CONFERENCE PROGRAM INTERNATIONAL COMPETITION IN BANKING: THEORY AND PRACTICE

International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
Ukrainian Academy of Banking
of the National Bank of Ukraine
INTERNATIONAL COMPETITION IN BANKING:
THEORY AND PRACTICE
Sumy, Ukraine, May 24-25, 2012
CONFERENCE PROGRAM
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine
International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
State Higher Educational Institution
Ukrainian Academy of Banking
of the National Bank of Ukraine
The world financial crisis has led to a whole number of changes and reforms that affect the understanding of
the competitiveness of the modern banking systems and banks, the role of regulation of the banking
system, strategic decision-making, etc. The consequences of the crisis have raised the issue of finding a
balance between the theoretical evidence of the competition in the banking and financial sectors around the
world and practical approaches for ensuring an acceptable level of competitiveness. What should be the
basic elements in the banks’ corporate strategies to alleviate the crisis effects and gain competitive
advantages? What are the ways of achieving an effective integration and coordination in the global financial
market? How should the international regulation and crisis management be carried out by banks in order to
improve their financial stability? What is the role of central banks and international institutions in promoting
the competition? What level of harmonization in the standards of bank governance and regulation should be
implemented to ensure market discipline in the world? Do the existing programs of state financial support
for financial institutions provide effective solutions for risk management and sustainability improvement?
How should banks and other financial institutions be regulated to improve their accountability, value creation
and transparency? All these and other related issues will be addressed during the conference.
Conference venue: Ukrainian Academy of Banking of the National Bank of Ukraine, Pokrovska Str. 9/1, Sumy, 40000, Ukraine
CONFERENCE
VENUE
9:00 – 9:30
REGISTRATION OF PARTICIPANTS
9:30 – 9:45
WELCOME AND OPENING REMARKS
Anatoliy Yepifanov, Professor, Rector, Ukrainian Academy of Banking of the National Bank
of Ukraine (Ukraine)
Serhiy Kozmenko, Professor, Vice-rector, Ukrainian Academy of Banking of the National
Bank of Ukraine (Ukraine)
Alexander Kostyuk, Professor, Ukrainian Academy of Banking of the National Bank of
Ukraine (Ukraine), Hanken School of Economics (Finland)
9:45 – 11:15
PLENARY SESSION: Keynote speakers
Horst Löchel, Professor, Frankfurt School of Finance & Management, Shanghai International
Banking and Finance Institute, Germany
Ricardo Gimeno, Ph.D., Bank of Spain, Spain
11:15 – 11:30 Coffee break
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine
International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
11:30 – 13:00 PLENARY SESSION: Key papers
EMPOWERING SHAREHOLDERS IN DIRECTORS` ELECTIONS:
A REVOLUTION IN THE MAKING
Marco Ventoruzzo, Director, Ph.D. in Business Law, Vice-Director,
Paolo Baffi Center on Financial Regulation, Bocconi University Law
Department, Italy
MIRACULOUS FINANCIAL ENGINEERING OR TOXIC FINANCE?
THE GENESIS OF U.S. SUBPRIME MORTGAGE LOANS CRISIS &
ITS CONSEQUENCES ON THE GLOBAL FINANCIAL MARKETS
& REAL ECONOMY
Ivo Pezzuto, Management Consulting Partner, Swiss Management
Center University of Zug, Switzerland, Università Cattolica del Sacro
Cuore di Milano, Italy
THE EURO CRISIS: WHO IS THE WORSE GUY – GERMANY OR GREECE?
Stephan O. Hornig, Professor, Vice-rector, University 0f Applied Sciences, Austria
13:00 – 14:00 Lunch
14:00 – 15:45 PARALLEL SESSIONS
Parallel session 1: Corporate Governance in banks and financial institutions
Session chair: Alex Kostyuk, Professor, Ukrainian Academy of Banking of the National Bank
of Ukraine (Ukraine), Hanken School of Economics (Finland)
Session secretary: Yulia Lapina, Ukrainian Academy of Banking of the National Bank of Ukraine
THE IMPACT OF CORPORATE GOVERNANCE ON THE
MARKET VALUE OF FINANCIAL INSTITUTIONS: EMPIRICAL
EVIDENCES FROM ITALY
Rossana Bubbico, Marco Giorgino, Barbara Monda,
Politecnico di Milano, Italy
MEGA-MERGERS IN JAPAN: ECONOMIC REASONS &
PERFORMANCES
Kimie Harada, Graduate School of International Accounting, Chuo
University, Japan
Takatoshi Ito, Graduate School of Economics, The University of
Tokyo, Japan
DETERMINANTS OF AUDIT COMMITTEE STRUCTURE & AUDIT FEES
Maria-Eleni Agoraki, Greece
OUTLINING OF THE INVESTMENT BANKING IN THE POST-CRISIS EPOCH
Alex Kostyuk, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine
Yulia Lapina, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine
Parallel session 2: Banking regulation and supervision in the context of the world financial crisis
Session chair: Iryna Dyakonova, Professor, Head of the Chair of Management, Ukrainian
Academy of Banking of the National Bank of Ukraine (Ukraine)
Session secretary: Tetyana Shcherbyna, Ph.D., Ukrainian Academy of Banking of the National
Bank of Ukraine
BANK REGULATION & STABILITY: AN EXAMINATION OF THE BASEL MARKET RISK
FRAMEWORK
Gordon J. Alexander, University of Minnesota, Minneapolis, USA
PRUDENTIAL TASKS OF THE PAYMENTS CHALLENGES
Levente Kovacs, Secretary General, Hungarian Banking Association, Hungary
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine
International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
STRUCTURAL FUNDING AND BANK
FAILURES
Pierluigi Bologna, Bank of Italy, Italy
PHASING-IN BASEL 3 CAPITAL & LIQUIDITY
REQUIREMENTS IN POST-REVOLUTION
EGYPT
Monal Abdel-Baki, School of Business, American
University in Cairo, Egypt
Parallel session 3: Financial market trends in crisis
Session chair: Serhiy Leonov, Professor, Head of the Chair of Finance, Ukrainian Academy of
Banking of the National Bank of Ukraine (Ukraine)
Session secretary: Olga Afanasieva, Ph.D., Ukrainian Academy of Banking of the National Bank of
Ukraine
YIELD SPREADS & THE VALUE OF BOND PORTFOLIOS: AN EMPIRICAL ANALYSIS DURING
THE CRISIS
Mario Strassberger, Zittau/Goerlitz University of Applied Sciences, Germany
ASYMMETRIES OF GLOBAL CAPITAL
FLOWS: IS REBALANCING POSSIBLE?
Aleksey Kuznetsov, Institute of World
Economy and International Relations of the
NAS of Ukraine, Ukraine
COMPARATIVE PREDICTABILITY OF
FAILURE OF FINANCIAL INSTITUTIONS
USING MULTIPLE MODELS
Mo Vaziri, California State University San
Bernardino, USA
Rafiqul Bhuyan, California State University
San Bernardino, USA
Ponkala Anand Vaseekhar Manuel, California State University San Bernardino, USA
ROLE OF OUTSIDE INDICATORS IN COOPERATIVE FINANCIAL INSTITUTIONS: THE CASE
OF JAPAN
Kozo Harimaya, Ritsumeikan University, Japan
Parallel session 4: Monetary policy and central banking: outlining an anti-crisis architecture
Session chair: Ricardo Gimeno, Ph.D., Bank of Spain (Spain)
Session secretary: Inna Makarenko, Ph.D., Ukrainian Academy of Banking of the National Bank of
Ukraine
WHY SHOULD MICROCREDIT REGULATION BE DIFFERENT?
Santiago Caicedo Soler, Banco de la Rep´ublica de Colombia
Dairo Estrada, Banco de la Rep´ublica de Colombia
Juan Carlos Mendoza, Banco de la Rep´ublica de Colombia
FOREIGN ENTRY AND BANKING EFFICIENCY IN ASIA
Bayu Kariastanto, Graduate Institute for Policy Studies (GRIPS), Japan
Wako Watanabe, Faculty of Business and Commerce, Keio University, Japan
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine
International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
EX ANTE EFFICIENCY OF STRUCTURED
BARGAINING PROCEDURES UNDER
COORDINATION FAILURE AMONG CREDITORS
Kenta Toyofuku, Nihon University, Japan
A JOINT CALIBRATION OF BANK CAPITAL &
LIQUIDITY RATIOS
Jochen Schanz, Bank of England, UK
Parallel session 5: Competitiveness and modernization of the banking system in the context of
the global and national economy (Ukrainian language)
Session chairs: Oleg Yaremenko, Professor, Head of the Department of Monetary Policy
Strategy, Deputy Head of the Expert-analytical Center of the Monetary Policy Council of the National Bank of Ukraine
Tetiana Vasylieva, Professor, Head of the Chair of Banking, Ukrainian Academy of Banking of the National Bank of Ukraine
ПОВЕДІНКОВІ ФІНАНСИ ТА ВИБІР
ІНВЕСТИЦІЙНИХ ПЕРЕВАГ
Корнєєв Володимир Вікторович – д-р екон. наук,
проф., заступник завідувача відділу досліджень
розвитку та регулювання фінансових ринків ДУ
“Інститут економіки та прогнозування НАН
України” (м. Київ)
СВІТОВИЙ ДОСВІД ВИКОРИСТАННЯ
СЕЗОННО СКОРИГОВАНИХ ПОКАЗНИКІВ
ГРОШОВО-КРЕДИТНОЇ СТАТИСТИКИ
Камашева Надія Вікторівна – канд. екон. наук, начальник відділу Департаменту
статистики та звітності Національного банку України
ОСОБЛИВОСТІ ОЦІНКИ БАНКІВСЬКОГО СЕКТОРУ В КОНТЕКСТІ НАЦІОНАЛЬНОЇ
ОЦІНКИ РИЗИКІВ ЛЕГАЛІЗАЦІЇ
Медвідь Тетяна Анатоліївна – канд. екон. наук, головний спеціаліст Департаменту
фінансового моніторингу Національного банку України
ОСОБЛИВОСТІ ОЦІНКИ ВІЛЬНИХ РЕЗЕРВІВ БАНКІВСЬКОЇ ЛІКВІДНОСТІ В
СУЧАСНИХ УМОВАХ ЇЇ РЕГУЛЮВАННЯ
Вожжов Сергій Павлович – канд. екон. наук, доц. кафедри “Фінанси і кредит”
Севастопольського національного технічного університету
МЕТОД АНАЛІЗУ ІЄРАРХІЙ ЯК ЕФЕКТИВНИЙ ІНСТРУМЕНТ ВИРІШЕННЯ
БАГАТОКРИТЕРІАЛЬНИХ ЗАВДАНЬ БАНКІВСЬКОЇ СФЕРИ
Ващенко Олександр Миколайович – канд. екон. наук, фінансовий експерт Департаменту
економічної безпеки і управління ризиками НАК “Нафтогаз України”, м. Київ
ІНТЕГРОВАНА ЗВІТНІСТЬ БАНКІВ: ПРОБЛЕМИ І ПЕРЕВАГИ ПЕРЕХОДУ
Грищенко Оксана Олександрівна – канд. екон. наук, заступник директора
Севастопольського інституту банківської справи Української академії банківської справи
НБУ
ШЛЯХИ УДОСКОНАЛЕННЯ СИСТЕМИ УПРАВЛІННЯ ОПЕРАЦІЙНИМ РИЗИКОМ У
КОМЕРЦІЙНИХ БАНКАХ РЕСПУБЛІКИ БІЛОРУСЬ
Леонович Тетяна Іванівна – канд. екон. наук, доц. кафедри банківської справи Установи
освіти “Білоруський державний економічний університет”
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine
International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
15:45 – 16:00 Afternoon tea break
16:00 – 18:00 PARALLEL SESSIONS
Parallel session 1: Corporate Governance in banks and financial institutions
DIRECTOR REMUNERATION AND CORPORATE SOCIAL RESPONSIBITY : POST-CRISIS
HORIZONS
Serhiy Kozmenko, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine
Yaroslav Mozghoviy, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine
Dmitriy Govorun, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine
Dmitriy Riabichenko, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine
BOARD OF DIRECTORS AND PERFORMANCE IN ITALIAN BANKING GROUPS
Giulia Romano, Paola Ferretti, Alessandra Rigolini, University of Pisa, Italy
CORPORATE GOVERNANCE PERFORMANCE MEASURES: IS IT RIGHT TIME FOR GETTING
ESSENTIALS RECONSIDERED?
Serhiy Leonov, Maryna Brychko, Ukrainian Academy of Banking of the National Bank of Ukraine
Parallel session 2: Banking regulation and supervision in the context of world financial crisis
BANK REGULATION FRAMEWORK IN EMERGING MARKETS: OUTLINING THE CRISIS
ASPECTS
Iryna Dyakonova, Tetyana Shcherbina, Ukrainian Academy of Banking of the National Bank of
Ukraine
CORPORATE INSURANCE POLICIES AND CREDIT ACCESS: THE POINT OF VIEW OF
BANKS AND INSURANCE COMPANIES IN ITALY
Gianfranco A. Vento, Regent's College, London, UK
Fabrizio Santoboni, Sapienza University of Rome, Italy
SOVEREIGN WEALTH FUND INVESTMENTS IN THE BANKING INDUSTRY
Luisa Anderloni, Università degli Studi di Milano, Italy
Ornella Moro, Università degli Studi di Milano, Italy
Parallel session 3: Financial market trends in crisis
INCIDENT MANAGEMENT: THE CASE OF BANKS IN EAST & WEST AFRICA
Ronald H Mynhardt, Unisa, South Africa
GOVERNMENT OWNERSHIP AND THE COST OF DEBT: EVIDENCE FROM GOVERNMENT
William Megginsson, Veljko Fotak, Kateryna Holland, The University of Oklahoma, USA
Ginka Borisova, Iowa State University, USA
HOW MULTIPLIED CREDIT RATING AGENCIES EFFORTS FOR IRB APPROACH?
Karminsky Alexander, National Research University Higher School of Economics, Russia
DOES PRIVATIZATION HAVE AN IMPACT ON THE PERFORMANCE OF EUROPEAN
COMPANIES?
Hassan Obeid, European School Business, Department of Finance, Paris, France
Patrick Piget, University of Paris I, PRISM-Sorbonne, France
Parallel session 4: Monetary policy and central banking: outlining an anti-crisis architecture
BANK EFFICIENCY IN TURKEY DURING THE RECENT GLOBAL CRISIS
Shahram Taj, Hassan Shirvani, Bahman Mirshab, Ahmet Zia,
Cameron School of Business, University of St. Thomas, USA
EUROPEAN BANKING EFFICIENCY: A PANEL COST FRONTIER APPROACH
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine
International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
Cândida Ferreira, ISEG UTL and UECE, Portugal
CDS: LIQUIDITY SHORTAGE OR STRUCTURAL INSOLVENCY?
Franceso Giuliani, University of Bologna, Italy
Parallel session 5: Competitiveness and modernization of the banking system in the context of
the global and national economy (Ukrainian language)
БАНКИ УКРАЇНИ: ВІДНОВЛЕННЯ ДИНАМІКИ, ПРОБЛЕМИ
Баранов Дмитро Вікторович – головний економіст Національного банку України,
Домрачев Володимир Миколайович – канд. фіз.-мат. наук, доц., старший науковий
співробітник Академії фінансового управління Міністерства фінансів України, Любіч
Олександр Олексійович – д-р екон. наук, старший науковий співробітник Академії
фінансового управління Міністерства фінансів України
УДОСКОНАЛЕННЯ РЕЙТИНГОВОГО ОЦІНЮВАННЯ БАНКІВ УКРАЇНИ
Фалюта Андрій Володимирович – канд. екон. наук, доц. кафедри банківсько-го і
страхового бізнесу Львівського національного університету імені Івана Франка
ЕНДОГЕННА ПРИРОДА ЦИКЛІЧНОСТІ КРЕДИТНОГО РИНКУ
Луняков Олег Володимирович – канд. екон. наук, доц. кафедри обліку та аудиту
Севастопольського інституту банківської справи Української академії банківської
справи НБУ
ОЗНАКИ НОВОЇ ТЕНДЕНЦІЇ В РОЗВИТКУ СТРУКТУРИ БАНКІВСЬКОЇ СИСТЕМИ
УКРАЇНИ
Сухотеплий Володимир Тимофійович – старший викладач кафедри фінансів і
державного управління Дніпропетровської державної фінансової академії
ОЦІНКА ЕФЕКТИВНОСТІ ДІЯЛЬНОСТІ БАНКІВ НЕЧІТКИМ МЕТОДОМ АНАЛІЗУ
СЕРЕДОВИЩА ФУНКЦІОНУВАННЯ
Хайлук Світлана Олексіївна – канд. екон. наук, доц., завідувач кафедри економічної
кібернетики Севастопольського інституту банківської справи Української академії
банківської справи НБУ
ВИЗНАЧЕННЯ ГРАНИЧНО ДОПУСТИМОГО РІВНЯ ІНОЗЕМНОГО КАПІТАЛУ НА
ВІТЧИЗНЯНОМУ ІНВЕСТИЦІЙНОМУ РИНКУ
Кобушко Ігор Миколайович – канд. екон. наук, доц. кафедри фінансів і кредиту
Сумського державного університету
ПРОГНОЗНА ОЦІНКА ФАКТОРІВ ФОРМУВАННЯ ЧИСТОГО ПРИБУТКУ БАНКУ
Дмитрик Юлія Володимирівна – здобувач кафедри економіки і фінансів Харківського
національного університету внутрішніх справ
18:45 – 22:00
Conference dinner
Conference comments
We appreciate your comments on the conference. Comments should be addressed to:
Alexander Kostyuk, [email protected], [email protected]
Conference organizing committee
Anatoliy Yepifanov, Professor, Rector, Ukrainian Academy of Banking of the
National Bank of Ukraine (Ukraine), Editor-in-Chief of "Banks and Bank Systems"
Serhiy Kozmenko, Professor, Vice-rector, Ukrainian Academy of Banking of the
National Bank of Ukraine (Ukraine), Editor-in-Chief of "Investment Management
and Financial Innovations"
Alexander Kostyuk, Professor, Ukrainian Academy of Banking of the National Bank
of Ukraine (Ukraine), Hanken School of Economics (Finland), Editor-in-Chief of
"Corporate Ownership and Control", "Governance and Regulation"
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine
International conference “International competition in banking: theory and practice”
Sumy, May 24-25, 2012
Conference parallel session committees
Parallel session 1
Chair - Alexander Kostyuk, Professor, Ukrainian Academy of Banking of the National Bank of Ukraine (Ukraine), Hanken School of
Economics (Finland), Editor-in-Chief of "Corporate Ownership and Control" and "Governance and Regulation"
Marco Ventoruzzo, Professor, Director, Ph.D., Vice-Director, Paolo Baffi Center on Financial Regulation, Bocconi University, Italy
Horst Löchel, Professor, Frankfurt School of Finance & Management, Director of the German Centre of Banking and Finance, China
Europe International Business School, Chairman of the Shanghai International Banking and Finance Institute, Germany
Secretary - Yulia Lapina, Ukrainian Academy of Banking of the National Bank of Ukraine
Parallel session 2
Chair - Iryna Dyakonova, Professor, Head of the Chair of Management, Ukrainian Academy of Banking of the National Bank of
Ukraine, Ukraine
Levente Kovács, Dr., Secretary General, Hungarian Banking Association, Hungary
Gordon J. Alexander, Professor, the University of Minnesota, USA
Secretary – Tetyana Shcherbina, Ph.D., Ukrainian Academy of Banking of the National Bank of Ukraine
Parallel session 3
Chair - Serhiy Leonov, Professor, Head of the Chair of Finance, Ukrainian Academy of Banking of the National Bank of Ukraine,
Ukraine
Ronald H. Mynhardt, University of South Africa, South Africa
Mo Vaziri, California State University San Bernardino, USA
Secretary – Olga Afanasieva, Ph.D., Ukrainian Academy of Banking of the National Bank of Ukraine
Parallel session 4
Chair - Ricardo Gimeno, Ph.D., Bank of Spain, Spain
Stephan O. Hornig, University of Applied Sciences, Austria
Kenta Toyofuku, Nihon University, Japan
Secretary – Inna Makarenko, Ph.D., Ukrainian Academy of Banking of the National Bank of Ukraine
Parallel session 5
Chairs: Oleg Yaremenko, Professor, Head of the Department of Monetary Policy Strategy, Deputy Head of the Expert-analytical
Center of the Monetary Policy Council of the National Bank of Ukraine
Tetiana Vasylieva, Professor, Head of the Chair of Banking, Ukrainian Academy of Banking of the National Bank of Ukraine
Conference organizers and sponsors
The Ukrainian Academy of Banking of the National Bank of Ukraine, founded in 1996, is a
leading Ukrainian university in the field of economics, banking, finance and economic law.
It trains more than 2500 students. The Academy’s scientific and research activities are of
high international standards. It closely cooperates with banks, financial institutions and
business schools around the world. The Academy has about 60 Ph.D. students.
www.uabs.edu.ua
The publishing company “Business Perspectives” publishes eight journals and book series on
management, banking and finance. The journals’ editorial boards include the word’s leading
economists and academics.
www.businessperspectives.org
The publishing house “Virtus Interpress” offers the expertise and global perspectives in
corporate governance. “Virtus Interpress” publishes four journals in corporate governance
and regulation, book series, acts as co-organizer of international conferences and seminars.
www.virtusinterpress.org
Established in 2010, the International Center for Banking and Corporate Governance is a
research institute at the Ukrainian Academy of Banking of the National Bank of Ukraine.
The Center has a wide portfolio of research in the area of banking and corporate governance. The Center has more than 80 participants from more than 25 countries.
www.uabs.edu.ua
The publishing house “Universitetska Knyga” was established more than ten years ago. It
publishes books on economics as well as poetry, culture, politics, and supplies many Ukrainian universities and schools with the necessary publications.
www.book.sumy.ua
Ukrainian Academy of Banking of the National Bank of Ukraine
Pokrovska Str. 9/1, Sumy, 40000, Ukraine