13th Annual Research Workshop - Boundaries of Banking Regulation

  • Conference/Workshop
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The 2024 EBA Policy Research Workshop addressed and explored policies that can ensure innovation and sustainability in a context of competition and risk arbitrage, while ensuring financial stability. From the perspective of financial regulation, the boundaries of banking regulation raise important research questions about the adequacy of the present regulatory regime.


Boundaries of Banking Regulation

Day 1: 6 November 2024

Welcome Speech 

François-Louis Michaud, EBA Executive Director

Keynote Speech – Regulator or Researcher hat? The interconnectedness case

Chiara Scotti (Bank of Italy, Governing Board member and Deputy Governor)

Session 1: Impact of Financial Innovation

Chair: Ruta Merkeviciute (EBA)

The Disciplining Effect of Bank Supervision: Evidence from SupTech – Hans Degryse, Cédric Huylebroek (KU Leuven), Bernardus Van Doornik (Banco Central do Brasil and Bank for International Settlements)

Discussant: Maria Rocamora (European Banking Authority)

 

Diverging Banking Sector: New Facts and Macro Implications – Shohini Kundu , Tyler Muir, Jinyuan Zhang (UCLA Anderson)

Discussant: Karamfil Todorov (Bank for international Settlements)

 

ETFs, illiquid assets and fire sales – John J. Shim (University of Notre Dame)Karamfil Todorov (Bank for International Settlements)

Discussant: Cyril Pouvelle (French Prudential Supervision and Resolution Authority – ACPR)

 

Session 2: Non-banks and Macroprudential Policy

Chair: Klaus Duellmann (ECB)

Lending to Hedge Funds: Does Competition Erode Bank Risk Management? – Christian Bittner Stephan Jank (Deutsche Bundesbank)

Discussant: Petros Migiakis (Bank of Greece)

 

A leaky pipeline - Macroprudential policy shocks, non-bank financial intermediation and systemic risk in Europe – Johanna Krenz (University of Hamburg)Akhilesh K. Verma (Trinity College Dublin)

Discussant: Teng Wang (Federal Reserve Board)

 

Internal Capital Markets of Multinational Corporations Observed in Action – Björn Imbierowicz, Axel Loeffler (Deutsche Bundesbank), Steven Ongena (University of Zurich), Ursula Vogel (European Central Bank)  

Discussant: Tiago Pinheiro (Banco de Portugal)

 

Interest rate hikes, collateral deterioration and search for yield: Evidence from Shadow Banks – Angela Gallo ,  Barbara Casu (Bayes Business School, City, University of London).

Discussant: Giulio Mazzolini (European Banking Authority)

 

Session 3: Evaluating the Effectiveness of Regulation

Chair: Lars Overby (EBA)

Evaluating the Effectiveness of EU Securitization Regulation on the Performance of the SME Securitization Market – Aida Cehajic, Wangzhen Xia (Technical University of Munich)

Discussant: Arndr-Gerrit Kund (European Stability Mechanism) 

 

Do Bank Resolution Reforms Reduce the Perception of Too-Big-To-Fail? – Emanuela Giacomini (University of Macerata) , Lucas Vasconcelos, Rafael Schiozer (Fundação Getulio Vargas - São Paulo School of Business Administration)

Discussant: Thibault Godbillon (European Banking Authority)

 

Drivers of Supervisory Capital Add-ons: Signal versus Noise in Internal Ratings-Based Models – Andreas Beyer (European Central Bank)Arndt-Gerrit Kund (European Stability Mechanism)

Discussant: Emilio Barucci (Politecnico di Milano)

Day 2: 7 November 2024

Session 4: Bank Runs, Contagion and Systemic Risk

Chair: Samuel Da-Rocha-Lopes (EBA)

Efficient or systemic banks: Can regulation strike a deal?Tirupam Goel (Bank for International Settlements)

Discussant: Jonathan Acosta Smith (SOAS, University of London)

 

Investor attention to bank risk during the Spring 2023 bank run – Natalia Fischi-Lanzoni, Martin Hiti, Asani Sarkar (Federal Reserve Bank of New York) , Nathan Kaplan (Harvard Business School)

Discussant: Carmelo Salleo (European Central Bank) 

 

Contagion from market price impact: a price-at-risk perspective – Gábor Fukker, Michiel Kaijser, Luca Mingarelli, Matthias Sydow (European Central Bank)

Discussant: Tirupam Goel (Bank for International Settlements)

Session 5: Big Data and Data Protection Challenges

Chair: Marina Cernov (EBA)

Untangling Digital Euro’s Personal Data Protection Challenges: An Exploration of Data Processing Activities and Latent Privacy RisksAndrés Chomczyk Penedo , Alessandro Ortalda, Pablo Trigo Kramcsák (Vrije Universiteit Brussel), Michaël Van den Poel (Brussels Privacy Hub)

Discussant: Edoardo David Martino (University of Amsterdam)

 

The Double-Edged Sword of Big Data and AI for the Disadvantaged: A Cautionary Tale from Open Banking – Savina Kim, Galina Andreeva , Michael Rovatsos (University of Edinburgh)

Discussant: Kim Abildgren (Danmarks Nationalbank)

Session 6: Transition to Carbon Neutrality

Chair: Olli Castren (EBA)

Transition plans: ensuring their comparability, credibility and effectiveness to accelerate the low carbon transitionRami Feghali , Véronique Ormezzano (Association Europe Finance Regulations)

Discussant: Thomas Robertet (European Banking Authority)

 

Climate stress tests, bank lending, and the transition to the carbon-neutral economy – Larissa Fuchs (University of Cologne), Huyen Nguyen, Trang Nguyen (University of Jena), Klaus Schaeck (University of Bristol)

Discussant: Jorge Miguel Bravo (Universidade Nova de Lisboa) 

Keynote SpeechAI and Systemic Risk: Is this time different?

Stephen G. Cecchetti (Brandeis International Business School, Professor)

Paper       Presentation       Discussion

Recordings of the workshop

Documents

Programme

(300.36 KB - PDF)