Seventeenth Annual International Banking Conference

Last Updated: 11/6/2014

November 6–7, 2014

 

In collaboration with the Bank of England, the Federal Reserve Bank of Chicago will hold its annual International Banking Conference on November 6–7, 2014, at the Bank. The purpose of the conference is to address important current issues affecting international financial markets. This year, we will examine the state of the new global financial system as it has evolved in response to significant market changes and regulatory reforms triggered by the recent global financial crisis.

 

The global regulatory system has changed significantly since the Great Recession as both national and international regulators attempted to address perceived problems with the previous regulatory framework. Given these modifications, where are we? Have we gone too far and overregulated the industry? Have we made such significant adjustments to the regulatory framework and distorted market behavior, resulting in an adverse impact on the financial system’s ability to allocate credit and provide adequate liquidity to markets—thus having an adverse impact on the real economy? Have we relied too much on rules and supervisory oversight, and too little on market forces and oversight?

 

Alternatively, has reform been judiciously applied? Is the current environment much closer to the optimal one as a result of the recent reforms? Finally, has reform still failed to address the relevant problems that induced the financial crisis? Have we tightened down on the banking sector, and simply pushed problems to the less regulated shadow banking sector? Are too-big-to-fail banks still a significant problem in spite of efforts to improve on the failure resolution process? Is still more industry scrutiny needed?

 

Analyzing these issues will be the focus of discussion over the two day conference. More specifically, the topics considered include identifying how oversight and regulation of the banking sector and capital markets has changed; evaluating the reforms that were put in place; considering changes to the failure resolution process for systemically important financial institutions; analyzing the banking sector’s and capital market’s resulting ability to satisfy market needs; As the industry morphs into the new regulatory framework, have the major concerns coming out of the Great Recession been adequately addressed, or are additional adjustments still necessary?

 

These topics and more will be discussed by international experts in each area from different professions and countries. In addition to these experts we are fortunate to have three very qualified keynote speakers that have each made significant public policy contributions and have advocated regulatory modifications in response to the financial events of recent years.

 

Keynote Speakers

Jerome H. Powell, Governor, Federal Reserve System; and former Undersecretary of the U.S. Treasury

Stefan Ingves, Governor, Sveriges Riksbank (Central Bank of Sweden); and Chairman of the Basel Committee on Banking Supervision

Alan Blinder, Professor, Princeton University; and former Vice Chairman of the Board of Governors of the Federal Reserve System

 

The make-up of the audience will be internationally diverse. In past years, representatives from some 35 countries have typically participated with a wide range of backgrounds, including policymakers, regulators, practitioners, academics and researchers. The audience is also encouraged to actively participate in the discussions. We hope that you can join us to evaluate the current state of the global financial system to achieve a better understanding of its strengths and weaknesses. Additional information, including registration information, local accommodations and the full program can be found at the above links on this page. For additional information contact Sandy Schneider via email, or members of the program committee.

 

Registration Fees: There is an early-bird fee of $650 for those who register on or before October 17, 2014. For those registering between October 17 and November 6, 2014, the fee will be $700.

 

 

 

Register Now

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11/06/14
9:00 AM
Registration
9:40 AM
Welcoming Remarks
Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
David Rule, Executive Director, Prudential Policy, Bank of England
10:00 AM
Session 1: Regulatory and Market Response to the Financial Crisis — Banking
Moderator
Douglas D. Evanoff, Federal Reserve Bank of Chicago
Panelists
Martin Hellwig, University of Bonn
Andy Sheng, Fung Global Institute
Robert Eisenbeis, Cumberland Advisors and
Richard Herring, University of Pennsylvania
Nicolas Veron, Peterson Institute for International Economics and Bruegel (Brussels)
11:45 AM
Luncheon
Introduction
Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Keynote
Jerome H. Powell, Governor, Federal Reserve System, and Former Undersecretary of the U.S. Treasury
1:45 PM
Session 2: Regulatory and Market Response to the Financial Crisis — Capital Markets
Moderator
David Marshall, Federal Reserve Bank of Chicago
Panelists
Takeo Hoshi, Stanford University and
Ayako Yasuda, University of California-Davis
Chester Spatt, Carnegie-Mellon University
Erik R. Sirri, Babson College
David Rule, Bank of England
3:30 PM
Break
3:45 PM
Session 3: Resolving Systemically Important Financial Institutions and Markets
Moderator
Cathy Lemieux, Federal Reserve Bank of Chicago
Panelists
Charles Goodhart, London School of Economics
Adam Ketessidis, BaFin (Germany)
Ken Scott, Stanford Law School
James Wigand, Formerly Federal Deposit Insurance Corporation
5:45 PM
Reception
6:45 PM
Dinner and Keynote Speaker
Introduction
David Rule, Executive Director, Prudential Policy, Bank of England
Keynote
Stefan Ingves, Governor, Sveriges Riksbank (Sweden), and Chairman, Basel Committee on Banking Supervision
11/07/14
7:30 AM
Continental Breakfast
8:15 AM
Session 4: Transitional Impact of the Reforms — Financial Sector
Moderator
Samuel Knott, Bank of England
Panelists
Til Schuermann, Oliver Wyman & Company
Luc Laeven, International Monetary Fund
Philipp Hartmann, European Central Bank
Paul Kupiec, American Enterprise Institute
10:00 AM
Break
10:15 AM
Session 5: Transitional Impact of the Reforms — the Real Sector
Moderator
Hesna Genay, Federal Reserve Bank of Chicago
Panelists
Stephen G. Cecchetti, Brandeis International Business School
Martin Cihak, World Bank
Giovanni Dell’Ariccia, International Monetary Fund
Douglas Elliott, Brookings Institution
12:00 PM
Lunch and Keynote Speaker
Introduction
Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Keynote
Alan Blinder, Professor, Princeton University, and former Vice Chairman of the Board of Governors of the Federal Reserve System
2:00 PM
Session 6: Long-term Cumulative Steady State Outcome of Reforms (Future Concerns?)
Moderator
Andrew Haldane, Bank of England
Panelists
Allan Meltzer, Carnegie-Mellon University
Mark Flannery, U.S. Securities and Exchange Commission and University of Florida
Dirk Schoenmaker, Duisenberg School of Finance (Amsterdam)
Mark Calabria, Cato Institute
3:45 PM
Break
4:00 PM
Session 7: Policy Panel: Where to from Here?
Moderator
George G. Kaufman, Loyola University Chicago
Panelists
Svein Andresen, Financial Stability Board
Vitor Constancio, European Central Bank
Andy Lo, Massachusetts Institute of Technology
Randall Kroszner, University of Chicago
David Scharfstein, Harvard University
6:00 PM
Reception
6:00 PM
Program Committee
Sarah Breeden, Bank of England
Douglas Evanoff, Federal Reserve Bank of Chicago
Andrew Haldane, Bank of England
George Kaufman, Loyola University Chicago
Iain de Weymarn, Bank of England
Victoria Saporta, Bank of England

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Hotel and Area Information

Union League Club
65 W Jackson Blvd
Chicago ,  IL   60603
(312) 427-7800

Rate: $209.00

Reservations: Please call the club and mention the Chicago Fed International Banking Conference when making your reservation.

Cut-off Date: Monday, October 6, 2014

Private club located two blocks East of the Chicago Fed. The club features a premiere gym including a regulation size basketball court and lap pool, a library several restaurants and a pub. All sleeping rooms are newly renovated and feature "seven-layered" featherbeds, Carrera marbled bathroom and 32” flat screen TVs.

Club Quarters
111 W Adams St
Chicago ,  IL   60603
(203) 905-2100

Rate: $164.00

Reservations: Please call the number above and mention group code FRB115 when making your reservation.

Cut-off Date: Monday, October 6, 2014

Business class hotel located about a block and a half from the Chicago Fed. This hotel features complimentary high-speed Internet access, 24 hour fitness room, complimentary chilled bottled water on each floor and Elephant and Castle Restaurant and Pub on-site.


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Background Information

Information on previous International Banking Conferences.


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