Save the Date Reminder: May 23rd Conference on Bank Resolution Mechanisms

Co-organizer John Cotter and I are pleased to announce a superb line-up of speakers for the FMC2 half-day conference on bank resolutions mechanisms on Thursday, May 23rd at the Irish Institute of Bankers. To sign up for attendance at the conference, please contact Irene.ward@ucd.ie. Admission is free.

Bank Resolution Mechanisms

Thursday May 23, 2013

Irish Institute of Bankers Conference Hall, International Finance Services Centre

9:15 am – 9:45 am: Registration and Opening Reception with Poster Session

9:45 am – 10:30 am: Ajai Chopra (International Monetary Fund) “A Banking Union for the Euro Area”

10:30 am – 11:15 am: Zhenyu Wang (University of Indiana) “On the Design of Contingent Capital with a Market Trigger”

11:15 am – 11:30 am: Coffee Break

11:30 am – 12:15 pm: Viral Acharya (New York University) “Analyzing the Systemic Risk of the European Banking Sector”

12:15 pm – 1:00 pm: Patrick Honohan (Central Bank of Ireland) “The Shifting Goals of Bank Resolution”

1:00 pm – 1:30 pm: Closing Reception with Poster Session

Note on the Poster Session: A small number of spaces remain available for the poster session. If you would like to submit a poster, please send your working paper or draft research paper to Gregory.connor@nuim.ie or john.cotter@ucd.ie.

The conference is jointly organised by NUI Maynooth, Smurfit School at University College Dublin, and the Financial Mathematics and Computation Cluster (FMC2) and funded by Science Foundation Ireland under its Strategic Research Cluster programme. The venue is generously provided by the Irish Institute of Bankers.

When John Cotter and I originally announced this conference early last year, there was some concern that it might come too late. The European Commission had promised that region-wide bank resolution mechanisms would be fully in place by December 2012. That has not happened and the topic is still very relevant; the discussion will be lively.

10 thoughts on “Save the Date Reminder: May 23rd Conference on Bank Resolution Mechanisms”

  1. “When John Cotter and I originally announced this conference early last year, there was some concern that it might come too late.”

    not a snowball’s given the calibre of leadership at EZ level.

  2. @seafoid — That is what I thought at the time so we went ahead with the planned topic. If anything, the range of proposals for bank resolution mechanisms seems to be growing rather than narrowing. The Cyprus problem opens up the discussion in new ways.

  3. To qualify — when I wrote “that is what I thought” I mean I agreed that the topic would not be fully decided by that December 2012 deadline. Not so sure about my agreeing with the snowballs comment – you said that not me!

  4. I think it is like the Solvency 2 launch date. We have all the time in the world.
    Loads of politics to come. Messy situation

  5. This is a critical topic at a critical time.

    However, it has assumed added significance in circumstances where two Eurozone banks have just been put into an ad hoc resolution scheme burning depositors, while Spanish and Italian depositors look on.

    One wonders if the whole concept of fiat currency is thrown into question when electronic money and government bonds cannot be relied upon in an age where most money used by ordinary workers is in electronic form.

    My view is that the limit of €100,000 is way too low. The sum covered should ba an amount equivalent to prudent savings, plus the value of one house plus a modest redundancy/severance package.

    If the deposits of ordinary retired middle class services industry workers (who are not knowingly speculative capitalists) are not covered then we are in for a very rocky ride.

    Special protection for some pension funds (on a per beneficiary basis) yielding up to a certain income should also be be considered.

    The priority of bank creditors in insolvency needs to be radically re-shaped to provide protections to an appropriately comformtable level to those citizens who the state wants to rely on electronic money as real money, i.e. those people whom if they question en masse the nature of fiat currency could cause the collapse of the financial and economic system.

  6. @John Gallagher — thanks for the remark on the conference. Poster sessions are very common at natural science conference, less so at social science conferences. The FMCC includes a number of natural scientists (mostly in computer science and related) so we have adopted the practice. It is research papers not on the presentation schedule where the authors prepare an A2 poster on their main thesis and results and stand next to the poster to discuss with the passing crowd. We have done it before at some FMCC-sponsored conferences and it worked.

  7. Talk about a twofer,fantastic line up,all best here Gregory.
    If I’m in London, may pop over thanks for explanation.
    Not a big conference attendee.
    It’s all bout capital controls rest just nonsense.

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