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2:45pm - 3:45pm Featured Sessions
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Featured Speaker
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Dwight Jaffee
Booth Professor of Banking, Real Estate, and Finance
U.C. Berkeley
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Expand Session Description
The 2010 Dodd-Frank Act, the forthcoming Basel III bank requirements, and the 2011 Treasury White Paper on mortgage reform have set the stage for the reform of U.S. banking, financial, and mortgage markets. While the reforms have been long needed, this does not make the outcomes easier to project or to accomplish. The difficulty is further expanded because banking, financial markets, and mortgage markets necessarily interact in complex ways. Professor Jaffee has been deeply involved in the reforms through his research, teaching, and policy advising. He will provide us his views as to the likely outcomes for the banking, finance, and mortgage markets.
Special discovery points include: • Will the banking reforms enhance or reduce the role of banks as the core of U.S. lending? • Will the banking reforms succeed in controlling systemic risk in future crises? • Will corporations find the financial markets or the banks the more ready source of credit? • Will derivative trading remain primarily an OTC market, or will it move to exchanges? • Can the U.S. mortgage market operate without Fannie Mae and Freddie Mac?
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Jeffrey Liu
Principal, Transaction Advisory Services
Ernst & Young LLP
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Expand Session Description
Many companies are sitting on cash, eager to do deals but uncertain about austerity measures, regulatory and currency issues. With these forces in play, corporate agendas are focusing on capital management issues, such as optimizing, raising, investing and preserving capital. With record-breaking levels of cash on hand and confidence slowly returning, companies and executives are realizing that a new capital agenda is emerging.
Session discovery topics: • The new normal — cash reserves, allocations for growth, investor expectations • When to employ — buy-back, dividend or acquisition strategies • How business maturity impacts upon capital allocation strategy
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