FIN-FSA Conference on EU Regulation and Supervision – focusing on household indebtedness and macroprudential stability

High household indebtedness has an impact on financial stability and is a risk to sustainable economic growth. Learn more about the macroprudential policies applied in Finland, Sweden and Ireland for ensuring financial stability and the adequacy of the tools currently available in Finland.
 
The conference will be held in Finlandia Hall's Veranda II on Wednesday, 28 November 2018 8.30. am - 15.30. pm. Location and how to get there.

Morning session is in English, afternoon session in Finnish.

Lessons from IMF: Household indebtedness, macroprudential policies, and financial stability.

Watch a recorded webcast of the conference

Watch a recorded webcast via the button below. You'll also find the speakers' presentations in SlideShare.

Programme

08.30

Registration and morning coffee

09.00

Opening remarks: Household indebtedness and macroprudential supervision

Ms Anneli Tuominen, FIN-FSA

09.30

Household indebtedness, macroprudential policies, and financial stability. An international perspective.

Mr Claudio Raddatz Kiefer, IMF’s Monetary and Capital Markets Department

10.30

Coffee break

11.00

Household indebtedness in Sweden: what has been done and is it enough?

Mr Erik Thedéen, Finansinspektionen

11.45

The Irish housing cycle: From boom to bust and beyond

Ms Niamh Hallissey, Central Bank of Ireland

12.30

Buffet lunch

13.30

Stability, indebtedness and economic growth (in Finnish)

Ms Marja Nykänen, Bank of Finland

The Irish housing cycle: From boom to bust and beyond.

Speakers

Ms Anneli Tuominen

Director General, Financial Supervisory Authority

Anneli Tuominen is Director General of the Financial Supervisory Authority in Finland (FIN-FSA). Ms Tuominen is a voting member of the ECB Supervisory Board of the Single Supervisory Mechanism (SSM). She is also a voting member in EBA (European Banking Authority), EIOPA (European Insurance and Occupational Pensions Authority) and ESMA (European Securities and Markets Authority) and a non-voting member in the ESRB (European Systemic Risk Board). Ms Tuominen is Vice-Chair of ESMA. In Finland she is a board member of the Finnish Financial Ombudsman Bureau.

Mr Claudio Raddatz Kiefer

Division Chief of the Global Financial Stability Analysis Division, IMF’s Monetary and Capital Markets Department

Claudio Raddatz Kiefer is Division Chief of the Global Financial Stability Analysis Division in the IMF’s Monetary and Capital Markets Department. Previously, he was the Director of Financial Policy (2014­-2017) and Head of Economic Research (2011-2014) at the Central Bank of Chile, Senior Economist at the World Bank Development Economics Research Group (2008-2011), and Economist at the same institution. Mr. Raddatz has numerous academic publications in macro-financial issues. He holds a BSc and MSc from the University of Chile, and a PhD in Economics from the Massachusetts Institute of Technology (2003).

Ms Niamh Hallissey

Macroprudential Policy Manager, Central Bank of Ireland

Niamh Hallissey is Macroprudential Policy Manager in the Central Bank of Ireland. Ms Hallissey has worked on the Central Bank’s macroprudential policy framework since its inception and has extensive experience in the design and introduction of macroprudential policy measures. Ms Hallissey was recently seconded to the European Systemic Risk Board as a Principal Financial Stability Expert, working on developing macroprudential policy at a European level. Ms Hallissey joined the Central Bank in 2011 in the Banking Supervision division and prior to this worked as a portfolio manager at an Irish asset manager. Ms Hallissey is a Chartered Financial Analyst (CFA) charterholder.

Mr Erik Thedéen

Director General, Finansinspektionen, Sweden

Erik Thedéen has been FI’s Director General since 21 October 2015. He is also a member of ESMA’s Board of Supervisors and Vice-Chair of IOSCO’s European Regional Committee. Erik is also a member of the Board of Directors of the Swedish Public Employment Service (Arbetsförmedlingen) and the Royal Society of Naval Sciences (Kungliga Örlogsmannasällskapet). Erik Thedéen has previously been CEO of KPA Pension, State Secretary at the Swedish Ministry of Finance (Finansdepartementet), President of Nasdaq OMX Nordic Stockholm, strategist at Brummer & Partners, Deputy Director General of the Swedish National Debt Office (Riksgälden), analyst at JP Bank and trader/analyst at the Swedish central bank (Sveriges Riksbank). Erik Thedéen has a degree in Economics from the Stockholm School of Economics.

Ms Marja Nykänen

Deputy Governor, Bank of Finland, and Chairman, FIN-FSA Board

Marja Nykänen has been a Member of the Board of the Bank of Finland since 1 February 2017. She is responsible for financial market issues, macroprudential policy, statistics, legal affairs, budget and personnel as well as security and property management issues. She is also responsible for the risk control of investment activities and monetary policy as well as the financial stability process. Marja Nykänen is the Chairman of the Board of the Financial Supervisory Authority.

Ms Anni Lassila

Journalist, Helsingin Sanomat

Anni Lassila is a journalist at the newspaper Helsingin Sanomat. During her 20 years career she has covered various business areas including energy and telecom. Over the last six years she has specialized in banking and finance issues.

Mr Tom Miller

CEO, Nordea Mortgage Bank Plc

A passionate and focused leader with experience in many fields of banking. Particularly talented in creating highly-functional teams to lead organizations through change in a positive and energetic manner, both in the areas of product and process development as well as sales. Experienced in setting up the necessary structures needed to run a significant organization in a highly-regulated banking environment with a focus on high-quality corporate governance and diligent management of regulatory requirements.

Mr Juha A. Pantzar

Executive Director, Guarantee Foundation

Juha Pantzar is a social policy expert with a 30-year career in the social sector, holding positions in both local and central government and NGOs. For the past six years he has served as the CEO of Guarantee Foundation. Guarantee Foundation is a Finnish third sector organisation whose mission is to support the prevention of excessive indebtedness of private households, and to work to provide solutions which address such, comprising advocacy as well as service and development activities.

Mr Tuomas Peltonen

Deputy Head, Secretariat European Systemic Risk Board

Tuomas Peltonen is Deputy Head of the European Systemic Risk Board (ESRB) Secretariat, based in Frankfurt am Main, Germany. His main tasks include management of the ESRB Secretariat, systemic risk analysis and its presentation to the ESRB General Board as well as interaction with ESRB members and stakeholders. Prior to the ESRB, Tuomas worked with the European Central Bank (ECB) since 2004, where he held various positions at the Directorate General Macroprudential Policy and Financial Stability, Directorate General Market Operations, and Directorate General International and European Relations. Before joining the ECB, Tuomas worked at the Bank of Finland in the Market Operations Department. Tuomas’ research interests include macroprudential policy, systemic risk analysis and global finance. Tuomas received a PhD (Econ) degree from the European University Institute (EUI), Italy in 2005, and BSc and MSc (Econ) degrees from University of Turku, Finland in 1998 and 1999, respectively.

Mr Samu Kurri

Head of Department, FIN-FSA

Samu Kurri is Head of Department at the Finnish Financial Supervisory Authority. His department is in charge of the preparation and coordination of macroprudential supervision, financial analysis and operational risks. He has previously worked in several positions at the Bank of Finland and at the European Central Bank.

Leena Mörttinen

Director General, Financial Markets Department, Ministry of Finance

Leena Mörttinen is the Director General (Financial Markets Department) at the Ministry of Finance. She is also a Member of the Board of Directors at the Metsä Group. She has a doctoral degree in Economics from the University of Helsinki. She has previously worked at the European Central Bank (Senior Economist), the Bank of Finland (Advisor), the Nordea Bank (Chief Economist and Director for European Affairs), the Confederation of Finnish Industries (Director, Competiveness and growth) and the Finnish Family Firms Association (Executive Director).

Lessons from Sweden: Household indebtedness in Sweden - what has been done and is it enough?