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The 29th Annual Conference on Bank Structure & Competition

Since the early 1960s, the Federal Reserve Bank of Chicago’s Conference on Bank Structure and Competition has served as a forum for academics, regulators and industry participants to debate current issues affecting the financial services industry. Each year the purpose of the conference is to continue that tradition. This retrospective on the history and evolution of the conference reviews the past four decades of conferences.

 

The primary motivating factor for the conference was the passage of the 1960 Bank Merger Act and the U.S. versus Philadelphia National Bank Supreme Court decision. Suddenly, bank regulatory agencies were required to consider competitive factors in addition to banking factors when evaluating bank merger applications. Each of the Federal Reserve Banks was encouraged to survey the existing literature on bank structure and develop its own research agendas on these issues. This year's theme was FDICIA: An Appraisal—Renaissance, Requiem or Just Another Acronym?

Wednesday, 05/05/93
8:00 AM
I. Special Addresses
FDICIA and the Future of Banking Law and Regulation
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
Back to the Basics
John G. Heimann, Merrill Lynch Capital Markets
Dangers of a Bifurcating Bank System
Edward J. Kane, Boston College
The Outlook for Banking: Is the Crisis Over?
George M. Salem, Prudential-Bache Securities
The Banking Crisis in Perspective
L. William Seidman, CNBC
10:00 AM
II. Systemic Risk
Comments on Systemic Risk
Malcolm P. Basing, Swiss Bank Corporation, Canada
The Role of Regulation in System Stability
Wendy L. Gramm, Commodity Futures Trading Commission
Swaps and Systemic Risk in Interbank Markets
Merton H. Miller, University of Chicago
12:00 PM
III. Estimating BIF Losses
Estimating BIF Losses: A Discussion of Various Methods
Philip F. Bartholomew, Congressional Budget Office
Thomas J. Lutton, Congressional Budget Office
Estimating BIF Losses: Secrets to Accurate Forecasting
Bert Ely, Ely & Company, Inc.
BIF Loss Exposure: A Simple Actuarial Approach
George E. French, Federal Deposit Insurance Corporation
2:00 PM
IV. The Response of Banks to Capital Shocks
Risk-Based Capital and Bank Growth
Herbert L. Baer, Federal Reserve Bank of Chicago
John N. McElravey, Federal Reserve Bank of Chicago
Domestic and International Capital Standards and Bank Assets
Diana Hancock, Board of Governors of the Federal Reserve System
James A. Wilcox, University of California, Berkeley
Impact of Capital Requirements on the Behavior of Banks and Its Macroeconomic Implications: Japan's Experience
Ryoichi Shinagawa, Bank of Japan
Thursday, 05/06/93
8:00 AM
V. Risk-Taking by Banks
The Effect of Capital on Portfolio Risk at Life Insurance Companies
Elijah Brewer III, Federal Reserve Bank of Chicago
Thomas H. Mondschean, DePaul University
Philip E. Strahan, University of Chicago
Increased Risk-Taking versus Local Economic Conditions as Causes of Bank Failures
William R. Emmons, Dartmouth College
Project Choice, Moral Hazard and Optimal Subsidiary Structure for Intermediaries
Charles M. Kahn, University of Illinois at Urbana–Champaign
Rents, Regulation and Risk-Taking in the Banking Industry
Thomas H. Noe, Georgia State University
Michael J. Rebello, Georgia State University
Larry D. Wall, Federal Reserve Bank of Atlanta
10:00 AM
VI. Bank Accounting Issues
The Importance of Accurate Bank Accounting under FDICIA
Allen N. Berger, Board of Governors of the Federal Reserve System
Partial Market Value Accounting, Bank Capital Volatility and Bank Risk
Mark Carey, Board of Governors of the Federal Reserve System
Managerial Turnover and Discretionary Accounting Decisions in Banks with Concentrated Ownership
Drew Dahl, Utah State University
12:00 PM
VII. Bank Lending Practices
Bridge Financing, Delegated Monitoring and Corporate Policy
Andrew H. Chen, Southern Methodist University
Mao-Wei Hung, McGill University
Sumon C. Mazumdar, McGill University
Pricing Bank Loans
Gary Gorton, Wharton School of Business
James Kahn, University of Rochester
Loan Sales, Implicit Contracts and Bank Structure
Joseph G. Haubrich, Federal Reserve Bank of Cleveland
James B. Thomson, Federal Reserve Bank of Cleveland
Session on Corporate Lending: Discussion
Raghuram G. Rajan, University of Chicago
Lender Consistency in Housing Credit Markets
Robert Avery, Cornell University
Patricia E. Beeson, University of Pittsburgh
Mark S. Sniderman, Federal Reserve Bank of Cleveland
The Role of Mortgage Banks in the Chicago Metropolitan Area
Constance R. Dunham, U.S. Agency for International Development
3:00 PM
VIII. Bank Mergers
The Strategy of a Merger: Fleet and Bank of New England
Dwight B. Crane, Harvard Business School
Jane C. Linder, Polaroid Corporation
The Efficiency Effects of Bank Mergers: Rationale for a Case Study Approach and Preliminary Findings
Stephen A. Rhoades, Board of Governors of the Federal Reserve System
Friday, 05/07/93
8:00 AM
IX. Bank Closure Policy
Comments on Bank and Thrift Closure Policy
Robert A. Eisenbeis, University of North Carolina at Chapel Hill
Capital Forbearance and Thrifts: An Ex Post Examination of Regulatory Gambling
Ramon P. DeGennaro, University of Tennessee
James B. Thomson, Federal Reserve Bank of Cleveland
A Moral Hazard Rationale for Early Closure in FDICIA
Raman Kumar, Virginia Polytechnic Institute
George Emir Morgan, Virginia Polytechnic Institute
A Theory of Optimal Forbearance
S. Nagarajan, Columbia University
C. W. Sealey, McGill University
10:00 AM
X. Banking in the Global Market
The Banking Crises in the Scandinavian Countries
Sigbjørn Atle Berg, Norges Bank
Corporate–Finance Benefits from Universal Banking: Germany and the United States, 1870–1914
Charles W. Calomiris, University of Illinois at Urbana–Champaign
Deposit Guarantees, Nonperforming Loans and the Postal Savings System in Japan
Thomas F. Cargill, University of Nevada
Politics of Deposit Insurance Reform: The Case of Argentina
Geoffrey P. Miller, University of Chicago
12:00 PM
XI. FDICIA: Renaissance or Requiem?
The Implications of FDICIA for Bank Management
Lawrence Connell, Society for Savings
Remarks on FDICIA
William M. Isaac, The Secura Group
FDICIA: Renaissance or Requiem?
George G. Kaufman, Loyola University Chicago
Remarks on FDICIA
Richard L. Thomas, First Chicago Corporation
The Meaning of FDICIA
Harrison Young, Federal Deposit Insurance Corporation
3:00 PM
XII. Bank Regulation after FDICIA
New Private Sector Deposit Insurance
Warren G. Heller, VERIBANC, Inc.
Remarks on Banking after FDICIA
Karen D. Shaw, Institute for Strategy Development
An Empirical Analysis of Regulatory Compliance
Anjan V. Thakor, Indiana University
Jess C. Beltz, Indiana University

 

A Brief History of the Conference

Since the early 1960s the Federal Reserve Bank of Chicago’s Conference on Bank Structure and Competition has served as a forum for academics, regulators and industry participants to debate current issues affecting the financial services industry. Each year the purpose of the conference is to continue that tradition. This retrospective on the history and evolution of the conference reviews the past four decades of conferences.

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Event Information
Event Contact
Blanca Sepulveda
(312) 322-8340
Email
Date
05/05/93  - 05/07/93
Location
The Fairmont Chicago Hotel
200 N Columbus Dr
Chicago, Illinois 60601
Map


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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