13th ILF Conference on the Future of the Financial Sector
Bank Disintermediation - Causes and Consequences
24 January 2025
Campus Westend, Casino Building
and Online
The Institute for Law and Finance’s 13th 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 24, 2025 organized by Andreas Dombret, Patrick Kenadjian and Oliver Wünsch.
The conference will focus on the factors contributing to bank disintermediation and its consequences. There will be separate panels the effects of the growth of competition from non-bank financial institutions, the potential effects of the planned introduction of central bank digital currencies, the effects of regulatory reform, and the consequences of disintermediation for the transmission of monetary policy, staffed by distinguished senior representatives from the public and private sectors. The keynote address will be delivered by Professor Simon Johnson of MIT. The program will kick off with a discussion between Lord Hill, the father of the EU Capital Markets Union project and Lorenzo Bini Smaghi, Chairman of the Board of Directors of Société Générale, about whether the revived Capital Markets Union may prove to be a game changer.
Program
09:00 WELCOME AND INTRODUCTION
Hendrik Haag, Director, Institute for Law and Finance
Patrick Kenadjian, Senior Counsel, Davis Polk&Wardwell
09:15 DISCUSSION: Can the Capital Markets Union be a game changer?
Lord Jonathan Hill, former Commissioner of the European Union
Lorenzo Bini Smaghi, Chairman of the Board of Directors, Société Générale
Moderator:
Patrick Kenadjian, Senior Counsel, Davis Polk&Wardwell
10:00 PANEL 1: The effects of market based non-bank competition
Jens Bauer, Co-Head of Direct Lending, Permira
Barbara Navarro, Head of Research, Public Policy, and Institutional Relations, Banco Santander Group
Dirk Schmitz, Country Head for Germany, Austria and Eastern Europe, Blackrock
Andreas Tuczka, Managing Partner, Aldridge Capital
Moderator:
Andreas Dombret, former Member of the Executive Board, Deutsche Bundesbank
11:30 B R E A K
12:00 PANEL 2: The effects of central bank digital currencies
Piero Cipollone, Member of the Executive Board, European Central Bank
Karmela Holtgreve, Deputy Head, BIS Innovation Hub
Wim Mijs, CEO, European Banking Federation
Eddie Yue, Chief Executive, Hong Kong Monetary Authority
Moderator:
Jason Ekberg, Partner, Corporate and Institutional Banking, Oliver Wyman
13:15 BREAK/Lunch
14:00 KEYNOTE ADDRESS
Simon Johnson, Professor of Entrepreneurship, MIT School of
Management and Co-Chair of the CFA Systemic Risk Council
14:30 PANEL 3: The effects of regulatory reform
Charles Gray, former Deputy General Counsel, Federal Reserve Board
John Schindler, Executive Secretary, Financial Stability Board
Michael Schoch, Head of Regulatory Affairs, UBS (Invited)
Davide Taliente, Partner, Oliver Wyman
Maria E. Tsani, Head of Financial Services Public Policy & Regulatory Affairs - EMEA, Amazon Web Services
Alexander von zur Mühlen, Member of the Management Board, Deutsche Bank
Moderator:
Elke König, Former Chair, Single Resolution Board
15:45 PANEL 4: The effects on monetary policy
Stijn Claessens, Executive Fellow, Yale School of Management, Former Deputy Head of the Monetary and Economic Department, Bank for International Settlements
Imène Rahmouni-Rousseau, Director General Market Operations, European Central Bank
Nicolas Véron, Senior Fellow, Bruegel and Peterson Institute
Moderator:
Oliver Wünsch, Co-Head Central Banking Group, Oliver Wyman
17:00 END OF CONFERENCE
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Date
Friday, 24 January 2025
Time
09:00-17:00 CET
Place
Goethe-University
Campus Westend
Casino Building
Renate-von-Metzler-Saal (1st Floor)
Theodor-W.-Adorno-Platz 2
D-60323 Frankfurt am Main
Germany
and Online via LiveStream
Contact for Informations
Katja Schwidop
Tel.: +49 69 798 33754
EMail: events@ilf.uni-frankfurt.de