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12th Finsia-Melbourne Centre for Financial Studies
Banking and Finance Conference

  “Developments in Financial Services: Theory meets Practice”

Time: 24th + 25th September 2007
Venue: RMIT University, 239 Bourke Street, Melbourne, Australia

 

Conference Program

Please find the full 2 day conference program below. Full details for the contributed paper sessions are available on following pages.

DAY 1: MONDAY 24th SEPTEMBER

Time

Topic

Speaker

8.50 - 9.00

Conference Opening and Welcome

John Unkles F Fin, Executive General Manager, Finsia

 

Plenary Sessions

9.00 - 9.45

Future challenges of Banking from a CFO perspective

Phil Coffey, CFO, Westpac

9.45 - 10.30

Innovation in Financial Services

Hamish Carlisle, Managing Director, QuickDirect ONline Mortgages, formerly Head of Banks Research, MerrillLynch

10.30 - 11.00

Morning Tea

11.00 - 11.45

Governance and performance considerations in superannuation
:: Presentation
:: Paper

Ramani (SG) Venkatramani, General Manager, Specialised Institutions Division, APRA

11.45 - 12.30

The retirement phase of superannuation

Justin Wood, Head of Strategic Solutions and Client Advisory Group, Barclays Global Investors, Australia.

12.30 - 1.30

Lunch

Concurrent Contributed Paper Sessions

1.30 - 3.00

Contributed Paper Sessions

3.00 - 3.30

Afternoon Tea

3.30 - 5.00

Contributed Paper Sessions

7.00 - 11.00

Conference Dinner

Guest Speaker: Stephen Mayne, Business Editor and Founder – www.crikey.com.au
RACV Club - 501 Bourke St

 

DAY 2: TUESDAY 25th SEPTEMBER

Time

Topic

Speaker

8.50 - 9.00

Housekeeping

John Unkles F Fin, Executive General Manager, Finsia

 

Plenary Sessions

9.00 - 9.45

Creating The Conditions for More Efficient Retirement Funding

Leo DeBever, CIO, Victoria Funds Management Corporation

9.45 - 10.30

Building portfolios to add value: How should a fund approach the task?

Don Russell, Director, Institutional Business, Mellon Global Investments Australia

10.30 - 11.00

Morning Tea

11.00 - 11.45

Some Observations on Financial Trends

Ric Battellino, Deputy Governor, Reserve Bank of Australia

11.45 - 12.30

Financial Regulation: The Role of Shadow Financial Regulatory Committees and the ANZSFRC Latest Statement

Harald Benink, Professor of Finance, ErasmusUniversity

12.30 - 1.30

Lunch

Concurrent Contributed Paper Sessions

1.30 - 3.00

Contributed Paper Sessions

3.00 - 3.30

Afternoon Tea

3.30 - 5.00

Contributed Paper Sessions

 

 

Technical Program and Research Papers

 

Monday 24th September

1.30 ~ 3.00pm

3.30 ~ 5.00pm

Panel:
Leveraging the Securities Exchange Model

Les Hosking, Managing Director, NEMMCO and former MD, Sydney Futures Exchange
Martin Ryan, Managing Director, Australia Pacific Exchange
Ian Craig
, Companies/Listing Manager, NSX Limited

Panel:
Banking Regulation & Governance

Les Coleman, University of Melbourne
Warren Hogan, University of Technology Sydney
Michelle Hinchliffe, Partner, KPMG

 

Section 1A:
Risk Management and Financial Innovation

A Critique of the Advanced Measurement Approach to Regulatory Capital Against Operational Risk
Imad Moosa, Monash University
Loss Coverage and Stress Testing Mortgage Portfolios: A Non-Parametric Approach
Carlos Trucharte, Bank of Spain, Spain
Adolfo Rodríguez, Bank of Spain, Spain
Financial Innovation, Creative Opacity, and Long Run Returns: The Cluster Hypothesis
Kurt Dew, Griffith University

 

 

Section 2A:
Chinese Financial Markets

Are Chinese Stock Markets Weak-form Efficient?
Scott Niblock, Southern Cross University
Keith Sloan, Southern CrossUniversity
An Investigation into the Chinese Exchange Rate Regime and its Implications for International Financial and Trading Relations
Tony Naughton, RMIT University
Imad Moosa, Monash University
Larry Li, La TrobeUniversity
Limit Order And Liquidity Patterns: Alternative Evidence
Gary Tian, University of Wollongong
Mingyuan Guo, University of Western Sydney

 

Section 1B:
Bank Performance & Efficiency

An investigation into the efficiency of a bank's branch network using Data Envelopment Analysis
David Tripe, Massey University, New Zealand
Darrel thomas, Centre for Banking Studies, Massey University, New Zealand
Cost Efficiency And K-Economy Of Commercial Banks In Malaysia
Rosita Suhaimi, University of Teknologi MARA Sarawak, Malaysia
Bank Efficiency in the Asia Pacific Allowing for Credit Risk and Operating Environment
Kym Brown, Monash University

 

Section 2B:
Bank Returns and Risk

Do exchange rates affect the stock performance of Australian Banks?
David Tripe, Massey University, New Zealand
Jing Chi, Massey University, New Zealand
Martin Young, Massey University, New Zealand
The asymmetric return-volatility relationship revisited with regime-switching implied volatility
Paul Kofman, University of Melbourne

 

Section 1C:
Corporate Financial Distress and Style Analysis

A heuristic framework for ratio-based modeling of corporate collapse
Ghassan (Gus) Hossari, Deakin University
How do Australian Financially Distressed Firms Survive?
Nongnit Chancharat, University of Wollongong
Pamela Davy, University of Wollongong
Michael McCrae, University of Wollongong
Gary Tian, University of Wollongong
Soft clustering for funds management style analysis
Paul Lajbcygier, MonashUniversity

 

Section 2C:
Corporate Finance

Rights Offerings In Australia
Chander Shekha, University of Melbourne
Vladimir Atanasov, College of William and Mary
Investment-Cash Flow Sensitivity Versus Cash-Cash Flow Sensitivity: What Really Matters For Tunisian Firms
Salma Bejar, Tunis El Manar University, Tunis
Ezzedine Ababoub, Tunis El Manar University, Tunisia

 

Section 1D:
Market Microstructure and Investments

Are Australian Investors Smart?
Philip Gharghori, Monash University
Madhu Veeraraghavan, MonashUniversity
The Relationship Between The Information Content Of Trades And Frequency Of Public Information Release: The Role Of Informed And Uninformed Trading
Jianfeng Shen, National University of Singapore, Singapore
Srinivasan Sankaraguruswamy, National University of Singapore, Singapore
Takeshi Yamada, National University of Singapore, Singapore
Are Beta, Firm Size, Liquidity And Idiosyncratic Volatility Related To Stock Returns? Australian Evidence
Mike Dempsey, Monash University

 

Section 2D:
Portfolio Management

Australia's Equity Home Bias And Corporate Governance
Anil Mishra, University of Southern Queensland
Booms and Busts as Exchange Options: Valuing the Decision to Invest in and Disinvest from Emerging Markets
Stephen Miller, Monash University
Sector Rotation Over Business-Cycles
Jeffrey Stangl, Massey University, New Zealand
Ben Jacobsen, Massey University, New Zealand
Nuttawat Visaltanachoti, Massey University, New Zealand


Tuesday 25th September

 

1.30 ~ 3.00pm

3.30 ~ 5.00pm

Panel:
Franking Credit Valuation

John Handley, The University of Melbourne
Neville Hathaway, Principal, Capital Research
David Petrie, Merrill Lynch Australia

 

Panel:
Credit Risk

Iain Maclachlan, Head of Credit Modelling and Analytics, ANZ
David Robinson, Executive Director, Risk Analytics Advisory Group, Ernst & Young
James Marinopoulos, Head of Credit Risk Analytics & Research, Group Credit Portfolio & Models, National Australia Bank

Section 3A:
Macroeconomics and Financial Stability

The Transmission Of Interest Rate Changes In The New Zealand Economy
Amelia Pais, Massey University, New Zealand
The trade-off between bank fees and net interest margins
Barry Williams, Bond University
Gulasekaran Rajaguru, Bond University
Central Bank Independence And Governance And Inflation In Asia Pacific
Amirul Ahsan, Monash University
Michael Skully, Monash University
J. Wickramanayake, Monash University

 

Section 4A:
Banking Practice and regulation

Bank Competition In New Zealand And Australia
Donald Chan, Massey University, New Zealand
Christoph Schumacher, Massey University, New Zealand
David Tripe, Massey University, New Zealand
UCP 600: Letter Of Credit Rules Revised
Roberto Bergami, Victoria University
The Financial Services Reform Act 2001: An Empirical Analysis Of Its Effect On The Australian Banking Sector
John O'Brien, Carnegie Mellon University, USA
Colin Beardsley, Risk-Return Solutions Pty Limited

Section 3B:
Financial Market Cycles and Development

Banking Perspectives In The Asia Pacific
Kym Brown, Monash University
Michael Skully, Monash University
Political Cycles In The Australian Stock Market Since Federation
Andrew Worthington, GriffithUniversity
Political Cycles In US Industry Returns
Jeffrey Stangl, Massey University
Ben Jacobsen, MasseyUniversity

 

Section 4B:
Funds Management

Evaluating Active Management in Australian Mutual Funds
Terrence Hallahan, RMIT University
Identification of the Marketing Orientation in the Funds Management Industry
Terrence Hallahan, RMIT University

 

Section 3C:
Corporate Finance

Earnings And Dividend Information Contained In Bond Rating Changes
Asjeet Lamba, University of Melbourne
Steven T. Anderson, University of Otago, New Zealand
Gurmeet S. Bhabra, University of Otago, New Zealand
Harjeet S. Bhabra, Concordia University, Canada
Complete Dividend Signal
Ravi Lonkani, Chiang Mai University, Thailand
Sirikiat Ratchusanti, Chiang Mai University, Thailand
The Dividend Substitution Hypothesis: Australian Evidence
Christine Brown, University of Melbourne
James O’Day, University of Melbourne

 

Section 4C:
Asian Financial Market

Mean-Reversion Of Share Prices Of South Asian Emerging Stock Markets
Guneratne B Wickremasinghe, Victoria University
Bayesian Garch(1,1) Model For Fx Asian Crisis Market
Wantanee Surapaitoolkorn, SASIN At Chulalongkorn University, Thailand
Are Chinese Stock Markets Integrated with International Markets?
Scott Niblock, Southern Cross University
Keith Sloan, Southern CrossUniversity

 

Section 3D:
Funds Management

Selectivity And Market Timing Performance In A Developing Country's Fund Industry: Thailand's Equity Fund Case
Theeralak Satjawathee, Payap University, Thailand
KandiahJegasothy, Victoria University
The Effects Of Market Comovements On International Mutual Fund Managers' Portfolio Holdings
Eliza Wu, UNSW
Jerry T. Parwada, UNSW
Australian Equity Mutual Fund Size Effects
Richard Heaney, RMIT University

 

Section 4D:
Market Efficiency and Funds Management

The Decline Of Calendar Seasonality In The Australian Stock Exchange, 1958-2005
Andrew Worthington, Griffith University
A Refutation Of The Existence Of The Other January Effect
Steve Easton, University of Newcastle
Sean Pinder, University of Melbourne
A Heuristic Approach to Asian Hedge Fund Allocation
KF Phoon, Monash University
Victor Fang, Monash University