To the attention of the Chief Economists of the European Association of Public Banks, to whom it may concern
Brussels, 27 August 2010
Re: Second Chief Economist Meeting of the EAPB on Friday, 19 November 2010 in Brussels, Belgium
Dear Madam,
Dear Sir,
We have the pleasure of inviting you to the second EAPB Chief Economist Meeting which will be hosted by the European Association of Public Banks (EAPB) and which will take place in Brussels (exact venue to be confirmed) on
Friday, 19 November 2010 at 9:00 a.m.
The draft agenda is enclosed in the addendum. If you have any issues you would like to discuss, please inform us accordingly.
On the evening of 18 November 2010, you are kindly invited to a dinner. May we kindly ask you to return the enclosed participation bulletin confirming your or your representative’s attendance or non attendance to registration@eapb.eu by 15 October 2010 latest.
An accommodation contingent has been reserved at the:
Hotel Méridien
CARREFOUR DE L’EUROPE 3 (Next to the Brussels Grand Place)
http://www.starwoodhotels.com/lemeridien/property/overview/index.html?propertyID=1914
We look forward to welcoming you.
Kind regards,
Henning Schoppmann Miriam Roemers Lena Bäcker
EAPB, Secretary General EAPB, Public Relations Manager Kommuninvest, Chief Economist
Draft Agenda
I) Targeted participants
Chief Economists (or equal function)
II) Suggestions for possible topics
1. Main outlook for Europe in the coming years
(For example: The perspectives for 2011, Is the current recovery sustainable or is a double dip to be expected?, -State of play of the savings initiatives, especially by the PIGS countries , -Situation of the liquidities of the Central Bank, Risks of deflation, Evaluation of the Stress Test: Dream or Reality? The influence of Great Britain on the economic situation in Europe?)
2. Basel III
From the point of view of the real economy
-How does Basel III affect municipalities, the private sector, the Gross Domestic Product (GDP) etc.
-Assessment of the macroeconomic impact of stronger capital and liquidity requirements)
(Source: http://www.bis.org/press/p100818.htm)
3. Europe and international cooperation (G20)
It is the purpose of the G20 to bring together major advanced and emerging economies to stabilize the global financial market. In the frame of the crisis, since 2008, the G20 members were called upon to further strengthen international cooperation.
-To what extent does this international cooperation take place on which points should this international cooperation be improved?
-How Europe will be effected from the other international economies, especially from the emerging markets
III. Possible Format
Presentations of the EAPB members and/or potential members
Possible external speakers: European Central Bank and European Commission
-You are kindly invited to inform the EAPB (lena.backer@kommuninvest.se and miriam.roemers@eapb.eu) which topics in the above-mentioned list seem to be most important to you or which additional topics should be discussed.
Please also inform if you are interested in giving a presentation on a specific topic
-Thank you for your feedback by 15 September 2010 latest.
-Comments on / Proposals for the format are equally welcome.
-Following your received feedback the final agenda will be set up and is intended to be e-mailed to you by end September.
EAPB Chief Economists Network – History and Background Information Sheet
In the course of 2009 Lena Bäcker, Chief Economist at Kommuninvest Sweden, one of the EAPB members, launched the idea of setting up a Chief Economist Network. On 19 March 2010 the idea was presented to the General Assembly of the European Association of Public Banks and was accepted.
On 3 and 4 June 2009 the first meeting of the EAPB Chief Economist Network took place in Varna. The first meeting was a platform which gave important insights how the EAPB members see the post-crisis financial and macro-economic environment in the European Union and how we can learn from each other’s experience in managing the crisis.
Mr. Schoppmann, Secretary General of the EAPB opened the session. Mr. Rumen Simeonov, Deputy Governor of the Bulgarian National Bank was one of the main speakers of the meeting.
Mr. Langedijk from the European Commission, Directorate General Economic and Financial Affairs (DG ECFIN) presented the ongoing discussion concerning “The Stability and Growth Pact: Do we need a reform?”.
Chief economists and experts of EAPB Member Banks from Bulgaria, Denmark, Germany, Hungary, Latvia, Sweden, the Netherlands, and also of banks of Italy and Macedonia took part in the meeting and elucidated the current economic situation in their respective countries.
Most experts supported the notion of a slight recovery of the European Economy due to a gain in confidence, a return to the job market. An important issue was that the total amount of loans to enterprises granted by public banks was considerably high. Public banks, especially the development banks, and funding agencies play a decisive role in supporting and boosting local economies in crisis.
The presentations are available in the EAPB Website under the following link:
More can be read on http://www.kommuninvest.se/blogg/category/english/
The blog is written in Swedish and in English.
What is the EAPB:
The European Association of Public Banks (EAPB) was founded on 4 May 2000. Members of the EAPB are financial institutions, funding agencies, public banks, associations of public banks and banks with similar interests and have to be domiciled in a Member State of the European Union (EU), in Switzerland, in a signatory state of the European Economic Area (EEA-Treaty) or in a state whose application for Membership of the European Union has been officially accepted.
The EAPB has members from various European countries and represents about 100 financial institutions. As a whole, they have a European market share of approximately 15%, a balance sheet total of about € 3.500 billion and they represent about 190.000 employees.
The EAPB is a member of the European Banking Industry Committee (EBIC) through which the seven main European banking associations represent their interests collectively towards the European institutions.
Lena Bäcker
Chief Economist
Kommuninvest in Sweden
The Swedish Local Government Debt Office
For more information:
2010_11_18and19_EAPB_Chief Economist Meeting_Brussels_DRAFT AGENDA
2010_11_18and19_EAPB_Chief Economist Meeting_Brussels_INVITATION and PARTICIPATION BULLETIN
2010_11_18and19_EAPB_Chief Economist Meeting_HISTORY_BACKGROUND (2)
