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UID:diw_01.c.582754.en
LOCATION:Elinor Ostrom Hall,DIW Berlin,Anton-Wilhelm-Amo-Strasse 58,10117 Berlin
SUMMARY:SBBS – De-risking Europe’s Financial Markets
DESCRIPTION:12.00 to 1.30 p.m. // Europe’s sovereign debt crisis has proven particularly pernicious. A key reason for that was the strong link between banks and states. Banks’ fate was inextricably mingled with their respective sovereign, what was alluded to as the doom-loop. From a euro area perspective, banks were under-diversified, exposed to too much concentration risk. One interesting answer to this issue could be the creation of a – synthetic – European, i.e. non-national, safe asset – without risk-sharing. Sovereign bond backed securities (SBBS), designed to provide diversification and thus de-risking benefits, could perform a stabilizing role. In the fall of 2016, under the chairmanship of Philip R. Lane, Governor of the Central Bank of Ireland, the European Systemic Risk Board launched a comprehensive study to assess the feasibility as well as cost and benefits of such an approach.   To register, please confirm your participation by Monday, 21 May 2018 at the email: events@diw.de. 
DTSTART;VALUE=DATE:20180523
DTEND;VALUE=DATE:20180523
DTSTAMP:20180418T220000Z
URL:https://www.diw.de/en/diw_01.c.582754.en/events/sbbs_de_risking_europe_s_financial_markets.html
ORGANIZER;CN=Dorothea Schäfer:mailto:dschaefer@diw.de
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