Past Event

European Banking Union

NCMF is organising a seminar on the European Banking Union. The seminar is co-hosted by the Bank of Finland.

The Banking Union is a major pillar of the regulatory actions taken by the European Commission after the financial crisis. In addition to the ‘single rulebook’ which sets out the common rules which all financial institutions in the EU must comply with, the single supervisory mechanism has made the European Central Bank (ECB) directly responsible as the central prudential supervisor of financial institutions in the euro area and in those non-euro EU countries that elect to join the single supervisory mechanism. Further, the single restructuring and resolution regime ensuring that financial institutions which face serious difficulties are resolved effectively with minimal costs, will affect not only credit institutions and supervisors in the euro area, but also financial institutions in non-euro EU countries, as competent authorities in such countries may choose to participate under close cooperation with the ECB. These three key elements of the Banking Union; a single rulebook, single supervision and single resolution, represent an unprecedented transfer of power from national financial regulators across the EU to the ECB.

What does this mean for the European financial system, supervisory authorities and financial institutions? What are the economic and legal shortcomings of the Banking Union? How do the initiatives affect financial institutions operating outside the euro area? We have invited the following high-calibre speakers to discuss the impact of European Banking Union:

Pentti Hakkarainen, Deputy Governor, Bank of Finland

Jukka Vesala, Head, Directorate General Micro-Prudential Supervision III, European Central Bank

Jyri Helenius, Head of Department, Finnish Financial Supervisory Authority

Søren Dahlgaard, Head of Group RRP, Nordea Group Risk Management

Ingvar Linse, Head of Regulatory Coordination, Swedbank

Agenda

12.00

REGISTRATION

12.30

WELCOME BY NORDIC CAPITAL MARKETS FORUM

Anna von Knorring, NCMF Board Member

12.30

OPENING REMARKS

Pentti Hakkarainen, Deputy Governor, Bank of Finland

12.45

KEYNOTE SPEECH: SSM SUPERVISION HAS GONE LIVE: GOALS AND PRIORITIES

Jukka Vesala, Director General, DG Micro-Prudential Supervision III, European Central Bank

13.30

THE ROLE OF NATIONAL SUPERVISION IN THE NEW SUPERVISORY REGIME

Jyri Helenius, Head of Department, Prudential Supervision, FIN-FSA

14.15

COFFEE BREAK

14.45

RECOVERY PLANNING FOR A G-SIFI BANK – NORDEA’S PERSPECTIVE

Søren Dahlgaard, Head of Group RRP, Nordea Group Risk Management

15.30

SWEDISH BANKS AND SSM

Ingvar Linse, Head of Regulatory Coordination, Swedbank

16.00

CONCLUDING REMARKS FOLLOWED BY DRINKS RECEPTION

Directions

The Bank of Finland Museum, next door to the Financial Supervisory Authority and the Bank of Finland, in the foundations of the Cathedral.

Questions

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