New Frontiers in Banking from Corporate Governance to Risk Management

29 March

Room AS01, via Röntgen 1
Welcome Addresses
Donato Masciandaro Director, BAFFI CAREFIN Center for Applied Research, Bocconi University
Stefano Caselli Dean for International Affairs, Bocconi University

Session I
Chair Elena Carletti Bocconi University

The Value of Regulators As Monitors. Evidence from Banking
Emilio Bisetti The Hong Kong University of Science and Technology
Discussant Filippo De Marco Bocconi University

Lending Relationships in Loan Renegotiations. Evidence from Corporate Loands
Zoi Melina Papoutsi European Central Bank
Discussant Daniel Paravisini The London School of Economics and Political Science (LSE)

Financial Inclusion, Human Capital, and Wealth Accumulation. Evidence from the Freedman's Savings Bank
Constantine Yannelis The University of Chicago Booth School of Business
Discussant Claire Celerier Rotman School of Management, Toronto


Aula Magna, via Gobbi 5
Welcome Address
Gianmario Verona Rector, Bocconi University

Keynote Speaker
Gary Gorton Frederick Frank Class of 1954 Professor of Management & Professor of Finance, Yale School of Management

Policy Round Table
Chair Stefano Caselli Dean for International Affairs, Bocconi University

Panelists
Marina Brogi Full Professor of International Banking and Capital Markets, Sapienza University of Rome Massimo Della Ragione Partner & Country Coordinator Italy, Goldman Sachs
Andrea Munari CEO and General Manager, BNL BNP Paribas Group
Fabrizio Saccomanni Chairman, UniCredit
Davide Serra Founder and CEO, Algebris
Anneli Tuominen Vice Chair, ESMA and Director General, Finanssivalvonta (FIN-FSA)

Clasroom AS01, via Röntgen 1
Session II
Chair Paolo Fulghieri UNC Kenan‐Flagler Business School

Banks Avoiding Supervision. Evidence from the Centralization of Banking Supervision
Davide Marques European Central Bank
Discussant Ester Faia Goethe University Frankfurt

Ethics and Talent in Banking
Anjan Thakor Washington University in St. Louis
Discussant Paolo Fulghieri UNC Kenan‐Flagler Business School

Traditional and Shadow Banks
Victor Lyonnet Ohio State University
Discussant David Pothier University of Vienna


Session III
Chair Anjan Thakor Washington University in St. Louis

Acquiring Failed Banks
Siddhart Vij University of Georgia
Discussant Carola Schenone University of Virginia

Financial Intemediation Through Financial Disintermediation. Evidence from the ECB Corporate Sector Purchase Program
Aytekin Ertan London Business School
Discussant Tobias Berg Frankfurt School of Finance and Management

Mortgage Brokers, Technology, and Credit Supply
Mers Stefan Lewellen Penn State University
Discussant Amir Kermani University of California, Berkeley



30 March

Room AS01, via Röntgen 1
Session IV
Chair Stefano Caselli Dean for International Affairs, Bocconi University

How Do Bank Capital Requirements Affect Loan Rates? Evidence from High-Volatility Commercial Real Estate
David Glancy Federal Reserve Board
Discussant Ralf R. Meisenzahl Federal Reserve Board

Move a Little Closer? Information Sharing and the Spatial Clustering of Bank Branches
Stefan Straetmans Maastricht University
Discussant Marco Pagano EIEF — Einaudi Institute for Economics and Finance

Loan Insurance, Adverse Selection, and Screening
Toni Ahnert Bank of Canada
Discussant Jean-Edouard Colliard HEC Paris


Session V
Chair Marina Brogi Sapienza University of Rome

Roads and Loans
Abhiroop Mukherjee Hong Kong University of Science and Technology
Discussant Rustom M. Irani University of Illinois at Urbana‐Champaign

Trust in Lending
Richard T. Thakor University of Minnesota
Discussant Nicola Limodio Bocconi University

Bank Risk-Taking and the Real Economy. Evidence from the Housing Boom and Its Aftermath
Antonio Falato Federal Reserve Board
Discussant
Efraim Benmelech Northwestern University


Final Remarks
Francesca Cornelli London Business School

Organized by
Bocconi University
BAFFI CAREFIN Center for Applied Research
Sapienza University of Rome
The Review of Financial Studies

For Information
BAFFI CAREFIN Center for Applied Research
tel +39 025836.5908