Financial regulation: are we reaching an efficient outcome?

Since the global financial crisis, a number of regulatory policies have been discussed, proposed and sometimes implemented to address shortcomings in the regulatory framework. These include capital and liquidity regulation (notably via Basel III), developments in cross border bank resolution, macro-prudential policies and the issue of “too-big-to-fail”.

With contributions from some of the world’s leading authorities on regulation, this conference will provide a critical overview of alternative measures and ask whether we are any closer to a financial system that is both appropriately stable and efficient in fulfilling its functions to the wider economy.

Programme:

8.30-9.00am Registration and Coffee

Capital adequacy

Capital adequacy - Anat Admati, Stanford University

Issues in capital adequacy - Jean-Charles Rochet, University of Zürich

“Too-big-to-fail”

“Too big to fail” - James Barth, Auburn and Clas Wihlborg, Chapman University

Issues in “too-big-to-fail” - Franklin Allen, Imperial College

Political economy and macroprudential regulation

Macroprudential - Dirk Schoenmaker, Rotterdamand and Peter Wierts, De Nederlandsche Bank

Political economy of macroprudential - Charles Goodhart, Emeritus LSE

13.00 Lunch

Liquidity regulation

Liquidity - Gianni Di Nicolo, IMF

Systemic risk and financial regulation - Jon Danielsson, LSE

Resolution and cross border regulation

Cross border resolution - Thorsten Beck, Cass Business School

No longer domestic in death? – Peter Brierley, Bank of England

Panel: The future of financial regulation

Sir John Gieve, VocaLink; David Miles, Imperial College; Sir Paul Tucker, Chair of the Systemic Risk Council

Conference closes at 5.30pm

This conference has received support from the Brevan Howard Centre for Financial Analysis at Imperial College London, Centre for Macroeconomics, the Economic and Social Research Council, the Money, Macro and Finance Research Group, and The SWIFT Institute.

Date: Friday 18th March 2016

Time: 9am-5.30pm

Venue: Bank of England Conference Suite, 20 Moorgate, London EC2R 6DA

Places are limited so please register early to avoid disappointment. To RSVP please contact Luca Pieri at l.pieri [at] niesr.ac.uk / 0207 6541931