2^nd Law & Banking/Finance Conference

New York University School of Law

Friday, April 20 – Saturday April 21, 2012

Tackling Systemic Risk

in particular through capital and compensation instruments

(Program as of April 16, 2012)

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Thursday, April 19, 2012

19:30 Dinner at Tribeca Grill, 375 Greenwich Street at Franklin Street

Friday, April 20, 2012

Furman Hall, 245 Sullivan Street (between Washington Square South and West Third Street),
9^th Floor, Room 910

08:30 Continental Breakfast

09:00 Welcome

09:15 Howell Jackson (Harvard), Systemic Risk

Discussant: Ryan Bubb (NYU)

10:00 Guido Ferrarini (Genoa), Contingent Convertibles
Discussant: Barry E. Adler (NYU)

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10:45 Coffee Break

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11:00 Jean-Charles Rochet (Zurich), Credit Cycles with Collateral Constraints
Discussant: Anat Admati (Stanford)

11:45 Lev Ratnovski (IMF), Banking and Trading
Discussant: Hans Gersbach (ETH Zurich)

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12:30 Lunch at NYU

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Furman Hall, 245 Sullivan Street (between Washington Square South and West Third Street),
9^th Floor, Lester Pollack Colloquium

13:30 Morgan Ricks (Harvard), A Regulatory Design for Monetary Stability

Discussant: Jan-Pieter Krahnen (Frankfurt)

14:15 Jeffrey Gordon (Columbia), The Micro, Macro and International Design

of Financial Regulation

Discussant: Geoffrey Miller (NYU)

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15:00 Coffee break

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15:30 Viral V. Acharya (NYU), The Dark Side of Liquidity Creation: Leverage

and Systemic Risk

Discussant: Marco Pagano (Napoli)

16:15 Tackling Systemic Risk

Open Discussion

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Vanderbilt Hall, 40 Washington Square South, 4^th Floor, Snow Dining Room

18:30 Drinks and Dinner

20.00 Erik Berglof (EBRD), Banking in Transition Economies

Keynote foreword, followed by open debate

Saturday, April 21, 2012

Furman Hall, 245 Sullivan Street (between Washington Square South and West Third Street),
9^th Floor, Lester Pollack Colloquium

08:30 Continental Breakfast

09:00 Charles Calomiris (Columbia), Liquidity vs. Capital Requirements
Discussant: Martin Hellwig (MPI Bonn)

09:45 Anat Admati (Stanford), Debt Overhang and Capital Requirements

Discussant: Gerard Hertig (ETH Zurich)

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10:30 Coffee break

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11:00 Fragility in Banking
Keynote introduction by Anat Admati and Martin Hellwig

Open discussion

13:00 Lunch at NYU

18:00 Dinner at Marc Forgione, 134 Reade Street, between Greenwich and Hudson Streets

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Participants

Viral V. Acharya (NYU/Finance)

Barry E. Adler (NYU/Law)

Anat Admati (Stanford/Finance)

Erik Berglof (ERBD/Finance)

Ryan Bubb (NYU/Law)

Charles Calomiris (Columbia/Finance)

Guido Ferrarini (Genoa/Law)

Hans Gersbach (ETH Zurich/Finance)

Jeffrey Gordon (Columbia/Law)

Martin Hellwig (MPI Bonn/Finance)

Gerard Hertig (ETH Zurich/Law)

Howell Jackson (Harvard/Law)

Marcel Kahan (NYU/Law)

Jan Peter Krahnen (Frankfurt/Finance)

Geoffrey Miller (NYU/Law)

Marco Pagano (Napoli/Finance )

Lev Ratnovski (IMF/Finance)

Gerald Rosenfeld (NYU/Law)

Morgan Ricks (Harvard/Law)

Jean-Charles Rochet (Zurich & Toulouse/Finance)