Supervisory Research Forum

Join SURF

Join the SURF community to receive quarterly information about upcoming SURF sponsored events. You can also contact us at SYS.SURF@phil.frb.org. We welcome your interest and feedback.

Events

We sponsor seminars, panels, workshops, and conferences in consumer finance, financial innovations, digitalization, payments, financial climate risks, and, more broadly, supervision and financial stability.

Forthcoming events:

• The Philadelphia Fed will hold its Seventh Annual Fintech Conference at the Federal Reserve Bank of Philadelphia.

Highlights from recent events:

The Supervisory Policy Forum (SURF) in partnership with the Federal Deposit Insurance Corporation (FDIC) collaborated in the latest meeting of our SURF interagency seminar series. In this seminar Professor Maziar Peihani presented his work on “Resolution of Small and Medium-Sized Institutions: Back to Basics?.”

The Consumer Finance Institute (CFI) and the Supervisory Research and Policy Forum (SURF) co-organized the Fourth Workshop on Payments, Lending, and Innovations in Consumer Finance on October 26–27, 2022.

View additional prior events in our Youtube playlist and our events repository. Visit also our Calendar of Events.

Recent Research from the SURF Network

The SURF community is actively involved in advancing the frontier of knowledge in risk management, financial institutions, and financial markets. Here we highlight some of the most recent research and policy work.

• Why Are Residential Property Tax Rates Regressive? – Natee Amornsiripanitch
• Inequality in the Time of COVID-19: Evidence from Mortgage Delinquency and Forbearance – Xudong (Sean) An, Larry Cordell, Liang Geng & Keyoung Lee
• Climate Change and Consumer Finance: A Very Brief Literature Review – José Canals-Cerdá & Raluca A. Roman
• Understanding Older Student Loan Borrowers – Charlie Gallagher & Sílvio Rendon
• The Future of Cash – Solomon H. Tarlin
• A Tale of Two Bailouts: Effects of TARP and PPP on Subprime Consumer Debt – Allen N. Berger, Onesime Epouhe & Raluca A. Roman

View prior highlighted research.

Contact us if you would like to propose research to be highlighted in the SURF webpage.

Other News of Interest to the SURF Network

The Federal Reserve Board issued its latest biannual Supervision and Regulation report, which summarizes banking conditions and supervisory and regulatory developments. The report indicates that financial conditions remained sound as almost all banks reported capital above regulatory minimums, liquidity remained ample, and delinquencies were historically low. However, credit risk has increased, and banks have increased their loss provisions in anticipation of future low deterioration.

The Board of Governors of the Federal Reserve System released the hypothetical scenarios for its annual stress test, which helps ensure that large banks are able to lend to households and businesses even in a severe recession. This year, 23 banks will be tested against a severe global recession, with heightened stress in both commercial and residential real estate markets as well as in corporate debt markets.

The Federal Reserve has published the Large Institution Supervision Coordinating Committee (LISCC) Program Manual. The manual describes the structure, governance, supervisory process, and communication methods that the Board of Governors uses when supervising large, systemically important firms.

The Federal Reserve Board announced its first pilot climate scenario analysis exercise involving the six largest banks. The exercise is designed to enhance supervisors and firms understanding of climate-related financial risks.