The Paul Woolley Centre for the study of
Capital Market Dysfunctionality
UNIVERSITY OF TECHNOLOGY SYDNEY AUSTRALIA
Conference 2015 - Dr Chau Chak Wing Building
Thursday 8th October and Friday 9th October
Draft Programme
Are Financial Markets in the Eye of the Storm?
Day 1- Thursday 8th October
8.15am
Registration
8.45am
Welcome by Professor Glenn Wightwick (Vice President Research at UTS)
Session Chair:
Ron Bird
Keynote Addresses:

9.00am to 9.45am Professor Catherine Casamatta (Toulouse University)
Financial markets’ short-termism: designing incentives for the long term

9.45am to 10.30am Dr. Geoff Warren (CIFR)
Overcoming Short-termism: Long-term Investing as an Agency Problem
Break 10.30am to 11.00am
Day 1
Morning Session
8.45am to
12.50pm
Keynote Addresses:
 11.00am to 11.45am Professor Talis Putnins (UTS)
Regulation of dark trading: A tale of intended and unintended
consequences
 11.45am to 12.30pm Professor Kevin Davis (ACFS)
Looking Back on the Murray Inquiry
Debate Part 1

12.50pm –
1.45pm
Topic: That this house now agrees with Alan Greenspan's 2004 claim tha
"not only have individual financial institutions become less vulnerable to
shocks ... but the financial system as a whole has become more resilient
Affirmative: Tom Valentine
(MGSM)
Graham Harman
(Russell)
Negative: Ross Barry
(First State Super)
Brian Parker
(Sunsuper)
Lunch
Sponsored by
Page | 1
(10 Sept 2015
Updated)
The Paul Woolley
Charitable Trust
The Paul Woolley Centre for the study of
Capital Market Dysfunctionality
UNIVERSITY OF TECHNOLOGY SYDNEY AUSTRALIA
Conference 2015 - Dr Chau Chak Wing Building
Thursday 8th October and Friday 9th October
Session Chair:
Ron Bird
 1.45pm to 2.05pm Debate Part 1
Questions to the debaters and final determination of the winners
Capital Markets
 2.05pm to 2.40pm Dr. John Simon (RBA)
Low interest rate environments and risk
Day 1
Afternoon
Session
1.45pm to
5.15pm
 2.40pm to 3.15pm Professor James Morley (UNSW)
Debt and Financial Market Contagion
Break 3.15pm to 3.45pm
Superannuation
 3.45pm to 4.15pm Professor Susan Thorp (USYD)
Delegation, trust and defaulting in retirement plans
4.15pm to 4.45pm Professors Peter Dixon and Maureen Rimmer
(COPS, Victoria))
Superannuation within a financial CGE model of the Australian economy
 4.45pm to 5.15pm Dr. Kevin Liu (UNSW)
Perceived Value of using Superannuation to Purchase a Family Home

5.15pm
Close of Day 1
Sponsored by
Page | 2
(10 Sept 2015
Updated)
The Paul Woolley
Charitable Trust
The Paul Woolley Centre for the study of
Capital Market Dysfunctionality
UNIVERSITY OF TECHNOLOGY SYDNEY AUSTRALIA
Conference 2015 - Dr Chau Chak Wing Building
Thursday 8th October and Friday 9th October
Are Financial Markets in the Eye of the Storm?
Day 2 – Friday 9th October
Session Chair:
Danny Yeung
 9.00am to 9.45am Jiasun Li (UCLA)
Institutions vs Markets in Information Aggregation
Discussant: Professor Jin Yu (UNSW)
Day 2
Morning Session
9.00am to
12.30pm
 9.45am to 10.30am Professor Tony He (UTS)
High frequency trading and learning
Discussant: Professor Valentyn Panchenko (UNSW)
Break 10.30am to 11.00am
 11.00am to 11.45am Professor Catherine Casamatta (Tolouse)
Multiple Lenders, Strategic Default and Covenants
Discussant: Dr. Hardy Hulley (UTS)
 11.45am to 12.30pm Professor Peter Sarlin (Hanken School of Economics)
A framework for early-warning modeling
Discussant: Dr. Matthew Greenwood-Nimmo (Melbourne
12.30 – 1.30pm
Lunch
Sponsored by
Page | 3
(10 Sept 2015
Updated)
The Paul Woolley
Charitable Trust
The Paul Woolley Centre for the study of
Capital Market Dysfunctionality
UNIVERSITY OF TECHNOLOGY SYDNEY AUSTRALIA
Conference 2015 - Dr Chau Chak Wing Building
Thursday 8th October and Friday 9th October
Session Chair:
Paul Woolley
 1.30pm to 2,15pm Dr. Philip Gharghori (Monash)
Informed options trading around stock split announcements
Discussant: Professor Terry Walter (Sydney University)
Day 2
Afternoon
Session
1.30pm to
5.00pm
2.15pm to 3.00pm Professor Jianfeng Hu (Singapore)
Can information be locked up? Informed trading ahead of macro-news
announcements
Discussant: Dr. Philip Gharghori (Monash University)
Break 3.00pm to 3.30pm
 3.30pm to 4.15pm Dr. Guillaume Roger (Sydney)
Financial leverage and speculation
Discussant: Professor David Goldbaum (UTS)
 4.15pm to 5.00pm Dr. Matthew Greenwood-Nimmo (Melbourne)
What's Mine is Yours: Sovereign Risk Transmission during the European Debt
Crisis Discussant: Professor Eliza Wu (UTS)
5.00pm
Close of Conference
Map
Chau Chak Wing Building, Ultimo Road Ultimo
Sponsored by
Page | 4
(10 Sept 2015
Updated)
The Paul Woolley
Charitable Trust