2018-11-23【VCAF Seminar Invitation】- Financial crisis, Brexit, the future of European banks
When financial historians look back at the past, two seismic shocks catch their eyes particularly. One is the Great Depression, the other the global financial crisis of 2008. While the latter reached its peak ten years ago with the collapse of very large banks, there are increasing concerns about the source and timing of the next crisis and recession in Europe, although the financial system today seems stronger than it was then.
Just as the causes of the financial crisis were many and various, so were its consequences: a deep recession, high unemployment and stagnating wages, zero and negative interest rates, extraordinary asset purchases by central banks and toxic politics. The sky did not come down ten years ago, but lessons must be learned. The question is: what have we learned from the financial crisis of 2008?
Concerning the banking system: Has it become healthier and more resilient to weather the next crisis? Or have banks just transferred their risks to other parts of the financial system? Should European governments support the creation of giant and more competitive banks, regardless of the “too big to fail” moral hazard?
Another disturber is Brexit, which one might describe as “unleashing demons which we do not know yet”. Although it will take place in less than half a year, the concrete outcome is yet unclear. Will it be a soft or hard Brexit, or even a no-deal in the end? How will it reshape the financial industry in Europe? Could it challenge London’s current role as a global financial center? How could Frankfurt as the financial hub in continental Europe benefit from the UK leaving?
We will explore all these questions in the following VCAF seminar with Mr. Schildbach from Deutsche Bank Research and Prof. Dr. Werner from the Frankfurt School of Finance & Management. Please register for the event and join us on 23.11.2018!
Presentation: Where do European banks stand - 10 years after the financial crisis and the impact of Brexit
Mr. Jan Schildbach
Jan Schildbach is Director and Head of Banking, Financial Markets and Regulation at Deutsche Bank Research in Frankfurt am Main. He joined Deutsche Bank in 2007 as a Senior Economist, covering European banking systems and structures, before becoming the Head of Banking, Financial Markets and Regulation in 2014.
Jan has published extensively on bank performance and corporate funding trends as well as capital markets topics and regulatory developments. Furthermore, his research focuses on banking strategies and business models. In addition to external publications, his work comprises supporting Deutsche Bank’s Management Board, business units and customers as well as representing the Bank vis-à-vis policymakers and the public.
Jan was a Research Fellow at the American Institute for Contemporary German Studies and is an alumnus of the Wilton Park British-German Forum as well as the Young Leaders Conferences of the Dräger Foundation and the American Council on Germany. He studied Economics at the Universities of Mannheim and Bayreuth and the Helsinki School of Economics.
Presentation: Banks in changing – Perspective for the banks after the financial crisis and in the time of digital revolution
Prof. Dr. Jörg Richard Werner
Prof. Dr. Jörg Richard Werner is the Professor of Accounting at Frankfurt School of Finance & Management, Leader of Accounting Department and academic Director of Undergraduate Program.
His teaching areas are the international accounting and balance sheet analysis. Prof. Werner has many years of experience of training and education of chartered accounts and further education of managers. He makes sure that his students study the corporation relevant cases and gain the first experience for the consulting. His research areas are international and comparative accounting with a particular focus on empirical methods, also the regulatory issues in accounting and corporate governance.
Prof. Werner received his Diploma in Business Studies in 2003 and his Ph.D. in 2006, both at the University of Bremen. He qualified the “Habilitation” in 2011. In 2010, he worked as a Visiting Professor of Business Administration at Jacobs University Bremen. He has been working for the Frankfurt School since 2011. He was a guest lecturer at various institutions including University of Amsterdam Business School, and University of Kassel. In 2011, he received Professorship at the Karl-Franzens-University in Graz.
Agenda
14:30 – 15:00 Register
15:00 – 15:15 Introduction of the VCAF
15:15 – 16:15 Where do European banks stand - 10 years after the financial crisis and the impact of Brexit
Referent: Mr. Jan Schildbach / Director and Head of Banking, Financial Markets and Regulation at Deutsche Bank Research in Frankfurt am Main
16:15 – 16:30 Break
16:30 – 17:30 Banks in changing - Perspective for the banks after the financial crisis and in the time of digital revolution
Referent: Prof. Dr. Jörg Richard Werner / Professor of Accounting at Frankfurt School of Finance & Management, Leader of Accounting Department and academic Director of Undergraduate Programme
Date: 23. November 2018 (Friday), 14:30 - 18:00
Location: Saalbau Gutleut, RottweilerStr. 32, 60327 Frankfurt am Main
Participation Fee: Free
Language: English
Registry
Please click the link below and sign up for the event by 15.11.2018, and we will send you the confirmation by email afterwards. Looking forward to meeting you in the VCAF Seminar!