The COVID-19 health emergency and the lockdown measures to respond to it are deeply affecting the economy and the banking sector. Access to capital markets is becoming more difficult, foreclosures and non-performing exposures are increasing. Banks have started to apply moratoria to family and small firms in difficulties and other measures to contain losses. The banking regulatory package is expected to provide banks with the necessary flexibility to continue supporting the economy. Is this sufficient? Does it entail risks for financial stability? What needs to be done to sustain the recovery? When return to (a new) normal can be envisaged?
Speakers
Jose Manuel Campa: Chairperson of the European Banking Authority (EBA)
Rym Ayadi: Professor at CASS Business School, Chair of Banking Stakeholder Group of EBA and Senior Advisor at CEPS
Elena Carletti: Professor of Finance, Bocconi University, Scientific Director of the Florence School of Banking and Finance at the European University Institute (EUI), and a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB)
Moderator
Daniel Gros, Director of CEPS
INTRUCTIONS
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