Darius Palia

Strong, diverse views will fuel discussion on reforms at financial industry conference

Tuesday, November 6, 2012

The results of the presidential election will still be fresh on Friday, Nov. 9., when the Rutgers Business School and the Financial Institutions Center bring together a diverse group of industry experts to discuss the broad reforms that followed the 2008 financial crisis.

The conference, “Risk Management in a Fast-Changing Regulatory Environment” will delve into the current post-crisis regulation with a series of panel discussions that promise to produce an exchange of compelling viewpoints.

TAGS: Darius Palia Finance Rutgers Financial Institutions Center

Faculty Insight: Too Small to Survive? Possible consequences of Dodd-Frank Act

Tuesday, November 6, 2012

Darius Palia, a finance professor at Rutgers Business School, believes the sweeping reforms contained within the Dodd-Frank Act are proving to have a steep, unexpected price tag.

The two-year-old federal law, inspired by the collapse of the financial industry and the ensuing “Great Recession,” was intended to prevent another financial crisis by imposing new requirements for transparency, accountability and consumer protections.

TAGS: Darius Palia Faculty Insights Rutgers Financial Institutions Center

Faculty Insight: Collapse of Lehman Brothers proves a bank's size isn't all that matters

Tuesday, October 16, 2012

Darius Palia, a finance professor at Rutgers Business School, believes financial industry regulators have to be careful not to primarily look at the size of an institution when assessing the potential impact its failure would have on the industry. Based on the events that occurred after the collapse of Lehman Brothers in 2008, this is a limitation of rule-making and implementation under Dodd-Frank, according to Palia.

TAGS: Darius Palia Faculty Insights MBA Rutgers Financial Institutions Center Thought Leadership

With election results known, financial experts to debate implications for financial institutions at November 9th conference

Wednesday, September 26, 2012

Rutgers to host Financial Institutions Conference on “Risk Management in a Fast Changing Regulatory Environment” on November 9th, days after election results are known

Renowned experts in risk management and financial regulation are gathering at Rutgers Business School on November 9th to debate the implications for the financial institutions industry days after the election results are known.

TAGS: Alumni Banking Darius Palia Finance Rutgers Financial Institutions Center

Hubbard, Palia, & Yu on Discrimination in the Mortgage Market

Date: 
Tuesday, January 10, 2012

This paper examines evidence of lending discrimination in prime and subprime mortgage markets in New Jersey. Existing single-equation studies of race-based discrimination in mortgage lending assume race is uncorrelated with the disturbance term in the loan denial regression. At the individual loan-level, we show that race is correlated with both observable and unobservable risk variables, leading to biased coefficient estimates.

Professor Darius Palia joins JFQA Editorial Board

Monday, December 13, 2010

Professor of Finance and Economics Darius Palia was recently asked to join the Editorial Board as an Associate Editor of the top-rated finance journal Journal of Financial and Quantitative Analysis (JFQA).

TAGS: Darius Palia Journal of Financial and Quantitative Analysis

President’s plan a sigh of relief for small firms

Date: 
Monday, December 14, 2009
Location: 
Somerset, NJ

Overall, “the good thing about Obama’s plans is that they’re targeted,” said Darius Palia, a finance and economics professor at Rutgers Business School and the founding director of Rutgers Financial Institutions Center. “The problem is that he originally pledged to slash the national budget deficit by the end of his first term, and stimulus programs like these make that an unlikely prospect. I’d have liked to see more infrastructure and small-business focus in the first stimulus package

TAGS: Darius Palia Faculty

TD Bank scrambles to fix glitch

Date: 
Thursday, October 1, 2009
Location: 
Asbury Park, NJ

Professor of finance and economics Darius Palia is quoted in a story about the recent TD Bank computer glitch. Experts said computer glitches in bank mergers, while not uncommon, are the type of problem that can keep executives up at night. "I don't think it's a big risk in the scheme of things, but it depends how long this goes," said Palia. Most banks will have some problems. The question is, how long and how deep is it?"

TAGS: Darius Palia Faculty

Symposium on the Future of Banking: Opportunities and/or Regulatory Overreach

Last Occurrence: Friday, November 1, 2013 9:00am - 11:30am
Newark Campus: Englehard Hall, Room 100

Newark Campus, Englehard Hall, Room 100

 

Agenda

Welcome and Introductions
9:00 - 9:15am 

Darius Palia, Host
Thomas A. Renyi Chair in Banking, Founding Director, Rutgers Financial Institutions Center
Art Certosimo, Moderator
CEO, Global Markets, BNY Mellon

 

How to Manage a Fast Growing Bank in the New Regulatory Environment
9:15 - 9:45am 

Kevin Cummings
President and CEO, Investors Bank

 

Issues in Banking: A Corporate Governance and Regulator Perspective
9:45 - 10:15am 

Raymond G. Hallock
Director; Retired President and CEO, Columbia Bank

 

Managing a Small Community Minority Owned Bank in the New Regulatory Environment
10:15 - 10:45am 

Preston Pinkett III
President and CEO, City National Bank of New Jersey

 

Community Banking - A Career Opportunity
10:45 - 11:15am 

Donald J. Musso
President and CEO, FinPro, Inc.

 

Discussion Wrap-Up
11:15 - 11:30am 

Darius Palia and Art Certosimo deliver closing remarks.

 

About Financial Institutions Center

The Symposium on the Future of Banking: Opportunities and/or Regulatory Overreach is hosted by the Financial Institutions Center (FIC) at Rutgers Business School. FIC strives to be the Interface and Think Tank between industry, regulators and academia. The Center seeks to serve industry leaders and practicing professionals through research conducted by the Center and conferences on topical issues of concern to the industry. The primary themes of research will focus on the unique regulations imposed by regulatory agencies. To learn more about FIC, email the Founding Director, Darius Palia, Professor, Finance and Economics at Rutgers Business School, Thomas A. Renyi Chair in Banking.

TAGS: Banking Darius Palia Rutgers Financial Institutions Center

Financial Institutions Conference: Risk Management in a Fast Changing Regulatory Environment

Last Occurrence: Friday, November 9, 2012 8:30am - 3:45pm
Newark Campus: 1 Washington Park, Room 220

Presidential candidates Romney and Obama heatedly debated whether to repeal and replace or to pursue Dodd-Frank regulations.

Be the first to shape the post-election conversation on navigating future enforcement and the new levels of compliance needed.

REGULATION: Enforcement is coming. Compliance is required.

TAGS: Banking Conference Darius Palia Finance Rutgers Financial Institutions Center

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