Third ESRB annual conference, Frankfurt am Main - Main contents
| date | September 27, 2018 - September 28, 2018 |
|---|---|
| city | Frankfurt am Main, Germany |
| location | European Central Bank, Main Building  |
| attending | M. (Mario) Draghi i et al. |
| organisation | European Systemic Risk Board (ESRB) i |
Frankfurt am Main, 27 and 28 September 2018
European Central Bank, Main Building
Press Conference Room
Programme
Thursday, 27 September 2018
15:30 - 16:00
Welcome address
Mario Draghi, Chair of the ESRB
Mario Draghi, in his capacity of Chair of the European Systemic Risk Board, will open the conference and give a keynote address to conference participants.
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16:00 - 17:30
Policy panel discussion: Sustainable finance
Climate change can pose a threat to financial stability due to the adverse impact of climate- and weather related events on the economy and the transition risks associated with reducing carbon emissions. Participants in this policy panel discussion will provide their insights on climate-related financial risks and how they can be addressed by market participants and financial policymakers.
Chair:
Mark Carney, Governor of Bank of England
Panellists:
Stefan Ingves, Governor of Sveriges Riksbank
Dirk Schoenmaker, Professor, Erasmus University Rotterdam
Christian Thimann, CEO, Athora Germany
Francois Villeroy de Galhau, Governor of Banque de France
17:30 - 18:00
Keynote speech
Philip Lane, Governor, Central Bank of Ireland, Chair of the ESRB ATC
Philip Lane, Governor of the Central Bank of Ireland and Chair of the ESRB Advisory Technical Committee, will give a keynote speech to conference participants.
18:00 - 19:30
Reception
Friday, 28 September 2018
08:30 - 08:40
Welcome address
Francesco Mazzaferro, Head of the ESRB Secretariat
Francesco Mazzaferro, Head of the ESRB Secretariat, will open the second day of the conference.
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08:45 - 10:15
Session 1: International perspectives on macroprudential policy
Global financial integration entails many benefits, but it can also contribute to a build-up of systemic risk within the financial system due to the pro-cyclical nature of capital flows. Addressing the vulnerabilities of financial globalisation leads to new policy challenges for macroprudential authorities. In this session, speakers will present their views on potential risks related to international financial integration and the policy options available to mitigate these risks.
Chair:
Claudia Buch, Vice President, Deutsche Bundesbank
Speakers:
Philippe Bacchetta, Professor, HEC Lausanne Presentation
Şebnem Kalemli-Özcan, Professor, University of Maryland Presentation
Jeffrey Franks, Director, International Monetary Fund
10:15 - 10:30
Coffee break
10:30 - 12:00
Session 2: Identifying and assessing risks in the shadow banking system
The EU shadow banking system has grown significantly in recent years. This reinforces the need to develop a framework to monitor risks in this part of the financial sector. Such a risk monitoring framework is a key part of a broader macroprudential strategy. This session will discuss potential financial stability risks and key elements which should be considered when monitoring risks and vulnerabilities in the shadow banking system.
Chair:
Richard Portes, Professor, London Business School
Speakers:
Rustom Irani , Professor, University of Illinois
Sujit Kapadia, Head of Division, European Central Bank Presentation
Catherine Lubochinsky, Professor, University Paris 2 Presentation
12:00 - 12:30
Keynote speech: Artificial Intelligence and big data in finance and financial stability analysis
Speaker:
John Schindler, Associate Director, Board of Governors of the Federal Reserve System
John Schindler, Associate Director in the Financial Stability Division of the Federal Reserve Board, will outline in his keynote speech the financial stability implications of artificial intelligence and big data.
12:30 - 13:30
Lunch
13:30 - 14:15
Winners of the ESRB Research Prize in memory of Ieke van den Burg
The ESRB awards an annual prize to recognise outstanding research conducted by young scholars on topics related to the ESRB’s mission. The annual prize was established in 2014 in memory of Ieke van den Burg, who was a member of the ESRB ASC (2011-14) and of the European Parliament (1999-2009). In this session, the winner of the 2018 prize will present his research and the prize will be formally awarded.
Chair:
Javier Suarez, Professor, CEMFI, Chair of the ESRB ASC
Speaker:
Kilian Huber, University of Chicago
14:15 - 14:30
Coffee break
14:35 - 16:00
Session 3: Macroprudential policy in recovering economies
Major central banks have used unprecedented monetary policy measures in the aftermath of the global financial crisis. With monetary policy transmission mechanisms normalising and economies recovering, some of the major central banks have started to increase interest rates and have also announced scaling back of non-standard monetary policy operations. One important aspect in the design of a macroprudential policy is how it interacts with monetary policy, the current low interest rate environment and investors’ risk aversion. Panellists will discuss how macroprudential policies can be used to contain potential related vulnerabilities and identify related challenges.
Chair:
Marco Pagano, Professor, University of Naples Federico II
Panellists:
Pierre-Richard Agénor, Professor, University of Manchester Presentation
Per Callesen, Governor of Danmarks Nationalbank Presentation
Ester Faia, Professor, Johann Wolfgang Goethe University Presentation
Daniel Gros, Director, Center for European Policy Studies, ASC Member Presentation
Peter Praet, Executive Board Member, European Central Bank
16:00
End of conference
This programme may be subject to change without notice.
Parts of the conference will be webcast live and some are recorded. These recordings will be made available on the ESRB website following the conference. Media and photographers will also be present at the conference.
General information
Conference venue
European Central Bank
Main building, Press Conference Room
Sonnemannstrasse 20
60314 Frankfurt am Main
Conference language
English
Organisers
Javier Suarez
Chair, ESRB Advisory Scientific Committee
Richard Portes
Vice-Chair, ESRB Advisory Scientific Committee
Tuomas Peltonen
Deputy Head, ESRB Secretariat
Antonio Sanchez
Principal Financial Stability Expert, ESRB Secretariat
Contacts
ESRB Secretariat
Eva Harangozo, Tel.: +49 69 1344 5389
Shirley Simmons-Nocca, Tel.: +49 69 1344 6983
Beatriz Viegas De Abreu, Tel.: +49 69 1344 1835
Conference email