Macroprudential Policy Conference

Abstract icon Danmarks Nationalbank, the European Department of the International Monetary Fund (IMF), and the Center for Financial Frictions (FRIC) at Copenhagen Business School (CBS) held a conference devoted to discussing the role of macroprudential policy for financial stability on 19 November 2018, in Copenhagen.

​The aim of the conference was to increase the understanding of macroprudential policy, to openly debate with relevant stakeholders its merits and limitations, and to put the conduct of macroprudential policy in a small open economy into an international context. At the conference there were both international and national high level presenters. See link to the discussion paper for the conference.

Programme for the conference on macroprudential policy, 19 November 2018 in Copenhagen.

09:00-09:30Registration and coffee
09:30-10:40Session 1: Why macroprudential policy is relevant for financial stability

Lars Rohde, Governor, Danmarks Nationalbank Speech

Francesco Mazzaferro, Head of European Systemic Risk Board Secretariat, European Systemic Risk Board Presentation

Paul Hiebert, Head of Systemic Risk & Financial Institutions Division, European Central Bank Presentation

Sigríður Benediktsdóttir, Senior Lecturer, Yale Presentation

10:40-11:10Coffee break
11:10-12:35Session 2: Experiences with implementation of macroprudential policy – internationally and in Denmark*

Poul M. Thomsen, Director, European Department, International Monetary Fund

Luc Laeven, Director-General, Directorate General Research, European Central Bank

José-Luis Peydro, Professor, ICREA- Universitat Pompeu Fabra and Barcelona Graduate School of Economics Presentation

Kerstin af Jochnick, First Deputy Governor, Sveriges Riksbank Presentation

Patrick Honohan, Honorary Professor of Economics, Trinity College Dublin and Nonresident Senior Fellow, Peterson Institute for International Economics Presentation

Torben M. Andersen, Professor, Department of Economics and Business Economics, Aarhus University Presentation

13:40-15:10Session 3: Current challenges and the way forward*

David Lando, Director, Center for Financial Frictions, Copenhagen Business School

Miguel Segoviano, Mission Chief to Denmark, International Monetary Fund Presentation

Jesper Berg, Director General, Danish Financial Supervisory Authority Presentation

Pernille Sindby, Head of Group Risk Management, Nykredit Presentation

Charles Goodhart, Professor, London School of Economics and Political Science

Stijn Claessens, Head of Financial Stability Policy and Deputy Head of Monetary and Economic Department, Bank for International Settlements Presentation

​15:10-15:30A political perspective by Rasmus Jarlov, Minister, Ministry of Industry, Business and Financial Affairs
15:30-16:00Coffee break
16:00-17:00Session 4: Keynote "What is macroprudential policy not"

Closing remarks:
Per Callesen, Governor, Danmarks Nationalbank

Keynote speaker:
William R. White, Senior Fellow, C.D. Howe Institute in Toronto, Canada Presentation 

*Please note that session 2 and 3 were held under the Chatham House Rule.