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Monday 10th September 2018

8:30 – 9:00 Registration
9:00 – 9:10 Opening Remarks
9:10 – 10:55 Session 1: Fintech and financial markets
Chair Barbara CASU (Cass Business School)
  The Law of One Bitcoin Price?

Alexander KROEGER (Federal Reserve Bank of New York) and Asani SARKAR (Federal Reserve Bank of New York)

Discussant Ian MARSH (Cass Business School)
  The economics of distributed ledger technology for securities settlement

Evangelos Benos (Bank of England), Rodney Garratt (University of California Santa Barbara), Pedro Gurrola-Perez (Bank of England)

Discussant Michael KING (Ivey Business School)
  Can Technology Undermine Macroprudential Regulation? Evidence from Peer-to-Peer Credit in China

Fabio BRAGGION (Tilburg University, CentER), Alberto MANCONI (Bocconi University), Haikun ZHU (Tilburg University, CentER)

Discussant Rhiannon SOWERBUTTS (Bank of England)
10:55 – 11:15 Coffee break
11:15 – 13:00 Session 2: Fintech and retail banking

THORSTEN BECK (CASS Business School) 

  Fund What You Trust? Social Capital and Moral Hazard in Crowdfunding

Tse-Chun LIN (The University of Hong Kong) and Vesa PURSIAINEN (The University of Hong Kong)

Discussant Louis NGUYEN (King’s College London)
  How Do Bank Customers Go Digital? A Random Forest Approach

Santiago CARBÓ-VALVERDE (CUNEF, Bangor University and Funca), Pedro J. CUADROS SOLAS (CUNEF and Funcas) and Francisco RODRIGUEZ-FERNANDEZ (University of Granada and Funcas)

Discussant Paola BONGINI (Università di Milano-Bicocca)
  How Do Banks Interact with Fintechs? Forms of Strategic Alliance and Their Economic Impact

Milan F. KLUS (University of Münster), Todor S. LOHWASSER (University of Münster), Lars HORNUF (University of Bremen) and Armin SCHWIENBACHER (SKEMA Business School – Université Côte d’Azur)

Discussant Paul SCHURE (University of Victoria)
13:00 – 14:00 Lunch
14:00 – 15:15 Session 3: Keynote Address


Fintech and Financial Stability

Franklin ALLEN, Professor of Finance and Economics and Executive Director of the Brevan Howard Centre at Imperial College London

15:15 – 15:45 Coffee break
15:45 – 17:30 Session 4: Financial inclusion and the real economy
Chair Paul SCHURE (University of Victoria)
  The Real Effects of Bank Taxation

Dimitris K. CHRONOPOULOS (University of   St Andrews), Anna L. SOBIECH (University of St   Andrews) and John O.S. WILSON (University   of St Andrews)

Discussant Willem Pieter DE GROEN (Centre for European Policy Studies and Euro-Med Economists Association)
  Access to Credit and Labour Market Outcomes – Evidence from Credit Lotteries

Bernardus VAN DOORNIK (Banco Central do Brasil), Armando GOMES (Washington University in St. Louis), David SCHOENHERR (Princeton University), Janis SKRASTINS (Washington University in St. Louis)

Discussant Jagdish TRIPATHY (Bank of England)
  What explains differences in financial inclusion? A cross-country analysis

Mais SHA’BAN (Essex Business School), Claudia GIRARDONE (Essex Business School) and Anna SARKISYAN (Essex Business School)

Discussant Maxwell TUULI (University of Victoria)
18:30 – 22:00 Evening Program at the Museum of London

Tuesday 11th September 2018

9:00 – 10:45 Session 5:Bank Liquidity
Chair Francesc RODRIGUEZ-TOUS (Cass Business School)
  Loan Insurance, Adverse Selection and Screening

Toni AHNERT (Bank of Canada) and Martin KUNCL (Bank of Canada)

Discussant Tamas VADASZ (KU Leuven)
  Liquidity Management in Banking: the Role of Leverage
Fabiana GOMEZ (Bristol University) and Quynh-Anh VO (Bank of England)
Discussant Toni AHNERT (Bank of Canada)
  Bank Information Sharing and Liquidity Risk

Fabio CASTIGLIONESI (EBC; CentER; Tilburg University), Zhao LI (University of International Business and Economics) and Kebin MA (Warwick Business School)

Discussant Francesc RODRIGUEZ-TOUS (Cass Business School)
10:45 – 11:15 Coffee Break
11:15- 13:00 Session 6: Bank Regulation
Chair Angela GALLO (Cass Business School)
  The Impact of The Leverage Ratio on Client Clearing

Jonathan ACOSTA-SMITH (Bank of England), Gerardo Ferrara (Bank of England), Francesc RODRIGUEZ-TOUS (Cass Business School)

Discussant Alberto POZZOLO (Università degli Studi del Molise)
  On the relationship between regulatory liquidity and bank lending in the euro area

Laura CHIARAMONTE (Università Cattolica, Milan) and Barbara CASU (Cass Business School

Discussant Emrah ARBAK (European Commission)
  Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?

Jannic Alexander CUTURA (Goethe University of Frankfurt)

Discussant John O.S. WILSON (University of   St Andrews)
13:00 – 14:00 Lunch
14:00 – 15:10 Session 7: Business models and bank risks
Chair Giovanni FERRI (LUMSA University, Rome)
  Bank Business Models’ Migrations: what works for European Banks?

Rym AYADI (Cass Business School), Paola BONGINI (Università di Milano-Bicocca), Barbara CASU (Cass Business School), Doriana CUCINELLI (Università di Milano-Bicocca)

Discussant Marina CERNOV (European Banking Authority)
  Shock diffusion in large regular networks: the role of transitive cycles

N. NAVARRO (Université de Bordeaux) and H. Dan TRAN (Université de Bordeaux)

Discussant Barry QUINN (Queen’s University)
15.10 – 15.30 Coffee Break
15:30 – 17:00 Session 7: Public Panel Discussion


Financial stability implications of fintech and financial innovations and regulatory challenges in diverse financial systems?”

Rym AYADI (Cass Business School)

Panelists Jason ALLEN, Humboldt-Universität zu Berlin Centre for British Studies, University of New South Wales Centre for Law Markets and Regulation

Adrian BLUNDELL-WIGNALL, Adjunct Professor at the University of Sydney (School of Economics)

Cordelia KAFETZ, Head of Fintech Hub at Bank of England

Michael KING, Co-Director of the Scotiabank Digital Banking Lab, Ivey Business School

Slavka ELEY, Head of Banking Markets, Innovation and Products Unit, European Banking Authority (EBA)

Ruth WANDHÖFER, Managing Director / Global Head of Regulatory & Market Strategy

17:00 – 17:30 Closing Speech
Speaker Adrian BLUNDELL-WIGNALL, Special Advisor to the OECD Secretary-General on Financial and Enterprise Affairs
17:30 Closing Remarks
17:30 – 18:30 Drink Reception