Banking crises, financial stability and state aid: the experience so far

The decision made in 2012 to take steps towards the formation of a European banking union raises major questions about the instruments needed to address the problems posed by mismanaged banks while preserving financial stability. This workshop contributed to the policy debate about the next steps beyond the creation of a Single Supervisory Mechanism, starting from the important experience represented by the European Commission’s control of state aid in bank restructuring.

Event materials

• Event summary here
• Gert-Jan Koopman's presentation here
• Commissioner Joaquin Almunia's remarks

Programme

9:00 Welcome by Jean-Claude Trichet, Chairman of Bruegel

9:05 Opening address by Joaquin Almunia, Vice-President of the European Commission

9:20-10:00 Panel presentations

• Gert-Jan Koopman, Director for State Aid, European Commission DG COMP
• Peter Praet, Member of the Executive Board, European Central Bank
• Hans Vijlbrief, Treasurer-General, Dutch Ministry of Finance

10:00-10:45 Interactive discussion moderated by Nicolas Véron, Senior Fellow, Bruegel

Additional confirmed participants include:

• Michelle Brennan, EMEA Financial Services Criteria Officer, Standard & Poor’s
• Peter Brierley, Special Resolutions Unit, Bank of England;
• Nadia Calvino, Deputy Director-General, European Commission / DG MARKT
• Vittorio Di Bucci, European Commission / Legal Service;
• Carlos Egea, Credit Strategist, Morgan Stanley
• Gene Frieda, Global Strategist, Moore Capital;
• Juan Guitard, Director General Internal Audit, Santander
• Alexander Italianer, Director General, DG COMP;
• Justin Knight, European Rates Strategist, UBS;
• Hans-Helmut Kotz, Senior Fellow, Center for Financial Studies Frankfurt;
• Philippe Lespinard, Chief Investment Officer Fixed Income, Schroders;
• Mark MacGann, Senior Vice President, Head of Government Affairs and Public Advocacy Member of the European Management Team
• Rainer Münz, Head of research & Development, Erste Group;
• Erik Nielsen, Global Chief Economist, UniCredit;
• Jernej Omahen, Head of European Financials Research, Goldman Sachs
• Javier Perez, European Regional President, MasterCard;
• Jean Pisani-Ferry, Director, Bruegel;
• André Sapir, Senior Fellow, Bruegel;
• René Smits, Professor of Law, University of Amsterdam;
• Isabelle Vaillant, Director Regulations, European Banking Authority
• Francois Villeroy de Galhau, Chief Operating Officer, BNP Paribas
• Alastair Wilson, Chief Credit Officer Europe, Moody’s Investor Service;
• Guntram Wolff, Deputy Director, Bruegel

Practical details

• Venue: Bruegel, Rue de la Charité 33, 1210 Bruxelles
• Time: 8 March 2013, 9:00 - 10:45
• Contact: matilda.sevon[at]bruegel.org