Second annual ECB macroprudential policy and research conference

Frankfurt am Main, 11 and 12 May 2017
Main Building, Press Conference Room

Attendance is by invitation only.

Save the date for the Third annual macroprudential policy and research conference : May 17 and 18, 2018.

YouTube stream of the policy panel, Friday 12 May 2017, 14:00-16:00

Alternative video stream

Programme

* indicates the presenter

Thursday, 11 May 2017

8:30
Registration
9:00

Welcome address

Vítor Constâncio, Vice-President, European Central Bank

9:30

Session 1
Foundations for macroprudential policy

Chair: Luc Laeven, European Central Bank


Macroprudential policy: its foundations and challenges for central banks
Slides

Enrique Mendoza, University of Pennsylvania


Macroprudential and systemic risk – an overview of recent developments

Jean-Charles Rochet, University of Zurich

11:30
Coffee break
12:00

Session 2
Assessing risk and resilience in the financial system

Chair: Philipp Hartmann, European Central Bank


Choosing stress scenarios for systemic risk through dimension reduction
Slides

Matthew Pritsker, Federal Reserve Bank of Boston


Applied Reverse Stress Testing: Conditional forecasting for scenario formulation

Mark Flood*, Office of Financial Research
Jonathan Jones, Office of the Comptroller of the Currency, U.S Dept. of Treasury
George Korenko, Edgeworth Economics
Akhtar Siddique, Office of the Comptroller of the Currency, U.S Dept. of Treasury

13:00
Lunch
14:00

STAMP€ : Stress Test Analytics for Macroprudential Purposes in the euro area

Stéphane Dées, European Central Bank
Jérôme Henry*, European Central Bank
Reiner Martin, European Central Bank

Discussants:
Nellie Liang, Brookings Institution
Udaibir Saran Das, International Monetary Fund

15:30
Coffee Break
16:00

Session 3
Modelling the impact of macroprudential policy

Chair: Carmelo Salleo, European Central Bank


Bank capital in the long and in the short run
Slides

Caterina Mendicino, European Central Bank
Kalin Nikolov, European Central Bank


Optimal monetary and macroprudential policies: gains and pitfalls in a model of financial intermediation
Slides

Michael Kiley*, Federal Reserve Board
Jae Sim, Federal Reserve Board


Concerted efforts? Monetary and macro-prudential policies
Slides

Andrea Ferrero*, University of Oxford
Richard Harrison, Bank of England

Discussants:
Larry Christiano, Northwestern University
Christian Friedrich, Bank of Canada

18:30

End of day one of conference

19:00

Dinner with speech by Charles Goodhart, London School of Economics

Friday, 12 May 2017

8:30
Registration
9:00

Keynote speech
The design and governance of financial stability regimes
Slides

Paul Tucker, Systemic Risk Council

10:00

Session 4
A macroprudential policy for the financial sector

Chair: Sergio Nicoletti-Altimari, European Central Bank


Macroprudential policy and market-based financial intermediation

Tobias Adrian, International Monetary Fund

10:50
Coffee break
11:20

A macroprudential response to risks in the asset management sector
Slides

Barbara Novick, BlackRock


Macroprudential policy towards a capital markets union

Alberto Giovannini, MTS, EuroMTS and ESRB Advisory Scientific Committee

13:00
Lunch
14:00

Policy Panel
What macroprudential framework for Europe?

Chair: Vítor Constâncio, Vice-President, European Central Bank

Communication, calibration and coordination: challenges implementing macroprudential policy in the euro area

Sharon Donnery, Central Bank of Ireland


John Berrigan, European Commission
Paul Hilbers, De Nederlandsche Bank
Fernando Restoy, Bank for International Settlements

16:00

End of conference

This programme may be subject to change without notice.

General information

Conference venue

European Central Bank
Main building, Press Conference Room
Sonnemannstrasse 20
60314 Frankfurt am Main

+49 69 1344 0
Fax: +49 69 1344 6000
info@ecb.europa.eu

Conference language

English

Transfers

Participants are requested to arrange their own transfers, unless indicated otherwise.

Organisers

European Central Bank

Luc Laeven
Directorate General Research

Angela Maddaloni
Directorate General Research
Financial Research Division

Carmelo Salleo
Directorate General Macroprudential Policy and Financial Stability
Macro-Financial Policies Division

Reiner Martin
Directorate General Macroprudential Policy and Financial Stability
Macro-Financial Linkages Division

Sergio Nicoletti-Altimari
Directorate General Macroprudential Policy and Financial Stability

Simone Manganelli
Directorate General Research
Financial Research Division

Stephan Fahr
Directorate General Macroprudential Policy and Financial Stability
Macro-Financial Policies Division

Contacts

Clemence Legouy-Benamar
Directorate General Macroprudential Policy and Financial Stability
+49 69 69 1344 95244

Monica Bermudez Leyva
Directorate General Macroprudential Policy and Financial Stability
+49 69 69 1344 6804

Conference email: Macropru2017.Conference@ecb.europa.eu

#Macropru2017