How to deal with the sovereign and banking risk loop is at the center of the policy and regulatory debate. There is a widespread awareness that excessive exposures of banks towards sovereigns and vice-versa may be a source of systemic risk, under-rated by the current regulation.
At the same time it is not clear how far limiting these exposures may in fact enhance or rather jeopardise global stability, especially given the still very slow pace of the recovery. There is also a widespread debate on the best policy measures to tackle this issue.
This event, organised to coincide with the launch of the IV issue of European Economy: Banks Regulation and the Real Sector will discuss the key ingredients of this debate and the main policy options.
16:00 – 16:10: Opening:
- Giorgio Barba Navaretti, Professor of Economics, University of Milan, and Chief Editor of European Economy-Bank Regulation and the Real Sector
- Guntram B. Wolff, Director of Bruegel
16:10 – 17:10: Panel discussion:
- Andrea Enria, Chairperson of the European Banking Authority
- Alberto Franco Pozzolo, Professor of Economics, University of Molise, and Editor of European Economy-Bank Regulation and the Real Sector
- Mario Nava, Director, Financial system surveillance and crisis management, European Commission, DG FISMA
- Erik F. Nielsen, Group Chief Economist, Unicredit
- André Sapir, Senior Fellow at Bruegel
- Alexander Schulz, Head of Risk Analysis Division, Banking and Financial Supervision Department, Bundesbank
17:10 – 17:50: Audience discussion