Banking Crisis Resolution - Theory and Policy

Norges Bank Conference on

08:00 - 08:45	Registration and coffee
09:00 - 09:15	Welcoming remarks Svein Gjedrem, Governor, Norges Bank
09:15 - 10:45	Session 1: Banking crisis resolution in perspective
	A Norwegian perspective on banking crisis resolution Kristin Gulbrandsen, Norges Bank
	A Japanese perspective on banking crisis resolution (PPT, 286 kB) Hiroshi Nakaso, Bank of Japan
10:45 - 11:15	Break
11:15 - 12:30	Session 2: Cross country experience with banking crisis resolution
	Stylized facts of banking crisis resolution (PPT, 211 kB) Patrick Honohan, World Bank
	Managing systemic banking crises (PPT, 797 kB) Luis Cortavarria, IMF
12:30 - 14:00	Lunch
14:00 - 17:00	Session 3: The role of central banks in banking crisis resolution
	LLR policies - which role for the central bank in crisis resolution? (PPT, 199 kB) Jean-Charles Rochet, Université Sciences Sociales, Toulouse
15:00 - 15:30	Break
	How much financial strength information do central banks need? (PPT, 195 kB) Claudio Borio, BIS
	LLR - with or without collateral? (PPT, 41 kB) David Longworth, Bank of Canada
	Any role for central bank LLR without taxpayer's money involved? (PPT, 38 kB) Charles Goodhart, LSE
18:00	Sightseeing (by bus); depart from hotel
19:45	Dinner hosted by Governor Svein Gjedrem, Holmenkollen Park Hotel

08:00 - 08:45	Registration and coffee
09:00 - 10:30	Session 4: Banking crisis resolution - lessons learnt (PPT, 64 kB) Franklin Allen, Wharton Business School
10:30 - 11:00	Break
11:00 - 12:30	Session 5: Blanket guarantees - a necessary resolution tool?
	The IMF view (PPT, 73 kB) Stefan Ingves, IMF
	Alternatives to blanket guarantees (PPT, 1 398 kB) Edward Kane, Boston College
12:30 - 13:45	Lunch
13:45 - 14:45	Session 6: Alternatives to closing and liquidating failed banks
	Government ownership of banks - the Norwegian experience Jarle Bergo, Norges Bank
	Bridge banks - the US experience (PPT, 319 kB) Jack Reidhill, FDIC
14:45 - 15:00	Break
15:00 - 17:00	Session 7: Large banks in small countries - challenges for crisis resolution
	A central bank perspective on large banks and crisis resolution (PPT, 137 kB) Peter Praet, The National Bank of Belgium
	Crisis resolution of large banks in small countries (PPT, 74 kB) David Mayes, Bank of Finland
	Crisis resolution and foreign owned banks (PPT, 96 kB) Robert A. Eisenbeis, Federal Reserve Bank of Atlanta and George G. Kaufman, Loyola University of Chicago
17:00	Closing remarks Svein Gjedrem, Governor, Norges Bank