The ILF together with the Konrad-Adenauer-Stiftung hosted a two-part seminar on the future of the international financial system and the consequences of the financial crisis for Germany at the ILF with experts and practitioners from law firms and consulting firms, banks, the Federal Financial Supervisory Authority (BaFin) and the Federal Ministry of Finance (Bundesministerium der Finanzen) from 6 to 10 March 2017.
The opening remarks for the first part of the seminar "Die Zukunft des internationalen Finanzsystems", mainly aimed at students with a business background, were given by Dr. Rolf Friedewald (Institute for Law and Finance) and Ms. Elvira Giebel-Felten (Konrad-Adenauer-Stiftung).
Mr. Fabian Heide, scholarship holder of the Konrad-Adenauer-Stiftung, delivered an introduction to the basic concepts of finance before Mr. 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 (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 second day of the seminar dedicated to the main topic "Zukunft des Bankensystems" started with the presentation "Digitalisierung – Zukunft des Bankings" by Raphael Pfältzer (Boston Consulting Group) and included the case study "Digital in Banking".
After a lunch break, Ms. Lucia Idt (Bundesministerium der Finanzen) spoke about "Europäische Schutz- und Rettungsschirme: Stabilitätsmechanismen für die Euro-Währungsgemeinschaft". The speech was followed by a discussion involving questions raised by the participating students.
The second part of the one week seminar "Folgen der Weltfinanzkrise für den Standort Deutschland" from 8 to 10 March 2017, aimed at law students, started with a joint program for both student groups.
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 a panel discussion which consisted of the speakers Dr. Matthias Grund (K&L Gates), Mr. Philipp Melzer (CMS) and Prof. Dr. Stefan Reinhart (FPS).
The day ended with a field trip to the Deutsche Bundesbank where the participants attended the lecture "Die Geldpolitik des Eurosystem" by Dr. Stephan Kohns (Deutsche Bundesbank) and visited the newly opened "Geldmuseum".
The following day began with the lecture "Neue Finanzinstrumente in der Anlagenberatung – Antworten der Rechtsprechung und des Gesetzgebers in der Finanzkrise" by Prof. Dr. Stefan Reinhart (FPS Rechtsänwälte & Notare).
After a lunch break, Dr. Markus Pfaff and Mr. Philipp Melzer (CMS Hasche Sigle) gave insights into the use of procedures in dealing with bank insolvencies in their lecture "Insolvenz einer Investmentbank – was nun?". During and after the lectures, the participants were also able to raise questions and state their viewpoints on the issues discussed.
The day was closed with a reception in the Faculty Lounge where the representatives of the participating law firms and the students where able to mingle and network.
On the last day of the seminar, Dr. Matthias Grund (K&L Gates) together with his colleagues Dr. Bastian Bongertz and Mr. Dominik Pauly held the lecture "Finanzierung nach Bankenkrise – Trends und Instrumente in der rechtlichen Beratungspraxis" which also included two case studies about private debt.
