Moody's Corporation & NYU Stern School of Business

MAY 13th
7:30am	Registration & Continental Breakfast
8:30am	Introductory Remarks Roger Stein, Managing Director, Moody’s Investors Service Matthew Richardson, Director, Salomon Center, NYU Stern School of Business
8:45am	Panel How the Financial Crisis Has Affected the Credit Markets Edward Altman, NYU Stern School of Business Til Schuermann, Federal Reserve Bank of New York Richard Cantor, Chief Risk Officer, Moody’s Investors Service Moderator: Suresh Sundaresan, Columbia Business School
9:45am	Crisis I: Financial Markets Securitized Banking and the Run on Repo Presenter: Gary Gorton, Yale School of Management Discussant: Kent Daniel, Columbia Business School CDX Tranche Pricing Using S&P Equity Data Presenter: Pierre Collin-Dufresne, Columbia Business School Discussant: Jakub Jurek, Princeton University
10:45am	Coffee
11:00am	Crisis II: Bank Lending The Supply-Side Determinants of Loan Contract Strictness Presenter: Justin Murfin, Fuqua School of Business, Duke University Discussant: Mitchell Petersen, Kellogg School of Management, Northwestern University Liquidity Management in the Financial Crisis Presenter: Victoria Ivashina, Harvard Business School Discussant: Daniel Paravisini, Columbia Business School Aggregate Risk and the Choice between Cash and Lines of Credit Presenter: Viral Acharya, NYU Stern School of Business Discussant: Hui Chen, MIT Sloan School of Management
12:30pm	Lunch & Keynote Fault Lines: How Hidden Fractures Still Threaten the World Economy Raghuram Rajan, University of Chicago's Booth School of Business
2:00pm	Securitization Liar's Loans? Effects of Origination Channel and Information Falsification on Mortgage Delinquency Presenter: Wei Jiang, Columbia Business School Discussant: Amit Seru, University of Chicago Booth School of Business
3:00pm	Keynote Model Risk Presenter: Andrew Lo, MIT Sloan School of Management
3:40pm	Coffee
4:00pm	Panel Contingent Capital Mark Flannery, University of Florida, Warrington College of Business Administration George Pennacchi, University of Illinois College of Business
5:15pm	Cocktail Reception




MAY 14th
7:30am	Continental Breakfast
8:30am	Keynote Global Macro Economic Trends Presenter: Mark Zandi, Chief Economist, Moody's Analytics
9:00am	Crisis III: Liquidity and Dislocations Liquidity in a Crisis Presenter: Kenneth Singleton, Graduate School of Business Stanford University Margin-Based Asset Pricing and Deviations from the Law of One Price Presenter: Lasse Pedersen, NYU Stern School of Business Discussant: Alan White, Joseph Rotman School of Management, University of Toronto
10:15am	Coffee
10:30 am	Panel Solutions to Derivatives Counterparty Risk John Hull, Joseph Rotman School of Management, University of Toronto Dan Rosen, The Fields Institute and R2 Financial Technologies Presenter: Francis Longstaff, UCLA Anderson School of Management Moderator: Stephen Figlewski, NYU Stern School of Business
11:45am	Closing Remarks





Viral Acharya, New York University Stern School of Business Edward Altman, New York University Stern School of Business Richard Cantor, Chief Risk Officer, Moody’s Investors Service Stephen Figlewski, New York University Stern School of Business John Hull, Global Financial Studies, Inc. and Joseph Rotman School of Management, University of Toronto Andrew Lo, MIT Laboratory for Financial Engineering Mitchell A. Petersen, Kellogg School of Management, Northwestern University Matthew Richardson, New York University Stern School of Business Stephen Schaefer, London Business School Kenneth Singleton, Stanford University Roger Stein, Managing Director, Moody's Investors Service Rangarajan K. Sundaram, New York University Stern School of Business Alan White, Global Financial Studies, Inc. and Joseph Rotman School of Management, University of Toronto