Opening Remarks by the NBR - Cristian Popa, Deputy Governor, NBR

Opening Remarks by the IMF/MCMD - Jacek Osinski, Advisor, IMF Monetary and Capital Markets Department

• Session 1.1: Sovereign debt crisis, capital flows and deleveraging, Bojan Markovic, Former Vice Governor, National Bank of Serbia; Heiko Hesse, Monetary and Capital Markets Department, IMF
  •   Sovereign Debt Crisis, Capital Flows and Deleveraging, Heiko Hesse, Monetary and Capital Markets Department, IMF
• Session 1.2: Discussions/ Country Presentations, Dimitrios Chalamandaris, Greece; Piotr Macki, Poland; Ivan Golchenko,Ukraine
  •  Different perspectives on deleveraging, Bogdan Chiriacescu, Financial Stability Department, NBR

• Session 2.1: Finding adequate tools for financial stability analysis and policies
•   Financial stability: how to lean against the wind?, Zdenek Tuma, Director, KPMG Czech Republic
• Session 2.2: Discussions/ Country Presentations
  • The new monetary policy framework in Turkey after the crisis: Integrating financial stability into inflation targeting, Pınar Özlü, Turkey
  •  Establishing shock parameters for a liquidity analysis under deleveraging: how far is too far?, Virgil Dăscălescu, Financial Stability Department, NBR
  •  Assessment tools of stress conditions in Romanian money market, Alexie Alupoaiei, Financial Stability Department, NBR

• Session 3.1: Finding adequate tools for financial stability analysis and policies, David Liebeg, Expert, Austrian National Bank
  • The ECB's monetary policy during the crisis and financial stability, Fabian Eser, Research, ECB
• Session 3.2: Discussions / Country Presentations
  •  Bank Lending Survey - important tool in assessing bank lending developments, Cătălin Dumitrescu, Financial Stability Department, NBR
  •  Using Financial Soundness Indicators enhanced with descriptive statistics in an overview of vulnerabilities of the Romanian banking system, Florin Bălăuţă, Financial Stability Department, NBR

• Session 4.1: New macro-prudential regulatory framework, Edward Offenbacher, Director, Monetary/Finance Division, Research Department ; Jacek Osinski, Advisor, IMF
  •   Towards a New Macroprudential Regulatory Framework, Edward Offenbacher, Director, Monetary/Finance Division, Research Department
• Session 4.2: Discussions/ Country Presentations
  • Introducing LTV and DTI caps into regulatory framework, Kirill Markov, Russia; Natalia Rusu, Moldova
  •  Shadow Banking and Financial Stability, Antoaneta Amza, Financial Stability Department, NBR
• Session 4.3: Discussions / Country Presentations
  •  New regulations on the stabilization measures in the Romanian banking system, Gabriela Hoholea, Financial Stability Department, NBR
  •  Banking Union – The Single Supervisory Mechanism, Radu Muntean, Financial Stability Department, NBR

Concluding Remarks by the IMF and NBR - Cristian Popa, Deputy Governor, NBR; Jacek Osinski, Advisor, IMF Monetary and Capital Markets Department