Calendar
The objective of the training seminar is to improve participants’ knowledge of the latest regulatory developments, both at Basel and EU levels, in the area of Market Risk, CVA and Market Infrastructure. The seminar is organised by the EBA jointly with the Florence School of Banking and Finance (European University Institute). Apart from the Regulator’s point of view on these topics, the seminar will also provide the Academic and Industry perspective on CVA and Market Infrastructure regulatory developments.
On 7th December the Florence School of Banking & Finance will hold its first Advisory Council meeting.
The Advisory Council of the school is composed of Andrea Enria (Chairperson European Banking Authority), Frank Smets (Advisor Mario Draghi European Central Bank), Ignazio Angeloni (Board Member Single Supervisory Mechanism), Mauro Grande (Board Member Single Resolution Board) and Francesco Mazzaferro (Head of Secretariat European System Risk Board), as well as the new Director General at DG FISMA (EC) Olivier Guersent.
The purpose of the meeting will be to discuss the school’s activities in its first year, as well as to start the development of a European curriculum for professionals working in the Banking & Finance sector on topics of regulation and supervision.
This is a closed event.
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
eabh Conversation on the record
The European Monetary Union and the introduction of the Euro in 1999 were unexpected achievements without precedent. At the initial period of the European Monetary Union the Community had high hopes and expectations. What happened to the hopes and objectives of the Treaty of Maastricht? Have some of them come true? Which crucial turning points or decisions in the history of the Union should and could be revised in order to avoid the mistakes of the past?
Let’s talk about it!
The Florence School of Banking and Finance is very happy to announce the signing ceremony with the school’s founding donor Ente Cassa di Risparmio di Firenze. The agreement between Ente CR and the EUI will be signed on 12th February 2016, in Firenze, by the President of the Ente Cassa di Risparmio di Firenze, Umberto Tombari, and the president of the European University Institute (EUI), Joseph H.H.Weiler, launching the opening of the school. Prof Elena Carletti, the Scientific Director of the school, will also attend the signing ceremony.
Articles about the launch of the Florence School of Banking and Finance at the EUI:
«All’Europa serve immaginazione», Corriere Imprese, 15 February 2016.
A Firenze la scuola per dirigenti bancari, ManagerOnline, 15 February 2016.
Nasce la scuola per dirigenti bancari, QuiNews, 14 February 2016.
Nasce a Firenze la Florence School of Banking & Finance, La Discussione, 14 February 2016.
Nasce a Firenze la superscuola per formare i dirigenti bancari, Repubblica Firenze, 13 February 2016.
Alla Badia Fiesolana nasce la scuola delle regole per l’Europa, Corriere Fiorentino, 13 February 2016.
Nasce a Firenze la “Florence School of Banking & Finance”, STAMP Toscana, 12 February 2016.
E’ NATA LA FLORENCE SCHOOL OF BANKING & FINANCE: FORMERÀ I DIRIGENTI PER BANCHE E FINANZA, Firenze Post, 12 February 2016.
Banche, nuova scuola per professionisti, ANSA, 12 February 2016.
Nasce a Firenze la scuola europea di banca e finanza, Toscana 24, 12 February 2016.
Nasce a Firenze la “Florence School of Banking & Finance”, Ente Cassa di Risparmio di Firenze, 12 February 2016.
Nasce la scuola di banca e finanza: ‘’Un respiro internazionale per un nuovo modello di Fondazione’’, gonews.it, 12 February 2016.
Webinar #1 with Enrico Perotti
This webinar will offer a critical approach to capital requirements with a particular emphasis put on risk absorption capacity in the context of the new Capital Requirements Directive (CRD4) and the Financial Stability Board’s Total Loss Absorbing Capacity (TLAC) standard. Two alternative views of capital requirements will be lined out: the buffer view and the incentives view. As part of the webinar, the risk absorption potential of equity, bail-in debt and, Contingent Convertible Debt instruments (CoCos) will be explored.
Watch the recording
Enrico Perotti (Ph.D. MIT) is Professor of International Finance at the University of Amsterdam, Member of the Scientific Committee of the Florence School of Banking and Finance and CEPR).
His advisory work has focused on policy advice on issues of banking, financial reforms and stability to the EC, ECB, IMF, DNB, Bank of England, the World Bank and the UK Treasury.
Webinar #2 with Enrico Perotti
This webinar will address the new regulatory treatment of Contingent Convertible Debt instruments and the development of the underlying CoCo bond markets. The contractual feature of the existing stock of CoCo debt will be analysed along various dimensions. First, in terms of their regulatory effectiveness in absorbing risk. Second, in terms of their impact on risk incentives and thus on their preventive effect. Third, we will look at the empirical evidence on the market response to their issuance. Finally, time allowing we will discuss the recent evolution on the CoCo bond market in terms of issuances and prices.
Enrico Perotti (Ph.D. MIT) is Professor of International Finance at the University of Amsterdam, Member of the Scientific Committee of the Florence School of Banking and Finance and CEPR).
His advisory work has focused on policy advice on issues of banking, financial reforms and stability to the EC, ECB, IMF, DNB, Bank of England, the World Bank and the UK Treasury.
The European University Institute (EUI), the Brevan Howard Centre at Imperial College together with BAFFI CAREFIN at Bocconi University are organising jointly a conference entitled “Filling the Gaps in Governance: The Case of Europe” to be held at the EUI in Florence on Thursday, April 28, 2016
The conference will bring together leading economists, lawyers, political scientists and policy makers to discuss the current economic situation in Europe with particular emphasis on the issue of filling the gaps or incompleteness in the agreements governing economic cooperation in Europe. These agreements, implicit and explicit, range from matters such as the agreements about domestic debt/GDP levels, the “no bailout clause”, the new banking union, the use of a common currency, the agreement to include identical Collective Action Clauses in all Euro area sovereign bonds and so on.
Organisers:
Franklin Allen | Brevan Howard Centre Imperial College
Elena Carletti | BAFFI CAREFIN Bocconi University and European University Institute
Joanna Gray | Birmingham University
Mitu Gulati | Duke University
Previous Conferences
|
The new financial architecture in the Eurozone 23 April 2015 |
Bearing the Losses from Bank and Souvereign Default in the Eurozone 24 April 2014 |
Political, Fiscal and Banking Union in the Eurozone? 25 April 2013 |
Governance for the Eurozone: Integration or Disintegration? 26 April 2012 |
Life in the Eurozone with or without Sovereign Default? 14 April 2011 |
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.
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.