This online seminar will feature an opening talk by Nicolas Véron, followed by a response from Enrico Perotti and an open discussion with the audience.
|Date||12 May 2021|
The decision in July 2021 on the NextGenerationEU program and its financing by EU bond issuance is widely viewed as a watershed moment and a step in the direction of fiscal union. Meanwhile, policy progress towards the completion of the banking union started in 2012, and the creation of a capital markets union, appears to be mired in stalemate. Will NextGenerationEU’s reliance on cross-border risk-sharing gradually change the terms of the debates over the EU financial sector policy architecture?
Nicolas Véron cofounded Bruegel in Brussels in 2002-05, joined the Peterson Institute for International Economics in Washington DC in 2009, and is currently employed on equal terms by both organizations as a Senior Fellow. His research is primarily about financial systems and financial services policies, with a main geographical focus on Europe. A graduate of France’s Ecole Polytechnique and Ecole des Mines, his earlier experience includes senior positions in the French government and private sector in the 1990s and early 2000s. He is also an independent board member of the global derivatives trade repository arm of DTCC, a financial infrastructure company that operates on a non-profit basis. In September 2012, Bloomberg Markets included Véron in its yearly global “50 Most Influential” list with reference to his early advocacy of European banking union.
Enrico Perotti is Professor of International Finance at the University of Amsterdam and member of the Scientific Advisory Committee of the European Systemic Risk Board. His research in banking and corporate finance, organization theory, political economy, legal and financial history has appeared in the top economics and finance journals. He was the 2011 Houblon Normal Fellow in financial stability at the Bank of England and 2015 Wim Duisenberg Fellow at the ECB. He is Fellow of the European Economic Association and Research Fellow at CEPR and Tinbergen Institute. He has held visiting appointments at MIT, Harvard, Oxford, Columbia Business School, London Business School, LSE and the IMF. He acted as consultant to the EC, IMF, FSB, World Bank and DNB.