Call for Papers: 8TH ANNUAL BANK RESEARCH CONFERENCE: ISSUES IN SECURITIZATION AND CREDIT RISK TRANSFER

                           CALL FOR PAPERS


                 8TH ANNUAL BANK RESEARCH CONFERENCE:
           ISSUES IN SECURITIZATION AND CREDIT RISK TRANSFER


                       Jointly organized by the
            Federal Deposit Insurance Corporation's Center
                      for Financial Research and
           The Journal of Financial Services Research (JFSR)



     The FDIC's Center for Financial Research and the JFSR
     invite submissions for the 8th Annual Fall Research
     Conference to be held in Arlington, Virginia on Thursday,
     September 18, and Friday, September 19, 2008.


     Until fall 2007, many held a view that securitization and
     other credit risk transfer instruments diversified bank
     credit risks and enhanced financial sector stability. By
     winter 2008, many securitization markets had ceased to
     function as investor demand for complex credit products
     evaporated even as central banks lowered risk free rates to
     stimulate liquidity and blunt the real economic effects of
     mounting financial sector losses. The 8th Annual FDIC-JFSR
     conference will provide a forum to discuss the causes and
     effects of the recent securitization debacle and focus on
     the following questions. Is credit risk transfer (CRT) a
     source of systemic instability or is CRT inherently a
     stabilizing force? Do current events reflect the
     predictable outcome of correctable flaws in industry and
     regulatory practices? Was there a widespread failure to
     anticipate the potential for large financial industry
     losses? What are the reasons for the breakdown in
     underwriting standards, market discipline, accounting
     standards, regulation, and risk measurement and management
     systems? If so, what policies need to be revisited?



     TOPICS:


     The program committee encourages the submission of papers
     on topics that include:


     - Excess liquidity, asset price bubbles, and financial
       fragility
     - Risk measurement for securitization and credit derivative
       products
     - The role of incentives and incentive pay
     - The breakdown in market discipline
     - The adequacy of supervision and regulation
     - Issues related to special purpose entities, bankruptcy
       remote status, and reputation risks
     - The role and oversight of rating agencies
     - The structuring of credit transfer and securitization
       products
     - Counterparty credit risk, liquidity and contagion
     - Synthetic credit products, speculative excesses, market
       pricing and liquidity
     - Quantifying the risk of non-deposit sources of bank
       funding (e.g. securitization)
     - The importance and incentives created by public safety
       nets


     The organizers also seek papers related to any of the CFR's
     research programs:


     - Deposit Insurance
     - Consumer Finance and Credit Issues
     - Risk Measurement
     - Financial Sector Policy and Regulation
     - Corporate Finance
     - Banking Performance and the Economy



     PAPER SUBMISSION PROCEDURE:


     Papers will be selected for presentation based on reviews
     by associate editors of the JFSR and the organizing
     committee (Paul Kupiec and Haluk Unal). Selected papers may
     be invited for JFSR submission. Expenses for travel, food,
     and lodging will be reimbursed for paper presenters.
     Papers must be received by June, 30 2008. Authors will be
     notified about the status of their papers by July 31, 2008.


     Please submit papers as "pdf" attachments to an email sent to:


     Email:         MAILTO:CFR@fdic.gov


     Please name the file: "YourLastName.pdf." For additional
     information, contact:


     CONTACT:       Paul Kupiec
     Tel:           (202) 898-6768
     Email:         MAILTO:pkupiec@fdic.gov
               or
     CONTACT:       Haluk Unal
     Tel:           (301) 4052256
     Email:         MAILTO:hunal@rhsmith.umd.edu


     See:


     http://www.fdic.gov/bank/analytical/cfr/research.html


     for additional details on the CFR research programs.
Posted 3/20/08