« FINANCIAL REGULATION  »

Djerba – 12 & 13 december 2010.

Call for papers

The declaration on strengthening the financial system, after the G20 meeting of April 2, 2009, established the principles of a new international financial regulation. This is based on a desire to adopt a macro prudential framework to integrate systemic risk by opting for an expanded scope of supervisory and increasing supervision rules.
Indeed, the current crisis was caused in particular by applying a micro prudential logic to monitoring crisis in a self-regulation system. One notes that this model was unable to anticipate and prevent crises because it takes little account of the systemic risk.
Among the objectives of the G20 statement, one quotes: master the sources of instability in the financial system and avoid future systemic crises by application of the principles of integrity in the financial markets and international cooperation, create an oversight panel, increase transparency and accountability of actors and reform financial institutions.
Regulators need to expand their supervision on traditional credit as well as off-balance operations and on the derivatives markets. Indeed, the crisis of 2007 was also the result of an inability of regulators to manage innovation. This took the form of a series of securitization transactions, which originally was to transfer the credit risk.
Still, the solution remains hypothetical because of the inability to pass the act in the absence of indicators, targets and information practices for the application of these principles at national, regional or supranational level. Moreover, all these principles have no legal or statutory weight and tantamount to a simple extension of existing regulations.
The definition of rules and procedures also raises issues of governance especially as one must choose between substantive or procedural rules, as being  the real answer to the crisis.
Another question arises, it concerns the ability of regulators to monitor and punish the excesses of the financial system.

This conference should attempt to answer a number of issues including:
Do the regulators have the ability to regulate? Have they the power and skills?
Should we remove the financial instruments? How to control them?
Do financial markets entail more risk? How to measure the contribution of these markets relative to their risks? How to distinguish well from bad financial innovations?
Should central banks monitor the financial stability in addition to monetary stability?
How to improve financial transparency and control of ratings agencies?

This conference seeks first to bring together specialists to discuss opportunities on financial regulation and how can it be better solution, even partially, to the crisis. It then seeks to evaluate promising new avenues for better understanding of our science. The reflection should finally analyse the possible consequences on the different branches of finance and accounting.
The main objectives of this conference are:
* Identify the new financial regulations.
* Propose concepts for implementing this regulation.
* Evaluate the causes and consequences of this financial crisis.
* Inspire profound changes in the approaches of the current financial thinking.
* Assess the impact of insurance strategies and risk management in a financial crisis.
* Propose improvements in financial transparency and ethics.
* Improve the management of financial innovation.
* Measure the financial regulations in terms of corporate governance and propose extensions.
* Assess the financial regulations adopted by the banking system and financial markets of emerging countries, especially those of the Mediterranean.
* Contribute to the debate on the ways out of crisis at both sectoral and global level.

The conference will be primarily an international forum for researchers and practitioners to exchange new ideas and experiences. It will then offer an opportunity to present and discuss the latest research in different fields covered by the Symposium and finally to target future collaborations according to the themes identified by participants.

This conference is organized by ATSG, ISCCB and IHET in collaboration with the pole of Management of the University of Bordeaux IV.

Web Site : http://www.djerbaconference.com