Federal Reserve Bank of San Francisco
Symposium of Banking and Finances

A Dialogue on Global Regulatory Reform

June 10 - June 11, 2013
San Francisco, CA

The ongoing reform of banking and financial regulations remains a global concern given systemic weaknesses highlighted by the 2008 financial crisis. While these international regulatory standards impact global systemically-important financial institutions (G-SIFIs), regional and local issues must be taken into account during the implementation of the reform agenda. In particular, Asian economies and financial institutions, which in many cases were not as adversely affected by the crisis, have different risk profiles than other global institutions.

The Federal Reserve Bank of San Francisco (FRBSF) hosted a symposium of experts to explore the evolving changes to the regulatory landscape. Participants in the dialogue included central bankers and regulators, financial institutions, market participants and academics. Discussion topics encompassed emerging regulatory standards, implementation challenges, expected improvements and unintentional consequences, and nuances relevant to Asia. The symposium was conducted under “Chatham House rules,” and a brief report of the discussion will be published soon.

Conference Agenda

Day One – Monday, June 10, 2013: 6pm – 9pm

6:00 pm

Registration and Reception

6:45 pm

Dinner

Welcoming Remarks: John C. Williams, President and CEO, Federal Reserve Bank of San Francisco

Keynote Address: Eugene Ludwig, CEO, Promontory Financial Group, LLC.

Day Two – Tuesday, June 11, 2013: 8am – 5pm

8:00 am

Breakfast Buffet

8:30 am

Opening Keynote: John Laker, Chairman, Australian Prudential Regulation Authority

9:15 am

Session I: The Global Reform Agenda and the Supervisory Framework

Moderator: Teresa Curran, Federal Reserve Bank of San Francisco

  • Macro-prudential supervision
    Barry Eichengreen, University of California, Berkeley
  • Efforts to address “too big to fail” institutions
    Teo Swee Lian, Monetary Authority of Singapore
  • Supervisory structures and models
    Megan Butler, Prudential Regulation Authority, Bank of England
  • Risk management
    Julio Rojas, Standard Chartered Bank

10:15 am

Break

10:30 am

Breakout Sessions 

Discussion Leaders:
Perry Wong, Milken Institute
Teresa Kong, Matthews International Capital Management LLC
James Cullen, JD Cullen Company

11:30 am

Breakout Summary and Open Floor

Rapporteurs:
Tom Cunningham, Federal Reserve Bank of San Francisco
Jose Alonso, Federal Reserve Bank of San Francisco
Nicolas Veron, Peterson Institute of International Economics

12:30 pm

Lunch Keynote: Andrew Sheng, Chief Advisor, China Banking Regulatory Commission

2:00 pm

Session II: Existing and Emerging Regulations and Supervisory Tools

Moderator: Loretta Hennessy, L. Hennessy Associates

  • Basel III capital and liquidity standards
    Udaibir Das, Basel Committee on Banking Supervision
  • Stress testing and capital planning
    David Wright, Federal Reserve Bank of San Francisco
  • Supervisory coordination, including recovery and resolution planning
    Arthur Lindo, Federal Reserve Board
  • Disclosure and governance issues, including incentive compensation
    Piyush Gupta, DBS Bank

3:00 pm

Break

3:15 pm

Breakout Sessions

Discussion Leaders:
Robert Madsen, Massachusetts Institute of Technology
David Loevinger, TCW
Eli Remolona, Bank for International Settlements

4:15 pm

Breakout Summary and Open Floor

Rapporteurs:
Anna Baram, Federal Reserve Bank of San Francisco
Douglas Krause, East West Bank
Molly Mahar, Board of Governors of the Federal Reserve System

5:15 pm

Closing Remarks and Adjournment