Assessing the Preliminary Impact of COVID-19 on the EU Banking Sector

Recording of the online debate held on 2 July 2020.

Speaker: Mario Quagliariello (European Banking Authority)

Commentators:
- Véronique Ormezzano (BNP Paribas)
- Til Schuermann (Oliver Wyman)
- Nicolas Véron (Peterson Institute for International Economics and Bruegel)

Moderator: Elena Carletti (Bocconi University and Florence School of Banking and Finance, European University Institute)

---
In this online debate, Mario Quagliariello (European Banking Authority) provides selected findings on the state of health of the EU banking sector during the first phase of the crisis and reviews what preliminary assessments tell us about banks’ resilience (e.g. asset quality, capital & liquidity buffers, operational continuity). The online debate also discusses merits and limits of different diagnostic tools – such as stress testing – but also data needs and methodological challenges. It will conclude by engaging with lessons learnt for risk assessment.
Following Mario Quagliariello’s initial remarks, Véronique Ormezzano (BNP Paribas), Til Schuermann (Oliver Wyman) and Nicolas Véron (PIIE and Bruegel) share their perspectives on the current state of the banking sector and the challenges ahead.
The debate is chaired by Elena Carletti (Bocconi University and Florence School of Banking and Finance, EUI) and is part of a COVID-19 online event series organised by the Florence School of Banking and Finance to discuss Europe’s economic policy response to the pandemic.

* The views and opinions expressed in this video are those of the speakers or authors in their personal capacity and do not necessarily reflect the official position of the Robert Schuman Centre or the European University Institute. *