13th ILF CONFERENCE on the Future of the Financial Sector

Bank Disintermediation Causes and Consequences
Developments in banking regulation since the global financial crisis, advances in technology, competition from non-bank financial institutions and potentially from central banks through retail central bank digital currencies are converging to the point where we must ask ourselves whether the system which is emerging is really the financial sector we need and want to support economic growth, finance digital transformation and combat climate change and what the consequences of this system will be for monetary policy transmission.

On Friday, January 24th, 2025, the Institute for Law and Finance at the Goethe University, Frankfurt am Main, will be examining these questions at the 13th Conference in its series on the Future of the Financial Sector, co-chaired by Andreas Dombret, Patrick Kenadjian and Oliver Wünsch. The day long conference, conducted in a hybrid mode, will examine separately the effects of four key factors influencing the increasing disintermediation of banks.

The first is the growth and nature of competition from non-bank financial institutions (NBFIs), both from traditional NBFIs, such as money market and other mutual funds, insurance companies, pension funds, private equity and private debt providers and from the possible entry of big tech into financial services.

The second is the possibility that retail central bank digital currencies may undermine banks’ core deposit taking business and reduce their ability to continue to provide loans to consumers and small and medium sized enterprises.

The third is the effect of regulatory reform which, in the wake of the global financial crisis, has led to banks being better capitalized, having more liquidity and being overall more resilient than before the crisis, but at the expense of pushing many traditional banking products and services out of the banking sector and into the less regulated and less transparent non-banking financial sector.

The fourth is the question of what consequences all of these changes will have for the transmission of central banks’ monetary policy.

We will also examine the extent to which the European Capital Markets Union project, which, in its initial form was the subject of the ILF’s Fourth Conference on the Future of the Financial Sector almost ten years ago, in 2015, might provide a solution to the current situation by allowing banks to provide financial services to the economy which are less capital intensive or whether the combination of interests which have so far hindered the project’s progress and of overly ambitious prerequisites for it will continue to slow it down.

Friday, 24 January 2025
Co-chairs: Andreas Dombret, Patrick Kenadjian and Oliver Wünsch

Venue:
Goethe-Universität
Campus Westend, Casino Building
Renate-von-Metzler-Saal (1st Floor)
Nina-Rubinstein-Weg
60323 Frankfurt am Main

Organization:
Institute for Law and Finance

Further information:
Katja Schwidop
Phone: +49 (69) 798-33754, Fax: +49 (69) 798-33921
E-Mail: events@ilf.uni-frankfurt.de
Internet: www.ilf-frankfurt.de
@instituteforlawandfinance

Registration and further infomation concerning this conference series under →