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Conference on Mergers and Acquisitions of Financial Institutions

November 30 and December 1, 2007

Although thousands of banks, securities firms, insurance companies, stock exchanges and other financial firms have engaged in mergers and acquisitions (M&A) over the past decade, the structure of financial services markets remains far from an equilibrium. Each year brings a new stream of M&As across geographic boundaries and product markets, as financial services firms continue to reposition in response to new technological, regulatory and competitive conditions. As the industry continues to shift and consolidate, future combinations will have important economic effects (e.g., financial market efficiency, competition, credit supply, economic growth) as well as political implications (e.g., home- vs. host-country regulation, protection of national champions).

The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank of Chicago and the Journal of Financial Services Research (JFSR) are pleased to announce a research conference at which these and related issues will be investigated. The conference will be held on November 30 and December 1, 2007, at the FDIC's L. William Seidman Center in Arlington, Virginia, located just across the Potomac River from Washington, DC.

The conference organizers seek new research on the following topics as they relate to financial institution M&As and financial industry consolidation:

Market power and anticompetitive behavior, Comparing and contrasting structural change in the U.S., the European Union and Asia, Efficient scale, synergies and productive efficiency at financial institutions, Supply of credit to small and medium enterprises (SMEs), Market-based finance vs. bank-based finance, Evolving business strategies at financial firms, Financial sector structure, cross-border entry, and economic growth, Cross-border regulation choice: home-country, host-country, or international agencies, Too-big-to-fail and other size-related risk issues, Innovations in financial, communication and information technologies, Merger performance: horizontal, cross-border and cross-industry, Corporate governance of financial firms, Growth via merger vs. organic growth and Financial instability and systemic consequences of consolidation.

Selected conference papers will appear in a special issue of the JFSR, edited by Robert DeYoung (FDIC), Douglas Evanoff (Federal Reserve Bank of Chicago) and Philip Molyneux (University of Wales). All papers will be subject to the JFSR's normal reviewing standards.

Papers must be received by July 31, 2007. Please submit manuscripts and full contact information as "pdf" attachments to an email sent to: Callforpapers@fdic.gov. Please name the file with your surname: "Surname.pdf."

The conference program will be announced in September 2007. Reasonable travel and lodging expenses will be paid for one author of each conference paper. For additional information, contact Bob DeYoung (rdeyoung@ku.edu; rdeyoung@fdic.gov), Douglas Evanoff (U.S. 312-322-5814; devanoff@frbchi.org) or Philip Molyneux (UK 44 1248 382170; p.molyneux@bangor.ac.uk).

Last Updated 06/5/2007 cfr@fdic.gov

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