Risk and stability in the financial system: what role for regulators, management and market discipline?
Conference jointly organised by Bocconi University and the Bank for International Settlements on the occasion of the Bocconi University Centennial
Thursday 13th and Friday 14th June 2002
Bocconi University, Milan, Italy
During the last fifteen years, the issue of financial risk and international financial stability has attracted increasing attention from financial institutions, regulatory bodies and academic economists. Risk management and capital allocation policies have become a key issue in determining the ability of a financial institution to create shareholder value. From the point of view of supervisors, the potential influence of financial markets on the behaviour of banks is seen as increasingly important. Enhancing market discipline underlies proposals to introduce mandatory subordinated debt and the Basel Committee's proposed changes to the Capital Accord. Reflecting these development, growing research efforts and a rich academic debate have developed on topics such as the measurement and management of financial risk, the sources of financial instability, the nature of financial contagion, the optimal financial safety net, competition among exchanges, the microstructure of financial markets, price discovery, liquidity and efficiency.
On the occasion of the Bocconi University Centennial, Bocconi University and the Bank for International Settlements decided to jointly organise a two-day conference in Milan to discuss these important issues. The conference will be attended by academics, regulators and practitioners from around the world. Andrew Crockett, General Manager of the BIS, will deliver the keynote speech.
Keynote speech by Andrew Crockett: Financial reporting: from shadows to limelight .
For further information on the conference, including the programme and registration details, please see the Bocconi University website at: www.uni-bocconi.it