An Introduction to the EU Financial Union

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Dates

18/03/2024 - 20/03/2024

Location

Sala del Camino, Villa Salviati

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Registration deadline

11/03/2024

Level

Introductory

Approach

Qualitative

Delivery mode

Residential

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  • Gain exposure to the drivers and patterns of financial integration in the European Union and the economic and financial architecture established since the Maastricht Treaty.
  • Discuss the concept of the “European Financial Union” and grasp its various dimensions, building blocks (including economic, monetary, financial and fiscal domains) and their interrelations.
  • Acquire familiarity with the key features and institutional actors of the European Banking Union and the Capital Markets Union.
  • Develop the ability to evaluate new policy and legislative initiatives, also in view of creating a truly single market in financial services.
  • Engage on critical reflection on the caveats and limits of the current EU financial governance set-up.
  • Analyse the current state of the European Financial Union, assess the changes in the EU financial integration trajectory, and identify missing components.
  • Critically evaluate future policy challenges in light.
  • More marginally: gain exposure to the most central academic debates on financial integration in the EU.

Generalist profiles in EU institutions and in the three ESAs, ministries of finance, central banks, national and supranational development banks, communication staff in central banks, emerging scholars, private sector practitioners (e.g. trade associations, journalists, law firms, consultancies, banks, investment funds).

Day 1 – Monday 18 March 2024

12:30 – 13:30: Light lunch

13:30 – 14:30: Presentation of the School and the course followed by a Tour de Table, the outline of the course, ice-breaking activity and concept mapping exercise (after that, distribution of glossary and list of acronyms).

14:30 – 16:00: Session 1 – The EU’s financial integration path and progress towards building an EU Financial Union.

16:00 – 16:30: Coffee Break.

16:30 – 17:45: Session 2 – Financial integration in the context of the Economic and Monetary Union & the Fiscal Union.

From 18:00: Dinner session at the EUI with Keynote.

 

Day 2 – Tuesday 19 March 2024

9:15 – 10:45: Session 3 – Towards a European Banking Union – History, politics, framing and trade-offs.

10:45 – 11:15: Coffee Break.

11:15 – 12:45: Session 4 – The  European System of Financial Supervision, the SSM and the Single Rulebook.

12:45 – 14:00: Lunch Break.

14:00 – 15:30: Session 5 – The SRM, and the backstop challenges.

15:30 – 16:00: Coffee Break.

16:00 – 17:30: Session 6 – From banking to sovereigns and back

17:30: Visit the Historical Archives of the EU at Villa Salviati cocktail

 

Day 3 – Wednesday 20 March 2024

9:15 – 10:45: Session 7 – Towards a European Capital Markets Union.

10:45 – 11:15: Coffee Break.

11:15 – 12:45: Session 8 – The Sustainable Finance pillar of the Capital Markets Union.

12:45 – 14:00: Lunch Break.

14:00 – 15:30: Session 9 – Group Activity.

15:30 – 16:00: Coffee Break.

16:00 – 17:30: Session 10 – The way forward – What are the Key Challenges for the European Financial Union to be a reality in the future?

17:30 – 17:45: Closing remarks and end of the course.

 

Selected references

Maria Ana Barata, Thorsten Beck, Nikita Divissenko, María del Carmen Sandoval Velasco, Pierre Schlosser, ‘Thirty years after Maastricht: financial integration in the European Union’, EUI Working Paper, Robert Schuman Centre, European University Institute, 2023.

Thorsten Beck, María del Carmen Sandoval Velasco and Pierre Schlosser, ‘The impact of the Ukraine crisis in the EU Economic and financial union’, EUI Policy Brief, Robert Schuman Centre, European University Institute, 2022.

  • € 1750 – Private Sector
  • € 1500 – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions
  • € 850  – Full-Time Professors, PhD Students, Research Associates
  • Group discounts available upon request

The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities. It does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).

Please submit a certificate attesting your status as a Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.

Please note that the payment must be settled two weeks before the start of the course.

A certificate of attendance will be provided to all participants after the course.

CANCELLATION POLICY

  • In case you can no longer attend the course, you are required to inform the organisers by sending an email to fbf@eui.eu in order to free a seat for participants on the waiting list.
  • In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.

For more details, please contact fbf@eui.eu

Accommodation

Participants are responsible for their own accommodation during their stay in Florence. Below are some hotels that are conveniently located either for the city centre or for the course venue.

Fiesole (closer to the European University Institute)

  1. +39 055 597252, info@villafiesole.it

Florence Historic Centre – Santa Maria Novella Train Station area

ph.+39 055 271840, booking@wtbhotels.com

Florence Centre – Piazza della Libertà area

Nearby airports

Pisa International Airport (Galileo Galilei Airport), is located 85 km from Florence. The shuttle Pisa Mover connects Pisa Airport to Pisa Railway Station, and it is in service every day from 6.00 a.m. to midnight with variable frequencies. The average travel time between the airport and the railway station, including the intermediate stop, is about 5 minutes. From Pisa Railway Station it is possible to take a train to Florence Railway Station (average travel time is one hour). Timetable and ticket options are available at Trainline.

Guglielmo Marconi Bologna International Airport is located 105 km from Florence. It is connected to Bologna Central Station by the shuttle train “Marconi Express” that leaves every 7 minutes. Tickets can be purchased on this website. From Bologna Central Station, Florence can be reached with a high-speed train in about 40 minutes. Timetable and ticket options are available at Trainline.

IT information

  • Upon arrival, you will be provided with temporary Wi-Fi access for the duration of the event.
  • If using your company laptop, please check with your company IT department regarding firewall protections before your departure. EUI uses a Captive Portal authentication to access the EUI Wi-Fi network.

On-site contact points

For any practical questions, please feel free to contact the Florence School of Banking and Finance to the attention of Shauna Kavanagh (fbf@eui.eu).

Restaurants

Below you can find a few suggestions on restaurants located in Fiesole or the city centre, which might be useful for your free night(s).