09 December 2009

Keynote Speech
09.45 - 10.45

Philipp Hartmann (European Central Bank)
"The Financial Crisis, Systemic Risk and Macro-prudential Supervision"

Session 1
11.00 - 12.30

Martin Knaup (CentER and Tilburg University)
"A Market Based Measure of Banks' Performance during the Subprime Crisis"

Discussion: Olivier De Jonghe (Ghent University)

Anna Sarkisyan (Cass Business School)
"Securitization and Credit Risk Taking: Empirical Evidence from US Bank Holding Companies"

Discussion: Mascia Bedendo (Bocconi University)

Filipa Lima (Banco de Portugal)
"A Model of Bank Price and non-price competition with Endogenous Expected Loan Losses"

Discussion: Alessandra Ferrari (University of Reading)

Session 2
13.30 - 15.00

Sergio Mayodormo (Universidad Carlos III de Madrid)
"Does Liquidity Affect the Price Discovery Process in Credit Derivatives Markets?"

Discussion: Neil Kellard (University of Essex)

Jesus G. Garza-Garcia (University of the West of England)
"Financial Deepening and Bank Productivity in Latin America"

Discussion: Franco Fiordelisi (University of Roma Tre)

Ornella Ricci (University of Roma Tre)
"What are the Efficiency Gains of Bancassurance? A two-side Analysis: The Banking and the Insurance Standpoint"

Discussion: Francesca Arnaboldi

Session 3
15.15 - 16.45

William Gerken (Auburn University)
"Finding Bernie Madoff: Detecting Fraud by Investment Managers"

Discussion: Philip Hamill (University of Ulster)

Andreas Hoepner (University of St Andrews)
"Islamic Mutual Funds' Financial Performance and Investment Style: Evidence from 20 Countries"

Discussion: M Iqbal Asaria (Cass Business School)

Thanos Verousis (Swansea University)
"Return Reversals and the Compass Rose: Insights from High Frequency Options Data"

Discussion: David McMillan (University of St Andrews)