Federal Reserve System and the Conference of State Bank Supervisors
Community Banking in the 21st Century
October 3, 2013, Federal Reserve Bank of St. Louis
Harvey Rosenblum, A Failure of Communicate: The Pathology of Too Big to Fail
Harvey Rosenblum, executive vice president and senior economic adviser at the Federal Reserve Bank of Dallas, presents his paper “A Failure to Communicate: The Pathology of Too Big to Fail,” co-written by Elizabeth Organ, a research analyst at the Dallas Fed. The authors discuss their proposal for ending “too big to fail” banks.
Abstract: Guided by an examination of community banks and their relative stability during the recent financial crisis, we propose that lasting financial stability will rest on a level playing field that rewards sound judgment and integrity among profit-seeking financial firms, while penalizing excessive risk and complexity. To promote such an operating environment, government should retain its role as the financial system’s watchdog, but must (1) render no institution immune to market discipline and (2) tailor regulation and supervision to fit the distinct business models employed by different types and groups of financial firms.
Welcome & Overview (Oct. 2) Moderator: Julie Stackhouse (5:29)
Research Session 1: The Role of Community Banks Research Session 1 Moderator: Scott E. Hein (5:35) Do Community Banks Play a Role in New Firm Survival? (Smith Williams) (18:27) Equipment Lease Financing: The Role of Community Banks (Mohammed Khayum) (13:24) Equipment Lease Financing: The Role of Community Banks (Charles Kelly) (14:03) Small Business Lending and Social Capital: Are Rural Relationships Different? (Kenneth Spong) (25:08) Bank Failure, Relationship Lending and Local Economic Performance (John Kandrac) (22:32) Q&A (16:07)
Evening Keynote Address Dorothy Savarese (38:04)
Community Banking Performance (Oct. 3) Moderator: Richard Brown (5:07) Financial Derivatives at Community Banks (Shelly Shen) (11:12) Lessons from Community Banks that Recovered from Financial Distress (Andrew P. Meyer) (22:40) The Effect of Distance on Community Bank Performance Following Acquisitions and Reorganizations (Timothy J. Yeager) (20:43) Performance of Community Banks in Good Times and Bad Times: Does Management Matter? (Dean F. Amel) (17:02) Research Session 2 Question and Answer Period (21:41)
Supervision and Regulation of Community Banks Moderator: Lamont Black (4:09) Estimating Changes in Supervisory Standards and Their Economic Effects (William F. Bassett) (17:23) The Impact of Dodd-Frank on Community Banks (Tanya D. Marsh) (15:39) Capital Regulation at Community Banks: Lessons from 400 Failures (Robert R. Moore) (14:39) A Failure to Communicate: The Pathology of Too Big to Fail (Harvey Rosenblum) (18:15) Research Session 3 Moderator Wrap-up (14:43) Audience Question and Answer Session (14:46)
Afternoon Keynote Presentation Federal Reserve Governor Jerome Powell (28:27)
Panel Discussion and Presentation of Results from Town Hall Sessions Presenter: Mike Stevens (13:20)
Panel Discussion: Community Banking in the 21st Century: Opportunities, Challenges and Perspectives Moderator: Charles A. Vice (13:32) Curt Hecker (7:38) Bobby P. Martin (12:24) Thomas E. Spitz (8:30) Claire W. Tucker (9:14) Community Banking Panel Question and Answer Period (1:04:29) Julie Stackhouse, Closing Remarks (11:13)