3rd Conference on Banking Development, Stability, and Sustainability

Superintendency of Banks and Financial Institutions, Chile (SBIF)
Association of Supervisors of Banks of the Americas (ASBA)
Facultad de Ciencias Económicas y Administrativas de la Pontificia Universidad Católica de Chile

Topics

The Conference provides an instance to discuss a wide range of topics in the area of banking stability, and sustainability; covering topics such as the impact of the implementation of the new Basel capital and liquidity frameworks, new banking resolution mechanisms, the use of stress testing in managing risks, the challenges of new technological development, cyber-security, banking supervision, financial inclusion, and environmentally-conscious banking.

Conferences Chairs

Dr. Nancy Silva, Research Director, SBIF

Rudy Araujo, Association of Supervisors of Banks of the Americas (ASBA).

Dr. Claudia Martínez A., Instituto de Economía, Pontificia Universidad Católica de Chile.

Schedule

Venue: MBA-UC Building, 440 Libertador Bernardo O’Higgins Ave., Universidad Católica Metro station; Parking: Lira 21 (map)

Save the date: 3 November 2017

Hour	Activities
8:00-8:30	Registration & Coffee. (requires registration, FULL)
8:30-8:45	Opening: Dr. Ignacio Sanchez Díaz, President of Pontificia Universidad Católica de Chile.
8:45 -9:00	Welcome Remarks: Eric Parrado, Superintendent of Banks and Financial Institutions of Chile.
9:00-9:30	Keynote speech: Mario Marcel, President of the Central Bank of Chile.
9:30-11:00	Panel Discussion - “Financial literacy and Financial Inclusion” Moderator: Claudia Martínez, Associate Professor and Researcher at J-PAL LAC, Instituto de Economía of Pontificia Universidad Católica de Chile. Panelists: Andrea Betancor, Executive Secretary of the Financial Inclusion Commission and the Director of Gender Affairs of the Chilean Ministry of Finance Shaun Mundy, Consultant Financial Literacy, United Kingdom; Xavier Gine, Lead Economist, Development Research Group, World Bank; Hilary A. Nichols, Manager, Peer Learning and Knowledge, Global Banking Alliance for Women, USA;
11:00-11:30	Coffee break + posters.
11:30-13:00	Panel Discussion – “Financial innovation, big data and operational risks”. Moderator: Juan Pedro Cantera, Superintendente de Servicios Financieros de Uruguay. Panelists: Álvaro Martín, Leading Economist on Digital Regulation, BBVA Research, Spain; Alan Elizondo, Director General de Asuntos del Sistema Financiero, Banco de México; Carlos Arena, Director of Business Development, R3 Bernardita Piedrabuena, Advisor, Ministry of Economy, Chile
13:00-14:15	Lunch (requires registration, FULL)
14:20-16:00	Paper Discussions:
Session Subject Paper 1 Paper 2 Session 1 CREDIT AND BOND FINANCING Chair: Rudy Araujo, ASBA Leveraging PD Models for Bayesian Inference of Default Correlations. Miguel Biron & Victor Medina – SBIF. Discussant: Andrés Sagner, Banco Central. The effects of quantitative easing on corporate investment, employment, and financing: theory and evidence from the bond lending channel. Erasmo Giambona, Rafael Matta, José-Luis Peydró- Syracuse University, University of Amsterdam, Universitat Pompeu Fabra. Discussant: Orlando Balboa, Universidad de Santiago de Chile. Session 2 MARKET DISTORTIONS Chair: Kevin Cowan, Chilean Ministry of Finance Credit and Saving Constraints in General Equilibrium: Evidence from Survey Data Catalina Granda; Franz Hamann; Cesar E. Tamayo– Universidad de Antioquia, Banco de la República Colombia, Inter-American Development Bank Discussant: Alejandra Marinovic, Universidad Adolfo Ibáñez. Equilibrium Effects of Asymmetric Information: Evidence from a Natural Experiment in Consumer Credit Andres Liberman, Christopher Neilson, Luis Opazo, Seth Zimmerman, University of Chicago, NYU, ABIF Discussant: Miguel Ricaurte, ItaúCorpbanca. Session 3 INTEREST RATE CEILING (TMC) Chair: Rosario Celedón, Chilean Central Bank The impact of interest rate ceilings on households’ credit access: evidence from a 2013 Chilean legislation. Carlos Madeira – Chilean Central Bank. Discussant: Sergio Lehmann, Banco de Crédito Inversiones. Equilibrium Effects of Price Regulation in Credit Markets. Jose Ignacio Cuesta & Alberto Sepulveda; University of Chicago & SBIF. Discussant: Carmen Gloria Silva, Asociación de Bancos e Instituciones Financieras. Session 4 BANKING STRUCTURE Chair: Pablo Garcia, Chilean Central Bank On the Welfare Cost of Bank Concentration. Sofia Bauducco; Alexandre Janiak; Central Bank of Chile, Universidad Católica. Discussant: Mario Vera, SBIF. Private and Government Banks: A DSGE Approach. Alexis Montecinos Bravo; MIT Sloan School of Management. Discussant: Claudio Soto, Banco Santander Chile.
16:00-16:20	Coffee break
16:20-18:00	Paper Discussions:
Session Subject Paper 1 Paper 2 Session 5 MORTGAGE MARKETS Chair: Patricio Jaramillo, SBIF Banks, Nonbank Mortgage Companies and Systemic Risk David Rappoport & Robert Sarama, Federal Reserve Board. Discussant: Consuelo Silva, Universidad de los Andes. Housing and Entrepreneurship under Heterogeneous Costs of Default Felipe Cordova; Chilean Central Bank. Discussant: Christian Echeverria, Universidad del Desarrollo. Session 6 BANKING CRISIS & FINANCIAL STABILITY Chair: Luis Figueroa, SBIF Financial stability under Balance of Payment Dominance: Evidence from Latin American banks, 2003-2014 Daniel Lacouture y Jonathan Malagón, ASOBANCARIA. Discussant: Alfredo Pistelli, SBIF. On Deposit Stability in Failing Banks Christopher Martin, Manju Puri, and Alexander Ufier- Federal Deposit Insurance Corporation, Duke University. Discussant: Carlos Noton, Universidad de Chile. Session 7 FINANCIAL INCLUSION I Chair: Carolina del Río, SBIF Competitive Environment and Financial Stability in the Peruvian Microfinance System Katia Huayta; Antonella Garcia; Narda Sotomayor – Superintendencia de Banca, Seguros y AFP; Perú. Discussant: Francisco Ormazábal, SBIF. Savings Incentives Abhijit Banerjee, Claudia Martinez; Esteban Puentes– MIT, Universidad Católica de Chile, Universidad de Chile. Discussant: Eduardo Fajnzylber, Universidad Adolfo Ibáñez. Session 8 FINANCIAL INCLUSION II Chair: Xavier Gine, Banco Mundial Stylized Facts About Financial Literacy of University Students in UdeC Chillán Erik Berwart – SBIF. Discussant: Cesar Tamayo, Inter-American Development Bank. Correspondent Banking and Financial Inclusion. Mauricio Carabarín, Adrián de la Garza, Juan Pedro González, Antonio Pompa– Banco de México. Discussant: Fernando Díaz, Universidad Diego Portales.
18:30	Dinner (by invitation only)

Documents and presentations available

Here you can get the documents authorized by the owners for download:

Name	Author(s)	Link
Keynote Speech: Inclusión financiera, innovación tecnológica y estabilidad macroeconómica	Mario Marcel, Presidente del Banco Central de Chile	Download (PDF)
Panel “Financial innovation, big data and operational risks”: Balance entre innovación y regulación de las Instituciones de Tecnología	Alan Elizondo, Director General de Asuntos del Sistema Financiero, Banco de México	Download (PDF)
Panel “Financial innovation, big data and operational risks”: Financial innovation, big data and operational risks	Álvaro Martín, Economista Líder de Regulación Digital, BBVA Research, España	Download (PDF)
Panel “Financial innovation, big data and operational risks”: Financial Innovation, Big Data and Operational Risks	Bernardita Piedrabuena, Asesora, Ministerio de Economía, Chile	Download (PDF)
Panel “Financial innovation, big data and operational risks”: Quick Introduction to Blockchain and Distributed Ledger Technology	Carlos Arena, Director de Desarrollo de Negocios, R3	Download (PDF)
Panel “Financial literacy and Financial Inclusion”: Financial literacy and consumer protection	Xavier Giné, Lead Economist, Development Research Group, World Bank	Download (PDF)
Panel “Financial literacy and Financial Inclusion”: Financial literacy and Financial Inclusion	Andrea Betancor, Secretaria Ejecutiva de la Comisión de Inclusión Financiera y Coordinadora de Género, Ministerio de Hacienda de Chile	Download (PDF)
Panel “Financial literacy and Financial Inclusion”: Global Banking Alliance for Women: Building Women's Wealth Worldwide	Hilary A. Nichols, Manager, Peer Learning and Knowledge, Global Banking Alliance for Women, USA	Download (PDF)
Panel “Financial literacy and Financial Inclusion”: Strengthening Financial Literacy	Shaun Mundy, Consultant Financial Literacy (United Kingdom)	Download (PDF)
Sesión "Banking Crisis & Financial Stability": Financial stability under Balance of Payment Dominance: Evidence from Latin American banks, 2003-2014	Daniel Lacouture y Jonathan Malagón, Colombian Banking Association - ASOBANCARIA	Download (PDF)
Sesión "Banking Crisis & Financial Stability": On Deposit Stability in Failing Banks	Christopher Martin, Manju Puri y Alexander Ufier (Federal Deposit Insurance Corporation, Duke University)	Download (PDF)
Sesión "Banking Structure": On the welfare cost of bank concentration	Sofia Bauducco y Alexandre Janiak (Central Bank of Chile, Universidad Católica)	Download (PDF)
Sesión "Banking Structure": Private and Government Banks: A DSGE Approach	Alexis Montecinos Bravo, MIT Sloan School of Management	Download (PDF)
Sesión "Credit and Bond Financing": Leveraging Probability of Default Models for Bayesian Inference of Default Correlations	Miguel Biron y Víctor Medina de SBIF, Chile	Download (PDF)
Sesión "Credit and Bond Financing": The effects of quantitative easing on corporate investment, employment, and financing: theory and evidence from the bond lending channel	Erasmo Giambona, Rafael Matta y José-Luis Peydró (Syracuse University, University of Amsterdam, Universitat Pompeu Fabra)	Download (PDF)
Sesión "Financial Inclusion I": Competitive Environment and Financial Stability in the Peruvian Microfinance System	Katia Huayta; Antonella Garcia; Narda Sotomayor – Superintendencia de Banca, Seguros y AFP de Perú	Download (PDF)
Sesión "Financial Inclusion II": Correspondent Banking and Financial Inclusion	Mauricio Carabarín, Adrián de la Garza, Juan Pedro González, Antonio Pompa– Banco de México	Download (PDF)
Sesión "Financial Inclusion II": Stylized facts on financial capabilities of university students: Evidence of survey at UdeC Chillan Campus	Erik Berwart y Andrés C. Medina (SBIF, Chile y Universidad de Santiago de Chile)	Download (PDF)
Sesión "Interest rate ceilings": The impact of interest rate ceilings on households’ credit access: evidence from a 2013 Chilean legislation	Carlos Madeira – Chilean Central Bank	Download (PDF)
Sesión "Market Distortions": Credit and Saving Constraints in General Equilibrium: Evidence from Survey Data	Catalina Granda; Franz Hamann; Cesar E. Tamayo (Universidad de Antioquia, Banco de la República Colombia, Inter-American Development Bank)	Download (PDF)
Sesión "Mortgage Markets": Banks, Nonbank Mortgage Companies and Systemic Risk	David Rappoport y Robert Sarama, Federal Reserve Board	Download (PDF)
Sesión "Mortgage Markets": Housing and Entrepreneurship under Heterogeneous Costs of Default	Felipe Cordova, Chilean Central Bank	Download (PDF)

Previous Conferences

Please feel free to browse the websites of our previous versions of the Banking Development, Stability and Sustainability Conference:

- 1st Conference - 2015

- 2nd Conference - 2016