Whither Regulatory Reform? 2017 Challenges for the Future of Banking
November 3, 2017 | The Italian Academy, Columbia University
Keynote Address: Mervyn King, NYU, Former Governor of Bank of England
The direction of regulatory changes was both clear and needed – greater capital and liquidity buffers to protect individual firms and the financial system from future large-scale crises. But finding the best mix of regulation to achieve both financial stability and financial dynamism remains a work in progress. The financial industry, regulators and researchers have now had several years’ experience with the new financial regulatory regime, and this conference was an opportunity to do a preliminary stock-taking on the effectiveness of regulatory changes and to discuss and consider future improvements.
Agenda
Welcome
- Patricia Mosser, Director, MPA Program in Economic Policy Management
- Dean Franz Heukamp, IESE
Session 1: Scorecard on the impact and effectiveness of capital and liquidity regulation
- Leadoff Paper: Stephen Cecchetti, Brandeis University (slides)
- Moderator: Patricia Mosser, Director, MPA Program in Economic Policy Management
- Til Schuermann, Oliver Wyman
- D. Wilson Ervin, Credit Suisse
Session 2: Effectiveness and impact of regulation on permitted bank activities
- Leadoff Paper: Matthew Richardson, New York University (paper)
- Moderator: Christine Cumming, Columbia SIPA
- Sean Campbell, Federal Reserve Board
- Marc Saidenberg, Ernst & Young
Bank Executive discussion: Management and governance challenges for banks
- Moderator: Jordi Canals, IESE
- Herman Daems, BNP Paribas Fortis
- Jordi Gual, Caixaban
- Paco Ybarra, Citigroup
Session 3: A ‘wish list’ for regulatory design
- Leadoff paper: Charles Calomiris, Columbia University (paper)
- Moderator: Kathryn Judge, Columbia Law School
- Xavier Vives, IESE
- Sandra O’Connor, JP Morgan Chase
Keynote Address: Mervyn King, NYU, Former Governor of Bank of England
- Introduction: Dean Merit Janow, Columbia SIPA
Organizers and Sponsors
Columbia University, School of International and Public Affairs
IESE Business School
