HEC Paris – Natixis Chair “Business Analytics for Future Banking” Banking in the Age of Challenges Conference

HEC Paris – Natixis Chair “Business Analytics for Future Banking”
Banking in the Age of Challenges Conference
December 13-14, 2022 – Classroom X013 in the X-building, HEC Paris Campus, Jouy-en-Josas
 
(25 mins. presentation, 15 mins. discussant presentation, 5 mins. open-floor discussion)
 
Tuesday December 13, 2022
8:30–9:00 Welcome coffee
 
9:00–10:35 Opening Remarks & Session 1: Bank Lending to Entrepreneurs and Small Businesses
 
“The role of FinTech in small business lending”, by Paul Beaumont (Desautels Faculty of Management, McGill
University), Huan Tang (London School of Economics & CEPR), and Eric Vansteenberghe (Paris School of
Economics - EHESS and Banque de France).
 
Discussant: Laurent Bach (ESSEC Business School) "Discussion of The Role of FinTech in Small Business Lending by P. Beaumont, H. Tang & E.Vansteenberghe"

“Bank competition and entrepreneurial gaps: evidence from bank deregulation”, by Xiang Li (Carroll School of
Management, Boston College).

Discussant: Sebastian Doerr (Bank for International Settlements) "Bank competition and entrepreneurial gaps"

10:35–11:00 Coffee break
 
11:00–12:30 Session 2: Open Banking and BigTech Challenges
 
“Open banking under maturity transformation”, by Itay Goldstein (Wharton School of Business, University of
Pennsylvania), Chong Huang (Paul Merage School of Business, University of California, Irvine), and Liyan
Yang (Rotman School of Management, University of Toronto).

Discussant: Robin Döttling (Rotterdam School of Management, Erasmus University Rotterdam) "Goldstein, Huang and Yang: Open Banking Under Maturity Transformation"

“Borrowing from a BigTech platform”, by Jian Li (Columbia Business School, Columbia University) and Stefano Pegoraro (Mendoza College of Business, University of Notre Dame).

Discussant: Matthieu Bouvard (Toulouse School of Economics) "Borrowing from a Bigtech Platform by J. Li and S. Pegoraro"
 
12:45–14:15 Lunch break
 
14:30–16:00 Session 3: Climate Change and Banks and Financial Regulation               
 
“The financial transmission of a climatic shock: El Niño and US banks”, by Filippo De Marco (Bocconi University & CEPR) and Nicola Limodio (Bocconi University & CEPR) Video Link
 
Discussant: Simon Rother (Copenhagen Business School) "The Financial Transmission of a Climate Shock: El Ni ̃no and US Banks Authors: Filippo De Marco and Nicola Limodio" Video Link

“Too levered for Pigou: a model of environmental and financial regulation”, by Robin Döttling (Erasmus University, Rotterdam) and Magdalena Rola-Janicka (Tilburg University). Video Link

Discussant: Lin Shen (INSEAD) "Discussion of “Too Levered for Pigou: A Model of Environmental and Financial Regulation” by Robin D ̈ottling and Magdalena Rola-Janicka"  Video Link
 
16:00–16:30 Coffee break
 
16:30–18:00 Session 4: Data Privacy and FinTech-Bank Duality
 
“Fintech disruption, banks, and credit (dis-)intermediation: when do foes become friends?”, by Yasser Boualam (Kenan-Flagler Business School, University of North Carolina-Chapel Hill) and Paul Yoo (Kenan-Flagler
Business School, University of North Carolina-Chapel Hill).

Discussant: David Martinez Miera (Universidad Carlos III de Madrid) "Discussion of Fintech Disruption, Banks, and Credit (Dis-)Intermediation: When Do Foes Become Friends?"

“Technology and privacy in credit markets”, by Sebastian Doerr (Bank for International Settlements), Leonardo
Gambacorta (Bank for International Settlements), and Marina Sanchez del Villar (European University
Institute, Florence)

Discussant: Sergio Vicente (Luxembourg University) "Discussion of "Technology and privacy regulation in credit markets"
 
19:00 – 21:30 Dinner for speakers and invited HEC Paris faculty at Le Château (lower campus of HEC Paris)
 
Wednesday December 14, 2022

8:30–9:00 Welcome coffee

9:00-10:30 Session 5: Banks’ Reaction to Regulation
 
“Strategically staying small: regulatory avoidance and the CRA”, by Jacelly Cespedes (Carlson School of
Management, University of Minnesota), Jordan Nickerson (Foster School of Business, University of
Washington), and Carlos Parra (Pontificia Universidad Católica de Chile)

Discussant: Tim Eisert (Erasmus School of Economics, Erasmus University Rotterdam) "Strategically Staying Small: The Consequences of Regulatory Avoidance" Video Link

“The shadow disintermediation of risk-sensitive capital”, by Irem Erten (Warwick Business School, University of
Warwick) Video Link

Discussant: Larissa Schäffer (Frankfurt School of Finance and Management) "The shadow disintermediation of risk-sensitive capital - Irem Erten, Discussion by Larissa Schäfer" Video Link
 
10:30–11:00 Coffee break
 
11:00–12:30 Session 6: CBDCs and Stable Coins
 
 “The digital economy, privacy, and CBDC”, by Toni Ahnert (European Central Bank and CEPR), Peter Hoffmann
(European Central Bank), and Cyril Monnet (University of Bern and Study Center Gerzensee). Video Link

Discussant: Maximilian Günnewig (Universität Bonn) "Discussion of The digital economy, privacy, and CBDC Ahnert, Hoffmann and Monnet (2022)" Video Link

“Can stablecoins be stable?” by Adrien d’Avernas (Stockholm School of Economics), Vincent Maurin (Stockholm
School of Economics), and Quentin Vandeweyer (Booth School of Business, University of Chicago). Video Link

Discussant: Sebastian Pfeil (Erasmus School of Economics, Erasmus University Rotterdam) "Can Stable Coins be Stable? Discussion by Sebastian Pfeil" Video Link

12:45–14:15 Lunch at Le Petit Gustave
 
14:30–16:00 Session 7: Monetary Policy and Banks
 
“Monetary policy in the age of universal banking”, by Michael Gelman (University of Delaware), Itay Goldstein
(Wharton School, University of Pennsylvania) and Andrew MacKinlay (Pamplin College, Virginia Tech) Video Link

Discussant: Miklos Vari (Banque de France) "Monetary Policy in the Age of Universal Banking by M.Gerlman, I.Goldstein and A.MacKinlay" Video Link

“Quantitative easing, bank lending, and macroprudential regulation”, by Andrea Orame (Bank of Italy), Rodney
Ramcharan (Marshall School of Business, University of Southern California), Roberto Robatto (Wisconsin
School of Business, University of Wisconsin-Madison).

Discussant: Alejandro Van Der Gothe (European Central Bank) "Discussion of “Quantitative Easing, Bank Lending, and Macroprudential Regulation” by Andrea Orame, Rodney Ramcharan, and Roberto Robatto" Video Link
 
15:30 Concluding Remarks
 
The organizers, Jean-Edouard Colliard and Evren Örs (both HEC Paris, Finance Department), gratefully
acknowledge funding from the Natixis-HEC-Polytechnique Chair “Business Analytics for Future Banking”, Agence
Nationale de la Recherche funding via LABEX ECODEC (ANR-11-IDEX-0003/ANR-11-LABX-0047), logistical help
by HEC Paris, and the support of Christophe Pérignon (HEC Paris Associate Dean for Research).