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The second event of the Banking Supervision Policy Working Paper Series, an initiative under the Single Supervisory Mechanism (SSM)–European University Institute (EUI) partnership, was held on 10 December in Frankfurt as a dedicated hybrid session alongside the SSM-BCBS Research Conference. The event brought together researchers, supervisors, and policymakers to discuss new evidence on banking supervision and macroprudential policy.
The session was jointly moderated by Thorsten Beck (Director, Florence School of Banking and Finance, European University Institute) and Pedro Teixeira (Director General of SSM Governance and Operations, European Central Bank), reinforcing the SSM’s continued commitment to embedding rigorous, evidence-based analysis into supervisory decision-making.

Papers Presented
- The Effects of Banks’ Home Bias on Fiscal Sustainability [read paper]
Peter Claeys, College of Europe & Universidad Pontificia Comillas (presenter)
- Foreign Claims and Resilience in International Banking Systems [read paper]
Mikel Bedayo, Banco de España (Presenter)
- Distributional Effects of Countercyclical Capital Buffer Measures [read paper]
Anni Norring, Suomen Pankki – Finlands Bank (Presenter)
In the closing remarks, Pedro Teixeira highlighted the growing reach of the series and announced two newly published papers: one on legal inconsistencies in the treatment of AT1 instruments in EU law, and another offering a climate-law perspective on sustainable finance regulation.

Call for Papers – Next Event in October 2026
The Banking Supervision Policy WPS continues to accept submissions. Researchers working on banking supervision, macroprudential policy, and financial regulation are encouraged to submit their work for consideration. A new presentation event is already scheduled for October 22, 2026, offering another opportunity to present research and engage directly with supervisors and policymakers.
For submission guidelines and deadlines, please click here.