Past Event

The resurrection of the European Banking Union

At this event, Luis Garicano, member of the European Parliament, presented his two proposals to resurrect the European Banking Union: "a Safe Portfolio" and "a Single Resolution Board +".

Date: February 20, 2020, 12:30 pm Topic: Banking and capital markets

Video and audio recordings

Event Summary

After 8 years, the European Banking Union has not achieved its two stated objectives: breaking future contagion between banks and sovereigns, and creating a true single market for banks.

The aim of this event was to discuss possible solutions to revive the Banking Union. More specifically, Luis Garicano argued in his presentation for the empowerment of the Single Resolution Board and the creation of a “Safe Portfolio” model.

Following these proposed solutions, the political and economic feasibility was discussed in a panel, together with other possible ways to resurrect the Banking Union.

More information about the recommendations can be found here:

Two proposals to resurrect the Banking Union by Luis Garicano.

 

Schedule

Feb 20, 2020

12:30-13:00

Check-in and networking lunch

13:00-13:30

Presentation by Luis Garicano

13:30-14:15

Panel Discussion

Chair: Guntram B. Wolff, Director

Tom Dechaene, Board member, National Bank of Belgium

Luis Garicano, Vice-President of the Renew Europe

Michala Marcussen, Global Head of Economics, Société Générale, Corporate and Investment Banking

14:15-14:30

Q&A

14:30

End

Speakers

Tom Dechaene

Board member, National Bank of Belgium

Luis Garicano

Vice-President of the Renew Europe

Michala Marcussen

Global Head of Economics, Société Générale, Corporate and Investment Banking

Guntram B. Wolff

Director

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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External Publication

European Parliament

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In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).

By: Rebecca Christie and Monika Grzegorczyk Topic: Banking and capital markets, European Parliament Date: October 21, 2021
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External Publication

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This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects have been in practice in the euro area.

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By: Thomas Wieser Topic: Banking and capital markets Date: December 7, 2020
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Opinion

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Meeting the fiscal demands of COVID-19 will require the European Union to borrow on capital markets more than ever, and for European pension funds and households to look more widely for ways to build their nest eggs safely. The EU should take the challenges of the pandemic and Brexit as a chance to get its financial infrastructure house in order.

By: Rebecca Christie Topic: Banking and capital markets, Macroeconomic policy Date: July 16, 2020
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COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to companies. As the recession gets deeper, a more comprehensive strategy is needed. This should be based on four principles: viability of supported entities, fairness, achieving societal goals, and giving society a share in future profits. The effort should be structured around equity and recovery funds with borrowing at EU level.

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