Sixth Annual International Banking Conference

Malcolm D. Knight,  General Manager,  Bank for International Settlements

Charles L. Evans,  Senior Vice President and Director of Research,  Federal Reserve Bank of Chicago

Moderator

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

Market Discipline in Banking: Where Do We Stand?

Jean-Charles Rochet,  Toulouse University

Market Discipline: Players, Processes and Purposes

Robert R. Bliss,  Federal Reserve Bank of Chicago

Market Discipline for Financial Institutions and Sovereigns

Hal S. Scott,  Harvard Law School

Discussant

Kostas Tsatsaronis,  Bank for International Settlements

Moderator

Anil Kashyap,  University of Chicago

Market Discipline of U.S. Financial Firms: Recent Evidence and Research Issues

Mark Flannery,  University of Florida

Stanislava Nikolova,  University of Florida

Bank Market Discipline and Indicators of Banking System Risk: The European Evidence

Reint Gropp,  European Central Bank

Weakening Market and Regulatory Discipline in Japanese Financial System

Mitsuhiro Fukao,  Keio University

Market Discipline in Emerging Economics: Beyond Bank Fundamentals

Eduardo Levy-Yeyati,  Universidad Torcuato Di Tella

Maria Soledad Martinez Peria,  World Bank

Sergio L. Schmukler,  World Bank

Discussant

David Llewellyn,  Loughborough University

Introduction

Claudio Borio,  Bank for International Settlements

Speaker

Thomas Jones,  Vice Chairman,  International Accounting Standards Board

Introduction

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

Speaker

Anne Krueger,  First Deputy Managing Director,  International Monetary Fund

Moderator

David Marshall,  Federal Reserve Bank of Chicago

Market Discipline in Insurance and Reinsurance

Scott E. Harrington,  University of South Carolina

Conflicts of Interest and Market Discipline among Financial Service Firms

Ingo Walter,  New York University

Market Discipline and Corporate Control

Clifford W. Smith, Jr.,  University of Rochester

Discussant

Luigi Zingales,  University of Chicago

Moderator

Charles L. Evans,  Senior Vice President and Director of Research,  Federal Reserve Bank of Chicago

Capital Controls: Mud in the Wheels of Market Discipline

Kristen Forbes,  Member-Designate,  President's Council of Economic Advisers

Equity Integration in Times of Crisis

Robert P. Flood,  International Monetary Fund

Andrew K. Rose,  University of California at Berkeley

Discussant

Andrew Haldane,  Bank of England

Introduction

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

Speaker

Malcolm D. Knight,  General Manager,  Bank for International Settlements

Moderator

David Mayes,  Bank of Finland

U.S. Corporate Governance: What Went Wrong and Can It Be Fixed?

Franklin R. Edwards,  Columbia University

The Agency Costs of Overvalued Equity and the Reform of Corporate Governance

Michael C. Jensen,  Monitor Group and Harvard University

Current Issues in European Corporate Governance

Marco Becht,  Universite Libre de Bruxelles

Colin Mayer,  Oxford University

Evolving Corporate Governance in Japan

Hugh Patrick,  Columbia University

Quis Custodiet Ipsos Custodes? Controlling Conflicts of Interest in the Financial Industry

Eugene N. White,  Rutgers University

Moderator

Randall Kroszner,  University of Chicago

The Role and Limitations of Financial Accounting and Auditing for Market Discipline

George J. Benston,  Emory University

Fair Values and Financial Statement Volatility?

Mary Barth,  Stanford University

The Enron Failure and Corporate Governance Reform

Charles M. Elson,  University of Delaware

Christopher J. Gyves,  Wake Forest University School of Law

Discussant

Shyam Sunder,  Yale University

Introduction

Jack B. Evans,  The Hall-Perrine Foundation

Speaker

Susan Schmidt Bies,  Member,  Board of Governors of the Federal Reserve System

Introduction

Malcolm D. Knight,  General Manager,  Bank for International Settlements

Keynote

Jaime Caruana,  Governor, Bank of Spain and Chairman, Basel Committee on Banking Supervision

Moderator

James Nelson,  Federal Reserve Bank of Chicago

Can the Unsophisticated Market Provide Discipline?

Gerard Caprio,  World Bank

Patrick Honohan,  World Bank

Can the Invisible Hand Strengthen Prudential Supervision?

Richard J. Herring,  University of Pennsylvania

Dealing with Destabilizing Market Discipline

Daniel Cohen,  École Normale Supéricure and Cepremap

Richard Portes,  London Business School and Columbia University

Discussant

Charles Freedman,  Carleton University

Moderator

William C. Hunter,  University of Connecticut and Federal Reserve Bank of Chicago

Panelists

Charles Calomiris,  Columbia University

Christine Cumming,  Federal Reserve Bank of Chicago

Lawrence Harris,  Securities and Exchange Commission

Patricia Jackson,  Bank of England and Basel Committee on Banking Supervision