5th Conference on the Spanish banking sector.
The Spanish banking sector after its rescue: Present and future

In collaboration with:

Objectives

Following the impact of the crisis, the Spanish banking sector has undergone a deep restructuring process consisting in the consolidation of the sector (reducing the number of competitors), a 23% reduction in the number of bank branches, a write-down equivalent to 25% of GDP, the improvement of bank capitalization, etc. The intensity of the crisis forced the government to nationalize part of the sector injecting 61,000 million euros from public funds and to request financial aid from the European funds.

As highlighted in the reviews carried out by the European Commission, the European Central Bank and the International Monetary Fund of the financial assistance programme for Spain, the efforts carried out have resulted in a stronger, safer and more efficient banking system. However, those reports also indicate that there are major challenges pending that can slow down the pace of the sector’s recovery, with the consequences that this would have for their profitability. The weakness of the economic recovery, the scenario of low interest rates, the deleveraging process of the economy, the impact of regulatory changes, the new competitive environment in the context of the Banking Union, etc. are challenges that the Spanish banking sector will have to face and will determine its recovery of profitability.

In this context, this conference aims to review the restructuring process carried out to correct the imbalances accumulated in the previous expansion stage, and analyse the weaknesses that still exist and the challenges that the sector will face in the immediate future. To do this, as on previous occasions, the conference will bring together a group of experts including bank directors, researchers, academics and directors of institutions directly involved in the restructuring of the Spanish banking sector.

The conference is divided into two round table debates: one dedicated to the future of the sector after its rescue and another where the directors of two financial institutions which have actively participated in the restructuring of the sector will relate their experiences. In addition to an introductory session which will analyse the pending challenges, the closing conference by the Director-General of the FROB (Fund for Orderly Bank Restructuring) will review the progress of the bank restructuring in Spain.

Programme

9:15–9:30 Apertura y presentación

Esteban Morcillo, Rector Magnífico de la Universitat de València

9:30–10:00

”La reestructuración del sector bancario español: retos pendientes”
Joaquín Maudos, Universitat de València, Ivie y CUNEF

10:00–11:30

Mesa redonda sobre “El futuro del sector bancario tras el rescate”
Santiago Fernández de Lis, BBVA Research
Alberto Placencia, Ernst & Young
Rocío Sánchez, Ministerio de Economía y Competitividad

11:30–12:00 Pausa – café

12:00–13:15

Mesa redonda sobre “Experiencias y lecciones de la reestructuración bancaria”
Miguel Montes, Banco Sabadell
José Sevilla, Bankia

13:15–14:00 Conferencia de clausura

“La reestructuración bancaria en España”
Antonio Carrascosa, FROB

14:00 Clausura del Acto

Juan Carlos Moragues, Conseller de Hacienda y Administración Pública

Coordinator

Joaquín Maudos, Catedrático de Fundamentos del Análisis Económico de la Universitat de València, Investigador del Ivie y colaborador del CUNEF

Participants

Antonio Carrascosa, Director General del FROB
Santiago Fernández de Lis, Economista Jefe Sistema Financiero del BBVA Research
Joaquín Maudos, Catedrático de Fundamentos del Análisis Económico de la Universitat de València, Investigador del Ivie y colaborador del CUNEF
Miguel Montes, Director General del Banco Sabadell
Alberto Placencia, Socio responsable del Sector Financiero de Ernst & Young
Rocío Sánchez, Subdirectora General de Análisis Estratégico y Sistema Financiero Internacional, Ministerio de Economía y Competitividad
José Sevilla, Director General de Presidencia de Bankia

Venue

Fundación Universidad-Empresa, Adeit
Plaza Virgen de la Paz, 3
46001 Valencia