Florence School of Banking & Finance

❄❄ As we approach the shortest day of the year, we reflect on an incredible 2024! A heartfelt thank you to our remarkable partners, institutions, speakers, and participants who made this year’s initiatives possible! Your expertise, dedication, and engagement continue to drive meaningful discussions and progress in the dynamic world of #banking and #finance. Here are some highlights from our journey together: 📌 Impactful training courses across the SSM cooperation 📌 Successful first year of the Central Banking & Banking Supervision Programme (https://lnkd.in/dmcRZc5A) and the SSM Foundation Programme (https://lnkd.in/dkqxr__S) 📌 Launching the SSM Working Paper Series (https://lnkd.in/dK7HZSpM) 📌 Expanding a European community in digital finance through the EU Supervisory Digital Finance Academy (https://eusdfa.eui.eu/) 📌 Hosting a highly successful Annual Conference, featuring key founders of the Banking Union (https://lnkd.in/dX37YjGi) 📌 Delivering over 50 Executive Training courses 📌 Publishing more than 20 insightful articles on the #FBFBlog (https://fbf.eui.eu/blog/) 📌 Organising 20 impactful policy dialogue and research events (https://lnkd.in/dwQp7j7z) 📌 Sharing FBF publications and expert-led #FBFpills videos (https://lnkd.in/dfnYWjiS) 💪 🏡 Let’s also take a moment to thank the incredible FBF Team (https://fbf.eui.eu/team/), who brings our mission to life from the hills of Florence (picture below), Frankfurt, Brussels, Barcelona, and beyond! Wishing everyone a joyful and restful winter break! Robert Schuman Centre for Advanced Studies European University Institute

🎄 Season’s Greetings from all of us EU Supervisory Digital Finance Academy! 🤩 Here’s to the amazing EU-SDFA team behind the scenes! We look forward to seeing you in one of our upcoming activities in 2025! Maha A., Thorsten Beck, Nicola Bilotta, Margherita Fabbri, Angela Gabor, Samir Kiuhan-Vásquez, Claudia Luchetti, Malika Suleymanova, Ruta Merkeviciute, Claudia Guagliano, Leonardo Giani, Valentina Kostyleva, Pascale Lamb, Nico Lauridsen, Alessandro Magro, Laura Macchioni, Lorenzo Moretti, Piotr K. Nowak, Nikolas Passos, Laura Rinaldi, Giuseppe Sciascia, Tim Shakesby, Pierre Schlosser, Jan Trevisan Curious about the programme for the advanced training? Have a look here 👉 https://lnkd.in/dEaWhSuQ European Commission DG REFORM, European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), European Securities and Markets Authority (ESMA), European University Institute, Robert Schuman Centre for Advanced Studies, Florence School of Banking & Finance

🎓 Dive into advanced quantitative techniques and their practical application to tackle pressing challenges in #SustainableFinance. Register for our Empirical Methods and Sustainable Finance course! 📅 When: 6-7 February 2025 📍 Where: Florence, Italy 👥 Group Discount (-15%) Programme and registration: https://lnkd.in/dYnEBqXw 🎯 Why join? This course is designed for mid- and senior-level professionals seeking to expand their expertise, including: 🔹 Experts from international and supranational organisations 🔹 Finance ministry and prudential authority officials 🔹 Development and central bank professionals 🔹 Private-sector practitioners (consultancies, banks, investment funds) 🔹 Emerging scholars in finance and policy Build on your experience to explore tools like: ✅ Matching & Difference-in-Differences ✅ Saturation with Fixed Effects ✅ Advanced Instrumentation & Modelling Dispersion ✅ Hands-on replication exercises Meet your instructors: Steven Ongena (University of Zurich) & Andrada Bilan, PhD (Swiss National Bank) Robert Schuman Centre for Advanced Studies European University Institute

How can Europe unlock opportunities and address the risks in digital finance? 📚 In the comprehensive EUI report 'Charting the digital and technological future of Europe: what priorities for the European Commission in 2024-2029?', edited by Klaudia Majcher, our Director Thorsten Beck explores the key challenges and priorities in #DigitalFinance. Progress has been made with initiatives such as the #DigitalEuro and EU-wide regulations like #MiCA and #DORA, yet the rapid pace of technological change raises critical questions: ⚠️ How can policymakers keep up? ⚠️ What tools are needed to enhance financial literacy, fight digital fraud, and ensure inclusion? Looking ahead, Artificial Intelligence will dominate the policy agenda for digital finance. While #AI presents significant opportunities for #RegTech, #SupTech, and #ResTech, it also introduces systemic risks: ⚠️ Vulnerability to cyberattacks and system outages ⚠️ The pressing need for active, resource-equipped supervision Explore Thorsten Beck's full analysis (pages 42-44) and the entire publication featuring insights from 22 European University Institute academics: https://lnkd.in/dFQrXrCw Robert Schuman Centre for Advanced Studies EU Supervisory Digital Finance Academy

MiCA: a game-changer or a burden for innovation? As the full application of the Markets in Crypto-Assets Regulation (#MiCA) approaches, the EU stands at a pivotal moment. Analysts and industry stakeholders alike ask: will MiCA succeed in providing clarity, boosting innovation, and giving the EU a competitive edge in the global #cryptomarket? In our latest #FBFblog, Research Fellow Leonardo Giani and Assistant Professor Nikita Divissenko (Utrecht University) explore the opportunities and challenges MiCA presents: ✅ Legal certainty attracting global players and fostering innovation ⚖️ Balancing compliance costs that may deter smaller, innovative firms 🔑 The crucial role of consistent enforcement across EU agencies and national authorities MiCA promises a predictable regulatory environment, but will it deliver on its ambitions or constrain the market's potential? 📚 Full article [5 min read]: https://lnkd.in/dYp5Qnh6 Robert Schuman Centre for Advanced Studies European University Institute EU Supervisory Digital Finance Academy 

Last week, we welcomed Enrico Perotti, Professor of International Finance at the University of Amsterdam, for a joint FBF-ECO seminar as part of our 'Finance in the Tuscan Hills' series. In his talk, Prof. Perotti tackled a pressing issue: How can banks build resilience to financial shocks while minimising reliance on bailouts? Drawing on his paper, ‘Financial Resilience as Flood Containment’, he explored resilience tools, such as usable buffers, prepositioned collateral, and redemption charges. Perotti used a compelling analogy, comparing bank resilience to flood control systems: just as dikes and reserves prevent escalation during floods, these tools can support banks in recovery and reduce the need for resolution and bailouts. Read the full paper on our website 👉 https://lnkd.in/dB_RSqBD --- The FBF seminar series ‘Finance in the Tuscan Hills’ focuses on financial sector issues and aims to bring together researchers from across the EUI community, who share an interest in these subjects. Robert Schuman Centre for Advanced Studies European University Institute

🎓 Join us for the 5th Edition of our Climate Risks Academy — the ultimate training experience to address the impact of #ClimateChange on the #FinancialSector! 🔥 EARLY BIRD DISCOUNT: 10% off if you register by 17 December In collaboration with Oliver Wyman, this Academy brings together global experts to help you understand, measure, and mitigate climate risks in finance. 📅 Dates: 17–19 March 2025 📍 Location: Florence, Italy ⏳ Registration closes: 24 February 2025 👥 GROUP DISCOUNT: Save 15% for group registrations (minimum 3 participants) 🔗 Register now: https://lnkd.in/dVkRXNHi 💡 What you’ll gain: Key insights on Climate-Related Financial Risks Tools to manage Physical and Transition Risks Hands-on activities for building Climate Transition Plans A comparative view of US Climate Regulations Techniques in Climate Stress Testing and Disclosures Faculty: Learn from industry leaders like Dr. Bev Adams, Richard Berner, Katarzyna Budnik, Raffaella Calabrese, Sophie Alena Hölscher, Ilya Khaykin, Michala Marcussen, Pierre Monnin, Valerio Novembre, Alban PYANET. Take this chance to broaden your expertise, engage in practical activities, and expand your professional network! --- Curious about other training opportunities: [6–7 Feb] Empirical Methods and Sustainable Finance: https://lnkd.in/dYnEBqXw [7-9 April] Anti-Money Laundering Academy (-10% early bird discount until 16 Jan): https://lnkd.in/dfNRJKUg [12–14 May] Transition Plans in the Financial Sector (-10% early bird discount until 11 Feb): https://lnkd.in/dhy4q_S7 Stay tuned, many more to come! Robert Schuman Centre for Advanced Studies European University Institute Eliana Canavesio Andrea Federico #SustainableFinance #ClimateFinance #ProfessionalDevelopment #ClimateRisks #Training #ExecutiveEducation #ExecutiveTraining

🇪🇺 𝘞𝘩𝘢𝘵 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴 𝘸𝘪𝘭𝘭 𝘌𝘶𝘳𝘰𝘱𝘦 𝘧𝘢𝘤𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘦𝘷𝘰𝘭𝘷𝘪𝘯𝘨 𝘵𝘳𝘢𝘯𝘴𝘢𝘵𝘭𝘢𝘯𝘵𝘪𝘤 𝘤𝘰𝘯𝘵𝘦𝘹𝘵?   Today, 11 December 2024, at the historic Palazzo Buontalenti—home of the School of Transnational Governance, the Robert Schuman Centre welcomed former European Commissioner for Economy Paolo Gentiloni for a #EMULab lecture on Europe’s role amidst shifting global dynamics.   Gentiloni reflected on the global challenges of our time, including conflicts, inflation's social impact, rising energy costs, and the threat of recession. He shared insights from his tenure as Italy’s prime minister and his work at the European Commission, recounting pivotal moments like the COVID-19 pandemic and the Russian invasion of Ukraine.   Despite these difficulties, Gentiloni highlighted Europe’s current strengths, such as job creation, rising wages, and increased public investment. He emphasised the paradox of Europe being both fragile and indispensable, asserting that a strong EU is critical for its citizens and the world at large.   🗣️ "We need an ambitious EU and an ambitious European Commission," Gentiloni affirmed. He closed with a powerful reminder of Europe’s unique achievements: "How lucky are we to be Europeans? Freedom, the rule of law, and the welfare state represent extraordinary progress in an uncertain world."   🔜 Stay tuned for more insights from this lecture! 💶 Learn more on the Economic and Monetary Union Lab: https://lnkd.in/d_k_9knb European University Institute | #EconomicAndMonetaryUnion

🎙️ Tomorrow, our Research Associate Nico Lauridsen will moderate the session 'Scaling Up SupTech in the EU' at SupTech Week! Hosted by the Cambridge SupTech Lab in partnership with the World Economic Forum, this session will feature an engaging discussion with: 🔹 Konstantin Bottenberg 🔹 Daniela Bagnaschi 🔹 Luis Garcia The panel will explore key topics such as supervisory frameworks, cross-border collaboration, and crafting an EU-level blueprint for #SupTech. 🗓️ 12 December 2024 | 7:00–7:45 📍 Register now: https://lnkd.in/gSYdM4wz Join us for this dynamic session and be part of the conversation!

Happening in just 2 days: explore the future of Non-Bank Financial Intermediation (NBFI)! Don’t miss this online seminar featuring global experts who will tackle the pressing challenges and developments in NBFI. 🗓️ 12 December | ⏰ 14:00 - 15:00 CET | 💻 Online 🔗 Register now (it’s free!): https://lnkd.in/dXdKHE-a Speakers: 🔹 Lee F. (Bank of England) - Findings from the System-Wide Exploratory Scenario exercise 🔹 Francois Haas (Banque de France) - Eurosystem’s take on the European Commission’s Targeted Consultation on the adequacy of macroprudential policies for NBFI 🔹 Sandra Lee (U.S. Department of the Treasury) - Insights from the US Financial Stability Oversight Council's Annual Report Discussants: 🔸 John Wennstrom (Senior Policy Advisor, International Organization of Securities Commissions - IOSCO) 🔸 Thorsten Beck (Director, Florence School of Banking & Finance) 🔸 Sarah Hammer (Executive Director, The Wharton School) Chair: Emiliano TORNESE (European Commission – DG FISMA)