Financial Structure: The Issues

Washington, DC

May 17, 2013

Financial Structure: The Issues

Recent financial reform debates have focused on three structural issues: altering the permissible activities of financial institutions; adapting the balance of banks, capital markets and shadow banks in the financial system; and changing the systems for supervisory oversight and intervention across borders.

The conference will take stock of latest analysis and policy proposals on these issues. The conference will have a keynote and three panels. Each panelist will have 15 minutes, following by an open discussion.

The conference is by registration only. To register please click here (IMF and WB will not need to register). The deadline for the registration is Wednesday, May 15, 2013

For questions regarding the conference, please send an e-mail HHwang@imf.org.

Financial Structure: The Issues
Friday, May 17, 2013 : IMF HQ2 — Conference Hall 1
700, 19th St N.W., Washington, D.C.

1:30 pm

Keynote: Donald Kohn “Structural issues in banking”
Brookings Institution (former Vice Chairman of the Board of Governors)

Introduction: Olivier Blanchard, Economic Counsellor and Director of Research

2:00 pm

Size and Complexity
The session will ask whether banks are too large and complex, and offer an analytical perspective on recent policy proposals to restrict bank scope.

Moderator: Enrica Detragiache (European Department, IMF)
Luc Laeven (RES) – Are Banks too Large and Complex?
Stan Maes (European Commission) – Structural Reform in the EU Banking Sector
Ceyla Pazarbasioglu (MCM) – Structural Measures to Address the Too-Big-To-Fail Conundrum

3:00 pm

Shadow Banks
The session will discuss the economic role and organization of shadow banking: its macroeconomic relevance, relationship with traditional banks, and sources of systemic risk.

Moderator: Charles Kramer (Western Hemisphere Department, IMF)

Stijn Claessens/Lev Ratnovski (RES) – The Drivers of Shadow Banking
Nicola Cetorelli (New York Fed) – Links Between Banks and Non-banks
Laura Kodres (MCM) – Regulatory View of Shadow Banking

4:00 pm

Cross-Border Banking
The session will discuss challenges in cross-border banking, with a specific focus on regulation, supervision and resolution of banks in the context of the European common market.

Moderator: Giovanni Dell’Ariccia (RES)

Mahmood Pradhan (EUR) – A Banking Union for the Euro Area
Dirk Schoenmaker (Duisenberg School) – Supervision and Resolution of International Banks
Ross Leckow (LEG) – A Legal Perspective on Cross-border Bank Resolution

The conference is jointly organized by European, Monetary and Capital Markets, and Research Departments.

Coordinator: Lev Ratnovski. Contact: Helen Hwang, HHwang@imf.org.