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ICFR Conference on Future of Banks' Funding

01 Jun 2011

London, UK

Overview  

On 1 June 2011, the ICFR held an event looking at the future of banks' funding in association with the University of Amsterdam and the University of Pennsylvania Law School. The event comprised of paper presentations by key academics in this area with industry practitioners debating the topics. 

Since the adoption of the Basel III accord at the end of last year, it is now widely recognised that we have moved into the implementation phase of both these proposals and a host of other micro and macro prudential measures designed to mitigate against the frequency and severity of financial crises. However, it is also the case that much of the detail has yet to be settled and there are crucial areas where the policy frameworks have yet to be put in place. Deciding on who should bear the costs of future crises is still a big issue.

This ICFR workshop on the future of bank’s funding provided a forum for discussion on two, interrelated topics in this field which current proposals did not seem to adequately address and which some argue played a key role in the propagation of the crisis. Professor David Skeel (S. Samuel Arsht Professor of Corporate Law, University of Pennsylvania Law School) discussed whether or not the US Dodd-Frank Act adequately deals with the bankruptcy privileges given to derivatives and collateral with financial institutions. Professor Enrico Perotti (Professor of International Finance, Amsterdam Business School, Duisenberg School of Finance) discussed the notion that it is reasonable for investors to pay for these privileges and that consideration should be given to some form of systemic liquidity risk charge.
 

Further Resources      

 Click here to download the conference proceedings
 Click here to download the press release
 Click here to download the programme
   
 

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Further Resources      

 Click here to download the conference proceedings
 Click here to download the press release
 Click here to download the programme
 

Related Research Topics   

 Click here for more information