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SRB-FBF-SAFE academic event: Bank crisis management – what next?

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The Single Resolution Board, the Florence School of Banking and Finance (European University Institute), and the Leibniz Institute for Financial Research SAFE are organising an interdisciplinary academic event, entitled ‘Bank crisis management – what next?’. The event will take place in the afternoons of 17 & 18 November 2021 in a virtual format.

With the Global Financial Crisis now more than a decade behind us, and against the backdrop of a seemingly strongly recovering economy, this academic event aims to identify, and evaluate the successes and challenges of the post-crisis EU bank crisis management framework.

Topics 

We welcome original theoretical and empirical contributions, from different disciplines, on topics including, but not limited to:

  • Review of the EU bank crisis management and deposit insurance framework: tension between handling bank failures and protecting depositors;
  • Completing the Banking Union: the European Deposit Insurance Scheme;
  • Shielding EU public money from the effects of bank failures under EU State Aid rules;
  • Interaction between liquidity, capital and bail-inable debt requirements;
  • Cross-border resolution and challenges for home/host authorities;
  • Liquidity and funding in resolution: progress and challenges ahead;
  • Did post-financial-crisis reforms make the EU banking sector more resilient?;
  • Moments of widespread bank fragility: contagion, systemic risk, and resolution;
  • The role of international standard-setting in resolution and crisis management rules;
  • The impact of Covid-19 on European banks and on the EU bank crisis management framework;
  • Does the exit strategy post-Covid-19 pose a challenge to the banking sector?; and
  • Safe assets & Covid-19 recovery.

While some of the topics are Europe-specific, we also encourage papers that assess non-European experience.

Submissions & application procedure 

  • Papers should be submitted in PDF format to the SAFE portal link.
  • Each contribution should address one of the above topics and should include an Extended Abstract of maximum one-page.
  • The deadline for submission is 1 September 2021.
  • Authors of papers accepted by the Scientific Committee will be notified by 15 October 2021

Programme for day 1

 

Day 1 - 17 November 2021: Chaired by Thorsten Beck (Director, FBF)

14.00 – 14.05 Welcome and Introduction by Elke König (Chair of the SRB)
14.05 – 15.25

Session 1: Financial stability risks within the banking sector

14.05 – 14.45

'The importance of deposit insurance credibility' Diana Bonfim (Banco de Portugal and Católica Lisbon School of Business & Economics) -

Discussant: Erietta Excharchopoulou (SRB)

14.45 – 15.25

'The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments' Christian Mücke (SAFE)

Discussant: Maria Ana Barata (FBF, EUI)

15.25 – 15.30 break
15.30 – 16.50 Session 2: Challenges of bank resolution strategies and funding
15.30 – 16.10

When trust is not enough: Bank resolution, SPE, Ring-fencing and group support' Mathias Dewatripont (ECARES, SBS-EM, Université libre de Bruxelles)

Discussant: Francisco Millan Rajoy (SRB)

16.10 – 16.50

Bank Funding and Regulatory Changes: Evidence from Euro Area Security Registers' Alessandro Scopelliti (KU Leuven, ECB and U. Zurich)

Discussant: Matthias Efing (HEC Paris)

16.50 – 17.00 Concluding Remarks by Loriana Pelizzon (SAFE)

 

Programme for day 2

 

Day 2 - 18 November 2021: Chaired by Tatiana Farina (SAFE)

14.00 – 14.05 Welcome and Introduction by Jan Reinder De Carpentier (Vice-Chair of the SRB)
14.05 – 15.25

Session 3: Banking sectors on the road to the COVID-19 recovery

14.05 – 14.45

'Why did bank stocks crash during COVID-19?' Sascha Steffen (Frankfurt School)

Discussant: João Granja (University Chicago Booth School of Business)

14.45 – 15.25

'Financial Policymaking after Crises: Public vs. Private Interests' Orkun Saka (City, University of London & LSE)

Discussant: Thomas Lambert (Erasmus University Rotterdam)

15.25 – 15.30 break
15.30 – 16.10 Session 4: More incentives to less productive and more indebted firms?
15.30 – 16.10

'Evergreening' Miguel Faria-e-Castro ((Federal Reserve Bank of St. Louis) - Discussant: Eva Schliephake (Católica Lisbon School of Business & Economics)

16.10 – 16.50

Keynote Speech by Manju Puri (Duke University), chaired by Emiliano Tornese (EC-DG FISMA, FBF, EUI)

16.50 – 17.00 Concluding Remarks by Jan Pieter Krahnen (SAFE)