Banking

2007

 

2007 Credit Markets Symposium

Thu., March 22, 2007 - Fri., March 23, 2007

Richmond Office, Richmond, Va.

Directions

Overview

The symposium began with a market overview by two leading rating agencies on the credit derivatives and leveraged loan markets. A keynote speech by Governor Randall Kroszner discussed recent innovations and developments in the credit markets, which led into the first session about the economic impact of innovations in the credit markets. A panel of market participants discussed the effectiveness of credit risk markets in allocating risk. Another panel considered liquidity risk in the credit markets, which provided a segway into private-sector responses to potential market disruptions. The Federal Reserve Bank of New York President Timothy Geithner provided a closing keynote address including a compelling dialogue about the implications of recent credit markets innovations with FRB-Richmond President Jeffrey Lacker.

The symposium was particularly timely considering recent events in the credit markets including the explosion of the leveraged loan market, and sub-prime mortgage market events. The discussions covered financial innovations including credit derivatives, the leveraged loan market, credit swaps, collateralized debt obligations, securitizations, structured credit products and contract structure; investment and risk management including loan hedging in a fair value option framework, credit risk management, credit portfolio management, sourcing and mitigation credit risk, bank balance sheet management, investment management; market structure, liquidity risk, and potential responses to market disruptions.

 

Audience

Risk managers, portfolio managers, credit risk leaders at banks, asset managers, insurance companies, rating agencies, industry associations, management consultants, heads of supervision, academics, central bank policymakers and anyone interested in the credit transfer markets.

Media was invited to this event.

Agenda

 

Resources/Presentations

Speakers Bios

Keynote Address by Randall S. Kroszner, Federal Reserve Board of Governors: Recent Innovations in Credit Markets

Keynote Address by Timothy F. Geithner, Federal Reserve Bank of New York: Credit Markets Innovations and Their Implications

Presentation by Roger W. Merritt, Fitch Ratings: Credit Derivatives Market Overview & Update

Presentation by Steven Miller, Standard & Poor's: Leveraged Loan Market Overview

Presentation by Mark Carey, Federal Reserve Board: Economic Impact of Innovations in (Corporate) Credit Markets

Presentation by Richard Claiden, Primus Guaranty: Developments in the Credit Swap Market

Presentation by Beverly Hirtle, Federal Reserve Bank of New York: Innovations in Credit Markets - The Impact on Credit Supply

Presentation by Michel Crouhy, NATIXIS: Credit Risk Transfer and Credit Risk Management

Presentation by Stephan Dellosso, Bank of America: Loan Hedging within a Fair Value Option Framework

Presentation by Don Truslow, Wachovia: Effectiveness of Credit Risk Markets in Allocating Risk

Presentation by David K. A. Mordecai, Risk Economics: Liquidity Risk in the $27 Trillion Credit Derivatives Market

 

Registration

Deadline: March 22, 2007

Registration has closed. Thank you for your interest.

Contact Us

Charlotte

Credit Markets Symposium
(704) 358-2525