Bank Regulation, Lending, and Growth

Friday, March 1, 2019

Introductory remarks:

• Patricia C Mosser, Director, MPA Program in Economic Policy Management, Columbia SIPA
• William Nelson, Chief Economist, The Bank Policy Institute

Paper Session 1: Impact of bank regulation on lending and growth

• Moderator: Douglas Elliott, Oliver Wyman
• Michael Bordo, Rutgers and John Duca, Oberlin “The Impact of the Dodd-Frank Act on Small Business”
• Andre F. Silva, Federal Reserve Board “Sharing the Pain? Credit Supply and Real Effects of Bank Bail-ins”

• Discussants: Yuliya Demyanyk, Federal Reserve Bank of Cleveland, and Judson Murchie, Wells Fargo

Efficiency in Supervision

• Remarks: Kevin Stiroh, EVP, Supervision Federal Reserve Bank of New York
• Moderator:  Patricia Mosser, Columbia University

Panel Discussion: Consumer protection and lending

• Moderator:  Christine Cumming, Columbia SIPA
• Mark Jansen, University of Utah
• Laurie Goodman, Urban Institute
• Ron Borzekowski, Consumer Financial Protection Bureau
• Jennifer Hill, Capital One

Lunch

Paper Session 2: Regulation and the cost of capital

• Moderator:  Francisco Covas, Bank Policy Institute
• Anna Kovner and Peter Van Tassel, Federal Reserve Bank of New York, “Regulatory Changes and the Cost of Capital for Banks”
• Emilio Bisetti, Hong Kong University of Science and Technology “The Value of Regulators as Monitors:  Evidence from Banking”       
• Discussants:   Stijn Nieuwerburgh, Columbia Business School, and D. Wilson Ervin, Credit Suisse

Paper Session 3: Costs and benefits of capital and liquidity requirements

• Moderator:  William Nelson, Bank Policy Institute
• Neeltje van Horen, Bank of England, “Repo Market Functioning: The Role of Capital Regulation”
• Lihong McPhail, Commodity Futures Trading Commission, “When the Leverage Ratio meets Derivatives:  Running Out of Options?”
• Discussants:  Mark Flannery, University of Florida, and Charles Himmelberg, Goldman Sachs

Reception