About the public policy panel
Session title: Bank Regulation and Crisis Management in an Era of Recurrent Crise
Venue: CEPS – Place du Congrès, 1 – 1000 Brussels The event will also be broadcast live on YouTube.
In light of the recent crisis involving Silicon Valley Bank (SVB) and Credit Suisse (CS), the robustness of the crisis management frameworks in both the US and Switzerland has come under scrutiny. The subsequent discussions have ignited calls to strengthen the banking Basel regulatory framework and to complete the European Banking Union (EBU). Notably, while two pillars of the EBU – the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) – have been established, the European Deposit Insurance System (EDIS) remains on the drawing board.
In an era marked by recurrent banking crises and the transformative impact of open finance and digital currency on traditional banking, amidst the emerging risks, it’s imperative that our approaches to bank regulation and crisis management evolve and adapt.
The invited high-level panellists, with their wealth of knowledge and expertise, will dissect past events to glean crucial lessons and discuss the potential pathways forward. This discussion is not just about understanding the intricacies of bank regulation and crisis management but also about envisioning a proactive and fortified banking system that’s prepared for the uncertainties of the future.
Sebastiano Laviola, Single Resolution Board
Delphine Reymondon, EBA
Jo Swyngedouw, National Bank of Belgium
Christian Stiefmueller, Finance Watch
Moderator: Rym Ayadi, Bayes Business School and EMEA
Sebastiano Laviola - SRB
Sebastiano Laviola is Director of Strategy and Policy Coordination joined the Single Resolution Board (SRB) in 2019, taking charge of resolution strategy and cooperation. This brief covers a range of cross-cutting issues relating to the core resolution activities (policies, standards, methodologies, financial stability) as well as the interplay with relevant stakeholders (NRAs, ECB,EC, EBA). In that capacity, he chairs the SRB Committee on Cooperation between the SRB and the NRAs.
He was previously a Central Director of Banca d’Italia, where he served since 1986. He spent most of his career in the Banking and Financial Supervision Department, dealing with analytical issues and coordinating policy on international regulation. He has been a continuous member, and chair, of international supervisory committees and working groups. In 2012, Sebastiano was seconded to the Permanent Representation of Italy to the EU in Brussels as Financial Services Attaché, where he negotiated financial services and Banking Union legislation.
Delphine Reymondon - EBA
Delphine Reymondon is the Head of Liquidity, Leverage, Loss Absorbency and Capital, European Banking Authority since 2019. From Nov 2012 – Feb 2018 she was the Head of the Capital and Asset/Liability Management (CALM) Unit at EBA, covering the following areas: Capital, Liquidity, Leverage Ratio, Large Exposures, Accounting, Audit, Consolidation, EBA Q&As and Interactive Single Rule Book, Governance and Remuneration, and Anti-money Laundering.
Previously she was working at the Banque de France / Autorité de Contrôle Prudentiel et de Résolution (ACPR) from Mar 1998 until Sep 2009. She has a Degree from the Ecole supérieure de Commerce de Montpellier (Business school).
Jo Swyngedouw - National Bank of Belgium
Jo Swyngedouw is the Deputy-director, Head of Financial Stability, AML supervision and Prudential Policy of the National Bank of Belgium. He joined the National Bank of Belgium on April 2011. He is also the alternate chairman of the EBA Board of Supervisors, since July 2018, and acting as interim Chairperson since 1 January 2019. He is alternate member of the Basel Committee on Banking Supervision (BCBS)and member of the Supervision and implementation Group of the BCBS.
Previously, from April 1990 to March 2011 he was at the Banking, Finance and Insurance Commission (CBFA), Financial supervisor in Belgium and since April 2003, he was deputy director of the Prudential Policy Division. He has a Master in Law (KU Leuven – 1987) and Master in Economics (KU Leuven – 1989.
Christian Stiefmüller - Finance Watch
Christian Stiefmüller is a Senior Adviser on financial regulation at Finance Watch, the Brussels based think tank and advocacy group representing the interests of European civil society in Finance. He is also the Managing Director of CEPA (Centre for Economics and Public Administration)
Previously a senior investment banker, Mr. Stiefmueller has over twenty years’ first-hand experience in the financial industry. He has worked at a number of major global banks, co-founded and managed two London-based Corporate Finance advisory boutiques, and served as an adviser to listed and private corporations and financial investors on a wide range of M&A, equity and debt capital markets transactions across Europe.
Mr. Stiefmueller holds graduate degrees in Law and Applied Languages from the University of Innsbruck, with a specialisation in European and international law, and a Master’s degree in Business Administration from the University of California, Berkeley. He works as an expert consultant with international organisations, such as the World Bank and the IMF, and speaks regularly at international conferences and workshops. He is the author of numerous articles, research reports, policy papers and other publications on financial regulation and international governance.
Professor Rym Ayadi
Professor Rym Ayadi is an Economist and International Expert on Inclusive and Sustainable Socio-economic Models, Financial Architecture and Stability and Sustainable Finance.
She is Professor at CASS Business School, Member of the Centre for Banking Research (CBR), City University of London, Senior Advisor at the Centre for European Policy Studies (CEPS), Chair of the European Banking Authority – Banking Stakeholders Group (EBA- BSG) and Founder and President of the Euro-Mediterranean Economists Association (EMEA).
She is also Associated Scholar at the Centre for Relationship Banking and Economics (CERBE) at LUMSA University in Rome. She is Founder and Director of the Euro-Mediterranean Network for Economic Studies (EMNES).
Rym’s fields of expertise include international financial systems, financial markets and institutions, global financial regulation and governance and socio-economic development and foresight in economies in transition.