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Annual ECB Banking Supervision Research Conference

Banking Supervision in a New Economy: Digitalisation, Climate and Financial Innovation

Tuesday, 2 and Wednesday, 3 May 2023
Eurotower, Frankfurt am Main and Webex

The 2023 ECB’s annual Banking Supervision Research Conference brings together banking supervisors, academics, central bankers and market practitioners to discuss the key developments in banking and banking supervision, thereby aiming at building bridges between supervisory policies and practices on the one hand and academia on the other hand. The conference will provide a forum to discuss key topics such as climate risk, digital transformation and financial innovations in particular from a banking supervision perspective.  


Times are Central European Time (UTC+1)

* indicates the presenter

Photos from the event

Tuesday, 2 May 2023


Registration and lunch


Welcome by Mario Quagliariello, European Central Bank


Opening session:
Banking supervision in a new economy

A conversation by Andrea Enria, Chair of the Supervisory Board of the ECB, with Luc Laeven, European Central Bank, Director General Research


Session 1

Session Chair: Klaus Düllmann, European Central Bank, D-SSR


Paper 1: Forward-Looking Provisions and the Economic Cycle: Credit Supply and Real Effects

José-Luis Peydro*, Imperial College London, ICREA-UPF-CREI-BSE, CEPR
together with Bernardo Morais, Federal Reserve Board, Gaizka Ormazabal, IESE Business School, CEPR, and ECGI, Monica Roa, Pennsylvania State University, and Miguel Sarmiento, Banco de la República Colombia

Discussant: Skander van den Heuvel, Federal Reserve Board


Paper 2: What are banks’ actual capital targets?

Cyril Couaillier*, European Central Bank

Discussant: Florian Heider, Goethe University Frankfurt and SAFE


Paper 3: Supervisory Policy Stimulus: Evidence from the Euro Area Dividend Recommendation

Ernest Dautovic*, European Central Bank
together with Leonardo Gambacorta, Bank for International Settlements, and Alessio Reghezza, European Central Bank and University of Genoa

Discussant: Diana Bonfim, Banco de Portugal, ECB, and Católica Lisbon

Coffee break


Session 2

Session Chair: Philipp Hartmann, European Central Bank, DG-R


Paper 4: The Propagation of Cyberattacks through the Financial System: Evidence from an actual event

Antonis Kotidis*, Board of Governors of the Federal Reserve System
together with Stacey Schreft, Board of Governors of the Federal Reserve System and U.S. Treasury Office of Financial Research

Discussant: Jacob Gyntelberg, European Banking Authority


Paper 5: Voluntary support and ring-fencing in cross-border banks

Anatoli Segura*, Banca d’Italia and CEPR
together with Gyöngyi Loranth, University of Vienna and CEPR, and Jing Zeng, University of Bonn and CEPR

Discussant: Angela Maddaloni, European Central Bank


Paper 6: Determinants of credit risk provisioning in uncertain times– the role of bank conditions and accounting standards

Markus Behn*, European Central Bank
together with Cyril Couaillier, European Central Bank

Discussant: Harry Huizinga, Tilburg University


Reception and dinner (by invitation)

Dinner speech by Vítor Constâncio, President of the School Council of the Lisbon School of Economics and Management and former Vice-President of the ECB

Wednesday, 3 May 2023


Session 3

Session Chair: Thomas Broeng Jorgensen, European Central Bank, DG-SIB

Definition title
Definition description

Paper 7: Climate, Amenities and Banking: El Niño in the US

Filippo De Marco*, Bocconi University and CEPR
together with Nicola Limodio, Bocconi University and CEPR

Discussant: Alexander Popov, European Central Bank


Paper 8: Cultural Stereotypes of Multinational Banks

Orkun Saka*, City, University of London
together with Barry Eichengreen, UC Berkeley

Discussant: Eleonora Alabrese, University of Warwick


Coffee break


Session 4

Session Chair: Jérôme Henry, European Central Bank, DG-MF


Paper 9: Green Capital Requirements

Martin Oehmke*, London School of Economics and CEPR
together with Marcus Opp, Stockholm School of Economics and CEPR

Discussant: Jean-Edouard Colliard, HEC Paris


Paper 10: Climate stress tests, bank lending, and the transition to the carbon-neutral economy

Huyen Nguyen*, Halle Institute for Economic Research, Friedrich Schiller University Jena
together with Larissa Fuchs, University of Cologne, and Trang Nguyen and Klaus Schaeck, both University of Bristol

Discussant: Tristan Jourde, Banque de France


Keynote speech
“Glossy Green” Banks: The Disconnect Between European Banks’ Sustainability Reporting and Lending Activities

Mariassunta Giannetti, Stockholm School of Economics and CEPR




Policy panel
“Banking Supervision and the Role of Banks in a Future Banking System – Opportunities and Challenges Ahead”

  • Thorsten Beck, EUI Florence
  • Stijn Claessens, Bank for International Settlements
  • Michala Marcussen, Societe Generale
  • Elizabeth McCaul, Supervisory Board of the ECB

Moderator: Isabella Bufacchi, Il Sole 24 Ore


Coffee break


Session 5

Session Chair: Andreas Beyer, European Central Bank, D-SSR


Paper 11: Domestic Climate Policy and Cross-Border Lending

Emanuela Benincasa*, SFI, University of Zurich
together with Gazi Kabaş, Tilburg University, and Steven Ongena, Swiss Finance Institute, University of Zurich, KU Leuven, NTNU Business School, CEPR

Discussant: Glenn Schepens, European Central Bank


Paper 12: Incomplete Coverage in Supervisory Cooperation and Cooperation Externalities

Wolf Wagner*, Rotterdam School of Management and CEPR
together with Thorsten Beck, European University Institute and CEPR, and Consuelo Silva-Buston, Pontificia Universidad Catolica de Chile

Discussant: David Marqués-Ibáñez, European Central Bank


Closing speech 

Kerstin af Jochnick, Member of the Supervisory Board of the ECB


End of conference

This programme may be subject to change without notice.

Audiovisual notice: The event will be recorded and photos will be taken on physical premises.

General information

Conference venue

European Central Bank
Kaiserstrasse 29
60311 Frankfurt am Main



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