Thursday, May 15
8 - 8:25 a.m., Registration and Light Breakfast
8:25 - 8:30 a.m., Welcome
8:30 - 10 a.m., Panel One: The Failure and Rescue of Continental Illinois 30 Years Ago: Difficult Policy Decisions and Economic Consequences
Panel of participants who were directly involved in the failure, rescue, and restructuring.
Randall S. Kroszner (moderator), Norman R. Bobins Professor of Economics, The University of Chicago Booth School of Business
Michael Bradfield, General Counsel of the Volcker Alliance
Former General Counsel for the US Federal Reserve
Oliver Ireland, Partner, Morrison & Foerster LLP
Former Vice President and Associate General Counsel of the Federal Reserve Bank of Chicago
Jack Murphy, Chief Executive Officer, Promontory Regulatory Analytics, LLC and Managing Director, Promontory Financial Group, LLC
Former FDIC Ceneral Counsel and a former partner of Cleary Gottlieb Steen & Hamilton LLP
Donald Toumey, Partner, Sullivan & Cromwell LLP
Former Special Assistant to the General Counsel of the US Department of the Treasury
10 - 10:30 a.m., Break
10:30 a.m. - Noon, Panel Two: Regulatory and Market Responses to “Too Big to Fail” and Moral Following the Failure of Continental Illinois
Panel of academics and regulators who have analyzed or were involved with FDICIA’s “prompt corrective action” as well as Dodd-Frank and more recent regulatory actions to deal with TBTF.
Sam Peltzman (moderator), Ralph and Dorothy Keller Distinguished Service Professor Emeritus of Economics, The University of Chicago Booth School of Business
Deniz Anginer, Assistant Professor of Finance, Pamplin College of Business, Virginia Tech
George Kaufman, John F. Smith Professor of Finance and Economics, Quinlan School of Business, Loyola University Chicago
Bryan Kelly, Assistant Professor of Finance, The University of Chicago Booth School of Business
Philip Strahan, Professor and John l. Collins, S.J. Chair in Finance, Carroll School of Management, Boston College
Noon - 2:45 p.m., Lunch and Keynotes: The Legacy of Continental Illinois for “Too Big to Fail”
12:15 - 1 p.m., Keynote One: Jerry Corrigan, Managing Director, Goldman Sachs & Co.
Former President and Chief Executive Officer of the Federal Reserve Banks of Minneapolis and New York
1:45 - 2:30 p.m., Keynote Two: Gary Stern, Former President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis and co-author of Too Big to Fail: The Hazards of Bank Bail Outs
2:45 - 3 p.m., Break
3 - 4:30 p.m., Panel Three: The Current State of “Too Big to Fail:” What Are the Most Effective Policy Responses?
Panel of policy makers, business leaders, and academics assessing policy reforms and policy proposals to deal with TBTF.
Douglas Diamond (moderator), Merton H. Miller Distinguished Service Professor of Finance, The University of Chicago Booth School of Business
John Cochrane, AQR Capital Management Distinguished Service Professor of Finance, The University of Chicago Booth School of Business
John Dugan, Partner at Covington & Burling LLP
Former Comptroller of the Currency (2005-10)
Roberta Romano, Sterling Professor of Law and Director, Yale Law School Center for the Study of Corporate Law
Paul Saltzman, President, The Clearing House Association
Executive Vice President and General Counsel of The Clearing House Payments Company
4:30 - 5 p.m., Closing Reception