ABOUT AGENDA PAPERS

 

thursday, February 23, 2017

8:45 am

OPENING REMARKS

  • Merit Janow, Dean, School of International and Public Affairs, Columbia University
  • Greg Baer, President, The Clearing House Association
9:00 am – 10:15 am

Panel: Benefits and Costs of Capital Regulation

  • Chair: Charles Taylor (George Washington)
  • Douglas Elliott (Oliver Wyman)
  • Giovanni Dell’Ariccia (IMF)
  • Jas Ellis (Bank of England)
10:30 am – 12:00 pm

Paper Session: Unintended Consequences

  • Chair: TBD
  • Jill Cetina (Office of Financial Research) “Do Higher Capital Standards Always Reduce Bank Risk? The Impact of the Basel Leverage Ratio on the U.S. Triparty Repo Market”
  • Nicola Garbarino (Bank of England) “Specialization in Mortgage Risk under Basel II”


Discussants:

  • James Weatherly (Capital One)
  • Richard Herring (Wharton)
12:00 pm – 1:30 pm

LUNCH

Keynote: Kevin Stiroh, Executive Vice President, Federal Reserve Bank of New York and conversation with Patricia Mosser (Columbia SIPA)

1:30 pm – 3:00 pm

Paper Session: Capital Requirements and Financial Stability

  • Chair: Patricia Mosser (Columbia SIPA)
  • Moritz Schularick (CEPR and Bonn), “Bank Capital Redux”
  • Christoph Basten (FINMA),” Higher Bank Capital Requirements and Mortgage Pricing: Evidence from the Countercyclical Capital Buffer”


Discussants:

  • Andreas Lehnert (Federal Reserve Board)
  • Steven Strongin (Goldman Sachs)
3:15 pm – 4:45 pm

Paper Session: Models of Optimal Bank Liability Structure

  • Chair: William Nelson, The Clearing House Association
  • Douglas Gale (NYU), “Bank Capital Structure, Fire Sales, and the Social Value of Deposits”
  • Zhenyu Wang (Indiana), “Bank Liability Structure”


Discussants:

  • Francisco Covas (The Clearing House Association)
  • Patrick Bolton (Columbia)
4:45 pm – 6:00 pm

Panel: Impact of Regulation on Bank's Internal Capital Allocation

  • Chair: Charles Calomiris (Columbia)
  • Michael Hsu (Federal Reserve Board)
  • Chris Mazingo (McKinsey)
  • Scott Albinson (JPMorgan Chase)
6:00 pm

RECEPTION