Date : 26/10/2022 08:30 - 27/10/2022 16:30 (Paris time) | Duration: 08:30 - 16:30 (Paris time) | Location:
The 2022 Policy research workshop titled Technological Innovation, Climate Finance and Banking Regulation brought together economists and researchers from supervisory authorities and central banks, as well as leading academics, to discuss the challenges, risks and opportunities of technological innovations in the banking and financial sector as well as banks’ transition to a more sustainable economy.
Welcome SpeechJosé Manuel Campa, EBA Chairperson |
9.30-9:50 |
Keynote Speech: The role for macroprudential policy in an evolving technological and climate finance landscapeCornelia Holthausen (Directorate General Macroprudential Policy & Financial Stability, ECB) |
9.50-10.50 |
Session 1: Climate policy risk and the pricing of bank loansChair: Jacob Gyntelberg, Director of Economic and Risk Analysis (EBA) When Green meets GreenHans Degryse, Roman Goncharenko, Carola Theunisz, Tamas Vadasz (KU Leuven, Belgium) Discussant: Serena Fatica (European Commission) Environmental Risks and Loan Contract TermsDiwen Gao (Bayes Business School, City, University of London, UK) Discussant: Despo Malikkidou (EBA) Are green loans less risky?Florin Dragu, Florian Neagu, Amalia Stamate, Luminita Tatarici (National Bank of Romania) Discussant: Jonathan Acosta Smith (Bank of England) |
11.20-13.10 |
Session 2: Regulation and market functioningChair: Lars Overby Head of Risk-based Metrics Unit (EBA) Gas, Guns and Governments: Financial Costs of Anti-ESG PoliciesDaniel G. Garrett (University of Pennsylvania, Wharton, USA) and Ivan T. Ivanov (Federal Reserve Board) Discussant: Dimitrios Mokas (EBA) Environmental regulatory risks, firm pollution, and mutual funds’ portfolio choicesSimon Xu (Haas School of Business, University of California at Berkeley, USA) Discussant: Shuang Zhang (Imperial College London, UK) Firm ESG Reputation Risk and Debt ChoiceDavid P. Newton, Steven Ongena, Ru Xie, Binru Zhao (BOFIT) Discussant: Ruxandra Popescu (EBA) |
14.10-16.00 |
Session 3: Financing and hedging climate changeChair: Stephane Dees (Banque de France) Financing the low-carbon transition in EuropeOlimpia Carradori, Margherita Giuzio, Sujit Kapadia, Dilyara Salakhova, (ECB), Katia Vozian (ECB; Helsinki Graduate School of Economics, Hanken School of Economics; Leibniz Institute for Financial Research SAFE) Discussant: Ivan T. Ivanov (Federal Reserve Board) Primary Corporate Bond Markets and Social ResponsibilityMichael Halling (University of Luxembourg), Jin Yu (Department of Banking and Finance, Monash University, Australia), Josef Zechner (Vienna University of Economics and Business, Austria) Discussant: Monika Marcinkowska (University of Lodz, Poland) Impacts of extreme weather events on mortgage risks and their evolution under climate change: the case of FloridaRaffaella Calabrese (University of Edinburgh, UK), Timothy Dombrowski (University of Missouri-St. Louis, USA), Antoine Mandel (Centre d' Economie de la Sorbonne and Paris School of Economics, France), R. Kelly Pace (Louisiana State University, USA), Luca Zanin (Prometeia, Italy) Discussant: Davide Vioto (EBA) |
16.30-18.20 |
Day 2 - 27 October 2022
Session 4: Developments in financial innovationChair: Olli Carsten, Head of Economic Analysis and Impact Assessment Unit (EBA) Leveraged loans: is high leverage risk priced in?David P. Newton, Ru Xie, Binru Zhao (University of Bath, UK) and Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven, NTNU Business School & CEPR) Discussant: Simone Casellina (EBA) Asset Overhang and Technological ChangeHans Degryse (KU Leuven and CEPR), Tarik Roukny (KU Leuven, Belgium) and Joris Tielens (National Bank of Belgium) Does IT help? IT in Banking and EntrepreneurshipToni Ahnert (ECB, Bank of Canada and CEPR), Sebastian Doerr (BIS), Nicola Pierri (IMF) and Yannik Timmer (Federal Reserve Board) Discussant: Tiago M. Pinheiro (Banco de Portugal) |
9.0-10.50 |
Keynote speech: Carbon Emissions and the Bank-Lending ChannelJosé-Luis Peydró (Imperial College London, CEPR) |
11.10-12.10 |
Session 5: Products and payment systemsChair: Juan Carlos Crisanto (BIS) Tax-Loss Harvesting with CryptocurrenciesLin William Cong (Cornell University, USA), Wayne Landsman (University of North Carolina, USA), Edward Maydew (University of North Carolina, USA) and Daniel Rabetti (Coller School of Management, Israel) Discussant: Gabriel Mitrache (EBA) Cashless Payment and Financial InclusionShumiao Ouyang (Department of Economics and Bendheim Center for Finance, Princeton University, USA) Discussant: André F. Silva (Federal Reserve Board) |
12.10-13.20 |
Session 6: Cyber Attack and Financial Crime TechnologyChair: Marilin Pikaro, Direcctor of Innovation, Conduct and Consumers (EBA) Cyberattacks on Small Banks and the Impact on Local Banking MarketsFabian Gogolin (University of Leeds, UK), Ivan Lim and Francesco Vallascas (Durham University, UK) Discussant: Eric Vansteenberghe (Banque de France) Cyberattacks and Financial Stability: Evidence from a Natural ExperimentAntonis Kotidis and Stacey L. Schreft (Federal Reserve Board) Discussant: Francesco Vallascas (Durham University, UK) Banks' Physical Footprint and Financial Technology AdoptionLucas A. Mariani (ERSA and University of Milano-Bicocca, Italy), José Renato Haas Ornelas (Banco Central do Brasil), Bernardo Ricca (INSPER) Discussant: Antonis Kotidis (Federal Reserve Board)
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14.20-16.10 |
Closing of the 2022 EBA Policy Research WorkshopFrançois-Louis Michaud, EBA Executive Director |
16.10-16.30 |