Much Money, Little Capital, and Few Reforms: The 2023 Banking Turmoil

Join us in Frankfurt for the launch event of the next Geneva Report, which will be published on the 11th September 2024. Authors Ignazio Angeloni and Stijn Claessens will present the key findings of the 2024 Geneva Report: "Much Money, Little Capital, and Few Reforms”, which will be followed by comments from Katrin Assenmacher and an open discussion. The session will be introduced and moderated by Sascha Steffen.

The report highlights that despite much post-global financial crisis reform, large funding vulnerabilities emerged due to expansionary monetary policies, particularly in the U.S. As interest rates rose, these fragilities triggered solvency concerns and led to large liquidity withdrawals last year. These fragilities persist due to incomplete regulations. Structural inefficiencies in banking systems remain significant, notably in Europe, with many banks lowly valued. And globally the resolution regime for systemic banks proved to be inadequate. To address these challenges, the report calls for more integrated economic and financial stability policies, improved supervisory powers and coordination, and more robust recovery and resolution regimes.

This is an in person event. Registration is required.

Timings are in CEST. Registration will open from 10h00.
10h30 - 11h15 - Report Presentation and Discussion
11h15 - 11h45 - Open discussion and Q&A
11h45 - 12h30 - lunch

With:
Sascha Steffen (Frankfurt School of Finance & Management and Research Fellow, CEPR)
Ignazio Angeloni (European University Institute, SAFE and RPN member, CEPR)
Stijn Claessens (Yale School of Management and Research Fellow, CEPR)
Katrin Assenmacher (European Central Bank and RPN Member, CEPR)