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The 43rd Annual Conference on Bank Structure & Competition
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The 43rd Annual Conference on Bank Structure & Competition

  • Overview
  • Speakers
  • Agenda
  • Accommodations
  • Conference Materials
  • Registration

On May 16–18, 2007, the Federal Reserve Bank of Chicago held its 43rd annual Conference on Bank Structure and Competition at the Westin Hotel in Chicago. Since its inception, the conference has encouraged an ongoing dialogue and debate on current public policy issues affecting the financial services industry. Each year, the conference brings together several hundred financial institution executives, regulators, and academics to examine current policy issues.


The 2007 conference addressed a number of issues including Basel II capital regulation, payday lending activity, the changing real estate markets, risk management, financial stability, banking industry structure and government-sponsored enterprises. However, a number of sessions were dedicated to the conference theme: The Mixing of Banking and Commerce.


As usual, the Wednesday sessions (May 16) showcased more technical research that is of primary interest to research economists in academia and research agencies. The Thursday and Friday sessions were designed to address the interests of a broader audience.

05/16/07
7:30 AM
Registration and Continental Breakfast
8:15 AM
Welcoming Remarks

Douglas D. Evanoff,  Senior Financial Economist and Vice President,  Federal Reserve Bank of Chicago

8:30 AM
Banking and "Distance" to the Customer

Moderator and Discussant

Gregory F. Udell,  Indiana University

Speakers - Distance and Information Asymmetries in Lending

Sumit Agarwal,  Federal Reserve Bank of Chicago

Robert Hauswald,  American University

Speakers - Banks, Distances and Financing Constraints for Firms

Pietro Alessandrini,  Universita Politecnica delle Marche

Andrea F. Presbitero,  Universita Politecnica delle Marche

Alberto Zazzaro,  Universita Politecnica delle Marche

Speakers - Rules versus Discretion in Loan Rate Setting

Geraldo Cerquiero,  Tilburg University

Hans Degryse,  Tilburg University

Steven Ongena,  Tilburg University

10:00 AM
Break
10:15 AM
Private and Public Debt

Moderator and Discussant

James R. Booth,  Arizona State University

Speakers - The Bank as Grim Reaper: Debt Composition and Recoveries on Defaulted Debt

Mark S. Carey,  Board of Governors of the Federal Reserve System

Michael Gordy,  Board of Governors of the Federal Reserve System

Speakers - The Information Content of Bank Loan Covenants

Cem Demiroglu,  University of Florida

Christopher James,  Christopher James

Speakers - Creditor Control Rights and Firm Investment Policy

Gregory Nini,  Board of Governors of the Federal Reserve System

David C. Smith,  University of Virginia

Amir Sufi,  University of Chicago

12:00 PM
Luncheon
1:30 PM
Relationship Lending

Moderator and Discussant

Andrew Winton,  University of Minnesota

Speakers - On Loan Sales, Loan Contracting and Lending Relationships

Steven Drucker,  Columbia Business School

Manju Puri,  Duke University

Speakers - Lending Relationships and Loan Contract Terms: Does Size Matter?

Sreedhar Bharath,  University of Michigan

Sandeep Dahiya,  Georgetown University

Anand Srinivasan,  National University of Singapore

Anthony Saunders,  New York University

Speaker - The Impact of Information Asymmetry on Debt Pricing and Maturity

Regina Wittenberg-Moerman,  University of Pennsylvania

3:00 PM
Break
3:15 PM
Federal Reserve Bank of Chicago Conference on Bank Structure and Competition—Special Session (Sponsored by the Journal of Financial Services Research)

Moderator

Haluk Ünal,  University of Maryland and Journal of Financial Services Research

Speakers - Bank Structure Conference Impact Study

Douglas D. Evanoff,  Federal Reserve Bank of Chicago

Philip F. Bartholomew,  International Monetary Fund

Robert DeYoung,  Federal Deposit Insurance Corporation

Cosmin Lucaci,  Brownson, Rehmus & Foxworth, Inc.

Ronnie J. Phillips,  Colorado State University

Speakers - Equity Cushions at Large U.S. Banks

Allen N. Berger,  Board of Governors of the Federal Reserve System

Robert DeYoung,  Federal Deposit Insurance Corporation

Mark J. Flannery,  University of Florida

Discussant

Philip Strahan,  Boston College

Speakers - Do Capital Ratios Affect Large Bank Profitability? An International Comparison

Elijah Brewer III,  DePaul University

George G. Kaufman,  Loyola University Chicago and Federal Reserve Bank of Chicago

Larry D. Wall,  Federal Reserve Bank of Atlanta

Discussants

Diana Hancock,  Board of Governors of the Federal Reserve System

Wayne Passmore,  Board of Governors of the Federal Reserve System

Speakers - Evidence of Differences in the Effectiveness of Safety Net Management in European Union Countries

Santiago Carbó Valverde,  University of Granada and Fundación de las Cajas de Ahorros

Edward J. Kane,  Boston College

Francisco Rodríguez Fernández,  University of Granada and Funcas

Discussant

Robert A. Eisenbeis,  Economic Consultant

5:15 PM
Reception
05/17/07
7:00 AM
Registration and Continental Breakfast
8:15 AM
Welcoming Remarks

Michael H. Moskow,  President and Chief Executive Officer,  Federal Reserve Bank of Chicago

8:30 AM
Keynote Address

Ben S. Bernanke,  Chairman,  Board of Governors of the Federal Reserve System

  • Speech
9:30 AM
Break
9:45 AM
Theme Panel: The Mixing of Commerce and Banking

Moderator

Charles L. Evans,  Senior Vice President and Director of Research,  Federal Reserve Bank of Chicago

Speakers

Charles W. Calomiris,  Henry Kaufman Professor of Financial Institutions,  Columbia University

Camden R. Fine,  President and Chief Executive Officer,  Independent Community Bankers of America

Cantwell F. Muckenfuss III,  Partner,  Washington, DC, Office, Gibson, Dunn & Crutcher LLP

Mark J. Tenhundfeld,  Director, Office of Regulatory Policy,  American Bankers Association

Thomas F. Huertas,  Director of Wholesale Firms Division and Banking Sector Leader,  Financial Services Authority, UK

12:15 PM
Luncheon

Introduction

Michael H. Moskow,  President and Chief Executive Officer,  Federal Reserve Bank of Chicago

Keynote

Sheila C. Bair,  Chairman,  Federal Deposit Insurance Corporation

1:45 PM
Payday Lending

Moderator

Anna Paulson,  Federal Reserve Bank of Chicago

Speakers - Payday Lending: Assessing the Importance of Scale to Store Performance

Mark J. Flannery,  University of Florida

Katherine A. Samolyk,  Federal Deposit Insurance Corporation

Speakers - Strategic Pricing of Payday Loans

Robert DeYoung,  Federal Deposit Insurance Corporation

Ronnie J. Phillips,  Colorado State University

Speakers - Measuring the Individual Level Effects of Access to Credit: Evidence from Payday Loans

Paige Marta Skiba,  University of California, Berkeley

Jeremy Tobacman,  University of Oxford

3:30 AM
Break
3:45 AM
Evaluating the Potential Impact of Mixing Banking and Commerce

Moderator

Craig Furfine,  Federal Reserve Bank of Chicago

Speakers - The Last Frontier: The Integration of Banking and Commerce in the U.S.

Larry D. Wall,  Federal Reserve Bank of Atlanta

Alan K. Reichert,  Cleveland State University

Hsin-Yu Liang,  Cleveland State University

Speakers - The Value of Location in Bank Competition: Examining the Effect of Wal-Mart Branches

Robert M. Adams,  Board of Governors of the Federal Reserve System

Robert B. Avery,  Board of Governors of the Federal Reserve System

Ron Borzekowski,  Board of Governors of the Federal Reserve System

Speakers - How Bank Regulation, Supervision and Lender Identity Impact Loan Pricing: A Cross–Country Comparison

Li Hao,  York University

Debarshi Nandy,  York University

Gordon S. Roberts,  York University

05/18/09
7:30 AM
Continental Breakfast
8:30 AM
Keynote Address

Introduction

John A. Canning, Jr.,  Chairman and Chief Executive Officer, Madison Dearborn Partners, Inc.,  Chairman and Chief Executive Officer, Madison Dearborn Partners, Inc.

Keynote

James A. Leach,  Lecturer and John L. Weinberg/Goldman Sachs Visiting Professor, Princeton University and Former Chairman, Committee on Banking and ,  Financial Services, U.S. House of Representatives

9:15 AM
Break
9:45 AM
Basel II and Risk Management in Financial Markets

Moderator

David A. Dodge,  Governor and Chairman of the Board of Directors,  Bank of Canada

Speakers

Roger Cole,  Division of Banking Supervision and Regulation,  Board of Governors of the Federal Reserve System

Jaime Caruana,  Counselor and Director,  International Monetary Fund

Gary Wilhite,  Senior Vice President,  Wachovia Bank

Robert R. Davis,  Executive Vice President and Management Director of Government Relations,  America's Community Bankers

12:00 PM
Luncheon

Introduction

Michael H. Moskow,  President and Chief Executive Officer,  Federal Reserve Bank of Chicago

Keynote

Christopher Cox,  Chairman,  U.S. Securities and Exchange Commission

  • Speech
1:45 PM
Concurrent Sessions
 
Session A: Housing Market Economics

Moderator

Richard Rosen,  Federal Reserve Bank of Chicago

Speakers - Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market

Kristopher Gerardi,  Federal Reserve Bank of Boston

Harvey S. Rosen,  Princeton University

Paul S. Willen,  Federal Reserve Bank of Boston

Speaker - Explaining House Price Fluctuations

Christian Hott,  Swiss National Bank

Speaker - Interest Rates and Consumer Choice in the Residential Mortgage Market

James Vickery,  Federal Reserve Bank of New York

 
Session B: Bank Risk Taking

Moderator

Hesna Genay,  Federal Reserve Bank of Chicago

Speakers - Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition

W. Scott Frame,  Federal Reserve Bank of Atlanta

Diana Hancock,  Board of Governors of the Federal Reserve System

Wayne Passmore,  Board of Governors of the Federal Reserve System

Speakers - How Does Competition Impact Bank Risk?

Gabriel Jiménez,  Banco de España

Jose A. Lopez,  Federal Reserve Bank of San Francisco

Jesús Saurina,  Banco de España

Speakers - Bank Ownership, Market Structure and Risk

Gianni De Nicolò,  International Monetary Fund

Elena Loukoianova,  International Monetary Fund

Event Information
Date
05/16/07 - 05/18/07
Location
The Westin Hotel
909 N. Michigan Avenue
Chicago, Illinois 60611
Schedule

W 7:30 a.m - 5:15 p.m.

Th 7 a.m. - 5 p.m.

F 7:30 a.m. - 3:30 p.m.

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