The Single Resolution Mechanism and the limits of bank regulation

Conference on 8th Nov 2013 at 9:00am

Location: Humboldt University, Berlin

The Single Resolution Mechanism and the limits of bank regulation

A key element of the EU Banking Union is on the political Agenda: The Single Resolution Mechanism. The new authority will touch complicated and sensible legal, regulatory and political dimensions. It raises severe questions on legitimacy,institutional setting, funding and political influence. Missing democratic legitimation in past financial crisis decisions, we need a public debate on essential regulatory initiatives. Change in mind, governance and adequate financial regulation can only come from having this ongoing debate. Bringing together academics, regulators,politicians and industry experts, we will stimulate the discussion on the design of the Resolution Authority, the impact of regulatory policy and the responsibility of financial institutions. For this, the conference gives an inspiring opportunity.

The event is organised jointly by:

  • Institute for Bank- and Capital Market-Law at Humboldt-University Berlin
  • Centre for European Economic Research (ZEW)
  • Bruegel
  • Financial Risk and Stability Network

Speakers

  • Keynote - Jörg Asmussen, Executive Board, European Central Bank
  • Keynote - Ramon Fernandez, Director General, French Treasury
  • Keynote - Dr. Thomas Steffen, State Secretary, Federal Ministry of Finance
  • Ralph Brinkhaus, CDU Parliamentary Group
  • Prof. Jean-Pierre Danthine, Swiss National Bank Ramon Fernandez, French Treasury
  • Prof. Clemens Fuest, Centre for European Economic Research
  • Dr. Korbinian Ibel, Commerzbank AG
  • Ingo Mandt, Landesbank Baden-Württemberg
  • Marco Mazzucchelli, Bank Julius Baer
  • Mario Nava, DG Internal Market, European Commission
  • Carsten Schneider, SPD Parliamentary Group
  • Dr. Thomas Steffen, Federal Ministry of Finance
  • David Vegara, European Stability Mechanism
  • Nicolas Veron, Bruegel
  • Dr. Pierre Wunsch, National Bank of Belgium
  • and other Experts...

Event materials

Programme

8:15 Registration

09:15 Welcome & Opening

  • Martin Aehling, Financial Risk and Stability Network

09:30 Welcome Address

  • Marie-Thérèse Duffy-Häusler, Acting Head of the Representation of the European Commission in Germany

09:40 Opening Remarks - Banking Union: Balancing European Integration and National Responsibility

  • Prof. Dr. Dr. Dr. h.c. LL.M. Christian Kirchner, Humboldt University of Berlin

09:50 Keynotes - In Search for Relief: A new Framework for Recovery and Resolution

  • Ramon Fernandez, Director General, French Treasury
  • Dr. Thomas Steffen, State Secretary, Federal Ministry of Finance
  • Dr. Mario Nava, Director Financial Institutions, European Commission

10:45 Discussion

How should the Single Resolution Mechanism evolve?
How centralized should Bank Resolution be organized?
Who should bear the Burden of Bank Resolution?

  • Ramon Fernandez, French Treasury, Ministry for the Economy and Finance
  • Elisa Ferreira, Member of the European Parliament
  • Dr. Korbinian Ibel, Commerzbank AG
  • Dr. Mario Nava, DG Internal Market, European Commission
  • Dr. Thomas Steffen, Federal Ministry of Finance
  • Moderation: Dr. Guntram Wolff, Bruegel

11:30 Talk of Experts - Banks in Distress: What to do? The Role of the Single Resolution Mechanis

Recapitalisation
Governance and Recovery Plans
Bail-in and Restructuring

  • Thomas von Lüpke, Federal Agency for Financial Market Stabilisation
  • Prof. Dr. Isabel Schnabel, University Mainz
  • Dr. Bernhard Speyer, Deutsche Bank Research
  • David Vegara, European Stability Mechanism
  • Dr. Pierre Wunsch, National Bank of Belgium
  • Moderation: Prof. Dr. Kern Alexander, University of Zurich

12:15 Lunch

13:30 Presentation - Reforming the EU Banking System: a Progress Report

Assessing the new Regulatory Framework
The Case for Structural Reforms: Focus versus Diversification
The new EU Financial Order

  • Marco Mazzucchelli, Bank Julius Baer; Liikanen High-Level Expert Group

14:15 Discussion - Limits of Bank-Regulation and the Political Nexus

Banks, Sovereign Debt and Consequences
The Context of Supervision and Resolution
Banking Consolidation in the European Union

  • Ralph Brinkhaus, CDU-Member of Deutscher Bundestag
  • Prof. Dr. Henrik Enderlein, Hertie School of Governance
  • Dr. Gerhard Schick, Bündnis 90/Die Grünen-Member of Deutscher Bundestag
  • Dominik Treeck, Oliver Wyman
  • Nicolas Véron, Bruegel
  • Moderation: Sven Böll, Der Spiegel

15.00 Coffee break

15:30 Keynote - Banking Union: A View from the European Central Bank

  • Jörg Asmussen, Executive Board, European Central Bank

16:15 Panel - Crisis Prevention and today's Regulatory Settings

Eurozone Crisis: Can the Banking Union help?
Regulatory Reforms: But what?
Eurozone and the Rest of the World: Circle the Wagons

  • Prof. Dr. Clemens Fuest, Centre for European Economic Research
  • Prof. Dr. Jean-Pierre Danthine, Swiss National Bank
  • Ingo Mandt, Landesbank Baden-Württemberg
  • Carsten Schneider, SPD-Member of Deutscher Bundestag
  • Moderation: Prof. Dr. Reint Gropp, Goethe University Frankfurt

17:15 Closing Remarks & Farewell

  • Martin Aehling, Financial Risk and Stability Network

17.30 Get together - Wine bar

Practical details

Venue: Humboldt-University, Fritz-Reuter Saal, Dorotheenstraße 24, 10117 Berlin-Mitte Berlin
Date: Friday 8 November 2013, 9:00 - 17:30
Contact: Martin Aehling, Financial Risk and Stability Network, martin.aehling[at]frsn.de

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