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"Europa mitgestalten" - Austria and the new European economic and financial institutions

Wirtschaftsuniversität Wien , Library & Learning Center Festsaal 2 10:00 - 12:00

Type Lecture / discussion
LanguageEnglisch
SpeakerRolf Strauch, Member of the Management Board and Chief Economist European Stability Mechanism / Harald Waiglein, Director General Austrian Ministry of Finance
Organizer Institut für Analytische Volkswirtschaftslehre und Department Volkswirtschaft
Contact cornelia.berger@wu.ac.at

Lecture series at the Vienna University of Economics and Business organised by the Institute for Analytical Economics and the Department of Economics

As reaction to the financial crisis and the identified gaps in the European economic and financial architecture several new European institutions were created and some of the existing institutions received new additional tasks. These new institutions primarily serve for macroeconomic stability, like the European Stability Mechanism, for macroprudential stability, like the European Systemic Risk Board, or for microprudential stability, like the ESAs, the SSM or the SRM. These institutions will be very important for the further economic and financial development of the European Union. Despite their importance, they are not yet well known outside of expert circles, and not well known in Austria. But Austria is represented in all these institutions and actively influences their policies and further development.

This lecture series “Europa mitgestalten – Austria and the new European economic and financial institutions” has the goal to address this knowledge gap. It is the purpose of this series of lectures at the Vienna University of Economics and Business (WU) to present these new institutions, their rationale, mandates, tasks, strategies, workings and organization to the students (and other interested) at the WU. In addition, the expectations and position of the respective Austrian authorities towards these institutions should be presented.

It is envisaged to cover (at least) the following European institutions: European Stability Mechanism (ESM), European Systemic Risk Board (ESRB), Single Supervisory Mechanism (SSM), European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), European Securities and Markets Authority (ESMA), Single Resolution Mechanism (SRM). 

High-level representatives of these institutions will be invited to the WU to present their respective institutions. In addition, Senior Managers of the Austrian institutions that represent Austria in the decision-making bodies of these European institutions will be invited for a complementary presentation.

The first such presentation will be:

Rolf Strauch

Member of the Management Board and Chief Economist

European Stability Mechanism

“European Stability Mechanism – Crisis manager for the euro area”

and

Harald Waiglein

Director General 

Austrian Ministry of Finance

“ESM - The Austrian perspective”

No registration required for attendance



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