09/13/13 | Houston - Five Years After the Crash with FDIC Vice Chairman, Thomas M. Hoenig
Non-Member Price: $50
Despite a myriad of reforms proposed or implemented subsequent to the financial crisis of 2008, we have been unable to escape economic malaise. The debate continues over whether we have done enough to assure a stable financial environment supportive of growth. What kind of incentives, fiscal conditions, central bank actions, legal frameworks, asset exposures, correlations and institutional interconnections must we address to assure that global financial markets work as they should through good times and bad?
"My perspective is one of economic incentives, the important role they played leading up to the crisis and how they continue to affect events, making a fuller recovery more difficult to achieve. I will discuss the challenges of monetary policy and supervisory policy in this new economy." - FDIC Vice Chairman, Thomas Hoenig
Location and Time
Houston Country Club
1 Potomac Drive
Houston , TX , USA 77056
7:00am Registration / Networking / Breakfast Buffet Opens
7:30am Breakfast / Roundtable Intros / Topic Discussion
8:00am Program Presentation
9:00am Audience Q&A
Thomas M. Hoenig - Keynote Speaker
Vice Chairman, Federal Deposit Insurance Corporation
Thomas M. Hoenig was confirmed by the Senate as Vice Chairman of the Federal Deposit Insurance Corporation on Nov. 15, 2012. He joined the FDIC on April 16, 2012, as a member of the FDIC Board of Directors for a six-year term. He is a member of the executive board of the International Association of Deposit Insurers.
Prior to serving on the FDIC board, Mr. Hoenig was the President of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Federal Open Market Committee from 1991 to 2011.
Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist and then as a senior officer in banking supervision during the U.S. banking crisis of the 1980s. In 1986, he led the Kansas City Federal Reserve Bank's Division of Bank Supervision and Structure, directing the oversight of more than 1,000 banks and bank holding companies with assets ranging from less than $100 million to $20 billion. He became President of the Kansas City Federal Reserve Bank on October 1, 1991.
Mr. Hoenig is a native of Fort Madison, Iowa. He received a doctorate in economics from Iowa State University.
Michael W. Hofmann - Moderator
Director, Calpine Corporation
Michael W. Hofmann joined the board of Calpine Corporation in May 2013 after retiring as vice president and chief risk officer at Koch Industries, Inc. While at Koch, he developed a state-of-the art approach to risk management which combines a reality based economic capital framework, risk and return transparency, clear decision rights and the application of effective incentive systems to encourage sound decisions.
During and following the financial crisis, Mr. Hofmann supported Koch’s strategic decisions by leading efforts to understand the changing economic conditions and implications of extraordinary global fiscal and monetary policy decisions.
Mr. Hofmann served a three-year term on the Federal Reserve Bank of Kansas City Economic Advisory Council (2009-2012) and has been executive board member of the Global Association of Risk Professionals (GARP) since 2002.
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