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Sep
23
Wed
RSCAS Seminar Launch: The Yves Mény Annual Lecture. Europe’s Financial Capitals Since the Early Twentieth Century @ Conference Room, Villa la Fonte
Sep 23 @ 4:00 pm – 5:30 pm

The Event will be live streamed on this page

 

 

What has been the position of Europe’s leading financial centres, its ‘financial capitals’, since the globalisation of the early twentieth century? Financial centres are the nerve centres of international finance, a source of wealth and power. Over the last hundred years, most leading international financial centres have been located in Europe –within a changing international balance of power. This paper considers the development of Europe’s international financial position, from the height of the pre-1914 days, when it was the ‘banker of the world’; to the lows of the late 1940s, when it required American assistance; and to the resurgence of its financial power at the turn of twenty-first century in an increasingly multipolar financial environment. The paper addresses three main issues. First: how to explain the rise, persistence and fall of Europe’s financial capitals? Second: what has been the degree of competition, cooperation and integration of Europe’s financial capitals, at both global and European levels? And third, what can the past tell us about the future of Europe’s financial position in the twenty-first century?

The Schuman Centre honours its first Director, Yves Mény, with its annual lecture to mark the beginning of the academic year and to launch the RSCAS Seminar Series. This second Yves Mény Annual Lecture will be given by Youssef Cassis, Professor of Economic History and Joint Chair RSCAS/History and Civilization Department.

 

Organise: Brigid Laffan – EUI – Robert Schuman Centre for Advanced Studies and Global Governance Programme

Speaker: Youssef Cassis

Oct
5
Mon
The Italian Contribution to the Debate on the Future of the Governance of the Euro by Marco Piantini @ Sala del Capitolo, Badia Fiesolana
Oct 5 @ 2:15 pm – 4:15 pm

The depth of the economic and financial crisis and its long-lasting impact highlight fundamental unresolved issues related to the incompleteness of the Economic and Monetary Union, despite important steps forward made in response to the crisis. In addition, disaffection in the European project is widespread among citizens and it is leading to the rise of populist political forces. The current upswing in growth rates, albeit modest, is likely to trigger complacency in national governments and European institutions with the risk of deepening the divide with citizens still heavily affected by the legacy of the crisis in terms of unemployment, poverty and rising inequalities.

Against this background, the Union is at a crossroad between muddling through and facing with determination the new challenges: restore growth potential, foster a job-rich sustained growth in a stable macroeconomic environment and rebuild the relationship between European institutions and European citizens. The launch by the Commission of a multi-annual European investment plan and the definition of adequate incentives for investment and reforms are positive important steps in this direction, especially in the framework of a growth-friendly fiscal policy. However, the urgency and complexity of the issues at stake call for a more ambitious policy mix involving fiscal, structural, social and monetary policies.

Marco Piantini, adviser for European Affairs to the Italian Prime Minister, recently acted as coordinator of the Italian position on the crisis of the Eurozone and other institutional matters. He is a former adviser to President Napolitano and a staff member at the European Parliament.

Organiser: Brigid Laffan – EUI – Robert Schuman Centre for Advanced Studies and Global Governance Programme

Speaker: Marco Piantini

 

Register for the event

 

Oct
22
Thu
Legal and Institutional Dimensions of EMU (Intensive workshop) @ Sala Triaria, Villa Schifanoia
Oct 22 @ 9:30 am – 5:00 pm

FIRST TERM

6 credits

Professors Claire KILPATRICK and Giorgio MONTI

Kilpatrick GiorgioMonti

Workshop description:

An intensive workshop on October 22 and 23 2015 with three hour sessions on each of the following four themes.

  1. Conditions posed to legal change in reaction to the Eurozone crisis at both EU and national level (such as competence constraints, fundamental rights limits)
  2. Legal aspects of the overall new EMU package (e.g. Macro-economic Imbalance Procedure, Excessive Deficit Procedure, Broad Economic Policy Guidelines)
  3. Legal aspects of risk-sharing mechanisms (e.g. European Stability Mechanism, prospects for Euro-bonds)
  4. Legal aspects of banking union (emphasis on: Single Supervisory Mechanism, Single Resolution Mechanism, deposit insurance)

Participants will explore issues of EU legal and institutional design within the specific and dynamic area of EMU and the closely related area of banking union. Sessions on each of the four themes will be moderated by a mixture of invited externals and EUI Faculty. Materials will be circulated by Thursday 1 October to allow time to have thoroughly read and prepared in advance of the intensive seminar. A key goal is to clearly understand and articulate how legal design issues interact with EU economic and monetary policy objectives. To this end each seminar participant will prepare a brief (5 page) policy statement which sets out the legal issues of one of the four issues above in ways comprehensible to non-lawyers. This will be submitted by Tuesday 3 November at midday to Laurence.duranel@eui.eu. Feedback will be provided on each seminar participant’s policy statement.

This seminar forms part of an EUI-led project on A Dynamic Economic and Monetary Union involving the Law and Economics Departments and funded by Horizon 2020. Policy statements will be presented by Law Faculty to Economists participating in the project on Friday 11 and Saturday 12 December 2015. Seminar participants are welcome to attend.

Each day of the seminar will be comprised of two sessions: from 9:00 to 12:30 and from 14:00 to 17:00 hours.

Workshop materials (stand by for updates):

Session 1
Session 2
Session 3
Session 4
Nov
4
Wed
Market Risk regulatory developments. Joint training with European Banking Authority @ EBA premises - Picasso Room
Nov 4 – Nov 5 all-day
Market Risk regulatory developments. Joint training with European Banking Authority @ EBA premises - Picasso Room | London | United Kingdom

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.

Download the programme

Dec
7
Mon
1st Advisory Council meeting @ Sala del Capitolo at Badia Fiesolana
Dec 7 @ 12:00 pm – 5:00 pm
1st Advisory Council meeting @ Sala del Capitolo at Badia Fiesolana | Toscana | Italy

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.

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.
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)