12th INTERNATIONAL CONFERENCE
C R E D I T 2014
The New Financial Regulatory System: Challenges and
Consequences for
the
Financial Sector
Venice, Italy
25 - 26 September 2014
The objective of the Conference is to bring together academics,
practitioners and PhD students working in the area of risk
management.
The conference this year focuses on The New Financial Regulatory
System: Challenges and Consequences for the Financial Sector
and will
provide an opportunity for participants engaged in research at the
forefront of this area to discuss both the causes and implications
of
recent events in financial markets and may, in turn, suggest
fruitful
directions for future research. The Conference is the thirteenth
of a series dedicated to various aspects of credit risk.
The co-sponsors of the Conference are GRETA Associati
(Venice, Italy), Center on Sustainable Architecture for Finance
(SAFE)
at Goethe University Frankfurt (Frankfurt, Germany) and Intesa
Sanpaolo
(Milan, Italy). The Conference is organised under the
auspices of the Department of Economics of the
University Ca’
Foscari of Venice, ABI - Italian Banking Association and
European Investment Bank.
The Scientific Committee for the Conference consists of: Jan
Krahnen, Goethe University, Programme Chair, Monica
Billio, Ca’ Foscari University of Venice, Steven Ongena,
University of Zurich, Stephen Schaefer, London Business
School and
Kenneth Singleton, Stanford University.
PROGRAMME
Thursday, September 25 2014
9.00 - 9.15 Opening
Remarks
9.15 - 11.00 Session I: Bank
risk taking, capital structure and credit risk
- Key-note talk: Countering Systemic Risk through Banking
Regulation
and Other Means - Franklin Allen (University of
Pennsylvania,
Philadelphia & Imperial College London)
- Did CDS Make Banks Riskier? The Effects of Credit Default
Swaps on
Bank Capital and Lending - Susan Chenyu Shan (Shanghai
Jiao Tong
University), Dragon Yongjun Tang (The University of Hong Kong)
and Hong
Yan (University of South Carolina, Columbia & Shanghai Jiao
Tong
University)
- Incentive Pay and Bank Risk Taking: Evidence from Austrian,
German, and Swiss Banks - Matthias Efing (University of
Geneva &
Swiss Finance Institute), Harald Hau (University of Geneva &
Swiss
Finance Institute), Patrick Kampkötter (University of Cologne)
and
Johannes Steinbrecher (Ifo Institute Branch Dresden)
11.30 - 13.00 Session II: New
development in the banking markets
- Do LTV and DSTI Caps Make Banks More Resilient? - Michel
Dietsch
(Banque de France & University of Strasbourg) and Cécile
Welter-Nicol (Banque de France)
- Credit Growth and Bank Capital Requirements: Binding or
Not? -
Claire Labonne (Banque de France) and Gildas Lamé
(INSEE-CREST,
Malakoff)
- Conditional Accounting Conservatism and Bank Risk Taking -
Manuel Illueca (Universitat Jaume I, Castellón de la Plana),
Lars
Norden (Erasmus University, Rotterdam) and Gregory F. Udell
(Indiana
University, Bloomington)
14.30 - 16.00 Session III:
Capital regulation
- Bank Portfolio Choice, Uninsurable Risks and Regulatory
Constraints - Jochen Mankart (University of St. Gallen),
Alexander
Michaelides (Imperial College Business School, London,
University of
Cyprus & CEPR, London) and Spyros Pagratis (Athens
University of
Economics and Business)
- The Counter-Cyclical Capital Buffer of Basel III: Does It
Affect
Mortgage Pricing? - Christoph Basten (ETH Zurich &
Swiss
Financial Market Supervisory Authority FINMA) and Catherine Koch
(University of Zurich)
- The Limits of Model-Based Regulation - Markus Behn
(Bonn
University & Deutsche Bundesbank), Rainer Haselmann (Bonn
University)
and Vikrant Vig (London Business School)
17.00 - 18.30 Session IV:
Systemic risk
- Fire-Sale Spillovers and Systemic Risk - Fernando
Duarte
(Federal Reserve Bank of New York) and Thomas M. Eisenbach
(Federal
Reserve Bank of New York)
- The Removal of Credit Ratings from Capital Regulation:
Implications for Systemic Risk - Kathleen Weiss Hanley
(University of
Maryland, College Park) and Stanislava Nikolova (University of
Nebraska-Lincoln)
- Systemic and Systematic Risk - Monica Billio
(University of
Venice), Massimilano Caporin (University of Padua), Roberto
Panzica
(University of Venice & Goethe University Frankfurt) and
Loriana
Pelizzon (University of Venice & Goethe University
Frankfurt)
Friday, September 26 2014
9.00 - 10.45 Session V:
Financial markets regulation
- Key-note talk: Equilibrium Fast Trading - Thierry
Foucault (HEC Paris)
- Central Clearing and Collateral Demand - Darrell
Duffie
(Stanford University & National Bureau of Economic
Research), Martin
Scheicher (European Systemic Risk Board) and Guillaume Vuillemey
(Sciences-Po Paris & Banque de France)
- Sand in the Chips? Evidence on Taxing Transactions in
Modern
Markets - Jean-Edouard Colliard (European Central Bank)
and Peter
Hoffmann (European Central Bank)
11.15 - 12.45 Session VI:
Liquidity and credit
- Did Liquidity Providers Become Liquidity Seekers? Evidence
the
CDS-Bond Basis During the 2008 Financial Crisis - Jaewon
Choi
(University of Illinois at Urbana-Champaign) and Or Shachar
(Federal
Reserve Bank of New York)
- Credit and Liquidity in Interbank Rates: a Quadratic
Approach -
Simon Dubecq (European Central Bank & CREST), Alain
Monfort
(CREST, Malakoff, Banque de France & Maastricht University),
Jean-Paul Renne (Banque de France) and Guillaume Roussellet
(Banque de
France, CREST, Malakoff & CEREMADE, Paris)
- Liquidity Risk and Distressed Equity - Mamdouh Medhat
(Copenhagen Business School)
14.15 - 16.00 Session VII:
Banking Union
- Supervisory Incentives in a Banking Union - Elena
Carletti
(Bocconi University, CEPR, London & IGIER, Milan), Giovanni
Dell'Ariccia (International Monetary Fund & CEPR, London)
and Robert
Marquez (University of California, Davis)
- The Political Economy of Bank Bailouts - Markus Behn
(Bonn
University & Deutsche Bundesbank), Rainer Haselmann (Bonn
University), Thomas Kick (Deutsche Bundesbank) and Vikrant Vig
(London
Business School)
- Key-note talk: Ethics in Finance: a Banking Supervisor's
Perspective - Ignazio Angeloni (European Central
Bank)
17.00 - 18.30 PANEL
Session
REGISTRATION
To register for the Conference you are requested to complete the
registration form that is available on our website
(
http://www.greta.it/credit/credit2014/credit2014.htm).
Registration fees are:
Early
registration
Late
registration
(within August
24th)
(from August 25th
on)
Academics:
250
Euro +
VAT
300 Euro +
VAT
Practitioners:
800 Euro +
VAT
1000 Euro +
VAT
PhD
Students*:
80
Euro +
VAT
130 Euro + VAT
VAT is currently 22%
*Students will have to provide valid proof of their student
status.
The registration fees cover:
- Admission to all scientific sessions
- Lunches and coffee service during the Conference
- Conference kit
The registration fees do not fully cover the conference dinner on
September 25, 2014, for which there is an extra charge of 80.00 Euro
for
each participant (conference attendees as well as accompanying
persons).
For more detailed information (registration, accommodation and
Conference
venue), please refer to the Conference website:
GRETA Associati
San Polo, 2605 - 30125 Venice, ITALY
Phone : +39 041 5238178 - Fax : +39 041 5286166
e-mail: credit@greta.it
website:
www.greta.it