Date: Tuesday 22 November 2016
Time: 6.30-8pm
Venue: OLD3.21, Old Building
Speaker: Professor Xavier Vives
Chair: Dr Simeon Djankov

There will be an overview of the development of ideas about competition in banking from the Depression era as well as recent trends in banking. Xavier Vives will then examine what theory and empirics have to say about the tension between competition and stability in banking. He will argue then that regulation can alleviate the trade-off but not resolve it fully and this leads to the need of coordinating regulation and competition policy. The lecture will conclude with the implications for the regulatory financial architecture and challenges for bankers, regulators and academics.

Xavier Vives is a Spanish economist regarded as one of the main figures in the field of industrial organisation and, more broadly, microeconomics. He is currently Professor and academic director of the Public-Private Sector Research Centre at IESE Business School in Barcelona.

Simeon Djankov is executive director of the Financial Markets Group at LSE. Previously, he was deputy prime minister and minister of finance of Bulgaria from 2009 to 2013. In this capacity, he represented his country at the Ecofin meetings of finance ministers in Brussels. Prior to his cabinet appointment, Djankov was a chief economist of the finance and private sector vice-presidency of the World Bank.

The Financial Markets Group Research Centre (@LSE_FMG) was established in 1987 at the LSE. The FMG is a leading centre in Europe for policy research into financial markets. It is the focal point of the LSE's research communication with the business, policy making and international finance communities. The FMG works alongside the Department of Finance to understand problems in financial markets and in the decision-making processes of corporations, banks and regulators.

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This event is free and open to all but pre-registration is required. Please email Liz Bunting at e.bunting@lse.ac.uk to register. For any queries email e.bunting@lse.ac.uk or call 020 7955 6206.

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