European Banking Center

The European Banking Center hosts researchers who stimulate research and debate in addressing the challenges and opportunities raised by banks, financial systems and regulators.

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5th Financial Stability Conference

The Regulatory Framework of the Future

Date: 21-22 October, 2013

Venue: Cobbenhagen Building C 186 | Ruth First room (Mezzanine - Zone E)

Tilburg, the Netherlands

The conference will be organized in cooperation with the European Banking Center and the CEPR.

The conference will be sponsored by SNL Financial Ltd.

Conference Program

We plan to have 25 minutes for each presentation plus 15 minutes for the discussant and 10 minutes for questions from the floor.

Monday, 21 October 2013
08:30 - 09:00 Registration with coffee/tea
Session I Chair: Wolf Wagner (Tilburg University, European Banking Center)
09:00 - 09:10 Opening of the Conference by Wolf Wagner
09:10 - 10:00 Giovanni Favara (Board of Governors of the Federal Reserve System)
‘Mortgage Market Concentration, Foreclosures and House Prices’
Co-authors: Mariassunta Giannetti (Stockholm School of Economics, CEPR)
Discussant: Damjan Pfajfar (Tilburg University, European Banking Center)
10:00 - 10:50 Morten Bech (Bank for International Settlements)
‘The Liquidity Coverage Ratio and Monetary Policy Implementation’
Co-authors: Todd Keister (Rutgers University)
Discussant: Florian Heider (European Central Bank)
10:50-11:10 Coffeebreak
11:10 - 12:00 Jean-Edouard Colliard (European Central Bank)
‘Supervisors' Incentives and Optimal Regulatory Architecture in a Banking Union’
Discussant: Giovanni di Iasio (Bank of Italy)
12:00 - 12:50 Mathias Efing (Swiss Finance Institute; University of Geneva)
‘Structured Debt Ratings: Evidence on Conflicts of Interest’
Co-authors: Harald Hau (Swiss Finance Institute; University of Geneva, CEPR)
Discussant: Dion Bongaerts (Rotterdam School of Management, Erasmus University)
12:50 - 14:20 Lunch at Faculty Club
Session II Chair: Burak Uras (Tilburg University, European Banking Center)
14:20 - 15:10 Javier Suarez (CEMFI and CEPR)
‘A Macroeconomic Model of Endogenous Systemic Risk Taking’
Co-authors: David Martinez-Miera (Universidad Carlos III)
Discussant: Kebin Ma (Tilburg University, European Banking Center)
15:10 - 16:00 Tümer Kapan (Fannie Mae)
‘Balance Sheet Strength and Bank Lending During the Global Financial Crisis’
Online Appendix
Co-authors: Camelia Minoiu (International Monetary Fund)
Discussant: Enrico Sette (Banca d’Italia)
16:00 - 16:20 Guillaume van Eeckhout
Introduction of the SNL database
16:20 - 16:50 Coffeebreak
16:50 - 17:50 Kebin Ma (Tilburg University, European Banking Center)
‘Banking Competition and Stability: The Role of Leverage’
Co-authors:Xavier Freixas (Universitat Pompeu Fabra and CEPR)
Discussant: Marcella Lucchetta (Università Ca'Foscari Venezia)
19:00 - 22:00 Dinner at ‘Auberge du Bonheur’ (invitees only)
Tuesday, 22 October 2013
08:45 - 09:00 Welcome with coffee/tea
Session III Chair: Harry Huizinga (Tilburg University, European Banking Center)
09:00 - 09:50 Olivier De Jonghe (Tilburg University, European Banking Center)
‘Banks’ Size, Scope and Systemic Risk: What Role for Conflicts of Interest?’
Co-authors: Maaike Diepstraten (Tilburg University) and Glenn Schepens (National Bank of Belgium)
Discussant: John Wilson (University of Saint Andrews)
09:50 - 10:40 Xavier Vives (IESE Business School)
'Strategic Complementarity, Fragility, and Regulation’
Discussant: Gabriella Chiesa (Università di Bologna)
10:40 - 11:05 Coffeebreak
11:05 - 12:20 Asli Demirguç-Kunt (World Bank)
Keynote speech 'Rethinking the Role of the State in Finance'
12:20 - 13:50 Lunch at Faculty Club
Session IV Chair: Olivier De Jonghe (Tilburg University, European Banking Center)
13:50 - 14:40 Piotr Danisewicz (Bangor Business School, Bangor University)
‘The Real Effects of Regulatory Enforcement Actions: Evidence from U.S. Counties’
Co-authors: Danny McGowan, Enrico Onali and Klaus Schaeck (Bangor Business School, Bangor University)
Discussant: Lars Norden (Rotterdam School of Management, Erasmus University)
14:40 - 15:30 Jennie Bai (Federal Reserve Bank of New York)
‘Measuring Liquidity Mismatch in the Banking Sector’
Co-authors: Arvind Krishnamurthy (Kellogg School of Management) and Charles-Henri Weymuller (Harvard University)
Discussant: Klaus Schaeck (Bangor Business School, Bangor University)
15:30 Closing Remarks by Olivier De Jonghe

Participate and register

Registration deadline is closed.

The conference participation fee of 150 Euro covers admission to all academic sessions, handout materials and information package, drinks, lunches and administrative costs.

There is an additional 75 Euro fee if you want to join the official conference dinner on October 21, 2013.

Participation is free of charge for CEPR and Tilburg University affiliates, presenters and discussants.

Please register via by mentioning your full name and affiliation and include the invoice address and the arrangement of your choice due to dinner arrangements.

Route description

When: 21 October 2013 09:00

End date: 22 October 2013 15:30