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The conference took place on Friday November 16, 2018 in Santiago, Chile at the Facultad de Economía y Negocios de la Universidad de Chile, Diagonal Paraguay 257, Santiago, Chile. As with previous editions (2015, 2016 and 2017), this conference aims to bring together academics, practitioners, and policymakers sharing interests in banking stability and sustainability. It also provides a forum for presenting new research as well as discussing current and challenging issues on financial stability and related topics. More information and updates will be published at this website.
The Conference provides an instance to discuss a wide range of topics in the area of banking stability, and sustainability; covering topics such as the impact of the implementation of the new Basel capital and liquidity frameworks, new banking resolution mechanisms, the use of stress testing in managing risks, the challenges of new technological development, cyber-security, banking supervision, financial inclusion, and environmentally-conscious banking.
Hour | Activity | |||||||||||||
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8:30-9:00 | Registration and welcome coffee. | |||||||||||||
9:00-9:15 | Welcome address: Jose De Gregorio, Dean of the Faculty of Economics and Business, Universidad de Chile | |||||||||||||
9:15-9:30 | Welcome address: Mario Farren, Superintendent of Banks and Financial Institutions of Chile (SBIF) | |||||||||||||
9:30-10:20 | Guest Speaker: Brad Carr, Senior Director, Digital Finance Regulation and Policy; Institute of International Finance: “Beyond Basel III: digital disruption and new regulatory paradigms” | |||||||||||||
10:20-10:40 | Coffee break | |||||||||||||
10:40-11:50 | Fintech panel discussion - “Fintech, digital banking, and the cybersecurity dilemma” Moderator: Rosario Celedon, Vice President, Financial Market Commission (CMF Chile) Panelists: Tania Ziegler, Alternative Finance Center, University of Cambridge Diego Herrera, Connectivity, Markets and Finance Lead Specialist, Inter-American Development Bank Belline Santana, Deputy Head of the Banking Supervision Department, Banco Central do Brasil (Brazil) | |||||||||||||
11:50-12:10 | Coffee Break | |||||||||||||
12:10-13:00 | Guest Speaker: Thorsten Beck, Full Professor of Banking and Finance; Cass Business School, University of London: "Post-crisis regulatory reform - where do we stand?" | |||||||||||||
13:00-14:15 | Lunch | |||||||||||||
14:20-16:00 | Academic discussion sessions | |||||||||||||
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16:00-16:20 | Coffee Break | |||||||||||||
16:20-18:00 | Academic discussion sessions | |||||||||||||
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18:30 | Closing cocktail reception (by invitation only) |
Dr. Nancy Silva, Superintendencia de Bancos e Instituciones Financieras.
Dr. Erwin Hansen, Facultad de Economía y Negocios, Universidad de Chile.
Rudy Araujo, Association of Supervisors of Banks of the Americas (ASBA).
Cesar Tamayo, Inter American Development Bank.
General inquiries regarding the conference should be directed to our email address. Further information and updates will be provided in this website.
Here you can get the documents authorized by the owners for download:
Name | Author(s) | Link |
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Keynote Speakers | ||
"Post-crisis regulatory reform - where do we stand?" | Thorsten Beck, Full Professor of Banking and Finance; Cass Business School, University of London | Download (PDF) |
“Beyond Basel III: digital disruption and new regulatory paradigms” | Brad Carr, Senior Director, Digital Finance Regulation and Policy; Institute of International Finance | Download (PDF) |
Fintech panel discussion - “Fintech, digital banking, and the cybersecurity dilemma” | ||
“Reaching New Heights” | Tania Ziegler, Alternative Finance Center, University of Cambridge | Download (PDF) |
Fintech in Latin America | Diego Herrera, Connectivity, Markets and Finance Lead Specialist, Inter-American Development Bank | Download (PDF) |
“Fintech, digital banking, and the cybersecurity dilemma” | Belline Santana, Deputy Head of the Banking Supervision Department, Banco Central do Brasil (Brazil) | Download (PDF) |
Session 1: INTERBANK LENDING | ||
Interbank Network Disruptions and the Real Economy - Paper | Dasha Safonova– U.S. Securities and Exchange Commission. | Download (PDF) |
Interbank Network Disruptions and the Real Economy - Presentation | Dasha Safonova– U.S. Securities and Exchange Commission. | Download (PDF) |
Interbank Network Disruptions and the Real Economy - Discussant document | Discussant: Markus Kirchner, Central Bank of Chile | Download (PDF) |
Financial (In)Stability in Chile - Paper | E. Kazakova, Juan Francisco Martinez, M. U. Peiris, and D. P. Tsomocos; National Research University Higher School of Economics, Russian Federation; Central Bank of Chile; University of Oxford. | Download (PDF) |
Financial (In)Stability in Chile - Presentation | E. Kazakova, Juan Francisco Martinez, M. U. Peiris, and D. P. Tsomocos; National Research University Higher School of Economics, Russian Federation; Central Bank of Chile; University of Oxford. | Download (PDF) |
Financial (In)Stability in Chile - Discussant document | Discussant: Cristian Echeverria, Universidad del Desarrollo | Download (PDF) |
Session 2: ELIMINATING MARKET DISTORTIONS AND ASYMMETRICAL INFORMATION | ||
Estimating the Information Component in Switching Costs: A Structural Approach - Paper | Santiago Truffa, Shaisha Kulkarni, Gonzalo Iberti– Tulane University, UC Berkely and Superintendence of Banks and Financial Institutions of Chile (SBIF). | Download (PDF) |
Estimating the Information Component in Switching Costs: A Structural Approach - Presentation | Santiago Truffa, Shaisha Kulkarni, Gonzalo Iberti– Tulane University, UC Berkely and Superintendence of Banks and Financial Institutions of Chile (SBIF). | Download (PDF) |
Estimating the Information Component in Switching Costs: A Structural Approach - Discussant document | Discussant: Carlos Noton, Universidad de Chile | Download (PDF) |
Measuring the Effects of Information on Credit Market Competition - Paper | Fritz Foley, Agustin Hurtado, Andrés Liberman, Alberto Sepulveda - Harvard Business School; University of Chicago Booth School of Business; New York University; Superintendence of Banks and Financial Institutions of Chile (SBIF). | Download (PDF) |
Measuring the Effects of Information on Credit Market Competition - Presentation | Fritz Foley, Agustin Hurtado, Andrés Liberman, Alberto Sepulveda - Harvard Business School; University of Chicago Booth School of Business; New York University; Superintendence of Banks and Financial Institutions of Chile (SBIF). | Download (PDF) |
Session 3: MARKET DISCIPLINE | ||
Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline? - Paper | Jannic Alexander Cutura– Goethe University Frankfurt. | Download (PDF) |
Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline? - Discussant document | Discussant: Roberto Alvarez, Universidad de Chile. | Download (PDF) |
Banks' Business Model and Supply of Credit in Chile - Paper | Antonio Lemus, Miguel Birón, Felipe Córdova - Superintendence of Banks and Financial Institutions of Chile (SBIF), Central Bank of Chile. | Download (PDF) |
Banks' Business Model and Supply of Credit in Chile - Presentation | Antonio Lemus, Miguel Birón, Felipe Córdova - Superintendence of Banks and Financial Institutions of Chile (SBIF), Central Bank of Chile. | Download (PDF) |
Banks' Business Model and Supply of Credit in Chile - Discussant document | Discussant: Carlos Madeira, Central Bank of Chile | Download (PDF) |
Session 4: SYSTEMIC RISK | ||
The (un)desired Effects of Government Bailouts: the Impact of TARP on the Interbank Market and Bank Risk-taking - Paper | Patrick Behr, Weichao Wang; Brazilian School of Public and Business Administration (EBAPE), Getúlio Vargas Foundation. | Download (PDF) |
The (un)desired Effects of Government Bailouts: the Impact of TARP on the Interbank Market and Bank Risk-taking - Presentation | Patrick Behr, Weichao Wang; Brazilian School of Public and Business Administration (EBAPE), Getúlio Vargas Foundation. | Download (PDF) |
The (un)desired Effects of Government Bailouts: the Impact of TARP on the Interbank Market and Bank Risk-taking - Discussant document | Discussant: Alejandra Marinovic, Universidad Adolfo Ibáñez. | Download (PDF) |
Session 5: COMPETITION | ||
Modeling demand deposits and interest rate risk sharing: Lessons from the Mexican banking regulation - Paper | Mariela Dal Borgo. Bank of Mexico. | Download (PDF) |
Modeling demand deposits and interest rate risk sharing: Lessons from the Mexican banking regulation - Presentation | Mariela Dal Borgo. Bank of Mexico. | Download (PDF) |
Modeling demand deposits and interest rate risk sharing: Lessons from the Mexican banking regulation - Discussant document | Discussant: Alfredo Pistelli, Superintendence of Banks and Financial Institutions of Chile (SBIF). | Download (PDF) |
Session 6: CAPITAL ADEQUACY | ||
Optimal Capital Requirement with Noisy Signals on Banking Risk - Paper | Kai Ding, Enoch Hill, David Perez-Reyna – California State University, East Bay; Wheaton College, Universidad de los Andes de Colombia. | Download (PDF) |
Optimal Capital Requirement with Noisy Signals on Banking Risk - Presentation | Kai Ding, Enoch Hill, David Perez-Reyna – California State University, East Bay; Wheaton College, Universidad de los Andes de Colombia. | Download (PDF) |
Please feel free to browse the websites of previous versions of the Banking Development, Stability and Sustainability Conference: