Agenda

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08:30–09:00

Registration and welcome coffee

09:00–09:10

WELCOME REMARKS

Vitas Vasiliauskas, Chairman of the Board, Lietuvos bankas

 

 09:10–09:40

 KEYNOTE SPEECH

Vítor Constâncio, Vice-President, European Central Bank

 

PANEL SESSION

CREDIT FLOW RESTRICTIONS: IMPLEMENTATION AND COORDINATION ISSUES, INTERACTION WITH OTHER POLICIES

Chair: Tomas Garbaravičius, Member of the Board, Lietuvos bankas

 

 09:40–10:40

Nicolas Véron, Senior Fellow, Bruegel, and Visiting Fellow, Peterson Institute for International Economics [presentation]

John Fell, Deputy Director General, Macro-Prudential Policy & Financial Stability, European Central Bank [presentation]

Francesco Mazzaferro, Head of the ESRB Secretariat, European Systemic Risk Board [presentation]

Deniz Igan,  Deputy Chief at the Research Department's Macro-Financial Division, International Monetary Fund [presentation]

 

10:40–11:10

Panel discussion and Q&A

11:10–11:30

Coffee break

 

SESSION 1

EFFECTIVENESS OF CREDIT FLOW RESTRICTIONS

Chair: Deniz Igan,  Deputy Chief at the Research Department's Macro-Financial Division, International Monetary Fund

 

11:30–12:30

The Sensitivity of Housing Demand to Financing Conditions: Evidence from a Survey
Andreas Fuster*, Basit Zafar,  Federal Reserve Bank [paper] [presentation]

How does Loan-To-Value Policy Strengthen Banks‘ Resilience to Property Price Shocks – Evidence from Hong Kong
Eric Wong*, Andrew Tsang, Steven Kong, Hong Kong Monetary Authority [paper] [presentation]

Macroprudential Interventions in Retail Credit Markets: An Illustration of the Artistic Approach to Policy
Richard Barwell, Royal Bank of Scotland [presentation]

 

12:30–13:00

13:00–14:30

Panel discussion and Q&A

Lunch

 

SESSION 2

COUNTRY CASE STUDIES

Chair: Richard Barwell, Senior European Economist, Royal Bank of Scotland

 

14:30–15:30

Do LTV and DSTI caps make banks more resilient?
Michel Dietsch*, Cécile Welter-Nicol, Autorité de Contrōle Prudentiel et de Résolution [paper] [presentatiom]

UK experience  with LTI and affordability tests
Tracy Wheeler, Bank of England

Caps on LTV: The CESEE Perspective
Adam Gersl, Joint Vienna Institute [presentation]

 

15:30–15:50

Q&A

15:50–16:10

Coffee break

 

SESSION 3

COUNTRY CASE STUDIES

Chair: John Fell, Deputy Director General, Macro-Prudential Policy & Financial Stability, European Central Bank

 

16:10–17:10

Experience with DSTI in Lithuania
Tomas Garbaravičius, Lietuvos bankas [presenation]

LTV and LTI caps in Ireland
Mark Cassidy, Central Bank of Ireland [presentation]

Swedish experience
Martin W Johansson, Riksbank [presentation]

 

17:10–17:30

Q&A

17:30

End of conference

 

SOCIAL PROGRAMME ON THE DAY BEFORE THE CONFERENCE

 

17:00–19:00

Guided tour in Vilnius Old Town

By invitation

 

19:00–22:00

Conference Dinner

By invitation

 

 

 We are looking forward to welcoming you in Vilnius!

 

 

Updated 25/05/2015