Stable Banks in Challenging Times

Andreas Dombret, Adjunct Senior Research Scholar, Columbia University, School of International and Public Affairs, New York, US

• Contents: Part l Financial Stability in a Globalised World 1. Securing financial stability: the contribution of economic policy 2. Rules and tools for capturing systemic risk 3. Could less be more? The role of finance for the economy 4. More painkillers, please? Why more finance is the wrong medicine for our growth problem 5. Under Pressure – Is Consolidation the Solution for Europe's Banking Sector? 6. Banking sector in uncertain times – a challenge for whom? 7. Banks navigating uncharted waters 8. How to manage financial crises from a systemic viewpoint 9. Financial systemic risk – The national and international dimension of macroprudential policy 10. Resilient banks – essential building blocks of a stable financial system 11. Shaken but not stirred? The banking system seven years after the crisis Part ll Supervision and Regulation in Europe and beyond 12. Moving together – one year of European banking supervision 13. Failing or likely to fail? Putting the European banking union to the test 14. Banks-allowing them to fail 15. European banking union – a construction site. Common supervision, common resolution, common deposit insurance scheme? 16. Trying to see in the dark – The challenge of financial regulation 17. Big bang banking union – What can we expect? 18. What is “good regulation”? 19. Cutting the Gordian Knot or splitting hairs? 20. The quest for stability – Regulating and supervising banks 21. The euro, the banks and the crisis – Reshaping the world of finance Part lll Basel III – Reflections on a major regulatory project 22. Are we done now? Reflections on the post-crisis supervisory and regulatory regime 23. Too little, too much, or just right? Reforming banking regulation after the financial crisis 24. Basel III – goal within sight 25. Where do we go from here? The future of US-EU financial relations following the finalisation of Basel III 26. Basel III – Are we done now Part lV Behind the curve? The Role of Climate Change in Banking Supervision 27. Behind the curve? The role of climate risks in banks’ risk management 28. Greener finance – better finance? How green should the financial world be? I. Opt in or opt out? The future of the European Union in light of Brexit 29. What does Brexit mean for European banks? 30. The possible impact of Brexit on the financial landscape. Speech delivered at zeb, London, 24 February 2017 31. The future relationship between Germany and the UK in finance after Brexit 32. We can work it out – or can we? Current challenges in Brexit talks 33. Living with fragmentation – Post-Brexit realities in financial services 34. How will Brexit change the map of global finance? II. Digitalisation – the most significant challenge for future banking 35. Digitalisation – repercussions for banks and their supervisors 36. Digital natives? The future of banking in an era of digitalisation 37. Banks spellbound by innovation? Lessons learnt from digitalisation 38. On the prospects of growing electronification in the capital markets 39. Banking on big data – Different policy issues? 40. Totally digital? The future of banking business III. Central Banking and the role of international cooperation 41. The Future of Global Economic Cooperation – Brexit, Basel III and Beyond 42. What’s the future of globalisation? What’s the future of free markets? European optimism in an uncertain world 43. A stairway to heaven? The promises and limits of global integration IV. Conclusion 44. Mediating between worlds – eight years at the Bundesbank

'A significant contribution to financial regulatory policy making and bank management benchmarking in uncertain times. Andreas Dombret, intellectual and straightforward, yet realistic and practical. As a member of our global advisory committee and a very good friend of mine, Andreas always offers me a great deal of wisdom and I find every time from him a unique combination of resolute direction as a policy maker and the practical and reasonable sense of a private practitioner. You will certainly find a perfect balance among various interests, both public and private, from these essays. Very timely publication of Andreas' holistic views and profound insights during his Bundesbank days.'--Makoto Takashima, President and CEO, Sumitomo Mitsui Banking Corporation, Japan