Proceedings, October 1, 2013, simulcast from Washington, DC, and Stanford, California
(Times below are in Pacific Time)
8:00 AM– 8:10 Welcome and Remarks on the Purpose of the Conference
Martin Baily and John Taylor
8:10 AM– 9:40 Panel 1: Causes and Effects of the Financial Crisis
Evolution of banks and other financial institutions, considering postcrisis regulatory policy reforms and emerging financial and economic trends
Chair: John Gunn
Panelists: Sheila Bair, Lawrence Summers, John Taylor, Kevin Warsh
9:40 AM– 10:10 Break (lunch at Brookings)
10:10 AM– 11:40 Panel 2: The Federal Reserve’s Role
Actions before, during, and after the 2008 panic and implications for future policy, considering monetary and lender-of-last-resort policies and the nexus between these and regulatory policy Chair: Annette Nazareth
Panelists: Alan Blinder, Michael Bordo, Peter Fisher, Allan Meltzer
11:40 AM– 12:10 PM Break (lunch at Hoover)
12:10 PM– 12:30 Remarks on Key Issues Facing Financial Institutions
Paul Saltzman
12:30 PM– 2:00 Panel 3: Is Too Big to Fail Over? Are We Ready for the Next Crisis?
Consideration of capital, subordinated debt, and other loss-absorbing requirements, changing perceptions of risk and moral hazard, macroprudential regulation, and international interconnectedness
Chair: Don Kohn
Panelists: Martin Baily & Douglas Elliott, John Cochrane, Darrell Duffie, Steve Strongin
2:00 PM– 2:10 Break
2:10 PM– 3:40 Panel 4: Bankruptcy, Bailout, Resolution
A review and assessment of resolution frameworks, considering experiences with Lehman Brothers and other firms in the crisis, the resolution process under Title II of the Dodd-Frank Act, reforms of the bankruptcy code, including Chapter 14 proposal
Chair: Kimberly Summe
Panelists: Randy Guynn, Michael Helfer, Ken Scott, David Skeel
3:40 PM– 4:00 Concluding Remarks on Key Issues Facing Policy Makers
George Shultz
4:00 PM– 5:30 Reception at the Hoover Institution
Participants at Hoover: John Taylor, John Gunn, Kevin Warsh, Michael Bordo, Allan Meltzer, John Cochrane, Darrell Duffie, Ken Scott, Kimberly Summe, George Shultz
Participants at Brookings: Martin Baily, Sheila Bair, Lawrence Summers, Annette Nazareth, Alan Blinder, Peter Fisher, Paul Saltzman, Don Kohn, Douglas Elliott, Steve Strongin, Randy Guynn, Michael Helfer, David Skeel
