European Union and the Financial Crisis

Europa Institute Conference

The European Union and the Financial Crisis

Friday 4 December 2009
The University of Edinburgh · St Cecilia's Hall

Organiser: David Howarth (Jean Monnet Chair, University of Edinburgh)

The Europa Institute funded a half-day conference and additional seminars with academic and practitioner speakers. A project by David Howarth and Iain Hardie from Politics and International Relations (School of Social and Political Science).

Workshop Programme

Introduction (David Howarth)

13.10 – 14.00
Is the EU Inadequate on Adequacy?

  • Capital Adequacy Rules: The US versus the EU
    Sylvia Maxfield (Simmons College, Boston)
  • Why Basel II and the EU Capital Directive Miss the Point: Banks are 'Methodologically' Under Capitalised
    Gavin Kretzschmar (University of Edinburgh)

14.00 – 15.00
The EU to the Rescue? The Supervisory and Regulatory Response
Chair:Andrew Scott (University of Edinburgh)

  • Reforming EU Financial Supervision
    Steve Rya (DG Internal Market, European Commission)
  • Regulating Hedge Fund Activity at the EU Level
    Lucia Quaglia (University of Sussex)

15.00 – 15.30

15.30 – 16.15
National Policy Responses and Lessons for the EU
Chair: Owen Kelly (Chief Executive, Scottish Financial Enterprise)

  • Germany’s Response to the Global Crisis
    Kenneth Dyson (University of Cardiff)
  • Spain's Response to the Global Crisis
    Sebastian Royo (Suffolk University)

16.20 – 17.10
Monetary and Fiscal Policy Responses to the Crisis
Chair: Michele Chang (College of Europe, Bruges)

  • On the European Central Bank and the Credit Crunch
    Henrik Enderlein (Hertie School of Governance)
  • Chacun Pour Soi: The Franco-German Relationship and the Future of Fiscal Policy
    Charlotte Rommerskirchen (University of Edinburgh)

17.15 – 18.00
The EU to the Rescue? Financial Aid and International Leadership
Chair: Alyn Smith MEP (Member of the European Parliament's Temporary Committee on the Economic Crisis)

  • EU Responses to East European Crises
    Amy Verdun (University of Victoria)
  • United We Stand? The EU’s International Leadership and the Financial Crisis
    George Pagoulatos (University of Athens)

Conclusion (David Howarth and Iain Hardie)