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Exchange of views: What toolbox is needed to deal with new emerging risks?

Day 1 Afternoon

Wednesday 11 September

Room :

Fennia II - Exchange of views

Speakers

Chair
Francesco Mazzaferro
Head of the ESRB Secretariat, ECB
Discussants
Dino Falaschetti
Director, OFR
Sam Woods
Deputy Governor, Bank of England

Objectives of the session

The objective of this exchange of views is to analyse whether the existing macro and micro prudential frameworks adequately identify and mitigate emerging financial risks.

The session will also discuss whether the global regulatory and supervisory framework allow a common and effective approach on the risks posed by crypto currencies

Points of discussion

To what extent do existing macro and microprudential frameworks allow an effective identification and mitigation of emerging risks? What remains to be done at the domestic, EU and global levels to improve this identification? What additional tools might be needed to address emerging risks in the non-bank sector?

How can the present global framework achieve a common approach on the possible risks posed by crypto currencies (e.g. Libra)? What improvements are required in this area?