Third Annual International Banking Conference

Welcoming Remarks

William C. Hunter, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago

Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago

Session 1: Review of Recent Financial Crises

Moderator

Stefan Ingves, International Monetary Fund

Panelists

Ricardo Hausmann, Inter-American Development Bank

Masayuki Matsushima, Bank of Japan

Mark C. Medish, U.S. Department of the Treasury

Pekka Sutela, Bank of Finland

Session 2: Review of Policy Responses

Moderator

Leo Melamed, Sakura Dellsher, Inc., and Chicago Mercantile Exchange

Panelists

Michael Mussa, International Monetary Fund

Joseph E. Stiglitz, World Bank

Edwin M. Truman, U.S. Department of the Treasury

John Hawkins, Bank for International Settlements

Discussant

Anna J. Schwartz, National Bureau of Economic Research

Dinner

Introduction

Robert J. Darnall, President and Chief Executive Officer, Ispat North America Inc.

Keynote

Andrew Crockett, General Manager, Bank for International Settlements

Session 3: What Have We Learned from the Crises and Policy Responses?

Moderator

Karen H. Johnson, Board of Governors of the Federal Reserve System

Panelists

Sebastian Edwards, University of California at Los Angeles

Ronald I. McKinnon, Stanford University

William R. White, Bank for International Settlements

Discussants

Robert Z. Aliber, University of Chicago

Kihwan Kim, Media Valley, Incorporated, Korea

Session 4: Redesign of Capital Regulations

Moderator

Joseph R. Bisignano, Bank for International Settlements

Panelists

Robert E. Litan, Brookings Institution

Danièle Nouy, Basel Committee on Banking Supervision

H. Onno Ruding, Citibank

Discussants

Michel Crouhy, Canadian Imperial Bank of Commerce

Martin Hellwig, University of Mannheim, Germany

Ryozo Himino, Financial Supervisory Agency, Japan

Lunch

Introduction

Verne G. Istock, Chairman, Bank One Corporation

Keynote

Laurence H. Meyer, Board of Governors of the Federal Reserve System

Session 5: Deposit Insurance Reform and Moral Hazard and Agency Problems

Moderator

David D. Hale, Zurich Group

Panelists

Peter M. Garber, Deutsche Bank, London

Frederic S. Mishkin, Columbia University

Jean-Charles Rochet, Toulouse University, France

Discussants

Gerard Caprio, Jr., World Bank

Guillermo J. Escudé, Central Bank of Argentina

Session 6: Nonbank Financial Institutions, Too Big to Fail and State Ownership

Moderator

William C. Hunter, Federal Reserve Bank of Chicago

Panelists

Thomas M. Hoenig, Federal Reserve Bank of Kansas City

Simon Johnson, Massachusetts Institute of Technology

David A. Lipton, Moore Capital Management

Charles M. Lucas, American International Group, Inc.

Dinner

Introduction

Michael H. Moskow, President, Federal Reserve Bank of Chicago

Keynote

William J. McDonough, President, Federal Reserve Bank of New York

Session 7: Role of Supervision and Regulation

Moderator

John J. Wixted, Jr., Federal Reserve Bank of Chicago

Panelists

Paul Cantor, Toronto International Leadership Center for Financial Sector Supervision

Huw Evans, Financial Services Authority, United Kingdom

Brian Gray, Australian Prudential Regulation Authority

Alejandro Reynoso del Valle, Banco de México

Richard Spillenkothen, Board of Governors of the Federal Reserve System

Session 8: Future of Official International Organizations

Moderator

George G. Kaufman, Loyola University Chicago and the Federal Reserve Bank of Chicago

Panelists

John Eatwell, Cambridge University, United Kingdom

Morris Goldstein, Institute for International Settlements

André Icard, Bank for International Settlements

Raymond F. Mikesell, University of Oregon

Jürgen Stark, Deutsche Bundesbank, Germany

Thomas D. Wilett, Claremont Graduate University and Claremont McKenna College

Conference Summary and Closing Remarks

Randall S. Kroszner, University of Chicago and the Federal Reserve Bank of Chicago

George G. Kaufman, Loyola University Chicago and the Federal Reserve Bank of Chicago