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The 43rd Annual Conference on Bank Structure & Competition

  • Overview
  • Speakers
  • Agenda
  • Accommodations
  • Conference Materials
  • Registration

On May 16–18, 2007, the Federal Reserve Bank of Chicago held its 43rd annual Conference on Bank Structure and Competition at the Westin Hotel in Chicago. Since its inception, the conference has encouraged an ongoing dialogue and debate on current public policy issues affecting the financial services industry. Each year, the conference brings together several hundred financial institution executives, regulators, and academics to examine current policy issues.


The 2007 conference addressed a number of issues including Basel II capital regulation, payday lending activity, the changing real estate markets, risk management, financial stability, banking industry structure and government-sponsored enterprises. However, a number of sessions were dedicated to the conference theme: The Mixing of Banking and Commerce.


As usual, the Wednesday sessions (May 16) showcased more technical research that is of primary interest to research economists in academia and research agencies. The Thursday and Friday sessions were designed to address the interests of a broader audience.

05/16/07
7:30 AM
Registration and Continental Breakfast
8:15 AM
Welcoming Remarks

Douglas D. Evanoff, Senior Financial Economist and Vice President, Federal Reserve Bank of Chicago


8:30 AM
Banking and "Distance" to the Customer

Moderator and Discussant

Gregory F. Udell, Indiana University



Speakers - Distance and Information Asymmetries in Lending

Sumit Agarwal, Federal Reserve Bank of Chicago


Robert Hauswald, American University



Speakers - Banks, Distances and Financing Constraints for Firms

Pietro Alessandrini, Universita Politecnica delle Marche


Andrea F. Presbitero, Universita Politecnica delle Marche


Alberto Zazzaro,  Universita Politecnica delle Marche



Speakers - Rules versus Discretion in Loan Rate Setting

Geraldo Cerquiero, Tilburg University


Hans Degryse, Tilburg University


Steven Ongena, Tilburg University


10:00 AM
Break
10:15 AM
Private and Public Debt

Moderator and Discussant

James R. Booth, Arizona State University



Speakers - The Bank as Grim Reaper: Debt Composition and Recoveries on Defaulted Debt

Mark S. Carey, Board of Governors of the Federal Reserve System


Michael Gordy, Board of Governors of the Federal Reserve System



Speakers - The Information Content of Bank Loan Covenants

Cem Demiroglu, University of Florida


Christopher James, Christopher James



Speakers - Creditor Control Rights and Firm Investment Policy

Gregory Nini, Board of Governors of the Federal Reserve System


David C. Smith, University of Virginia


Amir Sufi, University of Chicago


12:00 PM
Luncheon
1:30 PM
Relationship Lending

Moderator and Discussant

Andrew Winton, University of Minnesota



Speakers - On Loan Sales, Loan Contracting and Lending Relationships

Steven Drucker, Columbia Business School


Manju Puri, Duke University



Speakers - Lending Relationships and Loan Contract Terms: Does Size Matter?

Sreedhar Bharath, University of Michigan


Sandeep Dahiya, Georgetown University


Anand Srinivasan, National University of Singapore


Anthony Saunders, New York University



Speaker - The Impact of Information Asymmetry on Debt Pricing and Maturity

Regina Wittenberg-Moerman, University of Pennsylvania


3:00 PM
Break
3:15 PM
Federal Reserve Bank of Chicago Conference on Bank Structure and Competition—Special Session (Sponsored by the Journal of Financial Services Research)

Moderator

Haluk Ünal, University of Maryland and Journal of Financial Services Research



Speakers - Bank Structure Conference Impact Study

Douglas D. Evanoff, Federal Reserve Bank of Chicago


Philip F. Bartholomew, International Monetary Fund


Robert DeYoung, Federal Deposit Insurance Corporation


Cosmin Lucaci, Brownson, Rehmus & Foxworth, Inc.


Ronnie J. Phillips, Colorado State University



Speakers - Equity Cushions at Large U.S. Banks

Allen N. Berger, Board of Governors of the Federal Reserve System


Robert DeYoung, Federal Deposit Insurance Corporation


Mark J. Flannery, University of Florida



Discussant

Philip Strahan, Boston College



Speakers - Do Capital Ratios Affect Large Bank Profitability? An International Comparison

Elijah Brewer III, DePaul University


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


Larry D. Wall, Federal Reserve Bank of Atlanta



Discussants

Diana Hancock,  , Board of Governors of the Federal Reserve System


Wayne Passmore, Board of Governors of the Federal Reserve System



Speakers - Evidence of Differences in the Effectiveness of Safety Net Management in European Union Countries

Santiago Carbó Valverde, University of Granada and Fundación de las Cajas de Ahorros


Edward J. Kane, Boston College


Francisco Rodríguez Fernández, University of Granada and Funcas



Discussant

Robert A. Eisenbeis, Economic Consultant


5:15 PM
Reception
05/17/07
7:00 AM
Registration and Continental Breakfast
8:15 AM
Welcoming Remarks

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


8:30 AM
Keynote Address

Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System

  • Speech
9:30 AM
Break
9:45 AM
Theme Panel: The Mixing of Commerce and Banking

Moderator

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



Speakers

Charles W. Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University


Camden R. Fine, President and Chief Executive Officer, Independent Community Bankers of America


Cantwell F. Muckenfuss III, Partner, Washington, DC, Office, Gibson, Dunn & Crutcher LLP


Mark J. Tenhundfeld, Director, Office of Regulatory Policy, American Bankers Association


Thomas F. Huertas, Director of Wholesale Firms Division and Banking Sector Leader, Financial Services Authority, UK


12:15 PM
Luncheon

Introduction

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



Keynote

Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation


1:45 PM
Payday Lending

Moderator

Anna Paulson, Federal Reserve Bank of Chicago



Speakers - Payday Lending: Assessing the Importance of Scale to Store Performance

Mark J. Flannery, University of Florida


Katherine A. Samolyk, Federal Deposit Insurance Corporation



Speakers - Strategic Pricing of Payday Loans

Robert DeYoung, Federal Deposit Insurance Corporation


Ronnie J. Phillips, Colorado State University



Speakers - Measuring the Individual Level Effects of Access to Credit: Evidence from Payday Loans

Paige Marta Skiba, University of California, Berkeley


Jeremy Tobacman, University of Oxford


3:30 AM
Break
3:45 AM
Evaluating the Potential Impact of Mixing Banking and Commerce

Moderator

Craig Furfine, Federal Reserve Bank of Chicago



Speakers - The Last Frontier: The Integration of Banking and Commerce in the U.S.

Larry D. Wall, Federal Reserve Bank of Atlanta


Alan K. Reichert, Cleveland State University


Hsin-Yu Liang, Cleveland State University



Speakers - The Value of Location in Bank Competition: Examining the Effect of Wal-Mart Branches

Robert M. Adams, Board of Governors of the Federal Reserve System


Robert B. Avery, Board of Governors of the Federal Reserve System


Ron Borzekowski, Board of Governors of the Federal Reserve System



Speakers - How Bank Regulation, Supervision and Lender Identity Impact Loan Pricing: A Cross–Country Comparison

Li Hao, York University


Debarshi Nandy, York University


Gordon S. Roberts, York University


05/18/09
7:30 AM
Continental Breakfast
8:30 AM
Keynote Address

Introduction

John A. Canning, Jr., Chairman and Chief Executive Officer, Madison Dearborn Partners, Inc., Chairman and Chief Executive Officer, Madison Dearborn Partners, Inc.



Keynote

James A. Leach, Lecturer and John L. Weinberg/Goldman Sachs Visiting Professor, Princeton University and Former Chairman, Committee on Banking and , Financial Services, U.S. House of Representatives


9:15 AM
Break
9:45 AM
Basel II and Risk Management in Financial Markets

Moderator

David A. Dodge, Governor and Chairman of the Board of Directors, Bank of Canada



Speakers

Roger Cole, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System


Jaime Caruana, Counselor and Director, International Monetary Fund


Gary Wilhite, Senior Vice President, Wachovia Bank


Robert R. Davis, Executive Vice President and Management Director of Government Relations, America's Community Bankers


12:00 PM
Luncheon

Introduction

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



Keynote

Christopher Cox, Chairman, U.S. Securities and Exchange Commission

  • Speech
1:45 PM
Concurrent Sessions
Session A: Housing Market Economics

Moderator

Richard Rosen, Federal Reserve Bank of Chicago



Speakers - Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market

Kristopher Gerardi, Federal Reserve Bank of Boston


Harvey S. Rosen, Princeton University


Paul S. Willen, Federal Reserve Bank of Boston



Speaker - Explaining House Price Fluctuations

Christian Hott, Swiss National Bank



Speaker - Interest Rates and Consumer Choice in the Residential Mortgage Market

James Vickery, Federal Reserve Bank of New York


Session B: Bank Risk Taking

Moderator

Hesna Genay, Federal Reserve Bank of Chicago



Speakers - Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition

W. Scott Frame, Federal Reserve Bank of Atlanta


Diana Hancock, Board of Governors of the Federal Reserve System


Wayne Passmore, Board of Governors of the Federal Reserve System



Speakers - How Does Competition Impact Bank Risk?

Gabriel Jiménez, Banco de España


Jose A. Lopez, Federal Reserve Bank of San Francisco


Jesús Saurina, Banco de España



Speakers - Bank Ownership, Market Structure and Risk

Gianni De Nicolò, International Monetary Fund


Elena Loukoianova, International Monetary Fund


Event Information
Date
05/16/07 - 05/18/07
Location
The Westin Hotel
909 N. Michigan Avenue
Chicago, Illinois 60611
Schedule

W 7:30 a.m - 5:15 p.m.

Th 7 a.m. - 5 p.m.

F 7:30 a.m. - 3:30 p.m.

Event Contact
Blanca Sepulveda
(312) 322-8340
E-Mail

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