- , Federal Reserve Bank of Chicago

Thursday, September 25

9:00 a.m.		Registration and Continental Breakfast
9:40 a.m.		Welcoming Remarks Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago José Manuel González-Páramo, Board Member, European Central Bank
10:00 a.m.		Session I: What Happened, Where? Moderator Douglas D. Evanoff, Federal Reserve Bank of Chicago United States Robert DiClemente, Citigroup Europe Jesús Saurina, Bank of Spain Rest of the World Laura E. Kodres, International Monetary Fund Discussant and Commentator John P. C. Fell, European Central Bank
12:00 p.m.		Luncheon and Keynote Address Introduction Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Speaker Paola Sapienza, Associate Professor of Finance, Zell Center Faculty Fellow, Northwestern University, Kellogg School of Management
2:00 p.m.		Session II: How Serious Is the Damage? Moderator Philipp Hartmann, European Central Bank Major Losses and Failures (PDF,1.84MB) Patrick Honohan, Trinity College, Dublin Damage to Financial Markets S. (Vish) Viswanathan, Duke University Effects to Real Economy (PDF,150KB) David Greenlaw, Morgan Stanley Discussant and Commentator How Serious Is the Damage? (PDF,120KB) Christopher Kent, Reserve Bank of Australia
3:45 p.m.		Break
4:00 p.m.		Session III: Why Did It Go Undetected/Underestimated for So Long? Moderator Garry J. Schinasi, International Monetary Fund Pricing Risk Joseph R. Mason, Louisiana State University Securities Spillovers and Complexity (PDF,380KB) John Hull, University of Toronto The Role of Rating Agencies (PDF,154KB) Frank Partnoy, University of San Diego School of Law Discussant and Commentator Mark Zandi, Moody's Economy.com
5:45 p.m.		Reception
6:45 p.m.		Dinner and Keynote Address Introduction Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia Speaker José Manuel González-Páramo, Board Member, European Central Bank
Friday, September 26

7:30 a.m.		Registration and Continental Breakfast
8:15 a.m.		Session IV: Experience with Crisis Management Moderator Richard J. Rosen, Federal Reserve Bank of Chicago Euro Area (PDF, 344KB) Nuno Cassola, European Central Bank Cornelia Holthausen, European Central Bank Flemming Würtz, European Central Bank United Kingdom Nigel Jenkinson, Bank of England United States Richard J. Rosen, Federal Reserve Bank of Chicago
10:00 a.m.		Break
10:15 a.m.		Session V: Implications for Basel II and Bank Capital Regulation Moderator Harald A. Benink, Tilburg University (Netherlands) Role of Risk Models (PDF,344KB) Michel Crouhy, Natixis Corporate and Investment Bank Role of Supervision Cathy Lemieux, Federal Reserve Bank of Chicago Role of Market Discipline (PDF, 280KB) Mark J. Flannery, University of Florida Discussant and Commentator Robert E. Litan, Kauffman Foundation
12:15 p.m.		Luncheon and Keynote Address Introduction José Manuel González-Páramo, Board Member, European Central Bank Speaker Kenneth W. Dam, Max Pam Professor Emeritus of American and Foreign Law, University of Chicago Law School
2:15 p.m.		Session VI: Implications for Regulation of Financial Markets and Instruments Moderator Olli Castrén, European Central Bank Role of Financial Engineering (PDF,70KB) Mark Carey, Board of Governors of the Federal Reserve System Complex Securities Markus K. Brunnermeier, Princeton University Martin Oehmke, Columbia University Aligning Incentives (PDF,537KB) Adam B. Ashcraft, Federal Reserve Bank of New York Discussant and Commentator James Overdahl, U.S. Securities and Exchange Commission
4:00 p.m.		Break
4:15 p.m.		Session VII: Policy Panel: Where to from Here? Moderator George G. Kaufman, Loyola University Chicago and Federal Reserve Bank of Chicago Panelist Philipp Hartmann, European Central Bank Richard Herring, Bundesanstalt für Finanzdienstleistungsaufsicht (German Federal Financial Supervisory Authority) Takatoshi Ito, University of Tokyo Henry Kaufman, Henry Kaufman & Company Sam Peltzman, Swiss National Bank Lawrence R. Uhlick, Institute of International Bankers
6:00 p.m.		Reception
6:45 p.m.		Dinner and Keynote Address Introduction Douglas D. Evanoff, Federal Reserve Bank of Chicago Speaker Charles H. Dallara, Managing Director, Institute of International Finance

		Conference Coordinators Douglas Evanoff, Federal Reserve Bank of Chicago Philipp Hartmann, European Central Bank George Kaufman, Loyola University Chicago and Federal Reserve Bank of Chicago
		Last updated: November 18, 2008

Eleventh Annual International Banking Conference

Credit Market Turmoil of 2007–08: Implications for Public Policy