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Jun
16
Thu
Financial Deregulation: A Historical Perspective @ Sala Europa, Villa Schifanoia
Jun 16 @ 2:00 pm – Jun 17 @ 1:30 pm

This conference will address the liberalisation of the financial sector that occurred towards the end of the 20th Century, with a particular focus on the 1980s. It will cover different countries and consider the emergence and persistence of a new regulatory paradigm until – or even after – the recent financial crisis.

In most rich countries, various measures have been passed in order to liberalise and “modernise” the financial markets. Each country had its own agenda, but each of them has experienced, to a various extent, a change in regulatory regime. Interest rates paid on deposits have been liberalised, competition has been favoured, traditional barriers between insurance, banking, and
financial market activities, have been removed, as well as exchange controls. Access to domestic markets by foreign financial institutions has been facilitated through reciprocal agreements or through an open door approach attracting foreign investors.
Financial deregulation – or liberalisation – has not yet been thoroughly examined by historians, though, because of the difficulty to access archival material for recent periods. However, such material is becoming increasingly accessible and allows historians to take a new look at the matter, particularly concerning the 1980s.

As major reforms of the financial sector, such as Basel III, are being widely debated today, it is important to take a broader and longer-term view, in order to understand if we are still living under the same regulatory regime as before, or if a truly new paradigm has emerged. We will address the relevance of the notion of “deregulation”, the links between the changes under consideration and globalisation, and the respective influence of market forces and politics in this process. These questions call for an interdisciplinary approach that not only looks at historical and economic aspects, but also addresses legal, conceptual, and political issues.

Organiser: Youssef Cassis

Download the programme

Jun
28
Tue
EUI Forum on Brexit @ Seminar Room 2, Badia Fiesolana
Jun 28 @ 11:00 am – 12:30 pm
EUI Forum on Brexit @ Seminar Room 2, Badia Fiesolana

The European University Institute Forum on Brexit with short contributions from Brigid Laffan, Gary Marks and Liesbet Hooghe.

Brigid Laffan is Director of the Robert Schuman Centre for Advanced Studies (RSCAS) at the EUI.

Gary Marks is a research professor in Multilevel Governance at the VU University Amsterdam and Burton Craige Distinguished Professor of Political Science at the University of North Carolina at Chapel Hill. Gary Marks is currently a Visiting Scholar at the RSCAS.

Liesbet Hooghe is the W. R. Kenan Jr. Professor of Political Science at the University of North Carolina at Chapel Hill. She also holds a research professorship in multilevel governance at the VU University Amsterdam. Liesbet Hooghe is currently a Visiting Scholar at the RSCAS.

Watch the Recording of the Conference

Jul
14
Thu
Executive Seminar on Banking Resolution @ Florence
Jul 14 – Jul 15 all-day
Executive Seminar on Banking Resolution @ Florence | Florence | Tuscany | Italy

On the 14-15 of July, the Florence School of Banking & Finance will hold an executive seminar on banking resolution. The aim of this Chatham House seminar will be to discuss, in the presence of senior decision-makers from the European Central Bank, the European Commission, the Single Supervisory Mechanism, the European Banking Authority and the Single Resolution Board the implications for regulators and financial institutions alike of the newly established banking resolution regime. Distinguished academics and senior practitioners from financial institutions have also confirmed their participation. 

Download the programme

This is a closed event.

Oct
20
Thu
“Is It Made of Timber or Steel? State of Play of the Banking Union” @ Villa Schifanoia, Sala Belvedere
Oct 20 @ 3:00 pm – 5:00 pm
“Is It Made of Timber or Steel? State of Play of the Banking Union” @ Villa Schifanoia, Sala Belvedere | Firenze | Toscana | Italy
Joint-seminar organised by the Law Department’s EU Financial and Monetary Law working group and the Robert Schuman Centre 

Stefaan De Rynck (DG FISMA, European Commission) will present a paper on the state of banking union, covering the issues of supervision, resolution and deposit guarantees. The paper reviews competing explanations for the emergence of banking union on the EU agenda. It also discusses the first indications on the effectiveness of banking union, both for a more centralized EU banking policy and for breaking the nexus between national banks and their sovereigns in the context of Euro Area crisis management.
Mr. De Rynck is an EU official who worked with Commissioner Michel Barnier on the creation of the single supervisory mechanism and the new resolution regime for EU banks. He is currently Head of Unit in DG FISMA for free movement of capital and enforcement of financial regulation. He teaches at the Collegio Carlo Alberto (University of Turin) and the College of Europe (Bruges), and has a PhD from the EUI, and has recently published in JEPP on the creation of the banking union. Currently he is drafting a chapter on banking union for a Routledge Handbook on EU Public Policy.

Discussants:
  • Manuela Moschella (Associate Professor in International Political Economy, Scuola Normale Superiore, Florence)
  • Christy Petit (Law Department, European University Institute)

The session will be chaired and moderated by Pierre Schlosser, Florence School of Banking and Finance
Dec
1
Thu
Framing the ECB’s role during the crisis: the rise of a ‘gouvernement des banquiers’? @ Sala Belvedere, Villa Schifanoia
Dec 1 @ 2:00 pm – 3:30 pm
Framing the ECB’s role during the crisis: the rise of a ‘gouvernement des banquiers’? @ Sala Belvedere, Villa Schifanoia | Firenze | Toscana | Italy
Joint seminar organized by the Robert Schuman Centre and the Law Department’s EU Financial and Monetary Law Working Group. Gabriel Glöckler (ECB) will make a presentation on the changing ECB’s role in the EU governance, focusing on its perceived power concentration as the Bank started to use more controversial non-standard monetary policy tools, became involved in the Troika and eventually was given powers to supervise Eurozone banks. The presentation will address the interplay with politics, questions surrounding the means of holding the ECB accountable and ultimately the Bank’s legitimacy in the evolving EMU set-up. Mr. Glöckler has been with the European Central Bank since 1999 and recently joined the Bank’s senior management as Principal Adviser in the Directorate General Communications, where he focuses, in a deputy spokesman role, on the ECB’s outreach towards the general public, politics, and academia and the strategic direction of communications. Previous positions include Head of the Bank’s General Secretariat, Deputy Head of the EU Institutions Division (and in that capacity, member of the EU’s Economic Policy Committee) and Counsellor/Chief of Staff to the ECB’s Vice-President Lucas Papademos. Mr. Glöckler, who grew up in Leipzig, studied Philosophy, Politics and Economics at Oxford University and holds a Master’s degree from the College of Europe in Bruges. He is Visiting Professor at the College of Europe, a regular public speaker, and has published in renowned journals, most recently on the creation of banking union. First reactions on the presentation will be provided by:
  • Manuela Moschella (Associate Professor in International Political Economy, Scuola Normale Superiore, Florence)
  • Deirdre Curtin (EUI, Law Department)
The event will be chaired and moderated by Brigid Laffan (Director, Robert Schuman Centre for Advanced Studies). The event will be held under Chatham House Rules.
Apr
27
Thu
FBF Annual Conference: “The Changing Geography of Finance and Regulation in Europe” @ Villa Schifanoia
Apr 27 all-day
FBF Annual Conference: "The Changing Geography of Finance and Regulation in Europe" @ Villa Schifanoia | Firenze | Toscana | Italy

The annual conference of the Florence School of Banking and Finance, organised at the European University Institute (EUI), brings together leading economists, lawyers, political scientists and policy makers to discuss the current economic situation in Europe.

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

Background:

The financial world is undergoing a profound technological change. The advent of innovative technologies is unsettling the industry’s modus operandi which will soon enough disrupt the current practices of both supervisors and central banks. Big data, block-chain and the proliferation of distributed ledgers are only a few illustrations of a wider financial technology industry build-up – known as FinTech – which will revolutionise the global financial infrastructure.
As a result of this, the geography of finance is evolving at a rapid pace. In this new context of digital transformation and innovation, how should regulation respond? Is regulatory arbitrage and the reliance on more decentralised regulatory regimes a possible solution or is the top-down central model resilient enough to sustain these changes? Can regulators turn these new challenges into opportunities?

Sessions:

  • Session 1: The New World of FinTech
  • Session 2: Regulatory Arbitrage across Jurisdictions
  • Session 3: A Case Study: BREXIT

MORE INFORMATION AND REGISTRATION

Jun
12
Mon
International Risk Management Conference 2017 @ Various locations, Florence, Italy
Jun 12 – Jun 14 all-day
International Risk Management Conference 2017 @ Various locations, Florence, Italy

The International Risk Management Conference – 10th Edition of the Annual Meeting of The Risk, Banking and Finance Society takes place in Florence on June 12-14, 2017.

This event brings together professionals and leading experts from various academic disciplines, among others: Davide Alfonsi (Intesa Sanpaolo), Edward I.Altman (NYU Stern), Menachem Brenner (NYU Stern), Michael Gordy (Principal Economist – Board of Governors of Federal Reserve System), Rossella Locatelli (University of Insubria), Anthony Saunders (NYU Stern) and David Yermack (NYU Stern).

In the framework of the conference, the Florence School of Banking and Finance is organizing a professional workshop entitled “Financial Markets and Institutions. This half-day workshop, taking place at the EUI premises in San Domenico di Fiesole on June 14th, will explore the increasingly intertwined nature of risk management and regulation.

 

The Call for Papers for the IRMC conference is now open.
To celebrate the 10th edition of the conference, RBF and Classis Capital SIM will offer a € 3000 cash prize for the Best Conference Paper. The winner will be selected by a World Review Committee and will be announced at the Gala dinner.

The conference welcomes all theoretical, methodological and empirical contributions relevant to the theme “Assessing 10 Years of Changes in the Financial Markets: How will the Future be impacted?”. 
Full papers must be submitted by March 15, 2017. The accepted papers will be presented in parallel sessions. Complete information regarding the Call for Papers can be found on the IRMC website.

 

Further information on the event can be found on the conference website: http://www.therisksociety.com/.
Apr
26
Thu
FBF Annual Conference: ‘Institutions and the Crisis’ @ Villa Schifanoia
Apr 26 all-day
FBF Annual Conference: 'Institutions and the Crisis' @ Villa Schifanoia | Firenze | Toscana | Italy

The annual conference of the Florence School of Banking and Finance, organised at the European University Institute (EUI) brings together leading economists, lawyers, political scientists and policy makers to critically analyse, review and debate the most salient elements and gaps of Europe’s post-crisis institutional architecture.

Organisers:

Franklin Allen | Brevan Howard Centre Imperial College
Elena Carletti | BAFFI CAREFIN Bocconi University and European University Institute
Mitu Gulati | Duke University

Background:

The crisis has turned Europe’s economic and financial governance into a patchwork of bodies, instruments and rules that are hard to disentangle. Against this background, the purpose of this conference is to critically analyse, review and debate the most salient elements and gaps of Europe’s post-crisis institutional architecture.

More specifically, the conference aims:
  • to draw analytical and practical lessons from the crisis management solutions provided by European Union institutions
  • to interrogate how courts discussed, challenged and legitimized the EU’s key crisis-led decisions
  • to look ahead and boldly ask and discuss what should be the Economic and Monetary Union’s optimal institutional set-up – also in light of a renewed and conceivably more dynamic French-German cooperation moment.

Sessions:

  • Session 1: A Look Back: Evaluating European Institutions’ Crisis Management
  • Session 2: Disentangling The Crisis And The Courts
  • Session 3: The Way Forward: The Eurozone’s Institutional Prospects

MORE INFORMATION AND REGISTRATION

Jul
5
Thu
Executive Seminar on Financial Surveillance @ Villa Salviati
Jul 5 @ 12:00 pm – Jul 6 @ 2:00 pm
Executive Seminar on Financial Surveillance @ Villa Salviati | Firenze | Toscana | Italy

Participation to this event is upon invitation only


This closed-doors, two-days Chatham House executive seminar on Financial Surveillance will (1) take stock of the state of the art in the supervision and resolution of banks and other non-bank actors in Europe; (2) will assess the market impact and developments of the recently implemented prudential and resolution rules and will (3) critically review current oversight gaps and risks and explore possible remedies. Compared to past editions which focussed on the banking sector, this executive seminar will look both at banks and non-banks realities.

The executive seminar will be held in the context of the Florence School of Banking and Finance’s 4th Advisory Council and Scientific Committee Meeting.

PROGRAMME

 


Scientific organisers:

  • Stefano Cappiello | Bank of Italy
  • Elena Carletti | Florence School of Banking and Finance and Bocconi University
  • Pierre Schlosser | Florence School of Banking and Finance
  • Emiliano Tornese | European Commission

Jun
27
Thu
Executive Seminar on The New World of Financial Stability @ Villa Schifanoia
Jun 27 @ 12:00 pm – Jun 28 @ 2:00 pm
Executive Seminar on The New World of Financial Stability @ Villa Schifanoia | Firenze | Toscana | Italy

Participation to this event is upon invitation only


This two-days Chatham House executive seminar on the New World of Financial Stability will (1) take stock of the state of the art in the regulation and supervision of banks and other nonbank actors in Europe; (2) assess the market impact of and developments in the Single Market for banking and finance; (3) discuss risks and opportunities stemming from new technologies and business models and (4) critically review current oversight gaps and risks and explore possible remedies.

In line with last year’s approach, this Florence School of Banking and Finance (FBF) executive seminar will look both at banking and non-banking entities.

The executive seminar will be held in the context of the Florence School of Banking and Finance’s 4th Advisory Council and Scientific Committee Meeting.


Scientific organisers:

  • Stefano Cappiello (FBF and Italian Treasury)
  • Elena Carletti (FBF and Bocconi University)
  • Pierre Schlosser (FBF)
  • Emiliano Tornese (FBF and European Commission)
  • Tobias Troeger (Frankfurt University)