Transitioning to the "New Normal" in Banking
May 7-9, 2014
The financial crisis evolved over the 2007-08 time period, helping send the economy into the “Great Recession.” As the largest financial institutions encountered significant difficulties and capital markets seized up, the central bank and financial regulators responded aggressively to protect the financial industry and contain the damage to the broader economy. There were efforts to assist the financial system—introducing new credit facilities, deposit guarantees, troubled asset relief program (TARP), etc.— and others to prevent future crisis by revamping and “modernizing” the financial regulatory framework—most notably, the passage of the Dodd-Frank Act. The regulatory agencies have been implementing the various components of Dodd-Frank since 2010.
Where are we? For the first few years following the financial crisis it was common to hear concerns about uncertainty in how new regulations would be rolled out (Dodd-Frank, Basel 3, etc.) and how they would affect the industry. Now many of those components have been implemented, or have been announced and scheduled for implementation. As a result, concerning the banking environment are we now in the "new normal?" If so, how has the regulatory-supervisory framework fundamentally changed? How does it affect financial firm strategies? Will the reforms result in changes to industry structure? Will they push industry activity toward the unregulated "shadow" sector? Are certain segments of the industry particularly affected? Are additional "tweaks" to regulatory reform still necessary?
We invite you to join other financial industry leaders, scholars, and regulators at this year’s Bank Structure Conference to discuss these and related issues. We are particularly pleased to have keynote presentations by:
- Daniel K. Tarullo, Governor, Board of Governors of the Federal Reserve System
- Barney Frank, former U.S. Congressman and Chairman, House Financial Services Committee
- Richard Cordray, Director, Consumer Financial Protection Bureau
Information will be updated on this website as it becomes available. We hope you will join us in May.