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Venue

webex

Format

online

Date

Wednesday, May 17, 2023
Wednesday, May 17, 2023

In cooperation with

The recent banking turmoil in the US and in CH has raised doubts on the functionality of the current framework of market exits for systemically important banks. On the one hand, the authorities managed recent market exits quickly with minimal repercussions on financial stability or the real economy. On the other hand, public funds were necessary to resolve the crises: central banks provided liquidity assistance loans beyond emergency liquidity assistance and the public provided, inter alia, default guarantees for these loans; deposit insurance was extended beyond the statutory limits.

In this panel discussion we aim to distill the lessons learnt for the framework of market exits of systemically important banks:

Program

Time
Wednesday, 17 May 2023
14:00
Opening and welcome
Ernest Gnan, Secretary General, SUERF
14:05
Panel Discussion and Q&A with the audience
Moderation: Markus Schwaiger, Director, Department for Financial Stability, OeNB
Marie Donnay, Head of Unit – Fisma D3 Resolution and Deposit Insurance, European Commission presentation
Giles Edward, Sector Lead, European Financial Institutions, S&P Global Ratings presentation
Rosa M Lastra, Sir John Lubbock Chair in Banking Law, Queen Mary University of London
Saule T. Omarova, Director, Jack Clarke Program on the Law and Regulation of Financial Institutions and Markets, Cornell University
Stefan W. Schmitz, Head of Macroprudential Supervision, OeNB
15:30
End