The New Frontiers in Banking and Capital Markets Conference aims to create a space where academics and practitioners—especially regulators and supervisors—can exchange views and discuss emerging issues addressed in leading academic research.

The 6th edition of this international conference will focus on bank regulation, capital, and corporate governance, exploring these traditional topics within the context of a constantly evolving financial landscape. The conference will address several key topics at the intersection of traditional banking principles and emerging challenges in the financial sector.

Monday, December 2, 2024

1:00 pm Registration and Welcome

2:00 pm Welcome Remarks
Paolo Boccardelli, Rector, Luiss University
Giuseppe Ciccarone, Vice Rector, Sapienza University of Rome
Giovanni Di Bartolomeo, Dean of the Faculty of Economics, Sapienza University of Rome
Marina Brogi, Sapienza University of Rome
Valentina Lagasio, Sapienza University of Rome
Samuel Vigne, Luiss Business School

2:30 pm Keynote Address by Nobel Prize Laureate Michael Spence
Introduction by
Marina Brogi, Full Professor of Banking and Capital Markets, Sapienza University of Rome

Changing the Equation:
Michael Spence, Nobel Prize Laureate in Economics (Stanford University)

4:30 pm Policy Roundtable
Chair:
Marina Brogi, Full Professor of Banking, Sapienza University of Rome

Speakers:
Paolo Savona, Chairman of Consob
Fabrizio Testa, CEO of Borsa Italiana

Tuesday, December 3, 2024

8:30 am Welcome Coffee

9:00–11:00 am Paper Presentations – Parallel Session: ESG and Green Finance (TD1)
Chair
: Cristina Angelico, Bank of Italy

9:00 am Sustainable Finance Disclosure Versus Performance: A Clustering Approach

Presenter:
Vincenzo Gentile, University of Salento

Discussant:
Francesco Fasano, University of Calabria

9:30 am ESG and Engagement: An Empirical Approach

Presenter:
Andrea Roncella, Catholic University of the Sacred Heart of Milan

Discussant:
Vincenzo Gentile, University of Salento

10:00 am: New Facts on Carbon Pledges of European Banks
Presenter:
Cristina Angelico, Bank of Italy

Discussant:
Andrea Roncella, Catholic University of the Sacred Heart of Milan

10:30 am Green Bonds and Firm Performance: A Contingency Approach
Francesco Cappa, Campus Bio-Medico University
Francesco Fasano, University of Calabria
Raffaele Oriani, Luiss University
Samuel Vigne, Trinity College Dublin

Presenter:
Francesco Fasano, University of Calabria

Discussant:
Cristina Angelico, Bank of Italy

9:00 am Paper Presentations – Parallel Session: Financial Markets and Risk  (TD0)
Chair
: Leonardo Gambacorta, Bank for International Settlements

9:00 am CSR Committee, CSR Employee Training, and Environmental Decoupling – Burcu Gurol, Baskent University, Turkey; Yan Wang and Gercek Ozparlak, Istanbul Beykent University

Presenter:
Gercek Ozparlak, Istanbul Beykent University
Discussant:
Francesca Pampurini, Catholic University of the Sacred Heart of Milan

9:30–10:00 a.m. Efficiency and Technologically Advanced Investments in the Banking Sector by Francesca Pampurini (Catholic University of the Sacred Heart of Milan) and Anna Grazia Quaranta (University of Macerata)

Presenter:
Francesca Pampurini, Catholic University of the Sacred Heart of Milan

Discussant:
Saverio Storani, Sapienza University of Rome

10:00 am Economic Policy Uncertainty, Financial Constraint, and Speed of Adjustment by Himansu Sekhar Sethi (Indian Institute of Technology) and Varadraj Bapat

Presenter
Himansu Sekhar Sethi, Indian Institute of Technology

Discussant
Gercek Ozparlak, Baskent University, Turkey

10:30 am AI and Relationship Lending by Leonardo Gambacorta (Bank for International Settlements)

Presenter:
Leonardo Gambacorta, Bank for International Settlements

Discussant:
Giacomo Gaggero, University of Genoa

11:00 am Coffee Break

11:30 am Executive Roundtable
Chair
: Raffaele Oriani, Luiss University

Speakers:
Lucia Alessi, Team Leader – Finance, European Commission – Joint Research Centre
Alice Grittini, Head of ESG Business Acceleration, Intesa Sanpaolo
Simonetta Iannotti, Member of the Secretariat, Financial Stability Board
Fabio Massoli, Director of Administration, Finance, Control, and Sustainability, Cassa Depositi e Prestiti
Claudia Pasquini, Head of the Risks, Controls, and Sustainability Department, ABI

1:30 pm Light Lunch

2:30 pm Academic Roundtable – Meet the Editors!
Chair
: Valentina Lagasio, Sapienza University of Rome

Speakers:
Samuel A. Vigne, Editor-in-Chief, Finance Research Letters
Morten Bennedsen (remote), Co-Editor, Journal of Corporate Finance
Ornella Ricci, Associate Editor, European Journal of Finance, International Journal of Finance & Economics

4:00 pm Paper Presentations – Parallel Session: Banking Structure (TD1)
Chair:
Jonathan R. Macey, Yale School of Management

4:00 pm Identification of systemically pivotal actors in the interbanking networks by Roy Cerqueti, Antonio Iovinella, and Saverio Storani (Sapienza University of Rome)

Presenter:
Saverio Storani, Sapienza University of Rome

Discussant:
Mirabela Bik, Sapienza University of Rome

4:30 pm “Unrealized Losses for Banks but Realized Losses for the Economy?” by Alessio Reghezza (European Central Bank), Antonio De Vito (University of Bologna), Benedikt Kagerer (University of Cambridge), and Cosimo Pancaro (European Central Bank)

Presenter:
Alessio Reghezza, European Central Bank

Discussant:
Grazia Onorato, University of Foggia

5:00 pm The Nonbank Footprint of Banks by Nicola Cetorelli (Federal Reserve Bank)

Presenter:
Nicola Cetorelli, Federal Reserve Bank

Discussant:
Salvatore Perdichizzi, University of Padua

5:30 pm The Case Against Banks and the Case for Banks by Jonathan R. Macey (Yale School of Management)

Presenter:
Jonathan R. Macey, Yale School of Management

Discussant:
Alessio Reghezza, European Central Bank

6:00 pm Value-at-Risk of an Option Portfolio under Different Scenarios by Giacomo Gaggero (University of Genoa), Pier Giuseppe Gribone (BPER Banca), Duccio Martelli (University of Perugia), and Sammoy Mukherjee (University of Genoa)

Presenter:
Giacomo Gaggero, University of Genoa

Discussant:
Marco Venditti, Sapienza University of Rome

4:00 pm Paper Presentations – Parallel Session: Financial Technology and Banking Networks (TD0)
Chair
: Stefano Zedda, University of Cagliari

4:00–4:30 PM Economic Proximity and Cooperative Bank Strategies by Alberto Banfi (Catholic University of the Sacred Heart of Milan), Valerio Ficcadenti (London South Bank University), Francesca Pampurini (Catholic University of the Sacred Heart of Milan), and Anna Grazia Quaranta (University of Macerata)

Presenter:
Anna Grazia Quaranta, University of Macerata

Discussant:
Serena Gallo, University of Naples Federico II

4:30 pm Close By or Closed By? Bank Branches and the Rise of Fintech Mortgages by Felix Dornseifer (TU Dortmund University)

Presenter:
Felix Dornseifer, TU Dortmund University

Discussant:
Stefano Zedda, University of Cagliari

5:00 pm Environmental Greenwashing and Systemic Risk: Evidence from American and European Listed Banks by Domenico Curcio (University of Naples Federico II), Rosa Cocozza (University of Naples Federico II), Serena Gallo (University of Naples Federico II), and Davide Vioto (European Banking Authority)

Presenter:
Serena Gallo, University of Naples Federico II

Discussant:
Igor Gianfrancesco, University of Bari

5:30 pm The Two Supervisory Outlier Tests (SOTs) on Interest Rate Risk: Are They Related? by Stefano Dell'Atti (University of Bari), Igor Gianfrancesco (University of Bari), and Grazia Onorato (University of Foggia)

Presenter:
Igor Gianfrancesco, University of Bari

Discussant:
Felix Dornseifer, TU Dortmund University

6:00 pm FinTech, Interest Margins, and Bank Risk-Taking: Evidence from the Chinese Transitional Economy by Kaikai Zhaia (Xi'an Jiaotong University), Pin Guoa (Xi'an Jiaotong University), Yue Shena (Xi'an Jiaotong University), and Stefano Zedda (University of Cagliari)

Discussant:
Anna Grazia Quaranta, University of Macerata

6:30 pm: Final Remarks

Program Chairs:
Marina Brogi, Sapienza University
Valentina Lagasio, Sapienza University
Samuel A. Vigne, Luiss Business School

Registration