Workshop on Banking Crisis Management
Reserve Bank of New Zealand Workshop on Banking Crisis Management held on 3 March 2005
This workshop coincided with Professor Edward J. Kane's time as the Professorial Fellow in Monetary and Financial Economics at the Reserve Bank New Zealand and Victoria University of Wellington, from January to March 2005. Professor Kane holds the James F. Cleary Chair in Finance at Boston College. He publishes extensively in the area of financial stability, in particular, financial institution and services regulation, deposit insurance, banking crises, taxation of the financial sector, the politics of policymaking and financial markets. Professor Kane also has considerable experience working with business and government.
The workshop aimed to advance the thinking on the fair and efficient prevention and management of crises involving systemically important banks. The programme covered several aspects of banking crisis management, including contingency planning, alternative approaches and techniques for dealing with a crisis, cross-border jurisdictional issues, and the role of regulatory cultures. It consisted of a combination of papers and presentations, discussant comments and academic open discussion. Workshop participants come from a variety of backgrounds and institutions within New Zealand and overseas: members of academia, of the banking and financial services industries, and of policy institutions.
Programme and papers
Workshop on Banking Crisis Management
Thursday 3 March 2005
2nd Floor, Reserve Bank of New Zealand
Chair: Adrian Orr, Deputy Governor, Reserve Bank of New Zealand
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9:00-9:20 am |
Arrival and coffee |
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9:20-9:30 |
Welcome |
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Alan Bollard, Governor, Reserve Bank of New Zealand |
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Session 1: Alternatives to blanket guarantees for containing a systemic crisis |
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9:30-10:10 |
Alternatives to blanket guarantees for containing a systemic crisis (PDF 315KB) |
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10:10-10:20 |
Discussant: Goran Lind, Riksbank |
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10:20-10:30 |
Discussant: Keith Hall, Reserve Bank of Australia |
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10:30-10:40 |
General discussion |
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Coffee break |
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Session 2: Contingency planning and crisis management (2 papers) |
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11:00-11:30 |
The role and approach of contingency planning for a financial crisis |
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11.30-12:00 |
Management of financial crises in cross-border banks (PDF 178KB) |
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12:00-12:10 |
Discussant: David Lewis, Australian Prudential Regulation Authority |
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12:10-12:20 |
Discussant: Geof Mortlock, Reserve Bank of New Zealand |
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12:20-12:30 |
General discussion |
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Lunch |
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Session 3: Alternative approaches to crisis management (2 papers) |
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2:00-2:20 |
Deposit insurance in New Zealand? (PDF 40KB) |
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2:20-2:50 |
Resolving systemically important banks (PDF 64KB) |
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2:50-3:00 |
Discussant: Peter Hall, ASB Bank |
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3:00-3:30 |
General discussion |
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Coffee break |
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Roundtable Session: Regulatory culture and bank failure |
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3:50-4:20 |
The role of regulatory culture in the bank failure process (PDF 548KB) |
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4:20-5:00 |
Panel Discussion: Ed Kane (Boston College), Goran Lind (Riksbank), David Lewis (Australian Prudential Regulation Authority), Thorvald Grung Moe (Norges Bank), Anthony Grayson (Bank of New Zealand) |
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5:00-5:30 |
General Discussion |
Contact details
Clinton Watkins
Reserve Bank of New Zealand
PO Box 2498
Wellington
New Zealand
Email: Clinton.Watkins@rbnz.govt.nz
Telephone: +64 4 471 3967
Facsimile: +64 4 473 3964
