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Calendar

Jun
4
Fri
Sitting on Boards: Better Check and Control of Risks @ Online
Jun 4 – Jul 2 all-day

Course dates: 04 June – 02 July 2021

Training Programme

Sitting on Boards: Better Check and Control of Risks

Online training, fees apply

Information and Registration

Jun
14
Mon
MIFID II/MIFIR: Evolution and Revolution
Jun 14 – Jul 2 all-day
Qualitative

Course dates: 14 June – 02 July 2021

Course Directors: Veerle Colaert (KU Leuven University); Matteo Gargantini (University of Utrecht)

Guest Instructors: Federico della Negra (European Central Bank); Eugenia Macchiavello (University of Genova); Diego Valiante (University of Bologna)

Interview Partners: Francesco Costantino (Regulatory Consulting), Christiane Hölz (DSW/Better Finance), Rainer Riess (FESE)

Area: Regulation, Supervision and Resolution

Level: Intermediate

Target: EU Officials (ECB, SSM, SRB, ESRB, EBA, ESMA, 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.

More information and registration

Jul
15
Thu
Executive seminar on Demography, Inequality and Inflation @ Online
Jul 15 @ 2:30 pm – 3:45 pm

Download the slides of the event

Speakers:
Charles Goodhart | London School of Economics
Manoj Pradhan | Talking Heads Macro

Chair and Moderator:
Thorsten Beck | Florence School of Banking and Finance

Abstract
The rise of China and global demography created a ‘sweet spot’ that has dictated the path of inflation, interest rates, and inequality over the last three decades. However, we are at a point of inflexion, accelerated by the COVID-19 pandemic. As that sweet spot turns sour, the multi-decade trends that demography brought about are set for a dramatic reversal.
Charles Goodhart & Manoj Pradhan‘s new book, The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival, (2020), discusses the implications of this at length. Many of their conclusions are controversial. Neither financial markets nor policymakers are prepared for a significant rise in inflation and wages, or a rise in nominal interest rates. Our other predictions are more benign – productivity will rise and labour will reclaim a greater share of national output, reducing the inequality that has led to so much social and political upheaval. Of one thing we are sure: the future will be nothing like the past.


Charles Goodhart was appointed to the Norman Sosnow Chair of Banking and Finance at the London School of Economics (LSE) in 1985, until his retirement in 2002 when he became Emeritus Professor of Banking and Finance. He was elected a Fellow of the British Academy in 1990, and awarded the CBE in 1997, for services to monetary economics. During 1986, he helped to found the Financial Markets Group at LSE. For the previous 17 years he served as a monetary economist at the Bank of England, becoming a Chief Adviser in 1980. Following his advice on overcoming the financial crisis in Hong Kong in 1983, he subsequently served on the HK Exchange Fund Advisory Committee until 1997. Later in 1997 he was appointed for three years, until May 2000, one of the four independent outside members of the newly-formed Bank of England Monetary Policy Committee. He became an economic consultant to Morgan Stanley in 2009, until he resigned, at the age of 80, in 2016. It was during this period that he began work on the subject matter of his recent book, The Great Demographic Reversal (Palgrave Macmillan), with his colleague there, Manoj Pradhan. He was written widely on matters relating to monetary policy, especially central banking, and macro-economics. Charles is the author of Goodhart’s Law “that any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.”


Manoj Pradhan is the founder of Talking Heads Macroeconomics, an independent research firm and co-author of the bestseller “The Great Demographic Reversal”. Manoj was most recently Managing Director at Morgan Stanley where he led the Global Economics team. He joined Morgan Stanley in 2005 after serving on the faculty of George Washington University and the State University of New York. Manoj works on thematic global macroeconomics, with a focus on emerging markets. He has a PhD in economics from George Washington University and a Masters in Finance from the London Business School.

Sep
6
Mon
Fintech – Innovation, Finance and Regulation @ Online
Sep 6 – Oct 1 all-day
Qualitative

 Course dates: 06 September – 01 October 2021

 Course Director: Philipp Paech (London School of Economics)

 Instructors: Peter Kerstens (European Commission, DG FISMA); Klaus Löber (European Securities and Markets Authority); Elisabeth Noble (European Banking Authority)

 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.

Sep
16
Thu
Should the Stability and Growth’s Pact 3% deficit rule be abandoned? #FBFDiscuss! @ Online
Sep 16 @ 1:00 pm – 2:00 pm
The third event of the #FBFDiscuss! series will develop around the motion: “This House Believes that the Stability and Growth Pact’s 3% deficit rule should be abandoned”  

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.


#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!





Register here
Sep
17
Fri
Panel Data for Banking Sector Analysts @ Online
Sep 17 – Oct 8 all-day
Course dates: 17 September – 08 October 2021
Instructor: Jeffrey Wooldridge (Michigan State University)
Area: Statistical and Econometric Methods
Advanced level 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

Course dates: 11 – 29 October 2021
Course Director: Tuomas Peltonen (European Systemic Risk Board)
Area: Financial Stability and Macroprudential policy
Level: Introductory/Intermediate
Target: Macro-Prudential 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

 Course dates: 25 October – 14 November 2021
 Course Director: Bart Joosen (VU University Amsterdam and Recofise)
 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