Navigation Path: Home > Events > Conferences & seminars > ECB-CFS Research Network Workshop
ECB premises in Frankfurt am Main, 17 – 18 May 2011
Tuesday, May 17th 2011
| 8.30 a.m - 9 a.m. | Registration |
| 9 a.m. - 9.30 a.m. | Opening speech Gertrude Tumpel-Gugerell, Member of the Executive Board, European Central Bank |
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Session 1 The opportunities and hazards of market-based debt financing Chair: Michel Stubbe, European Central Bank |
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| 9.30 a.m. - 10.20 a.m. | Securitisation is not that evil after all Ugo Albertazzi*, Banca d’Italia, Ginette Eramo, Banca d’Italia, Leonardo Gambacorta, Bank for International Settlements and Carmelo Salleo, Secretariat of the European Systemic Risk Board Paper Discussion: Deniz Igan, International Monetary Fund |
| 10.20 a.m. - 11.10 a.m. | Can covered bonds resuscitate residential mortgage
finance in the United States? Jay Surti, International Monetary Fund Paper [1.4 MB] Discussion: Igor Makarov, London Business School |
| 11.10 a.m. - 11.30 a.m. | Coffee break |
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Session II Bank funding with market debt – its costs and implications for credit Chair: Philippe Moutot, European Central Bank |
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| 11.30 a.m. - 12.20 p.m. | Securitisation and lending standards: evidence from
the wholesale loan market David Marqués Ibañez, European Central Bank, Steven Ongena*,Tilburg University and Centre for Economic Policy Research and Alper Kara, Loughborough University Paper Discussion: Jennifer Dlugosz, Board of Governors of the Federal Reserve System |
| 12.20 p.m. - 1.10 p.m. | Did the rise of CLOs lead to riskier lending? Vitaly M. Bord, Federal Reserve Bank of New York and João A. C. Santos*, Federal Reserve Bank of New York and Universidade Nova de Lisboa Paper Discussion: Patrick Sevestre, Banque de France and Université de Paris I - Panthéon Sorbonne programme |
| 1.10 p.m. - 2.40 p.m. | Lunch Foyer of conference room CV, 2nd floor, Eurotower |
| 2.40 p.m. - 3.30 p.m. | The impact of discretionary accounting choice on the
cost of funding for banks Anya Kleymenova, London Business School Discussion: Christoph Memmel, Deutsche Bundesbank |
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Session III Macroeconomic implications of market-based debt funding Chair: Huw Pill, European Central Bank |
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| 3.30 p.m. - 4.20 p.m. | Credit risk transfers and the macroeconomy Ester Faia, Goethe University, Frankfurt am Main Paper Discussion: Matthieu Darracq Paries, European Central Bank |
| 4.20 p.m. - 4.30 p.m. | Coffee break |
| 4.30 p.m. - 5.20 p.m. | Low interest rates and housing booms: the role
of capital inflows,monetary policy and financial
innovation Filipa Sa,Trinity College, University of Cambridge, Pascal Towbin*, Banque de France and Tomasz Wieladek, Bank of England Discussion: Gonzalo Camba-Méndez, European Central Bank |
| 7.30 p.m. | Dinner (by invitation) Restaurant Emma Metzler |
Wednesday, 18th May 2011
| 8.30 a.m. – 9.00 a.m. | Registration and coffee |
| 9 a.m. - 10 a.m. | Keynote speech Consistent regulatory reform of banking, financial markets, and mortgage finance Dwight M. Jaffee, Willis Booth Professor of Banking, Finance and Real Estate, University of California, Berkeley |
| 10 a.m. - 11.30 a.m. | Panel session I Impact of the crisis on the markets and perspectives for the future Chair: Francesco Papadia, Director General Market Operations, European Central Bank Panelists: René Karsenti, President, International Capital Market Association Antonio Torío, Chairman, European Covered Bond Council and Director of Capital Markets Funding, Banco Santander Philipp Waldstein Wartenberg, Head of Group Strategic Funding and Portfolio Group Finance, UniCredit Group Rick Watson, Managing Director, Capital Markets, Association for Financial Markets in Europe |
| 11.30 a.m. - 11.45 a.m. | Coffee break |
| 11.45 a.m. - 1.15 p.m. | Panel session II What securitisation for the future? – The collapse and revival of ABS markets Chair: Ignazio Angeloni, Adviser to the Executive Board, European Central Bank Panelists: José Manuel González-Páramo, Member of the Executive Board, European Central Bank Nadia Calviño, Deputy Director General for Competition, European Commission Dwight M. Jaffee, Willis Booth Professor of Banking, Finance and Real Estate, University of California, Berkeley Brian Leach, Chief Risk Officer, Citigroup Speech by J. M. González-Páramo |
| 1.15 p.m. - 2.45 p.m. | Lunch Dining area, 2nd floor, |
| Conference dates | Tuesday, 17 and Wednesday, 18 May 2011 |
| Conference venue | European Central Bank Eurotower Conference room CV, 2nd floor Kaiserstrasse 29, 60311 Frankfurt am Main |
| Dinner venue | Restaurant Emma Metzler Schaumainkai 17 60594 Frankfurt am Main |
| Conference language | English |
| Programme | The workshop programme may be changed without notice. |
| Organising committee | Ignazio Angeloni, Ester Faia, Magdalena Grothe, Huw Pill, Diego Rodríguez Palenzuela, Michel Stubbe,Thomas Werner |
| Contacts | Diego Rodríguez Palenzuela Head of the Capital Markets and Financial Structure Division Directorate General Economics, European Central Bank Tel.: +49 69 1344 6480 Fax: +49 69 1344 6514 E-mail: diego.rodriguez@ecb.europa.eu |
| Magdalena Grothe Capital Markets and Financial Structure Division Directorate General Economics, European Central Bank Tel.: +49 69 1344 5360 Fax: +49 69 1344 6514 E-mail: magdalena.grothe@ecb.europa.eu |
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| Agnese Apine Capital Markets and Financial Structure Division Directorate General Economics, European Central Bank Tel: +49 69 1344 8256 Fax: +49 69 1344 6514 E-mail: agnese.apine@ecb.europa.eu |
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| Alexandra Kroppenstedt Publishing, Events and Protocol Division Directorate Communications, European Central Bank Tel.: +49 69 1344 7456 Fax: +49 69 1344 5775 E-mail: EVP-Events@ecb.europa.eu |
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| Internet | www.ecb.europa.eu |
