This Event Has Ended
Stress testing has become an important part of capital regulation for large U.S. banking organizations through the annual Dodd-Frank-Act stress tests (DFAST) and Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve will host the "Stress Testing: A Discussion and Review" conference to discuss the transparency and effectiveness of the stress tests and how the stress tests can remain a dynamic and useful tool of large bank supervision.
The conference will be held on July 9, 2019 at the Federal Reserve Bank of Boston, and will bring together academics, regulators, bankers, and other stakeholders. The panels will include overviews and discussions of themes that are at the forefront of stress testing, including the effectiveness of stress testing as a policy tool, dynamism and transparency in stress testing, and the effects stress tests have on economic and financial conditions. These panels will feature thought leaders who will provide unique perspectives on stress testing.
Agenda
Welcoming Remarks
Lisa Ryu
Senior Associate Director
Board of Governors of the Federal Reserve System
Opening Remarks (via Video)
Jerome Powell
Chair
Board of Governors of the Federal Reserve System
Stress Tests as Policy Tool
Moderator
Michael Gibson
Director
Board of Governors of the Federal Reserve System
Presenter
Andrew Metrick
Director
Yale University
(Co-Author: Greg Feldberg, Director of Research, Yale Program of Financial Stability) Download Paper (pdf)
Discussants
Charlotte Gerken
Director
Cross Sectoral and Insurance Policy
Bank of England
Download Paper (pdf)
Dennis Kelleher
President and Chief Executive Officer
Better Markets
Download Paper (pdf)
Brian Lee
Chief Accounting Officer and Controller
Goldman Sachs
Dynamism and Transparency in Stress Testing
Moderator
Beverly Hirtle
Executive Vice President
Federal Reserve Bank of New York
Presenter
Mark Flannery
Bank of America Eminent Scholar in Finance
University of Florida Download Paper (pdf)
Discussants
Tim Clark
Former Deputy Director
Board of Governors of the Federal Reserve System
Download Paper (pdf)
Dennis Kelleher
President and Chief Executive Officer
Better Markets
Randall Guynn
Head of Financial Institutions Group
Davis Polk & Wardwell
Download Paper (pdf)
Andrew Kuritzkes
Chief Risk Officer
State Street Corporation
Keynote Speech
Randal Quarles
Vice Chair for Supervision
Board of Governors of the Federal Reserve System
Effects of Stress Test
Moderator
Andreas Lehnert
Director
Board of Governors of the Federal Reserve System
Presenter
Nellie Liang
Senior Fellow
Brookings Institute
(Co-Author: Donald Kohn, Senior Fellow, Brookings Institution) Download Paper (pdf)
Discussants
Benson F. Roberts
President and CEO
National Association of Affordable Housing Lenders
Jaret Seiberg
Managing Director
Cowen Group, Inc.
Til Schuermann
Partner
Oliver Wyman