Conference on Financial Regulation in Uncertain Times
The European Banking Center, Vanderbilt Law School and Swiss Finance Institute (University of Lugano) have jointly organized the conference on Financial Regulation in Uncertain Times. The conference was sponsored by NCCR FINRISK.
Date: 15/16 December, 2011
Venue: University of Lugano, Auditorio
Program
15 December
| 9:00 – 9:25 | Welcome Coffee & Brioche Breakfast at University of Lugano | 9:25 – 9:30 | Welcome Greeting by Rico Maggi, Dean of the Faculty of Economics at the University of Lugano |
First panel: Financial Regulation |
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| 9:30 - 12:00 | Michael Barr (Michigan Law School): The Financial Crisis and the Path of Reform Discussant: Yesha Yadav (Vanderbilt Law School) Steven Ongena (Tilburg University): Bank Lending Standards Abroad: Does Home-Country Regulation and Supervision Matter? Discussant: Francesco Franzoni (University of Lugano and Swiss Finance Institute) Margaret Blair (Vanderbilt Law School): Financial Innovation, Leverage, Bubbles and the Distribution of Income Discussant: Antonio Mele (University of Lugano and Swiss Finance Institute) |
Lunch |
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| 12:00 - 13:00 | Lunch at Ristorante Botero |
Second panel: Executive Compensation |
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| 13:00 - 15:30 |
Jesse Fried (Harvard Law School):
Share Repurchases, Equity Issuances, and the Optimal Design of Executive Pay Discussant: Zacharias Sautner (University of Amsterdam) Curtis Milhaupt (Columbia Law School): Executive Compensation in Japan: Empirical Evidence and a Challenge to Theory Discussant: Randall Thomas (Vanderbilt Law School) Alexander Wagner (University of Zürich and Swiss Finance Institute): Are shareholders stupid? On the surprising impact of binding say-on-pay on stock prices Discussant: Ekkehard Wenger (University of Würzburg) |
Coffee Break |
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| 15:30 - 16:00 | Coffee Break at Cafeteria dell’Universitŕ della Svizzera italiana |
Third panel: Financial Markets |
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| 16:00 - 18:30 |
Elena Carletti (European University Institute):
Credit Market Competition and Liquidity Crises Discussant: Ettore Croci (Catholic University of Milano) Luc Laeven (International Monetary Fund): The Valuation Effects of Geographic Diversification: Evidence from US Banks Discussant: Patrick Behr (FGV Rio de Janeiro) Wolf Wagner (Tilburg University): Sources of liquidity and liquidity shortages Discussant: Fausto Panunzi (Università Luigi Bocconi) |
Dinner |
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| 20:00 | Dinner at La Perla del Lago, Casino Lugano |
16 December |
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Fourth panel: International Insolvency |
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| 9:00 - 10:45 |
Gerard Hertig (ETH Zürich):
Stakeholders of Last Resort or Vulture Investors? An Empirical Assessment of Governmental Rescue of Systemically Important Banks in the Global Financial Crisis Discussant: Gyöngyi Lóránth (University of Vienna) Merritt Fox (Columbia Law School): The Role of Due Diligence in Well Functioning Markets for Residential Mortgage Backed Securities Discussant: Alberto Plazzi (University of Lugano and Swiss Finance Institute) |
Coffee Break |
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| 10:45 - 11:15 | Coffee Break at Cafeteria dell’Universitŕ della Svizzera italiana |
Fourth panel: International Insolvency |
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| 11:15 - 13:00 |
Jay Westbrook (Texas Law School):
The Keys to Multinational Coordination of Bank Distress Discussant: Joe McCahery (Tilburg University) Thorsten Beck (Tilburg University): Supervision going global? Discussant: Andreas Madestam (Università Luigi Bocconi) |
Lunch |
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| 13:00 - 14:00 | Lunch at Canvetto Luganese |
Global / English