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) 405–2256
      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 3/21/08