32nd SUERF Colloquium and Deutsche Bundesbank/Foundation Geld und Währung Conference

The SSM at 1

Conference report

3-4 February 2016
Regional Office of the Deutsche Bundesbank in Hesse
Taunusanlage 5
60329 Frankfurt am Main, Germany

As from 4 November 2014, the ECB was mandated the role to supervise centrally the financial stability of systemically relevant financial institutions based in participating countries. The Single Supervisory Mechanism (SSM) is the first established part of the EU Banking Union (EBU) and will function in conjunction to the Single Resolution Mechanism (SRM). At the Colloquium experience with the SSM in the first year of its existence will be summarized. It will be evaluated to which extent the SSM is already fulfilling the declared objectives. Areas of necessary improvements will be identified. Effects on banks, credit and the macroeconomy will be discussed. The Colloquium will bring together policy makers and supervisors, academics and financial industry practitioners to exchange their views.

Wednesday, 3 February 2016
13:00	Registration and Coffee
13:30	Opening and welcome
	Erich Loeper, Deutsche Bundesbank Urs Birchler, SUERF President and University of Zurich

14:00	Keynote Speech I
	Monetary policy in the clutches of financial stability? Luc Laeven, ECB Luc Laeven_2016 Frankfurt

14:45	Coffee and Poster Session
	Poster Viewing with presenting Authors
	Poster Presentations Zero Risk Contagion: Banks' Sovereign Exposure and Sovereign Risk Spillovers, by Sascha Steffen Is the Comprehensive Assessment really comprehensive, by Roberto Baviera Multinational Banks and Supranational Supervision, by Jean-Edouard Colliard Believe me, it will be enough, Governmental guarantees and banks’ risk taking in the fair value portfolio, by Jan Riepe and Maximillian Muhn Rules and Discretion(s) in Prudential Regulation and Supervision: Evidence from EU Banks in the Run-Up to the Crisis, by Alessandro D. Scopelliti Banks vs SSM: The party has just started..., by Anna Damaskou Can Financial Cycle Dynamics Predict Bank Distress?, by Hanno Stremmel Business models and their impact on bank performance: A long-term perspective, by Frederik Mergaerts

16:00	Panel: Interaction of micro-/macroprudential policies and monetary policy
	Chair: Jens Ulbrich, Deutsche Bundesbank and SUERF Claudio Borio, Bank for International Settlements Claudio Borio_2016 Frankfurt Sergio Nicoletti-Altimari, ECB Nicoletti-Altimari_2016 Frankfurt

17:30	Keynote Speech II
	Chair: Natacha Valla, CEPII Paris, EIB and SUERF Should banking supervision and monetary policy be separated? Isabel Schnabel, University of Bonn and German Council of Economic Experts

18:20	Presentation of the Marjolin Prize 2016

18:30	End of first day’s proceedings
19:30	Dinner
	Dinner Speaker Andreas Dombret, Deutsche Bundesbank Andreas Dombret_2016 Frankfurt

Thursday, 4 February 2016
09:00	2016 Marjolin Lecture
	Chair: Urs Birchler, SUERF President and University of Zurich Mario Draghi, President of the European Central Bank President Mario Draghi, 2016 SUERF Marjolin Lecture

10:00	Coffee
10:30	Panel I: The SSM after the Comprehensive Assessment. Has the CA served its purpose? Have legacy assets been dealt with effectively?
	Moderator: Daniel Schäfer, Handelsblatt Martin Blessing, Commerzbank Klaas Knot, De Nederlandsche Bank Felix Hufeld, BaFin

12:00	Interview: Completing the Banking Union/Capital Markets Union - where do we stand?
	Moderator: Mark Schieritz, Die ZEIT Claudia Buch, Deutsche Bundesbank

12:30	Lunch
	12:30-12:45 SUERF General Assembly (SUERF Members only)

13:45	Keynote Speech
	Chair: Carl-Christoph Hedrich, Commerzbank and SUERF Macroprudential policies to contain systemic risks Ignazio Angeloni, Supervisory Board

14:30	Panel II: Banks’ business models: trends towards specialisation or outsourcing to the shadow banking system? Do we need a “shadow banking union”?
	Moderator: Mark Schieritz, Die ZEIT Svein Andresen, Financial Stability Board Svein Andresen_2016 Frankfurt Ludger Schuknecht, Bundesministerium der Finanzen Ludger Schuknecht_2016 Frankfurt Enrico Perotti, University of Amsterdam Enrico Perotti_2016 Frankfurt Christian Thimann, Axa Christian Thimann_2016 Frankfurt

16:00	End of Colloquium

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The SSM at 1

Conference report