Finance Panel

The Finance Panel is a forum for the financial sector and is jointly organized by SNS and finance research institute Swedish House of Finance.

The Finance Panel is a forum for the financial sector and is jointly organized by SNS and finance research institute Swedish House of Finance. In the Finance Panel meetings, leading representatives for the financial sector meet with key opinion leaders from the public and private sector and from civil society. Featured speakers are respected experts from the financial markets and academia.

Recordings of past panels can be found in the SNS Play Archive.

The Finance Panel is moderated by Pehr Wissén, PhD and senior advisor at the Swedish House of Finance, Stockholm School of Economics.

Topics are reviewed by the following reference group:

Pehr Wissén (president)
Martin Andersson, Oliver Wyman
Erik Berglöf, Institute of Global Affairs, London School of Economics
Pål Bergström, Stockholm School of Economics
Magnus Billing, Alecta
Kerstin af Jochnick, Riksbanken
Christina Lindenius, Svensk Försäkring
Franklin Allen, Imperial College London

Project managers:

Mia Chennell, mia.chennell@sns.se
Ulf Waltré, ulf.waltre@sns.se

Past events 2018

SNS/SHOF Finance panel: Lord Hill on Brexit

How will Brexit affect countries within EU and UK, and the financial markets? To answer these question, the Finance panel was visited by Lord Jonathan Hill, one of Europe’s most influential expert on issues related to Brexit. Lord Hill was the European Commissioner for Financial Stability, Financial Services and Capital Markets Union up until the Brexit referendum. He is the founder of the organization Prosperity UK and member of the House of Lords.

The meeting was held under Chatham House rules and was therefore not recorded.

How will Sweden manage a future without cash?

Should the Riksbank issue a digital e-Crown? As one of the first central banks in the world the Riksbank investigates a digital currency to complement cash. Introduction by Cecilia Skingsley, Deputy Governor at the Riksbank. Comments by Peter Englund, professor emeritus in financial economics, and Johanna Lybeck Lilja, Executive Advisor at Nordea.

Watch the seminar via SNS Play.

Foreign Direct Investments: China, EU and Sweden

Foreign direct investments (FDI) in infrastructure and technology have recently been an issue of debate in Europe. The increasing number of Chinese FDI:s have raised concerns. What are the risk? Seminar with Maria Åsenius, Head of Cabinet for the European Commissioner for Trade Cecilia Malmström, Staffan Bohman, chairman i.a. Electrolux, Michael Claesson, Sweden Armed Forces and Frédéric Cho, Sweden-China Trade Council.

Watch the seminar via SNS Play.

The Banking Union: What’s in it for Sweden?

There is a very active debate on how to deepen European co-operation in the euro area and in the Banking union. What are the different options for countries, such as Sweden, that are neither members of the euro area nor the Banking Union? We were joined by John Berrigan, Deputy Director General of the Commission’s financial services division and Karolina Ekholm, State Secretary at the Ministry of Finance. John Berrigan outlined the European Commission’s policy priorities in 2018 when it comes to the Banking Union.

Watch the seminar via SNS Play.

New mortgage players – impact on financial stability and consumer protection

One of the financial markets’ most important tasks is to finance housing. Mortgages make up a large portion of the banks’ balance sheets. Now new players challenge established banks with partially different business models. It this development good or bad for financial stability? Do we need different consumer protection when housing mortgage loans are provided by new players? With Erik Thedéen, Director General of Finansinspektionen, Hampus Brodén, Stabelo and Christoffer Malmer, SEB.

Watch the seminar via SNS Play.

Will the Banks Manage the Next Crisis?

The Basel III regulation are being reviewed by the Swedish Financial Supervisory Authority before being implemented. Erik Thedéen, Director General of FSA, visited SNS to explain how the new regulation affects Swedish banks, and to talk about whether the banks are equipped to manage the next financial crisis. Erik Thedéen presentation was commented by Martin Blåvarg, Svenska Handelsbanken, Bo Becker, Stockholm School of Economics and Louise Lundberg, Moody’s Investor Services.

Watch the seminar via SNS Play.

Banking between regulation and technological change

The banking industry is put under stress by technological developments introduced by startups. One of Europe’s leading banking experts, Arnoud Boot, Professor of Corporate Finance and Financial Markets at the University of Amsterdam, visited SNS to talk about the structure of the banking industry going forward in the new landscape. Sara Öhrvall, SEB Group, and Martin Andersson, Oliver Wyman, contributed with their perspectives.

Watch the seminar via SNS Play.

Past events 2017

Sweden and the banking union – discussions with Nicolas Véron

A discussion about the EU’s framework to deal with failing banks. What is the present state of the banking union? What is the possible impact of Brexit on the European banking union? What are the pros and cons of a Swedish membership? Nicolas Véron, is a co-founder of Brussels-based think-tank Bruegel and a visiting fellow at the Peterson Institute for International Economics in Washington.
Watch the seminar via SNS Play.

Blockchains and the Future of Finance

Blockchain technology has the potential to disrupt the financial markets. It could render many financial services unnecessary. Fundamentally, we are looking at a new peer to peer economy. David Yermack, leading expert on digital currency and blockchains, explained the new technology and discussed consequences for the financial sector.
Watch the seminar via SNS Play.

European Commissioner Pierre Moscovici on “The Deepening of the EMU”

Pierre Moscovici is European Commissioner for Economic and Financial Affairs, Taxation and Customs. Commissioner Moscovici presented his views on “The Deepening of the EMU” and participated in a conversation about the future of the Economic Monetary Union and other economic policy challenges for Europe. The European Commission reflection paper, which sets out possible ways forward for deepening and completing the Economic and Monetary Union, provided the background to the discussion.

The future of the premium pension

Stefan Lundbergh, government commissioner, presented his report on how structural changes to the premium pension system could make it safer and more efficient. A panel discussion followed, with Economist Roine Vestman, Stockholm University, MP Solveig Zander (C), State Secretary Therese Svanström Andersson and Fredrik Nordström, CEO Swedish Investment Fund Association.

What should Central Banks do?

The Swedish Government has appointed a parliamentary committee to review the function and responsibilities of the Riksbank, including the target and means of the monetary policy and the Riksbank’s responsibility for financial stability. Recently, the Central Bank of Norway underwent a similar evaluation. Mats Dillén, chair of the Swedish commission, and Svein Gjedrem, chair of the Norwegian commission, discussed what Sweden could learn from the Norwegian example.

The Outlook for the U.S. Economy and the Policies of the New President

Obama’s top economic adviser Jason Furman on the state of the US economy and economic policies under President Trump.
Jason Furman played an important role in forming the economic policies of the last administration. Today Furman is Senior Fellow at the Peterson Institute for International Economics and an active contributor to current debates on the US economy and economic policy.
Watch the seminar via SNS Play.
Interview with Jason Furman.

Basel III and the Swedish Banking System

Kerstin af Jochnick, Deputy Governor, Riksbanken (Swedish central bank)
Uldis Cerps, Member of the Basel Committee and Senior Advisor to Director General, Finansinspektionen (Swedish Financial Supervisory Authority)
Hans Lindberg, Managing Director, Swedish Bankers’ Association

Brexit and European Financial Markets

Jeremy Browne, Special Representative for the City of London to the EU
Jens Henriksson, CEO Folksam
Watch the seminar via SNS Play.

Unconventional Credit to Firms during the Financial Crisis

Gustav Martinsson, Research Fellow in Financial Economics, Royal Institute of Technology
Karolina Ekholm, Secretary of State for Minister of Finance Magdalena Andersson

Past events 2016

IMF on Economic and Fiscal Policy in Sweden

Craig Beaumont, Assistant Director, IMF
Jesper Rangvid, Professor of Finance, Copenhagen Business School
Erik Thedéen, Director General, Finansinspektionen (Swedish Financial Supervisory Authority)
Watch the seminar via SNS Play.

Game Over: The Inside Story of the Greek Crisis

George Papaconstantinou, Economist and former Minister of Finance of Greece
Watch the seminar via SNS Play.
Interview with George Papaconstantinou.

Jeremy Browne on Brexit Negotiations and the City of London

Jeremy Browne, Representative for the City of London in the EU.
Watch the seminar via SNS Play.

Jean Pisani-Ferry on the Future of the Euro and EMU

Jean Pisani-Ferry, Professor in Economics and Commissioner General for Policy Planning under Prime Minister Manuel Valls
Karina Ekholm, Secretary of State for Minister of Finance Magdalena Andersson
Lars Calmfors, Professor in International Economics, Stockholm University
Watch the seminar via SNS Play.

Anders Åslund on the State of the Russian Economy

Anders Åslund, Economist and Professor at the Center for Eurasian, Russian and East European Studies at Georgetown University
Elsa Håstad, Assistant Director General at SIDA (Swedish International Development Cooperation Agency)

Britain’s Minister of State for Europe on the Future for the EU

David Lidington, Minister of State for Europe of United Kingdom
Watch the seminar via SNS Play.

How Much Capital Should a Bank Hold?

Erik Thedéen, General Director, Finansinspektionen (Swedish Financial Supervisory Authority)
Martin Flodén, Vice President, Riksbanken (Sweden’s central bank)
Hans Lindberg, Managing Director, Swedish Bankers’ Association
Per Strömberg, Professor of Finance and Private Equity, Stockholm School of Economics

Per Strömberg on Wages in the Finance Sector

Per Strömberg, Professor of Finance and Private Equity, Stockholm School of Economics
Sean Cory, Partner and Nordic Market Leader, Oliver Wyman

Past events 2015

Sergei Guriev on the Russian Economy

Sergei Guriev, Professor of Economics, Sciencies Po

Franklin Allen on China’s Growth and Stock Market

Franklin Allen, Professor of Finance and Economics, Imperial College London and University of Pennsylvania

Hal Varian on Big Data and its Application in the Business Sector

Hal Varian, Chief Economist, Google

Leif Johansson on Business Ownership in Sweden

Leif Johansson, Chairman, AstraZeneca and Ericsson
Erik Thedéen, Managing Director, KPA Pensioner

Anders Borg on the State of the Economy in Finland

Anders Borg, Former Minister of Finance of Sweden

Stefan Ingves on the Exceptionally Low Prime Rate

Stefan Ingves, Governor, Riksbanken (Swedish Central Bank)

A Year with the New Macroprudential Policy

Martin Andersson, General Director, Finansinspektionen (Swedish Financial Supervisory Authority)

Changes in the Banking Sector

Arnoud Boot, Professor of Corporate Finance and Financial Markets, University of Amsterdam

Past events 2014

Sabine Lautenschläger on the Banking Union

Sabine Lautenschläger, Member of the Executive Board, European Central Bank

Hans-Werner Sinn – The Euro Crisis and the Euro

Hans-Werner Sinn, Professor of Economics and Public Finance, University of Munich

Towards a More Stable Banking System

Stefan Ingves, Chairman, The Basel Committee on Banking Supervision
Peter Englund, Professor of Financial Economics, Stockholm School of Economics

Is the Financial Crisis and the European Debt Crisis Over?

Bo Becker, Professor of Corporate Finance, Swedish house of Finance
Karolina Ekholm, Deputy Governor, Riksbanken (Swedish Central Bank)
Kent Janér, Partner, Brummer & Partners

The Financial Crisis in Denmark – Causes, Consequences and Lessons

Jesper Rangvid, Professor of Finance, Copenhagen Business School
Johanna Lybeck Lilja, Secretary of State, Swedish Ministry of Finance

Review of the Government Debt Policy

Kerstin Hessius, Managing Director, Third Swedish National Pension Fund
Staffan Hansén, Managing Director, SPP

What does the Households’ Economy Concern the Swedish Central Bank?

Kerstin af Jochnick, Deputy Governor, Riksbanken (Swedish Central Bank)

Past events 2013

Martin Hellwig on The European Debt Crisis and the Banking Union

Martin Hellwig, Director, Max Planck Institute for Research on Collective Goods
Kerstin af Jochnick, Deputy Governor, Riksbanken (Swedish central bank)

How are Managing Directors’ Wages Developing?

Steven Kaplan, Professor of Entrepreneurship and Finance, Chicago Booth
Kerstin Hessius, Managing Director, Third Swedish National Pension Fund

Where is France Headed?

Xavier Musca, Deputy Chief Executive Officer, Crédit Agricole
Martin Ådahl, Chief Economist, Swedish Centre Party

From Optimal to Robust Fiscal Policy

Per Jansson, Deputy Governor, Riksbanken (Swedish Central Bank)
Marie Giertz, Chief Economist, Swedish Export Credit Corporation

The Crisis and Recovery in Ireland

Lars Frisell, Governor, Central Bank of Ireland
Pär Magnusson, Head of Scandinavian Research, Royal Bank of Scotland

The Crisis in Cyprus

Athanasios Orphanides, Professor of the Practice of Global Economics and Management, MIT Sloan. Former Governor of the Central Bank of Cyprus
Torbjörn Becker, Director, Stockholm Institute of Transition Economics

USA: Is it Time to Stop Stimulating the Economy?

Charles I. Plosser, President of the Federal Reserve Bank of Philadelphia

Will the Traditional Pension Insurance System Make a Comeback?

Anders Sundström, Managing Director, Folksam insurances
Mats Langensjö, Managing Director, Brummer Life

Should Banks be Obligated to Detach Particularly Precarious Business?

Erkki Liikanen, Governor, Bank of Finland
Peter Englund, Professor of Financial Economics, Stockholm School of Economics

Past events 2012

Monetary Policy, Debt and Unemployment

Lars E.O. Svensson, Deputy Governor, Riksbanken (Swedish Central Bank)

One for all, all for one – What would a Common Responsibility for European Banks?

Elena Carletti, Professor of Economics, European University Institute

What Happens if a Country Leaves the Euro?

Sony Kapoor, Managing Director, Re-Define Think Tank and Visiting Fellow, London School of Economics

Monetary Policy

Lars E.O. Svensson, Deputy Governor, Riksbanken (Swedish Central Bank)
Kent Janér, Partner, Brummer & Partners

The Corporate Bond Market

Daniel Barr, Head of Department, Swedish National Debt Office
Daniel Sachs, Managing Director, Proventus

The Danish Way

Julie Galbo, Deputy Director, Danish Financial Supervisory Authority
Anders Kvist, Director of Group Treasury, SEB Bank
Per Strömberg, Professor of Finance and Private Equity, Stockholm School of Economics

Financial Reporting

Nicolas Véron, Co-Founder and Senior Fellow, Bruegel
Sigvard Heurlin, Senior Project Manager, European Financial Reporting Advisory Group

State Ownership

Hans Dalborg, Economist and Commissioner
Erik Åsbrink, Former Minister of Finance of Sweden and Chariman for Alecta

Past events 2011

Credit Rating Agencies

Bo Becker, Assistant Professor of Business Administration, Harvard Business School
Kerstin Hessius, Managing Director, Third Swedish National Pension Fund
Bo Lundgren, Director General, Swedish National Debt Office

Capital Requirements

Paulina Dejmek, Advisor to European Commissioner Michel Barnier
Peter Norman, Minister for Financial Markets of Sweden

European Debt Crisis

Franklin Allen, Professor of Finance and Economics, University of Pensylvania

Ireland

Peter Nyberg, Member of the Commission of Investigation into the Banking Sector in Ireland
Robert Bergqvist, Chief Economist, SEB Bank

Stockholm Stock Exchange

Jens Henriksson, Managing Director, Stockholm Stock Exchange
Mats A. Andersson, Managing Director, Fourth Swedish National Pension Fund