You are cordially invited to attend the Federal Reserve Bank of Chicago’s 47th Annual Conference on Bank Structure and Competition. The conference has a rich tradition as a leading forum for dialogue on public policy issues affecting the financial services industry.
This year’s conference focuses on Dodd-Frank. The recent financial crisis and recession led to widespread calls for financial regulatory reform. After nearly two years of intense industry and congressional debate, last July saw the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The act is far-reaching and will have a significant impact on financial intermediation and how financial services firms conduct business in the future.
As financial regulation evolved over the past 80 years, it was common to introduce new financial legislation with the claim that “this is the most significant regulatory reform since the Great Depression and the 1933 Banking Act.” Many argue that Dodd-Frank is the new standard because of its broad reach across the industry. Implementation of the act requires the development of some 250 new regulatory rules and various mandated studies to be provided to Congress for review. There is also the need to introduce and staff a number of new entities (bureaus, offices and councils) with responsibility to regulate study, evaluate and promote consumer protection, financial research and financial stability.
There is an array of issues that need to be considered as regulatory reform goes forward. Where are we in the Dodd-Frank implementation process? Will implementation of certain aspects need to be delayed? Are banks undertaking efforts to avoid or cushion the impact of the new rules? What will the resulting impact be on safety and soundness? Will adjustments be needed to fully achieve the objectives of the legislation—for example, do the reforms address the fundamental causes of the crisis?
To address these and related issues, we bring together an impressive list of industry leaders, scholars and regulatory authorities.
- Federal Reserve Chairman Ben S. Bernanke will provide the opening keynote address.
- Sheila Bair, Chairman of the Federal Deposit Insurance Corporation, will provide Thursday's luncheon keynote.
- Neel Kashkari, Managing Director of PIMCO and former Assistant Secretary of the U.S. Treasury Department, will provide Friday's luncheon keynote.
We will also have a panel of industry experts discuss the conference theme, as well as sessions on topics such as BASEL III, systemic risk, household finance, securitization, the effectiveness of “non-standard” government interventions, bank risk-taking, industry responses to new regulations and other policy relevant issues.
The conference will be held at the Hotel InterContinental Chicago, 505 N. Michigan Avenue. Receptions and luncheons will be provided. Information will be updated on the conference website as it becomes available.
Conference registration is now closed. To be added to a waiting list, or for additional information, please contact Blanca Sepulveda (contact information to the right).