The conference topic relates to the new supervisory architecture in the Euro area (the Single Supervisory Mechanism as the first pillar of a European Banking Union). The European Central Bank will take over the direct supervision of big European banks beginning November and has been conducting an asset quality review in combination with stresstests. The outcome of the Comprehensive Assessment will have far reaching implications, as regards financial stability, credibility of the ECB, economic recovery in EU member states as well as on burden sharing in absence of a workable resolution mechanism and common backstop arrangements. We will also shed light on limits of a common supervision in the EU, tackling political issues and constraints in shaping a workable Banking Union. We will end with a panel on the future of the financial system and unfinished reforms debating also constituents of a fair financial order in the EU.
We will discuss these topics intensely, with a public interest and scientific stance. In the discussions we bring together regulators, politicians, scientists, organizations and industry experts. We think that having a public debate on these issues is very reasonable and also necessary.
BearingPoint is premium sponsor of this conference.
Further information please find here: http://financial-stability.org/event/30-oct-2014/