Stress Testing and Macro-prudential Regulation: A Trans-Atlantic Assessment

Event

Summary
Date: 
October 29th 2015 to October 30th 2015

Time: 1pm 29th October - 5:45pm 30th October
Venue: LSE
Organisers: Ron Anderson (SRC, FMG, LSE and CEPR), Charles Goodhart (SRC, FMG, LSE), Philipp Hartmann (ECB and CEPR), Malcolm Knight (SRC, LSE and CIGI), Andreas Lehnert (Board of Governors, Federal Reserve System)Miguel Segoviano (IMF)

Organised over two days, this conference studied the development of stress testing as a tool for macro-prudential supervision and regulation. 

Day 1 was devoted to an assessment of the experience with stress testing of large banks since 2009 and consisted of presentations and panel discussions involving academics, policy makers, senior policy economists involved in stress test design, and banking sector specialists.  Day 2 was a workshop for the presentation and discussion of recent research on stress testing and related aspects of prudential regulation. 

"Useful Bibliography" for Expert Roundtable can be found here.

The final programme, presentation slides, and other materials can be found in “Full Report".
 

The event is co-sponsored by

    

Full Report
VIDEOS
 
The role of stress testing in supervision and macroprudential policy - Interview with Vítor Constâncio, Vice-President of the European Central Bank
 

The role of stress testing in supervision and macroprudential policy

 
Evaluating the experience of supervisory stress testing of large banks since the crisis - Interview with Andreas Lehnert, Deputy Director, Office of Financial Stability Policy and Research, Board of Governors of the Federal Reserve System
 

Evaluating the experience of supervisory stress testing of large banks since the crisis

 
Stress Testing and Systemic Stability - Interview with Til Schuermann, Partner, Oliver Wyman
 

Stress Testing and Systemic Stability

 

PHOTO ALBUM


PROGRAMME

Day 1 (29th October 2015)
Session 1
“Evaluating the Experience of Supervisory Stress Testing of Large Banks Since the Crisis”
Presentations by Viral Acharya (New York University and CEPR), Charles Goodhart (SRC, Financial Markets Group, LSE and CEPR),  Andreas Lehnert (Board of Governors of the Federal Reserve System), and Alex Brazier (Bank of England)
Keynote Address
Vítor Constâncio (Vice-President, European Central Bank) 
Session 2
“Stress Testing and Systemic Stability”
Presentations by Udaibir Das (International Monetary Fund), Til Schuermann (Oliver Wyman), and Hyun-Song Shin (Bank of International Settlements and CEPR)

 

Day 2 (30th October 2015)
Alex Brazier (Bank of England)
Discussion: Thomas Huertas (Ernst & Young) and Philipp Hartmann (European Central Bank and CEPR)
Deniz Igan (International Monetary Fund)
Discussion: Alex Michaelides (Imperial College)
“The Bank-Sovereign Nexus Across Borders”
Bernd Schwaab (European Central Bank)
Discussion: Sascha Steffen (European School of Management and Technology)
Giuseppe Montesi (University of Siena) and Giovanni Papiro (University of Siena)
Discussion: Jon Danielsson (SRC LSE)
Matthew Pritsker (Federal Reserve Bank of Boston)
Discussion: Christian Julliard (SRC LSE)
Kartik Anand (Deutsche Bundesbank)
Discussion: Pierre Chaigneau (HEC Montréal)
Julien Idier (Banque de France)
Discussion: Aytek Malkhozov (BIS)