10th Annual Research Workshop - The New Normal in the Banking Sector – Reshaping the Insights

Date : 16/11/2021 14:00 - 17/11/2021 17:30 (Paris time) | Duration: 14:00 - 17:30 (Paris time) | Location:

Virtual event

The 2021 Policy Research Workshop titled "The New Normal in the Banking Sector – Reshaping the Insights" aims at bringing together economists and researchers from supervisory authorities and central banks, as well as leading academics, to discuss how the future of the banking sector will look like in the new normal that is emerging from the COVID-19 pandemic. One of the topics under discussion will be the ambitious climate and energy targets as part of the European Green Deal with a specific action plan to support transition to a more sustainable economy.

Day 1 - 16 November 2021

Welcome Speech

José Manuel Campa, EBA Chairperson

Keynote Speech

Hyun Song Shin, Economic Adviser and Head of Research at the BIS

Break 14:50-15:00
Session 1 – Part 1: COVID-19

Chair: Jacob Gyntelberg, Director of Economic and Risk Analysis Department (EBA)

Supervisory forward guidance: the effectiveness of the 2020 supervisory capital relief on the bank credit supply channel

Silviu Oprică and Claudia Schwarz (ECB)
Discussant: Rob Sarama (Federal Reserve Board)

Liquidity Insurance vs. Credit Provision: Evidence from the COVID-19 Crisis

Tumer Kapan (IMF) and Camelia Minoiu (Federal Reserve Board)
Discussant: Rym Ayadi (City University London)

Break 16:00-16:20
Session 1 – Part 2: COVID-19

Chair: Lars Overby, Head of the Prudential Regulation and Supervisory Policy Unit (EBA)

Assessment of the effectiveness of the macroprudential measures implemented in the context of the Covid-19 pandemic

Lucas Avezum, Vítor Oliveira and Diogo Serra (Banco de Portugal)
Discussant: Kim Abildgren (Danmarks Nationalbank)

Have mitigating measures helped prevent insolvencies in Austria amid the COVID-19 pandemic?

Claus Puhr and Martin Schneider (Oesterreichische Nationalbank)
Discussant: Monika Marcinkowska (University of Lodz)


 Day 2 - 17 November 2021

Keynote Speech

Anil Kashyap, Stevens Distinguished Service Professor of Economics and Finance at the University of Chicago Booth School of Business

Session 2: Competition and Profitability

Chair: Olli Castren, Head of the Economic Analysis and Impact Assessment Unit (EBA)

Informational Asymmetries and Inter-bank Competition: Evidence from
Branch Pruning

Maddalena Galardo and Paolo Emilio Mistrulli (Banca d’Italia)
Discussant: Cyril Pouvelle (ACPR)

A portfolio perspective on euro area bank profitability using stress test

Harun Mirza, Carmelo Salleo and Zoe Trachana (ECB) and Dimitrios Mokas (EBA)
Discussant: Inês Drumond (Banco de Portugal)

Break 15:45-16:00
Session 3: Pricing on Climate risks

Chair: Samuel Da Rocha Lopes, Senior Bank Sector Analyst (EBA)

Dissecting Climate Risks: Are they reflected in stock prices?

Renato Faccini (Danmarks Nationalbank and Centre for Macroeconomics), Rastin Matin (Danmarks Nationalbank) and George Skiadopoulos (Department of Banking and Financial Management, University of Piraeus, and School of Economics and Finance, Queen Mary, University of London)

Discussant: Klaus Duellmann (ECB)

Pollution Permits and Financing Costs

Fabio Antoniou (Athens University of Economics and Business), Manthos D. Delis (Montpellier Business School), Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven, and CEPR) and Chris Tsoumas (Hellenic Open University)
Discussant: Johannes Poeschl (Danmarks Nationalbank)

Green Premium and Brown Discount in Real estate markets - A Metaanalysis to shed light on the possibility of a climate risk differential in banks mortgages portfolio

Numa Bosc (EBA) and Déborah Leboullenger (ACPR)
Discussant: Angel Berges (Universidad Autónoma de Madrid)

Closing of the 2021 EBA Policy Research Workshop

François-Louis Michaud, EBA Executive Director