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    02.25.11 Symposium - Comparative Approaches to Systemic Risk and Resolution
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    Friday, February 25
    9:15 am - 5:30 pm
    Registration and Continental Breakfast begin at 8:45am

    250 Joralemon Street
    Brooklyn

    About the Symposium
    The 2008 financial crisis threatened the stability of financial institutions worldwide and focused attention on firms, financial or otherwise, that might be deemed “Too Big to Fail.” That crisis led directly to the creation, under the recently enacted Dodd-Frank Bill, of a “Resolution Authority” for non-bank entities whose failure might create systemic risk.

    A stand-alone resolution authority was not the only option available to policy makers. Instead, the Bankruptcy Code might have been amended to facilitate the restructuring of such institutions, and other insurance schemes might have been considered. Indeed, in other countries, a variety of approaches has been followed.

    This symposium will take a comparative look at the different strategies that have been used to deal with systemic risk, both domestically and abroad. The Resolution Authority will be considered in light of alternative domestic regimes, such as state insurance resolution, SIPC and the PBGC. The symposium will also consider the approaches followed in Germany, the UK, the EU generally, and Canada. Finally, the symposium will consider the sales of Chrysler and GM in bankruptcy.

    Throughout, the symposium will consider the complex interaction between market discipline and the role of governments in maintaining financial market stability. Dodd-Frank is neither the starting point nor the end point of the theoretical and policy discussions, and this program will inform both.

    Symposium Co-Chairs
    Professor Edward J. Janger
    Professor Roberta S. Karmel

    Co-Sponsors
    Brooklyn Journal of Corporate, Financial and Commercial Law
    was founded in 2005 as a student-run academic law journal, focusing on corporate, financial and commercial law subjects, including securities and bankruptcy law. The Journal hosts an annual symposium devoted to a business-related topic, at which current and significant questions of legal policy can be addressed by both academics and practitioners. The Journal publishes articles from leading scholars and student-prepared notes.

    The Dennis J. Block Center for the Study of International Business Law  was established by Brooklyn Law School to provide students the opportunity to study and shape international business law and policy, drawing upon its faculty’s depth of scholarship, experience, and strong international and business law curriculum. The Center sponsors outstanding symposia that bring together leading practitioners, government officials, and legal scholars from around the world to discuss topics including securities regulation, trade, banking, and intellectual property law.

    CLE Credit
    This course provides 7 CLE credits in the State of New York. The credits are transitional and non-transitional and the category is Areas of Professional Practice. If you have any questions about CLE credit for this event, please call 718-780-7953.


    Agenda

    9:15 am Introductory Remarks

    Edward J. Janger
    David M. Barse Professor of Law
    Brooklyn Law School

    9:30 am The Resolution Authority

    Speakers
    James Fanto
    Professor of Law
    Brooklyn Law School

    Jeffrey N. Gordon
    Alfred W. Bressler Professor of Law
    Columbia Law School

    Roberta S. Karmel
    Centennial Professor of Law
    Brooklyn Law School

    Commentator
    Arthur E. Wilmarth, Jr.
    Professor of Law
    George Washington University Law School

    11:00 am Break

    11:15 am Comparative Resolution Institutions – U.S.

    Speakers
    Thomas W. Joo
    Professor of Law
    University of California, Davis, School of Law

    William D. Goddard
    Bingham McCutchen LLP

    Cheryl D. Block
    Professor of Law
    Washington University Law School, St. Louis

    Commentator
    Susan Block-Lieb
    Cooper Family Professor of Law
    Fordham University School of Law

    12:45 pm Luncheon

    2:00 pm Comparative Approaches to Resolution – International

    Speakers
    Christoph G. Paulus
    Professor of Law
    Humboldt-Universität zu Berlin

    Takis Tridimas
    Sir John Lubbock Professor of Banking Law
    Centre for Commercial Law Studies
    Queen Mary College, University of London

    Professor and Nancy A. Patterson Distinguished Faculty Scholar
    The Dickinson School of Law, The Pennsylvania State University

    Nick Segal
    Partner
    Freshfields Bruckhaus Deringer LLP

    Commentator
    Geoffrey P. Miller
    Stuyvesant P. Comfort Professor of Law
    Director, Center for the Study of Central Banks and Financial Institutions
    New York University School of Law

    3:30 pm Break

    3:45 pm Resolution and Restructuring Through Bankruptcy

    Speakers
    Stephen J. Lubben
    Daniel J. Moore Professor of Law
    Seton Hall University School of Law

    Stephanie Ben-Ishai
    Associate Professor of Law
    Osgoode Hall Law School York University

    Judge Robert E. Gerber
    United States Bankruptcy Court (SDNY)

    Joseph H. Smolinsky
    Partner
    Weil, Gotshal & Manges LLP

    Edward J. Janger
    David M. Barse Professor of Law
    Brooklyn Law School

    5:00 pm Concluding Remarks

Bill Heller

View video of the Conversation with Bill Heller, General Counsel to the New York Giants