Are We Ready for the Next Financial Crisis? Lessons Yet to be Learned

March 21 and 22, 2018

On the 10th anniversary of the failures of Northern Rock, Bear Stearns and Lehman Brothers which signaled the beginning of a financial crisis, the CMI hosted a conference for both an academics and practitioners. Lessons learned since the financial crisis and how such lessons fold into successful business models for financial institutions, investors, regulators and governments were explored.

March 21, 2018
Keynote Speaker: Framing of Financial Crises
Richard Sylla, NYU Stern
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Keynote Speaker
Tamim Bayoumi, International Monetary Fund and author of “Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned”
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Are Regulators Ready for the Next Financial Crisis?
Panelists:
Tamim Bayoumi, International Monetary Fund
Julie Dickson, formerly with OSFI
Randall Guynn, Partner & Financial Institutions Group, Davis Polk
Moderated by: Anita Anand, Faculty of Law University of Toronto       View Presentation

Lunch and Featured Speaker
Brian Porter, Scotiabank

Are Today’s Bank Business Models Viable?
Panelists:
Richard Fleming, Bain
Sheryl Kennedy, Promontory Canada
Richard Nesbitt, Global Risk Institute in Financial Services
Moderated by: John Hull, Rotman School of Management

Will Inequality and Instability Cause the Next Financial Crisis?
Panelists:
George Bain, Queen’s University Belfast     View Presentation
William Watson, McGill University
Armine Yalnizyan, Economist & Business Commentator
Moderated by: Alexander Dyck, Rotman School of Management     View Presentation

March 22, 2018
Keynote Speaker: The Next Financial Crisis
Richard Bookstaber, University of California and author of “The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction”

Keynote Speaker: New Banking Regulations and the Liquidity of Financial Markets
Darrell Duffie, Stanford University
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The Future Role of Central Banks
Panelists:
Darrell Duffie, Stanford
Tiff Macklem, Rotman School of Management
Laura Kodres, IMF
Moderated by: Don Brean, Rotman School of Management

Lunch and Featured Speaker
Is Technology the Seed of the Next Global Crisis?
Campbell Harvey, Duke University
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Will Technology Cause the Next Financial Crisis?
Panelists:
Sue Britton, FinTech Growth Syndicate
Brendan Carley, Payments Canada
Campbell Harvey, Duke University
Moderated by: Andreas Park, Rotman School of Management

Keynote Speaker: Financial Stability: Taking Care of Unfinished Business View Presentation
Carolyn A. Wilkins, Senior Deputy Governor, Bank of Canada
Introduction by Tiff Macklem, Dean of Rotman School of Management

Wrap-up and Closing: Tiff Macklem, Dean of Rotman School of Management