The Leibniz Institute for Financial Research SAFE and the Centre for Economic Policy Research (CEPR) Research Policy Network (RPN) on European Financial Architecture (EFA), organizes and cordially invites you to attend a web seminar on
Financial Resilience after SVB: Reforming Deposit Insurance and the Lender of Last Resort
Registration (organized by the CEPR)
Moderator: Jan Pieter Krahnen
Founding Director emeritus, Leibniz Institute for Financial Research SAFE
Fellow, CEPR & Co-Leader, EFA RPN
Presenter: Stephen Cecchetti
Rosen Family Chair in International Finance,
Brandeis International Business School & Fellow, CEPR
Professor of Finance, Bayes Business School & Fellow, CEPR
Financial market expert, who previously held C-suite positions at Deutsche Bank, Lombard Odier, and Deutsche Börse
to be held on Friday, 17 November 2023
2:00 p.m. - 3:00 p.m. CET via Zoom
The regulatory reforms that followed the financial crisis of 2007-09 created a financial system that is far more resilient than the one we had 15 years ago. Yet, the events of March 2023 revealed systemic deficiencies. Addressing these requires reforms. In this discussion, we will focus on two: the need to restructure existing deposit insurance systems and the desirability of modifying the lender of last resort.
Based on the NYU Stern White Paper and CEPR Rapid Response Economics: SVB and Beyond: The Banking Stress of 2023 (edited by Viral Acharya Matthew P Richardson Kermit L. Schoenholtz Bruce Tuckman)'s Chapter 8: Revisiting the Design of Deposit Insurance (Stephen Cecchetti, Thomas Philippon, Kermit L. Schoenholtz & Lawrence J. White) & Chapter 9: The FHLB Role in the SVB and Related Debacles (Stephen Cecchetti, Kermit L. Schoenholtz & Lawrence J. White).
The policy web seminar is a part of the SAFE-CEPR European Financial Architecture Research Policy Network.