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DESCRIPTION;ENCODING=QUOTED-PRINTABLE:=0D=0A Bank of Finland and SUERF Conference on Monetary Policy Implementation: Old Wisdoms and New Trends =0D=0A Programme Times in Finnish local time (UTC+3 EEST) =0D=0A 8:50 Welcome  Mika Pösö, Bank of Finland =0D=0A 9:00 Keynote speech: A new dawn, a new day, a new life for monetary policy implementation  Normal 0 21 false false false FI X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Aptos",sans-serif; mso-ascii-font-family:Aptos; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Aptos; mso-hansi-theme-font:minor-latin; mso-font-kerning:1.0pt; mso-ligatures:standardcontextual; mso-fareast-language:EN-US;} Tuomas Välimäki, Member of the Board, Bank of Finland=0D=0A 9:30 Keynote speech: Learning by doing Victoria Saporta, Executive Director of the Markets Directorate, Bank of England  =0D=0A 10:00 Keynote Q&A =0D=0A 10:20 Break =0D=0A 10:40=0D=0A Session 1: The Balance Sheet Session chair: Mika Pösö, Bank of Finland =0D=0A   Thomas Vlassopoulos, European Central Bank How much reserves are needed in the steady state? Heidi Elmér, Riksbank Profitability and composition of balance sheet. Can the deposit requirement be part of a solution? Q&A=0D=0A 11:40 Keynote speech: Fernando Restoy, BIS, Financial Stability Institute Addressing banks’ liquidity risks in the new technological and monetary policy environment    =0D=0A 12:10 Keynote Q&A Moderator: Ernest Gnan, SUERF=0D=0A 12:20 Lunch =0D=0A 13:40 Session 2: Instruments and Facilities Session chair: Jens Eisenschmidt, Morgan Stanley  =0D=0A   Gioia Cellai, Banca d'Italia The ECB operational framework review – Some thoughts on the way forward Stéphane Lavoie, Bank of Canada   First experiences of the new normal – The BoC case   Niko Herrala, Bank of Finland Steering rates with a facility rather than operations - The dangers of stigma   Q&A 15:10 Break  =0D=0A 15:30 Session 3: Market for Reserves Session chair: Luis Brandao-Marques, International Monetary Fund=0D=0A   Christoph Rieger, Commerzbank State of the euro money market Sriya Anbil, Board of Governors of the Federal Reserve Pros and cons of the interbank money market – Does the rise of the secured market change the calculus?   Jean-Louis Schirmann, the European Money Markets Institute Why reference rates are important and how does the implementation framework affect them?   Q&A 17:00 Concluding remarks Ernest Gnan, SUERF and Mika Pösö, Bank of Finland=0D=0A The conference is invitation-only and only in person attendance. =0D=0A For questions related to the conference, please contact the Event Coordination Team at MOSihteerit[at]bof.fi.=0D=0A =0D=0A
DTEND:20250611T140000Z
DTSTAMP:20250422T084451Z
DTSTART:20250611T060000Z
LOCATION:Helsinki, Finland
SUMMARY:Bank of Finland and SUERF Conference on Monetary Policy Implementation: Old Wisdoms and New Trends
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