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The 39th 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 Financial Safety Net Issues.

Wednesday, 05/09/01
7:30 AM
Registration and Continental Breakfast
8:25 AM
Welcoming Remarks
Moderator
William C Hunter, Senior Vice President, Federal Reserve Bank of Chicago
Panelists
Kenneth A Guenther, President and Chief Executive Officer, Independent Community Bankers of America
8:30 AM
The Role of Banking Relationships
Moderator and Discussant
Christopher M James, University of Florida
Allen Berger, Board of Governors of the Federal Reserve System
Leora Klapper, World Bank
Gregory F Udell, Indiana University
Steven Ongena, Tilburg University
David C Smith, Board of Governors of the Federal Reserve System
Dag Michalsen, Norwegian School of Management
Allen N Berger, Board of Governors of the Federal Reserve System
Richard Rosen, Indiana University
Gregory F Udell, Indiana University
10:00 AM
Break
10:20 AM
Regulatory Incentive Alignment
Moderator and Discussant
Mark Carey, Board of Governors of the Federal Reserve System
Charles M Kahn, University of Illinois at Urbana-Champaign
João A C Santos, Federal Reserve Bank of New York
Douglas Gale, New York University
Xavier Vives, Consejo Superior de Investigaciones Cienta­ficas (CSIC), Institut d'Anàlisi Econòmica
Philip E Strahan, Federal Reserve Bank of New York and Massachusetts Institute of Technology
Amir Sufi, Federal Reserve Bank of New York
12:00 PM
Luncheon
1:20 PM
Financial Crises and Contagion
Moderator and Discussant
Barry Eichengreen, University of California, Berkeley
Kee-Hong Bae, Hong Kong University
G Andrew Karolyi, Ohio State University
René M Stulz, Ohio State University
Charles W Calomiris, Columbia University
Joseph R Mason, Drexel University
Philipp Hartmann, European Central Bank and Centre for Economic Policy Research (CEPR)
Stefan Straetmans, Maastricht University
Casper G de Vries, Erasmus University Rotterdam
Christian Upper, Deutsche Bundesbank
Andreas Worms, Deutsche Bundesbank
3:10 PM
Break
3:30 PM
Bank Capital Issues
Moderator
Patricia Jackson, Bank of England
, City University Business School
Andrea Sironi, Universita Commerciale Luigi Bocconi
Joseph P Hughes, Rutgers University
William W Lang, Office of the Comptroller of the Currency
Choon-Geol Moon, Hanyang University
Michael S Pagano, Villanova University
5:15 PM
Reception
Thursday, 05/10/01
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
8:25 AM
Keynote Address
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
9:20 AM
Break
9:50 AM
Theme Panel: Financial Safety Net Issues
Moderator
William C Hunter, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago
Speakers
Kenneth A Guenther, Executive Vice President, Independent Community Bankers of America
Robert E Litan, Vice President and Director, Economic Studies, and Cabot Family Chair in Economics, Brookings Institution
Laurence H Meyer, Governor, Board of Governors of the Federal Reserve System
Arthur J Murton, Director, Division of Insurance, Federal Deposit Insurance Corporation
Thomas H Stanton, Fellow, Center for the Study of American Government, Johns Hopkins University
12:10 PM
Luncheon
Keynote
The Honourable Jim Peterson, Secretary of State (International Financial Institutions), Canadian Department of Finance
1:55 PM
The Impact of GSEs on the Underlying Markets
Moderator
Alex J Pollock, President and CEO, Federal Home Loan Bank of Chicago
Wayne Passmore, Board of Governors of the Federal Reserve System
Roger Sparks, Mills College
Alden Toevs, First Manhattan Consulting Group
Andy Naranjo, University of Florida
Dusan Stojanovic, Federal Reserve Bank of St. Louis
Mark D Vaughan, Federal Reserve Bank of St. Louis
Timothy J Yeager, Federal Reserve Bank of St. Louis
3:25 PM
Break
3:45 PM
Alternative Deposit Insurance Structures
Moderator
George G Kaufman, John F. Smith, Jr. Professor of Finance and Economics, Loyola University Chicago
J P Sabourin, President and Chief Executive Officer, Canada Deposit Insurance Corporation, and Chairman, Financial Stability Forum, Working Group on Deposit
Maximilian J B Hall, Loughborough University
Edward J Kane, Boston College
George G Pennacchi, University of Illinois at Urbana-Champaign
5:45 PM
Reception
Friday, 05/11/01
7:30 AM
Continental Breakfast
8:30 AM
Concurrent Sessions
Session A: Bank Business Strategies
Moderator
James T Moser, Federal Reserve Bank of Chicago
Jalal Akhavein, University of Pennsylvania
W Scott Frame, Federal Reserve Bank of Atlanta
Lawrence J White, New York University
Robert DeYoung, Federal Reserve Bank of Chicago
Jonathan D Jones, Office of Thrift Supervision
William W Lang, Office of the Comptroller of the Currency
Peter J Nigro, Office of the Comptroller of the Currency
8:30 AM
Session B: Perusing Regulatory Reform
Moderator
Nicola Cetorelli, Federal Reserve Bank of Chicago
James A Wilcox, Office of the Comptroller of the Currency and University of California, Berkeley
James J McAndrews, Federal Reserve Bank of New York
Philip E Strahan, Federal Reserve Bank of New York and Massachusetts Institute of Technology
Douglas V Austin, Austin Financial Services, Inc.
Craig D Bernard, Austin Financial Services, Inc.
9:45 AM
Concurrent Sessions
Session C: Regulatory Incentive Alignment
Moderator
Elijah Brewer III, Federal Reserve Bank of Chicago
Gianni De Nicoló, International Monetary Fund
Douglas Evanoff, Federal Reserve Bank of Chicago
Evren Örs, Southern Illinois University
Robert N Collender, U. S. Department of Agriculture
Sherrill L Shaffer, University of Wyoming
9:45 AM
Session D: Financial Crisis
Moderator
David A Marshall, Federal Reserve Bank of Chicago
Craig Furfine, Bank for International Settlements
Asli Demirgüç-Kunt, World Bank
Enrica Detragiache, International Monetary Fund
Timothy P Opiela, DePaul University
10:00 AM
Break
12:00 PM
Luncheon
Introduction
Michael H Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Keynote
, Director, Office of Federal Housing Enterprise Oversight (OFHEO)
1:40 PM
GSEs: The Impact on Mortgage Markets
Moderator
Robert R Bliss, Federal Reserve Bank of Chicago
Timothy Howard, Executive Vice President and Chief Financial Officer, Federal National Mortgage Association (Fannie Mae)
Bert Ely, President, Ely & Company Inc.
James C Miller III, Senior Fellow, Hoover Institution, Stanford University
Richard Scott Carnell, Fordham Law School

 

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.

Event Information
Date
05/09/01  - 05/11/01
Location
The Fairmont Chicago Hotel
200 N Columbus Dr
Chicago, Illinois 60601
Event Contact
Blanca Sepulveda
(312) 322-8340
Email
Map


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

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