Bank Regulation, Capital, Liquidity and Operational Risk

Friday, February 14, 2020

Introductory remarks:

• Merit E. Janow, Dean, School of International and Public Affairs, Columbia
• William Nelson, Chief Economist, The Bank Policy Institute

Paper Session 1: Micro vs. Systemic Risks

• Moderator: Francisco Covas, The Bank Policy Institute
• Linda Goldberg, Federal Reserve Bank of New York “Bank Complexity, Governance and Risk”
• Atanas Mihov, Federal Reserve Bank of Richmond “Operational Risk is More Systemic than You Think: Evidence from U.S. Bank Holding Companies”

• Discussants: Paul Glasserman, Columbia Business School, and Scott Love, Citigroup

Paper Session 2: Capital Regulation

• Moderator: Beverly Hirtle, Federal Reserve Bank of New York
• Marcelo Rezende, Federal Reserve Board “GSIB Surcharges and Bank Lending: Evidence from U.S. Corporate Loan Data”
• Michele Pelli, University of Zurich and Swiss Finance Institute “Bank Capital Requirements and Asset Prices: Evidence from the Swiss Real Estate Market”

• Discussants: Viral Acharya, New York University Stern School, and Adam Ashcraft, Citigroup

The Bank Policy Institute Prize for Empirical Banking Research

• Moderator: Charles Calomiris, Columbia Business School and School of International and Public Affairs
• Erik Mayer, Southern Methodist University “Big Banks, Household Credit Access, and Intergenerational Economic Mobility”
• Matthew Baron, Cornell University “Salient Crises, Quiet Crises.”
• Farzad Saidi, Boston University “Monetary Policy, Bank Lending, and Financial Stability in a Currency Union: Does One Size Fit All”

Lunch

Paper Session 3: Liquidity Regulation

• Moderator: William Nelson, The Bank Policy Institute
• Quynh-Ahn Vo, Bank of England “Capital and Liquidity Interaction in Banking”
• Wenxin Du, Chicago Booth “Arbitrage Capital of Global Banks”       
• Discussants: Kairong Xiao, Columbia Business School, and Marc Saidenberg, Ernst and Young

Panel Discussion on Operational Risk: Emerging Risks, Practices and Regulation

• Moderator: Patricia Mosser, Columbia School of International and Public Affairs
• Phil Venerables, Goldman Sachs
• Carlos Sosa, Federal Reserve Board
• Andrew Kuritzkes, State Street
• Filippo Curti, Federal Reserve Bank of Richmond

Reception