Dear Colleagues and Friends,

It is our pleasure to invite you to attend the 14th International Conference on Credit Risk Evaluation Designed for Institutional Targeting in finance.

The objective of the Conference is to bring together academics, practitioners and PhD students working in the area of risk management. The conference this year focuses on Societal Fault Lines and Credit Risk: The Impact of Current Economic, Institutional and Political Developments on Credit and Risk and will provide an opportunity for participants engaged in research at the forefront of this area to discuss both the causes and implications of recent events in financial markets and may, in turn, suggest fruitful directions for future research. The Conference is the fourteenth of a series dedicated to various aspects of credit risk.

The co-sponsors of the Conference are GRETA Associati (Venice, Italy), Research Center SAFE at Goethe University Frankfurt (Frankfurt, Germany), the University of Zurich (Zurich, Switzerland) and Intesa Sanpaolo (Milan, Italy). The Conference is organised under the auspices of the Department of Economics of the University Ca’ Foscari of Venice, ABI - Italian Banking Association and European Investment Bank.

The organizers encourage submissions of papers on any topic within the overall theme of the conference and in the following areas in particular:

• Wealth inequality, firm financing and credit risk: Is local wealth inequality affecting the quality of institutions and the choice over market versus bank finance, and thereby determining corporate finance and credit risk outcomes?
• Home ownership and credit risk: Are measures promoting home ownership or financial innovations responding to an increase in ownership demand, for example, resulting in more credit risk?
• Collateral availability, credit and risk: Is the availability of collateral determining credit granting and credit risk?
• Banking supervision and credit risk: Is the level and quality of bank supervision leading to an optimal level of credit risk? What is the impact of the institutional organization of banking supervision on credit risk?
• Central bank policies and credit risk: Are monetary conditions drivers of bank credit risk taking? Under all circumstances?

The final program will include both submitted and invited papers. Acceptances received from invited speakers include Viral V. Acharya (New York University), Mark Carey (Board of Governors of the Federal Reserve System), Hayne Leland (University of California, Berkeley) and Vikrant Vig (London Business School). The Conference will also feature a panel discussion on researchers' and practitioners' views of the major outstanding problems.

The Scientific Committee

Steven Ongena, University of Zurich, Programme Chair

Mark Carey, Board of Governors of the Federal Reserve System

Hans Degryse, KU Leuven

Jan Pieter Krahnen, SAFE & Goethe University

André Lucas, VU University Amsterdam

Loriana Pelizzon, SAFE, Goethe University Frankfurt, Ca’ Foscari University of Venice & GRETA

Stephen Schaefer, London Business School

The Local Organisers

Davide Alfonsi, Intesa Sanpaolo

Monica Billio, Ca’ Foscari University of Venice & GRETA

Andrea Giacomelli, GRETA

Reint Gropp, SAFE & Goethe University Frankfurt

Loriana Pelizzon, SAFE, Goethe University Frankfurt, Ca’ Foscari University of Venice & GRETA

Domenico Sartore, Ca’ Foscari University of Venice & GRETA