50th Annual Conference on Bank Structure and Competition

Last Updated: 5/9/2014

Transitioning to the "New Normal" in Banking

Registration Open
May 7-9, 2014

The financial crisis evolved over the 2007-08 time period, helping send the economy into the “Great Recession.” As the largest financial institutions encountered significant difficulties and capital markets seized up, the central bank and financial regulators responded aggressively to protect the financial industry and contain the damage to the broader economy. There were efforts to assist the financial system—introducing new credit facilities, deposit guarantees, troubled asset relief program (TARP), etc.— and others to prevent future crisis by revamping and “modernizing” the financial regulatory framework—most notably, the passage of the Dodd-Frank Act. The regulatory agencies have been implementing the various components of Dodd-Frank since 2010.

 

Where are we? For the first few years following the financial crisis it was common to hear concerns about uncertainty in how new regulations would be rolled out (Dodd-Frank, Basel 3, etc.) and how they would affect the industry. Now many of those components have been implemented, or have been announced and scheduled for implementation. As a result, concerning the banking environment are we now in the "new normal?" If so, how has the regulatory-supervisory framework fundamentally changed? How does it affect financial firm strategies? Will the reforms result in changes to industry structure? Will they push industry activity toward the unregulated "shadow" sector? Are certain segments of the industry particularly affected? Are additional "tweaks" to regulatory reform still necessary?

 

We invite you to join other financial industry leaders, scholars, and regulators at this year’s Bank Structure Conference to discuss these and related issues. We are particularly pleased to have keynote presentations by:

 

  • Daniel K. Tarullo, Governor, Board of Governors of the Federal Reserve System
  • Barney Frank, former U.S. Congressman and Chairman, House Financial Services Committee
  • Richard Cordray, Director, Consumer Financial Protection Bureau

Receptions and luncheons will be provided. For additional conference information, please contact Ella Dukes at (312) 322-5757 or via email or Sandy Schneider at (312) 322-8203 or via email.

 

Information will be updated on this website as it becomes available. We hope you will join us in May.

 

View event details


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Daniel K. Tarullo
Governor, Board of Governors of the Federal Reserve System

Daniel K. Tarullo took office on January 28, 2009, to fill an unexpired term ending January 31, 2022.

 

Prior to his appointment to the Board, Mr. Tarullo was Professor of Law at Georgetown University Law Center, where he taught courses in international financial regulation, international law, and banking law. Prior to joining the Georgetown Law faculty, Mr. Tarullo held several senior positions in the Clinton administration.

 

From 1993 to 1998, Mr. Tarullo served, successively, as Assistant Secretary of State for Economic and Business Affairs, Deputy Assistant to the President for Economic Policy, and Assistant to the President for International Economic Policy. He also served as a principal on both the National Economic Council and the National Security Council. From 1995 to 1998, Mr. Tarullo also served as President Clinton's personal representative to the G7/G8 group of industrialized nations.

 

Before joining the Clinton administration, he served as Chief Counsel for Employment Policy on the staff of Senator Edward M. Kennedy, and practiced law in Washington, D.C. He also worked in the Antitrust Division of the Department of Justice and as Special Assistant to the Undersecretary of Commerce. From 1981 to 1987, Mr. Tarullo taught at Harvard Law School. Read more...


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05/07/14
7:30 AM
Registration and Continental Breakfast
8:25 AM
Welcoming Remarks
Douglas D. Evanoff, Vice President and Senior Research Advisor, Federal Reserve Bank of Chicago
8:30 AM
Banking and the Macroeconomy
Moderator and Discussant
John V. Duca, Federal Reserve Bank of Dallas
Filippo Ippolito, Universitat Pompeu Fabra
Ali Ozdagli, Federal Reserve Bank of Boston
Ander Perez, Universitat Pompeu Fabra
Dean Corbae, University of Wisconsin-Madison
Pablo D'Erasmo, Federal Reserve Bank of Philadelphia and University of Maryland - College Park
Samuel Bentolila, Centro de Estudios Monetarios y Financieros (CEMFI)
When Credit Dries Up: Job Losses in the Great Recession
Marcel Jansen, Universidad Autónoma de Madrid
Gabriel Jiménez, Bank of Spain
Sonia Ruano, Bank of Spain
10:00 AM
Break
10:20 AM
Financial Regulation
Moderator and Discussant
Mark Carey, Board of Governors of the Federal Reserve System
Erik Gilje, University of Pennsylvania
Elena Loutskina, University of Virginia
Philip E. Strahan, Boston College and National Bureau Economic Research
Marcelo Rezende, Board of Governors of the Federal Reserve System
Jason J. Wu, Board of Governors of the Federal Reserve System
Banu Demir, Bilkent University
Tomasz Michalski, HEC Paris
Evren Örs, HEC Paris
12:00 PM
Luncheon
1:20 PM
Macroprudential Regulation
Moderator and Discussant
Charles M. Kahn, University of Illinois at Urbana-Champaign
Fernando Enrique Alvarez, University of Chicago and National Bureau of Economic Research
Gadi Barlevy, Federal Reserve Bank of Chicago
Arito Ono, Mizuho Research Institute
Hirofumi Uchida, Kobe University
Gregory F. Udell, Indiana University
Iichiro Uesugi, Hitotsubashi University
An Empirical Analysis of Systemic Risk in the Eurozone
Pietro Bonaldi, University of Chicago
Ali Hortaçsu, University of Chicago and National Bureau of Economic Research
Jakub Kastl, Stanford University and National Bureau of Economic Research
2:50 PM
Break
3:10 PM
Risk Management
Moderator and Discussant
Robert DeYoung, University of Kansas
Tobias Berg, Bonn University
Olivier De Jonghe, Tilburg University
Maaike Diepstraten, Tilburg University
Glenn Schepens, National Bank of Belgium
4:05 PM
Central Bank Programs
Moderator and Discussant
Arvind Krishnamurthy, Northwestern University
Antoine Martin, Federal Reserve Bank of New York
James J McAndrews, Federal Reserve Bank of New York
Ali Palida, Federal Reserve Bank of New York
David Skeie, Federal Reserve Bank of New York
Allen N Berger, University of South Carolina
Lamont Black, DePaul University
Christa H.S. Bouwman, Case Western Reserve University
Jennifer Dlugosz, Washington University
5:00 PM
Reception
05/08/14
7:15 AM
Registration and Continental Breakfast
8:25 AM
Welcoming Remarks
Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
8:30 AM
Keynote Address
Daniel K. Tarullo, Governor, Board of Governors of the Federal Reserve System
9:15 AM
Break
9:45 AM
Theme Panel: Transitioning to "The New Normal" in Banking
Moderator
Daniel G. Sullivan, Executive Vice President and Director of Research, Federal Reserve Bank of Chicago
Panelists
William W. Lang, Executive Vice President, Federal Reserve Bank of Philadelphia
William Downe, President and Chief Executive Officer, BMO Financial Group
Karen Shaw Petrou, Managing Partner, Federal Financial Analytics, Inc.
Terry Jorde, Senior Executive Vice President and Chief of Staff, Independent Community Bankers of America
Edward J. Kane, Professor, Boston College
12:00 PM
Luncheon
Introduction
Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Keynote Speaker
Barney Frank, Former U.S. Congressman and Chairman, House Financial Services Committee, U.S. House of Representatives
1:45 PM
The Economics of Mortgage Markets
Moderator
Diana Hancock, Board of Governors of the Federal Reserve System
Panelists
Steven Abrahams, Deutsche Bank
Stuart A. Gabriel, University of California at Los Angeles
Wayne Passmore, Board of Governors of the Federal Reserve System
Mark M. Zandi, Moody’s Analytics
3:25 PM
Break
3:45 PM
Financial Regulatory Deja Vu
Moderator
David Marshall, Federal Reserve Bank of Chicago
Douglas J. Elliott, Brookings Institution
Greg Feldberg, Office of Financial Research
Andreas Lehnert, Board of Governors of the Federal Reserve System
R. Christopher Whalen, Senior Managing Director, Kroll Bond Rating Agency
Jonathan D. Rose, Board of Governors of the Federal Reserve System
5:15 PM
Reception
05/09/14
7:30 AM
Registration and Continental Breakfast
8:30 AM
Mortgage Markets Activity
Moderator
Richard J. Rosen, Federal Reserve Bank of Chicago
Steven A. Sharpe, Board of Governors of the Federal Reserve System
Shane M. Sherlund, Board of Governors of the Federal Reserve System
Steven Laufer, Board of Governors of the Federal Reserve System
Gene Amromin, Federal Reserve Bank of Chicago
Jennifer Huang, Cheung Kong Graduate School of Business
Clemens Sialm, University of Texas at Austin and National Bureau of Economic Research
Edward Zhong, University of Wisconsin-Madison
10:00 AM
Break
10:20 AM
Consumer Regulation
Moderator
Alicia Williams, Federal Reserve Bank of Chicago
Regulating Consumer Financial Products: Evidence from Credit Cards
Sumit Agarwal, National University of Singapore
Souphala Chomsisengphet, Office of the Comptroller of the Currency
Neale Mahoney, University of Chicago and National Bureau of Economic Research
Johannes Stroebel, New York University
Emily Cuddy, Federal Reserve Bank of Kansas City
Fumiko Hayashi, Federal Reserve Bank of Kansas City
Alexei Alexandrov, Consumer Financial Protection Bureau
Xiaoling Ang, Consumer Financial Protection Bureau
11:50 AM
Luncheon
Keynote Speaker
Richard Cordray, Director, Consumer Financial Protection Bureau

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Hotel and Local Area Area Information

J. W. Marriott
151 W Adams St
Chicago ,  IL   60603
(312) 660-8200

The host hotel is sold out for May 7 and 8. Please check with the additional hotels below, which are located within walking distance of the conference.

 

Rate: $281 plus tax.

Reservations: Please register online. For questions or assistance with your hotel reservation, please call (877) 303-0104. If calling, please mention the Bank Structure Conference.

 

Deadline: April 15, 2014. Please be sure to make your hotel reservation by this date to ensure you receive the conference sleeping room rate.

 

Encounter a landmark downtown Chicago luxury hotel and experience the renowned architecture of Daniel Burnham and his vision for a luxury hotel in Chicago. Located at LaSalle and Adams, this luxury hotel soars above skyscrapers in the heart of one of the world's most powerful financial districts. With a $396 million restoration, the historic JW luxury hotel exudes Burnham's refined style combined with 21st century sensibility, providing downtown Chicago with a one-of-a-kind authentic destination. Unwind in 610 luxury sleeping rooms or rejuvenate body and mind inside our world-class 20,000 sq. ft. spa and wellness center. Enjoy breakfast, lunch or dinner at the Florentine restaurant, featuring Italian-American Fare. The lobby lounge offers $5 appetizers between 5 p.m. and 7 p.m. As the epitome of refined elegance, the JW Marriott luxury hotel in downtown Chicago provides stunning domed-ceiling ballrooms and meeting venues for corporate gatherings or extravagant weddings and social soirees. Discover Daniel Burnham's foundation of excellence at the JW Marriott Chicago, and experience a premier luxury hotel in Chicago.

The W Hotel City Center
172 W Adams St
Chicago ,  IL   6060e
(312) 332-1200

Rate: $399 and up

A cosmopolitan property located across the street from the JW Marriott, the W Hotel features Rainforest showers, oversized work desks, down pillows, and more. Room sizes vary greatly so inquire the reservationist about availability.

Central Loop Hotel
111 W Adams St
Chicago ,  IL   60603
(866) 744-2333

Rate: $189 and up

A business class property located just 2 blocks from the Federal Reserve Bank in the heart of the city’s financial district. This property features a complimentary fitness center, complimentary chilled, bottled water on each floor and a comfy, lower level living room for guests.


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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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