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Dear SUERF Member,
We are delighted to invite you to join us on
Wednesday, 25 May 2022, for a SUERF-BAFFI Bocconi e-lecture:
“Key takeaways from
the ECB’s new Financial Stability Review”
with John Fell and Tamarah Shakir, ECB;
Stefan Avdjiev, BIS; Patrick Darlap, FMA; and Ranjit Singh, IMF. The e-lecture will be moderated by Ernest Gnan,
OeNB I SUERF.
Motivation
Energy and commodity price shocks, amplified by the Russian invasion of Ukraine, have weakened the post-pandemic economic recovery both in the euro area and globally. Euro area sovereigns,
corporates and households, after just having weathered the challenges from the pandemic, are facing new pressures that could test debt sustainability for the more highly indebted groups. While banks have shown striking resilience to the pandemic shock, the
probability of credit and interest rate risks materializing has increased. Market functioning has been largely orderly during recent volatility – what are the risks of further corrections? Non-banks, while having been effectively shielded from the pandemic,
are now exposed to duration, credit, and liquidity risks – what might the global normalization of monetary policies amid an economic slowdown imply?
These are among the topics addressed in this e-lecture where the ECB is going to present its latest Financial Stability Review. Participants are encouraged to actively engage in the discussion, ask questions and bring in their own views.
The
Financial Stability Review provides an overview of potential risks to financial stability in the euro area. It aims to promote awareness
in the financial industry and among the public of euro area financial stability issues. It is published twice a year, with the
next release date set to 25 May 2022.
Speakers
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Ernest Gnan
Head, Monetary Policy Section, OeNB SUERF Secretary General
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John Fell
Deputy Director General,
Macroprudential Policy and Financial Stability, ECB
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Tamarah Shakir
Deputy Head,
Systemic Risks and Financial Institutions Division, ECB
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Stefan Avdjiev
Adviser,
Financial Stability, Monetary and Economic Department, BIS
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Patrick Darlap
Head of Division, Integrated Financial Markets, Austrian Financial Market Authority (FMA)
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Ranjit Singh
Assistant Director, Global Financial Stability, IMF
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Feel free to share this invitation with colleagues who might be interested to attend!
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We look forward to your participation!
Upcoming Event
35th SUERF Colloquium and 49th OeNB Economic Conference:
“The Return of Inflation”
Monday, 23 May 2022: 13:30-17:45 CET | Tuesday, 24 May 2022: 09:00-17:15 CET
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