12th ILF Conference on the Future of the Financial Sector

Navigating higher rates, volatility and liquidity crises: Finance and Regulation in the New Monetary Order

19 January 2024
Campus Westend, Casino Building
and Online

The Institute for Law and Finance’s 12th Conference on the Future of the Financial Sector will be held on a hybrid basis on the Westend Campus of Goethe University in Frankfurt on Friday, January 19, 2024, co-chaired once again by Andreas Dombret and Patrick Kenadjian.

The topic will be “Navigating higher rates, volatility and liquidity crises: Finance and Regulation in the New Monetary Order”. The financial sector evolved strongly in response to “Low for Long” monetary policy, but while the central banks have exited “Low for Long” months ago, the financial sector is far from finished adapting to the “New Monetary Order” that is still evolving. The program will focus on lessons learned from the financial sector’s adaptation to the “Low for Long” period and the most likely scenarios and implications for the financial sector, and its regulation, in the years ahead. We are planning to organize the day around five topic clusters, how the financial sector evolved during “low for long”; how, going forward, we can expect monetary policy to evolve; what changes can we expect in regulation and supervision; how will the regulated financial sector evolve; and how will the rest of the financial world evolve.

Program, Materials & Recordings

Click on the blue links for more.



Hendrik Haag, Director, Institute for Law and Finance
Patrick Kenadjian, Senior Counsel, Davis Polk & Wardwell


Ravi Menon, former Managing Director, Monetary Authority of Singapore (Remote)

10:30 PANEL 1: How the financial sector evolved during “Low for Long” and what factors will drive future evolution

Douglas J. Elliott, Partner, Oliver Wyman
Umit Kaya, Partner, Oliver Wyman
Elizabeth McCaul, Member of the Supervisory Board, European Central Bank

Wim Mijs, Chief Executive Officer, European Banking Federation

Paper: Navigating The New Monetary Order - The State Of Financial Services US Perspective 2023 By Douglas J. Elliott and Umit Kaya

11:15 BREAK

11:45 PANEL 2: How will monetary policy evolve

Pierre Cailleteau, Head Sovereign Advisory Group, Lazard Frères, Paris
Gaston Gelos, Deputy Head of the Monetary and Economic Department and Head of Financial Stability Policy, Bank for International Settlements
Martin Mühleisen, Senior Fellow, Atlantic Council, former head of the Strategy and Policy Department, International Monetary Fund (Remote)
Volker Wieland, Professor, Institute for Monetary & Financial Stability, Goethe University (Remote)

Oliver Wünsch, Partner, Oliver Wyman

Paper: Navigating The New Monetary Order In Europe - The State Of Financial Services European Perspective 2024 by Oliver Wuensch, Dominik Weh, Maria Jardim Fernandes, Theo Davoine, and Mikko Toukkari

12:30 PANEL 3: How should regulation and supervision change

Nathalie Aufauvre, Secretary General, Autorité de contrôle prudentiel et de resolution (Remote)
Margarita Delgado, Deputy Governor, Banco de Espaňa (Remote)
Martin J. Gruenberg, Chair, Federal Deposit Insurance Corporation (Remote)
Randal K. Quarles, Chairman, Cynosure Partners and former Vice Chair for Supervision, Board of Governors of the Federal Reserve System (Remote)
Maria E. Tsani, Head of Financial Services Public Policy & Regulatory Affairs - EMEA, Amazon Web Services

Elke König, Former Chair, Single Resolution Board



Lorenzo Bini Smaghi, Chairman of the Board of Directors, Société Générale

        Keynote Text

14:45 PANEL 4: How will the banking sector evolve

James von Moltke, President and Chief Financial Officer, Deutsche Bank
Pietro Carlo Padoan, Chairman of the Board, UniCredit (Remote)
Christiana Riley, Regional Head of North America, Banco Santander (Remote)
Britta Schmidt, Senior Analyst, Autonomous Research

Andreas Dombret, Global Senior Advisor, Oliver Wyman, former Member of the Management Board, Deutsche Bundesbank


16:00 PANEL 5: How will the nonbank financial sector evolve

Adam Farkas, Chief Executive Officer, AFME
Kristin N. Johnson, Commissioner, US Commodity Futures Trading Commission (Remote)
Martin Moloney, Secretary General, IOSCO (Remote)
Barbara Novick, Co-Founder and Former Vice Chair, BlackRock (Remote)

Patrick Kenadjian, Senior Counsel, Davis Polk & Wardwell


Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science, University of California, Berkeley (Remote)

Knowledge Partner

Supported by

Friday, 19 January 2024

10:00-17:00 CET

Campus Westend
Casino Building
Renate-von-Metzler-Saal (1st Floor)

Theodor-W.-Adorno-Platz 2
D-60323 Frankfurt am Main

and Online via LiveStream

Contact for Informations
Cosima Liedke
Tel.: +49 69 798 33754

EMail: events@ilf.uni-frankfurt.de