Opening remarks:
- Klaas Knot (Governor, De Nederlandsche Bank)
Session 1 - Recent developments in Central Bank and Governance
- Mr Dong He (IMF, deputy director MCM)
- Mr Mugur Isărescu (Governor, National Bank of Romania)
Issues to be discussed:
Most recent vision from IMF. Which are the main challenges these days for the governance of central banks as monetary authorities? The importance of external and internal governance. Decision‐making. Combining MP and supervisory (and resolution) tasks. Practical examples. Lessons. Principles.
Session 2 - Accountability and transparency as core drivers for effective financial supervision
- Mr Charles Taylor (former OCC, BCBS)
- Mr Boris Vujčić (Governor, Croatian National Bank)
Issues to be discussed:
What are the core drivers for effective supervision? Can accountability and transparency help supervisors to strengthen their willingness to act and to deliver sound supervisory outcomes? Could it also help counter institutional capture (i.e., supervisors being too close to the institutions they supervise)? Does this work in the same way in financially advanced economies and emerging economies, or are there differences?
Session 3 - The importance of board effectiveness – for banks and central banks
- Jan Smets (Governor, National Bank of Belgium)
- Mr Frank Elderson (Executive director, De Nederlandsche Bank)
Issues to be discussed:
Board room dynamics. The use of external and self‐evaluations. The role of supervisors in supervising governance of banks. Central bank governance.
Closing remarks