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Annual Policy Conference 2026

Friday, April 10, 2026 | Schreiber Center

Annual Policy Conference 2026

Bank Regulation and Macroeconomic Policy: Lessons and Insights in Times of Change

This year's Annual Policy Conference convenes top academics, policymakers, and financial industry leaders to examine the forces shaping global finance—from bank capital and regulation to Treasury market dynamics, competition in banking, and the evolving role of cryptocurrency and stablecoins.

Agenda

Click here to view the line-up

Date: Friday, April 10, 2026
Time: 9:00 a.m. - 4:30 p.m.
Location: Schreiber Center, 16 E. Pearson Street, Room 1001


8:30am | Registration

9:00am |
Conference Introduction
Mark C. Reed, EdD
, President, Loyola University Chicago

9:15am |
Keynote: Are Bank Capital Ratios Useful Signals To Risk-Based Bank Regulations and Supervision?
Eric Rosengren, Former President, Federal Reserve Bank of Boston

10:00am | Coffee Break

10:15am | Round Table: Recent Developments in Treasury Markets
Moderator: Cindy Hull, Federal Reserve Bank of Chicago

Ellen Correia Golay, Federal Reserve Bank of New York
Stefania D’Amico, Federal Reserve Bank of New York
Amanda Deckelman, Bank of America
Chris Zuehlke, DRW Holdings

11:45am | Luncheon

12:30pm | Luncheon Keynote: Macroeconomic Lessons from the 2020s
Narayana Kocherlakota, Louise and Henry Epstein Professor of Business Administration, Simon Business School, University of Rochester and Former President, Federal Reserve Bank of Minneapolis

1:15pm | Session 1: Competition in Banking and the Legacy of George Kaufman
Chair: Gene Amromin, Federal Reserve Bank of Chicago

Federal Reserve Structure, Economic Ideas, and Banking Policy During the ‘Quiet Period’ in Banking
Michael D. Bordo, Board of Governors Professor of Economics, Rutgers University
Edward S. Prescott, Federal Reserve Bank of Cleveland

A Quantitative Model of Bank Merger Dynamics
Dean Corbae, William Sellery Trukenbrod Chair in Finance, University of Wisconsin
Pablo D’Erasmo, Federal Reserve Bank of Philadelphia
Charles Smith, University of Wisconsin

Welfare Costs of Credit Card Oligopoly
Kyle Herkenhoff, University of Minnesota
Juan Morelli, Federal Reserve Bank of New York

2:45pm | Coffee Break

3:00pm | Session 2: New Horizons in Cryptocurrency: Banks, Markets, and Firms
Chair: John Sedunov, Villanova University

Stablecoins and Safe Asset Prices
Iñaki Aldasoro, Bank for International Settlements
Rashad Ahmed, Andersen Institute

Blockchain in Corporate America
Rashad Ahmed, Andersen Institute
Stephen Karolyi, George Mason University
Leili Pour Rostami, University of Massachusetts Boston

Blocking the Credit Chain: Cryptocurrencies, Deposits, and Bank Loan Growth
Allen Berger, University of South Carolina-Columbia
Jiarui Guo, University of South Carolina-Columbia
Stephen Karolyi, George Mason University
Leili Pour Rostami, University of Massachusetts Boston

4:30pm | Adjourn

Keynotes

Narayana Kocherlakota

Narayana Kocherlakota

Former President, Federal Reserve Bank of Minneapolis

Eric Rosengren

Eric Rosengren

Former President, Federal Reserve Bank of Boston

Additional Speakers

Rashad Ahmed

Rashad Ahmed

Andersen Institute

Gene Amromin

Gene Amromin

Federal Reserve Bank of Chicago

Dean Corbae

Dean Corbae

University of Wisconsin


Ellen Correia Golay

Ellen Correia Golay

Federal Reserve Bank of New York

Stefania D’Amico

Stefania D’Amico

Federal Reserve Bank of New York

Amanda Deckelman

Amanda Deckelman

Bank of America

Cindy Hull

Cindy Hull

Federal Reserve Bank of Chicago

Stephen Karolyi

Stephen Karolyi

George Mason University

Juan Morelli

Juan Morelli

Federal Reserve Bank of New York

Edward S. Prescott

Edward S. Prescott

Federal Reserve Bank of Cleveland

John Sedunov

John Sedunov

Villanova University

Leili Pour Rostami

Leili Pour Rostami

UMass Boston

Chris Zuehlke

Chris Zuehlke

DRW Holdings

This year's Annual Policy Conference convenes top academics, policymakers, and financial industry leaders to examine the forces shaping global finance—from bank capital and regulation to Treasury market dynamics, competition in banking, and the evolving role of cryptocurrency and stablecoins.