The second symposium will focus on proposals that seek to address the TBTF problem in two ways:
Panel 1: Taxing Leverage in the Financial System
John H. Cochrane is a senior fellow at the Hoover Institution at Stanford University. Cochrane is also a distinguished senior fellow at the University of Chicago Booth School of Business and at the Becker-Friedman Institute. He authored a paper titled “Lessons from the Financial Crisis.” Other publications include the book Asset Pricing, op-eds for the Wall Street Journal and a blog called “The Grumpy Economist.”
Confirmed discussants for this panel include:
- Michael Hasenstab, Executive Vice President & Chief Investment Officer at Templeton Global Macro
- Donald Marron, Institute Fellow and Director of Economic Policy Initiatives at the Urban Institute
- Thomas Philippon, Professor of Finance at the NYU Stern School of Business
Panel 2: Enhancements/Alternatives to DFA Resolution
John Bovenzi co-chairs the Bipartisan Policy Center’s Failure Resolution Task Force. He joined Oliver Wyman’s Financial Services Practice in 2009 and is a partner in the public policy area. His work includes addressing corporate governance issues, failure-resolution planning, regulatory compliance and bank funding issues. Bovenzi is co-author of a report titled “Too Big to Fail: The Path to a Solution.”
Confirmed discussants for this panel include:
- Ben S. Bernanke, Distinguished Fellow in Residence, Economic Studies, Brookings Institution and Chairman of the Board of Governors of the Federal Reserve System from February 2006 to January 2014. Bernanke also served as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body.
- J. Christopher Flowers, Managing Director and CEO of J.C. Flowers & Co.
- Richard J. Herring, Jacob Safra Professor of International Banking and Professor of Finance, Wharton School, University of Pennsylvania
A complete agenda with additional speakers will be available soon. Members of the media, please email Alyssa Augustine at alyssa.augustine@mpls.frb.org if you would like to attend.
The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.