A Financial Stability Framework for Europe: Managing Financial Soundness in an Integrating Market

Conference organized by the Center for Financial Studies and the International Monetary Fund
Frankfurt, Germany, September 26, 2008

The International Monetary Fund and the Center for Financial Studies (CFS) in Frankfurt are co-organizing a conference on the financial stability framework for Europe, to be held in Frankfurt am Main on September 26, 2008. The conference brings together leading academics, practitioners, and senior policy makers to discuss the European financial stability framework, taking into account the recent financial turmoil as well as ongoing policy developments. It provides a forum for open discussion on this timely and important topic, with the aim of fostering a better understanding of future developments in the European financial system and its role in the global financial markets. Further conference information is available at http://www.ifk-cfs.de/index.php?id=1360.

The conference is open to the public. Potential participants can register through the CFS webpage at http://www.ifk-cfs.de/index.php?id=1360.

PROGRAM

Friday, September 26, 2008
9:00 a.m. - 9:15 a.m. Welcome remarks
Jan Pieter Krahnen, Goethe University and Center for Financial Studies
Alessandro Leipold, International Monetary Fund
9:15 a.m. - 9:45 a.m. Introductory Comments
Charles Goodhart, London School of Economics
9:45 a.m. - 10:45 a.m. Session 1: Leveling the Prudential Playing Field: What Is the Role of Regulation and Supervision in Fostering Financial Integration?
Chair: Eddy Wymeersch, Committee of European Securities Regulators and the Belgian Banking, Finance and Insurance Commission
Johnny Åkerholm, Nordic Investment Bank and Inter-Institutional Monitoring Group
Alessandro Profumo, UniCredit Group and European Financial Services Round Table
10:45 a.m. - 11:15 a.m. Coffee break
11:15 a.m. - 12:15 p.m. Session 2: Coordinating Crisis Prevention: How Should Cross-Border Risks Be Monitored and Managed within the Single Financial Market?
 
Chair: Thomas Steffen, Committee of European Insurance and Occupational Pensions Supervisors and BaFin
David Mayes, University of Auckland and Bank of Finland
Arnoud Vossen, Committee of European Banking Supervisors
12:15 p.m. - 1:30 p.m. Lunch
1:30 p.m. - 2:30 p.m. Session 3: Managing Cross-Border Failures: What if Northern Rock Were a Cross-Border Bank?
Chair: Josef Tošovský, Bank for International Settlements
Franklin Allen, University of Pennsylvania
Dirk Schoenmaker, Dutch Economics Ministry and VU University Amsterdam
2:30 p.m. - 3:00 p.m. Coffee break
3:00 p.m. - 5:00 p.m. Panel Discussion: How to Strengthen Europe's Financial Stability Framework?
Chair: Jaime Caruana, International Monetary Fund
Pervenche Berès, European Parliament
André Bergen, KBC Group
Lorenzo Bini Smaghi, European Central Bank
Stefan Ingves, Sveriges Riksbank
Danielle Nouy, Commission Bancaire