Federal Reserve Bank of Atlanta
1000 Peachtree Street, NE Atlanta, Georgia

The Center for Financial Innovation and Stability, Federal Reserve Bank of Atlanta and the Center for the Economic Analysis of Risk, Georgia State University are organizing the conference Financial Regulation: Fit for the Future? to be held at the Federal Reserve Bank of Atlanta on November 2–3, 2017.

Sponsored by the Center for Financial Innovation and Stability, Federal Reserve Bank of Atlanta and the Center for the Economic Analysis of Risk, Georgia State University


Thursday, November 2, 2017
8:15 a.m. Registration and continental breakfast
8:50 Welcome
9:00 Market Discipline after the Post-Crisis Reforms
  "The Market-Implied Probability of European Government Intervention in Distressed Banks" Adobe PDF file format
Richard Neuberg, Columbia University
Paul Glasserman, Columbia University
Benjamin Kay, Office of Financial Research
Sriram Rajan, Office of Financial Research
  "Market Discipline Working for and against Financial Stability: The Two Faces of Equity Capital in U. S. Commercial BankingAdobe PDF file format
Joseph P. Hughes
, Rutgers University
Loretta J. Mester, Federal Reserve Bank of Cleveland and University of Pennsylvania
Choon‐Geol Moon, Hanyang University
10:30 Break
11:00 Capital and Liquidity Requirements
  "Equilibrium Theory of Banks' Capital StructureAdobe PDF file format
Douglas Gale
, New York University
Piero Gottardi, European University Institute
  "How Is the Likelihood of Fire Sales in a Crisis Affected by the Interaction of Various Bank Regulations?Adobe PDF file format
Divya Kirti,
International Monetary Fund
Vijay Narasiman
12:30 p.m. Lunch
1:30 Risk Transfer Policies
  "Asset Encumbrance, Bank Funding, and FragilityAdobe PDF file format
Toni Ahnert
, Bank of Canada
Kartik Anand, Deutsche Bundesbank
Prasanna Gai, University of Auckland
James Chapman, Bank of Canada
  "Credit Risk Transfer and Bank Insolvency RiskAdobe PDF file format
Maarten R.C. van Oordt
, Bank of Canada
3:00 Break
3:30 Panel: "Financial Regulation: Fit for New Technologies"
Chair: Larry Wall, Federal Reserve Bank of Atlanta Adobe PDF file format
Julapa Jagtiani, Federal Reserve Bank of Philadelphia Adobe PDF file format
John P. O'Keefe, Federal Deposit Insurance Corporation Adobe PDF file format
5:00 Reception and dinner

"New Financial Stability Governance Structures and Central BanksAdobe PDF file format
Speaker: Nellie Liang, Brookings Institution
Friday, November 3, 2017
8:30 a.m. Continental breakfast
9:00 Liquidity in Financial Markets
  "Customer Liquidity Provision: Implications for Corporate Bond Transaction Costs"  Adobe PDF file format
Jaewon Choi, University of Illinois at Urbana-Champaign
Yesol Huh, Federal Reserve Board of Governors
  "Converting Short Sales ConstraintsAdobe PDF file format
Jesse A. Blocher, Vanderbilt University
Matthew C. Ringgenberg, University of Utah
10:30 Break
11:00 Swaps Market
  "Mechanism Selection and Trade Formation on Swap Execution Facilities: Evidence from Index CDSAdobe PDF file format
Esen Onur, Commodity Futures Trading Commission
David Reiffen, Commodity Futures Trading Commission
Lynn Riggs, Commodity Futures Trading Commission
Haoxiang Zhu, Massachusetts Institute of Technology, National Bureau of Economic Research, and Commodity Futures Trading Commission
  "OTC Premia"
Gino Cenedese, Bank of England
Angelo Ranaldo, University of St. Gallen
Michalis Vasios, Bank of England
12:30 p.m. Lunch
1:30 Macroprudential Policy
  "Calibrating Macroprudential Policy to Forecasts of Financial Stability" Adobe PDF file format
Scott A. Brave, Federal Reserve Bank of Chicago
Jose A. Lopez, Federal Reserve Bank of San Francisco
  "The Anatomy of the Transmission of Macroprudential Policies: Evidence from IrelandAdobe PDF file format
Viral V. Acharya, New York University, Reserve Bank of India
Katharina Bergant, Central Bank of Ireland
Matteo Crosignani, Federal Reserve Board of Governors
Tim Eisert, Erasmus University Rotterdam
Fergal McCann, Central Bank of Ireland
3:00 Adjournment