New Frontiers in Banking and Capital Markets
The New Frontiers in Banking and Capital Markets Conference is aimed at providing a setting where academics and practitioners, especially regulators and supervisors can exchange views and discuss emerging issues addressed in top academic research.
The 6th edition of this international conference will focus on bank regulation, capital, and corporate governance, exploring these traditional topics within the context of an ever-evolving financial landscape. The conference will address several key topics at the intersection of traditional banking principles and emerging challenges in the financial sector.
Monday, 2 December 2024
1:00 pm Registration and Welcome
2:00 pm Welcome Addresses
Paolo Boccardelli Rector, Luiss University
Giuseppe Ciccarone Vice Rector, Sapienza Università di Roma
Giovanni Di Bartolomeo Dean, Faculty of Economics, Sapienza Università di Roma
2:30 pm Keynote Address by Nobel Prize Laureate Michael Spence
Introduction
Marina Brogi Full Professor of Banking and Capital Markets, Sapienza Università di Roma
Changing the Equation
Michael Spence Nobel Prize Laureate in Economics (Stanford University)
4:30 pm Policy Round Table
Chair
Marina Brogi Full Professor of Banking, Sapienza Università di Roma
Speakers
Paolo Savona Chairman, Consob
Fabrizio Testa CEO, Borsa Italiana
Tuesday, 3 December 2024
8:30 am Welcome Coffee
9:00 - 11:00 am Paper Presentations – Parallel Session ESG and Green Finance
Chair
Cristina Angelico Bank of Italy
9:00 am Sustainable Finance Disclosure Versus Performance: A Clustering Approach
Presenter
Vincenzo Gentile University of Salento
Discussant
Francesco Fasano University of Calabria
9:30 am ESG and Engagement: An Empirical Approach
Presenter
Andrea Roncella Catholic University of the Sacred Heart of Milan
Discussant
Vincenzo Gentile University of Salento
10:00 am New Facts on Carbon Pledges of European Banks
Presenter
Cristina Angelico Bank of Italy
Discussant
Andrea Roncella Catholic University of the Sacred Heart of Milan
10:30 am Green Bonds and Firm Performance: A Contingency Approach
Francesco Cappa Campus Bio-medico University
Francesco Fasano University of Calabria
Raffaele Oriani Luiss University
Samuel Vigne Trinity College of Dublin
Presenter
Francesco Fasano University of Calabria
Discussant
Cristina Angelico Bank of Italy
9:00 am Paper Presentations – Parallel Session Financial Markets and Risk
Chair
Leonardo Gambacorta Bank for International Settlements
9:00 am CSR Committee, CSR Employee Training and Environmental Decoupling - Burcu Gurol, Baskent University, Turkey, Yan Wang and Gercek OzparlakIstanbul Beykent University
Presenter
Gercek Ozparlak Istanbul Beykent University
Discussant
Francesca Pampurini Catholic University of the Sacred Heart of Milan
9:30 – 10:00 Efficiency and Technologically Advanced Investments in the Banking Sector by Francesca Pampurini (Catholic University of the Sacred Heart of Milan) and Anna Grazia Quaranta (University of Macerata)
Presenter
Francesca Pampurini Catholic University of the Sacred Heart of Milan
Discussant
Saverio Storani Sapienza University of Rome
10:00 am Economic Policy Uncertainty, Financial Constraint and Speed of Adjustment by Himansu Sekhar Sethi (Indian Institute of Technology) and Varadraj Bapat
Presenter
Himansu Sekhar Sethi Indian Institute of Technology
Discussant
Gercek Ozparlak Baskent University, Turkey
10:30 am AI and Relationship Lending by Leonardo Gambacorta (Bank for International Settlements)
Presenter
Leonardo Gambacorta Bank for International Settlements
Discussant
Giacomo Gaggero University of Genoa
11:00 am Coffee Break
11:30 am Executive Round Table
Chair
Raffaele Oriani Luiss University
Speakers
Lucia Alessi Team leader – Finance, European Commission – Joint Research Centre
Alice Grittini Head of ESG Business Acceleration, Intesa Sanpaolo
Simonetta Iannotti Member of Secretariat, Financial Stability Board
Fabio Massoli Administration, Finance, Control and Sustainability Director, Cassa Depositi e Prestiti
Claudia Pasquini Head of Risks, Controls and Sustainability Department, ABI
1:30 pm Light Lunch
2:30 pm Academic Round Table - Meet the Editors!
Chair
Valentina Lagasio Sapienza University of Rome
Speakers
Samuel A. Vigne Editor in Chief, Finance Research Letters
Morten Bennedsen (remote) Co-Editor, Journal of Corporate Finance
Ornella Ricci AE, European Journal of Finance, Int. Journal of Finance & Economics
4:00 pm Paper Presentations - Parallel Session Banking Structure
Chair
Jonathan R. Macey Yale School of Management
4:00 pm Identification of systematically pivotal actors in the interbanking networks by Roy Cerqueti, Antonio Iovinella, Saverio Storani (Sapienza University of Rome)
Presenter
Saverio Storani Sapienza University of Rome
Discussant
Mirabela Bik Sapienza University of Rome
4:30 pm Unrealized Losses for Banks but Realized Losses for the Economy? by Alessio Reghezza (European Central Bank), Antonio De Vito (University of Bologna), Benedikt Kagerer (University of Cambridge), Cosimo Pancaro (European Central Bank)
Presenter
Alessio Reghezza European Central Bank
Discussant
Grazia Onorato University of Foggia
5:00 pm The Nonbank Footprint of Banks by Nicola Cetorelli (Federal Reserve Bank)
Presenter
Nicola Cetorelli Federal Reserve Bank
Discussant
Salvatore Perdichizzi University of Padua
5:30 pm The Case Against Banks and the Case for Banks by Jonathan R. Macey (Yale School of Management)
Presenter
Jonathan R. Macey Yale School of Management
Discussant
Alessio Reghezza European Central Bank
6:00 pm Value-at-Risk of an Option Portfolio under Different Scenarios by Giacomo Gaggero (University of Genoa), Pier Giuseppe Gribone (BPER Banca), Duccio Martelli (University of Perugia), Sammoy Mukherjee (University of Genoa)
Presenter
Giacomo Gaggero University of Genoa
Discussant
Marco Venditti Sapienza University of Rome
4:00 pm Paper Presentations - Parallel Session Financial Technology and Banking Networks
Chair
Stefano Zedda University of Cagliari
16:00 – 16:30 Economic Proximity and Cooperative Bank Strategies by Alberto Banfi (Catholic University of the Sacred Heart of Milan), Valerio Ficcadenti (London South Bank University), Francesca Pampurini (Catholic University of the Sacred Heart of Milan), Anna Grazia Quaranta (University of Macerata)
Presenter
Anna Grazia Quaranta University of Macerata
Discussant
Serena Gallo Università degli Studi di Napoli, Federico II
4:30 pm Close By or Closed By? Bank Branches and the Rise of Fintech Mortgages by Felix Dornseifer (TU Dortmund University)
Presenter
Felix Dornseifer TU Dortmund University
Discussant
Stefano Zedda University of Cagliari
5:00 pm Environmental Greenwashing and Systemic Risk: Evidence from American and European listed Banks by Domenico Curcio (Università degli studi di Napoli, Federico II), Rosa Cocozza (Università degli studi di Napoli, Federico II), Serena Gallo (Università degli studi di Napoli, Federico II), Davide Vioto (European Banking Authority)
Presenter
Serena Gallo Università degli studi di Napoli, Federico II
Discussant
Igor Gianfrancesco University of Bari
5:30 pm The Two Supervisory Outlier Tests (SOTs) on Interest Rate Risk: Are They Related? by Stefano Dell'Atti (University of Bari), Igor Gianfrancesco (University of Bari), Grazia Onorato (University of Foggia)
Presenter
Igor Gianfrancesco University of Bari
Discussant
Felix Dornseifer TU Dortmund University
6:00 pm FinTech, Interest Margins and Bank Risk Taking: Evidence from the Chinese Transitional Economy by Kaikai Zhaia (Xi’an Jiaotong University), Pin Guoa (Xi’an Jiaotong University), Yue Shena (Xi’an Jiaotong University), Stefano Zedda (University of Cagliari)
Presenter
Stefano Zedda University of Cagliari
Discussant
Anna Grazia Quaranta University of Macerata
6:30 pm Final Remarks
