Seminar with Konrad-Adenauer-Stiftung from 19 to 21 February 2018

26.02.2018

The ILF together with the Konrad-Adenauer-Stiftung (KAS) hosted a seminar on the future of the international financial system at the ILF with experts and practitioners from law firms, the German Central Bank (Deutsche Bundesbank), the European Central Bank (ECB), the Federal Financial Supervisory Authority (BaFin) and the Federal Ministry of Finance (Bundesministerium der Finanzen) from 19 to 21 February 2018.

The opening remarks for the first part of the seminar "Die Zukunft des internationalen Finanzsystems" were given by Elvira Giebel-Felten (KAS) and Heidi Quoika (ILF).

Fabian Heide, a KAS scholarship holder, delivered an introduction to the basic concepts of finance before Peter Kruschel (BaFin) talked about the importance of banking industry regulation and the challenges for banks considered "too big to fail" after the crisis in his speech "Bankenregulierung nach der Krise".

Subsequently, Dr. Andreas Wieland and Dr. Dennis Heuer (White & Case) focused on the legislative reactions in the aftermath of the financial crisis in his presentation "Gesetzgeberische Reaktionen auf die Finanzkrise in der Bankenaufsicht".

The day was closed with a reception at the Faculty Lounge where the representatives of the participating law firms and the students were able to mingle and network.

On the second day of the seminar, Dr. Matthias Grund (K&L Gates) together with his colleague Dr. Bastian Bongertz held the lecture "Finanzierung nach Bankenkrise - Trends und Instrumente in der rechtlichen Beratungspraxis" which also included two case studies about private debt.

After a lunch break, the students were split into two groups. Dr. Markus Pfaff and Dr. Charlotte Louise Schildt (CMS Hasche Sigle) gave insights into the use of procedures in dealing with bank insolvencies in their lecture "Insolvenz einer Investmentbank – was nun?" aimed at students with legal backgrounds. Ms. Lucia Idt (Bundesministerium der Finanzen) spoke to the students with mainly business backgrounds about "Europäische Schutz- und Rettungsschirme: Einblicke in die Arbeitsweise und die Einbindung des Bundestages". During and after the lectures, the participants were able to raise questions and state their viewpoints on the issues discussed.

On the last day of the seminar, Dr. Lutz Raettig (Morgan Stanley) shared his views on the causes of the financial crisis in his speech "Ursachen der Finanzkrise". His speech was followed by Dr. Markus Schmidt (Deutsche Bundesbank) who talked about "Der Brexit aus bankaufsichtlicher Perspektive".

The day was closed with a field trip to the European Central Bank where the participants attended a lecture on "Die Rolle und die Aktivitäten der EZB, mit Hinweisen auf mögliche Brexit-Folgen" by Dr. Arne Gieseck (ECB) and visited the exhibition at the ECB’s Visitor Center