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Workshop on Applied Banking Research "Banking and Financial Stability" - 2003

20–21 March 2003 | Rome, Italy

About the workshop

A research workshop for economists at central banks and supervisory authorities was held in Rome, Italy on 20-21 March 2003. The workshop - Banking and Financial Stability: A Workshop on Applied Banking Research - was organised by the Basel Committee on Banking Supervision and was sponsored by the Banca d'Italia. The workshops are held on a biennial basis to facilitate contacts among researchers of different institutions and to stimulate both theoretical and empirical research that assist bank supervision and regulation.

Programme

Bruno Bianchi, Banca d'Italia, Central Manager for Banking and Financial Supervision

Chair: Thilo Liebig (Deustche Bundesbank)

Analysis of pro-cyclical effects on capital requirements derived from a rating system 

Carlos Corcóstegui (Banco de España)
Luis González (Banco de España)
Antonio Marcelo (Banco de España)
Carlos Trucharte (Banco de España)

Discussion by Mark Levonian (Federal Reserve Bank of San Francisco) 

Asset correlation of German corporate obligors: its estimation, its drivers and implications for regulatory capital

Klaus Düllmann (Deutsche Bundesbank)
Harald Scheule (University of Regensberg)

Discussion by Erik Heitfield (Federal Reserve Board)

Loan characteristics and credit risk 

Gabriel Jiménez (Banco de España)
Jesús Saurina (Banco de España)

Discussion by Hiroaki Miyagishi (Bank of Japan) 

Quantification of operational risk 

Patrick Defontnouvelle (Federal Reserve Bank of Boston)
Virginia DeJesus-Rueff (Federal Reserve Bank of Boston)
John Jordan (Federal Reserve Bank of Boston)
Eric Rosengren (Federal Reserve Bank of Boston)

Discussion by Fabrizio Leandri (Banca d'Italia) 

Chair: Iman van Lelyveld (Nederlandsche Bank)

Are regulatory capital adequacy rules pro-cyclical?

Frank Heid (Deutsche Bundesbank)

Discussion by Gerald Krenn (Oesterreichische Nationalbank)

Bank capital and lending behaviour: empirical evidence for Italy

Leonardo Gambacorta (Banca d'Italia)
Paolo Emilio Mistrulli (Banca d'Italia)

Discussion by Vichett Oung (Banque de France) 

Banks. buffer capital: how important is risk 

Kjersti-Gro Lindquist (Norges Bank)

Discussion by Glenn Hoggarth (Bank of England) 

Remarks by Mr Antonio Fazio, Governor of Banca d'Italia

Chair: Myron Kwast (Federal Reserve Board)

What does the yield on subordinated bank debt measure? 

Diana Hancock (Federal Reserve Board)
Urs W. Birchler (Swiss National Bank)

Discussion by Kathleen McDill (FDIC) 

Using securities market information for supervisory monitoring

Jose A. Lopez (Federal Reserve Bank of San Francisco)
John Krainer (Federal Reserve Bank of San Francisco)

Discussion by Reint Gropp (European Central Bank)

Market discipline, disclosure and moral hazard in banking 

Erlend Nier (Bank of England)
Ursel Baumann (Bank of England)

Discussion by Konstantinos Tsatsaronis (Bank for International Settlements) 

Chair: Bent Vale (Norges Bank)

Bad loans and entry in local credit markets 

Marcello Bofondi (Banca d'Italia)
Giorgio Gobbi (Banca d'Italia)

Discussion by David Ruthenberg (Bank of Israel) 

Bank mergers, diversification and risk

Antonella Foglia (Banca d'Italia)
Paolo Marullo Reedtz (Banca d'Italia)

Discussion by Kasper Roszbach (Sveriges Riksbank) 

Geographic diversification among US banks: implications for portfolios, performance and risk

Donald P. Morgan (Federal Reserve Bank of New York)
Katherine A. Samolyk (FDIC)

Discussion by Jaap Bos (Nederlandsche Bank) 

Closing remarks from Mr Urs Birchler (Swiss National Bank), Chair of the Research Task Force