Financial institutions after the crisis: facing new challenges and new regulatory frameworks

8:30 - 9:00 : Registration & Welcome Coffee

9:00 - 9:15 : Welcome address: Robert Ophèle, deputy Governor of Banque de France

9:15 - 11:00 : Session A: Bank Organisational Structures and Macroprudential Policies
Chairman: Frédéric Visnovsky (Autorité de Contrôle Prudentiel et de Résolution)

• The Transmission of Real Estate Shocks Through Multinational Banks
  Speaker: Ata Can Bertay (World Bank) / Discussant: Nicholas Coleman
  • Presentation
  • Discussion

• On a Tight Leash: Does Bank Organizational Structure Matter for Macroprudential Spillovers?
  Speaker: Rhiannon Sowerbutts (Bank of England) / Discussant: Silvia Bressan
  • Presentation
  • Discussion

• The Funding of Subsidiaries Equity, “Double Leverage” and the Risk of Bank Holding Companies (BHCs)
  Speaker: Silvia Bressan (Modul University Vienna) / Discussant: Gong Cheng
  • Presentation
  • Discussion

11:00 - 11:15 : Coffee & Pastries

11:15 - 12:25 : Session B : Liquidity and Bank Lending
Chairman: Vasso Ioannidou (Lancaster University / CEPR)

• Fire Sales, Inefficient Banking and Liquidity Ratios
  Speaker: Axelle Arquié (European University Institute, Max Weber Fellow) / Discussant: Andreas Barth
  • Presentation
  • Discussion

• Internal Liquidity Management and Local Credit Provision
  Speaker: Nicholas Coleman (Federal Reserve Board) / Discussant: Taylor Begley
  • Presentation
  • Discussion

12:25 - 14:15 : Break

14:15 - 16:00 : Session C: Bank Business Models and Bank Risk Management
Chairman: Laurent Weill (Strasbourg university)

• The Strategic Under-Reporting of Bank Risk
  Speaker: Taylor Begley (London Business School) / Discussant: Ata Can Bertay
  • Presentation
  • Discussion

• What Happened to Profitability? Shocks, Challenges and Perspectives for Euro Area Banks
  Speaker: Gong Cheng (European Stability Mechanism) / Discussant: Natalya Martynova
  • Presentation
  • Discussion

• Bank Profitability and Risk-Taking
  Speaker: Razvan Vlahu (De Nederlandsche Bank) / Discussant: Enrico Onali
  • Presentation
  • Discussion

16:00 - 16:15 : Coffee & Pastries

16:15 - 17:25 : Session D: Bail-In, Bail-Out and Market Discipline
Chairman: Olivier de Bandt (Autorité de Contrôle Prudentiel et de Résolution)                  

• Monitoring Matters: Debt Seniority, Market Discipline and Bank Conduct
  Speaker: Enrico Onali (Aston University) / Discussant: Axelle Arquié
  • Presentation
  • Discussion

• Implicit Guarantees and Market Discipline: Has Anything Changed Over the Financial Crisis?
  Speaker: Andreas Barth (Gutenberg School of Management and Economics) / Discussant: Laurent Weill (Strasbourg University)
  • Presentation
  • Discussion

Program Committee:

Olivier de Bandt (ACPR), Henri Fraisse (ACPR), Johan Hombert (HEC), Vasso Ioannidou (Lancaster University), Mathias Lé (ACPR), Jean-Stéphane Mésonnier (Banque de France), Thomas Philippon (NYU), Xavier Ragot (OFCE and PSE) David Thesmar (HEC), Laurent Weill (University of Strasbourg).

Local Organizing Committee:

Henri Fraisse, Mathias Lé, Sophie Tryohen