ECB Youth Dialogue

We know that the decisions we take can have an impact on your day-to-day life. That’s why we want to make sure that you not only hear from us or about us, but also have the chance to talk directly to us and with us.

The ECB Youth Dialogue gives you the chance to do exactly that. We hold events around Europe – and online – that put you in direct contact with ECB policymakers so you can ask any questions you have and share your views with us.

Youth Dialogues on topics relating to central banking

Youth Dialogue with Danièle Nouy and Sabine Lautenschläger, Frankfurt, November 2018

Students and alumni from Frankfurt School of Finance and Management had the chance to talk to the heads of European banking supervision about their work to keep banks safe and Europe’s financial sector strong and stable, in the interests of all of us.

With their terms of office drawing to a close, Supervisory Board Chair Danièle Nouy and Vice-Chair Sabine Lautenschläger looked back on what has been achieved since European banking supervision was established in 2014 and shared their experiences of what it was like doing something that had never been done before.

Here’s a taster of the discussion!

...on setting up ECB Banking Supervision

We were a tiny start-up in a powerful incubator. – Danièle Nouy

We were able to make use of, for example, HR and IT services already established in the ECB. – Sabine Lautenschläger

...on supervision as a career

If you have a strong education, you can learn the rest. And it’s not boring at all – sometimes I wish it was more boring! There’s always work to be done. – Danièle Nouy

...on cryptocurrencies

They are not currencies – they are digital assets. – Sabine Lautenschläger

They are a kind of casino! – Danièle Nouy

...on the next crisis

Our job is to make sure banks are resilient so they are ready for the next crisis, whenever it comes. – Danièle Nouy

...on bureaucracy

If you have to move 26 authorities and 3,000 staff and ensure equal treatment of everyone, you need to have procedures. Then it’s not bureaucracy, it’s a way of ensuring credibility. – Sabine Lautenschläger

...on the biggest challenge so far

European banks started with €1 trillion of bad loans. Now we’re at €650 billion because we put the right tools in place. – Danièle Nouy

...on Fridays

I like my job best on Fridays! Lots of us get together for a regular meeting that day and it’s always unbelievably rewarding to see everyone’s commitment, to learn from the different pools of experience and to design the future of European banking supervision together. – Sabine Lautenschläger

...on traineeships

The ECB offers traineeships in supervision to students from many different fields of study. Just keep an eye on the website! – Danièle Nouy

Find out more!

Watch the full event

Photos

Past events

Youth Dialogue with Danièle Nouy, Madrid/Spain, May 2018

Danièle Nouy, Chair of the Supervisory Board, met with a group of young professionals working in the financial industry in Madrid. They had many questions for her, not only about European banking and financial stability, but also about ethics in finance, digitalisation and other more personal topics, such as what motivates her to do the work she does.

The event, which was held in partnership with Banco de España, was a great opportunity for younger professionals to share their thoughts and experiences with a senior policymaker and to learn from each other’s perspectives.

Here’s a taster of the discussion!

...on ethics

Banks’ reputations suffered with the crisis. How do we regain people’s trust?

Ethics are crucial. Banks need to take a longer-term view and act ethically. You can help to make banking safer and better.

...on digitalisation

We are working hard to adapt to the new environment we’re in. Are regulators doing the same?

Yes, we are working as hard as you to adapt. I have been doing supervision for 40 years, but I’m learning something new every day. That’s the beauty of the job. It’s very intellectually stimulating to do this job!

...on fintech

In my opinion, one of the biggest threats to European banking is the entrance of new players. What’s your view on fintech?

I think innovation is the name of the game. There will always be customers that will pay for traditional banking services, while others, like my granddaughter, do everything by phone. There is room for all kinds of bank. But fintechs offering banking services will be supervised as banks.

...on mergers

Do you think there should be more mergers and acquisitions in Europe?

We need fewer banks, but there are different ways of fixing the issue. Banks can be wound down or they can merge. But mergers need to be strategic and result in sustainable banks. Two ducks don’t make a swan – especially two sick ducks!

...Danièle Nouy on meeting the young professionals

I really enjoyed meeting these young people – they had very good questions on many topics. They were not shy!

...the young professionals on meeting Danièle Nouy

She was really clear and I think it was really enriching and a really positive experience. It was casual, natural, I felt really comfortable. – Marcela Nario

I think this is a wonderful way to exchange views with young people working in banks. – Federico Power Esteban

Photos from the event

Find out more

Do you want to know more about the topics of this ECB Youth Dialogue? Take a look at the following pages!

European banking
Financial stability Cyber resilience