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good afternoon and welcome to this online seminar my name is Pierre Schlosser Im the scientific coordinator of the Florence school of banking and finance it is a real pleasure for me to welcome you to todays online seminar on liquidity and resolution we will reflect today on the coexistence complementarity and perhaps precise division of labor between a new resolution regime and a liquidity and funding system in that context you can expect a few intriguing acronyms in our discussion of today that is why we have prepared an acronym box for those of you who are not too familiar with all aspects of liquidity and resolution and there are many having said that Im very glad to be in the company today of Patrick online from the Peterson Institute for International Economics and from Trinity College Dublin Patrick is our moderator today good afternoon Patrick Patrick would introduce us in a minute choose a topic of the day and to our two speakers Dominic lab away from the signal resolution