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6th
Annual Bank Research Conference
Sponsored
by the FDICs Center for Financial Research and The Journal of
Financial Services Research
The conference will be held at: The FDIC Virginia Square Facility,
3501 North Fairfax Drive, C-3050, Arlington, Virginia 22226. Lodging.
Speakers' Biographies
Order hard copy of conference papers
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September 13 15, 2006
Wednesday,
September 13, 2006
Symposium on the U.S. Implementation of Basel II
| 7:30 – 8:00 |
Registration and Continental Breakfast |
| 8:00 – 8:05 |
Welcome Remarks:
The Honorable Sheila C. Bair, Chairman of
the FDIC |
| 8:05 – 10:05 |
Basel II: Implementation Issues
An Assessment of Basel II Procyclicality
in Mortgage Portfolios
Jesús Saurina - Carlos Trucharte,
Banco de España
Competitive Effects of Basel
II on U.S. Bank Credit Card Lending 186kb
Presentation: PPT 267kb
William W. Lang - Loretta J. Mester - Todd A. Vermilyea,
Federal Reserve Bank of Philadelphia
Basel II: A Case for Recalibrating 289kb
Presentation: PPT 1974kb
Paul Kupiec, Federal Deposit Insurance Corporation
Session Chair and Discussant: George Pennacchi,
University of Illinois |
| 10:05 – 10:30 |
--- Coffee Break --- |
| 10:30 – 12:15 |
Evaluating Basel II as a Risk Measurement Standard
and as Public Policy
Basel II: A Critique of Revised 201kb
Presentation: PPT 115kb
Robert Jarrow, Cornell University
Basel II: Technical Issues 1010kb
Presentation: A Comment 621kb
Sanjiv Das, Santa Clara University
Basel II: A Contracting Perspective
Presentation: PPT 187kb
Edward Kane, Boston College
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| 12:15 – 1:45 |
Lunch Address:
The Honorable Diana Taylor, Superintendent of Banks for
the State of New York |
| 1:45 – 3:15 |
Panel Discussion: Regulatory and Bank Implementation
of Basel II
Moderator: Anthony Saunders, New York
University
Edward Ettin, Board of Governors of
the Federal Reserve System (retired) FDF 29kb
Daniel Tarullo, Georgetown University
Basel II Has Been a Costly Distraction on the Road
to Minimizing the Societal Cost of Bank Failures
Presentation: PPT 270kb
George Kaufman, Loyola University Chicago
Estimating Changes to Minimum Regulatory Capital
under Basel IIs Standardized Approach
Presentation: PPT 184kb
Katherine Wyatt, New York State Banking Department
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| 3:15 – 3:30 |
--- Coffee Break --- |
| 3:30 – 5:30 |
Basel II: Implementation Issues
Sector Concentration in
Loan Portfolios and Economic Capital
Klaus Düllmann, Deutsche Bundesbank,
and Nancy Masschelein, National Bank
of Belgium
What Do One Million Credit
Line Observations Tell Us about Exposure at Default?
A Study of Credit Line Usage by Spanish Firms 339kb
Presentation: PPT 222kb
Gabriel Jiménez, Banco de España, Jose
A. Lopez, Federal Reserve Bank of San Francisco, and Jesús
Saurina, Banco de España
Discount Rate for Workout Recoveries:
An Empirical Study 220kb
Presentation: PPT 332kb
Brooks Brady, American Express Peter Chang,
S&P Corporation, Peter Miu, McMaster University, Bogie
Ozdemir, S&P Corporation, and David Schwartz Federal
Reserve Bank of Richmond
Session Chair and Discussant: Mark Carey,
Federal Reserve Board
Presentation: PPT 101kb
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| 5:30 – 7:00 |
--- Reception --- |
Thursday,
September 14, 2006
| 8:00 – 8:25 |
--- Continental Breakfast --- |
| 8:25 – 8:30 |
Welcoming Remarks
|
| 8:30 – 10:30 |
Resolution Policy and the
Cost of Bank Failures
Bank Liability Structure,
FDIC Loss, and Time to Failure: A Quantile Regression
Approach 292kb
Presentation: PPT 242kb
Klaus Schaeck, University of Southhampton
Cash-in-the-Market Pricing and Optimal Resolution
of Bank Failure
Viral V. Acharya, London Business School
and CEPR, and Tanju Yorulmazer, Bank
of England
Designing Countercyclical Risk-Based
Deposit Insurance
Dilip Madan - Haluk Unal, University
of Maryland
Session Chair and Discussant: Christopher James,
University of Florida
Presentation: PPT 67kb
|
| 10:30 – 11:00 |
--- Coffee Break --- |
| 11:00 – 12:00 |
JMCB-FDIC Invited Lecture
Searching for a Metric for
Financial Stability 337kb
Presentation: PPT 194kb
Charles Goodhart, London School of Economics
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| 12:00 – 1:00 |
--- Lunch --- |
| 1:00 – 2:30 |
Credit Risk
What Can We Learn About Capital
Structure from Bond Credit Spreads? 320kb
Presentation: PPT 204kb
Presentation: PPT 33kb
Mark J. Flannery, University of Florida Stanislava
Nikolova, George Mason University, and Ozde Oztekin,
University of Florida
Fundamentals-Based versus
Market-Based Cross-Sectional Models of CDS Spreads 513kb
Presentation: PPT 70kb
Sanjiv Das, Santa Clara University, Paul
Hanouna, Villanova University, and Atulya Sarin,
Santa Clara University
Session Chair and Discussant: Jean Helwege,
Pennsylvania State University
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| 2:30 – 3:30 |
Keynote Address
How Much do Banks use Credit Derivatives
to Reduce Risk? 178kb
Presentation: PPT 229kb
René Stulz, Ohio State University |
| 3:30 – 4:00 |
--- Coffee Break --- |
| 4:00 5:30 |
Bank Risk
Sources of Bank Charter Value 168kb
Presentation PPT 107kb
Frederick T. Furlong - Simon H. Kwan, Federal
Reserve Bank of San Francisco
Visible and Hidden Risk
Factors for Banks 224kb
Presentation PPT 156kb
Til Schuermann - Kevin J. Stiroh, Federal Reserve
Bank of New York
Session Chair and Discussant: Philip Strahan,
Boston College
Presentation: PPT 70kb
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| 5:30 7:00 |
--- Reception --- |
Friday,
September 15, 2006
| 7:45 – 8:15 |
--- Continental Breakfast --- |
| 8:15 – 10:15 |
Banking Practices
On Loan Sales, Loan Contracting,
and Lending Relationships 314kb
Presentation: PPT 1252kb
Steven Drucker, Columbia University, and Manju
Puri, Duke University
Banks and Bubbles: How Good are
Bankers at Spotting Winners? 401kb
Presentation: PPT 188kb
Laura Gonzalez - Christopher James, University
of Florida
Capital Constraints, Asymmetric Information,
and Internal Capital Markets in Banking: New Evidence 414kb
Presentation: PPT 154kb
Dmytro Holod, SUNY - Stony Brook, and Joe
Peek, University of Kentucky
Session Chair and Discussant: Mitchell Petersen,
Northwestern University
Presentation: PPT 59kb
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| 10:15 10:45 |
--- Coffee Break --- |
| 10:45 12:15 |
Bank Risk and Diversification
Does the Stock Market Value
Bank Diversification? 257kb
Presentation: PPT 305kb
Lieven Baele, Tilburg University, Olivier
De Jonghe - Rudi Vander Vennet, Ghent University
Product Diversification in
the European Banking Industry: Risk and Loan Pricing
Implications 743kb
Presentation: PPT 186kb
Laetitia Lepetit - Emmanuelle Nys - Philippe Rous - Amine
Tarazi, University de Limoges
Session Chair and Discussant: Bob DeYoung,
Federal Deposit Insurance Corporation
Presentation: PPT 80kb
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| 12:15 1:15 |
--- Lunch --- |
| 1:15 3:15 |
Information and Transparency
Private Information Trading
And Enhanced Accounting Disclosure Of Bank Stocks 917kb
Presentation: Is enhanced accounting disclosure
associated with less private information trading of bank stocks? PPT
146kb
Rocco Huang, The World Bank and University of
Amsterdam
Do Accounting Changes Affect
the Economic Behavior of Financial Firms? 259kb
Presentation: PPT 112kb
Anne Beatty, Deloitte and Touche and Ohio State
University
Bank Stability, Transparency and
the Safety Net 133kb
Presentation: PPT 157kb
Erlend W. Nier, Bank of England
Session Chair and Discussant: Edward Kane,
Boston College
Presentation: PPT 101kb
-- Adjournment --
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