1 Date: 8 November 2013, 9 17: 30 h, Venue: Humboldt-Universität zu Berlin Conference-Language: English and German, Free for participants on confirmed registration J O I N T C O N F E R E N C E A T H U M B O L D T - U N I V E R S I T Y B E R L I N The Single Resolution Mechanism and the Limits of Bank-Regulation Keynotes Jörg Asmussen, Executive Board, European Central Bank Dr. Elke König, President, Federal Financial Supervisory Authority Speakers & Discussants Delphine d Amarzit, French Treasury Ralph Brinkhaus, CDU Parliamentary Group Prof. Jean-Pierre Danthine, Swiss National Bank Dr. Andreas Dombret, Deutsche Bundesbank Prof. Clemens Fuest, Centre for European Economic Research Dr. Levin Holle, Federal Ministry of Finance Dr. Korbinian Ibel, Commerzbank AG Ingo Mandt, Landesbank Baden-Württemberg Dr. Mario Nava, DG Internal Market, European Commission Carsten Schneider, SPD Parliamentary Group David Vegara, European Stability Mechanism Nicolas Veron, Bruegel Dr. Pierre Wunsch, National Bank of Belgium and other Experts...
2 Opinions Discussions Perspectives Viewpoints T h e S i n g l e R e s o l u t i o n M e c h a n i s m P r o g r a m 8:15 Registration 9:00 Welcome & Opening Martin Aehling, Financial Risk and Stability Network 9:10 Welcome Address Marie-Thérèse Duffy-Häusler, Acting Head of the Representation of the European Commission in Germany 9:20 Opening Remarks Banking Union: Balancing European Integration and National Responsibility Prof. Dr. Dr. Dr. h.c. LL.M. Christian Kirchner, Humboldt University of Berlin With kind support from: Deutsche bank ernst & young representation of the european Commission Stiftung geld und währung Oliver wyman 9:30 10:15 11:30 12:15 Keynote I Single Resolution Mechanism: Is there any Alternative? Dr. Elke König, President, Federal Financial Supervisory Authority Panel I In Search for Relief: A new Framework for Recovery and Resolution How should the Single Resolution Mechanism evolve? How centralized should Bank Resolution be organized? Who should bear the Burden of Bank Resolution? Delphine d Amarzit, French Treasury, Ministry for the Economy and Finance Dr. Levin Holle, Federal Ministry of Finance Dr. Korbinian Ibel, Commerzbank AG Dr. Mario Nava, DG Internal Market, European Commission Moderation: Dr. Guntram Wolff, Bruegel Coffee break Talk of Experts Banks in Distress: What to do? The Role of the Single Resolution Mechanism Recapitalisation Governance and Recovery Plans Bail-in and Restructuring Thierry Philipponnat, Finance Watch Prof. Dr. Isabel Schnabel, University Mainz Dr. Bernhard Speyer, Deutsche Bank Research David Vegara, European Stability Mechanism Dr. Pierre Wunsch, National Bank of Belgium Moderation: Prof. Dr. Kern Alexander, University of Zurich Lunch
3 Meinungen Diskussion Perspektiven Standpunkte T h e L i m i t s o f R e g u l a t i o n P r o g r a m 13:30 Presentation Reforming the EU Banking System: a Progress Report Assessing the new Regulatory Framework The Case for Structural Reforms: Focus versus Diversification The new EU Financial Order Marco Mazzucchelli, Bank Julius Baer; Liikanen High-Level Expert Group 14:15 Discussion Limits of Bank-Regulation and the Political Nexus Banks, Sovereign Debt and Consequences The Context of Supervision and Resolution Banking Consolidation in the European Union Ralph Brinkhaus, CDU-Member of Deutscher Bundestag Prof. Dr. Henrik Enderlein, Hertie School of Governance Dominik Treeck, Oliver Wyman Nicolas Veron, Bruegel Moderation: Sven Böll, Der Spiegel Coffee break 15:30 Keynote II Banking Union: A View from the European Central Bank Jörg Asmussen, Executive Board, European Central Bank 16:15 Panel II Crisis Prevention and todays Regulatory Settings Eurozone Crisis: Can the Banking Union help? Regulatory Reforms: But what? Eurozone and the Rest of the World: Circle the Wagons Prof. Dr. Clemens Fuest, Centre for European Economic Research Prof. Dr. Jean-Pierre Danthine, Swiss National Bank Dr. Andreas Dombret, Deutsche Bundesbank Ingo Mandt, Landesbank Baden-Württemberg Carsten Schneider, SPD-Member of Deutscher Bundestag Moderation: Prof. Dr. Reint Gropp, Goethe University Frankfurt 17:15 Closing Remarks & Farewell Martin Aehling, Financial Risk and Stability Network 17:30 Get together - Wine Bar
4 S p e a k e r s a n d P a n e l P a r t i c i p a n t s Keynote Speakers Jörg Asmussen has been a Member of the Executive Board of the European Central Bank since January He is responsible i.a. for the Directorate General International and European Relations and represents the ECB in European and international fora, e.g. the Euro Working Group and the G20 Deputies. Dr. Elke König is President of the Federal Financial Supervisory Authority since January Prior, she held management positions at KPMG, Munich Re and Hannover Re. Panel Participants & Speakers Delphine d Amarzit is Assistant Secretary for financial services in the French Treasury since March She was previously G20 Finance sous-sherpa, and before, from 2007 to 2009, advisor to the Prime Minister for economic and financial affairs. Ralph Brinkhaus is Member of the Deutsche Bundestag for the CDU parliamentary group. He is member of the finance committee, rapporteur for financial and capital market regulation issues and substitute member of the budget committee. Prof. Dr. Jean-Pierre Danthine is Vice Chairman of the Governing Board of the Swiss National Bank. He held positions in numerous scientific institutions, taught at several universities and was Managing Director of the Swiss Finance Institute. Dr. Andreas Dombret is Member of the Executive Board of the Deutsche Bundesbank, responsible for the Departments Financial Stability, Statistics and Risk Controlling. He sits in the Board of Directors of the Bank for International Settlements. Prof. Dr. Henrik Enderlein teaches Political Economy and Economics at the Hertie School of Governance. Prior he hold a Junior Professorship in Economics at the Free University Berlin. Prof. Dr. Clemens Fuest is President of the Centre for European Economic Research. He has been political advisor in different expert boards, holds various positions in scientific institutions and sits on the editorial boards of various scientific journals. Dr. Levin Holle has been Head of the Financial Markets Policy Department at the German Federal Ministry of Finance since January Before, he was Senior Partner at the Boston Consulting Group and Managing Director of the Berlin office. Dr. Korbinian Ibel is Divisional Board Member Risk Controlling and Capital Management at Commerzbank AG. Since 2008 he held positions as COO and in the teasury of the bank. Before, Korbinian Ibel was Principal at Boston Consulting Group. Prof. Dr. Dr. Dr. LL.M. Christian Kirchner holds the Chair for german, european and international Private and Business Law and New Institutional Economics, Faculty of Law, at Humboldt University Berlin. He also taught at several universities abroad. Ingo Mandt is Member of the Board of Managing Directors, Chief Risk Officer and Chief Financial Officer at Landesbank Baden-Württemberg. Before joining LBBW, he hold various management positions at ING Group and BHF-Bank AG. Marco G. Mazzucchelli is Managing Director at Bank Julius Baer and Member of the Liikanen High-Level Expert Group. Prior, he held Senior Executive positions at Morgan Stanley, Credit Suisse and The Royal Bank of Scotland. Dr. Mario Nava is Acting Director Financial Institutions and the Head of Unit Banks and Financial Conglomerates at DG Internal Market of the European Commission. He was advisor to Romano Prodi and Member of Mario Monti`s cabinet. Thierry Philipponnat is Secretary General of Finance Watch and responsible for the strategy, advocacy, output and staff. Prior, he joined Amnesty International after having worked in finance and banking for 20 years. Prof. Dr. Isabel Schnabel is Deputy Dean of the Graduate School of Economics, Finance, and Management at University Mainz and there holds the Chair of Financial Economics. She is Research Affiliate at the CEPR and the Max Planck Institute. Carsten Schneider is Member of the Deutsche Bundestag for the SPD parliamentary group. He is member of the budget committee and substitute member of the finance committee. Dr. Bernhard Speyer is Co-Head of DB Research. Before joining Deutsche Bank in 1998, he was a lecturer at the Free University Berlin with focus on International Monetary and Trade Policy. Dominik Treeck is a Partner in Oliver Wyman s Public Policy Practice. He advises senior decision-makers of the the private and public sector on strategy, governance and organisation. David Vegara is Deputy Managing Director, responsible for banking, at the European Stability Mechanism. Before, he worked at the IMF as a Deputy Director and prior as State Secretary at the Spanish Ministry of Economy and Finance. Nicolas Veron is Senior Fellow at Bruegel and Visiting Fellow at the Peterson Institute for International Economics. He was cofounder of Bruegel, and he testified repeatedly in front of committees of the European Parliament and the US Congress. Dr. Pierre Wunsch is Member of the Board of Directors of the National Bank of Belgium and a Member of the High Council of Finance. Prior, he was Representative of the Finance Minister. Wunsch teaches part-time at Catholique University of Louvain. Moderation Prof. Dr. Kern Alexander holds the Chair for Law and Finance at the University of Zurich. He is also Senior Research Fellow at the Centre for Financial Analysis and Policy at the University of Cambridge and advisor to various EU Parliament Committees. Sven Böll is business editor at the Berlin office of the magazine Der Spiegel. Before, he was Department Head economics of Spiegel Online and editor of the Manager Magazin. Prof. Dr. Reint Gropp holds the Dekabank Endowed Chair of Sustainable Banking and Finance at Goethe University Frankfurt. He has been affiliated to several institutions such as the Federal Reserve Bank and the European Central Bank. Dr. Guntram B. Wolff is Director of Bruegel. He has joined the think tank from the European Commission, where he worked on macroeconomics of the euro area and governance reforms. Besides Bruegel, he teaches at Free Univeristy of Brussels.
5 P A R T N E R S a n d F e a t u r e d S P O N S O R S Conference Partner Bruegel Representation of the European Commission in Germany Financial Risk and Stability Network Institute for Bank and Capital Market Law, Humboldt University of Berlin Centre for European Economic Research ZEW Motivation A key element of the EU Banking Union is on the political agenda: The Single Resolution Mechanism. The new authority will touch complicated and sensible legal, regulatory and political dimensions. It raises severe questions on legitimacy, institutional setting, funding and political influence. Missing democratic legitimation in past financial crisis decisions, we need a public debate on essential regulatory initiatives. Change in mind, governance and adequate financial regulation can only come from having this ongoing debate. Bringing together academics, regulators, politicians and industry experts, we will stimulate the discussion on the design of the Resolution Authority, the impact of regulatory policy and the responsability of financial institutions. For this, the conference will give an inspiring opportunity. Supporting Partner Premium Sponsor Ernst & Young Conference Sponsors Please note: Participation is free of charge. Admission only after confirmed registration. Die Veranstaltung ist kostenfrei. Eine Teilnahme ist nur nach bestätigter Anmeldung möglich. Die Raumkapazität ist begrenzt. Die Veranstalter behalten sich vor, Anmeldungen ggfls. nicht anzunehmen. Registration only via or fax by form.
6 Joint Conference, 8 November 2013, Humboldt University Berlin T h e S i n g l e R e s o l u t i o n M e c h a n i s m a n d t h e L i m i t s o f B a n k - R e g u l a t i o n Conference Partner: Bruegel Representation of the European Commission Financial Risk and Stability Network Humboldt University of Berlin Centre for European Economic Research Date and Location: 8 Nov. 2013, Empfang /Registration 8:15 h Fritz-Reuter-Saal, Humboldt University Dorotheenstraße 24 Entrance via Hegelplatz, Haus 2 D Berlin-Mitte How to get there: Fritz-Reuter-Saal at Humboldt University is near S-Bahn Station Friedrichstraße and Underground U6 Station Friedrichstraße; 3 minutes footwalk via Georgenstraße, Hegelplatz is on the right side. Coordination & Organisation: Financial Risk and Stability Network Willmanndamm 17 D Berlin Ansprechpartner / Contact: Martin Aehling +49 (0) Anmeldung / Registration: via or by fax: Registration deadline: 24 October Attendance is free of charge. Admission only after confirmed registration. Die Veranstaltung ist kostenfrei. Eine Teilnahme ist nur nach bestätigter Anmeldung möglich. Die Kapazität des Veranstaltungssaals ist begrenzt. Melden Sie sich am besten frühzeitig an: For a confirmation we need your personal details. We will inform you in due time. Please note: There is no translation service. Additional Information: I The program may be subject of changes. Any liability or responsability of the organiser is excluded. II During speeches and discussions the doors will be closed for entry. III The evening dinner is not included and should be paid self. More information at the conference. Zimmerreservierung /Accomodation: At nearby Hotel Eurostar a room contingent is available 7-9 Nov.: referring to: Single Resolution Mechanism Führung /Guided Tour: On Saturday, 9 Nov. at 11 h, we offer a guided tour through historic Berlin-Mitte. Participation is free of charge. Information and reservation at the conference.
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