Program

8:15 – 8:45

Registration and Coffee

8:45 – 8:50

Welcome
Volker Wieland (Institute for Monetary and Financial Stability & Center for Financial Studies)

8:50 – 9:30

President's Address
Mario Draghi
(President of the European Central Bank)

9:30 – 10:30

Debate: What Is the Appropriate Regulatory Structure for Managing Systemic Risk in the Banking Sector? What are the most important Challenges for the EU in this regard?

Chair: Jan Krahnen (Center for Financial Studies)

Speakers:

John Vickers (Oxford University)
José Campa (IESE, University of Navarra)

Lead questions:

Beatrice Weder di Mauro (University of Mainz)

10:30 – 11:00 Coffee Break

11:00 – 12:30

Debate: ECB Liquidity Provision in Stressful Times: Has It Been Insufficient, Appropriate or Excessive? Has the ECB Dealt Effectively with the Challenges It Faces in A Heterogeneous Monetary Union?

Chair: Michael Binder (Center for Financial Studies)

Speakers:

Peter Praet (European Central Bank)
Lucrezia Reichlin (London Business School)
Willem Buiter (Citi Investment Research & Analysis)

Lead questions:

Manfred Neumann (University of Bonn)
Luigi Buttiglione (Brevan Howard Asset Management)

12:30 – 14:00

Lunch

14:00 – 14:40

Speech: Divergences and Adjustment in the Euro Area

Chair: Volker Wieland (Institute for Monetary and Financial Stability & Center for Financial Studies)

Speaker:

Vítor Gaspar (State Minister of Finance, Portugal)

Lead questions:

Gertrude Tumpel-Gugerell (formerly Member of the Board, ECB)
Ulrich Kater (Dekabank)

14:40 – 16:10

Debate: Euro Area Governance: Are the Reform of the Fiscal Framework and National Consolidation Efforts Effective in Containing the Sovereign Debt Crisis? Is the Burden-Sharing Between Monetary and Fiscal Authorities Appropriate, or has the ECB Ventured Too Far into the Fiscal Domain? Does the Euro Zone Suffer from a Balance-of-Payments Crisis?

Chair: Michael Binder (Center for Financial Studies)

Speakers:

Lucio Pench (European Commission)
Hans-Werner Sinn (CESifo, University of Munich)
Stefan Gerlach (Central Bank of Ireland)

Lead questions:

Julian Callow (Barclays Capital)
David Marsh (OMFIF)
Michael Melvin (Blackrock)
Helmut Siekmann (Institute for Monetary and Financial Stability)