Brexit, monetary policy to dominate major International Banking and Financial Stability Conference

THE impact of Brexit on regional growth and the current obsession with monetary policy are amongst the threats to the global banking and financial sector likely to dominate discussion at a major international conference on banking stability be held in Sydney later this month.

The Banking and Financial Stability Conference, hosted by the University of Sydney Business School, will bring together senior representatives of the US Federal Reserve Bank, the Reserve Bank of Australia, the Australian Prudential Regulation Authority, the Bank for International Settlements and The Bank of Finland.

Leading Banking and Finance experts from London’s Cass Business School; Haas School of Business, UC Berkeley; ANU; New York University; Fordham University; UNSW; Monash; the University of Melbourne and NZ’s Victoria University will also take part. 

“The pull-back in bank lending to the Asia-pacific by global but in particular European banks can be expected as a result of Brexit and this is a major concern for the region’s investment and growth,” said Conference Co-chair, Associate Professor Eliza Wu. “This trend started with the GFC continued into the European debt crisis and now with Brexit.”

Associate Professor Wu went on to say that “enhancing financial stability in the face of unprecedented monetary policy regimes that have been implemented around the world and the new risks that have developed within the global financial system will remain a major challenge for policy makers and a concern for those attending the Sydney Conference”.

“The most immediate concern is the increased level of uncertainty and volatility expected and experienced in the international financial markets due to the Brexit vote,” added Co-chair, Professor Suk-Joong Kim. “Brexit has cast doubt over London as the world’s most important financial centre and the future of the international banks that operate there.”

Conference Details:

Date:               Tuesday 12^th July 2016

Time:               8.00 AM to 5.40 PM (Conference Program below)

Venue:             University of Sydney Business School

                        Abercrombie Building, Cnr Abercrombie and Codrington Streets, Darlington

Contact:           Trevor Watson 02 9351 1918 or 0418 648 099

Further information

http://sydney.edu.au/business/finance/banking_and_financial_stability

Conference Program:

8.15-8.30  Conference Opening and Dean’s Welcome – Professor Gregory Whitwell

8.30-9.25  Dr Eli Remolona, Chief Representative for Asia and the Pacific of the Bank For International Settlements The rise of regional banking in Asia and the Pacific

9.25-10.20  Professor Thorsten Beck, Professor of Banking and Finance, Cass Business School, City University London Lending Concentration, Bank Performance and Systemic Risk.

10.35-11.30 Professor Kose John, Charles William Gerstenberg Professorship in Banking and Finance, New York University & Laura H. Carnell Professor of Finance, Temple University Interstate Banking, Bank Information, and Corporate Acquisitions

11.30-12.30 KEYNOTE ADDRESS: Dr Loretta Mester, President and CEO, Federal Reserve Bank of Cleveland Financial stability Considerations for Monetary Policy

1.30-2.30 KEYNOTE ADDRESS: Dr Luci Ellis, Head of Financial Stability Department, Reserve Bank of Australia Financial Stability and the Banking System

2.30-3.25  Professor Kevin Davis, Professor of Finance, University of Melbourne & Monash University & Australian Centre for Financial Studies Hunting the BIRP: Is there a Bail In Risk Premium in Australian bank hybrids?

3.40-4.35 Professor Nadia Massoud, Ian Potter Chair of Finance & Associate Dean of Research, Melbourne Business School Why and How Do Banks Lay off Credit Risk? The Choice between Retention, Loan Sales and Credit Default Swaps

4.35-5.30 Professor Iftekhar Hasan, Professor of Finance and Corrigan Chair in International Business and Finance, Fordham University & Scientific Adviser, Bank of Finland The real impact of Basel ratings-based capital rules on the finance-growth nexus

 ends