Bank Resolution Mechanisms
Conference 23 May 2013, Institute of Bankers, Dublin 1
A joint academic-practitioner conference with the theme Bank Resolution Mechanisms will be held in Dublin, Ireland on Thursday May 23rd, 2013, organized by the Financial Mathematics and Computation Cluster (FMC2), the Department of Economics, Finance & Accounting at National University of Ireland Maynooth and the UCD School of Business at University College Dublin.
Directions - The Institute of Bankers is within the Citi Building on 1 North Wall Quay, Dublin 1. Please click here for directions.
Confirmed Speakers include:
Ajai Chopra (International Monetary Fund)
Patrick Honohan (Governor, Central Bank of Ireland)
Zhenyu Wang (University of Indiana)
Viral Acharya (New York University).
09.00 Opening Reception with Poster Session
09.45 Ajai Chopra (International Monetary Fund) A Banking Union for the Euro Area
10.30 Zhenyu Wang (University of Indiana) On the Design of Contingent Capital with a Market Trigger
11.15 Coffee break with Poster Session
11.30 Viral Acharya (New York University) A Proposal for the Resolution of Systemically Important Assets and Liabilities: The Case of the Repo Market
12.15 Patrick Honohan (Central Bank of Ireland) The Shifting Goals of Bank Resolution
13.00 Poster Session
Ansgar Walther (University of Cambridge) "Jointly Optimal Regulation of Bank Capital and Maturity Structure"
Magdalena Ignatowski (Goethe University Frankfurt)"Wishful Thinking or Effective Threat? Tightening Bank Resolution Regimes and Bank Risk-Taking"
Josef Korte (Goethe University Frankfurt) "Catharsis: The Real Effects of Bank Insolvency and Resolution"
Brian O'Kelly (Dublin City University) "A Coasean Approach to Bank Resolution Policy in the Eurozone"
Davide Avino (University College Dublin) "Sovereign and bank CDS spreads: two sides of the same coin for European bank default predictability?"
Thomas Conlon (University College Dublin) "Anatomy of a Bail-in"
There is deep and widespread dissatisfaction with the structure and performance of bank resolution mechanisms. This conference will present recent theoretical and empirical research and examine alternatives to current systems. Areas covered include:
- Contingent convertibility of bank liabilities: alternative specifications; contingent convertible bond pricing; the potential impact of contingent convertibility on banks’ cost of capital, capital structure and lending behaviour
- Bank resolution mechanisms within the European banking union
- Deposit insurance, no-bailout commitments and credible resolution mechanisms
- Network and liquidity externalities in bank failure
- Living wills for financial institutions
The academic coordinators for the conference are Gregory Connor (NUIM) and John Cotter (UCD). We are grateful to the Science Foundation of Ireland and the Irish Institute of Bankers for their generous support of this conference.
The Financial Mathematics Computation Cluster (FMC2) is a collaboration between University College Dublin, National University of Ireland Maynooth, Dublin City University and industry partners, with support from the Science Foundation of Ireland.