Monthly seminars "chaire ACPR"


The ACPR Research Initiative seminar highlights high-quality research addressing issues of regulation and systemic risk for both banks and insurance firms. 

The seminar takes place on the first Wednesday of the month from 10.00 to 11.30 in the premises of the ACPR: 4, place de Budapest, Salle Liège (rez-de-jardin) -  See access plan.  

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

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



Wednesday, June 10th 2020, 10.30 am - noon


Iman van Lelyveld (DNB and VU Amsterdam)  will present:

« How Banks Respond to Distress: Shifting Risks in Europe's Banking Union »

Pay attention, this seminar will take place online.

To receive the invitation to the web platform, (free) registration is compulsory by mail at




Wednesday, March 4th 2020, 10h00-11h30

Nicola Pavanini (Tilburg University) will present:


« Collateral and Asymmetric Information in Lending Markets »

At ACPR - salle Liège (RdJ) – 4, place de Budapest 75009 Paris (Access plan)

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




Publication Seminars
Bank resolution and the structure of global banks

We study the efficient resolution of global banks by national regulators. Single-point-of-entry (SPOE) resolution, where loss-absorbing capital is shared across jurisdictions, is efficient but may not be implementable. First, when expected transfers...

  • Published on 12/15/2017
  • FR
  • PDF (430.5 KB)
Publication Seminars
Adverse Selection on maturity : Evidence from online Consumer

Longer loan maturity provides borrowers with insurance against future changes in the price of credit. The present paper examines whether, consistent with theories of insurance markets with private information, maturity choice leads to adverse selection...

  • Published on 11/08/2017
  • FR
  • PDF (1.44 MB)
Publication Seminars
Lending Standards Over the Credit Cycle

We analyze how rms' segmentation into credit classes aects the lending standards applied by banks to small and medium enterprises over the cycle. We exploit an institutional feature of the Italian credit market that generates a discontinuity in...

  • Published on 10/04/2017
  • FR
  • PDF (1 MB)
Publication Seminars
Why risk is so hard to measure ?

This paper analyzes the reliability of standard approaches for Financial risk analysis. We focus on the difference between value–at–risk and expected shortfall, their small sample properties, the scope for underreporting risk and how estimation can be...

  • Published on 09/13/2017
  • FR
  • PDF (247.23 KB)
Publication Seminars
The Run for Safety : Financial Fragility and Deposit Insurance

We study a run on uninsured deposits in Danish banks triggered by a reform that limited deposit insurance coverage. Using a unique dataset with information about all individual bank accounts, we show that the reform caused a 50% decrease in deposits...

  • Published on 06/07/2017
  • FR
  • PDF (1.36 MB)
Publication Seminars
Winning Connections? Lobbying and the Resolution of Failed Banks

This paper studies how lobbying activities affect the resolution of failed banks during the Great Recession. We show evidence from failed-bank auctions that lobbying increases a bidder’s probability of winning by 26.4 percentage points. The transfer to...

  • Published on 04/05/2017
  • FR
  • PDF (956.73 KB)
Publication Seminars
Regulatory reform and risk-taking : replacing ratings

We analyze a reform of insurance companies’ capital requirements for mortgage-backed securities. First, credit ratings were replaced as inputs to capital regulation. Second, the redesigned system ensures capital buffers sufficient to withstand expected...

  • Published on 03/15/2017
  • FR
  • PDF (697.42 KB)
Publication Seminars
The Impact of Supervision on Bank Performance

We introduce a novel instrument to identify exogenous variation in the intensity of supervision across U.S. bank holding companies based on the size rank of a firm within its Federal Reserve district. We demonstrate that supervisors record more hours...

  • Published on 02/01/2017
  • FR
  • PDF (665.34 KB)
Publication Seminars
What drives the expansion of the peer-to-peer lending?

Peer-to-peer lending platforms are online intermediaries that match lenders with borrowers. We use data from the two leading online lenders, Prosper and Lending Club, to explore main drivers of their expansion in the United States. We exploit the...

  • Published on 01/04/2017
  • FR
  • PDF (1.52 MB)