2026 Federal Reserve Stress Testing Research Conference 
The conference will be held at the Federal Reserve Bank of Boston on November 5 and 6, 2026.
Please email StressTestingConference@frb.gov with any questions.
Background
Stress testing has become a key tool for evaluating the resilience of banks and the financial system. The Federal Reserve conducts annual supervisory stress tests of large US banks, and similar frameworks have been adopted internationally. The broad adoption has also led stress testing to become a more prominent risk management tool for financial institutions. As new risks emerge, stress testing should remain responsive to the evolving financial landscape. Achieving this requires engagement with the latest developments in research and policy.
Conference Format
We intend to host the conference at the Federal Reserve Bank of Boston. Some limited funding to cover travel expenses may be available for paper presenters and discussants from academic institutions. The conference will consist of presentations of academic research papers. Some of the paper presentations will be followed by discussions.
With the authors’ approval, the papers presented at the conference may be made available to the public on the website of the Federal Reserve Bank of Boston.
Organizing Committee
Azamat Abdymomunov, Federal Reserve Bank of Richmond
Ronel Elul, Federal Reserve Bank of Philadelphia
Anne Hansen, Federal Reserve Bank of Richmond
Sharjil Haque, Board of Governors of the Federal Reserve System
Michal Kowalik, Federal Reserve Bank of Boston
Lily Liu, Federal Reserve Bank of Boston
Jose A. Lopez, Federal Reserve Bank of San Francisco
Yue Qiu, Federal Reserve Bank of Philadelphia
James Wang, Board of Governors of the Federal Reserve System
Thursday, November 5, 2026
Registration
Introduction/Opening Remarks
Francisco Covas (Board of Governors of the Federal Reserve System)
Keynote Speaker
Juliane Begenau (Stanford University and the Federal Reserve Bank of San Francisco)
Break
Banks and Non-Banks
Manasa Gopal (Georgia Tech), Camelia Minoiu, Veronika Penciakova
Alex Osberghaus (University of Zurich), Glenn Schepens
Break
Risk in the Banking Sector
Javier Ojea-Ferreiro (Bank of Canada), Ruben Hipp
Nicholas T. Fritsch (Federal Reserve Bank of Cleveland), Edward S. Prescott
Reception
Friday, November 6, 2026
Breakfast
Welcome
Doriana Ruffino (Board of Governors of the Federal Reserve System)
Bank Funding and Interest Rate Exposure
Michael Gelman (University of Delaware), Andrew MacKinlay
Priyank Gandhi (Rutgers University), Martijn Cremers, Darius Palia
Kristian Blickle (Federal Reserve Bank of New York), Cecilia Parlatore, Anthony Saunders
Break
Topics in Bank Regulation
Pablo D’Erasmo (Federal Reserve Bank of Philadelphia), Dean Corbae
Leili Pour Rostami (UMass-Boston), Rashad Ahmed, Stephen A. Karolyi, John Sedunov