Financial Stability Conference 2016
How can we fix the deficiencies in the EU financial system? Bank-state-nexus, business models and the missing level playing field
The 4th Financial Stability Conference, co-organised by Bruegel and hosted in Berlin by the Financial Risk and Stability Network, was devoted this year to the topic How to fix the deficiencies in the EU financial system? Bank-state-nexus, business models and the missing level playing field:
Eight years after the financial crisis the European banking sector remains in part fragile. In particular, the hazardous interdependency between states and banks is not solved, despite BRRD and Single Resolution Mechanism in force. One crucial aim of last years regulatory reforms has not been realized: To clean-up and achieve a more level playing field for financial institutions in the EU. The Banking Union is still missing a testing of bail-in, and in politics national interests prevail.
One central question of the conference was how financial reforms and fix deficiences as well as trade-offs should be practised in the new regulatory architecture. The discussants had critically question proposals and settings by asking how they may work, if they are sufficient and adequate under the prevailing conditions, and what else should be done to achieve a level playing field with a sound and diverse financial sector serving real needs.
Date: 3 November 2016
Time: 09:00 – 18:00, followed by a get together
Venue: European School of Management and Technology (ESMT), Berlin