Bank of Lithuania
October 04
October 05

The conference will mainly focus on the role of borrower-based macroprudential measures in times of the global pandemic, and prospects for the future use of these measures. The topics will include the calibration of borrower-based measures through the cycle, their effectiveness in managing the impact of COVID-19 during both slow-downs and upturns of the housing market, as well as discussion of potential future developments, such as a more harmonised and targeted application of borrower-based measures and their role in mitigating climate-related financial risks. The conference will also feature presentations based on international case studies, academic and relevant policy research.

Participants: officials and experts from central banks, supervisory and macroprudential authorities, academic institutions, as well as international and supranational institutions (e.g. the BIS, ECB, ESRB, European Commission, IMF and OECD) with interest and practical experience in macroprudential policy-making. 

Due to the ongoing pandemic,​ the conference will be held online. Registration is not required. The conference will be livestreamed (the link to the livestream will be available on this web page).

The two-day conference will be divided into five sessions. Each session will be led by a moderator (chair) and three or four speakers. Each of the speakers will deliver a slide presentation of 15–20 minutes addressing the session’s theme, which will then be followed by a panel discussion and Q&A from the audience.

Macroprudential Policy Conference 2021

Programme

Biographies of Speakers (399.9 KB download icon)

Day 1

13:00–13:20

Opening remarks Gediminas Šimkus, Chairman of the Board, Bank of Lithuania

SESSION 1 BORROWER-BASED MEASURES: CYCLICAL OR PREDOMINANTLY STRUCTURAL INSTRUMENTS?

13:20–14:20

Moderator – Sandra Frimann-Clausen, Senior Adviser, Finansinspektionen

Speakers:

Erlend Nier, Deputy Division Chief, Monetary and macroprudential Policies Division, IMF

Marek Licák, Director of Macroprudential Policy Department, National Bank of Slovakia

Torbjørn Hægeland, Financial Stability Executive Director, Norges Bank

14:20–14:50

Panel discussion and Q&A

SESSION 2 COUNTRY EXPERIENCES WITH HOUSING MARKET FLUCTUATIONS DURING THE PANDEMIC: ASSESSING THE ROLE OF BORROWER-BASED MEASURES
14:50–15:50

Moderator – Tuomas Peltonen, Deputy Head of ESRB Secretariat, ESRB

Speakers:

Libor Holub, Deputy Executive Director, Financial Stability, Czech National Bank

Duncan Mills, Adviser, Financial System Policy & Analysis, Reserve Bank of New Zealand

Thomas Sangill, Head of Systemic Risk - Analysis and Policy, Danmarks Nationalbank

15:50–16:20

Panel discussion and Q&A

16:20–16:30

End of conference Day 1

Day 2

09:00–09:10

Opening remarks Gediminas Šimkus, Chairman of the Board, Bank of Lithuania

09:10–09:40 Keynote speech – Sharon Donnery, Deputy Governor, Central Bank of Ireland
SESSION 3 Policy discussion. UNTAPPED POTENTIAL: ENHANCING THE FRAMEWORK OF BORROWER-BASED MEASURES

09:40–10:40

Moderator – Simonas Krėpšta, Member of the Board, Bank of Lithuania

Speakers:

Sharon Donnery, Deputy Governor, Central Bank of Ireland

Francesco Mazzaferro, Head of ESRB Secretariat, ESRB

Ralf Jacob, Head of Unit, Macroprudential Policy, DG FISMA European Commission

Luís Laginha de Sousa, Member of the Board, Banco de Portugal

10:40–11:10

Panel discussion and Q&A

SESSION 4 SIDE EFFECTS OF BORROWER-BASED MEASURES AND HOW TO MITIGATE THEM: INEQUALITY AND DISTRIBUTIONAL EFFECTS
11:10–12:10

Moderator – Katja Taipalus, Head of Financial Stability and Statistics Department, Bank of Finland

Speakers:

Luiz de Mello, Director, Policy Studies Branch, Economics Department, OECD

Pierre Monnin, Senior Fellow, Council on Economic Policies

Nitzan Tzur-Ilan, Research Economist, Federal Reserve Bank of Dallas

12:10–12:40

Panel discussion and Q&A

12:40–13:30

Lunch break

SESSION 5 CLIMATE-RELATED RISKS – THE POTENTIAL ROLE OF BORROWER-BASED MEASURES
13:30–14:30

Moderator – Tomas Garbaravičius, Advisor to the Deputy Chair of the Board, Bank of Lithuania

Speakers:

Paul Hiebert, Head of Division, Systemic Risk & Financial Institutions, ECB

Stijn Claessens, Head of Financial Stability Policy and Deputy Head of the Monetary and Economic Department, BIS

Seraina N. Gruenewald, Radboud University Nijmegen, Netherlands
14:30–15:00 Panel discussion and Q&A
15:00–15:10 End of conference, closing remarks

 

Last update: 15-09-2021