Conference Announcement
Sixteenth Annual International Banking Conference: 'Shadow Banking Within and Across National Borders'

November 7-8, 2013, Federal Reserve Bank of Chicago's Conference Center

The shadow banking system has received increasing attention in recent years as a rapidly growing, lightly regulated complex of financial markets and institutions that operates in parallel with the formal banking sector and has grown to match or exceed it in size in some markets. It also has been identified as having a significant role in the recent financial crisis both in the United States and abroad. Yet, surprisingly little is known about its scope and operations. Nevertheless, many proposals have been developed for "taming" the shadow banking system and are currently under consideration by policymakers, financial regulators, financial practitioners, researchers and academics worldwide.

TOPICS: Analyzing these developments and proposals will be the focus of discussion over the two-day conference. The topics considered include identifying the key players and measuring the size of the shadow system; evaluating why and how the system developed; quantifying how the system has expanded within and across countries; considering the implications for financial stability; addressing the challenges for traditional financial institutions and markets, and for supervision and regulation; evaluating the cross-border implications; and discussing how financial sector policy should be adjusted going forward.

KEYNOTE SPEAKERS INCLUDE:
- Jeremy Stein, Member, Board of Governors of the Federal Reserve System
- Adair Turner, former Chairman, U.K. Financial Services Authority
- Gary Gorton, Professor, Yale University

AUDIENCE: The audience will include academics, regulators, policymakers, and industry representatives.

REGISTRATION:
- Available at the below mentioned conference webpage.
- A discount is provided for early registration.
- For additional information contact Sandy Schneider, sandy.schneider@chi.frb.org or 312 322 8203

FURTHER INFORMATION: Additional details concerning the agenda, registration, accommodations and other information are provided at the conference webpage: http://www.chicagofed.org/InternationalBankingConference

We hope that you can join us in this important and exciting conference to shed much needed light on the shadow banking system to achieve a better understanding of its strengths and weaknesses. Feel free to share this invitation with your colleagues.

PROGRAM COMMITTEE:
Stijn Claessens, International Monetary Fund
Douglas D. Evanoff, Federal Reserve Bank of Chicago
George G. Kaufman, Loyola University Chicago
Luc Laeven, International Monetary Fund