In person event
The March 2023 banking turmoil, that erupted in the United States and Switzerland, is the most significant system-wide banking stress since the Great Financial Crisis.
The Basel Committee on Banking Supervision and the International Monetary Fund have recently released reports on the lessons learned from this crisis episode. These reports emphasise the importance of strong and effective banking supervision. Not only do supervisors need to be able to actively identify weaknesses in banks, but they also need to have the appropriate powers, ability, and will to remedy such weaknesses.
European banking supervision has been operational for nearly ten years now. The Single Supervisory Mechanism (SSM) has evolved from a start-up to a mature, well-established, and respected supervisor. The SSM has recently adapted its supervisory processes to become more risk-based, agile and effective in a rapidly changing external risk landscape.
This event, jointly organised by CEPS, ECMI and the European Central Bank, is an opportunity to discuss what lessons the SSM takes from the March banking turmoil for the effectiveness of its supervision.
AGENDA
15:30 – 16:00 Registration
16:00 – 16:15 Keynote speech by Frank Elderson, Member of the Executive Board, European Central Bank; Vice-Chair of the Supervisory Board of the ECB
16:15 – 17:15 Panel discussion – Speakers tbc
Moderated by Judith Arnal, Associate Senior Research Fellow, CEPS; Independent Board Member of the Bank of Spain.
More speakers to be confirmed
Registration end on 6th December
