On June 15, 2009, a conference on "Reforming Financial Regulation and Supervision: Back to Basics," jointly organized by Banco de España and the Office of the Chief Economist for Latin America and the Caribbean, was held in Madrid. The conference brought together top researchers and high-level policy makers from around the world that are leading the discussion on the reform of financial regulation and supervision. This reform has become necessary following the unprecedented depth, breadth, and complexity of financial crisis unleashed by the sub-prime debacle in the U.S. In addition to revisiting regulatory and supervisory reform issues from a "back to basics" perspective, the conference aimed at bringing Latin American regulators and central bankers to the frontier of the technical and policy debate on these reforms. The conference participants included high-level financial sector authorities from virtually every country in the LAC region.
Chair: Javier Aríztegui (Banco de España)
Lead speaker: Augusto de la Torre (World Bank)
Paper
(232 KB)
Presentation
(2 MB)
Panelists: Rafael Repullo (CEMFI)
(126 KB)and Xavier Vives (IESE)
(106 KB)
Chair: Alvir Alberto Hoffmann (Banco Central do Brasil, President of ASBA)
Lead speaker: Laura Kodres (IMF)
Paper
(149 KB)
Presentation
(499 KB)
Panelists: Charles Goodhart (LSE); Beverly Hirtle (New York Fed)
(795 KB)and José Mª Roldán (Banco de España)
Chair: Gustavo Arriagada (SBIF, Chile)
(125 KB)
Lead speaker: John Palmer (Toronto Center)
Paper
(419 KB)
Presentation
(299 KB)
Panelists: Fernando Vargas (Banco de España)
(1 MB); Jon Danielsson (LSE) and Kerstin af Jochnick (President CEBS)
(278 KB)
Chair: Enrique Iglesias (SEGIB)
Lead speaker: Richard Portes (CEPR)
(269 KB)
Panelists: Morris Goldstein (Institute for International Economics)
(43 KB); Chris Towe (IMF)
(234 KB); Ignazio Visco (Banca d’Italia)
(232 KB)
Chair: Fernando Montes (World Bank)
Panelists: Monica Aparicio (Fogafin, Colombia)
(992 KB); Miguel Angel Garza (CNBV, México); Kevin Cowan (Central Bank, Chile)
(786 KB); Andrew Powell (IDB); Alain Ize (World Bank)