CFS Lecture Event

Presentation of the IMF Book: "From Fragmentation to Integration: EU Wide Approach to Financial Oversight"

 

Speaker:

Charles Enoch, Luc Everaert, Thierry Tressel, and Jianping Zhou (editors)

Mr. José Viñals, Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF

Date:11.12.2013
Time:12.00 - 14.00
Venue:Room E.22 (Commerzbank), House of Finance, Goethe University Frankfurt

 

 

PROGRAM

Introduction: Hans-Helmut Kotz (Center for Financial Studies)

Book presentation: Charles Enoch (Deputy Director of the Monetary and Capital Markets Department IMF)

Key note speech: “Resuming Virtuous Financial Integration”
José Viñals (Financial Counsellor and Director Monetary and Capital Markets Department, IMF)

Panel Discussion:

Moderator: Hans-Helmut Kotz

Vítor Constâncio (Vice President of the European Central Bank)
José Viñals (Financial Counsellor and Director Monetary and Capital Markets Department, IMF)
Thomas Wieser (Chair Eurogroup Working Group)
Thomas Mayer (CFS and Senior Advisor to the Deutsche Bank AG)

Q&A session
 

This is the first comprehensive and in-depth third-party study of the European Union financial system and financial stability framework after the implementation of the De Larosiere reforms and the decision to establish a banking union. The book, edited by Charles Enoch, Luc Everaert, Thierry Tressel, and Jianping Zhou, derives from the work of the recent regional Financial Stability Assessment Program for the European Union and is supplemented by related IMF staff policy papers that deal with key policy issues.

The first section provides an overview of the issues central to securing a safer financial system for the EU. The second looks at issues relating to the crisis, both at the macro level—the pendulum of financial integration and fragmentation—and at a micro level—the institutional reforms that are taking place to address the crisis. The third section covers issues relating to the emerging financial sector management infrastructure, associated with both the prospective Single Supervisory Mechanism (SSM) and other elements of the Banking Union for the EA, and the regulatory program under the auspices of the European Commission (EC) for the EU as a whole. The final section looks forward at some of the broader challenges.