OeNB | SUERF | Joint Vienna Institute | Yale Program on Financial Stability Conference

Building Resilience and Managing Financial Crises

Servicenavigation

This conference, jointly organized by the OeNB, SUERF, JVI, and the Yale Program on Financial Stability, takes stock of key risks to financial stability and focuses on increasing the resilience of the financial system as well as on successful and less successful financial crisis intervention strategies. Topics include (i) how to bolster financial sector resilience and address vulnerabilities, (ii) how to contain financial stress and bank runs in a world of digital banking and social media, (iii) how to manage trade-offs involved in crisis interventions and (iv) how to best address a crisis-related surge in distressed assets. The conference brings together speakers with extensive experience in policy making, crisis management or policy-oriented research in the respective areas.

Agenda

Zeit Beschreibung
08:30 AM
Registration
09:00 AM
Welcome remarks

Robert Holzmann
Governor | Oesterreichische Nationalbank 

09:15 AM
Interview Session

Strengthening resilience and addressing vulnerabilities

This session looks at current risks to financial stability in Europe, also from a global perspective. After ten years of a new micro- and macroprudential supervisory landscape in Europe, it critically reviews whether risks are adequately captured by regulatory and supervisory measures and whether employed instruments are commensurate.


Moderation:

Gottfried Haber
Deputy Governor | Oesterreichische Nationalbank

Pablo Hernández de Cos
Former Governor | Banco de España
Chair | Basel Committee on Banking Supervision


Alessandra Perrazzelli
Deputy Governor
Banca d’Italia


Boris Vujčić
Governor | Hrvatska Narodna Banka
Chair | Vienna Initiative

10:30 AM
Coffee break
11:00 AM
Crisis containment: Containing financial stress and digital bank runs

This session discusses the implications of flighty bank deposits in the digital age for containing confidence shocks and bank runs. Which lessons can be drawn from experiences in recent financial stress episodes? Is there a case for tightening bank liquidity regulation or collateral requirements? What are the trade-offs involved in policy measures that are aimed at reducing deposit flight risk, such as extending deposit guarantee coverage?

Moderation:

Markus Schwaiger
Director | Oesterreichische Nationalbank


Cornelia Holthausen

Director General Macroprudential Policy and Financial Stability | European Central Bank


Andrew Metrick
Janet L. Yellen Professor of Finance and Management | Yale School of Management
Director of the Yale Program on Financial Stability | Yale University


Fernando Restoy
Chair of the Financial Stability Institute | Bank for International Settlements


Oliver Wünsch
Partner, Head of the Swiss Financial Institutions Group
Global Co-Head Sovereign & Banking | Oliver Wyman

12:30 PM
Lunch break
01:30 PM
Keynote address: Navigating through financial turbulences with preparedness, competence and confidence

Tobias Adrian
Financial Counsellor and Director | International Monetary Fund

 

Introduction:

Hervé Joly
Director | Joint Vienna Institute

02:15 PM
A balance sheet perspective to crisis intervention: Capital injections and guarantees

This session will focus on the balance sheet approach to crisis intervention. What effect do various crisis management tools have on a bank’s balance sheet? More specifically, the session will critically assess the use of capital injections and guarantees during financial crisis episodes.

 

Moderation:

Stijn Claessens
Member of the Advisory Board | Yale Program on Financial Stability


Andreas Dombret
Former Board Member | Deutsche Bundesbank
Global Senior Advisor | Oliver Wyman


June Rhee
Director Master of Management Studies Systemic Risk  | Yale Program on Financial Stability


Natasha Sarin
Associate Professor of Law | Yale University


Jeremy Stein
Moise Y. Safra Professor of Economics | Harvard University

03:30 PM
Coffee break
04:00 PM
Addressing a crisis-related surge in distressed assets

This session draws key lessons from past crisis-related non-performing loan (NPL) reductions which policymakers should be aware of to swiftly and effectively address a rise in under- and non-performing loans in future crisis episodes. The panel will, among others, critically assess the use of deferral strategies, public guarantee schemes and centralized solutions in resolving a crisis-related surge in distressed assets.


Moderation:

Maximilian Fandl
Senior Economist | Joint Vienna Institute


Alexandra Habeler-Drabek
Chief Risk Officer | Erste Group Bank


Miha Leber

Advisor | ECB Banking Supervision


Miguel A. Otero
Senior Financial Sector Expert | International Monetary Fund


Ioannis Tsikripis
Director General for Prudential Supervision and Resolution | Bank of Greece

05:15 PM
Closing remarks

Ernest Gnan
Secretary General | SUERF

05:30 PM
End of conference

Speakers

Speaker  

Tobias Adrian

International Monetary Fund
Speaker  

Stijn Claessens

Yale Program on Financial Stability
Speaker  

Andreas Dombret

Oliver Wyman
Speaker  

Maximilian Fandl

Joint Vienna Institute
Speaker  

Ernest Gnan

SUERF
Speaker  

Alexandra Habeler-Drabek

Erste Group Bank AG
Speaker  

Gottfried Haber

Oesterreichische Nationalbank
Speaker  

Pablo Hernández de Cos

Banco de España
Speaker  

Cornelia Holthausen

European Central Bank
Speaker  

Robert Holzmann

Oesterreichische Nationalbank
Speaker  

Miha Leber

ECB Banking Supervision
Speaker  

Andrew Metrick

Yale School of Management, Yale University
Speaker  

Miguel A. Otero

International Monetary Fund
Speaker  

Alessandra Perrazzelli

Banca d'Italia
Speaker  

Fernando Restoy

Bank for International Settlements
Speaker  

June Rhee

Yale Program on Financial Stability
Speaker  

Natasha Sarin

Yale University
Speaker  

Markus Schwaiger

Oesterreichische Nationalbank
Speaker  

Jeremy Stein

Harvard University
Speaker  

Ioannis Tsikripis

Bank of Greece
Speaker  

Boris Vujčić

Hrvatska Narodna Banka
Speaker  

Oliver Wuensch

Oliver Wyman

Accommodation

You can find a list of hotels in walking distance here.

Registration

Please enter your email address to register. You will receive an e-mail with your personal registration link to the e-mail address you entered, with which you can complete the registration process.