The BIS's Financial Stability Institute (FSI) celebrated its 20th anniversary with 259 guests from 78 institutions at a special conference consisting of six panels and two keynote/special addresses. Speakers included current and former Governors of central banks, heads of supervisory authorities, chairs of international regulatory forums and senior officials from the public and private sectors.
"The FSI is an important part of the BIS agenda. Over the past decades, the BIS has had to reinvent itself several times in order to continue meeting the needs of central banks and financial sector authorities worldwide. A significant example of this was the creation of the FSI 20 years ago with the mandate to assist central banks and supervisors in improving and strengthening their financial systems. Today, that mandate remains valid, and the FSI will continue to provide critical support to the BIS's core mission of serving central banks in their pursuit of financial stability." - Agustín Carstens
"Over the last 20 years, the FSI has contributed significantly to capacity-building of financial sector authorities, having organised around 850 events in more than 105 countries for over 33,000 participants. The FSI's online learning tool, FSI Connect, now offers over 420 tutorials to more than 10,000 users in 290 authorities worldwide. Since I took over at the FSI in 2017, 15 FSI Insights on policy implementation have been published, covering regulatory approaches and supervisory practices. Going forward, the FSI will continue to evolve to meet the demands of its key stakeholders, focusing particularly on technology, crisis management and online courses." - Fernando Restoy
Sessions
The panels covered topics relating to supervisory frameworks, global banking regulation, climate change, corporate governance, technology and crisis management. Each panel discussed two specific questions, and the audience was polled on two questions.
Special address: Regulation, technology and shadow banks: a decade after Lehman
Amit Seru (Steven and Roberta Denning Professor of Finance, Stanford Graduate School of Business)
Slides
Keynote address: Have we fixed the fractures in the global financial system revealed by the financial crisis?
Howard Davies (Chairman, Royal Bank of Scotland)
Speech and slides
Panel I: The reconstructed supervisory framework - have we got the pieces right?
Chair: L Kganyago (Governor, South African Reserve Bank)
Panellists: W Dudley (former President, Federal Reserve Bank of New York), A Enria (Chair of the Supervisory Board, ECB), P Lowe (Governor, Reserve Bank of Australia), M Marcel (Governor, Central Bank of Chile), I Visco (Governor, Bank of Italy)
Panel II: Basel I, II, III - evolution of global banking regulation
Chair: S Ingves (Governor, Sveriges Riksbank)
Panellists: S Lautenschläger (Member of the Executive Board, ECB), N Wellink (former President, Netherlands Bank), N S Mohd Yunus (Governor, Central Bank of Malaysia)
Panel III: Climate change and the financial system
Chair: L A Pereira da Silva (Deputy General Manager, BIS)
Panellists: A Díaz de León Carrillo (Governor, Bank of Mexico), F Elderson (Chair, Central Banks and Supervisors Network for Greening the Financial System and Executive Director, Netherlands Bank), P Raaflaub (Group Chief Risk Officer, Swiss Re), G Summerhayes (Chair, Sustainable Insurance Forum and Executive Board Member, Australian Prudential Regulation Authority)
Panel IV: People matters - governance of financial institutions
Chair: K Knot (President, Netherlands Bank)
Panellists: J Dickson (Member of the Board of Directors, Dubai Financial Services Authority), M Greco (Group Chief Executive Officer, Zurich Insurance Group), M Kono (Deputy Secretary-General, Organisation for Economic Co-operation and Development), J Viñals (Group Chairman, Standard Chartered Bank), S Woods (Chief Executive Officer, Prudential Regulation Authority, Bank of England)
Panel V: Technology - friend or foe?
Chair: Y Mersch (Member of the Executive Board, ECB)
Panellists: F Hufeld (President, Federal Financial Supervisory Authority, Germany), S Mohanty (Chief Financial Technology Officer, Monetary Authority of Singapore), A Niknam (Chief Executive Officer, bunq), C Pazarbasioglu (Vice President, Equitable Growth, Finance and Institutions, World Bank)
Panel VI: Resolution and crisis management tools - How to ensure a smooth landing?
Chair: F Restoy (Chairman, FSI, BIS)
Panellists: M Branson (Chair, Financial Stability Board Resolution Steering Group and Chief Executive Officer, Swiss Financial Market Supervisory Authority), J M Campa (Global Head of Regulatory Affairs, Banco Santander), L Javier (Managing Director, Bangko Sentral ng Pilipinas), A Murton (Deputy to the Chairman, Federal Deposit Insurance Corporation)
