CEPS High-Level Finance Round Table: Drawing Lessons from EU Member States’ Experiences in Bank Resolution

27 November, 2013 - CEPS Conference Room, 1, Place du Congrès 1000 Brussels, BELGIUM

The last remaining element in the EU’s response to the banking crisis in the eurozone is a harmonised framework for bank resolution. Following the resolution and recovery Directive (RRD), on which discussions are well advanced, a single resolution mechanism (SRM) was proposed by the European Commission in July. An SRM is seen as a necessary component for a well-functioning banking union.

In the meantime, several EU member states, including the UK, Ireland, Spain, Denmark and the Netherlands, have established their own national approaches to bank resolution. This raises the question whether these countries will be willing to give up their newly established systems for a European one? And will non-euro area member countries still be willing to subscribe to the SSM if they also have to join an SRM (in whatever form it eventually may take)? Many other elements of the proposed SRM and RRD also remain contentious.

The purpose of the High-Level Finance Round Table on banking resolution is to compare and learn from individual country experiences and discuss what lessons can be applied to the ongoing trilogue on the RRD, and for the SRM.

Programme (draft)

09:00 Registration & Coffee

09:15 Welcome: Daniel Gros, Director, CEPS

09:20 Session 1: Experiences with Bank Resolution in EU Member States

Speakers

• Henrik Bjerre-Nielsen, Chief Executive Officer, Finansiel Stabilitet A/S

• Andrew Gracie, Director, Special Resolution Unit, Bank of England

• Aerdt Houben, Director, Financial Stability Division, De Nederlandsche Bank (DNB)

10:30 Session 2: Impact on Industry, the Economy and Society

Speakers

• Stefano Micossi, Director General, Assonime

• Achim Dübel, Chief Executive Officer, Finpolconsult

• Hans-Dieter Holtzmann, Head of EU Representation, Deutsche Bank

11:30 Coffee break 

11:45 Session 3: State of Play in the Legislative Process

Speakers

• Gert Jan Koopman, Deputy Director-General for State Aid, DG Competition, European Commission

• Emiliano Tornese, DG MARKT, European Commission

• Elisa Ferreira*, Member of the European Parliament, S&D Group/PS (Rapporteur SRM)

• Gunnar Hökmark*, Member of the European Parliament, EPP Group/M (Rapporteur RRD)

• Fabio Recine, Principal Financial Stability Expert, European Central Bank

13:15 Lunch and end of meeting 

Chair: Karel Lannoo, CEO, CEPS

Registration fee

• CEPS/ECMI/ECRI member: 249€ (excl. 21% VAT & paypal fee);

• Non-member: 499€ (excl. 21% VAT & paypal fee);

• EU official: free of charge.