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Online debate: ECB Policies in COVID-19 Times

June 10, 2020 @ 1:00 pm – 2:15 pm Europe/Rome Timezone
Naïs Ralaison
+39 055 4685984

Speech by Isabel Schnabel

Download the slides

On 10 June 2020 (13.00-14.15) the European University Institute’s Florence School of Banking and Finance will host an online seminar on ‘ECB Policies in COVID-19 times’ with Isabel Schnabel, Member of the European Central Bank’s Executive Board, Jean-Pierre Mustier (President, European Banking Federation and CEO, Unicredit) and Patrick Honohan (Honorary Professor, Trinity College Dublin and Non-Resident Fellow, Peterson Institute for International Economics).
In her introductory remarks, Ms Schnabel will review the ECB’s policy response to the COVID-19 pandemic explaining the economic rationale for the ECB’s crisis-related monetary policy measures – including the Pandemic Emergency Purchase Programme (PEPP), targeted and non-targeted liquidity operations, as well as recent changes to the ECB’s collateral framework. Furthermore, Ms Schnabel will look beyond the immediate crisis response to the medium-term economic impact of the pandemic, including the economic outlook, the situation of the financial sector and the future of European integration.
Ms Schnabel’s initial intervention will be followed by a panel discussion with Jean-Pierre Mustier and Patrick Honohan moderated by Elena Carletti (Bocconi University and European University Institute).


Elena Carletti (Bocconi University and Florence School of Banking and Finance, European University Institute)
Elena Carletti is Professor of Finance at Bocconi University. She is also at the 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). Furthermore, she is research professor at the Bundesbank, a member of the Expert Panel on banking supervision for the European Parliament, a member of the Scientific Committee “Paolo Baffi Lecture” at the Bank of Italy, a member of Bruegel Scientific Committee, Research Fellow at CEPR, Fellow of the Finance Theory Group, CESifo, IGIER, and Wharton Financial Institutions Center. She is the author of numerous articles on Financial Intermediation, Financial Crises and Regulation, Competition Policy, Corporate Governance and Sovereign Debt.



Isabel Schnabel Member of the ECB’s Executive Board
Isabel Schnabel is a member of the Executive Board of the European Central Bank (ECB) where she is responsible for Market Operations, Research and Statistics. Before joining the ECB, she was Professor of Financial Economics at the University of Bonn (currently on leave) and spokesperson of the Cluster of Excellence ECONtribute: Markets & Public Policy. From 2014 to 2019 she served as a member of the German Council of Economic Experts, and in 2019 she was Co-Chair of the Franco-German Council of Economic Experts. Her research focuses on financial stability, banking regulation, international capital flows and economic history.

Jean-Pierre Mustier President of the European Banking Federation, CEO Unicredit
Jean Pierre Mustier began his career at Société Générale, where he remained from 1987 until 2009, working primarily within the Corporate & Investment Banking division. He held numerous positions in various markets and financing activities, in Europe, but also in Asia and the US.Jean Pierre was appointed head of Société Générale’s Corporate & Investment Banking Division in 2003, and was also a member of the bank’s Executive Committee. In September 2008, he took over the responsibility for Asset Management, Private Banking and Securities Services.After leaving Société Générale at the end of 2009 he has advised many financial institutions and completed large amounts of fundraising for various social enterprises and non-profit institutions, also as trustee.
In early 2011 he joined UniCredit as Deputy General Manager in charge of the Corporate & Investment Banking (CIB) Division. He was a member of the UniCredit Executive Management Committee. Upon stepping down from his executive role at UniCredit at the end of December 2014, he joined the bank’s international advisory board. In January 2015, Jean Pierre became a London based partner of Tikehau Capital, an investment management group, with specific focus and responsibility for Tikehau’s international expansion. On 30th June 2016 he was co-opted as member of the board of directors of UniCredit S.p.A., being thereafter appointed as Group Chief Executive Officer and General Manager effective 12th July 2016. On 1st July 2019, Jean Pierre became President of the European Banking Federation (EBF).

Patrick Honohan Honorary Professor of Economics at Trinity College Dublin; Nonresident Senior Fellow at the Peterson Institute for International Economics, formerly Governor of the Central Bank of Ireland
Patrick Honohan was Governor of the Central Bank of Ireland from 2009-2015, and has returned to Trinity College Dublin, where he was appointed Professor in 2007. He is also a Nonresident Senior Fellow at the Peterson Institute for International Economics. Previously he was a Senior Adviser in the World Bank working on issues of financial policy reform. During the 1980s he was Economic Adviser to the Taoiseach (Irish Prime Minister) and spent several years at the Economic and Social Research Institute, Dublin.A graduate of University College Dublin and of the London School of Economics, from which he received his PhD in 1978, Dr. Honohan has published widely on issues ranging from exchange rate regimes and purchasing-power parity, to migration, cost-benefit analysis and statistical methodology.


Technical disclaimer

The online seminar will take place on the Adobe Connect platform. You can access the seminars from personal computers, laptops, tablets and smartphones. You are strongly encouraged to read the technical requirements before registering for the online seminar. To ensure an optimal experience in terms of connection speed and video quality, we suggest to attend the seminar via a device connected to a stable network connection, avoiding if possible shared wi-fi or mobile connections.