Séminaire mensuel de la Chaire ACPR « Régulation et Risque Systémique »

 

Le séminaire de la Chaire ACPR, organisé mensuellement, se concentre sur les questions de régulation et de risque systémique pour les banques et les organismes d’assurance. Cette page présente les éléments relatifs aux événements, passés ou à venir, ainsi que les modalités de participation.

Le séminaire de la Chaire ACPR se déroule habituellement le premier mercredi de chaque mois de 10h00 à 11h30 à l’ACPR : 4 rue de Budapest, Salle Liège (rez-de-jardin) - Voir plan d'accès.  

Le séminaire est ouvert à tous. L’inscription par mail à chaireACPR@acpr.banque-france.fr est gratuite mais obligatoire pour y assister. Si vous souhaitez être informés des prochains évènements, merci d’envoyer un mail à la même adresse.

La Direction des Études de l’ACPR organise également des séminaires indépendants : la page dédiée aux séminaires de recherche organisés par l’ACPR est accessible ici.

 

PROCHAIN ÉVÉNEMENT 

Mercredi 15 septembre 2021, 10h30 - 12h00

Andrea Presbitero (Johns Hopkins University School of Advanced International Studies) présentera

“Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy”

Abstract :  We show that negative interest rate policy (NIRP) has expansionary effects on bank credit supply—a nd the real economy—through a portfolio rebalancing channel, and that, by shifting down and flattening the yield curve, NIRP differs from rate cuts just above the zero lower bound. For identification, we exploit ECB’s NIRP and matched administrative datasets—including the credit register—from Italy, severely hit by the Eurozone crisis. NIRP affects banks with higher ex-ante net short-term interbank positions or, more broadly, more liquid balance-sheets. NIRP-affected banks rebalance their portfolios from liquid assets to lending, especially to ex-ante riskier and smaller firms—without higher ex-post delinquencies—and cut loan rates (even to the same firm), inducing sizable firm-level real effects. By contrast, there is no evidence of a retail deposits channel associated with NIRP.

Attention ce séminaire aura lieu en vidéoconférence.

Pour recevoir le lien de connexion, l'inscription (gratuite) est obligatoire par mail à chaireACPR@acpr.banque-france.fr

Pour nous contacter

Article

 

DERNIER ÉVÉNEMENT

Mercredi 2 juin 2021, 10h30 - 12h00

Leonie Violetta Brinker (University of Cologne) présentera

“Optimal drawdown-based decision making for insurance companies”

Attention ce séminaire aura lieu en vidéoconférence.

Pour recevoir le lien de connexion, l'ins cription (gratuite) est obligatoire par mail à chaireACPR@acpr.banque-france.fr

Pour nous contacter

Article

Publication Chaire ACPR régulation et risque systèmique
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...

  • Publié le 15/12/2017
  • FR
  • PDF (430.5 Ko)
Publication Chaire ACPR régulation et risque systèmique
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...

  • Publié le 08/11/2017
  • FR
  • PDF (1.44 Mo)
Publication Chaire ACPR régulation et risque systèmique
Lending Standards Over the Credit Cycle

We analyze how rms' segmentation into credit classes a ects 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...

  • Publié le 04/10/2017
  • FR
  • PDF (1 Mo)
Publication Chaire ACPR régulation et risque systèmique
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...

  • Publié le 13/09/2017
  • FR
  • PDF (247.23 Ko)
Publication Chaire ACPR régulation et risque systèmique
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...

  • Publié le 07/06/2017
  • FR
  • PDF (1.36 Mo)
Publication Chaire ACPR régulation et risque systèmique
Banks' response to negative interest rates : Evidence from the Swiss exemption threshold
  • Publié le 03/05/2017
  • FR
  • PDF (824.9 Ko)
Publication Chaire ACPR régulation et risque systèmique
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...

  • Publié le 05/04/2017
  • FR
  • PDF (956.73 Ko)
Publication Chaire ACPR régulation et risque systèmique
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...

  • Publié le 15/03/2017
  • FR
  • PDF (697.42 Ko)
Publication Chaire ACPR régulation et risque systèmique
The Impact of Supervision on Bank

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 bank within its Federal Reserve district. We demonstrate that supervisors record more hours...

  • Publié le 01/02/2017
  • FR
  • PDF (521.98 Ko)
Publication Chaire ACPR régulation et risque systèmique
What drives the expansion of the peer-to-peer lending ?

Mercredi 4 janvier 2017, 10h à 11h30

  • Publié le 04/01/2017
  • FR
  • PDF (1.52 Mo)