At the invitation of the Institute of Banking of the Warsaw School of Economics (Szkoła Główna Handlowa w Warszawie, SGH), Prof. Urs Lendermann held a lecture in the Polish capital on "International Cooperation in Banking Regulation". In the future, the two universities want to intensify their cooperation. 

Following an introduction by the Director of the Institute, Prof. Małgorzata Zaleska, formerly President of the Warsaw Stock Exchange and, among others, member of the Economic and Financial Committee of the Council of the European Union, Lendermann explained the interplay between economic, political, fiscal and prudential interests in banking regulation. As an example, he cited the recently concluded negotiations in the Basel Committee on Banking Supervision on the degree of risk sensitivity of capital requirements (finalization of Basel III) and the design of host country supervision for local subsidiaries of international banking groups. The latter is an issue that is of considerable importance to Poland. Lendermann pleaded to adhere to the idea of international cooperation even today, provided that the opportunities and risks of banking business are distributed fairly. 

Active exchange

The event for professors, staff and students of the Institute of Banking took place as part of the cooperation between the University of Applied Sciences of Deutsche Bundesbank and the Warsaw School of Economics. Last year, Professors Marcin Gospodarowicz and Jan Kolesnik held lectures on financial market topics in Hachenburg. 

During his stay, Lendermann engaged with representatives of the Polish Financial Market Authority and examined the Money Museum of the National Bank of Poland. On a joint city tour the still present wounds of the German tyranny and the traces of the termination of the Polish Jews were viewed – the date of arrival coincided with the 75th anniversary of the liberation of the concentration camp in Auschwitz. 

© Szkoła Główna Handlowa w Warszawie

The visit came to a close at an institute dinner at the invitation of Prof. Zaleska. All participants once again emphasized their great professional and personal similarities, and Lendermann, on behalf of the rector of the Deutsche Bundesbank University of Applied Sciences, pronounced an invitation for Polish Professors to Hachenburg. In a joint meeting with Vice-Rector for international affairs Prof. Jacek Prokop and Ms. Elzbieta Fonberg-Stokłuska, the delegation previously explored opportunities for deepening cooperation among both schools on an academic and student level.