The Fourth Symposium on Ending Too Big to Fail, September 26

The fourth symposium on Ending Too Big to Fail will be held at the Federal Reserve Bank of Minneapolis on September 26, 2016.

The symposium series is a major initiative launched by the Minneapolis Fed to assess the current status and outlook for addressing the problems of Too Big to Fail (TBTF) banks. This fourth gathering in the series will examine converting debt to equity as a means to address TBTF and the potential for risk to shift to the shadow banking sector in response to banking regulation and the appropriate regulation of shadow banks.

The Minneapolis Fed’s #EndingTBTF initiative will explore various proposals from expert researchers and incorporate input from a wide range of thought leaders, culminating in an actionable plan to end TBTF, which will be released by the end of the year.

Stay up to date with the initiative by filling out this form, or follow us on Twitter @MinneapolisFed and follow the conversation with the hashtag #EndingTBTF.

A livestream of the symposium will also be available at minneapolisfed.org.

Agenda - September 26, 2016

8 – 8:30 a.m.
Continental breakfast

8:30 a.m.
Opening welcome
Neel Kashkari, President, Federal Reserve Bank of Minneapolis
River Room, First Floor

8:45 a.m. – 9:45 a.m.
Keynote address
Financial regulation from the viewpoint of the regulated
Roger W. Ferguson, Jr., President and Chief Executive Officer of TIAA and former Vice Chairman of the Federal Reserve System Board of Governors
Prepared Remarks [pdf]

10:00 a.m. – 12:00 p.m.
Panel 1: Converting debt to equity as a means to address TBTF

Presenters:

  • Emilios Avgouleas, Professor (Chair) of International Banking Law and Finance at the University of Edinburgh and a member of the stakeholder group of the European Banking Authority
    Prepared Presentation [pdf]
  • Mark Flannery, Director and Chief Economist at the U.S. Securities and Exchange Commission and BankAmerica Eminent Scholar in Finance at the University of Florida
    Prepared Presentation [pdf]
  • Stuart Plesser, Senior Director in S&P Global’s North American Financial Institutions Ratings Team
    Prepared Presentation [pdf]
  • Larry Wall, Research Center Executive Director of the Center for Financial Innovation and Stability at the Federal Reserve Bank of Atlanta
    Prepared Presentation [pdf]

Moderator: Ron J. Feldman, Executive Vice President and Senior Policy Adviser, Federal Reserve Bank of Minneapolis

12:15 p.m. – 1:15 p.m.

Morning Session Video [YouTube]

Lunch
Reserve Dining Room, Second Floor

1:30 p.m. – 3:30 p.m.
Panel 2: The potential for risk to shift to the shadow banking sector in response to banking regulation and the appropriate regulation of shadow banks

Presenters:

  • Viral V. Acharya, C. V. Starr Professor of Economics at New York University Stern School of Business
  • Samuel Hanson, Associate Professor of Business Administration at Harvard Business School
    Prepared Presentation [pdf]
  • Morgan Ricks, Associate Professor of Law at Vanderbilt Law School
    Prepared Presentation [pdf]

Moderator: Ron J. Feldman, Executive Vice President and Senior Policy Adviser, Federal Reserve Bank of Minneapolis

3:30 p.m.
Symposium closing remarks
Neel Kashkari, President, Federal Reserve Bank of Minneapolis

3:45 p.m.
Reception
Lobby, First Floor

Afternoon Session Video [YouTube]


Media Scrum Audio [mp3]