SUERF/OeNB/BWG Conference "Asset-liability management with ultra-low interest rates"
In reply to the financial crisis, "Great Recession" and sovereign debt crisis, many central banks have pursued ultra-easy and far reaching unconventional monetary policies for several years. Yields on various bond calsses - including euro area sovereign bond yields since the sovereign debt crisis has subsided - have reached very low levels. Prices on stocks and real assets have soared. In several countries, markets have been expecting a reversal of the interest rate cycle for some time now. As a result the risk of - possibly substantial - price corrections in all these asset classes may seem to have increased. This environment poses challenges for banks' asset liability and risk management as well as earnings. Institutional investors facing yield pressure may resort to more risky strategies, established forms of investment strageies may no longer be viable. This conference brings together financial practitioners, academics, supervisors and policy makers to jointly discuss relevant challenges, scenarios, options and risks in this situation. Possible consequences for financial stability, the macroeconomy at large as well as adequate policy responses are discussed.
|Organizers:||Société Universitaire Européenne de Recherches Financières SUERF Oesterreichische Nationalbank OeNB Österreichische Bankwissenschaftliche Gesellschaft BWG / Austrian Society for Bank Research|
|Conference venue:||Vienna, Oesterreichische Nationalbank, Kassensaal|
|Classification:||E4 - Money and Interest Rates ; G1 - General Financial Markets ; G2 - Financial Institutions and Services|
|Event type:||Konferenzen, Tagungen; Conferences|