Tenth Annual International Banking Conference

In conjunction with the International Monetary Fund, the Federal Reserve Bank of Chicago held its tenth annual International Banking Conference on September 27–28, 2007. The theme was Globalization and Systemic Risk and addressed the current landscape of cross-border banking activity, how systemic risk may be enhanced or contained by globalization, the potential sources of systemic risk (particularly banks, insurance companies, pension funds, hedge funds and other capital market participants), regulatory efforts currently underway to address systemic concerns and what policy alternatives need to be considered going forward. The two-day conference featured keynote presentations by Michael Bordo, Pitt Professor of Economic History, Cambridge University, and Rutgers University, Guillermo Calvo, Professor of International and Public Affairs, Columbia University, John Lipsky, First Deputy Managing Director, International Monetary Fund and Frederic Mishkin, Governor, U.S. Federal Reserve Board