What can we learn from the 2023 banking turmoil?

What were the root causes of the banking failures in March 2023, and what lessons can be learned to prevent future crises?

Time and location: 11 June 2024 15:00-16:00 Bruegel, Rue de la Charité 33, 4th floor, 1210 Brussels
Format: Public, Hybrid, On the record, Livestreamed
Contact: Matilda Sevón

Speakers

Elena Carletti

Chair of the Scientific Council

Professor of Finance, Bocconi University

Martin Hellwig

Director (em.), Max Planck Institute for Research on Collective Goods

Martin Merlin

Director - Bank, insurance and financial crime, European Commission, DG FISMA

Agenda

Check-in

14:30-15:00

Agenda

Discussion

15:00-15:45

Chair: Rebecca Christie, Bruegel Senior fellow
Elena Carletti, Chair of the Scientific Council
Martin Hellwig, Director (em.), Max Planck Institute for Research on Collective Goods
Martin Merlin, Director - Bank, insurance and financial crime, European Commission, DG FISMA

Agenda

Q&A

15:45-16:00

In March 2023 several banks failed in quick succession, causing the most significant system-wide banking stress since the Great Financial Crisis. The bank failures triggered a lack of confidence in the banking system and reawakened debates on banking policy. At this event we looked back at the root causes of the crisis and discuss what lessons can be drawn to mitigate risks in the future.

Theme: Banking and capital markets
Language: English