Assessing Financial Intermediation - Measurement and Analysis

The Office of Financial Research and the Financial Stability Oversight Council sponsored this conference examining recent changes in financial institutions, markets, and activities, and exploring the future implications for financial stability, risk management, and policy.

Logo of the OFR and FSOC conference held on December 6, 2012

Conference Agenda

8:15 a.m.

Introduction

8:30 a.m.

Morning Plenary Sessions

Mary J. Miller, Under Secretary of the Treasury

8:45 a.m.

Framing the Analysis

Nicola Cetorelli, Federal Reserve Bank of New York

9:20 a.m.

Panel 1: The Current and Future Roles of Banks and Nonbanks in the Intermediation Process

Moderator: Peter Fisher, BlackRock

Hayley Boesky, Bank of America Merrill Lynch
Mark Levonian, Office of the Comptroller of the Currency
Andrew Metrick, Yale University

10:30 a.m. Break
10:40 a.m.

Panel 2: The Future of Short Term Funding Markets

Moderator: Matthew Rutherford, Assistant Secretary for Financial Markets

Tobias Adrian, Federal Reserve Bank of New York
Arvind Krishnamurthy, Northwestern University
Tom Wipf, Morgan Stanley

12:00 p.m.

Lunch: Keynote Address

Henry Kaufman, Henry Kaufman & Company, Inc.

1:15 p.m.

Panel 3: Data Gaps for Nonbank Intermediation and Short Term Funding

Moderator: Paul Glasserman, Office of Financial Research

Ben Golub, BlackRock
Susan McLaughlin, Federal Reserve Bank of New York
Dan Oprescu, Bank of England

2:25 p.m. Break
2:35 p.m.

Panel 4: Data Standards for Nonbank Intermediation and Short Term Funding

Moderator: Tim Lind, Thomson Reuters

Karel Engelen, ISDA
Linda Powell, Office of Financial Research
James Slater, BNY Mellon

3:45 p.m.

Panel 5: Implications for Financial Stability and Risk Analysis

Moderator: Laura Kodres, International Monetary Fund

William De Leon, PIMCO
Michael Gibson, Federal Reserve Board of Governors
Robert Merton, Massachusetts Institute of Technology

4:50 p.m. Closing Remarks