2010

Már Guðmundsson, Governor, Central Bank of Iceland
“Lessons from the Financial Crisis in Iceland”

Slides (PDF)

In his presentation on "Lessons from the Financial Crisis in Iceland" the Governor of the Central Bank of Iceland treated the build-up of macroeconomic imbalances, the rise of the cross-border banks, the crisis and its management, and the policy responses. After having a look at the recession and the stabilisation and recovery he concluded with the lessons to be learned: It is essential to habe macroprudential regulation and supervision with central banks in the driving seats. Microprudential supervision should be moved closer to or back into central banks, especially in small open economies.

Prof. Dr. Hans Tietmeyer, Deutsche Bundesbank
“The Werner Report at 40”

Speech (PDF)

The Werner Report, which contains the first plan for the achievement of monetary union in Europe, was presented in October 1970. To celebrate this, and to reflect on the report and its relevance today, Prof. Dr. Hans Tietmeyer, former President of the Deutsche Bundesbank, gave a talk on "The Werner Report at 40".

Jean-Claude Trichet, President of the European Central Bank, who also accepted the invitation as a speaker at this event, attended the dinner following the lecture.