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Calendar

Jun
22
Tue
Should central banks issue digital currencies? #FBFDiscuss! @ Online
Jun 22 @ 1:00 pm – 2:00 pm

Watch the streaming of the event!

   


The second event of the #FBFDiscuss! series will develop around the motion: “This House Believes that central banks should introduce central bank digital currencies.” The digitalisation wave in the financial sector has also reached the sphere of money, with cryptocurrencies such as Bitcoin and stable coins such as Diem increasingly dominating headlines. Several central banks have recently confirmed plans to evaluate the option of issuing their own digital currencies, including for retail use. In April, the Eurogroup announced its support for ECB plans to possibly issue digital euros. This debate will explore the pros and cons of such a move to central bank-issued digital currencies, including retail digital currencies. Will it help central banks and the financial system to keep up with digitalisation trends? Or will it risk undermining the banking system, and lead to rising cyber frauds and money laundering risks? Will it increase the efficiency of payments further? Or will it eliminate what little privacy we have left in the financial system?  

Proponent

Domenico Lombardi, Economist and Public Policy Expert Formerly the CEO of a foreign bank, he was as a think tank executive at CIGI, Ontario, and a senior scholar at the Brookings Institution in Washington. Previously, he served as an executive board member of the IMF and the World Bank in Washington. His research has been published in leading academic journals. Lombardi has been a regular speaker in high-level international fora, including the G20 and the governing bodies of multilateral financial organizations. He has testified a number of times, including before U.S. Senate Committees. He has led various high-profile evaluations: on the Financial Stability Board; on the World Bank (“5 Is Review”); and on IMF reform (“Fourth Pillar Report”). Lombardi holds a degree summa cum laude from Bocconi University and a Ph.D. in economics from Oxford University.  

Opponent

Steve Cecchetti, Rosen Family Chair in International Finance at the Brandeis International Business School. From 2008 to 2013, Professor Cecchetti served as economic adviser and head of the monetary and economic department at the Bank for International Settlements. During his time at the Bank for International Settlements, Cecchetti participated in the Basel Committee on Banking Supervision and the Financial Stability Board post-crisis global regulatory reform initiatives to establish new international standards for ensuring financial stability. In addition to his other appointments, Professor Cecchetti, from 1997–1999 served as Executive Vice President and Director of Research at the Federal Reserve Bank of New York; and from 1992-2001 he was editor of the Journal of Money, Credit, and Banking. Cecchetti has published widely in academic and policy journals, is the author of a leading textbook in money and banking, and blogs at www.moneyandbanking.com. Professor Cecchetti holds an undergraduate degree from the Massachusetts Institute of Technology, a doctorate from the University of California Berkeley, and an honorary doctorate in economics from the University of Basel.  

References

    • S. Cecchetti and K. Schoenholtz, ‘Central Bank Digital Currency: The Battle for the Soul of the Financial System’, Money and Banking, June 2021, link
    • S. Cecchetti and K. Schoenholtz,Libra’s dramatic call to regulatory action‘, Money and Banking, July 2019, link
    • S. Cecchetti and K. Schoenholtz,Universal Central Bank Digital Currency?‘, Money and Banking, April 2018, link
    • R. Auer et al.,CBDCs beyond borders: results from a survey of central banks‘, BIS Papers No 116, June 2021, link
#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!
Jun
29
Tue
Gender differences in financial literacy @ Online
Jun 29 @ 1:00 pm – 2:00 pm

Women in Finance series

GENDER DIFFERENCES IN FINANCIAL LITERACY

Lecture by Annamaria Lusardi, The George Washington University, CEPR, NBER and Netspar 29 June 2021 – 13:00 CEST



Register here to attend on Zoom* * Attending the event on Zoom will allow you to pose questions and interact with the speaker and moderator.
The Women in Finance series aims to highlight successful women across different areas of finance, public service, academia, and private sector. In our second event of the series, Professor Annamaria Lusardi will present the results of her research on gender differences in financial literacy: “Our data, collected over many years, show that women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. We show that women tend to disproportionately respond “do not know” to questions measuring financial knowledge, but when this response option is unavailable, they often choose the correct answer. We estimate that about one-third of the financial literacy gender gap can be explained by women’s lower confidence levels. These estimates matter; both financial knowledge and confidence can be linked to stock market participation.”

Speaker

Annamaria Lusardi is University Professor of Economics and Accountancy at the George Washington University School of Business (GWSB). Moreover, she is the founder and academic director of GWSB’s Global Financial Literacy Excellence Center. Previously, she was the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where she taught for twenty years.      

Reference:
T. Bucher-Koenen, R. Alessie, A. Lusardi, M. van Rooij, Fearless Woman: Financial Literacy and Stock Market Participation, Working Paper, Global Financial Literacy Excellence Center, March 2021:link
C. Barrett, P. Jenkins, Lack of confidence is impeding women’s financial literacy, study finds, Financial Times, March 2021: link
 

Chair

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).
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
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

Nov
17
Wed
Bank Crisis Management – what next? @ Online
Nov 17 – Nov 18 all-day

SRB – FBF – SAFE Academic event | Online, 17-18 November 2021

Call for papers

Deadline for submissions: 1 September 2021

 

Download the call for papers


The Single Resolution Board, the Florence School of Banking and Finance, and the Leibniz Institute for Financial Research SAFE are organising an interdisciplinary academic event, entitled ‘Bank crisis management – what next?’. The event will take place in the afternoons of 17 & 18 November 2021 in a virtual format. With the Global Financial Crisis now more than a decade behind us, and against the backdrop of a seemingly strongly recovering economy, this academic event aims to identify, and evaluate the successes and challenges of the post-crisis EU bank crisis management framework. How has the presence of new resolution tools, precautionary measures and regulations stood up in times of stress? Are we on a road to economic recovery that will also invigorate the financial sector? Or is the financial sector standing on a dangerous cliff edge that is yet to be recognised? What are the next steps in the journey towards a sustainable and stable financial sector in the EU and in other jurisdictions? These and more questions will be explored during the two half-day conference jointly organised by the SRB, FBF, and SAFE. The event brings together leading scholars, and policy-makers to discuss economic, financial, legal, political and public policy topics located at the cutting edge of financial stability and bank crisis management, both from a European and non-European perspective.  

Topics

We welcome original theoretical and empirical contributions, from different disciplines and geographies, on topics including, but not limited to:
  • Review of the EU bank crisis management and deposit insurance framework: tension between handling bank failures and protecting depositors;
  • Completing the Banking Union: the European Deposit Insurance Scheme;
  • Shielding EU public money from the effects of bank failures under EU State Aid rules;
  • Interaction between liquidity, capital and bail-inable debt requirements;
  • Cross-border resolution and challenges for home/host authorities;
  • Liquidity and funding in resolution: progress and challenges ahead;
  • Did post-financial-crisis reforms make the EU banking sector more resilient?;
  • Moments of widespread bank fragility: contagion, systemic risk, and resolution;
  • The role of international standard-setting in resolution and crisis management rules;
  • The impact of Covid-19 on European banks and on the EU bank crisis management framework;
  • Does the exit strategy post-Covid-19 pose a challenge to the banking sector?; and
  • Safe assets & Covid-19 recovery.
While some of the topics are Europe-specific, we also encourage papers that assess non-European experience.  

Submissions

  • Each contribution should address one of the above topics and should include an Extended Abstract of maximum one-page.
  • The deadline for submission is 1 September 2021.
  • The authors of papers accepted by the Scientific Committee will be notified by 15 October 2021.
  • The selected papers will be eligible for publication on the SRB, FBF, and SAFE websites. Presenters may also be interviewed for an SRB podcast and for selected short FBF videos.
Submit your paper here
Nov
22
Mon
Cross-border Banking Supervisory Cooperation @ Online
Nov 22 – Dec 10 all-day

 Course dates: 22 November – 10 December 2021
 Course Directors: Ignazio Angeloni (Senior Fellow SAFE at Goethe University Frankfurt>; Maria Ana Barata (Research Associate at European University Institute, Florence School of Banking and Finance); Thorsten Beck (Director of the Florence School of Banking and Finance and Professor at Business School); Christy-Ann Petit (Research Associate at European University Institute, Florence School of Banking and Finance)
 Area: Regulation, Supervision and Resolution
 Target: Mid and high-level officials from central banks, regulatory authorities, ministries of finance, interested young professional and academics, mid-level and senior bank staff