Calendar
Course dates: 18-20 February 2019
Place: EUI Premises, Florence
Course Instructor: William Perraudin (Risk Control Limited)
Area: Risk Management
Level: Intermediate
Target: EBA, ESRB, SSM, SRB, EU Institutions, Financial Stability officers, Economics Departments And Forecasting Departments of Central Banks, Ph.D. and Post-doctoral researchers, Research department officers of private banks.
Download the presentation by Mario Quagliariello
Download the presentation by Klaus Düllmann
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:
- guide you through the rationale and objectives of the European Union wide stress test simulation exercise;
- highlight its governance and underline its key features;
- lastly, our speakers will also showcase results and share their lessons learned from the most recent EU stress testing exercise.
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.
Commentator
Klaus Düllmann (Head of SSM Risk Analysis Division, European Central Bank)
Klaus Düllmann is Head of SSM Risk Analysis Division within Directorate General Micro-Prudential Supervision IV of the European Central Bank in Frankfurt. Until May 2014 he was Head of Supervisory Coordination and Risk Analysis Division and Head of Banking Supervision Research in the central office of the Deutsche Bundesbank in Frankfurt. Currently his main areas of work are related to horizontal risk assessments of SSM banks, in particular supervisory stress tests. He has a PhD in Finance from the University of Mannheim.
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.
Course dates: 4-6 March 2019
Place: EUI Premises, Florence
Course Instructor: Jeffrey Wooldridge (Michigan State University)
Area: Statistical and Econometric Methods
Level: Intermediate/Advanced
Target: EBA, ESRB, SSM, SRB, EU Institutions, Financial Stability officers, Economics Departments And Forecasting Departments of Central Banks, Ph.D. and Post-doctoral researchers, Research department officers of private banks.
- Course dates: 18-20 March 2019
- Place: EUI Premises, Florence
- Course Instructor: Moritz Schularick (University of Bonn)
- Area: Financial Stability and Macroprudential policy
Level: Intermediate
- Target: 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.
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.
Speaker
Elke König Chair of the Single Resolution Board
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)
EVENT CO-ORGANISED WITH
Course dates: 1-3 April 2019
Place: EUI Premises, Florence
Course Instructors: Andrea Resti (Bocconi University), Senior experts from the public and private sector
Area: Risk Management
Level: Intermediate
Target: 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
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

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.
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.
Course dates: 8-10 April 2019
Place: EUI Premises, Florence
Course Instructors: Til Schuermann (Oliver Wyman), Mario Quagliariello (EBA), Senior Experts from the public and private sector
Area: Risk Management
Level: Intermediate
Target: 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
Course dates: 23-24 April 2019
Place: EUI Premises, Florence
Course Instructors: Lee Buchheit (Cleary Gottlieb Steen & Hamilton LLP), Mitu Gulati (Duke University), Jeromin Zettelmeyer (Peterson Institute of International Economics)
Area: Risk Management
Level: Intermediate
Target: 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
MORE INFORMATION AND REGISTRATION
Scientific Organisers:
- Franklin Allen, Brevan Howard Centre, Imperial College
- Elena Carletti, Bocconi University, BAFFI CAREFIN and European University Institute
- Mitu Gulati, Duke University
- Jeromin Zettelmeyer, Peterson Institute for International Economics
Europe’s financial infrastructure is experiencing deep challenges from both within and outside. From within, there is a need to deal effectively with sovereign risk in a way that ensures financial stability in both the short and the long run. From the outside, Europe needs to react to the risk of economic and financial fragmentation, ignited by populist and nationalist movements and a new unilateralism on the side of Europe’s traditional ally, the United States. The tensions ignited by this shift have so far been mostly limited to international trade, but they could also affect the payments system.
Against this background, the purpose of this conference will be to gain a better understanding of the internal and external disruptions that may be putting Europe’s financial system under stress and offer a way forward to address these challenges, in a dialogue between senior academics, policy-makers and private practitioners.
Specifically, the conference aims to (1) assess the challenges to Europe’s and the global payment systems in the context of rising US extra-territorial sanctions, (2) debate what steps could mitigate the costs of sovereign debt crises without raising sovereign yields or exacerbating liquidity risk in the short run, (3) ask whether Europe needs a safe asset that helps address challenges from both directions, and how this could be designed.
