10 years after the Lehman debacle and the financial crisis of 2008, what have we learned about monitoring and regulation of systemic risk in the financial system? What is the impact of the financial reforms undertaken since 2008 on the stability of the financial system? Is the financial system safer than in 2008?
This one-day event brings together leading researchers to get their perspectives on these important issues and present their outlook on financial regulation and systemic risk.
- Financial regulation: regulatory reforms, benchmark reforms, macroprudential regulation
- Systemic risk: channels of contagion, monitoring of systemic risk
- Stress testing: bank stress tests, macroprudential stress tests, stress test of market infrastructure
- OTC markets: transparency, central clearing and CCPs, margin requirements for noncleared derivatives
- Impact of the the new regulations on risk management in financial institutions
Speakers and panelists :
- Yann Braouezec (IESEG)
- Laurent Clerc (Banque de France)
- Rama Cont ( CNRS & University of Oxford)
- Darrell Duffie (Stanford University)
- Paul Glasserman (Columbia University)
- Jerome Henry (European Central Bank)
- Jean-Charles Rochet ( Université de Genève)
The event will take place in Salon d’Honneur at Palais Brongniart.
8:15 – 8:50 Registration and coffee.
8:50 -9:00 Welcome and Introduction
9:00 – 9:40 Darrell Duffie (Stanford): No more Too Big to Fail.
9:40 – 9:50 Discussion
9:50 -10:30 Rama Cont (CNRS & Oxford) Liquidity, solvency and bank stress tests.
10:30 – 10:40 Discussion
10:40- 11:10 Coffee Break
11:10 – 11:50 Paul Glasserman (Columbia) Can Swing Pricing Prevent Mutual Fund Runs and Fire Sales?
11:50 -12:00 Discussion
12:00 -13:30 Lunch
13:30 – 14:10 Jean-Charles Rochet ( Geneve )
14:10- 14:20 Discussion
14:20 -15:00 Yann Braouezec (IESEG) Bank Stress testing: an equilibrium approach.
15:00 -15:10 Discussion
15:10 – 15:40 Coffee Break
15:40 – 17:00 Discussion panel:
Financial regulation and systemic risk: 10 years after Lehman
Laurent Clerc (Banque de France) Rama Cont (CNRS & Oxford)
Jerome Henry (European Central Bank) Paul Glasserman (Columbia)
Initiative de Recherche « Institutions financières face à la régulation”, Institut Louis Bachelier
Palais Brongniart 16 Place de la Bourse, Paris, 75002 France