# Workshop on Bank Capital **Workshop on Bank Capital** A workshop jointly sponsored by the Federal Reserve Bank of New York and NYU Stern School of Business Organizers: Matthew Richardson, NYU Stern Hamid Mehran, FRBNY Viral Acharya, NYU Stern Date: Friday, November 1, 2013 Location: NYU Stern School of Business Kaufman Management Center 44 West 4th Street New York, NY 10012 Attendance by invitation only. For more information, contact Salomon Center () 8:00 Registration and Continental Breakfast 8:25 Welcome Remarks Session I: New Theoretical and Empirical Perspectives 8:30 ["Banks as Secret Keepers"](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_044677.pdf) Tri Vi Dang, Columbia University Gary Gorton, Yale University Bengt Holmstrom, MIT Guillermo Ordonez, University of Pennsylvania 9:10 [ "Deposits and Bank Capital Structure"](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_044679.pdf) Franklin Allen, University of Pennsylvania Elena Carletti, Bocconi University 9:50 Refreshment Break 10:15 ["High Bank Leverage, Risk Management, and Liquid-Claim Production"](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_044675.pdf) Harry DeAngelo, University of Southern California Rene Stulz, Ohio State University 10:55 [ "Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly"](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_044678.pdf) Malcolm Baker, Harvard University Jeffrey Wurgler, NYU Stern Session II: Systemic Risk and Bank Capital 11:35 [ "Caught between Scylla and Charybdis? Regulating bank leverage when there is rent-seeking and risk-shifting"](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_044676.pdf) Viral Acharya, NYU Stern Hamid Mehran, FRBNY Anjan Thakor, Washington University at St. Louis 12:15 Lunch Keynote speaker: Robert Engle, NYU Stern "Bank Capital and Systemic Risk Measurement" Session III: Understanding and Assessing Regulatory Stress Tests 2:00 "Overview of the CCAR and Supervisory Stress Testing" Beverly Hirtle, FRBNY 2:40 [ "Testing Macroprudential Stress Tests: The risk of regulatory risk weights"](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_044682.pdf) Viral Acharya, NYU Stern Robert Engle, NYU Stern Diane Pierret, NYU Stern 3:20 Refreshment Break Session IV: Practitioners' View on Bank Capital 3:45 Moderator: Mark Flannery, University of Florida Panelists: Rodgin Cohen, Sullivan & Cromwell Wilson Ervin, Credit-suisse Brian Peters, AIG Bernard De Longevialle, Standard & Poor's Douglas Simons, Credit-suisse Til Schuermann, Oliver Wyman 5:30 Cocktail Reception