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Calendar

Feb
15
Mon
Fintech: Innovation, Finance and Regulation @ Online
Feb 15 – Mar 5 all-day
Qualitative

Course dates: 15 February – 05 March 2021

Course Director: Philipp Paech (London School of Economics)

Area: Regulation, Supervision and Resolution

Level: Introductory/Intermediate

Target: EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), National Supervisory Authorities, Economists and Risk Managers in financial institutions and private banks, Lawyers and Accountants, Ph.D. Students, Post-Graduate Researchers, Assistant Professors.

Information and Registration

Feb
19
Fri
Online Seminar: Fit and Proper Assessment: Better Boards for Better Banks? @ Online
Feb 19 @ 1:00 pm – 2:00 pm

Watch the recording of the event


A conversation with Edouard Fernandez-Bollo, ECB Representative in the Supervisory Board.

One key aspect in bank governance concerns the composition and functioning of the Board of Directors. It is the bank’s primary responsibility to ensure that members of the management bodies are suitable when appointed and throughout their tenure. The suitability of members of the management bodies of the banks is assessed by supervisors through so-called “Fit and Proper” (FAP) assessment. Members of the board have not only to be suitable individually but also collectively, and cover specific knowledge, skills, and a broad range of experience to perform their responsibilities and duties. For that purpose, credit institutions have to put in place policies promoting diversity on the management body. Supervisors check diverse criteria: experience, reputation, conflicts of interest and independence of mind, time commitment, and collective suitability. Supervisory authorities lead a case-by-case and proportionate approach that takes into account national, distinctive features of banks and of each role within management bodies and the aim to ensure a level playing field, notwithstanding the difficulties stemming from the different implementation into national law of EU standards.

In this context, this online debate will ask:

  • With now a few years of experience, how effective is the FAP framework to ensure sound governance, adequate risk-taking, and accountability of the management body towards the Board? Where are we as regards the promotion of diversity? Has the implementation of FAP requirements improved across the SSM countries?
  • What is the role of non-executive directors in the banking governance and how do you see they can contribute and influence a sound risk taking and the banks overall corporate culture?
  • Going forward,
    • Is there a need to scale FAP up in order to improve further the selection of board members? If so, what work could be developed with and by the banks in this respect and should be the main criteria (e.g., reputation, diversity) that should be taken into account by banks and supervisors?
    • Is there a need for better harmonisation across the SSM? If yes, on which specific areas?

The SSM seeks to engage in a conversation with non-executive directors to better gauge their experience and main challenges.


Chair

Elena Carletti (Bocconi University)
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). Furthermore, she is research professor at the Bundesbank, a member of the Expert Panel on banking supervision for the European Parliament, a member of the Scientific Committee “Paolo Baffi Lecture” at the Bank of Italy, a member of Bruegel Scientific Committee, Research Fellow at CEPR, Fellow of the Finance Theory Group, CESifo, IGIER, and Wharton Financial Institutions Center. She is the author of numerous articles on Financial Intermediation, Financial Crises and Regulation, Competition Policy, Corporate Governance and Sovereign Debt.

   

Speaker

Edouard Fernandez-Bollo (Member of the Supervisory Board of the European Central Bank)
Following post-graduate studies at the École normale supérieure de Saint-Cloud in the humanities and social sciences section, and after acquiring experience in several branches of the French civil service, Edouard Fernandez-Bollo joined the Banque de France in 1988. There, he held various positions related to banking regulation and licensing, European harmonisation and banking resolution issues. Mr Fernandez-Bollo became General Counsel of the Commission Bancaire, the French supervisory authority, in 2004 and Deputy Secretary General in 2008. He was Chair of the Basel Committee’s expert group on anti-money laundering and combating the financing of terrorism from 2007 to 2020. From 2010 to 2013 he was Deputy Secretary General of the new Autorité de contrôle prudentiel et de résolution (ACPR), the integrated French prudential supervisor, and from 2014 to August 2019 he was Secretary General of the ACPR, member of the Management Board of the European Banking Authority and member of the Basel Committee on Banking Supervision. Edouard Fernandez-Bollo began his five-year term as Member of the Supervisory Board of the European Central Bank in September 2019.


Discussants

Laragh Cassar (Non-Executive Director, APS Bank Malta)
Dr. Cassar was appointed to the Board in April 2016. Throughout her career, Dr. Cassar has gained vast experience in many areas of practice including banking, investment services, asset management, capital markets and corporate law restructuring. Having joined Camilleri Preziosi as an associate in 2003, she was subsequently a partner of this firm between 2009 and 2015. She then founded the firm ‘Camilleri Cassar Advocates’. Dr. Cassar obtained a degree in law from the University of Malta in 2002 and a Master of Law in Banking and Finance from the University of London in 2003. She also holds the role of non-executive director on the board of Hili Properties p.l.c. and the role of non-executive director and company secretary on the Board of Medserv p.l.c..


Hans-Helmut Kotz (Non-Executive Member of the Board of Caixa Geral de Depósitos, Lisbon and Resident Fellow at Center for European Studies, Harvard)
Prof. Hans-Helmut Kotz is a Senior Fellow of the Center for Financial Studies and of the SAFE Policy Center, Goethe University, Frankfurt. He is also a Resident Fellow at Harvard’s Center for European Studies (since fall 2010) as well as a Visiting Professor in the Economics Department. (In fall 2015, he received the Derek Bok Center’s Excellence in Teaching Award.) He is also on Freiburg University’s Economics Faculty, where he was given the University Teaching Award in 2010. Moreover, he is a Senior Advisor to McKinsey & Co. (since 2011) and Academic Advisor to the McKinsey Global Institute (since 2016) and a Non-Executive Member of the Board of Caixa Geral de Depósitos, Lisbon (since 2017). Between 2013 and 2018, he was on the Supervisory Board of Eurex Clearing AG, Frankfurt/Zurich. Prior to joining CFS, Prof Kotz was a Member of the Executive Board of Deutsche Bundesbank (between 2002 and 2010), finally in charge of Financial Stability, Markets and Statistics. He was also a member of a number of committees of the Bank for International Settlements, the Financial Stability Board as well as the OECD, where he was chair of the Financial Markets Committee. In addition, he served as the German Central Bank Deputy for the G7/G8 and the G20 process.


This fourth online seminar takes place in the framework of the Challenges for Bank Board Members series, which aims at building a community of professionals from the banking and finance industry interested in deepening their knowledge about bank boards’ functioning and learning how to challenge bank management effectively. Seminar speakers include an international faculty of regulators, supervisors, and academics together with bank and finance professionals. The Challenges for Bank Board Members series is part of the new FBF Bank Board Academy for Non-Executive Directors.

FBF Bank Board Academy Brochure

Download the brochure to know
the details and fees of
FBF Bank Board Academy
for Non-Executive Directors!
Download brochure

Send download link to:

Personal data will be processed in accordance with the EUI’s Data Protection Policy.

I agree to receive periodic updates on the activities of the Florence School of Banking and Finance.
You have the right to withdraw your consent at any time. You can withdraw your consent or revise your consent preferences through an email sent to fbf@eui.eu

Feb
25
Thu
Online debate: Green(ish) Bonds? @ Online
Feb 25 @ 1:00 pm – 2:00 pm

Watch the recording of the event

Highlights of the debate

Presentation by Gianfranco Gianfrate

Presentation by Justine Leigh-Bell


Institutional investors are increasingly attracted by a host of new financial instruments such as green bonds, social bonds, sustainability bonds or indeed sustainability-linked bonds. This forms part of a broader endeavour to rely on private sources to fund sustainable investments. Among these instruments, green bonds – the “stars of climate finance” according to the Financial Times – have shown high market uptake. Green bond issuances are regularly, if not systematically these days, oversubscribed. Set against the background of an ongoing policy and academic discussion on the need for more transparent green bond markets, this online debate will discuss the merits and limits of green bond financing.
Specifically, this digital event will discuss the following questions:

  • How green are green bonds really?
  • How could trust in the green bond market place be increased and sustained?
  • Are non-binding green bond standards showing their limits?
  • Is a new and binding green bond standard needed to eliminate any risk of green-washing?
  • Are green bonds fairly valued by market players or is there a green bubble at play?

Chair and Moderator

Thorsten Beck (The Business School (formerly Cass) and Florence School of Banking and Finance, European University Institute)
Thorsten Beck is currently professor of banking and finance at The Business School (formerly Cass) in London. He is also a research fellow of the Centre for Economic Policy Research (CEPR) and the CESifo. He was professor of economics from 2008 to 2014 at Tilburg University and the founding chair of the European Banking Center there from 2008 to 2013. Previously he worked many years in the research department of the World Bank and has also worked as consultant for – among others – the European Central Bank, the Bank of England, the BIS, the IMF, the European Commission, and the German Development Corporation. He is also a member of the Advisory Scientific Council of the European Systemic Risk Board (ESRB) and is co-editor of the Journal of Banking and Finance. His research, academic publications and operational work have focused on two major questions: What is the relationship between finance and economic development? What policies are needed to build a sound and effective financial system? Recently, he has concentrated on access to financial services, including SME finance, as well as on the design of regulatory and bank resolution frameworks. In addition to numerous academic publications in leading economics and finance journals, he has co-authored several policy reports on access to finance, financial systems in Africa and cross-border banking. His country experience, both in operational and research work, includes Albania, Bangladesh, Bolivia, Brazil, China, Colombia, Egypt, Malaysia, Mexico, Peru, Russia and several countries in Sub-Saharan Africa. In addition to presentation at numerous academic conferences, including several keynote addresses, he is invited regularly to policy panels across Europe. He holds a PhD from the University of Virginia and an MA from the University of Tübingen in Germany.  

Speaker

Gianfranco Gianfrate (EDHEC Business School)
Gianfranco Gianfrate is Associate Professor of Finance at EDHEC Business School. He writes and researches on topics related to innovation financing, corporate valuation, and climate change finance. Prior to joining EDHEC Business School, he held teaching and research positions at Erasmus University (Netherlands), Harvard University (USA), and Bocconi University (Italy). Gianfranco also has extensive experience in the financial industry, having worked, among others, for Deloitte Corporate Finance (Italy), Hermes Investment Management (UK), and iStarter (UK). Gianfranco holds a BA and a PhD in Business Administration from Bocconi University and a Master in Public Administration from Harvard University.


Commentator

Justine Leigh-Bell (Climate Bonds Initiative)
Justine has spent much of her career helping business leaders and governments find solutions to the global challenges of climate change and sustainable development. She has provided advisory services for a number of global financial institutions and governments across Europe, Africa, India, South East Asia and Latin America. Her areas of focus includes sustainable development in emerging economies, climate change mitigation/adaptation strategies, climate finance, economic valuation and market based instruments for managing natural resource assets. She is currently the Deputy CEO & Director of Market Development at the Climate Bonds Initiative (CBI). Her primary focus is in the emerging markets where she works closely with both public and private sector actors in developing national policy guidelines and investment roadmaps that will enable access to green bond financing. Currently, she provides oversight and leadership to CBI’s regional and country teams in China, India, ASEAN and Africa where market development programs are underway.


Mar
4
Thu
Network Analysis in Finance and Economics @ Online
Mar 4 – Mar 19 all-day
Quantitative

Course dates: 04 – 19 March 2021

Course Director: Christian Brownlees (Universitat Pompeu Fabra), Iman van Lelyveld (VU Amsterdam and DNB)

Guest Contributors: Adrien Amzallag (European Securities and Markets Authority), Marco d’Errico (European Systemic Risk Board)

Teaching Associate: Natalie Kessler (European University Institute)

Area: Statistical and Econometric Methods

Level: Intermediate

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.

Information and Registration

Mar
5
Fri
Panel Data for Banking Sector Analysts @ Online
Mar 5 – Mar 26 all-day
Quantitative

Course dates: 05 – 26 March 2021

Course Director: 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.

Information and Registration

Mar
18
Thu
Low-interest Rates for long: the Impact on Bank Profitability and Risk Appetite @ Online
Mar 18 @ 1:00 pm – 2:15 pm


The low interest rates environment is commonly accepted to be with us for long. Secular trends beyond monetary policy – in growth, productivity, demographics, technological disruptions among others – are driving the level of rates. Those broader parameters must be internalised in banking operations. Low interest rates trigger adjustments in bank business models to new risks. With admittedly decreasing net interest margins, bank boards have to re-examine the profitability of various segments in their bank business model, including a better understanding of the cost structure and risks associated with the low rates’ environment. Different aspects include: interest-generating activities (and potential negative rates), fee-related and trading activities, and the funding structure (market-based vs retail funding).

This online debate will ask:

  • What are the effects of low interest rates on bank profitability and risk appetite?
  • What are the main drivers of the current low-for-long interest rates that bank board members should pay attention to?
  • How should bank boards adapt the bank’s strategy and business model to a low interest rates’ environment?
  • Are there key measures in the short to medium-term to better cope with the low interest rates’ environment and mitigate the depletion of net-interest margins?
  • What is the role of independent board members in accompanying the development of such strategy within their bank’s board?

Chair

Thorsten Beck (The Business School (formerly Cass) and Florence School of Banking and Finance, European University Institute)
Thorsten Beck is currently professor of banking and finance at The Business School (formerly Cass) in London. He is also a research fellow of the Centre for Economic Policy Research (CEPR) and the CESifo. He was professor of economics from 2008 to 2014 at Tilburg University and the founding chair of the European Banking Center there from 2008 to 2013. Previously he worked many years in the research department of the World Bank and has also worked as consultant for – among others – the European Central Bank, the Bank of England, the BIS, the IMF, the European Commission, and the German Development Corporation. He is also a member of the Advisory Scientific Council of the European Systemic Risk Board (ESRB) and is co-editor of the Journal of Banking and Finance. His research, academic publications and operational work have focused on two major questions: What is the relationship between finance and economic development? What policies are needed to build a sound and effective financial system? Recently, he has concentrated on access to financial services, including SME finance, as well as on the design of regulatory and bank resolution frameworks. In addition to numerous academic publications in leading economics and finance journals, he has co-authored several policy reports on access to finance, financial systems in Africa and cross-border banking. His country experience, both in operational and research work, includes Albania, Bangladesh, Bolivia, Brazil, China, Colombia, Egypt, Malaysia, Mexico, Peru, Russia and several countries in Sub-Saharan Africa. In addition to presentation at numerous academic conferences, including several keynote addresses, he is invited regularly to policy panels across Europe. He holds a PhD from the University of Virginia and an MA from the University of Tübingen in Germany.    

Speakers

Vítor Constâncio (Lisbon School of Economics and Management, Former Vice President European Central Bank)
Vítor Constâncio was Vice-President of the European Central Bank from 1 June 2010 to May 2018. In the Portuguese Government, he was Secretary of State for the Budget and Planning in 1974-76 and Finance Minister in 1977-78. At the central bank of Portugal, he was Director of the Economics Department, Deputy Governor and then from 2000 to 2010, Governor of the Banco de Portugal and consequently, member of the European Central Bank Governing Council. He was Assistant Professor at the Lisbon School of Economics and Management (ISEG), University of Lisbon, from 1968 to 1973 and later, coordinator Professor of the Master´s degree on Monetary Policy from 1989 to June 2010. He is now President of the School Board at ISEG and Professor at the Master’s Degree in Banking and Financial Regulation at the School of Economics, University of Navarra, Madrid.



Julie Galbo (Board Member, DNB Bank ASA)
Julie currently serves on the board of DNB Bank ASA and is an observer in the risk and audit committees. She also serves as chairman of the board of Trifork AG and Fundamental Fondsmæglerselskab A/S. Formerly, Julie was part of Group Executive Management in Nordea Bank Abp, where she held the positions as Group Chief Risk Officer and Head of Business Risk. Prior to joining executive management, Julie led the mergers of the 4 Nordic Nordea banks and the subsequent redomiciliation to Finland (the Eurozone). During the financial crisis, Julie held the position of Deputy Director General of the Danish Financial Supervisory Authority, contributing to bank resolution and supervision of banks, markets and conduct as well as being Chief Legal Counsel. She was also head of state capital injections during the crisis.



Thomas Vlassopoulos (Head of Monetary Analysis Division, European Central Bank)
Thomas Vlassopoulos is Head of the Monetary Analysis Division in the Directorate General Monetary Policy of the ECB. In this role, together with his team, he is responsible for analysing monetary policy transmission through financial intermediaries and contributes to the design and assessment of monetary policy measures. Thomas joined the ECB in 2007 and has served in policy and analysis-oriented roles spanning both monetary and macroprudential policy. He started his career at Eurobank, a universal bank in Greece, followed by three years with the Economic Research Department at the Bank of Greece. He holds an M.Sc. in Economics from the London School of Economics.



This fifth online seminar takes place in the framework of the Challenges for Bank Board Members series, which aims at building a community of professionals from the banking and finance industry interested in deepening their knowledge about bank boards’ functioning and learning how to challenge bank management effectively. Seminar speakers include an international faculty of regulators, supervisors, and academics together with bank and finance professionals. The Challenges for Bank Board Members series is part of the new FBF Bank Board Academy for Non-Executive Directors.

FBF Bank Board Academy Brochure

Download the brochure to know
the details and fees of
FBF Bank Board Academy
for Non-Executive Directors!
Download brochure

Send download link to:

Personal data will be processed in accordance with the EUI’s Data Protection Policy.

I agree to receive periodic updates on the activities of the Florence School of Banking and Finance.
You have the right to withdraw your consent at any time. You can withdraw your consent or revise your consent preferences through an email sent to fbf@eui.eu

Mar
25
Thu
Private Equity & Markets in the COVID context @ Online
Mar 25 @ 1:00 pm – 2:00 pm

Watch the event



Online Debate Highlights

Presentation by Helmut Kraemer-Eis

Presentation by Sophie Manigart


Private capital is back in the game. Still a niche a few years ago, private markets in general and private equity in particular – are increasingly becoming key solutions to financing SMEs across almost all sectors. In spite of COVID, Private Equity’s committed but unallocated capital– so-called ‘dry powder’ – remains high in 2021 and there is mention in the marketplace of a ‘new decade for private markets’ (McKinsey, 2020). Yet geographical differences persist: PE remains much more developed in the United States than in Europe.
Against this background, this online debate will discuss the following questions:

  • What is the current market sentiment in private equity in Europe?
  • How solid are the funding models of private equity firms and to what extent do they rely on private credit, preferred equity and net asset value (NAV) financing in COVID times?
  • Would a too swift ramp up of private equity in Europe bear financial stability implications?
  • Is the current European regulatory and supervisory framework for PE fit for purpose?


Chair and Moderator

Thorsten Beck (The Business School (formerly Cass) and Florence School of Banking and Finance, European University Institute)
Thorsten Beck is currently professor of banking and finance at The Business School (formerly Cass) in London. He is also a research fellow of the Centre for Economic Policy Research (CEPR) and the CESifo. He was professor of economics from 2008 to 2014 at Tilburg University and the founding chair of the European Banking Center there from 2008 to 2013. Previously he worked many years in the research department of the World Bank and has also worked as consultant for – among others – the European Central Bank, the Bank of England, the BIS, the IMF, the European Commission, and the German Development Corporation. He is also a member of the Advisory Scientific Council of the European Systemic Risk Board (ESRB) and is co-editor of the Journal of Banking and Finance. His research, academic publications and operational work have focused on two major questions: What is the relationship between finance and economic development? What policies are needed to build a sound and effective financial system? Recently, he has concentrated on access to financial services, including SME finance, as well as on the design of regulatory and bank resolution frameworks. In addition to numerous academic publications in leading economics and finance journals, he has co-authored several policy reports on access to finance, financial systems in Africa and cross-border banking. His country experience, both in operational and research work, includes Albania, Bangladesh, Bolivia, Brazil, China, Colombia, Egypt, Malaysia, Mexico, Peru, Russia and several countries in Sub-Saharan Africa. In addition to presentation at numerous academic conferences, including several keynote addresses, he is invited regularly to policy panels across Europe. He holds a PhD from the University of Virginia and an MA from the University of Tübingen in Germany.  

Speakers

Helmut Kraemer-Eis (Chief Economist, European Investment Fund)
Dr. Helmut Kraemer-Eis is Head of Research & Market Analysis and Chief Economist at the European Investment Fund (EIF), the EIB Group’s specialist provider of risk finance to benefit SMEs across Europe. His team supports EIF’s business development and strategic decision-making processes through applied research, market analyses, surveys, and economic impact assessments. Prior to this, Helmut developed and headed EIF’s Guarantees and Securitisation Risk Management. He also worked as Senior Manager at KfW’s Business Policy and Economic Research Departments (financial markets, SME finance, securitisation, renewable energy). Helmut holds an M.A. in Economics from the University of Bonn (Germany) and a PhD from the University of Jena (Germany), where he also worked as researcher and teaching associate. He has authored and co-authored numerous research publications on economic topics, i.e. related to SME finance. He is the editor of EIF’s Working Papers series: http://www.eif.org/news_centre/research/index.htm


Sophie Manigart (Professor and Faculty Dean, Vlerick Business School)
Sophie Manigart holds a Civil Engineering and an MBA degree and is Doctor in Management (Ghent University). She is Full Professor and Faculty Dean at Vlerick Business School and Full professor at Ghent University. She was/is Visiting Researcher at Wharton School of Business (University of Pennsylvania, USA) and Guest Professor at London Business School, IE Business School (Madrid) and ESMT (Berlin). For more than two decades, Sophie Manigart has researched the financing strategies of entrepreneurial companies, including venture capital, private equity, business angel finance, and crowdfunding. She has published over 40 publications on entrepreneurial finance, venture capital, private equity, and entrepreneurship in journals like Academy of Management Journal, Journal of Business Venturing, Journal of Management Studies and Entrepreneurship Theory and Practice, and written two books, numerous book chapters and cases. She is Associate Editor of Entrepreneurship Theory and Practice, a leading academic journal. Based upon her research, she has developed original courses on entrepreneurial finance aimed at both entrepreneurs and investors, at the Master, MBA and Executive Education levels. She has advised numerous start-ups and venture capital funds and was a member of the investment committee of Baekeland Fund (spin-off fund of Ghent University). She is consulted as a topic expert by the European Parliament, InvestEurope and Belgian and regional governments. Experiencing a gap in the financing of start-ups, she was one of the founders of the first Belgian business angel network, BAN Vlaanderen. She is currently also a board member of AXA Belgium, BW Ryhove, and scale-ups Ovinto and EnergyVision, and was an independent board member of Gimv for 10 years.


Apr
7
Wed
Bank Resolution Academy @ Online
Apr 7 – Apr 29 all-day
Qualitative

Course dates: 7 – 29 April 2021

Academy Directors: Seraina Grünewald (Radboud University Nijmegen); Katerina Theodossiou (Senior Crisis Management Expert); Emiliano Tornese (European Commission); Tobias Tröger (Goethe University, Frankfurt)

Instructors: Colm Brady, Paul Disveld (ECB Banking Supervision); Pamela J. Farwig, Arthur J. Murton (Federal Deposit Insurance Corporation), Andrew Gracie (Deloitte), Bart P.M. Joosen (VU University Amsterdam and Recofise), Eva Hüpkes (Head Regulatory and Supervisory Policies at Secretariat of the Financial Stability Board), Anna Gardella, Lidja Schiavo (European Banking Authority)

FBF Team:
Academy Coordinator: Maria Ana Barata (Teaching Associate, Florence School of Banking and Finance)
Academy advisors: Thorsten Beck (Director of the Florence School of Banking and Finance and Professor at Business School (formerly Cass)) Pierre Schlosser (Scientific Coordinator, Florence School of Banking and Finance)

Area: Regulation, Supervision and Resolution

Level: Intermediate

Target: EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), National Supervisory Authorities, financial stability and research department of Central Banks, Ph.D. students, financial institutions in the private sector, law firms.

Information and Registration

Apr
8
Thu
The European Banking Sector: Preparing for Consolidation @ Online
Apr 8 @ 1:00 pm – 2:15 pm

THIS SEMINAR IS PART OF THE FBF BANK BOARD ACADEMY FOR NON-EXECUTIVE DIRECTORS


Watch the streaming of the event



Consolidation has often been described as critical instrument to address the woes of Europe’s banking sector. Consolidation may entail diverse benefits for banks’ profitability, address overcapacity, foster private risk-sharing. However, the effects of consolidation on banks’ sound risk management and its broader impact on the stability of the financial system are uncertain. Some guidance and supervisory expectations have been developed in European prudential supervision (e.g. setting of capital requirements, the treatment of badwill, and the use of internal models by the newly consolidated entities). In this regard, the role of bank board members is key in understanding and addressing both opportunities and challenges raised by consolidation projects placed under their scrutiny.
This online debate will ask:

  • What are the opportunities and risks in the consolidation of the European banking sector?
  • How can consolidation contribute to the key objectives of the Banking Union?
  • Is consolidation the solution to address some of the core challenges faced by banks and their boards, i.e. low profitability and non-performing assets?
  • What are the main elements that bank board members should pay attention to when preparing for consolidation?
  • What are the factors of success for a consolidation through a merger and acquisition operation (including cross-border M&A)?
  • What is the role of independent board members in ensuring sustainable consolidation projects?


Chair

Elena Carletti (Bocconi University)
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). Furthermore, she is research professor at the Bundesbank, a member of the Expert Panel on banking supervision for the European Parliament, a member of the Scientific Committee “Paolo Baffi Lecture” at the Bank of Italy, a member of Bruegel Scientific Committee, Research Fellow at CEPR, Fellow of the Finance Theory Group, CESifo, IGIER, and Wharton Financial Institutions Center. She is the author of numerous articles on Financial Intermediation, Financial Crises and Regulation, Competition Policy, Corporate Governance and Sovereign Debt.

   

Speakers

Andreas Dombret (Columbia University, former Member of the Board of Deutsche Bundesbank)
Andreas Dombret is currently Global Senior Advisor to companies like Oliver Wyman, Sumitomo Bank, Houlihan Lokey, Autonomous, Deposit Solutions and Banco Santander. Prior to that, he has been Board Member of the Deutsche Bundesbank from 2010 to 2018, Supervisory Board Member of the European Central Bank from 2014 to 2018 and Member of the Board of Directors at the Bank for International Settlements from 2012 to 2018.






Dominique Laboureix (French Prudential Supervisory Authority – Autorité de Contrôle Prudentiel et de Résolution – ACPR)
Dominique Laboureix holds the position of Secretary General of the French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel et de Résolution – ACPR), to which he was appointed in October 2019. ACPR is the administrative authority chaired by the Governor of Banque de France that supervises the banking and insurance sectors and ensures financial stability, in close collaboration with the European Central Bank. It also has resolution powers on both sectors. Moreover, ACPR is responsible for protecting the customers of the supervised institutions and ensuring fight against money laundering and terrorism financing. Dominique Laboureix is member of the Basel Committee for Banking Supervision (BCBS), member of the European Banking Authority (EBA) and alternate member of the Supervisory Board of the Single Supervisory Mechanism. Since June 2020, he co-chairs the BCBS Task Force on Evaluation. Between 2015 and 2019, he was among the founding members of the Single Resolution Board, the Brussels authority in charge of resolving banks in the Banking Union. Notably, he was responsible for resolution planning and preparation of decisions for banking groups from six European countries. He chaired the EBA Resolution Committee between 2015 and 2019 and was involved in a number of European and international fora. From 2013 to 2014, he was Deputy Director-General in charge of creating the Directorate of Resolution within ACPR and was notably responsible for building the first resolution plans of French banking institutions. He was involved in several international committees, in particular, within the Financial Stability Board. From 2011 to 2013, he was Director of the Banque de France Finance and Management Control Directorate. Between 2007 and 2011, he was Director of the ACPR Research and Policy Directorate, benefiting from an over 10 year experience of banking supervision with the Off-Site Directorate of the prudential authority. He started his career within Banque de France in the department in charge of payment systems and market infrastructures. Dominique Laboureix is a graduate of the Institut d’Études Politiques de Paris and has a master degree in business law from Paris II University


Luigi de Vecchi (Chairman EMEA Banking – Capital Markets & Advisory Citi)
Luigi de Vecchi, currently Chairman of Europe, Middle East and Africa of Banking, Capital Markets & Advisory. Prior to joining Citi, he was Co- Head of Global Investment Banking at Credit Suisse Professor of Finance and member of the Advisory Board of the LUISS University in Rome. He is also Chairman of Fondazione Sylva involved with reforestation and a member of the Board of Director of Save the Children Italy and of Fondazione Nuovo Millennio – Scuola Politica “Vivere nella Comunità”.




This sixth online seminar takes place in the framework of the Challenges for Bank Board Members series, which aims at building a community of professionals from the banking and finance industry interested in deepening their knowledge about bank boards’ functioning and learning how to challenge bank management effectively. Seminar speakers include an international faculty of regulators, supervisors, and academics together with bank and finance professionals. The Challenges for Bank Board Members series is part of the new FBF Bank Board Academy for Non-Executive Directors.

FBF Bank Board Academy Brochure

Download the brochure to know
the details and fees of
FBF Bank Board Academy
for Non-Executive Directors!
Download brochure

Send download link to:

Personal data will be processed in accordance with the EUI’s Data Protection Policy.

I agree to receive periodic updates on the activities of the Florence School of Banking and Finance.
You have the right to withdraw your consent at any time. You can withdraw your consent or revise your consent preferences through an email sent to fbf@eui.eu

Apr
20
Tue
Lecture by Mairead McGuinness: “Making finance work for citizens” @ Online
Apr 20 @ 1:00 pm – 2:00 pm
Register here

MAKING FINANCE WORK FOR CITIZENS

Lecture by Mairead McGuinness, EU Commissioner for Financial Services, Financial Stability and Capital Markets Union.
20 April 2021 – 13:00 CEST

FBF Annual Lecture

WOMEN IN FINANCE SERIES


Commissioner McGuiness will offer a keynote address on the occasion of the FBF Annual Lecture. This lecture represents the kick-off event of a new lecture series “Women in Finance” which aims to highlight successful women across different areas of finance, public service, academia, and private sector.
“For many, the financial world feels distant and complex. As Commissioner, I want to help bridge the gap between citizens and the financial institutions that serve them. At an individual level, boosting financial literacy can help give people the knowledge they need to make sound financial decisions. That needs to be complemented by our other policies, including consumer protection. More broadly, financial regulation should keep people in mind. Developing the Capital Markets Union would allow investments and savings to flow across the EU. Our upcoming retail investment strategy will help retail investors participate in capital markets. We need to keep up with technology, putting the right regulation in place to ensure people can benefit from the latest innovations safely – including encouraging the development of innovation in retail payments. Financial markets should be a force for positive social change, particularly with regard to the environment.”

Mairead McGuinness, European Commissioner for Financial Services, Financial Stability and Capital Markets Union.

Speaker

Mairead McGuinness is the European Commissioner for financial services, financial stability and Capital Markets Union. Before joining the Commission in October 2020, Ms McGuinness was First Vice-President of the European Parliament from 2017. She served as an MEP from Ireland for 16 years, and was a Vice-President of the Parliament since 2014.