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
Agenda
| Thursday, November 2, 2017 | |
| 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"  Richard Neuberg, Columbia University Paul Glasserman, Columbia University Benjamin Kay, Office of Financial Research Sriram Rajan, Office of Financial Research |
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| "Market Discipline Working for and against Financial Stability: The Two Faces of Equity Capital in U. S. Commercial Banking" Joseph P. Hughes, Rutgers University Loretta J. Mester, Federal Reserve Bank of Cleveland and University of Pennsylvania Choon‐Geol Moon, Hanyang University |
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| 10:30 | Break |
| 11:00 | Capital and Liquidity Requirements |
| "Equilibrium Theory of Banks' Capital Structure" Douglas Gale, New York University Piero Gottardi, European University Institute |
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| "How Is the Likelihood of Fire Sales in a Crisis Affected by the Interaction of Various Bank Regulations?" Divya Kirti, International Monetary Fund Vijay Narasiman |
|
| Lunch | |
| Risk Transfer Policies | |
| "Asset Encumbrance, Bank Funding, and Fragility" Toni Ahnert, Bank of Canada Kartik Anand, Deutsche Bundesbank Prasanna Gai, University of Auckland James Chapman, Bank of Canada |
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| "Credit Risk Transfer and Bank Insolvency Risk" Maarten R.C. van Oordt, Bank of Canada |
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| 3:00 | Break |
| 3:30 | Panel: "Financial Regulation: Fit for New Technologies" Chair: Larry Wall, Federal Reserve Bank of Atlanta Julapa Jagtiani, Federal Reserve Bank of Philadelphia John P. O'Keefe, Federal Deposit Insurance Corporation |
| 5:00 | Reception and dinner "New Financial Stability Governance Structures and Central Banks" 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" Jaewon Choi, University of Illinois at Urbana-Champaign Yesol Huh, Federal Reserve Board of Governors |
|
| "Converting Short Sales Constraints" 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 CDS" 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 |
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| "OTC Premia" Gino Cenedese, Bank of England Angelo Ranaldo, University of St. Gallen Michalis Vasios, Bank of England |
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| 12:30 p.m. | Lunch |
| 1:30 | Macroprudential Policy |
| "Calibrating Macroprudential Policy to Forecasts of Financial Stability" Scott A. Brave, Federal Reserve Bank of Chicago Jose A. Lopez, Federal Reserve Bank of San Francisco |
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| "The Anatomy of the Transmission of Macroprudential Policies: Evidence from Ireland" 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 |
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| 3:00 | Adjournment |