Financial supervision workshop

The 2018 Financial supervision workshop – legal and market perspectives on enforcement actions

28th of August, 2018, Stockholm

This workshop brought together several of the world’s leading experts on financial supervisors enforcement actions for the presentation and initiated discussion of new research on the motives and consequences of these types of supervisory interventions. The purposes of the workshop were on the one hand to share new research, and on the other to begin the work of creating an international multidisciplinary network of researchers in law, economics and business administration with an interest in the causes and consequences of enforcement actions of financial supervisors.

A key point of the workshop were to account for the fact that financial supervision transcends traditional academic disciplines, and the program provides both legal and various forms of market perspectives to improve our understanding of the motives and effects of enforcement actions such as fines, public and private reprimands, cease and desist order or the revoking of licenses to operate. The program may include one or two additional presenters of new research.

We encouraged industry representatives to attend the morning program, but the conference was also open for those who liked to attend the academic sessions in the afternoon.

The conference were jointly organized by the Swedish House of Finance, Uppsala University and Stockholm Center for Commercial Law. We are grateful to Handelsbankstiftelserna for financial support.

See Keynote from Professor John C. Coffee:

Financial supervision workshop - Program

Program

08:45-09:00
Registration

09:00
Welcome address by Mikael Wendschlag on behalf of the organizers

09:10 – 10:00
Keynote presentation by Professor John C. Coffee       

10:00 – 10:30     
Coffee break

10:30 – 12:00
Panel discussion on the use and purposes of enforcement actions

Panellists:

  • Jordi Viguer Pont, Adviserin Enforcement and Sanctions Division, ECB Banking Supervision, PDF
  • Lars Hörngren, Senior Advisor to the Director General, Finansinspektionen
  • Lars Afrell, Svenska Fondhandlareföreningen
  • Fredrik Nordström, Fondbolagens förening, PDF

Moderator:
Professor Gustaf Sjöberg, Stockholm Centre for Commercial Law

12:00 – 13:00
Lunch break

13:00 – 14:30
Workshop session 1: Market perspectives on enforcement actions

Paper 1)
Supervisory enforcement actions and depositors’ reaction: Monitoring, running, or living a quiet life?
Presenter: Christos Tsoumas, Hellenic Open University

Paper 2)
Private deposit insurance, enforcement actions and deposit flows   
Presenter: Piotr Danisewicz, University of Bristol

Paper 3)

Public enforcement of ssecurities market rules: Resource-based evidence from the Securities and Exchange Commission

Presenter: Christian Thomann, KTH Royal Institute of Technology   

Chair:
Mikael Wendschlag

14:30 – 15:00
Coffee break

15:00 – 16:30
Workshop session 2: Legal perspectives on enforcement actions              

Paper 4)
Legal issues arising in enforcement in the UK markets in an era of judgment led financial supervision
Presenter: Joanna Gray, Birmingham Law School

Paper 5)
Enforcement of banking regulations in the Eurozone
Presenter: Silvia Allegrezza, University of Luxembourg

Paper 6)
A Swedish outlook on the field of enforcement action research
Presenters: Rebecca Söderström and Mikael Wendschlag, Uppsala University

Chair: Gustaf Sjöberg

16:30     
Closing remarks

19:00
Workshop dinner for presenters and pannelists at Ulla Winbladh restaurant

Financial supervision workshop - Conference venue

Swedish House of Finance, Drottninggatan 98, 11160 Stockholm

Financial supervision workshop - Discussants and Presenters

Confirmed participants

John C. Coffee, Columbia Law School, jcoffee@law.columbia.edu


Manthos Delis, Montpellier Business School, m.delis@montpellier-bs.com


 

Joanna Gray, Birmingham Law School, j.e.gray@bham.ac.uk


 

Silvia Allegrezza, University of Luxemburg, silvia.allegrezza@uni.lu


 

Piotr Danisewicz, University of Bristol, piotr.danisewicz@bristol.ac.uk


 

Söderström, Rebecca, Uppsala University, rebecca.soderstrom@jur.uu.se


Mikael Wendschlag, Uppsala University, mikael.wendschlag@ekhist.uu.se


 

Gustaf Sjöberg, Stockholm Center for Commercial Law, gustaf.sjoberg@juridicum.su.se 


Christian Thomann, KTH Royal Institute of Technology   

 


Anders Anderson, Swedish House of Finance, anders.anderson@houseoffinance.se