Professor Frank Smets - Practical Considerations of pan-European Supervision - 28 Novmeber 2013
Channel: IIEA
Date: 28/11/2013

About the Speech: 
 
Prof. Smets discussed the European Union's recently agreed Single Supervisory Mechanism (SSM), which is set to take over supervision of Eurozone banks in November 2014. The ECB's announcement that it will conduct stress testing of banks before assuming supervisory duties is of enormous significance to the Irish banking sector, which, in accordance with its agreement with the Troika, will see five major banks subjected to rigorous review in the coming months. Prof. Smets provided an overview of the SSM and discussed the practical considerations of pan-European supervision.
 
About the speaker:
 
Frank Smets is Director General of the Directorate General Research of the European Central Bank. He is professor of international economics at the Centre for Economic Studies at the KU Leuven and an honorary professor in the Duisenberg chair at the Faculty of Economics and Business of the University of Groningen. He has written and published extensively on monetary, macroeconomic, financial and international issues mostly related to central banking. He holds a PhD in Economics from Yale University.