The seventh annual Credit Markets Symposium, hosted by the Richmond Fed, gets underway in Charlotte, N.C. Follow here and at #FedCMS.
This year's keynote speakers are Sheila C. Bair, former chairman of the Federal Deposit Insurance Corporation, and Jeremy Stein, the Moise Y. Safra Professor of Economics at Harvard University and member of the Board of Governors of the Federal Reserve System.
- The symposium provides a forum for an open dialogue among market participants, risk management professionals, policymakers and regulators about critical and emerging credit market topics. Participants include risk managers, portfolio managers, asset managers, insurance companies, industry associations, management consultants, academics, policymakers, heads of supervision and anyone interested in the credit transfer markets.
- Richmond Fed President Jeff Lacker sat down with CNBC's Steve Liesman on Squawk Box this morning before the symposium and discussed the economy and the 'living wills' provision in the Dodd-Frank Act.
- UPDATE 11:46 a.m. — First panel of the day, "Economic Landscape," included international and domestic overview and small business lending and securitization markets outlooks. Some of the presentations are below:
- UPDATE 1:42 p.m. — Sheila Bair spoke about her time as FDIC chair during the financial crisis, as well as capital requirements and too big to fail during the April 18 lunchtime keynote.
- UPDATE 4:02 p.m. — "Shadow Banks As Lenders" is the topic of an afternoon panel. Below is a presentation from one of the speakers:
- View this video from Richmond Fed President Jeff Lacker about CMS 2013:
- UPDATE 9:07 a.m. — The symposium's second day starts with "Changes in Wholesale Lending: 2007 Versus 2013."