Thursday, October 22, 2015

Opening Remarks, Liviu Voinea, Deputy Governor, National Bank of Romania

Opening Session

• Moderator: Liviu Voinea, Deputy Governor, NBR
• Key Speaker: Francesco Mazzaferro, Head of Secretariat, European Systemic Risk Board
• Key Speaker: Macroeconomic Outlook and Risks for the Region and Romania, Andrea Schaechter, Head of Division, European Department, IMF

Panel 1: Macroprudential policy framework

• Moderator: Eugen Rădulescu, Director, Financial Stability Department, NBR
• Key Speaker: Macroprudential Policy and Frameworks – the View from the IMF, Erlend Nier, Deputy Division Chief, Monetary and Capital Market Department, IMF
• Panelists:
  • Addressing the leakages of macroprudential policy, Horațiu Lovin, Advisor to Deputy Governor, NBR
  • Exploring interactions between financial sector and real economy in Romania: A DSGE approach, Alexie Alupoaiei, Senior Economist, Financial Stability Department, NBR

Panel 2: Identifying and measuring systemic risk

• Moderator: Vahram Stepanyan, Economist, European Department, IMF
• Key Speaker: Identifying and measuring systemic risk, Ulrich Krüger, Head of Section, Macroprudential Database/Policy Issues, Financial Stability Department, Deutsche Bundesbank
• Panelists:
  • Identification of systemic risk in National Bank of Moldova, Olga Homina, Head of Section, Banking Regulation and Supervision Department, National Bank of Moldova
  • Coping with unsustainable lending, Irina Mihai, Head of Division, Financial Stability Department, NBR

Panel 3: Using the macroprudential instruments to reach the macroprudential policy intermediate objectives

• Moderator: Guillermo Tolosa, Resident Representative, Regional Office for Romania and Bulgaria, IMF
• Key Speaker: Using the macroprudential instruments: Issues and Challenges, Damodaran Krishnamurti, Lead Financial Sector Specialist Finance & Markets Global Practice, World Bank
• Panelists:
  • What about banks’ human resources? A potential macroprudential perspective, Florian Neagu, Deputy Director, Financial Stability Department, NBR
  • Are expatriates managing banks’ CEE subsidiaries more risk takers?, Ana-Maria Cazacu, Economist, Financial Stability Department, NBR

Panel 4: Using the macro-prudential instruments to reach the macroprudential policy intermediate objectives: Country experiences

• Moderator: Florian Neagu, Deputy Director, Financial Stability Department, NBR
• Key Speaker: Using the macro-prudential instruments to reach the macro-prudential policy intermediate objectives: Country experiences, Inci Otker-Robe, Regional Advisor, Monetary and Capital Market Department, IMF
• Panelists:
  • Using the macroprudential measures and instruments: Case of Serbia, Ana Ivkovic, General Manager, Financial Stability Department, National Bank of Serbia
  • Implementing Loan-to-Value and Debt service-to-Income measures: A decade of Romanian experience, Luminița Tatarici, Senior Economist, Financial Stability Department, NBR

Friday, October 23, 2015

Panel 5: Instruments and tools for macroprudential policy

• Moderator: Liviu Voinea, Deputy Governor, NBR
• Key Speaker: Macroprudential policy: Historical perspectives and an overview of recent policy experiences, Turalay Kenç, Deputy Governor, Central Bank of Republic of Turkey
• Panelists:
  • Adjustments in the balance sheets – is it normal this “new normal”?, Florin Dragu, Economist, Financial Stability Department, NBR
  • Using surveys to identify credit market conditions and systemic risk, Elena Banu, Economist, Financial Stability Department, NBR

Panel 6: Using the macroprudential capital buffers

• Moderator: Eugen Rădulescu, Director, Financial Stability Department, NBR
• Key Speaker: Macroprudential policy, from theory to practice, Paul Hilbers, Director, Financial Stability Division, De Nederlandsche Bank
• Panelists:
  • Financial deepening and “start point bias” – Calculating credit gap in transition countries, Miklós Sallay, Consultant, Macroprudential Methodology Department, Magyar Nemzeti Bank
  • Romania’s approach to the implementation of macroprudential capital buffers, Alina Bîrțoiu, Economist, Financial Stability Department, NBR

Panel 7: Dealing with shadow banking

• Moderator: Daniel Dăianu, Member of the Board, NBR
• Key Speaker: Financial Stability Risk in the Shadow Banking Sector: How concerned should we be?, Carsten Detken, Head of Division, Financial Stability Surveillance, European Central Bank
• Panelists:
  • Shadow banking and macroprudential policy, Matei Kubinschi, Economist, Financial Stability Department, NBR

Panel 8: Macroprudential policies - Addressing vulnerabilities stemming from the lending activity

• Moderator: Vlad Barnaure, Economist, Regional Office for Romania and Bulgaria, IMF
• Key Speaker: Housing Credit and Macro-prudential policy in Israel, Michael Kahn, Director, Finance Division, Research Department, Bank of Israel
• Panelists:
  • Partial credit euroization in a DSGE Model Estimated for Romania, Mihai Copaciu, Adviser, Macroeconomic Modelling and Forecasting Department, NBR
  • Liquidity instruments for macro-prudential purposes, Gabriel Gaiduchevici, Senior Economist, Financial Stability Department, NBR

Closing Remarks by NBR and IMF