Fifteenth Annual International Banking Conference

Last Updated: 12/4/2012

The Social Value of the Financial Sector: Too Big to Fail or Just Too Big?

November 15–16, 2012

In conjunction with London's Centre for Economic Policy Research (CEPR), the Federal Reserve Bank of Chicago held its fifteenth annual International Banking Conference on November 15–16, 2012, at the Bank. The purpose of the annual conference was to address important current issues affecting international financial markets. This year, the conference examined the social value of the financial sector. What are the welfare implications of the current industry structure? 

 

As at past conferences, the emphasis of the conference will be on the implications for public policy. The conference featured keynote presentations by 

 

  • Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, University of Chicago
  • Mary John Miller, Under Secretary for Domestic Finance, U.S. Treasury Department
  • Charles Goodhart, Emeritus Professor of Banking and Finance, Financial Markets Group, London School of Economics.

 

As usual, the makeup of the conference will truly be international. Participants from some 35 countries regularly participate in the conference and include representatives of central banks, regulatory and supervisory agencies, financial institutions, trade associations and academic institutions from around the globe.  

 

Registration information: There is an early bird fee of $650 for those who register on or before October 15, 2012. For those registering between October 15 and November 12, 2012, the fee will be $700. Registration is closed as of end of day November 12.

 
We invite you to participate in this important event. Additional information, including updates to the agenda, will be posted on this website as it becomes available.


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11/15/12
9:00 AM
Registration
9:40 AM
Welcoming Remarks
Charles L Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Richard Portes, London Business School and Founder and President, Centre for Economic Policy Research (CEPR) – London
10:00 AM
Session 1
Description and Measurement of the Financial System
Moderator
Douglas D Evanoff, Federal Reserve Bank of Chicago
Speakers
Charles W Calomiris, Columbia University
Alan M Taylor, University of Virginia
Enrico Berkes, Northwestern University
Ugo Panizza, University of Geneva
Vincent Reinhart, Morgan Stanley
Commentator
Eugene N White, Rutgers University
11:45 AM
Luncheon and Keynote Address
Introduction
Charles L Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Speaker
Charles Goodhart, Emeritus Professor of Banking and Finance, Financial Markets Group, London School of Economics
1:45 PM
Session 2
Social Benefits and Costs of the Current Financial System
Moderator
Richard Portes, London Business School and CEPR
Speakers
Ross Levine, University of California, Berkeley
Marco Pagano, University of Naples Federico II
Romain Rancière, Paris School of Economics
Commentator
, Williams College
3:30 PM
Break
3:45 PM
Session 3
Financial Industry Innovation
Moderator
Daniel G Sullivan, Executive Vice President and Director of Research, Federal Reserve Bank of Chicago
Speakers
Viral V Acharya, New York University
W Scott Frame, University of North Carolina at Charlotte
Luc Laeven, International Monetary Fund
Robert W Vishny, University of Chicago
5:50 PM
Reception
6:45 PM
Dinner and Keynote Address
Introduction
Charles L Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Speaker
Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, University of Chicago
11/16/12
7:30 AM
Registration and Continental Breakfast
8:15 AM
Session 4
Effects of Regulation, the Safety Net and Other Government Guarantees
Moderator
Bethany McLean, Vanity Fair
Speakers
Edward Kane, Boston College
Nicola Cetorelli, Federal Reserve Bank of New York
Javier Suarez, Center for Monetary and Financial Studies (CEFMI), Madrid
Commentator
Mathias Dewatripont, National Bank of Belgium
10:00 AM
Break
10:15 AM
Session 5
Finance and Economic Activity: Variations across Emerging and Developed Markets
Moderator
María J Nieto, Banco de España
Speakers
Franklin Allen, University of Pennsylvania
Thorsten Beck, Tilburg University, The Netherlands
Neeltje van Horen, De Nederlandsche Bank
Commentator
Elias Papaioannou, London Business School
12:00 PM
Luncheon and Keynote Address
Introduction
David Marshall, Senior Vice President, Associate Director of Research and Director of Financial Markets, Federal Reserve Bank of Chicago
Speaker
Mary John Miller, Under Secretary for Domestic Finance, U.S. Treasury Department
2:00 PM
Session 6
Break Up the Big Banks?
Moderator
David Marshall, Federal Reserve Bank of Chicago
Speakers
James R Barth, Auburn University and Milken Institute
Thomas M Hoenig, Federal Deposit Insurance Corporation
Charles Morris, Federal Deposit Insurance Corporation
Harvey Rosenblum, Federal Reserve Bank of Dallas
Hal S Scott, Harvard University Law School
3:45 PM
Break
4:00 PM
Session 7
Where to from Here? What Does All of This Mean for Financial Regulatory Policy?
Moderator
George G Kaufman, Loyola University Chicago
Speakers
Claudio Borio, Bank for International Settlements
Thomas Huertas, Ernst & Young, London
Vasileios Madouros, Bank of England
Danièle Nouy, Banque de France
Barbara A Rehm, American Banker
Jürgen Stark, Formerly European Central Bank Executive Board
6:00 PM
Reception
6:00 PM
 

Conference Organizers

Viral V. Acharya, New York University and CEPR
Thorsten Beck, Tilburg University and CEPR
Douglas D. Evanoff, Federal Reserve Bank of Chicago
George G. Kaufman, Loyola University Chicago
Richard Portes, London Business School and CEPR


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Hotel and Area Information

Club Quarters
111 W Adams St
Chicago ,  IL   60603

Website

 

Room rate: $134/standard + 16.4% hotel occupancy tax
Reservations: Please call member services  at (203) 905-2100 during business hours and use group code FRB119 for the special conference rate. You will need a credit card to guarantee the reservation.
Cut-off date:  October 3

 

Club Quarters is a club-like hotel in the center of "the Loop," Chicago's Central Business District and a two block walk to the Bank. This vibrant area is bound on the west and north by the Chicago River, on the east by Lake Michigan and on the south by Roosevelt Road. Club Quarters is minutes from Michigan Avenue and a short walk to the Symphony Center, the Art Institute, Board of Trade, the Willis Tower, the River Front, theaters, Grant Park and world famous Magnificent Mile.

 

Club Living Room: Living room exclusively for guest use - featuring comfortable seating areas, oversized television, computer workstations, complimentary WIFI, coffee, tea and newspapers.

 

Elephant and Castle Pub Restaurant: The onsite restaurant with authentic British décor boasts Chicago's most comprehensive menu of beer and whiskey. The breakfast, lunch and dinner menus feature both American and British classic casual fare at reasonable prices.

 

Multi-menu Delivery: Chicago is one of the best cities in the world when it comes to food. Club Quarters has arranged for multiple restaurants to deliver to Club Quarters guests and menus are available in the guest rooms.

Union League Club
65 W Jackson Blvd
Chicago ,  IL   60604

Website

 

Room rate: $190.00 + 20% surcharge (no tax), includes full breakfast buffet each day.

Reservations: Please call (800) 443-0578 or (312) 427-7800 and reference the FRB International Banking Conference to receive the conference rate. You will need a credit card to guarantee the reservation. The club accepts Visa, Master Card and American Express.

 

The Union League Club is located in the heart of Chicago’s downtown financial district and is a two block walk to the Bank. Our accommodations provide the ambiance, security and extraordinary service of a private Club, plus the conveniences of a classic hotel. 

 

Guests staying at the Club also have the opportunity to use the Club’s other facilities including the following;

 

Free use of the Athletic Department

Swimming pool

Cardiovascular fitness center

Handball, racquetball and squash courts

Weight Room

Gymnasium

 

Women and Men’s Spa

Also offers manicures, pedicures, massages, tanning and personal trainers for an additional fee.

 

Library

Complimentary business center including free Internet access

Dining rooms and lounges

Discounted parking (validated at the Front Desk for overnight guests)

 

Guest rooms amenities include:

Complimentary high-speed wireless Internet service

Two line speakerphone with data port

Digital movies on demand


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Background Information

Information on previous International Banking Conferences.


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