Measuring Systemic Risk-Systemic Risk and Financial Regulations
Date: 7 June 2011
Venue: KPMG Headquarters in Sydney, from 5pm-6.30pm.
Keynote speaker: Professor Viral Acharya, Stern Business School, NYU.
The Systemic Risk, Basel III, Financial Stability and Regulation
The selected papers presented at this conference were published in a special issue of the Journal of Banking and Finance in 2012. The editors of this issue are Claudio Borio (BIS), Katrina Ellis (APRA), Luci Ellis (RBA) and Fariborz Moshirian (IGF).
Papers for the conference
- Jin-Chuan Duan - A "Public Good" Approach to Credit Rating Reform
- Douglas W. Diamond and Raghuram G. Rajan - Fear of Fire Sales, Illiquidity Seeking and Credit Freezes
- Douglas W. Diamond and Raghuram G. Rajan - Illiquid Banks, Financial Stability and Interest Rate Policy
- Christian T. Brownlees and Robert Engle - Volatility, Correlation and Tails for Systemic Risk Measurement
- Ms Usha Thorat, Former Deputy Governor of the Indian Reserve Bank - Indian Banking Industry: Regulatory Challenges
Date & time: 28 & 29 June 2011, Policy Forum 28 June, 8.30am -1pm
Venue: Shangri-La Hotel
The Systemic Risk, Basel III, Financial Stability and Regulation Conference will be held at the Shangri-La Hotel in Sydney on 28 and 29 June 2011. The conference Policy Forum will be held from 8.30am to 1pm, followed by lunch (1pm-1.45pm).
Policy Forum (28 June 8.30am -1pm)
Keynote speakers of the Policy Forum include:
Nobel Laureate Professor Robert Engle, New York University, Financial Institutions Systemic Risk and Innovation
Merton H. Miller Distinguished Service Professor of Finance, Douglas Diamond, the University of Chicago, Short Term Debt and Financial Regulation
Assistant Governor of the Reserve Bank of Australia, Dr Guy Debelle, Collateral, Funding and Liquidity
Executive General Manager, the Australian Prudential Regulation Authority, Wayne Byres, Seeking a Balance between Safety and Efficiency in Bank Supervision
CEO Australian Securities and Investment Commission, Mr Greg Medcraft,Systemic Risk – The Role of Securities Regulators
CEO Australian Bankers Associations, Mr Steven Munchenberg, What does Basel III Mean for Banks’ Customers and Their Shareholders?
Leader of KPMG's Regulatory Centre of Excellence in the Asia Pacific region, Mr Simon Topping, What Can the West learn from Banking Supervisory Practices in Asia Pacific Including China?
Conference program (28 June 2pm-5pm and Wednesday 29 June 9am-5pm)
The following keynote speakers will address the conference:
Tuesday 28 June:
Keynote addresses
Mr Jim Murphy., Deputy Treasury Secretary (Executive Director, Markets), Competitive Banking Markets Post GFC (2pm-2.30pm)
Merton H. Miller Distinguished Service Professor of Finance, Douglas Diamond, Liquidity risk and government policy (2.30pm-3.30pm)
Concurrent sessions Tuesday 28 June 3.45pm-6pm
Wednesday 29 June:
Keynote addresses
Nobel Laureate Professor Robert Engle, New York University, Identifying Globally Systemically Important Financial Institutions (9am-9.45am)
Director of Risk Management Institute, National University of Singapore, Professor Jin-Chuan Duan, A ‘Public Good’ Approach to Credit Rating Reform (9.45am-10.30am)
Director of the UK Government’s International Centre for Financial Regulation, Ms Barbara Ridpath, The implications of national divergence in financial data and legislations on systemic risk and institutions operating internationally (11am-11.30am)
Former Deputy Governor of the Reserve Bank of India, Ms Usha Thorat, Indian Banking Industry: Regulatory Challenges
Banks and the Opportunities for Investment and Partnership (11.30am-12noon)
Charles A.E., Goodhart. London School of Economics, Alexandros P. Vardoulakis, Banque of France, Sudipto Bhattacharya, London School of Economics and Dimitrio Tsomoocos, University of Oxford, Minisky’s Financial Instability Hypothesis and the Leverage Cycle (12noon-12.30pm)
Event organisers & supporters
The conference is organised by the Reserve Bank of Australia, the Australian Prudential Regulation Authority and the Journal of Banking and Finance. The conference is supported by the UK International Centre for Financial Regulation, Finsia, KPMG and the Australian Bankers Associations.
Further information
Conference information (pdf)