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Workshop on "Risk management and regulation in banking" - 2006

29–30 June 2006 | Basel, Switzerland

About the workshop

A joint workshop hosted by the Basel Committee on Banking Supervision, the Centre for Economic Policy Research (CEPR), and the Journal of Financial Intermediation.

 

  • Martin Birn (Basel Committee Secretariat)
  • Neil Esho (Basel Committee Secretariat)
  • Reint Gropp (European Central Bank)
  • Philipp Hartmann (European Central Bank)
  • Philippe Jorion (University of California at Irvine)
  • George G Pennacchi (University of Illinois)
  • Peter Praet (National Bank of Belgium and Basel Committee of Banking Supervision)
  • João Santos (Federal Reserve Bank of New York)
  • Ernst-Ludwig von Thadden (University of Mannheim, CEPR and JFI)
  • Anjan Thakor (Washington University)

Agenda

Myron L Kwast, Board of Governors of the Federal Reserve System and Co-Chairman of the Research Task Force

Chair: Philipp Hartmann (European Central Bank)

Optimal Risk Transfer, Monitored Finance and Real Investment Activity 

Gabriella Chiesa (University of Bologna)

Discussion by Oren Sussman (Said Business School, University of Oxford)

Regulating Financial Conglomerates

Xavier Freixas (Universitat Pompeu Fabra and CEPR)
Gyöngyi Lóránth (University of Cambridge and CEPR)
Alan D Morrison (University of Oxford and CEPR)

Discussion by Haibin Zhu (Bank for International Settlements)

Risk Diversification by European Financial Conglomerates

Jan Frederik Slijkerman (Erasmus University Rotterdam)
Dirk Shoenmaker (Vrije Universiteit Amsterdam)
Casper G de Vries (Erasmus University Rotterdam)

Discussion by Paul Embrechts (Swiss Federal Institute of Technology Zurich)

Chair: George G Pennacchi (University of Illinois)

Ex Ante Versus Ex Post Regulation of Bank Capital

Arup Daripa (University of London)
Simone Varotto (University of Reading)

Discussion by Arnoud Boot (University of Amsterdam)

Do Bond Issuers Shop for a Better Credit Rating?

Thomas Mählmann (University of Cologne)

Discussion by Paul Kupiec (Federal Deposit Insurance Corporation)

Visible and Hidden Risk Factors for Banks

Til Schuermann (Federal Reserve Bank of New York)
Kevin J Stiroh (Federal Reserve Bank of New York)

Discussion by Esa Jokivuolle (Bank of Finland)

Remarks by Lucas D Papademos, Vice-President of the European Central Bank

Darrell Duffie, James I Miller Professor of Finance at the Graduate School of Business, Stanford University

Chair: Peter Praet (National Bank of Belgium and Basel Committee on Banking Supervision)

Potential Competitive Effects on U.S. Bank Credit Card Lending

William W Lang (Federal Reserve Bank of Philadelphia)
Loretta J Mester (Federal Reserve Bank of Philadelphia)
Todd A Vermilyea (Federal Reserve Bank of Philadelphia)

Discussion by Jan Pieter Krahnen (Goethe-University Frankfurt, CFS and CEPR)

Risk Transfer with CDOs and Systemic Risk in Banking

Jan Pieter Krahnen (Goethe-University Frankfurt, CFS and CEPR)
Christian Wilde (Goethe-University Frankfurt)

Discussion by José Luis Peydro-Alcalde (European Central Bank)

Integrating Credit and Interest Rate Risk: A Theoretical Framework and an Application to Banks' Balance Sheets 

Mathias Drehmann (Bank of England)
Steffen Sorensen (Bank of England)
Marco Stringa (Bank of England)

Discussion by Klaus Düllmann (Deutsche Bundesbank)

Chair: Ernst-Ludwig von Thadden (University of Mannheim, CEPR and JFI)

Does a Large Loss of Bank Capital Cause Evergreening? Evidence from Japan

Wako Watanabe (Tohoku University)

Discussion by Vasso P Ioannidou (Tilburg University)

Credit Derivatives: Capital Requirements and Strategic Contracting

Antonio Nicolò (University of Padova)
Loriana Pelizzon (University of Venice and SSAV)

Discussion by Pierre Tychon (European Investment Bank)

Cash-in-the-Market Pricing and Optimal Resolution of Bank Failures 

Viral V Acharya (London Business School and CEPR)
Tanju Yorulmazer (Bank of England)

Discussion by Anjan Thakor (Washington University)