EBA欧洲银行-4th-Annual-EBA-Policy-Research-Workshop-agenda_4页_222kb

4th EBA Policy Research Workshop Summary

Event Overview

• Date: 18–19 November 2015
• Location: EBA, Picasso room, Floor 46, One Canada Square, Canary Wharf, London, E14 5AA, UK
• Theme: "Financial regulation and the real economy: a micro-prudential perspective"
• Organizer: European Banking Authority (EBA)
• Purpose: To explore the relationship between financial regulation and the real economy, with a focus on micro-prudential aspects such as credit availability, bank stability, and the impact of regulatory frameworks on business models and credit risk.

Day 1 – 18 November 2015

1. Registration & Welcome

• Time: 09:30–20:30
• Key Activities:
  • Registration: 09:30–10:00
  • Welcome Speech: EBA Chairperson, Andrea Enria, 10:00–10:15
  • Key Note Speech: Xavier Vives (IESE Business School), 10:15–11:15
    • Topic: Competition, regulation and stability in banking

2. Session 1: Credit and Real Economy (1)

• Time: 11:30–13:15
• Presenters:
  • R. Ayadi (HEC Montreal, IRCCF)
  • W. De Groen (CEPS)
  • P. Thyri (Vienna University)
• Topic: State aid to banks and credit for SMEs: Is there a need for conditionality?
  • Discussed the role of government support in banking and its implications for SME lending.
  • Discussion Panel: Marina Cernov (EBA), Walter Vecchiato (EBA), O. De Jonghe (Tilburg University), H. Dewachter (National Bank of Belgium), K. Mulier (Ghent University), S. Ongen (University of Zurich), G. Schepens (National Bank of Belgium)
• Additional Topics:
  • Cyclicality of SME Lending and Government Involvement in Banks
  • Some borrowers are more equal than others: Bank funding shocks and credit reallocation

3. Buffet Lunch

• Time: 13:15–14:15

4. Key Note Speech

• Time: 14:15–15:15
• Presenter: Mathias Dewatripont (National Bank of Belgium)
• Topic: The Banking Crisis and Its Responses

5. Coffee Break

• Time: 15:15–15:30

6. Session 2: Business Models

• Time: 15:30–17:15
• Presenters:
  • O. de Bandt (Banque de France, ACPR)
  • M. Chahad (Banque de France, University of Paris)
  • F. Mergaerts (Ghent University)
  • R. Vander Vennet (Ghent University)
  • F. Vinas (University of Paris, Banque de France, ACPR)
  • Raffaele Passaro (EBA)
• Topics:
  • A DSGE model to assess the post crisis regulation of universal banks
  • Business models and bank performance: A long-term perspective
  • Universal banks vs. Retail banks during the Great Recession

7. Drinks and Buffet

• Time: 17:30–20:30

Day 2 – 19 November 2015

8. Session 3: Credit and Real Economy (2)

• Time: 09:15–11:00
• Presenters:
  • R. Kelly (Central Bank of Ireland)
  • F. McCann (Central Bank of Ireland)
  • C. O'Toole (Central Bank of Ireland)
• Topic: Credit conditions, macroprudential policy and house prices
  • Discussion Panel: Valerie de Bruyckere (EBA), A. Silva (Cass Business School, City University London)
• Additional Topics:
  • Strategic complementarity in banks' funding liquidity choices and financial stability
  • Cheap Credit, Expensive Houses?

9. Coffee Break

• Time: 11:00–11:15

10. Session 4: Non-performing Loans and Credit Losses

• Time: 11:15–13:00
• Presenters:
  • T. Kick (Deutsche Bundesbank)
  • T. Pausch (Deutsche Bundesbank)
  • B. Ruprecht (Deutsche Bundesbank)
  • P. Jakubik (EIOPA)
  • T. Reininger (OeNB)
  • C. Domikowsky (University of Münster)
  • D. Foos (Deutsche Bundesbank)
  • M. Pramor (Deutsche Bundesbank)
• Topics:
  • The Winner's Curse: Evidence on the Danger of Aggressive Credit Growth in Banking
  • What are the Key Determinants of Nonperforming Loans in CESEE?
  • Loan Loss Accounting Rules and Bank Lending over the Cycle: Evidence from a Global Sample

11. Buffet Lunch

• Time: 13:00–14:00

12. Session 5: Impact of Financial Regulation

• Time: 14:00–15:45
• Presenters:
  • M. Bucher (Deutsche Bundesbank)
  • D. Dietrich (Newcastle University)
  • A. Hauck (University of Portsmouth)
  • M. Grill (ECB)
  • J. Lang (ECB)
  • J. Smith (ECB, University of Cambridge)
  • A. D Scopelliti (University of Warwick, University of Reggio Calabria)
• Topics:
  • Implications of Bank Regulation for Credit Intermediation and Bank Stability: A Dynamic Perspective
  • The Leverage Ratio, Risk-Taking and Bank Stability
  • Securitisation, Bank Capital and Financial Regulation: Evidence from European Banks

13. Closing Remarks

• Time: 15:45–16:00
• Presenter: EBA Executive Director, Adam Farkas
• Summary: Concluded the workshop by reflecting on the key discussions and their implications for future regulatory frameworks and bank stability.

Core Content and Key Insights

• Focus Areas:

  • The interaction between financial regulation and the real economy, particularly in relation to credit availability and stability.
  • The role of state aid in supporting SME credit and its regulatory implications.
  • The impact of macroprudential policies on credit conditions and house prices.
  • The importance of loan loss accounting rules and their effect on bank lending behavior.
  • The differences in business models between universal and retail banks, and their performance over time.

• Key Themes:

  • Micro-prudential regulation: Emphasis on individual bank stability and risk management.
  • Credit allocation: How regulatory frameworks influence the distribution of credit, especially to SMEs.
  • Cyclical behavior: The relationship between lending cycles and economic conditions.
  • Non-performing loans: Analysis of factors contributing to NPLs and their regulatory implications.
  • Leverage ratio and securitisation: Their role in shaping bank behavior and financial stability.

• Discussion Panels:

  • Included contributions from leading academics, central banks, and regulatory authorities.
  • Highlighted the need for conditionality in state aid to banks.
  • Examined the long-term implications of regulatory changes on bank performance and financial stability.

• Chairpersons:

  • Andrea Resti (Bocconi University)
  • David T Llewellyn (Loughborough University)
  • Lars Jul Overby (EBA)
  • Mario Quagliariello (EBA)

Conclusion

The workshop provided a comprehensive overview of the micro-prudential aspects of financial regulation, with a particular emphasis on its impact on credit markets, bank stability, and the real economy. It featured expert presentations and discussions on various regulatory tools and their effectiveness in promoting financial resilience and supporting economic growth. The insights from the event underscored the importance of balancing regulatory oversight with the need for credit accessibility, especially for small and medium-sized enterprises.