Seminar ‘The history of governance of trade and international finance’
14 November 2018
Jointly organised with: European University Institute
This seminar discussed the history of the architecture of economic challenges, starting from the 1970s, which marked a turning point in global governance. Mounting international challenges led to the establishment of new top-level institutions, an expansion of the multilateral trade regime, and a consolidation of the international financial system. This event highlighted that underlying governance norms that emerged then have held until now, but new geopolitical and geoeconomical challenges may yet upend them.
Seminar ‘The Governance of Competition Policy: Cooperation and Extraterritoriality’
16 October 2018
Jointly organised with: Bruegel
“It is a strange system, that shouldn’t work on paper, but does in practice. The functioning of the global competition policy system is a miracle to be preserved.”
This seminar focused on competition policies, which have the potential to affect trade, service provision and regulation beyond their territorial scope. Speakers examined how they are conducted and coordinated, so that their effectiveness can be assessed and governance further developed.
Competition policy sits uncomfortably between its national basis and its extraterritorial effects. Voluntary cooperation and coordination has proved successful until now, but will it last?
Seminar ‘Governance of international banking’
12-13 September 2018
Jointly organised with: Bocconi University; Florence School of Banking and Finance
“Having uniform regulation without uniform supervision is like having a lighthouse and not switching it on.”
This closed-doors seminar examined what regulatory paths the banking sector took after the global financial crisis, and what instruments have been put in place to prevent and manage future crises. It also took a look at what challenges technological innovations, cryptocurrencies in particular, pose to banking governance.
Progress has been made in devising and tightening banking regulation since the financial crisis, but is it enough to avert a new one?
Banking regulation follows a fairly effective non-mandatory, coordinate-and-review model, but is it resilient enough against disruption?
Workshop ‘The Governance of International Trade: Reshape or Demise?’
19-20 June 2018
Jointly organised with: Global Governance Programme, EUI
Focusing on the governance of international trade, the first sectoral seminar was organised in conjunction with the Global Economics research team of the EUI’s Global Governance Programme. Conclusions drawn were that the WTO suffers from near-paralysis due to it no longer reflecting current geopolitical and business situations. Bypasses have been crafted to further regional integration and deepen policy coordination, but the architecture of trade governance is at serious risk of collapse due to a crisis of leadership and an over-burdening of its adjudication system.
Trade rules and institutions are outdated and its geopolitics have shifted. Trade is no longer just about trade. What models and principles can be drawn on to bolster trade governance?
Inaugural lecture and seminar of the Tommaso Padoa-Schioppa chair, ‘The Transformation of Global Governance’
9 April 2018
Jointly organised with: Robert Schuman Centre for Advanced Studies, EUI
The Chair Holder presented the Transformation of Global Governance Project, outlining the issues and questions animating it and sketching out the future research agenda.
Why does global governance matter? What is the current state of global governance? Where can we go from there?