policy” (an IAEE journal) and is Vice-President of both the French and the International Association for Energy Economics. His main research interests are the building of a common European energy policy (security of supply, renewable energy, energy efficiency, energy technology policy, and climate change policy), the achievement of the European energy internal market (design, regulation and competition policy), the industrial organization and market strategy of energy companies in a wave of innovation (decarbonisation, decentralisation, and digitalisation).

 

Speaker

Dirk Schoenmaker (Professor of Banking and Finance at the Rotterdam School of Management, Erasmus University)

Dirk Schoenmaker is a Professor of Banking and Finance at the Rotterdam School of Management, Erasmus University. He is also a Non-Resident Fellow at the think tank Bruegel and a Research Fellow at the CEPR. His research covers the fields of sustainable finance, central banking, financial supervision and European banking. Before joining RSM, Dirk was Dean of the Duisenberg School of Finance and worked at the Dutch Ministry of Finance and the Bank of England. Dirk is co-author of the textbooks Principles of Sustainable Finance (OUP) and Financial Markets and Institutions: A European Perspective (CUP) and author of Governance of International Banking: The Financial Trilemma (OUP). 

 

 

Commentator

Kinanya Pijl (Researcher, European University Institute)

Kinanya Pijl is a fourth-year PhD researcher in law at the European University Institute. In her dissertation, Kinanya explores under what circumstances large commercial banks in Europe can bank responsibly. She has interviewed about 160 bankers and central bankers in England, Germany and the Netherlands to provide insight into the workings of responsibility-taking in the EU banking sector for negative social and environmental impacts related to corporate loans granted by banks. Kinanya has contributed to a book on corporate duties of care in Europe in the field of international corporate social responsibility and accountability (in Dutch). In addition, she was part of a team that has conducted a study on increasing leverage for responsible business conduct for the parties to the Dutch Banking Sector Agreement on Human Rights. Very recently, Kinanya started working for the consultancy firm Principia Advisory on improving organisational ethics in a large bank.

 

 

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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.