IMF and CFS Research Conference

A Financial Stability Framework for Europe


Carletti, Elena (Goethe-University of Frankfurt and Center for Financial Studies)
Cihak, Martin (International Monetary Fund)
Decressin, Joerg (International Monetary Fund)
Fonteyne, Wim (International Monetary Fund)
Hardy, Daniel C. (International Monetary Fund)



26 September 2008

9:00 a.m. -
9:15 a.m.
Welcome Remarks:

Jan Pieter Krahnen, Goethe-University and Center for Financial Studies
Alessandro Leipold, International Monetary Fund
9:15 a.m. -
9:45 a.m.
Introductory Comment

Charles Goodhart, London School of Economics
9:45 a.m. -
10:45 a.m.
Session 1
Leveling the Prudential Playing Field: What is the Role of Regulation and Supervision in Fostering Financial Integration?

chair: Gerd Häusler, Lazard International

Johnny Åkerholm, Nordic Investment Bank and Inter-Institutional Monitoring Group
Sergio Lugaresi,
UniCredit Group and European Financial Services Round Table
10:45 a.m. -
11:15 a.m.
Coffee Break
11:15 a.m. -
12:15 p.m.
Session 2
Coordinating Crisis Prevention: How should Cross-Border Risks Be Monitored and Managed within the Single Financial Market?

chair: Thomas Steffen, Committee of European Insurance and Occupational Pensions Supervisors and BaFin

David Mayes, University of Auckland and Bank of Finland
Arnoud Vossen, Committee of European Banking Supervisors

12:15 p.m. -
1:30 p.m.
1:30 p.m. -
2:30 p.m.
Session 3
Managing Cross-Border Failures: What if Northern Rock Were a Cross-Border Bank?

chair: Josef Tošovský, Bank for International Settlements

Franklin Allen, University of Pennsylvania
Dirk Schoenmaker, Dutch Economics Ministry and VU University Amsterdam
2:30 p.m. -
3:00 p.m.
Coffee Break
3:00 p.m. -
5:00 p.m.
Panel Discussion
How to Strengthen Europe's Financial Stability Framework?

chair: Jaime Caruana, International Monetary Fund

Pervenche Berès, European Parliament
Lorenzo Bini Smaghi,
European Central Bank
Jonas Niemeyer, Sveriges Riksbank
Danielle Nouy, Commission Bancaire
Zdeněk Tůma, Czech National Bank


Conference Summary

For the Summary, please click here

Presentations and Papers for Download

Conference Fee

There is a conference fee of €150.

For academics, students and journalists the fee is waived.


The conference fee covers conference participation, background materials, refreshments during the coffee breaks, and the lunch.


To register please fill in the registration form.


The Center for Financial Studies will send you an invoice.

Upon receipt of your payment we will confirm your registration.


Attendance at the conference only with confirmation of registration.



Registration form


Francesca Gradi
Center for Financial Studies
Mertonstr. 17-21, HPF 73
D - 60325 Frankfurt am Main
Phone: +49 (0)174 219 6072


"Auditorium" of Commerzbank AG
Entrance: Große Gallusstr. 19, Frankfurt am Main