The new era of central bank policy and operations
Having carried out rapid monetary tightening in 2022-23, central banks are now debating when and how to ease policy – and how best deploy to their balance sheets in what will hopefully be a new ‘steady state’ for monetary policy. The European Central Bank is due to finalise its operational framework review in spring 2024, while other central banks are undertaking similar rethinking.
This in-person seminar delves into the future implementation of central bank policy levers, particularly for the ECB. It also investigates the macroeconomic position and outlook. With a focus on financial market implications, speakers will explore how central banks’ refashioned operational approach will dovetail with overall monetary policy. The invitation-only meeting convenes around 25 attendees from central banks, international organisations and the financial services sector.
Speakers
Harald Benink
Professor of Banking and Finance
Tilburg University
Harald Benink
Professor of Banking and Finance
Tilburg University
Seth Carpenter
Global Chief Economist
Morgan Stanley
Seth Carpenter
Global Chief Economist
Morgan Stanley
Alexandre Gautier
Deputy Director General, Financial Stability and Operations
Banque de France
Alexandre Gautier
Deputy Director General, Financial Stability and Operations
Banque de France
Trevor Greetham
Head of Multi Asset
Royal London Asset Management
Trevor Greetham
Head of Multi Asset
Royal London Asset Management
James John
Director, Offices in Europe and Senior Resident Representative to the EU
International Monetary Fund (IMF)
James John
Director, Offices in Europe and Senior Resident Representative to the EU
International Monetary Fund (IMF)
James John is director of offices in Europe and senior resident representative to the EU at the International Monetary Fund. John served most recently as mission chief for Georgia and as an adviser to IMF managing directors Christine Lagarde and Kristalina Georgieva. He was also deputy division chief for advanced economies where he focused on the euro area, mission chief for Slovakia and assistant to the director.
David Marsh
Chairman
OMFIF
David Marsh
Chairman
OMFIF
David Marsh is Chairman and Co-Founder of OMFIF. Before starting at OMFIF in late 2009, he worked for City merchant bank Robert Fleming, corporate finance boutique Hawkpoint, German management consultancy Droege and London investment firm London & Oxford. Marsh took over the chairmanship from John Plender on 1 January 2018 having been Managing Director since 2014. He moved to a non-executive role following John Orchard’s appointment as Chief Executive effective 1 January 2020.
Emanuel Mönch
Professor of Financial and Monetary Economics
Frankfurt School of Finance and Management
Emanuel Mönch
Professor of Financial and Monetary Economics
Frankfurt School of Finance and Management
Edoardo Reviglio
Professor of Economics
LUISS Guido Carli
Edoardo Reviglio
Professor of Economics
LUISS Guido Carli
Sascha Steffen
Vice President for Research, Professor of Finance
Frankfurt School of Finance & Management
Sascha Steffen
Vice President for Research, Professor of Finance
Frankfurt School of Finance & Management
Karsten Stroborn
Director General, Markets
Deutsche Bundesbank
Karsten Stroborn
Director General, Markets
Deutsche Bundesbank
Tuomas Välimäki
Member of the Board
Bank of Finland
Tuomas Välimäki
Member of the Board
Bank of Finland
Timings
13:30 – 13:55 Arrival and registration
13:55 – 14:00 Welcome remarks
14:00 – 15:00 Session I: Managing excess liquidity
15:00 – 15:15 Refreshment break
15:15 – 16:15 Session II: Navigating quantitative tightening
16:15 – 16:30 Refreshment break
16:30 – 17:30 Session III: Macroeconomic outlook and future prospects
17:30 – 17:35 Closing remarks
17:35 – 18:45 Drinks reception
In partnership with
