Fifteenth Annual International Banking Conference
The Social Value of the Financial Sector: Too Big to Fail or Just Too Big?
November 15–16, 2012
In conjunction with London's Centre for Economic Policy Research (CEPR), the Federal Reserve Bank of Chicago held its fifteenth annual International Banking Conference on November 15–16, 2012, at the Bank. The purpose of the annual conference was to address important current issues affecting international financial markets. This year, the conference examined the social value of the financial sector. What are the welfare implications of the current industry structure?
As at past conferences, the emphasis of the conference will be on the implications for public policy. The conference featured keynote presentations by
- Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, University of Chicago
- Mary John Miller, Under Secretary for Domestic Finance, U.S. Treasury Department
- Charles Goodhart, Emeritus Professor of Banking and Finance, Financial Markets Group, London School of Economics.
As usual, the makeup of the conference will truly be international. Participants from some 35 countries regularly participate in the conference and include representatives of central banks, regulatory and supervisory agencies, financial institutions, trade associations and academic institutions from around the globe.
Registration information: There is an early bird fee of $650 for those who register on or before October 15, 2012. For those registering between October 15 and November 12, 2012, the fee will be $700. Registration is closed as of end of day November 12.
We invite you to participate in this important event. Additional information, including updates to the agenda, will be posted on this website as it becomes available.
Description and Measurement of the Financial System
Social Benefits and Costs of the Current Financial System
Financial Industry Innovation
Effects of Regulation, the Safety Net and Other Government Guarantees
Finance and Economic Activity: Variations across Emerging and Developed Markets
Break Up the Big Banks?
Where to from Here? What Does All of This Mean for Financial Regulatory Policy?
Viral V. Acharya, New York University and CEPR
Thorsten Beck, Tilburg University and CEPR
Douglas D. Evanoff, Federal Reserve Bank of Chicago
George G. Kaufman, Loyola University Chicago
Richard Portes, London Business School and CEPR
Hotel and Area Information
Room rate: $134/standard + 16.4% hotel occupancy tax
Reservations: Please call member services at (203) 905-2100 during business hours and use group code FRB119 for the special conference rate. You will need a credit card to guarantee the reservation.
Cut-off date: October 3
Club Quarters is a club-like hotel in the center of "the Loop," Chicago's Central Business District and a two block walk to the Bank. This vibrant area is bound on the west and north by the Chicago River, on the east by Lake Michigan and on the south by Roosevelt Road. Club Quarters is minutes from Michigan Avenue and a short walk to the Symphony Center, the Art Institute, Board of Trade, the Willis Tower, the River Front, theaters, Grant Park and world famous Magnificent Mile.
Club Living Room: Living room exclusively for guest use - featuring comfortable seating areas, oversized television, computer workstations, complimentary WIFI, coffee, tea and newspapers.
Elephant and Castle Pub Restaurant: The onsite restaurant with authentic British décor boasts Chicago's most comprehensive menu of beer and whiskey. The breakfast, lunch and dinner menus feature both American and British classic casual fare at reasonable prices.
Multi-menu Delivery: Chicago is one of the best cities in the world when it comes to food. Club Quarters has arranged for multiple restaurants to deliver to Club Quarters guests and menus are available in the guest rooms.
Room rate: $190.00 + 20% surcharge (no tax), includes full breakfast buffet each day.
Reservations: Please call (800) 443-0578 or (312) 427-7800 and reference the FRB International Banking Conference to receive the conference rate. You will need a credit card to guarantee the reservation. The club accepts Visa, Master Card and American Express.
The Union League Club is located in the heart of Chicago’s downtown financial district and is a two block walk to the Bank. Our accommodations provide the ambiance, security and extraordinary service of a private Club, plus the conveniences of a classic hotel.
Guests staying at the Club also have the opportunity to use the Club’s other facilities including the following;
Free use of the Athletic Department
Cardiovascular fitness center
Handball, racquetball and squash courts
Women and Men’s Spa
Also offers manicures, pedicures, massages, tanning and personal trainers for an additional fee.
Complimentary business center including free Internet access
Dining rooms and lounges
Discounted parking (validated at the Front Desk for overnight guests)
Guest rooms amenities include:
Complimentary high-speed wireless Internet service
Two line speakerphone with data port
Digital movies on demand