Capital Market Union and Beyond volume - conference | Imperial College Business School

Event details

26 January 2018 - 27 January 2018

08:30 - 18:00

The Rembrandt Sarova Hotel , South Kensington, London, SW7 1AL, UK

The Capital Market Union and Beyond – Volume Conference is a 2 day conference organised by the Brevan Howard Centre.

The conference is organised by Brevan Howard Centre for Financial Analysisat Imperial College Business School and will take place at the Rembrandt Sarova, South Kensington, London.

With speakers and discussants in three parts, the conference will examine long term investment, risk sharing, financial market integration, Capital Markets, and Households and regulators.

Friday 26 January 2018
Time	Activity
9:00-9:30	Registration/Tea and Coffee
9:30-10:05	Defining the key challenges of CMU Franklin Allen (Imperial College London) and Lubos Pastor (University of Chicago Booth School of Business, NBER and CEPR)Discussant: Diego Valiante (European Commission)
10:05-10:40	The institutions of Europe’s Capital Markets Union Stefano Micossi (Assonime and College of Europe)Discussant: Daniel Gros (Centre for European Policy Studies)
10:40-11:15	Interconnectedness Richard Portes (London Business School and CEPR)Discussant: Elena Carletti (Bocconi University)
11:15-11:35	Coffee Break
11:35-12:10	The interrelationship between the Banking Union and the Capital Markets Union Massimo Marchesi (European Commission) and Mario Nava (European Commission)Discussant: Claudio Borio (BIS)
12:10-12:45	Promotion of medium and smaller companies Susanne Kalss (Wirtschaftsuniversität Wien)Discussant: Mathias Casper (Muenster University)
12:45-13:20	Capital markets union and the virtual world: Initial Coin Offerings, Tokens, digital corporations Katja Langenbucher (Goethe University Frankfurt and Science Po, Paris)Discussant: David Kershaw (LSE)
13:20-14:20	Lunch
14:20-14:55	Capital Markets Union and the Retail Investor: an Inflection Point for Reflection? Niamh Moloney (LSE)Discussant: Christoph Grigoleit (University of Munich)
14:55-15:30	Comparative Europe-US chapter TBA Jeff Gordon (Columbia University)Discussant: Kathryn Judge (Columbia University)
15:30-16:05	Capital Markets Union and Cross-Border Risk-Sharing Claudia Buch (Bundesbank) and Franziska BremusDiscussant: Zsolt Darvas (BRUEGEL)
16:05-16:25	Coffee Break
16:25-17:00	Growth prospects for small and medium enterprises Gianmarco Ottaviano (LSE, U Bologna, BRUEGEL, CEP, CEPR and LdA), Giorgio Barba Navaretti (U Milan, Sciences Po and LdA), Giacomo Calzolari (U Bologna, CEPR and LdA), Alberto Pozzolo (U Molise and LdA)Discussant: Johannes Adolff (Hengeler)
17:00-17:35	Mitigating investor losses due to mortgage defaults: Lessons from global financial crisis Sumit Agarwal (NUS), G. Amromin (Federal Reserve Bank of Chicago), I. Ben-David (Ohio State University and NBER), S. Chomsisengphet (Office of the Comptroller of the Currency, USA) and D. Evanoff (Federal Reserve Bank of Chicago)Discussant: Tarun Ramadorai (Imperial Business School)
18:00	Conference dinner

Saturday 27 January 2018
Time	Activity
8:30-9:00	Registration/Tea and Coffee
9:00-9:35	The role and structure of banks in the future CMU Lorenzo Bini Smaghi (Harvard University) and Michala Marcussen (Societe Generale)Discussant: Emanuel Moench (Bundesbank)
9:35-10:10	Equity markets Marina Brogi (University of Rome Sapienza)Discussant: Giovanna Nicodano (Collegio Carlo Alberto, University of Torino)
10:10-10:45	The market for crowd-funding and peer-to-peer lending Ester Faia (Goethe University Frankfurt and CEPR) and Monica Paiella (University of Naples Parthenope)Discussant: Ugo Albertazzi (European Central Bank)
10:45-11:05	Coffee Break
11:05-11:40	Equity crowdfunding: An acid test for securities regulation? Luca Enriques and John Armour (University of Oxford)Discussant: Katja Langenbucher (Goethe University Frankfurt and Science Po, Paris)
11:40-12:15	Innovation finance/start-ups: A legal perspective Anne-Catherine Muller (Sorbonne School of Law- IRJS Sorbonne-Finance)Discussant: Alain Pietrancosta (University of Paris I Panthéon-Sorbonne)
12:15-12:50	The European Union, the Euro, and equity market integration Geert Bekaert (Columbia), Campbell R. Harvey (Duke), Christian T. Lundblad (University of North Carolina), and Stephan Siegel (University of Washington)Discussant: Marco Pagano (University of Naples Federico II)
12:50-13:50	Lunch
13:50-14:25	Asset and debt participation of households: Challenges in eliminating borders Michael Haliassos (Goethe University Frankfurt and CEPR) and Alexander Michaelides (Imperial College London and CEPR)Discussant: Christina Skinner (Brooklyn Law School)
14:25-15:00	The political economy of CMU Georg Ringe (University of Hamburg) Discussant: Chris Thomale
15:00	Conference concludes