Banking Union: Next Steps On A Path of Collective Discovery
25 February 2016 4:00 pm CET
Nicolas Véron, Bruegel, Brussels and Peterson Institute for International Economics, Washington DC
Venue
wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (ground floor)
Description
The first phase of Europe’s banking union is now fully operational, with the Single Supervisory Mechanism in place since November 2014 and the Single Resolution Mechanism since January 2016. But many new issues have been raised, both on the functioning of the current system and on further legislative and institutional reform. The seminar will be an opportunity to take stock of the latest developments in this momentous policy sequence, and to debate what comes next.
Nicolas Véron cofounded Bruegel in 2002-05, joined the Peterson Institute for International Economics in 2009, and is currently employed on equal terms by both organizations. His research is primarily about financial systems and financial services policy, on which he has published widely since 2002. He has been a witness at numerous parliamentary hearings in the US Senate, European Parliament, and in several European member states; a financial policy expert for the European Commission and Court of Auditors; and a consultant to the International Monetary Fund and World Bank. He is also an independent board member of the global derivatives trade repository arm of DTCC, a financial infrastructure company that operates on a non-profit basis. A graduate of France’s Ecole Polytechnique and Ecole des Mines, his earlier experience includes senior positions in the French government and private sector in the 1990s and early 2000s. In September 2012, Bloomberg Markets included Véron in its yearly global “50 Most Influential” list, with reference to his early advocacy of European banking union.