International Conference on Credit Analysis and Risk Management

Hosted by the Enterprise Risk Analysis Institute, a part of the Center for Business Research and Education (CIBRE), and the Department of Accounting and Finance at Oakland University's School of Business Administration

July 21-23, 2011
Oakland University
Rochester, Michigan, USA
 

Advancing knowledge through the merging of practitioner and academic knowledge and expertise

The recent global financial crisis has exposed a weakness in credit analysis in the financial system. This conference is intended to expand the knowledge of credit analysis through discussion of existing models of analyzing credit risk and the encouragement of further development of such models.

The conference will include experts from both academia and industry talking on the subject of credit analysis and how processes for the evaluation of credit can be improved. While a significant portion of the conference will be related to such speakers and panel discussions that will be opened up to the floor, research papers on credit analysis are also being invited for presentation.

Speeches from financial practitioners on methods of evaluating credit risk, panel discussions that will feature a mix of experts from both academia and practice, and presentations of research on credit analysis. Attendance or participation for any portion of the conference is likely to be beneficial to all.

Conference Sponsors

The School of Business Administration’s Center for Integrated Business Research and Education (CIBRE) at Oakland University and its Department of Accounting and Finance is proposing to jointly establish an Enterprise Risk Analysis (ERA) Institute to foster academic and practitioner research and interaction in all aspects of enterprise risk, including credit and bankruptcy, audit, information systems and business risks. For the successful enterprise, these risks need to be assessed, analyzed, forecasted, managed and controlled. The ERA Institute will help facilitate this success.

The ERA Institute is sponsoring this international conference, including this year’s conference will keynote speaker NYU’s Edward Altman of Altman z-score fame, to bring together scholars and practitioners from around the world to examine and explore important issues related to credit analysis. 

models.

Silver Sponsor

Keynote Speakers

• Lawrence Mielnicki, PNC

• Uday Rajan, University of Michigan, on the importance of using “soft” information in credit analysis

• Erik HeitField, Federal Reserve Bank, on the limitations of using only statistics in credit analysis

Other Speakers

• Patrick Sperti, Fifth Third Bank

• Joseph Breeden, Strategic Analytics

Program agenda (pdf) highlighing concurrent sessions here.

Registration Information

The registration fee of $195 permits attendance and discussion at all workshops and events that include a choice of different topics and papers for each time slot for the Thursday-Saturday conference (July 21-23, 2011). 

Suggested area hotel information here.

Register online here.  Registration deadline is July 8, 2011. 

Location & Things To Do

Rochester, Michigan, USA, in a suburb of Detroit, which itself is only a tunnel ride away from Canada under a beautiful river.

Find out more about Rochester and the Metro Detroit area here.
More information about Oakland University and the surrounding community here.

Maps & Directions
Directions to Oakland Univeristy.

Mapquest directions from Detroit Metro Airport to Oakland University's Campus: 
 
Printable Oakland University Campus Map
Elliott Hall item 3 on map
Recommended parking: P36

 

Call For Papers, Abstracts and Panel Discussion Ideas

Deadline for paper or abstract submission

April 15, 2011 (submit electronically to jamurphy@oakland.edu). Authors will be notified by April 30, 2011.

Selected papers will be invited for submission to a special issue of the Journal of Credit Risk devoted to the conference

Research Papers and Abstracts Solicited

Especially welcome are structural models designed to detect the capacity of debtors to make mandatory cash payments on their liabilities. However, reduced form statistical models that estimate the probability of bankruptcy are also welcome, particularly if they can be integrated with parameters that incorporate human judgment, such as with respect to forecasting. Methods of estimating the payoff on debts in default are also valuable, whether they are based on a fundamental analysis of the priority of claims in bankruptcy or draw exclusively on statistical relationships and agency credit ratings.

Also invaluable are any theoretical or empirical models that estimate the systematic risk of debts and the premium required for such systematic risk. Further work on analyzing the premium required for the illiquidity of individual debts is also important. Papers analyzing the effect of other factors on the required return on debts subject to default risk are also very welcome for this conference on credit analysis, including investigations into the premium yields required for call or prepayment risks.

Abstracts and Papers on Related Topics Welcome

• Credit analysis and credit ratings
• Credit portfolio models and limitations
• Credit derivatives (including CDOs, CLOs, CMOs, and CDSs)
• Securitization and structured finance
• Model risk in credit models
• The future of regulation
• Risk Analysis and Management

Paper and Abstract Submissions

Submissions of both completed papers and abstracts are welcome. Ideas and volunteers for panel sessions are also encouraged. Accepted papers will be presented in half hour time slots, with questions and discussion being allowed throughout that time. The goal of the conference is to open up urgently needed information flows between academics and practitioners in the vital area of credit analysis, thereby generating new lines of communication and revolutionary ways of thinking, as well as novel ideas.

Authors wishing to submit their presented ideas as a paper for consideration for publication in the special issue of the Journal of Credit Risk will be allowed and encouraged to revise their work after the conference to take advantage of the productive flow of ideas there.

Program Co-Chairs

Joseph H. Callaghan (Oakland University); for information:

callagha@oakland.edu

J. Austin Murphy (Oakland University); for submissions and information:

Harald Scheule (The University of Melbourne); for information:

hscheule@unimelb.edu.au