You can find a press release on the conference here: MNB and OMFIF hold international financial stability conference.
Conference venue: Budapest, MNB Buda HQ (Krisztina krt 55.), conference hall & online 26-27 May 2022
Preliminary Agenda
26 May 2022
| Time | Session |
|---|---|
| 9:30 – 9:45 | Welcome address by the Governor of the MNB & OMFIF |
| 9:45- 10:30 | International Keynote speech
Tobias Adrian (IMF):Macrofinancial Feedback, Bank Stress Testing and Capital Surcharges |
| 10:30- 11:40 | Short- and long-term effects of the Russia-Ukraine crisis on financial stability with a focus on the CEE region Keynote speaker: Jon Danielsson (Systemic Risk Centre): Short- and long-term effects of the Russia-Ukraine crisis on financial stability Moderator: Barnabás Virág (MNB) Panellists: Jon Danielsson (Systemic Risk Centre), Ajay Rawal (EY), Paweł Szałamacha (NBP) |
| 11:40 – 11:50 | Coffee break |
| 11:50 – 13:10 | New aspects of financial stability analysis and macroprudential policy implicated by COVID-19 Keynote speaker: Javier Suarez (CEMFI): Macroprudential policy: Some lessons from the pandemic Moderator: Javier Suarez (CEMFI) Panellists: Elena Carletti (Bocconi University), Stijn Claessens (BIS), Jan Frait (CNB) |
| 13:10 - 14:10 | Lunch |
| 14:10 – 15:40 | Introduction of central bank digital currencies and its impact on financial intermediation, financial stability and the macroeconomy Keynote speaker: Kimmo Soramäki (FNA): Introduction of central bank digital currencies and its impact on financial intermediation, financial stability and the macroeconomy Moderator: David Marsh (OMFIF) Panellists: Tanja Heßdörfer (G+D), Kimmo Soramäki (FNA), Ruth Wandhöfer (PSR) |
| 15:40 – 16:00 | Coffee break |
| 16:00 - 17:30 | Recent advances in macroprudential and system-wide stress testing, contagion analysis and their application for macroprudential
measure calibration - Christoffer Kok Keynote speaker: Christoffer Kok (ECB): Recent advances in macroprudential and system-wide stress testing, contagion analysis and their application for macroprudential measure calibration Presenters: Antoine Bouveret (ESMA): Regulatory constraints for Money Market Funds: The Impossible Trinity, Matthias Sydow (ECB): Shock Amplification in an Interconnected Financial System of Banks and Investment Funds |
| Evening | Informal event |
27 May 2022
| Time | Session |
|---|---|
| 10:00 - 10:30 | MNB Keynote Speech – Banks in the nick of time Gergely Fábián (MNB): Banks in the nick of time |
| 10:30 - 12:00 | Sustainable finance and implications of climate change in financial risk analysis Keynote speaker: Irene Monasterolo (EDHEC): Strengthening financial supervision in the era of climate risks: lessons for climate stress tests Presenters: Hugh Miller (LSE):Preventing a ‘Climate Minsky Moment’: environmental risks and prudential exposure thresholds Remco van der Molen (DNB): Climate financial risk stress testing |
| 12:00 – 13:00 | Lunch |
| 13:00 - 14:10 | Implications of climate change in financial risk analysis and policies Moderator: Paul Hiebert (ECB) Panellists: David Carlin (UNEP-FI), Gábor Gyura (consultant for the UN), Wang Xin (PBC) |
| 14:10 – 15:40 | Bank business model transformation and financial stability consequences I. Over-regulation, optimal simplicity, interactions between prudential instruments Keynote speaker: David Aikman (KCL): Balance sheet evolution, regulatory complexity and financial stability Moderator: David Aikman (KCL) Panellists: Andrés Alonso (BdE), Prasanna Gai (UOA), Malcolm Kemp (Nematrian) |
| 15:40 - 16:00 | Coffee break |
| 16:00 – 17:10 | Bank business model transformation and financial stability consequences II. Non-bank, shadow bank competitors and competing in technology; Financing the transition to knowledge economy Keynote speaker: Sopnendu Mohanty (MAS) Moderator: Sopnendu Mohanty (MAS) Panellists: Gergely Gabler (IBCE), Jesper Berg (Danish FSA), Leonardo Gambacorta (BIS) |
| End of conference |
List of confirmed speakers
Tobias Adrian
Financial Counsellor and Director of the IMF's Monetary and Capital Markets Department
David Aikman
Director of the Qatar Centre for Global Banking and Finance, and Professor in the Practice of Finance
King’s Business School, King’s College London
Andres Alonso
Senior Economist, Financial Innovation Division
Banco de España
Jesper Berg
Director General, Finanstilsynet
Danish Financial Supervisory Authority
Elena Carletti
Professor of Finance, Bocconi University
Member of the Advisory Scientific Committee of the ESRB and Board Member, Unicredit Spa
David Carlin
Climate Risk Lead
UNEP-FI
Stijn Claessens
Head of Financial Stability Policy
BIS
Jon Danielsson
Director of the Systemic Risk Centre
London School of Economics
Gergely Fábián
Executive Director for Financial System Analysis and Statistics
Magyar Nemzeti Bank CEO, Budapest Institute of Banking
Jan Frait
Executive Director for Financial Stability
Česká národní banka (Czech National Bank)
Gergely Gabler
Deputy CEO, Interactive Brokers Central Europe
Prasanna Gai
Professor of Macroeconomics, University of Auckland, Head of the Department of Economics, and Member of the Board, New Zealand Financial Markets Authority
Gábor Gyura
Sustainable finance consultant, Former Head of Sustainable Finance Department of MNB
Tanja Heßdörfer
Director Business Development Central Bank Digital Currency, Giesecke+Devrient
Paul Hiebert
Head of Division, SRF (Systemic Risk & Financial Institutions)
European Central Bank
Malcolm Kemp
FIA, CERA, Managing Director, Nematrian, Visiting Lecturer, Imperial College Business School, Chairperson of the Actuarial Association of Europe Risk Management Committee and Member of the ASC of the ESRB
Christoffer Kok
Head of Stress Test Experts Division
European Central Bank
Leonardo Gambacorta
Head of Innovation and the Digital Economy
BIS
David Marsh
Chairman
OMFIF
Sopnendu Mohanty
Chief Fintech Officer
Monetary Authority of Singapore
Irene Monasterolo
Professor of Climate Finance
EDHEC Business School
Ajay Rawal
Partner, EMEIA Financial Services Sector Leader
EY
Kimmo Soramäki
Founder and CEO
FNA
Javier Suarez
Professor of Finance
CEMFI
Paweł Szałamacha
Member of the Management Board
Narodowy Bank Polski
Barnabás Virág
Deputy Governor
Magyar Nemzeti Bank
Ruth Wandhöfer
Industry Expert, Board Director
Chair Payment Systems Regulator Panel (UK)
Wang Xin
Director General of the Research Bureau of the People’s Bank of China