2024 Annual ECB Banking Supervision Research Conference
“The European Single Supervisory Mechanism at 10:
Lessons learnt and challenges ahead”
Tuesday, 11 and Wednesday, 12 June 2024
Frankfurt am Main
Hybrid event
In 2024 the European Single Supervisory Mechanism (SSM) will celebrate its 10th anniversary. Taking over direct banking supervision of the largest banks across the euro area in November 2014 was a crucial milestone to build the banking union. The need for a centralised banking supervision in Europe was a direct lesson learnt from the great financial crisis and the subsequent sovereign debt crisis in order to rebuild trust in the banking sector and increase the resilience of the financial system within the monetary union.
Programme
* indicates the presenter
- 8:30
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Registration and coffee
- 9:00
-
Welcome
Mario Quagliariello, ECB
- 9:10
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Keynote 1
Claudia Buch, Chair of the Supervisory Board of the ECB
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Session 1: SSM – Lessons learnt
Session chair: Fernando Restoy, Financial Stability Institute, BIS
- 10:00
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Paper 1: Supranational Banking Supervision, Credit Supply and Risk-Taking: European Evidence from Multi-Country Credit Registers
- José-Luis Peydró*, Imperial College London, ICREA-Universitat Pomepu Fabra - Barcelona GSE and CEPR
- Carlo Altavilla, ECB and CEPR
- Miguel Boucinha, ECB
- Martina Jasova, Barnard College, Columbia University
- Frank Smets, ECB, University of Ghent, CEPR
- 10:40
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Paper 2: Can supervisors enforce transparent accounting when the rules leave room for management discretion?
- Nicolas Rudolf*, HEC University of Lausanne
- Jannis Bischof, University of Mannheim
- Ferdinand Elfers, Erasmus University Rotterdam
Discussant: Harry Huizinga, Tilburg University
- 11:20
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Coffee break
- 11:45
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Paper 3: Restoring Confidence in Systemically Important Banks: SSM Effects on Bank Performance
Burkhard Raunig*, and Micheal Sigmund, both Oesterreichische Nationalbank
Discussant: Alex Popov, ECB
- 12:30
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Lunch
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Session 2: Supervisory effectiveness
Session chair: Klaus Düllmann, ECB
- 13:30
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Paper 4: The Disciplining Effect of Bank Supervision: Evidence from SupTech
- Cédric Huylebroek*, KU Leuven and FWO
- Hans Degryse, KU Leuven and CEPR
- Bernardus Van Doornik, Banco Central do Brasil and BIS
Discussant: Olivier De Jonghe, NBB and Tilburg, visiting ECB
- 14:10
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Paper 5: Drivers of Supervisory Capital Add-ons in Banking Supervision: Signal versus Noise in Internal Ratings-Based Models
- Arndt-Gerrit Kundt*, European Stability Mechanism
- Andreas Beyer, ECB
Discussant: Elizaveta Sizova, NHH Norwegian School of Economics
- 14:50
-
Paper 6: How (in)effective was bank supervision during the 2022 Monetary Tightening?
- João Granja*, University of Chicago
- Yadav Gopalan, Kelley School of Business, Indiana University and St. Louis Fed
Discussant: Huyen Nguyen, Halle Institute for Economic Research (IWH)
- 15:30
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Coffee break
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Session 3: Bank lending
Session chair: Cornelia Holthausen, ECB
- 16:00
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Paper 7: Distortive Effects of Deposit Insurance: Administrative Evidence from Deposit and Loan Accounts
- Dominic Cucic*, Danmarks Nationalbank
- Rajkamal Iyer, Imperial College London and CEPR
- Sotirios Kokas, University of Essex
- José-Luis Peydró, Imperial College London and CEPR
- Stefano Pica, Banca d'Italia
Discussant: Florian Heider, SAFE, Goethe University Frankfurt
- 16:40
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Paper 8: Cross-subsidization of Bad Credit in a Lending Crisis
- Nikolaos Artavanis*, Lousiana State University
- Brian Jonghwan Lee, Columbia Business School
- Stavros Panageas, UCLA Anderson School of Management and NBER
- Margarita Tsoutsoura, Washington University in St. Louis, CEPR, ECGI, NBER
Discussant: Diana Bonfim, Banco de Portugal
- 17:20
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Paper 9: Unloading NPLs, unlocking credit? Evidence from the ECB provisioning guidelines
- Serafeim Tsoukas*, University of Glasgow
- Soner Basakya, University of Glasgow
- Jose E. Gutierrez, Banco de España
- Jose-Maria Serena, Banco de España
Discussant: Brunella Bruno, Bocconi University
- 18:45
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Reception and dinner (by invitation only)
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Dinner speech
Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB
- 8:30
-
Registration
-
Session 4: Cyber Risk, Digital Currency and Banking Regulation
Session chair: Thorsten Beck, EUI
- 9:00
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Paper 10: CBDC and banks: Disintermediating fast and slow
- Matthias Rottner*, Deutsche Bundesbank
- Rhys Bidder, King’s Business School
- Timothy P. Jackson, University of Liverpool
Discussant: Katrin Assenmacher, ECB
- 9:40
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Paper 11: Borrowing Beyond Bounds: How Banks Pass On Regulatory Compliance Costs
- Felix Corell*, UV Amsterdam School of Business and Economics
- Melina Papoutsi, ECB
Discussant: Emilia Garcia-Appendini, Norges Bank
- 10:20
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Coffee break
- 10:45
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Paper 12: Cybersecurity and Financial Stability
- Kartik Anand*, Deutsche Bundesbank
- Chanelle Duley, University of Auckland
- Prasanna Gai, University of Auckland
Discussant: Ryan Riordan, LM University Munich
- 11:30
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Keynote 2
Session chair: Luc Laeven, ECB
Speech by Rafael Repullo, CEMFI
- 12:30
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Best Poster/Paper Award
Introduction: Andreas Beyer, ECB
Prices handed over by Claudia Buch, Chair of the Supervisory Board of the ECB
- 12:45
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Poster session and Lunch
- 14:00
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Banking Supervision Colloquium
Chair: Edouard Fernandez-Bollo, Member of the Supervisory Board of the ECB
Panellists:
- Vítor Constâncio, President of the School Council of the Lisbon School of Economics and Management and former Vice-President of the ECB
- Peter Conti-Brown, Wharton School
- Rosa Lastra, Queen Mary
- Alexis Drach, Paris VIII
- Pedro Teixeira, ECB
- 16:00
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Closing remarks
Anneli Tuominen, Member of the Supervisory Board of the ECB
- 16:15
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End of conference
This programme may be subject to change without notice.
Audiovisual notice: A photographer will be present at the event taking photographs for our internet / intranet webpage. If you prefer not to have your photograph taken, please approach the photographer directly. The event may be filmed and the video recording, or parts of it, may be published on the internet / intranet.
General information
European Central Bank
Kaiserstrasse 29
60311 Frankfurt am Main
English