Monthly seminars "chaire ACPR"


The ACPR Research Initiative seminar, monthly set up,  focus on the  questions of regulation and systemic risk for banks and insurance bodies. 

The seminar usually takes place on the first wednesday of every  month from 10.00 to 11.30  on the premises of the ACPR : 53, rue de Châteaudun, Salle Modulaire (rez-de-chaussée) -   See  access plan.  

The seminar is open to everybody. Registration by email at is free but compulsory to attend. If you would like to be informed of upcoming events, please send an email to the same address.

The ACPR Studies Department organizes independant seminars as well  : the page dedicated to the ACPR research seminars is available here.



Wednesday 6th june 2018, 10H00-11H30

 Christian Brownlees ( Universitat Pompeu Fabra and barcelona gse) WILL PRESENT :

« Back to the future: Backtesting Systemic Risk Measures During Historical Bank Runs and the Great Depression »

PLACE : ACPR - salle Modulaire (RdC) - 53 rue chateaudun 75009 PariS (Access Plan)

To have access to the seminar, registration (free) is compulsory by mail at



- Article

- PrEsentation

- Discussion


Publication Seminars
Back to the future: backtesting systemic risk measures during historical bank runs and the great depression

We evaluate the performance of two popular systemic risk measures, CoVaR and SRISK, during eight financial panics in the era before FDIC insurance. Bank stock price and balance sheet data were not readily available for this time period. We rectify this...

  • Published on 05/23/2018
  • FR
  • PDF (2.1 MB)
Publication Seminars
Credit Growth and the Financial Crisis: A New Narrative

A broadly accepted view contends that the 2007-09 nancial crisis in the U.S.was caused by an expansion in the supply of credit to subprime borrowers during the 2001-2006 credit boom, leading to the spike in defaults and foreclosures that sparked the...

  • Published on 05/02/2018
  • FR
  • PDF (1.85 MB)
Publication Seminars
The Impact of Legal Framework on Bank Loan Portfolio: An implementation to the European Stress Test Exercise

The economic crisis put financial and banking sector on the viewfinder of regulators and policymakers across EU and more widely across the world. Indeed, the improvement of the quality of banks' balance sheet has proved crucial for economic...

  • Published on 03/07/2018
  • FR
  • PDF (548.8 KB)
Publication Seminars
How post-crisis regulation has affected bank CEO compensation

This paper assesses whether compensation practices for bank Chief Executive Officers (CEOs) changed after the Financial Stability Board (FSB) issued post-crisis guidelines on sound compensation. Banks in jurisdictions which implemented the FSB’s...

  • Published on 01/25/2018
  • FR
  • PDF (981.25 KB)
Publication Seminars
The impact of the identication of GSIBs on their business model

Most research papers dealing with systemic footprint in the banking system either investigate the definition and the measure of systemic risk, or try to identify systemic banks and to quantify the systemic risk buffers. To the best of our knowledge,...

  • Published on 01/11/2018
  • FR
  • PDF (822.34 KB)
Publication Seminars
Risk-sharing benefits and the capital structure of insurance companies

Providing risk-sharing benefits to risk-averse policy holders is a primary function of insurance companies. We model that policy holders are paying a fee over the present value of indemnifications (i.e., technical provisions) to enjoy these risksharing...

  • Published on 01/10/2018
  • FR
  • PDF (907.97 KB)