Michael Jacobs Jr.: Presentations
Jacobs and Tandon, Term Structure of Interest Rate Models - International Empirical Evidence, FMA,  2001
Presentations and
Training Seminars
Jacobs, "Understanding and Predicting Ultimate Loss Given Default on Bonds and Loans", Financial Management
Association Annual Meeting, October 2007
Jacobs, "Construction and Validation of Econometric Models for Ultimate LGD on Bonds and Loans", OCC
Quantitative Risk Forum Meeting, Washington DC, October 2007
Jacobs, "Exposure at Default: Estimation for Wholesale Exposures", Accord Implementation Group Validation
Subgroup Meeting, Washington DC, May 2007
Jacobs, "Theoretical Modeling of Ultimate Loss-Give-Default: Undiversifiable Recovery Risk and Downturn
Effects", OCC Seminar: Credit Risk Modelling Discussion Group, February2008
Jacobs, "An Empirical Study of Exposure at Default", Moody's KMV Credit Practitioners Conference, Chicago,
IL, September 2008
Jacobs, Layish and Karagozoglu, "Understanding and Predicting the Resolution of Financial Distress", Risk
Management Conference 2008: 40 Years After the Altman Z-Score, Florence, Italy, June 2008
Jacobs and Karagozoglu, "Modeling the Time Varying Dynamics of Correlations: Applications for Forecasting and
Risk Management", XLII meeting of the Euro Working Group in Financial Modeling,Stockholm,Sweden, May 17,
2008
Jacobs, "An Empirical Study of Exposure at Default", 2009 Inter-agency Risk Quantification Forum, Philadelphia
Federal Reserve Bank, Philadelphia, PA, October 2009
Jacobs, "An Empirical Study of the Returns on Defaulted Debt and the Discount Rate for Loss-Given-Default",
OCC Credit Risk Analysis Division Seminar Series, Washington, DC, December 2008
Jacobs and Karagozoglu, "Models for Risk Aggregation and Sensitivity Analysis: An Application to Bank
Economic Capital", European FMA Annual Meeting, Turin, Italy, June 2009
Jacobs, “Models for Risk Aggregation and Sensitivity Analysis: An Application to Bank Economic Capital”,
PRMIA-CIRANO Luncheon, Montreal, November 2009.
Jacobs, “Validation of Economic Capital Models: State of the Practice, Supervisory Expectations and Results from
a Bank Study”, Risk-Incisive Media Training Conference “Economic Capital Modeling”, New York, NY, February,
2010.
Pinaki Bag and Michael Jacobs Jr., “An Exposure at Default Model for Contingent Credit Lines”, NYU Stern
School of Business International Risk Management Conference, Florence, Italy, 6-10.
Hulusi Inanoglu, Michael Jacobs Jr. and Robin C. Sickles,” Analyzing Bank Efficiency: Are “too-big-to-fail” Banks
Efficient?”, North American Productivity Workshop VI, Rice University, Houston, Texas (June 2-June 5, 2010).
Jon Frye and Michael Jacobs, Jr., “Adjusting for LGD”, Interagency Risk Quantification Forum, Washington DC,
March 2010.
Jacobs, Jr., M., and Kiefer, N.M., "The Bayesian Approach to Default Risk: A Guide", Info-Metrics Conference,
American University, Washington, D.C., September 24-25, 2010
Jacobs, Jr., M., "LGD Quantification", Wholesale IRB Training, U.S. Office of the Comptroller of the Currency,
Washington, D.C., September 29, 2010
Jacobs, Jr., M., "An option theoretic model for ultimate loss-given-default with systematic recovery risk and
stochastic returns on defaulted debt", 3rd Bank for International Settlement, World Bank and European Central
Bank Public Investors Conference, Basel, Switzerland,11-3-10.
Jacobs, Jr., M., "Quantitative Measurement and Management of Liquidity Risk in a Banking
Context",PRMIA/CIRANO Risk Practitioners Luncheon, Montreal, Canada, 10/26/10.
Jacobs, Jr., M., "An option theoretic model for ultimate loss-given-default with systematic recovery risk and
stochastic returns on defaulted debt", 69th Annual Meeting of the International Atlantic Economic Society,
Charleston, SC, 10-12-10.
Jon Frye and Michael Jacobs, Jr., “LGD Risk Resolved”, Chicago Federal Reserve Quantitative Congress, 10-29-10.
Jon Frye and Michael Jacobs, Jr., “LGD Risk Resolved”, Federal Reserve Board of Governors, Washington, DC,,
11-23-10.
Jon Frye and Michael Jacobs, Jr., “The Robust Approach to Downturn LGD”, Boston Federal Reserve Seminar,
Boston, MA, 11-22-10.
Jon Frye and Michael Jacobs, Jr., “LGD Risk Reconciled”, Chicago Federal Reserve Quantitative Congress,
Chicago, IL, 10-29-10.
Jon Frye and Michael Jacobs, Jr., “The Relation between Defaults and Losses”, 3rd International Risk
Management Conference, VU University, Amsterdam, NV, 6-17-11.
Jacobs, “Design of Economic Capital Models”, Risk-Incisive Media Training Conference: Measuring and Managing
Risk in Credit Portfolio”, New York, NY, March 28-29, 2011.
Jon Frye and Michael Jacobs, Jr., “The Relation Between Defaults and Losses”, First International Conference on
Credit Analysis and Risk Management, Oakland University, Auborn Hills, MI, July, 22, 2011.
Michael Jacobs, Jr., “The LGD Discount Rate for Basel II IRB Quantification: Requirements, Theory, Bank
Practice and Evidence”, Federal Interagency Risk Quantification Forum, U.S. Office of the Comptroller of the
Currency, Washington DC, June, 3, 2011.
Jacobs, Michael, “Risk Parameter Modeling for Credit Derivatives”, Risk-Incisive Media Training Conference: Managing
Counterparty Risk in Volatile Markets, New York, NY, November 10-11, 2011.
Jacobs, Michael, “Dodd-Frank and Basel III: Post-Financial Crisis Developments and New Expectations in Regulatory
Capital”, Pace University-Global Association of Risk Professionals, New York, NY, November 11, 2011.
Jacobs, Michael, “Regulatory Requirements and Expectations for Portfolio Level Counterparty Risk Management”, Risk-
Incisive Media Training Conference: Managing Counterparty Risk in Volatile Markets, New York, NY, November 10-11,
2011.
Michael Jacobs, Jr., "Parsimonious Exposure-at-Default Modeling for Unfunded Loan Commitments", Financial
Management Association Annual Meeting, Denver, CO, October 2011.
Michael Jacobs, Jr., " Analyzing the Long-Term Performance of the Defaulted Debt Market: Implications for Investors
and Risk Managers", Financial Management Association Annual Meeting, Denver, CO, October 2011.
Jacobs, Jr., M., “Quantitative Measurement and Management of Liquidity Risk in a Banking Context”, Henry Stewart
Series: Risk Management for Sovereign Institutions, January 2012.
Jacobs, Jr., M., “Models for Risk Aggregation and Sensitivity Analysis:    An Application to Bank Economic Capital”,
Henry Stewart Series: Risk Management for Sovereign Institutions, January 2012.
Jacobs, Michael, “Regulatory Requirements and Expectations for Portfolio Level Counterparty Risk Management”,
Professional Risk Management International Association Institute Risk Practitioners’ Luncheon, Montreal, Canada,
February 9, 2012.
Jacobs, Michael, “Stress Testing Credit Risk Portfolios”, Risk-Incisive Media Training Conference: Credit Risk
Management, New York, NY, March 19th, 2012.
Hulusi Inanoglu, Michael Jacobs Jr. and Robin C. Sickles,” Analyzing Bank Efficiency: Are “too-big-to-fail” Banks
Efficient?”, Measuring Economic Performance, Loughborough University, UK (March 22nd, 2012).
Inanoglu, H., Jacobs, Jr., and A.K., Karagozoglu, “Empirical analysis of bank capital and new regulatory
requirements for risks in trading portfolios”, International Risk Management Conference 2012: Global Standards for
Risk Measurement, Rome, June 18-19.
Jacobs, Michael, “US Regulatory Stress Testing: Implications for Large Banks”, Pace University G.A.R.P. Chapter
Meeting, New York, N.Y., November 11, 2013.
Jacobs, Michael, “Framework and Modeling Methodology: Loss Forecasting for Stress Testing”, Key Bank Stress
Testing and CCAR Symposium, Cleveland, OH, April 26, 2013.
Jacobs, Michael, “US Regulatory Stress Testing: Implications for Large Banks”, Annual Meeting of the American
Institute of Certified Public Accountants, Washington, DC, September 26, 2013.
Jacobs, Michael, “US Regulatory Stress Testing: Implications for Large Banks”, PRMIA 3rd Banking Ebvent,
Edmunton, Canada, February 26, 2014.
Jacobs, Michael, “Capital Management and CCAR:  Regulatory Expectations and Industry Practices”, Hofstra
University G.A.R.P. Chapter Meeting, New York, N.Y., December 3, 2014. .
Jacobs, Jr., "Emerging Trends in Model Risk Management", Accenture Consulting / Finance & Risk Services / Risk
Model, Methodologies & Analytics, December 2015.