Center for Financial Institutions and Program on Corporate Compliance and Enforcement

Regulating Risk Taking in a Post Credit Crisis Environment


Conference e-sign that has a picture of George Washington from the dollar bill on it and the text, Regulating Risk Taking in a Post Credit Crisis Environment

May 16-May 17, 2014
2014 Law & Banking/Finance Conference

Presentations and Panels:

Friday, May 16, 2014

09:15  Thorsten Beck (Cass Business School), Lending Concentration, Bank Performance and Systemic Risk:  Exploring Cross-Country Variation
              Discussant: Geoffrey Miller (NYU School of Law)

10:00  Ryan Bubb (NYU), Mortgage Regulation for Bubbles
               Discussant: Barry Adler (NYU)

11:00  Charles Calomiris (Columbia), Corporate Governance and Risk Management by Unprotected Banks: National Banks in the 1890s
              Discussant: Roberta Romano (Yale)

11:45  Hans Gersbach (ETH Zurich), On the Economics of Crisis Contracts
              Discussant: Jan-Pieter Krahnen (Frankfurt)

13:45  Jean-Charles Rochet (Zurich), How to Finance SIFIs: A Critique of Coco Bonds
              Discussant: Mark Roe (Harvard)

14:30  Enrico Perotti (Amsterdam), Cheap but flighty: how global imbalances create financial fragility
             Discussant: Hans Gersbach (ETH Zurich)

15:30  Viral V. Acharya (NYU) and Bruce Tuckman (NYU), Unintended Consequences of LOLR Facilities: The Case of Illiquid Leverage
              Discussant: Morgan Ricks (Vanderbilt)

16:30  Marco Pagano (Napoli), Short-Selling Bans and Bank Stability: Evidence from Two Crises
              Discussant: Thorsten Beck (Cass Business School)

17:15  Gerard Hertig (ETH Zurich), Decision Making during the Credit Crisis: Why did the Treasury Let Commercial Banks Fail?
             Discussant: David Skeel (Penn)

20:00  Keynote speech on Restructuring Risks in Financial Firms Portfolios by Mark J. Roe (Harvard), followed by a general discussion
             Portfolio Value Destruction in the Lehman Bankruptcy

Saturday, May 17, 2014

09:00  Does Bank Governance Matter?
               Introductory Presentations

  • John Armour (Oxford), Governance Goals and Mechanisms
  • Jeff Gordon (Columbia), Modeling Governance
  • Jan-Pieter Krahnen (Frankfurt), Systemic Risk and Governance
  • Lev Ratnovski (IMF), Can Market Discipline and Corporate Governance Make Banks Safer?

10:30  Does Bank Governance Matter?

List of Participants

  1. Viral Acharya (NYU/Finance)
  2. Barry E. Adler (NYU/Law)
  3. John Armour (Oxford/Law)
  4. Thorsten Beck (London/Finance)
  5. Ryan Bubb (NYU/Law)
  6. Charles Calomiris (Columbia/Finance)
  7. Hans Gersbach (ETH Zurich/Finance)
  8. Jeffrey Gordon (Columbia/Law)
  9. Gerard Hertig (ETH Zurich/Law)
  10. Kathryn Judge (Columbia/Law)
  11. Jan Peter Krahnen (Frankfurt/Finance)
  12. Geoffrey Miller (NYU/Law)
  13. Marco Pagano (Napoli/Finance)
  14. Enrico Perotti (Amsterdam/Finance)
  15. Mark Roe (Harvard/Law)
  16. Morgan Ricks (Vanderbilt/Law)
  17. Lev Ratnovsky (IMF)
  18. Jean-Charles Rochet (Zurich & Toulouse/Finance)
  19. Roberta Romano (Yale/Law)
  20. David Skeel (Penn/Law)
  21. Bruce Tuckman (NYU/Finance)

Funds for this conference were generously provided by the Comfort Family Fund.