Category: European Central Bank (video statements)

Source: European Central Bank (video statements)

Concluding remarks and closing of the conference
Chiara Zilioli, Director General of Legal Services, European Central Bank

https://www.youtube.com/watch?v=4LwOfu1jJPA

Source: European Central Bank (video statements)

Panel 6
Non-judicial review: Central banks, auditors and ombudsman
This panel examines the relationship between central banks and mechanisms of non-judicial review, focusing on auditors and ombudsman institutions. Cooperation with such institutions raises structurally sensitive questions at the intersection of independence, accountability, and control. Key issues include the scope and limits of audit and ombudsman mandates, the distinction between legality, performance, and maladministration review, and the constraints imposed by professional secrecy and market-sensitive information. How can meaningful oversight be exercised without encroaching upon central bank independence? The discussion will also explore how these mechanisms operate beyond traditional monetary policy, notably in areas such as banking supervision, and how they interact across levels of governance. Particular attention will be given to the roles of the European Court of Auditors, national supreme audit institutions, and the European Ombudsman, including potential overlaps and complementarities.

Chair: Boris Vujčić, Vice-President, European Central Bank

Panellists:

Menelaos Markakis, Associate Professor, Erasmus University Rotterdam
Jennifer King, Legal expert, European Ombudsman
Paola Chirulli, Professor, Universitá di Roma Sapienza

https://www.youtube.com/watch?v=wZmdphz2Ug4

Source: European Central Bank (video statements)

Keynote speech
The Laws and Norms of Central Bank Independence: Where We Are, Where We Are Headed

Peter Conti-Brown, Associate Professor of Financial Regulation, Wharton School of the University of Pennsylvania

https://www.youtube.com/watch?v=UxHOm2uxhXU

Source: European Central Bank (video statements)

Address by Christine Lagarde, President of the European Central Bank

https://www.youtube.com/watch?v=eDgMubSFTyU

Source: European Central Bank (video statements)

Panel 1
Central banks and the legislature
This panel examines the relationship between the European Central Bank (ECB) and legislature as a two-way interaction. On the one hand, it considers the ECB’s involvement in the legislative process, in particular through its independent consultative function. On the other hand, it addresses the scrutiny exercised by the European Parliament over the ECB, most notably through the Monetary Dialogue. The discussion will highlight the specificities of the EU constitutional framework, and the special relationship between a supranational and independent monetary authority and the parliament. To what extent does the ECB’s consultative role meaningfully influence legislative outcomes, and how should its input be understood within the EU’s institutional balance? How should parliamentary scrutiny evolve in light of ECB tasks that carry more visible distributive effects, especially in times of crisis? What role does the ECB’s secondary mandate play in this discussion?

Chair: Frank Elderson, Member of the Executive Board and Vice-Chair of the Supervisory Board, European Central Bank

Panellists:

Julio Baquero Cruz, Member of the Legal Services, European Commission
Evelien Witlox, Director of Digital Euro, European Central Bank
Sara Dietz, Principal Associate, Freshfields

https://www.youtube.com/watch?v=FyJg-z6k8zg

Source: European Central Bank (video statements)

Panel 3
Connecting banking supervision with market authorities

Under the SSM Regulation, the Council has conferred upon the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions. However, the legal framework governing the activities of credit institutions extends far beyond prudential requirements. Key areas such as the supervision of markets in financial instruments, the prevention of money laundering and terrorist financing, and consumer protection in financial services remain under the supervision of national authorities. This division of responsibilities in markets in financial instruments raises intricate questions about the boundaries between prudential rules and market rules, as well as the distinction between prudential supervision and supervision of financial markets. This panel will discuss cooperation between banking and market supervisors within the European financial supervisory framework, looking also at the potential evolution of their interaction within the further development of capital market integration and supervision within the Union in the context of the Savings and Investments Union.

Chair: Bruna Szego, Chair, Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA)

Panellists:

Filippo Annunziata, Professor, Università Luigi Bocconi
Sophie Vuarlot-Dignac, Head of Legal & Enforcement Department, ESMA
Andrea Biondi, Advocate General, Court of Justice of the European Union

https://www.youtube.com/watch?v=X4Pe2zC45Ug

Source: European Central Bank (video statements)

Panel 2
Sharing statistical and supervisory information
Information exchange serves as a fundamental conduit through which authorities collaborate in the areas of monetary policy and banking supervision. In the supervisory domain, arrangements for sharing information are established with numerous authorities, including the European Supervisory Authorities (ESAs), national competent authorities, the European Statistical System (ESS), the Single Resolution Board (SRB). In the area of statistics, given the significant recent reforms to the statistical legal framework (e.g., Regulation 223/2009 and Regulation 2533/1998) and major upcoming reforms (ESA, IReF, digital omnibus), new and innovative methods for collecting and sharing information have emerged. The panel will explore how these legal changes can help address various challenges, including the objectives of simplification, the use of artificial intelligence (AI), and more. Additionally, the panel will assess how principles such as confidentiality and the ‘once-only’ principle are reflected in current rules and practices, as well as identify areas of focus for simplification measures to ensure effective and streamlined information sharing.

Chair: Tamara Ćapeta, Advocate General, Court of Justice of the European Union

Panellists:

Nikolai Badenhoop, Head of Leibniz Junior Research Group, Leibniz Institute for Financial Research SAFE
Jonathan Bauerschmidt, Legal Adviser in the Council Legal Service, Council of the EU
Konrad Borowicz, Assistant Professor of Financial Regulation, Tilburg Law School

https://www.youtube.com/watch?v=CQ3UtQfYWVA

Source: European Central Bank (video statements)

Meet Rudy Guedj and François Girard-Meunier, the designers of one of the 10 design proposals for the future euro banknotes and find out more about this design proposal on our website: https://www.ecb.europa.eu/euro/banknotes/future_banknotes/html/design-proposals.en.html

https://www.youtube.com/watch?v=9zk1Diz3lYM

Source: European Central Bank (video statements)

Meet Neue Gestaltung GmbH, the designers of one of the 10 design proposals for the future euro banknotes and find out more about this design proposal on our website: https://www.ecb.europa.eu/euro/banknotes/future_banknotes/html/design-proposals.en.html

https://www.youtube.com/watch?v=lXXQ7BgtVs0

Source: European Central Bank (video statements)

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