Systemic Risk Centre

Lead Research Organisation: London School of Economics & Pol Sci
Department Name: Finance

Abstract

Systemic financial risk and the impact of financial risk spilling over to the real economy, is one of the greatest threats facing the UK economy. The Centre research on systemic risk (SR) will be guided by academic principles and rigour, drawn from decision sciences, sociology, evolutionary biology, political economy and computer science, in addition to our core areas of finance, statistics and economics. We would be tempted to label it the "Systemic Risk 2.0 Centre." We propose to focus on 4 interrelated themes.
1. Endogenous risk, financial policy and risk forecasting
2. Computer-Based Trading (CBT), High-Frequency Trading (HFT) and endogenous market crashes
3. The impact of rules and decision-making
4. Network risk
While it is clear to any observer that the financial system is made up of individuals who in aggregate determine outcomes, surprisingly most models used assume the opposite, that risk is largely exogenous with extreme outcomes supposedly dropped onto financial markets by an outside force. The reason for this is that it is hard to model risk when it is endogenous, so most find the paradigm of exogenous, albeit large, risk to provide an acceptable balance between ease and reliability. But SR by definition involves the entire system with its myriad actors linked together through subtle and endogenous networks and reacting to endogenous news, prices, rules, laws and political processes. By applying endogenous risk and network analysis we can directly identify channels for the creation of SR via the various feedback loops inherent in the financial system.
Experience suggests that endogenous and SR is ever present throughout the financial system and emerges at the confluence of different fields. The Centre research will therefore be interdisciplinary by design. A narrow research focus, based on a single discipline, is unlikely to provide much headway in the understanding of SR. Furthermore, the analysis of the behaviour of an entire system has a long history in the natural sciences. The Centre is able to draw on some of the leading experts in this field looking for a partner to applying their insights to finance. A similar natural fit can be found with computer science. Crashes through sudden coordinated selling have been endemic throughout history, but their danger is becoming more immediate with the presence of CBT as more trading is done by unthinking algorithms that follow mechanical rules at speeds making supervision physically impossible while little about the structure of markets itself is commonly known, leading to second guessing of second guesses. Such uncertainty is further deepened by the nature of the balance-sheet and trading networks which are only starting to be analysed.
One of the highest concerns to society is the design of informed rules (e.g. laws, accountancy standards etc.) and regulations that prevent the build-up of such SR and allow feedback loops to be cut once they operate. Unfortunately, regulating markets is fraught with difficulties, not least because of the law of unintended consequences that pervades finance. It is tempting to argue that if any one actor acts safely, then the system altogether is safe. To go beyond this partial equilibrium based fallacy of composition forms a major impetus of our work and leads to robust regulations. Furthermore, such rules are themselves endogenous. It is impossible to understand SR without attention to the political aspects of decision-making that can either lead the authorities to be captured by special interests, stall excessively on decision-making or provide robust resolution of a crisis. In that sense, SR is significantly politically constructed as society has created complex that were all the outcomes of political struggles and compromises. Through our close relationships, the output of the Centre directly impacts policy making and supervision, and the Centre in return is itself informed by policy makers' needs and interests.

Planned Impact

Central banks (CB) and banking supervisors
The Centre will have impact through existing relationships with key contributors; instrumental impact through influencing the development of policy, practice, and service provision; and capacity building impact through the engagement of junior academics and researchers.
We have strong relationships with the Bank of England (BoE) including senior Bank executives Paul Tucker, Andy Haldane and Anne Wetherilt. Shin advised the BoE 00/05. Yuan was the Houblon-Norman fellow 09/10. Together with Julliard and Wetherilt, Yuan is currently engaged on an empirical network estimation exercise with restricted Bank data. Zigrand is engaged on a project with Wetherilt and Panayi (UCL) and expects to start working with Lord May and Kapadia (BoE) on networks. We have a strong relationship with the Bank's CCBS, exporting Centre output via CCBS courses throughout international CBs. We have agreed on the Bank's future participation in joint projects, delivering research insights directly to beneficiaries.
We regularly work with CBs, e.g. ECB, NY Fed, Austria, France, Netherlands, Iceland and Luxembourg, and contribute to their high-visibility publications, promoting the Centre. Shin has strong links with BIS (adviser 01/03). Danielsson is presenting his work on systemic risk (SR) of the UK treasury and soon to the CBs of Belgium and Netherlands, and a high-level conference at the ECB. We anticipate formalising all of these links in knowledge transfer through the Centre.
We enjoy strong relationships with the FSA, moreover, Lord Turner is an LSE visiting professor and Bassani (FSA) is an FMG research associate. We are proud to have the European Banking Authority (EBA) and its chairman, Andrea Enria, as a formal partner to the Centre. Informing policies at this high level is crucial, and our impact may be larger than at local level, primarily via the breakfast series. Plantin is a member of the Scientific Committee of the French Prudential Supervisory Authority, allowing the Centre to inform the insurance regulators in bilateral discussions.
Government organizations
The UK Treasury is a formal partner of the Centre and expects to benefit significantly. Shin advised the President, Republic of Korea. Zigrand is a lead expert to the Treasury-Foresight project on the Future of Computer Trading, led by Sir John Beddington, where he informs the Treasury Minister. He has been an adviser to the EC. Danielsson gave evidence to the Treasury Select Committee of the UK parliament and to the Economic Affairs Committee, House of Lords, as well as chairing events at European Parliament. We intend to continue this engagement especially via the breakfast series.
Commercial organisations
We have established a partnership with the most important provider of SR relevant data, Markit. Their data contribution is a coup. They are equally excited about our research (e.g. devising a commercial SR indicator) and McNerney is on the Centre's scientific advisory board.
Financial institutions benefit from research on how to estimate and understand SR, not least because of the regulatory costs of capital and liquidity buffers. We have strong links with banks, e.g. Deutsche (their CEO, Vice Chairman and CRO are frequent visitors or visiting professors at LSE). We partner with insurers through AXA-FMG programme. Zigrand is in contact with trading venues, HFTs and clearers through Foresight.
Skills
Junior researchers in the Centre will interact with stakeholders who will do capacity building' through technical/personal skill development.
Media and Public
The Centre will be a natural point of contact to inform the media and public, being the only such independent Centre. We employ a part-time communications officer to manage traditional academic knowledge exchange methods, such as conferences, seminars, and publications, alongside new social media like twitter and blogs, to continuously engage the above beneficiaries.

Organisations

 
Description 1. Model risk and uncertainty in measuring systemic risk. The financial authorities and private sector firms are actively searching for empirical methodologies for measuring systemic risk. In a series of papers we have shown that most measures currently used are defective, too sensitive to the empirical methods used and reactive rather than predictive. These studies have sharpened regulators' concerns about the scope of their current models. SRC also established a subfield of research dealing with frameworks for measuring model risk, the risk of making wrong decisions with models or choosing the wrong model when facing uncertainty. Being aware of the pitfalls of current methodologies and giving decision-makers the ability to assess the reliability of the statistical methodologies they have to choose from, we show how quality of both macroprudential policy and internal management of risk can be significantly improved, including risk to the trading book (incl. derivatives and repos) and the banking book.
2. Drivers of systemic risk. We established an agenda on forward-looking risk measures.
It has long been surmised that periods of low perceived risk motivate economic agents to increase their risk-taking activities, in extremis culminating in a financial crisis. This has remained the hypothesis and not verifiable empirically. While most traditional statistical models are not useful in forecasting systemic events because they do not incorporate the underlying economics if the build-up, work at the SRC is the first to empirically demonstrate such a connection. For instance, low volatility significantly increases the chance of a banking crisis up to 10 years into the future. In addition, this work formally shows that low volatility can serve as an early warning indicator. Work at the SRC has also exhibited successful methods to improve predictions in the stock markets, in shifts in GDP trend growth, in bank shock transmissions, in carry-trades and in cross-border financing.
3. Underlying this is a long list of SRC papers that have influenced thinking in academia and the real world about the procyclical forces operating when building up actual risk, and how the network structure can create especially vicious and unexpected dynamics. Papers have shaped thinking on the systemic effects of intermediation and custody chains, on bank-shadow bank relations, of domino effects in the Eurozone, of accounting regimes, of carry trades, fire sales, procyclical activist investing etc.
4. SRC has taken a leading role in developing the burgeoning field of macroprudential policy. Through our relationships with policy makers, we have also been able to highlight our many macroprudential themed research papers at the SRC, be they on procyclicalities in macro-pru, the interactions between macroprudential and monetary policy, macro-prudential and leverage cycles or what macro-prudential in computer-based markets.
Our research findings on macroprudential stress testing led to a joint SRC-IMF white paper, with the active participation of leading policy authorities, such as the Bank of England, the ECB, reserve Bank of India and the Bank of Japan.
Exploitation Route We know the findings of the SRC have been taken forward by academia, policymakers and private sector companies. The research of the SRC has been at the front year of academic investigations and academic researchers in other institutions have already been using SRC output in their own work to a significant degree. The SRC started with close connections with key policymaking bodies and has continued to develop those relationships, and the work of the SRC, both academic research and policy analysis will have direct impact on the evolution of financial regulations and especially macro prudential policies. Private sector institutions concerned with tail risk and systemic risk, and the impact of policy environment on their operations have increasingly been seeking advice from the SRC. This includes both smaller firms in the rapid growth phase and some of the largest financial institutions, up to and including the highest levels of management. Many students at LSE and UCL have benefited from our research and from the access to the data sources the SRC has secured.
Sectors Financial Services, and Management Consultancy,Government, Democracy and Justice

 
Description The impact of SRC has been, in two policy areas, the fostering of global economic performance as well as the effectiveness of public services and policy. This is achieved via the following channels. The UK depends on its financial sector for its economic well-being to a higher degree than most of the large industrialized countries. This makes the UK especially vulnerable to systemic risk, the chance that a major financial crisis causes a recession, which in turn presents difficult challenges. Should the UK significantly reduce the size of the financial system to minimize the danger posed by it or find a way to address the most dangerous aspects in the most cost-effective way. The SRC work has had significant impact on the latter. By better understanding the nature of systemic risk, how it arises and how it can be managed, policies can be effectively targeted to the most relevant aspects and not be wasted elsewhere. This can be identified by several milestones, which represents the culmination of SRC work. In 2014 the SRC along with a private financial institution, Goldman Sachs, organized an event, which included ministerial representation from the UK and Germany, on the Capital Markets Union and how to achieve growth in the small and medium-sized enterprise sector. In 2015, the SRC along with the IMF and the ECB, and with participation from the Bank of England, organized an event on stress testing, which further led to a high-level event in IMF headquarters in 2016 and will culminate in an IMF- SRC white paper on macroprudential stress testing.
First Year Of Impact 2014
Sector Financial Services, and Management Consultancy,Government, Democracy and Justice
Impact Types Economic,Policy & public services

 
Description Danielsson - artificial intelligence and financial stability. Meeting in Bank of England
Geographic Reach National 
Policy Influence Type Participation in a advisory committee
 
Description Micheler - Bank of England
Geographic Reach National 
Policy Influence Type Citation in other policy documents
 
Description Micheler - research on securities law has had impact that could be relevant for REF. Eva Micheler has been contacted by and is now on the advisory board of a fintech company, Equichain, which is building a blockchain/distributed ledger based holding system. They are using her work to explain the shortcomings of the current infrastructure to potential clients and that enables them to better promote the system they are trying to develop (contact: Nick Bone, CEO).
Geographic Reach National 
Policy Influence Type Participation in a advisory committee
 
Description Paolo Tasca - Permanent Member ISO TC307 and Member DLT/1 Technical Committee, British Standard Institution, London
Geographic Reach National 
Policy Influence Type Membership of a guideline committee
 
Description Zigrand - Bank of England macroprudential advisory committee
Geographic Reach National 
Policy Influence Type Participation in a advisory committee
 
Description ATLANTIS - Digging into High Frequency Financial Data: present and future risks and opportunities
Amount £842,794 (GBP)
Funding ID ES/R004021/1 
Organisation Economic and Social Research Council 
Sector Public
Country United Kingdom
Start 08/2017 
End 07/2020
 
Description AXA Research Award (Systemic Risk in Non-Democracies: What Determines the Political Consequences over the Long Run? PI: Chwieroth)
Amount € 250,000 (EUR)
Organisation AXA 
Department AXA Research Fund
Sector Private
Country France
Start 01/2016 
End 01/2019
 
Description Capital Markets Union Research Programme
Amount £200,000 (GBP)
Organisation Deutsche Börse 
Sector Private
Country Germany
Start 12/2016 
End 11/2018
 
Description Donation - Marlowe Capital Ltd
Amount £4,000 (GBP)
Organisation Marlowe Capital Limited 
Start 04/2017 
End 04/2018
 
Description Donation from Mizuho International plc
Amount £22,000 (GBP)
Organisation Mizuho International plc 
Sector Private
Country United Kingdom
Start 03/2014 
End 10/2017
 
Description Donation from Rudd Family Foundation
Amount $12,477 (USD)
Organisation Rudd Family Foundation 
Sector Private
Country Unknown
Start 09/2015 
End 09/2016
 
Description EPSRC Distributed Ledger Technology - Blockchain technology for Algorithmic Regulation And Compliance (BARAC)
Amount £609,382 (GBP)
Funding ID EP/P031730/1 
Organisation Engineering and Physical Sciences Research Council (EPSRC) 
Sector Academic/University
Country United Kingdom
Start 04/2017 
End 03/2019
 
Description ESRC IAA NPIF industry secondment for Early Career Researchers (ECR) - Alper Odabasioglu
Amount £55,764 (GBP)
Organisation Economic and Social Research Council 
Sector Public
Country United Kingdom
Start 07/2018 
End 03/2019
 
Description ESRC-NSFC Call for Collaborative Research Developing financial systems to support sustainable growth in China
Amount £551,530 (GBP)
Funding ID ES/P004237/1 
Organisation Economic and Social Research Council 
Sector Public
Country United Kingdom
Start 01/2017 
End 12/2019
 
Description Marie Sklodowska-Curie Individual Fellowships (Panayotis Michaelidis) Capital Markets Union Programme
Amount € 183,455 (EUR)
Organisation European Commission 
Sector Public
Country European Union (EU)
Start 09/2018 
End 08/2020
 
Description Microsoft Azure Research Award
Amount $20,000 (USD)
Organisation Microsoft Research 
Sector Private
Country Global
Start 03/2016 
End 03/2017
 
Description Collaboration with Bank of England 
Organisation Bank of England
Country United Kingdom 
Sector Public 
PI Contribution Researchers such as Ron Anderson and Jon Danielsson contributed their expertise in the research into stress testing and financial regulation. A joint workshop on Modelling Risk Amplification Mechanisms for Macro-prudential Policymaking was organised in December 2016.
Collaborator Contribution The Bank of England provided expertise in stress testing and co-organised the workshop and provided expert logistical support..
Impact A workshop on Modelling Risk Amplification Mechanisms for Macro-prudential Policymaking was successfully organised in December 2016.
Start Year 2016
 
Description Collaboration with Centre for Macroeconomics 
Organisation London School of Economics and Political Science (University of London)
Department Centre for Macroeconomics (CFM)
Country United Kingdom 
Sector Academic/University 
PI Contribution Collaboration with Centre for Macroeconomics on organisation of events and workshops as well as research activities
Collaborator Contribution Their expertise input and connections
Impact Events and workshops
Start Year 2013
 
Description Collaboration with Department of Management, LSE 
Organisation London School of Economics and Political Science (University of London)
Department Department of Management
Country United Kingdom 
Sector Academic/University 
PI Contribution Collaboration with Department of Management, LSE on organisation of events and workshops as well as capacity building research activities
Collaborator Contribution Their expert input and connections
Impact Workshops
Start Year 2013
 
Description Collaboration with Financial Conduct Authority 
Organisation Financial Conduct Authority (FCA)
Country United Kingdom 
Sector Public 
PI Contribution Jon Danielsson and Kevin James contributed to the formulation of the scientific programme of the joint conference "Understanding Financial Market Effectiveness: New Approaches" co-organised with the FCA in February 2016 and the joint conference "Schumpeter, Minsky, and the FCA: Exploring the links between financial regulation, growth, and stability" in June 2017.
Collaborator Contribution The FCA contributed towards the costs of speakers' expenses, provided administrative support, and also organised media activities.
Impact The conference "Understanding Financial Market Effectiveness: New Approaches" was successfully held in February 2016. Conference "Schumpeter, Minsky, and the FCA: Exploring the links between financial regulation, growth, and stability" was successfully held in 2017.
Start Year 2016
 
Description Collaboration with Financial Market Infrastructure Directorate at the Bank of England (Braithwaite) 
Organisation Bank of England
Country United Kingdom 
Sector Public 
PI Contribution Jo Braithwaite has been developing links with the Financial Market Infrastructure Directorate at the Bank of England, including co-organising two events in 2017, one of which will be a research workshop at LSE (9 May 2017) and one of which will be a global conference on financial market infrastructure to be held in Amsterdam in June 2017. Braithwaite contributes her legal expertise in these areas.
Collaborator Contribution The partners have been working together to organise relevant events for the intended audience.
Impact Research workshop at LSE (9 May 2017), a global conference on financial market infrastructure held in Amsterdam in June 2017, and Financial Stability Paper NO. 37.
Start Year 2017
 
Description Collaboration with Financial Markets Group, LSE 
Organisation London School of Economics and Political Science (University of London)
Department Financial Markets Group Research Centre
PI Contribution Joint events organised with Financial Markets Group, LSE. Our team contributes expertise in systemic risk research, macroprudential policy, and financial regulation and crises.
Collaborator Contribution The Financial Markets Group, LSE, have contributed their expertise in financial markets research.
Impact Jointly organised events: Conference on The Future of Computer Trading in Financial Markets on 11th January 2013; Panel discussion on Unintended Consequences of the New Financial Regulations 11th March 2013; Conference on Economic Networks and Banking Conference on 5th July 2013; Conference on The Global Reform of Financial Regulation and Architecture: How to Balance Safety and Efficiency on 17th Sept 2013; Economic Networks and Finance - Conference on 3rd Oct 2014; Conference on Stress Testing and Macro-prudential Regulation: A Trans-Atlantic Assessment on 29-30th Oct 2015; Third Economic Networks and Finance - Conference on 11th Dec 2015; Conference on Understanding Financial Market Effectiveness: New Approaches on 19-20 Feb 2016; Public lecture on The Single EU Capital Market: progress and challenges on 23rd May 2016; Fourth Economic Networks and Finance Conference on 9th Dec 2016.
Start Year 2013
 
Description Collaboration with International Monetary Fund 
Organisation International Monetary Fund IMF
Country United States 
Sector Charity/Non Profit 
PI Contribution Systemic Risk Centre and the IMF have collaborated on several projects, including the conferences "Capital Flows, Systemic Risk, and Policy Responses" held in Reykjavik in April 2016 and "Macroprudential Stress Test and Policies: A Framework" held in December 2016 in Washington DC. Jon Danielsson and Ron Anderson from SRC contributed their expertise in the research into stress testing, were the main organisers of this event and convened the steering group.
Collaborator Contribution The International Monetary Fund contributed their expertise in this area and to the scientific programme of the events. They acted as an important liaison party to regulatory agencies around the world.
Impact A symposium "Macroprudential Stress Test and Policies: A Framework" was successfully organised in December 2016.
Start Year 2016
 
Description Collaboration with Markit 
Organisation Markit
Country United Kingdom 
Sector Public 
PI Contribution Markit is the Centre's data partner
Collaborator Contribution Provision of data for research
Impact academic publications
Start Year 2012
 
Description Collaboration with Paul Woolley Centre, LSE 
Organisation London School of Economics and Political Science (University of London)
Department Paul Woolley Centre
PI Contribution Our team contributes our expertise in systemic risk research and event organisation.
Collaborator Contribution The Paul Woolley Centre, LSE organises topics of mutual interest for discussion in joint events.
Impact European Safe Bonds - Breakfast Meeting pm 2nd Dec 2016
Start Year 2016
 
Description Collaboration with Philip Stork (VU University Amsterdam) and Sasha Molchanov (Massay University) 
Organisation University of Amsterdam
Country Netherlands 
Sector Academic/University 
PI Contribution Lerby Ergun's research collaboration with Philip Stork(VU university Amsterdam) and Sasha Molchanov (Massay University) On trading strategies and tail risk.
Collaborator Contribution Joint research papers
Impact Research papers to appear
Start Year 2016
 
Description Collaboration with Philip Stork (VU university Amsterdam) and Sasha Molchanov (Massay University) 
Organisation Massey University
Country New Zealand 
Sector Academic/University 
PI Contribution Lerby Ergun's research collaboration with Philip Stork (VU University Amsterdam) and Sasha Molchanov (Massay University) on trading strategies and tail risk.
Collaborator Contribution Joint research papers
Impact Research papers to appear
Start Year 2016
 
Description Collaboration with Technical University Munich 
Organisation Technical University of Munich
Country Germany 
Sector Academic/University 
PI Contribution Active research collaboration between K Moore (Research staff) and Oliver Kley at the Technical University of Munich.
Collaborator Contribution Active research collaboration between K Moore (Research staff) and Oliver Kley at the Technical University of Munich.
Impact Oliver Kley presented a paper at an SRC conference.
Start Year 2014
 
Description Collaboration with University of Melbourne and its School of Government 
Organisation University of Melbourne
Department Centre of Systems Genomics
Country Australia 
Sector Academic/University 
PI Contribution Jeffrey Chwieroth's research collaboration with University of Melbourne and its School of Government.
Collaborator Contribution Joint research papers and grant applications
Impact Research papers and grant applications leading to projects
Start Year 2015
 
Description Collaboration with Victoria University of Wellington 
Organisation Victoria University of Wellington
Country New Zealand 
Sector Academic/University 
PI Contribution Lerby Ergun's research collaboration with Cheng Zhang (Victoria University of Wellington) on Hedge Funds activism and the securities lending market.
Collaborator Contribution To produce joint research papers
Impact Outputs to appear
Start Year 2016
 
Description Collaboration with the Central Bank of Iceland 
Organisation Central Bank of Iceland
Country Iceland 
Sector Public 
PI Contribution Jon Danielsson and Katja Neugebauer contributed in expertise in research in capital flows to the scientific programme of the joint conference "Capital Flows, Systemic Risk, and Policy Responses" held in Reykjavik in April 2016.
Collaborator Contribution The Central Bank of Iceland contributed time of their experts, e.g. Sigríður Benediktsdóttir, in formulating the scientific programme of the conference in April 2016. They also provided a conference venue and logistical support.
Impact The conference "Capital Flows, Systemic Risk, and Policy Responses" was successfully held in Reykjavik in April 2016.
Start Year 2016
 
Description Collaboration with the Law and Financial Markets Project, LSE 
Organisation London School of Economics and Political Science (University of London)
Country United Kingdom 
Sector Academic/University 
PI Contribution Active collaboration with the Law and Financial Markets Project led by Dr Eva Micheler on event organisation
Collaborator Contribution Our team contributes our expertise in finance research and financial markets.
Impact Conference on Perspectives on systemic risk on 16th October 2014; Public lecture on Law, finance and the abyss on 12th March 2015; Conference on The Lloyd's crisis and its resolution: Legal aspects on 17th November 2015; Conference on Blockchain and financial markets technology: Perspectives from law, finance and computer science on 10th June 2016; Public lecture on Financial regulation: Back to the future? on 10th January 2017.
Start Year 2014
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation Centre for Economic Policy Research
Country United Kingdom 
Sector Charity/Non Profit 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation Conference of European Schools for Advanced Engineering Education and Research
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation Ecole Polytechnique
Country France 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation European Commission
Department Joint Research Centre (JRC)
Country Belgium 
Sector Public 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation European University Institute
Country Italy 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation Free University of Brussels
Country Belgium 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation German Institute for Economic Research
Country Germany 
Sector Charity/Non Profit 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation IMT School for Advanced Studies Lucca
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation Paris Dauphine University
Country France 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation Paris School of Economics
Country France 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation Pompeu Fabra University
Country Spain 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Leeds
Country United Kingdom 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Leuven
Country Belgium 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Luxembourg
Country Luxembourg 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Naples
Country Italy 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Paris-Saclay
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Tilburg
Department European Banking Center
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Turin
Country Italy 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description EU-wide collaboration of financial research initiated by Joint Research Centre of the European Commission (JRC) 
Organisation University of Zurich
Country Switzerland 
Sector Academic/University 
PI Contribution The general objective of this Collaboration Agreement is to contribute more effectively to understanding and resolving scientific issues in the field of financial research and to ensure that discoveries, inventions and creations generated under this Collaboration Agreement are utilized in ways most likely to benefit the public. We have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing our fields of expertise.
Collaborator Contribution The partners have been actively participating in meetings and workshops to improve the co-ordination and effectiveness of co-operation efforts between academic institutions and the Commission in the field of financial research by sharing their fields of expertise; to promote mutual interest and co-operation in understanding and resolving financial stability and financial market issues; and to deepen the understanding of the scientific, economic and social issues relating to financial stability and capital markets.
Impact No outputs yet.
Start Year 2017
 
Description Impact of the Capital Requirements Regulation (CRR) on the Access to Finance for Business and Long-Term Investments 
Organisation London Economics
Country United Kingdom 
Sector Private 
PI Contribution Katja Neugebauer is a Member of the Expert Advisory Panel of "Impact of the Capital Requirements Regulation (CRR) on the Access to Finance for Business and Long-Term Investments" conducted by London Economics appointed by European Commission, 2015-2016.
Collaborator Contribution Katja Neugebauer is a Member of the Expert Advisory Panel.
Impact Outputs to follow
Start Year 2015
 
Description Micheler - FinTech & RegTech Strategy 
Organisation Financial Conduct Authority (FCA)
Country United Kingdom 
Sector Public 
PI Contribution Eva Micheler is working with the FCA the FCA's FinTech & RegTech Strategy team and involved in the FCA's work on automating and translating into code certain aspects of their handbook.
Collaborator Contribution Eva Micheler is working with the FCA the FCA's FinTech & RegTech Strategy team and involved in the FCA's work on automating and translating into code certain aspects of their handbook.
Impact It is multi-disciplinary - law and finance.
Start Year 2017
 
Description Odabasioglu Collaboration with the Bank of England researchers/risk experts at the Financial Markets Infrastructure (FMI) directorate's Risk, Research and CCP Policy division" (with Emmanouil Karimalis at the Bank of England) 
Organisation Bank of England
Country United Kingdom 
Sector Public 
PI Contribution This collaboration makes use of the supervisory CCP data on clearing members' P&L distributions and initial margins. It aims to have implications for existing risk management and stress testing practices by the CCPs (particularly the "Cover 2" methodology) by developing a novel Conditional Value-at-Risk (CoVaR) framework that incorporates spill-over effects among clearing members. At a second phase, it is considered to extend the modelling framework with a systemic risk angle to allow for CCP interdependencies, and eventually contribute to the development of new supervisory CCP stress-testing frameworks.
Collaborator Contribution This collaboration makes use of the supervisory CCP data on clearing members' P&L distributions and initial margins. It aims to have implications for existing risk management and stress testing practices by the CCPs (particularly the "Cover 2" methodology) by developing a novel Conditional Value-at-Risk (CoVaR) framework that incorporates spill-over effects among clearing members. At a second phase, it is considered to extend the modelling framework with a systemic risk angle to allow for CCP interdependencies, and eventually contribute to the development of new supervisory CCP stress-testing frameworks.
Impact None yet
Start Year 2017
 
Description 22nd Annual Workshop on Economic Science with Heterogeneous Interacting Agents - Fabio Caccioli 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Fabio caccioli presented "Analytic solution to variance optimization with no short-selling" at the 22nd Annual Workshop on Economic Science with Heterogeneous Interacting Agents organised by Università Cattolica del Sacro Cuore, Milan.
Year(s) Of Engagement Activity 2017
URL http://centridiricerca.unicatt.it/complexity-the-complexity-lab-in-economics-cle-wehia-2017
 
Description ?et? ap? ???s? ?a p??pe? ?a ?p???e? µe?a??te?? ??s?? (InBusiness News) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson's work on financial crisis and risk was cited in the Greek media outlet "InBusiness News". It increased interest in the topics and raised the reputation of SRC and LSE.
Year(s) Of Engagement Activity 2016
URL http://www.inbusinessnews.com/inbusiness/news/business/services/j%CE%BF%CC%81n-dan%CE%B9%CC%81elsson...
 
Description A Bonfire of Regulation? (WSJ) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson's blog post "Will Brexit give us the 1950s or Hong Kong?" was cited in Wall Street Journal. It increased interests in the topics and raised the profile of SRC.
Year(s) Of Engagement Activity 2016
URL http://blogs.wsj.com/briefly/2016/06/03/this-weeks-brexit-briefing-at-a-glance-12/
 
Description A One Factor Benchmark Model for Asset Pricing 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk by C Julliard at Wharton School, Philadelphia in November 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description A One Factor Benchmark Model for Asset Pricing 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk by C Julliard at Workshop in Financial Economics on 7-8 November 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description A model of investment subject to financing constraints - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Seminar 'A model of investment subject to financing constraints' given by Alistair Milne

The seminar generated useful discussion
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/alistair-milne
 
Description A network analysis of the E-mid interbank market: implications for financial stability 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation keynote/invited speaker
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Seminar by Giulia Iori on "A network analysis of the E-mid interbank market: implications for financial stability"

Interaction with relevant academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/giulia-iori
 
Description Address to LSE alumni in Beijing (Danielsson) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Jon Danielsson addressed LSE alumni in Beijing in April 2015 to disseminate the work of Systemic Risk Centre. The meeting sparked questions and discussion afterwards.
Year(s) Of Engagement Activity 2015
 
Description Alan Turing Institute Financial Summit (Zigrand) 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Jean-Pierre Zigrand attended the Alan Turing Institute Financial Summit on 14th October 2015 intended to build engagement with the financial sector and enable those in industry and public sector to contribute to the ATI the work programme. The event sparked questions and discussion afterwards.
Year(s) Of Engagement Activity 2015
 
Description American Physical Society March Meeting 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact "Pathways towards instability in financial networks" (G Caldarelli, M Bardoscia, F Caccioli, S Battiston) was presented in section Session S15: Spins and Complex Systems during the APS March Meeting 2017 that took place in New Orleans, Louisiana.
Year(s) Of Engagement Activity 2017
URL http://meetings.aps.org/Meeting/MAR17/Session/M1
 
Description BBC News interview on systemic risk (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviews on BBC News Channel on 21/7/2015 on systemic risk and financial crisis. It parked questions and discussion afterwards and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
 
Description BSB SEMINAR: Using ethnography to learn more about your firm's culture 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Long-term observational ethnographic methods are one way of gaining valuable insights into culture and behaviour (and the variations in culture and behaviour) within organisations. In July 2016 and in conjunction with Dr Daniel Beunza, Assistant Professor of Management at the London School of Economics, the BSB ran a seminar to introduce ethnography as a discipline and consider how it might be applied within banks and building societies. Firms' interest in exploring this further was such that we went on to organise a four-part workshop series for member firms, taught by Dr Beunza, in 2017.
Year(s) Of Engagement Activity 2016
URL http://www.bankingstandardsboard.org.uk/events/bsb-seminar-using-ethnography-to-learn-more-about-you...
 
Description Bank of England Open Forum 2015 (Zigrand) 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Jean-Pierre Zigrand attended the Bank of England Open Forum on 11/11/2015. The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.bankofengland.co.uk/Pages/openforum/index.aspx
 
Description Banking is still risky business as usual despite new rules (New Scientist) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson's research (in collaboration with Chen Zhou) was cited in the article in New Scientist on the topics of banking regulations and measures. It added debates to the topic and raised the reputation of the SRC and LSE.
Year(s) Of Engagement Activity 2016
 
Description Banks begin moving thousands of jobs out of Britain (CNN) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson, Director of Systemic Risk Centre, was quoted in this article in CNN Money. It raised the reputation of SRC and LSE.
Year(s) Of Engagement Activity 2017
URL http://money.cnn.com/2017/01/18/news/economy/brexit-banks-financial-services/
 
Description Beunza - 2017 PRI Academic Network 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Daniel Beunza gave the closing remarks of the 2017 PRI Academic Network on September 27th 2017 in Berlin. The engagement sparked questions and discussion afterwards.
Year(s) Of Engagement Activity 2017
 
Description Beunza - presentation in University of Bielefeld 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Daniel Beunza presented a seminar on "Blended Automation" at the University of Bielefeld on December 11th 2017. The event generated questions and discussion afterwards.
Year(s) Of Engagement Activity 2017
 
Description Beunza UK Banking Standards Board 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Daniel Beunza was engaged by the UK Banking Standards Board to conduct a grounded theory study of the qualitative responses to their 2017 Annual Survey in autumn 2017.
Year(s) Of Engagement Activity 2017
 
Description Big Banks' Risk Does Not Compute (Bloomberg) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Jon Danielsson's authored paper "Why risk is so hard to Measure" was cited by Bloomberg. It increased the interests in the topics and raised the reputation of SRC.
Year(s) Of Engagement Activity 2016
URL https://www.bloomberg.com/view/articles/2016-05-23/big-banks-risk-does-not-compute
 
Description Blockchain and financial markets technology: Perspectives from Law, Finance and Computer Science 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact The conference analyses financial innovation with a particular focus on blockchain technology.

Blockchain technology was first invented to facilitate Bitcoin. A blockchain is an electronic record. Similar to a land register it contains all transactions that are entered into between market participants. There is, however, no central authority or other intermediary. The blockchain is updated on the basis of a consensus of the majority of the participants in the system. Once entered the information cannot be erased. A blockchain thus creates a certain and verifiable digital record.

The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/blockchain-and-financial-markets-technology-perspectives-law-fi...
 
Description Blockchain could, should and will totally disrupt the way financial institutions do business 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Eva Micheler was part of a panel in the The Euromoney Blockchain Forum 2016:

Oxford Style Debate "Blockchain could, should and will totally disrupt the way financial institutions do business"
Angus Scott, Director Product Strategy & Innovation, Euroclear
Richard Levin, Member of the Wall Street Blockchain Alliance
Paul Baybutt, Senior Product Manager, Fund Services, HSBC Securities Services
Eva Micheler, Associate Professor (Reader) in Law, London School of Economics
Terry Roche, Principal, Head of Research FinTech, Tabb Group (Moderator)
Year(s) Of Engagement Activity 2016
URL http://www.euromoneyseminars.com/blockchain-debt-capital-markets/agenda.html
 
Description Blockchain: the next financial Revolution? - Principles, Opportunities & Risks - Seminar-Workshop on 16 June 2016, Zürich 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Tomaso Aste and Paolo Tasca presented the following at the seminar workshop in Zurich:

Module 1: General introduction and important concepts
by Prof. Dr. Tomaso Aste
- What is money? Why is Bitcoin money? - The disruptive character of Bitcoin -
Bitcoin: a 10-minute primer - Live payment demo - Introduction to the crypto in
crypto-currencies - Bitcoin: a truly decentralized architecture

11.15 - 12.15 Module 2: Mining: basic principles, consequences, and associated ecosystem
by Prof. Dr. Tomaso Aste
- Hash functions, mining difficulty - Mining tools - Is mining beneficial? Gold rush
syndrome - Mining pools, mining farms, cloud mining

12.15 - 13.15 Module 3: Regulation of the Bitcoin Economy & Why Switzerland
by Dr. Paolo Tasca & Dr. Alexander Lindemann
- The Origin of Central Banks and Legal Tender - Regulation & Governance of the
Bitcoin economy (USA vs EU) - Regulation of Business Entities - Risks to Regulatory
Authorities - Exceptionalist vs. Unexceptionalists - Why Switzerland: Regulation in
Switzerland By Finma - Swiss & International Tax Aspects - Case Studies

14.15 - 15.15 Module 4: Economic Foundations
by Dr. Paolo Tasca
- Bitcoin as Currency (some descriptive statistics) - Bitcoin as Payment Network
(some descriptive statistics) - Case Studies

15.15 - 16.15 Module 5: Economic Trends & Potential Business Opportunities
by Dr. Paolo Tasca
- Groups of Interest (Users , Merchants , Developers, Investors, Miners , Banks) -
Case Studies - Future Trends

16.15 - 19.15 Individual 1to1 sessions with Dr. Paolo Tasca & Prof. Tomaso Aste
In the 1to1 sessions, to the participants of the workshop is offered the possibility to
directly interact in bilateral closed-doors meetings with Dr. Paolo Tasca and Prof.
Tomaso Aste. The scholars will provide direct support and will propose solutions to
participants with specific questions related to design, implementation and test of
different blockchain-based platforms.
Year(s) Of Engagement Activity 2016
URL http://lindemannlaw.ch/img/uploadAdminDok/33ebd_blockchain_14seminar_14workshop.pdf
 
Description Breakfast Briefing: The Future of Europe, the Euro and the Role of Monetary Policy 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Breakfast Briefing: The Future of Europe, the Euro and the Role of Monetary Policy

Small group discussion with key stakeholders
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/breakfast-briefing-future-europe-euro-and-role-monetary-policy
 
Description Brexit and systemic risk - Jon Danielsson, Robert Macrae, Eva Micheler 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Brexit is likely to cause considerable disruption for financial markets. Some worry that it may also increase systemic risk. This column revisits the debate and argues that an increase in systemic risk is unlikely. While legal 'plumbing' and institutional and regulatory equivalence are of concern, systemic risk is more likely to fall due to increased financial fragmentation and caution by market participants in the face of uncertainty.
Year(s) Of Engagement Activity 2017
URL http://voxeu.org/article/brexit-and-systemic-risk
 
Description CCS'17: CONFERENCE ON COMPLEX SYSTEMS 2017 - Giacomo Livan 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Giacomo Livan presented "How networks shape fake narratives" at the CCS'17: CONFERENCE ON COMPLEX SYSTEMS 2017 in Mexico.
Year(s) Of Engagement Activity 2017
URL http://easychair.org/smart-program/CCS'17/2017-09-18.html
 
Description CIted in Financial Times on Iceland's crisis (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was cited in Financial Times on the topic of Iceland's crisis policies. It sparked questions and discussions and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://www.ft.com/cms/s/3/56e506e0-1347-11e5-ad26-00144feabdc0.html
 
Description CNBC Panama Papers leak may hit Iceland's economic policy 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed and quoted by CNBC on Panama Papers leak. It presented the interviewee's views and raised the profile of Systemic Risk Centre.
Year(s) Of Engagement Activity 2016
URL http://www.cnbc.com/2016/04/12/panama-papers-leak-may-hit-icelands-economic-policy.html
 
Description COMPLEXIS - the International Conference on Complexity, Future Information Systems and Risk 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Tomaso Aste and Guido Germano were members of the Programme Committee of COMPLEXIS - the International Conference on Complexity, Future Information Systems and Risk, Porto, Portugal.
Year(s) Of Engagement Activity 2017
URL http://www.complexis.org/Home.aspx?y=2017
 
Description Capital Flows, Systemic Risk, and Policy Responses 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Organised by the Central Bank of Iceland, the Systemic Risk Centre and the International Monetary Fund, the purpose of the two-day event is to promote the exchange of ideas and knowledge between academics and policy makers on systemic risk and macroprudential regulation in economies that are not among the core global rate setters.

Keynote speakers are Maurice Obstfeld (International Monetary Fund) and Stijn Claessens (Board of Governors of the Federal Reserve System).

The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/capital-flows-systemic-risk-and-policy-responses
 
Description Capital Markets Union and Beyond - paper discussion by Jo Braithwaite 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Discussant: Capital Markets Union and Beyond (9 October 2016). Jo Braithwaite delivered a detailed response to a paper by economists from Imperial College London about the regulation of consumer investment markets.
Year(s) Of Engagement Activity 2016
 
Description Capital controls are still ruining Iceland after half a decade 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Article in City AM

City A.M.
Year(s) Of Engagement Activity 2013
URL http://www.cityam.com/article/capital-controls-are-still-ruining-iceland-after-half-decade
 
Description Capital controls in Iceland (Frettabladid) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed by an Icelandic newspaper "Frettabladid" on proposals on capital controls in Iceland. It added a debate to the topic and raised the reputation of SRC.
Year(s) Of Engagement Activity 2016
URL http://www.visir.is/ExternalData/pdf/fbl/160608.pdf
 
Description Central Bank of Chile seminar - Jon Danielsson 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Jon Danielsson talked at the Central Bank of Chile in March 2017
Year(s) Of Engagement Activity 2017
 
Description Centrální banky šijí pravidla na míru velkým financním domum, ríká islandský ekonom (Hospodárské noviny) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed and cited in a news article in a Czech outlet Hospodárské noviny. The topic discussed was on central bank regulations. It increased interest in the topics and raised the reputation of SRC and LSE.
Year(s) Of Engagement Activity 2016
URL http://byznys.ihned.cz/c1-65494090-centralni-banky-siji-pravidla-na-miru-velkym-financnim-domum-rika...
 
Description Chwieroth - International Affairs Podcast: Banking crises and politics 
Form Of Engagement Activity A broadcast e.g. TV/radio/film/podcast (other than news/press)
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jeff Chwieroth participated in the International Affairs Podcast on Banking Crises and Politics organised by the Chatham House.
Year(s) Of Engagement Activity 2017
URL https://www.chathamhouse.org/file/international-affairs-podcast-banking-crises-and-politics
 
Description Cited in Financial Times 'Economy takes important step after emerging from wreckage of the financial crash' (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact It raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://on.ft.com/1F47D9q
 
Description Cited in German media Die Welt on asset management (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson's opinion on severe regulation for large asset management companies was quoted in the article. It sparked questions and discussion afterwards and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://www.welt.de/print/die_welt/finanzen/article147622065/Wie-gefaehrlich-ist-der-Vermoegensverwal...
 
Description Cited in IPE (Amlan Roy) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Amlan Roy got cited in IPE (Investment and Pensions Europe), in an article entitled "A macro demographic analysis of pensions investing"
The article sparked questions and discussion and raised the profile of our organisation.
Year(s) Of Engagement Activity 2017
URL https://www.ipe.com/pensions/pensions/briefing/a-macro-demographic-analysis-of-pensions-investing/10...
 
Description Cited in IPE on investment models (Amlan Roy) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Amlan Roy was quoted in IPE (Investment and Pensions Europe) following his keynote speech in the IPE European Pension Awards 2016. The article sparked questions and discussion and raised the profile of our organisation.
Year(s) Of Engagement Activity 2016
URL https://www.ipe.com/news/returns/ipe-conference-reject-outdated-investment-models-amlan-roy/10016501...
 
Description Cited in New York Times - Iceland's crisis (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was quoted in New York Times on the topic Iceland's crisis on 5th July 2015. The article sparked questions and discussion and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://www.nytimes.com/2015/07/05/business/international/how-iceland-emerged-from-its-deep-freeze.ht...
 
Description Cited in New York Times on capital controls (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was cited in New York Times on the topic of Icelandic capital controls. It sparked questions and discussions and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://www.nytimes.com/2015/06/09/business/dealbook/iceland-to-lift-capital-controls-imposed-after-f...
 
Description Closer ties between banks could mean more risk-taking 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The Fourth Economic Networks and Finance Conference organised by the Systemic Risk Centre was reported in this article on Risk.net. It increased further interest in the topics discussed in the conference among a wider audience and raised the reputation of SRC and LSE.
Year(s) Of Engagement Activity 2016
URL http://www.risk.net/risk-management/2479426/closer-ties-between-banks-could-mean-more-risk-taking
 
Description Comment & Analysis, Will Brexit break the banks? - Michael Imeson (Wolters Kluwer Financial Services) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Jon Danielsson, Director of Systemic Risk Centre, was interviewed and quoted in this commentary about the negative impact on banks of leaving the EU. It increased interest in the topic and raised the reputation of SRC and LSE.
Year(s) Of Engagement Activity 2016
 
Description Computer-based Trading 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Future of computer-based trading. Paper presented by JP Zigrand at The Future of Finance: Structure, Innovation & Ethics conference in Financial Services Knowledge Transfer Network (FSKTN), Oxford
Year(s) Of Engagement Activity 2013
 
Description Computer-based trading and systemic risks 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Invited talk on computer-based trading and systemic risks Zigrand was invited to Washington to present his research on computer-based trading and the systemic risks within that to the Senate Banking Committee, to the House Committee on Financial Services, to the CFTC (including commissioner O'Malia) as well as to Senator Coons (the successor to Senator Ted Kauffman).

Zigrand was invited to Washington to present his research on computer-based trading and the systemic risks within that to the Senate Banking Committee, to the House Committee on Financial Services, to the CFTC (including commissioner O'Malia) as well as t
Year(s) Of Engagement Activity 2013
 
Description Conference - Financial Resilience and Systemic Risk - Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact A conference on Financial Resilience and Systemic Risk was co-organised by SRC and Institute of Global Affairs in January 2019.
Speakers: David Aikman (Bank of England), Franklin Allen (Imperial College), Charlie Bean (LSE), Marek Belka (IGA, LSE), Erik Berglöf (IGA, LSE), Mario Blejer (IRSA, IGA, LSE), Patrick Bolton (Columbia Business School), Ralph de Haas (EBRD), Dimitri Demekas (Bank of England, IGA, LSE), Ben Dyson (Bank of England), Már Guðmundsson (Central Bank of Iceland), Kilian Huber (University of Chicago), Kevin James (FCA, SRC, LSE), Ousmène Mandeng (Accenture, IGA, LSE), Reza Moghadam (Morgan Stanley), Piroska Nagy-Mohácsi (LSE), Ricardo Reis (LSE), Hélène Rey (London Business School), Christina Segal-Knowles (Bank of England, IGA, LSE), Judy Shelton (EBRD), Vania Stavrakeva (London Business School), Elöd Takáts (BIS), Dimitri Vayanos (FMG, LSE), Andres Velasco (LSE), Édouard Vidon (Bank of France), Ernst-Ludwig von Thadden (Mannheim University), Paul Wachtel (NYU Stern Business School).
Many interesting papers were presented. The conference sparked discussions and thoughts on relevant topics.
Year(s) Of Engagement Activity 2019
URL http://www.systemicrisk.ac.uk/events/financial-resilience-and-systemic-risk-conference
 
Description Conference - Financial crises: predictability, causes and consequences 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact An all-day conference was organised by SRC on Financial crises: predictability, causes and consequences.
Speakers: Matthew Baron (Cornell University), Daisuke Ikeda (Bank of England), Michael Kiley (Federal Reserve Board), Björn Richter (University of Bonn), Miguel Segoviano (International Monetary Fund), Christoph Trebesch (Kiel University)
Organisers: Jon Danielsson (SRC, LSE), Marcela Valenzuela (University of Chile), Ilknur Zer (Federal Reserve Board)
The conference sparked thoughts and discussions on relevant topics.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/events/financial-crises-predictability-causes-and-consequences
 
Description Conference - The future of money and the impact of fintech and cryptocurrencies 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact A conference on The future of money and the impact of fintech and cryptocurrencies was organised by SRC in November 2018.
Speakers: Jason Allen (Humboldt University of Berlin Centre for British Studies, University of New South Wales Centre for Law Markets and Regulation), Jon Danielsson (SRC, LSE Finance), Rosa Lastra (Centre for Commercial Law Studies, Queen Mary University of London), Igor Makarov (FMG, LSE Finance), Eva Micheler (SRC, LSE Law), John Moore (The University of Edinburgh, LSE), Co-Pierre Georg (University of Cape Town, Economic Research Southern Africa and Deutsche Bundesbank), Catherine Schenk (University of Oxford, Faculty of History, St Hilda's College), Edmund Schuster (LSE Law)
Organisers: Jon Danielsson (SRC, LSE Finance), Eva Micheler (SRC, LSE Law)
The conference was well attended and many interesting papers were presented. It sparked discussions and thoughts on relevant topics.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/events/future-money-and-impact-fintech-and-cryptocurrencies-conference
 
Description Conference Frontiers of financial research and future financial and economic challenges 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/frontiers-financial-research-and-future-financial-and-economic-...
 
Description Conference Stress Testing and Macro-prudential Regulation: A Trans-Atlantic Assessment 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/stress-testing-and-macro-prudential-regulation-trans-atlantic-a...
 
Description Conference Understanding Financial Market Effectiveness: New Approaches 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The conference sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/understanding-financial-market-effectiveness-new-approaches
 
Description Conference presentation "Making Culture Work on Wall Street" (Beunza) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Conference presentation "Making Culture Work on Wall Street" at AFI Madrid, Decembe 14th, 2015. The presentation sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Conference presentation Why Talk? A process model of dialogue in shareholder engagement (Beunza) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Conference presentation "Why Talk? A process model of dialogue in shareholder engagement" at the PRI In Person Conference, September 7th 2015. The presentation parked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Conference presentation: Embedded Performativity: Valuation Technology and Social Change in the Responsible Investment Field (Beunza) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Presentation by Daniel Beunza on "Embedded Performativity: Valuation Technology and Social Change in the Responsible Investment Field" at HEC Lausanne, June 3rd 2015. The presentation sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Conference: Research Frontiers in Law, Finance and Governance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/research-frontiers-law-finance-and-governance
 
Description Contractual estoppel: firm-wide lecture by Jo Braithwaite at an international law firm 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Jo Braithwaite delivered a firm-wide lecture at an international law firm on contractual estoppel, in December 2016. The audience for this lecture was comprised of lawyers from the litigation and transactional departments and professional support lawyers, and the lecture was delivered via webcam to viewers in the firm's overseas offices.
Year(s) Of Engagement Activity 2016
 
Description Counterparty risk and systemic fragility in a stylized banking system 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by T Aste at the International Conference Eco**2 exploring the fundamental links between ecology and economics, 8-10 September 2014 LSE. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Credit, Commodities and Currencies - Public Lecture 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/credit-commodities-and-currencies-public-lecture
 
Description Crowded Trades: An Overlooked Systemic Risk for Central Clearing Counterparties - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Abstract: Counterparty default risk might hamper trade and trigger a financial crisis. The introduction of a central clearing counterparty (CCP) benefits trading but pushes systemic risk into CCP default. Standard risk management strategies at CCPs currently overlook a risk associated with crowded trades. This paper identifies it, measures it, and proposes a margin methodology that accounts for it. The application to actual CCP data illustrates that this hidden risk can become large, in particular at times of high CCP risk.

The event generated questions and discussion.

The event generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/albert-j-menkveld
 
Description Danielsson - Faculti interview - Dealing with systemic risk when we measure it badly 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed on Faculti on Dealing with systemic risk when we measure it badly in February 2019. The video interview sparked discussions and thoughts on relevant topics.
Year(s) Of Engagement Activity 2019
URL https://faculti.net/dealing-systemic-risk-measure-badly/
 
Description Danielsson - interview on macroprudential policies (Iceland) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed in June 2018 by the Icelandic paper Vidskiptabladid. He opined that macroprudential policies are inherently political and can undermine the central bank's monetary policy.
Year(s) Of Engagement Activity 2018
 
Description Danielsson blog - Cryptocurrencies 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Jon Danielsson blog post Cryptocurrencies on VOXEU
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/publications/opinion-pieces/cryptocurrencies
 
Description Danielsson blog - Cryptocurrencies are lousy investments 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Jon Danielsson blog post Cryptocurrencies are lousy investments on VOXEU
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/publications/opinion-pieces/cryptocurrencies-are-lousy-investments
 
Description Danielsson blog - Cryptocurrencies: Financial stability and fairness 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Jon Danielsson blog post Cryptocurrencies: Financial stability and fairness on VOXEU
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/publications/opinion-pieces/cryptocurrencies-financial-stability-and-f...
 
Description Danielsson blog - Low risk as a predictor of financial crises 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Jon Danielsson blog post Low risk as a predictor of financial crises on VOXEU
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/publications/opinion-pieces/low-risk-predictor-financial-crises
 
Description Danielsson blog - The hierarchy of financial policies 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Jon Danielsson blog post The hierarchy of financial policies on VOXEU
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/publications/opinion-pieces/hierarchy-financial-policies
 
Description Danielsson blog - Which numerical computing language is best: Julia, MATLAB, Python or R? 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson and Jia Rong Fan blog post Which numerical computing language is best: Julia, MATLAB, Python or R? on VOXEU
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/publications/opinion-pieces/which-numerical-computing-language-best-ju...
 
Description Data Science for the Digital Economy: Digital currencies and P2P economics Alan Turing Institute Scientific Scoping Workshop (Zigrand) 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Jean-Pierre Zigrand participated in the Data Science for the Digital Economy: Digital currencies and P2P economics Alan Turing Institute Scientific Scoping Workshop on 10 Dec 2015. The workshop sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Data, crises and structural breaks 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Talk by J Danielsson at Royal Institution, London, UK. The talk focused on the problems inherent in relying on historical financial data for risk and price forecasting. This implies that existing models have the annoying tendency to fail when needed the most, and Jon will discuss the inherent fragility of financial models, and the problem of ignored fundamental assumptions.

The talk focused on the problems inherent in relying on historical financial data for risk and price forecasting. This implies that existing models have the annoying tendency to fail when needed the most, and Jon will discuss the inherent fragility of financial models, and the problem of ignored fundamental assumptions.
Year(s) Of Engagement Activity 2012
 
Description Dialogue on creating an EU Capital Markets Union 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/dialogue-creating-eu-capital-markets-union
 
Description Disaster and Fortune Risk in Asset Returns by Lerby Ergun - Bank of Canada 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Presentation of Disaster and Fortune Risk in Asset Returns by Lerby Ergun at the Bank of Canada
Year(s) Of Engagement Activity 2016
 
Description Disaster and Fortune Risk in Asset Returns by Lerby Ergun - NOVA University 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Presentation of Disaster and Fortune Risk in Asset Returns by Lerby Ergun at NOVA University in Lisbon.
Year(s) Of Engagement Activity 2017
 
Description Distress and systemic risk in financial networks 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation keynote/invited speaker
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact A seminar by Stefano Battiston on "Distress and systemic risk in financial networks". When financial institutions are connected via balance sheet interlock and overlapping portfolios in a network of contracts, the default probability of one institution depends on the default probability of all the other institutions. There are various questions and issues associated with the determination of the the systemic importance of a bank as well as with the determination of the most resilient architecture. The talk will present the insights of some recent works on this topic and their implications.

Interaction with relevant academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/stefano-battiston-distress-and-systemic-risk-financial-networks
 
Description Diversification and Financial Stability 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk by P Tasca at World Finance Conference July, 2-4, 2014. The talk generated question and discussion.

The talk generated question and discussion.
Year(s) Of Engagement Activity 2014
 
Description Does Risk Forecasting Help Macroprudential Policy Makers 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Presentation by J Danielsson at Czech National Bank - Ceská národní banka

Interaction with stakeholders
Year(s) Of Engagement Activity 2013
 
Description Does Risk Forecasting Help Macroprudential Policy Makers 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Presentation at Bank of England
Year(s) Of Engagement Activity 2013
 
Description Does Risk Forecasting Help Macroprudential Policy Makers? 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Paper presented at Marie Curie ITN Conference on Financial Risk Management & Risk Reporting in University of Konstanz

Paper presented at Marie Curie ITN Conference on Financial Risk Management & Risk Reporting
Year(s) Of Engagement Activity 2013
URL https://fp7.portals.mbs.ac.uk/Portals/59/docs/Programme%20Final%2004042013.pdf
 
Description EEA-ESEM Lisbon 2017 - Andreas Uthemann 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Andreas Uthemann presented "Identifying Information Flows in Over-the-Counter Markets: Evidence from a Consensus Pricing Service" at the EEA-ESEM conference in Lisbon
Year(s) Of Engagement Activity 2017
URL https://editorialexpress.com/conference/EEAESEM2017/program/EEAESEM2017
 
Description ESBies breakfast meeting 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact The Systemic Risk Centre organised a breakfast on ESBies, European Safe Bonds. The idea has grown out of academia, and LSE in particular, and is the subject of work streams at the ECB and ESRB also.
The breakfast meeting brought together the inventors of the product with a select number (less than 25) of senior investment bankers, mainly from the structuring, origination and trading sides.
The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
 
Description ETH48 Workshop on Cascade Processes - Fabio Caccioli 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Fabio Caccioli presented "Stability Analysis of Financial Contagion due to Overlapping Portfolios" at the ETH48 Workshop on Cascade Processes.
Year(s) Of Engagement Activity 2017
URL http://www.riskcenter.ethz.ch/events/eth48-workshop-on-cascades.html
 
Description Eco**2 exploring the fundamental links between ecology and economics 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The two sciences of interactions - economics and ecology - don't interact enough. How many useful ideas must there be in ecology that have yet to be applied in economics, and vice versa? How much more could we discover about the human and social systems, or natural systems, by combining insights from these two subjects? It is crucial that these two fields work together to address the most pressing global challenges facing humanity. If the above intrigues then come along to our symposium Eco**2: exploring the fundamental links between ecology and economics, which we'll be running in collaboration with the British Ecological Society (BES) in London this September. It's your chance to help create the new science that emerges when ecology and economics collide. Everything about the symposium is designed to foster as much interaction as possible between these two fascinating sciences and attendees will be an equal mix of ecologists and economists. Attendees will also be given the opportunity to submit questions and ideas for discussion at the symposium, and these can be conceptual, technical, or applied in nature, so long as they will spark a fruitful discussion between economists and ecologists. A specific aim of Eco**2 is to examine the fundamental, conceptual links between these two sciences. These links are much deeper than most ecologists or economists appreciate, and they must be explored if we are to apply these two sciences properly to address pressing global issues.

Very fruitful exchange of academic ideas especially between two disciplines - economics and ecology - which do not normally come together. Further ideas of collaboration were generated.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/eco2-exploring-fundamental-links-between-ecology-and-economics
 
Description Economic Networks and Banking Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The conference brings together academicians working in the area of banking and network analysis, to stimulate the academic discourse on the generation of aggregate risk through network interactions.

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
URL http://www.systemicrisk.ac.uk/events/economic-networks-and-banking-conference
 
Description Economic Networks and Finance - Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact This event brought together academics, policy-makers and practitioners working in the area of banking and network analysis, to stimulate the academic discourse on the generation of aggregate risk through network interactions.
Speakers: Daniele Condorelli (Essex), Matthew Elliott (Caltech), Maryam Farboodi (Chicago Booth), Mila Getmansky (UMass Amherst), Jose-Luis Peydro (Universitat Pompeu Fabra, Barcelona), Martin Schmalz (University of Michigan), and Norman Schuerhoff (Ecole des HEC, Université de Lausanne).

Stimulated discussions and increased potential collaborations with peers
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/economic-networks-and-finance-conference
 
Description Economic crisis: have we learned the right lessons? A Debate 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact JP Zigrand participated in a debate on economic crisis at Oxford Union Debate hosted in Luxembourg. The debate generated questions and discussion.

The debate generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://club.paperjam.lu/event/economic-crisis-have-we-learned-right-lessons
 
Description Economics of risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A series of lectures on economics of risk to with regulators, practitioners and students in the audience by J Danielsson in Duisenberg School of Finance, Amsterdam
Year(s) Of Engagement Activity 2010,2013
 
Description Endogenous Contractual Externalities 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A seminar by K Yuan at HKUST Business School in April 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.bm.ust.hk/web/zh-hk/pages/event-calendar?date=2014-03-31
 
Description Endogenous Contractual Externalities 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A seminar by K Yuan at the Frankfurt School of Finance and Management in April 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.frankfurt-school.de/content/de/research/seminars-workshops/finance/previous.html
 
Description Endogenous Contractual Externalities 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A BES Finance seminar by K Yuan at INSEAD on 7th November 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.insead.edu/facultyresearch/areas/finance/activities/seminars.cfm
 
Description Endogenous Contractual Externalities 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A seminar by K Yuan at Economics and Finance Seminar in University of Hong Kong in April 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://hkuems1.hku.hk/hkuems/ec_hdetail.aspx?guest=Y&UEID=29838
 
Description Ethics Matters in Financial Theory 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact JP Zigrand participated in a Forum for European Philosophy dialogue with Christian Walter hosted by the LSE. The public event generated questions and discussion.

The public event generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.lse.ac.uk/publicEvents/events/2014/05/20140513t1830vWT.aspx
 
Description Evidence before US Senate 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Evidence before US Senate
Year(s) Of Engagement Activity 2012
 
Description Exchange of Ideas - Exclusive Session: Impulses for a European Capital Markets Union 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact The panel sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Expert Round-Table Assessing the experience with supervisory stress testing since the Crisis 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Fast Markets Events, Bank of England - Jean-Pierre Zigrand 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Study participants or study members
Results and Impact Jean-Pierre Zigrand participated in the Fast Markets Events, Bank of England, in April 2017. Events under Chatham House Rule.
Year(s) Of Engagement Activity 2017
 
Description Federal Reserve Board seminar in Washington D.C., US 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact A talk by Alper Odabasioglu at a seminar organised by the Federal Reserve Board in Washington D.C., US. The talk generated questions and discussion.
Year(s) Of Engagement Activity 2016
 
Description Filtering Complex Information with Networks 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Presentation by Tomaso Aste at the Challenges in Data Science: a complex systems perspective International Conference
Year(s) Of Engagement Activity 2015
URL http://annacarbone.wixsite.com/eu-meet-japan-2015/friday-16th-october
 
Description Financial Crises and Politics: A Long Run Perspective 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact A presentation by Jeffrey Chwieroth and Andrew Walter (University of Melbourne). Paper presented at the annual meeting of the International Studies Association, Baltimore, MD, 22 - 25 February 2017.
Year(s) Of Engagement Activity 2017
 
Description Financial Intermediation Research Society 12th Annual Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Christoph Aymanns presented "Illiquidity Spirals In Over-The-Counter Repo Markets" in the session on Bank Liquidity Provision and interacted with relevant audience.
Year(s) Of Engagement Activity 2017
URL https://firsocietyblog.files.wordpress.com/2017/08/firs2017.pdf
 
Description Financial Market Infrastructure Conference (Braithwaite) 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Jo Braithwaite has been developing links with the Financial Market Infrastructure Directorate at Bank of England on ongoing research. This conference held in Amsterdam in June 2017 was one of the major outputs. The conference brought together policymakers and practitioners to discuss topics of mutual interest.
Year(s) Of Engagement Activity 2017
URL https://www.dnb.nl/en/binaries/FMIC2_Programme%207-8%20June%202017_tcm47-358054.pdf?2017101613
 
Description Financial Regulation: Back to the Future? Public Lecture by Timothy G. Massad 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The global financial crisis caused massive unemployment, destroyed trillions in wealth, and triggered an international effort to strengthen the regulation of financial markets and institutions. Will the Brexit referendum and the 2016 U.S. election bring fundamental changes to that path?

Mr. Massad has been on the front lines of the U.S. effort to combat the crisis and reform the international financial regulatory system, currently as Chairman of the U.S. Commodity Futures Trading Commission and formerly as Assistant Secretary for Financial Stability at the U.S. Treasury. As head of the U.S. government agency responsible for regulating the nearly $450 trillion futures and swaps markets, much of which is global in nature, Chairman Massad will bring his unique perspective to the future of the financial market regulatory framework agreed to by the G20 Leaders.

The speaker of the public lecture Timothy Massad was sworn-in as Chairman of the Commodity Futures Trading Commission on June 5, 2014, after being confirmed by the United States Senate as Chairman and as a Commissioner of the CFTC.

Previously, Mr. Massad was nominated by President Obama and confirmed by the U.S. Senate as the Assistant Secretary for Financial Stability at the U.S. Department of the Treasury. In that capacity, Mr. Massad oversaw the Troubled Asset Relief Program (TARP), the principal U.S. governmental response to the 2008 financial crisis designed to help stabilize the economy and provide help to homeowners. Under TARP, Treasury's investments in financial institutions, the credit markets and the auto industry prevented the economy from falling into a depression. Mr. Massad was responsible for the day-to-day management and recovery of TARP funds, and during his tenure, Treasury recovered more on all the crisis investments than was disbursed. Mr. Massad also served as Chief Counsel for the program prior to becoming Assistant Secretary.

Prior to joining Treasury, Mr. Massad served as a legal advisor to the Congressional Oversight Panel for the Troubled Asset Relief Program, under the leadership of (now Sen.) Elizabeth Warren. Mr. Massad assisted the panel in its first report evaluating the investments made by Treasury under TARP.

Prior to his government service, Mr. Massad was a partner in the law firm of Cravath, Swaine & Moore, LLP. Mr. Massad had a broad corporate practice with a focus on corporate finance and financial markets. He helped to draft the original standardized agreements for swaps and helped many businesses negotiate and execute transactions to hedge exposures in the derivatives markets.

Mr. Massad earned his bachelor's and law degrees at Harvard. Mr. Massad was born in New Orleans, Louisiana, and also lived in Texas, Oklahoma and Connecticut as a child. He and his wife, Charlotte Hart, live in Washington with their two children.

The lecture sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/events/financial-regulation-back-future
 
Description Financial markets and macro prudential policies 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact An academic seminar given by J Danielsson at University of Iceland on 10 October 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.hi.is/vidburdir/fjarmalamarkadir_og_thjodhagsvarud
 
Description Financial risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact A lecture for employees of Santander at the LSE Executive Education programme
Year(s) Of Engagement Activity 2013
 
Description Fire sales and systemic risk: Monitoring and macroprudential policies - Bank of England 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A talk by Eric Schaanning at the Bank of England in January 2016
Year(s) Of Engagement Activity 2016
 
Description Fire sales and systemic risk: Monitoring and macroprudential policies - Swiss National Bank 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A talk by Eric Schaanning at the Swiss National Bank in March 2016.
Year(s) Of Engagement Activity 2016
 
Description Fire sales, price-mediated contagion and systemic risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A talk by Eric Schaanning at the Federal Reserve Bank of New York, New York, July 2016
Year(s) Of Engagement Activity 2016
 
Description Fire sales, price-mediated contagion and systemic risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A presentation by Eric Schaanning at the Bi-annual World Congress of the Bachelier Financial Society, New York, July 2016
Year(s) Of Engagement Activity 2016
 
Description Fire sales, price-mediated contagion and systemic risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A talk by Eric Schaanning at ETH Zürich, September 2016
Year(s) Of Engagement Activity 2016
 
Description Form text analytics to meaningful networks of relations 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by T Aste at the International Workshop Sentiment Classification and Opinion Mining Using News Wires and Micro Blogs (Twitter), 20 June 2014, London, UK. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Fourth Economic Networks and Finance Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Following the success of last year's economic networks and finance conference, this event brought together academics, policy-makers and practitioners working in the area of banking and network analysis, to stimulate the academic discourse on the generation of aggregate risk through network interactions.

The event generated questions and discussion on an important topic.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/fourth-economic-networks-and-finance-conference
 
Description From evolving to temporal networks: the impact on spreading 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation keynote/invited speaker
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A seminar by Claudio Tessone on "From evolving to temporal networks: the impact on spreading"

Interaction with relevant academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/claudio-tessone
 
Description Frontiers of Research in Systemic Risk Forecasting 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact The conference brings together academics and policy makers working in the area of systemic risk to discuss the latest developments in research in systemic risk forecasting.

Interaction with academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/frontiers-research-systemic-risk-forecasting
 
Description Frontiers of Systemic Risk Modelling and Forecasting 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The aim of the conference is to discuss recent developments in the identification of the sources of systemic risk in the financial system, as well as research relating to innovative risk modelling techniques. Furthermore, the discussion will be motivated from a variety of locus emanating from current economics research including behavioural, macro, financial and statistical modelling. Organisers: Kyle Moore (SRC, LSE) and Jon Danielsson (SRC, LSE)
Speakers: Ciril Bosch (Technical University Berlin), Patricia Gómez-González (MIT Department of Economics), Christian Julliard (LSE), Oliver Kley (Technical University Munich), Kyle Moore (LSE), Efstathios Panayi (UCL) TBC, Matthew C. Ringgenberg (Washington University in St. Louis), Fabrizio Spargoli (Erasmus University Rotterdam).



Fruitful academic exchange of research and ideas
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/frontiers-systemic-risk-modelling-and-forecasting
 
Description Giving guidance on future monetary policy in a very uncertain world - Public Lecture 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact MPC member, David Miles explored the paradox of giving guidance on the course of monetary policy in an uncertain economic environment and consider the subsequent lessons for setting policy in a public event.

The event was very well attended and discussion was stimulating
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/giving-guidance-future-monetary-policy-very-uncertain-world-pub...
 
Description Global financial risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact A lecture in the IEB international financial markets programme under the auspices of the LSE Executive Education programme
Year(s) Of Engagement Activity 2013
 
Description Gold-plating will stay common, academic argues 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact News article on international regulations

Risk.net
Year(s) Of Engagement Activity 2014
 
Description Goodhart - Economics since the crisis 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Charles Goodhart gave his views on how banks responded to regulations after crises in a video interview in Sept 2017.
Year(s) Of Engagement Activity 2017
URL https://voxeu.org/content/economics-crisis
 
Description Goodhart: Canadian legalization of cannabis reduces both cash usage and the 'black' economy 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Blog post 'Canadian legalization of cannabis reduces both cash usage and the 'black' economy', Charles Goodhart and Jonathan Ashworth, Vox EU, http://voxeu.org, 22 January 2019.
Year(s) Of Engagement Activity 2019
URL https://voxeu.org/article/canadian-legalisation-cannabis-reduces-both-cash-usage-and-black-economy
 
Description Goodhart: Credit mechanics: A precursor to the current money supply debate 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Blog post: Credit mechanics: A precursor to the current money supply debate', (with Frank Decker), Vox EU, 14 December, 2018, www.voxeu.org.
Year(s) Of Engagement Activity 2018
URL https://voxeu.org/article/credit-mechanics-precursor-current-money-supply-debate
 
Description Goodhart: Regulatory reform 'won't stop next crisis' 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Newspaper article on regulatory reform and financial crisis

Risk.net
Year(s) Of Engagement Activity 2014
URL http://www.risk.net/operational-risk-and-regulation/news/2325773/goodhart-regulatory-reform-wont-sto...
 
Description Great Expectations, Veto Players, and the Changing Politics of Banking Crises 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by J Chwieroth at Paris School of Economics - Institute for New Economic Thinking Joint Conference, Université Paris 1, Paris, France, 28 March 2014. The talk was given to both academic and practitioner audience. It generated questions and discussion.

It generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Hybrid Technology and Institutional Change 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A paper presentation by D Beunza at Academy of Management Conference in Philadephia, the leading annual conference of management scholars in August 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://program.aom.org/2014/pdf/AOM_2014_Annual_Meeting_Program.pdf
 
Description Iceland lifts capital controls - The Economist (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was consulted and quoted in the article Iceland lifts capital controls in The Economist on 18th March 2017.
Year(s) Of Engagement Activity 2017
URL https://www.economist.com/news/finance-and-economics/21718889-last-country-marks-symbolic-recovery-i...
 
Description Iceland to lift capital controls in return to financial markets (Financial Times) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jon Danielsson, Director of Systemic Risk Centre, was interviewed and reported in Financial Times on capital controls in Iceland. It added debates to the topic and raised the profile of SRC and LSE.
Year(s) Of Engagement Activity 2017
URL https://www.ft.com/content/81bc3a88-0737-11e7-97d1-5e720a26771b
 
Description Icelandic Chamber of Commerce event (Danielsson) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was engaged in an event organised by the Icelandic Chamber of Commerce on Icelandic capital controls. The event sparked questions and discussion and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://sa.is/frettatengt/frettir/retti-timinn-til-ad-afnema-hoeft-er-nuna/
 
Description Icesave 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact J Danielsson interviewed in Newsnight

Dissemination to general public
Year(s) Of Engagement Activity 2013
 
Description Impact of cross-border banking on exports 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact An expert talk by K Neugebauer at Association of German Banks (Bundesverband deutscher Banken) on 15 October 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Information Aggregation in OTC Derivatives Markets - Geneva 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Presentation by Lerby Ergun at the 2016 annual congress of the European economic association, Geneva
Year(s) Of Engagement Activity 2016
 
Description Information Aggregation in OTC Derivatives Markets - Kyoto 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Prsentation by Lerby Ergun at the 2016 Asia Meeting of the Econometric Society, Kyoto.
Year(s) Of Engagement Activity 2016
 
Description Information Aggregation in OTC Derivatives Markets - Singapore 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Presentation by Lerby Ergun at the 2016 Asia-Pacific Conference on Economics & Finance, Singapore.
Year(s) Of Engagement Activity 2016
 
Description Information Aggregation in a Competitive Economy - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Seminar by Rohit Rahi. Abstract: We consider the market for a risky asset for which agents have interdependent private valuations. We study competitive rational expectations equilibria under the standard CARA-normal assumptions. Equilibrium is partially revealing even though there are no noise traders. Complementarities in information acquisition arise naturally in this setting. We characterize stable equilibria with endogenous information acquisition. Our framework encompasses the classical REE models in the CARA-normal tradition.

The event generated questions and discussions.

The event generated questions and discussions.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/rohit-rahi
 
Description Information Asymmetries, Volatility, Liquidity, and the Tobin Tax 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk by C Julliard at HSE-ICEF, Moscow, June 27th 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Information Asymmetries, Volatility, Liquidity, and the Tobin Tax 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk A Danilova at Bachelier Colloquium in Stochastic Calculus and Mathematical  Finance on 12-18 January 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Information Asymmetries, Volatility, Liquidity, and the Tobin Tax 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk by A Danilova at Markets in Transition workshop, Paris, June 13th 2014. The session generated questions and discussion.

The session generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Information Asymmetries, Volatility, Liquidity, and the Tobin Tax 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk by C Julliard at 2014 CEPR European Summer Symposium in Financial Markets at Gerzensee, Switzerland, July 14-25, 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Information Filtering Networks 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by T Aste at the International Conference SigmaPhi 2014, 7-11 July 2014, Rhodes, Greece. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Information filtering networks: for gene expression, drug repurposing, and big-data analytics 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A seminar by T Aste at Crick seminar Modelling and Computation in Biology and Medicine, King's College 11 March 2014, London, UK. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Integrating financial stability and monetary policy analysis - Øystein Olsen, Governor of Norges Bank 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/integrating-financial-stability-and-monetary-policy-analysis-0
 
Description Intermediated securities and investor rights 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact In partnership with LSE's Department of Law, the SRC is involved with this one day conference which has the aim of determining if the law is able to ensure that securities continue to be negotiable. Participants will consider whether it is possible to conclude that holding and lending chains have become so complex and inter-connected that investors are systemically compromised in their ability to exercise rights against issuers? And will also ask is it possible to develop a solution that would overcome this problem? And to what extent can regulation make a contribution?

Interaction with relevant academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/intermediated-securities-and-investor-rights
 
Description Interview of Jon Danielsson 'LSE: Banking crises are unavoidable" by Risk Magazine 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Jon Danielsson was interviewed on the topic of banking crises and discussed the setting up of Systemic Risk Centre. It raised the profile of our organisation.
Year(s) Of Engagement Activity 2013
URL http://www.risk.net/risk-magazine/profile/2260862/lse-banking-crises-are-unavoidable
 
Description Interview: BBC Radio 2 Jeremy Vine (Zigrand) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Jean-Pierre Zigrand, Director of Systemic Risk Centre, was invited to join the panel discussion at the BBC 2 Radio Jeremy Vine show on 18 May 2016 on the topic of European Union. It sparked discussions and raised the profile of SRC and LSE.
Year(s) Of Engagement Activity 2016
 
Description Investors eye this week's stability report from Carney (The Globe and Mail) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson, Director of Systemic Risk Centre, was interviewed by The Globe and Mail. It increased interest in the topics and raised the reputation of SRC and LSE.
Year(s) Of Engagement Activity 2016
URL http://www.pressreader.com/canada/the-globe-and-mail-ottawaquebec-edition/20160704/281840052986400
 
Description Issues in Empirically Modelling Systemic Risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Keynote speech and paper given by J Danielsson at 18th Annual Workshop on the Economic Science with Heterogeneous Interacting Agents in Reykjavik University, Iceland

Keynote speech and paper given at 18th Annual Workshop on the Economic Science with Heterogeneous Interacting Agents in Reykjavik University, Iceland
Year(s) Of Engagement Activity 2013
URL https://sites.google.com/site/wehia2013/
 
Description James - LSE Financial Regulation Seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Local
Primary Audience Policymakers/politicians
Results and Impact Kevin James presented "Ranking Financial Centers from the Perspective of the Real Economy: The Price of Going Public in the UK and the US" at LSE Financial Regulation Seminar, on 13 March 2017. The event sparked questions and discussion afterwards.
Year(s) Of Engagement Activity 2017
 
Description James - seminar at Swansea University 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Local
Primary Audience Postgraduate students
Results and Impact Kevin James presented "The IPO Market In Competitive Equilibrium" at University of Swansea Finance Seminar, 21 November 2017. The event sparked questions and discussion afterwards.
Year(s) Of Engagement Activity 2017
 
Description Jon Danielsson's interivew (Institutional Money) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson, Director of Systemic Risk Centre, was interviewed by a German newspaper Institutional Money on systemic risk and financial institutions. It increased interest in the topics and raised the profile of SRC and LSE.
Year(s) Of Engagement Activity 2016
 
Description Jon Danielsson's interview by Charles University 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Jon Danielsson, Director of Systemic Risk Centre, was interviewed and reported in the Newsletter of Institute of Economic Studies of the Faculty of Social Sciences at Charles University. It sparked questions and discussion and raised the reputation of SRC and LSE.
Year(s) Of Engagement Activity 2016
URL http://ies.fsv.cuni.cz/default/file/get/id/30777
 
Description Kremens - The Quanto Theory of Exchange Rates 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact Lukas Kremens presented the paper The Quanto Theory of Exchange Rates at these conferences: Annual Conference in International Finance (Cass Business School, June 2017, best paper prize), NBER Summer Institute (International Asset Pricing session, July 2017), European Winter Finance Conference (Andermatt, January 2018), Annual Conference of the Swiss Society for Financial Market Research (Zurich, April 2018). The paper also received Paul Woolley Working Paper Prize (July 2017).
Year(s) Of Engagement Activity 2017,2018
 
Description LSE Workshop on Networks in Macro & Finance Event 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact This event brought together researchers working in the emerging area that applies network theory to macroeconomics and finance. The workshop stimulated the academic discourse on the aggregate implications of network interactions in propagating and amplifying shocks in the economy.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/events/lse-workshop-networks-macro-finance
 
Description LSE and Business breakfast briefing: European Banking Union 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A Chatham House rule conference with high level stakeholders
Year(s) Of Engagement Activity 2013
URL http://www.systemicrisk.ac.uk/events/breakfast-briefing-european-banking-union
 
Description LSE-Bank of England Financial Market Infrastructure (FMI) Workshop 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact LSE Law hosted a research workshop on 9th May 2017 attended by members of LSE Law, the LSE Systemic Risk Centre and the Bank of England Financial Market Infrastructure Directorate. Papers were delivered on several topical themes including fintech, the recovery and resolution of central counterparties (CCPs), the use of collateral and insights from empirical research.
Year(s) Of Engagement Activity 2017
 
Description Law and Finance Conference - paper discussion by Jo Braithwaite 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Discussant: Law and Finance Conference, Oxford (27 May 2016). Jo Braithwaite delivered a detailed reply to a paper on how the efficient markets hypothesis might apply in the context of the markets in over-the-counter (non-exchange traded) derivatives.
Year(s) Of Engagement Activity 2016
 
Description Live broadcast on Icelandic TV - Jon Danielsson 
Form Of Engagement Activity A broadcast e.g. TV/radio/film/podcast (other than news/press)
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson gave a live interview on British General Elections day.
Year(s) Of Engagement Activity 2017
 
Description London-Paris Bachelier Workshop on Mathematical Finance 2017 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Albina Danilova presented "Speculative Trading and Derivative Market Imbalances" and Gareth Peters presented "Advances in Stochastic Mortality Modelling and Demographic Feature Extraction". The authors interacted with relevant audiences.
Year(s) Of Engagement Activity 2017
URL https://www.ucl.ac.uk/maths/events/other-events/london-paris-bachelier-mathematical-finance-2017/abs...
 
Description Looking Backward to Posterity: the statistics of crisis 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact George Santayana remarked "those who cannot remember the past are condemned to repeat it". Regulation following economic collapse has often been a precursor to calamity and this debate explores regulation's role in financial crises. Organisers: Kyle Moore (SRC, LSE) and Jon Danielsson (SRC, LSE)
Speakers: Jon Danielsson (Systemic Risk Centre, LSE), Casper de Vries (Erasmus School of Economics), Dan di Bartolomeo (Northfield Information Services, Inc), Philipp Hartmann (Head of Directorate General Research of the European Central Bank) and Mark Flood (Research Principal, Office of Financial Research, US Treasury)

Stimulated a public debate
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/looking-backward-posterity-statistics-crisis
 
Description Macrae - Where risk models go wrong 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Robert Macrae gave a webinar Where risk models go wrong on 14 Feb 2018 at CFA Society. Almost all modern investment processes involve a risk model as a way to balance risk and return, and with good reason. Making money is tough, as any variant of efficient markets hypothesis will suggest, but competitive pressures do not really apply in the same way to risk models and so we can expect reasoned estimates of risk to do better than guesses 9 times out of 10. As a result, risk models are everywhere, and largely they work well.

However, as someone who has written and used risk models for more than 25 years, Robert Macrae, CFA, does not think they work quite as well as their more enthusiastic promoters suggest. There are limits, there are problems, so it is well worth taking a step back and asking what we can realistically expect them to achieve. In this presentation, Robert will explore areas where risk software might give you answers that are unreliable
Year(s) Of Engagement Activity 2018
URL https://secure.cfauk.org/events/events-details/index.html?article=Mjg0Nw==
 
Description Macro-economic Stabilization in the euro-zone: a simple model and an application (with Christian Ruiz-Palermo) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A seminar given by Bob Hancke at the University of Geneva, 10 November 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Macroprudential Stress Test and Policies: A Framework 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The International Monetary Fund hosted the IMF/LSE Symposium: Macroprudential Stress Test and Policies: A Framework in Washington D.C. on December 15-16, 2016.

Stress testing has become firmly embedded in the postcrisis macroprudential agenda of major financial centers around the world. The aim of this project is threefold:
(i) present state-of-the-art macroprudential stress test methodologies discussing modeling and implementation challenges;
(ii) provide a roadmap for future research and practical implementations in stress testing and;
(iii) guide authorities on the use of MaPSTs to support macroprudential tool calibration and policies

The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/macroprudential-stress-test-and-policies-framework
 
Description Macroprudential oversight, risk communication and visualizations - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact This paper discusses the role of risk communication in macroprudential oversight and of visualization in risk communication. Beyond the soar in availability and precision of data, the transition from firm-centric to system-wide supervision imposes obvious data needs. Moreover, broad and effective communication of timely information related to systemic risks is a key mandate of macroprudential supervisors, which further stresses the importance of simple representations of complex data. Risk communication comprises two tasks: internal and external dissemination of information about systemic risks. This paper focuses on the background and theory of information visualization and visual analytics, as well as techniques provided within these fields, as potential means for risk communication. We define the task of visualization in internal and external risk communication, and provide a discussion of the type of available macroprudential data and an overview of visualization techniques applied to systemic risk. We conclude that two essential, yet rare, features for supporting the analysis of big data and communication of risks are analytical visualizations and interactive interfaces. This is illustrated with implementations of three analytical visualizations and five web-based interactive visualizations to systemic risk indicators and models.

The event generated questions and discussion.

The event generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/peter-sarlin-0
 
Description Making markets fair and effective - Public Lecture 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A public speech given by Nemat (Minouche) Shafik, Deputy Governor of the Bank of England. Shafik is Deputy Governor for Markets & Banking. She represents the Bank in international groups and institutions, including as G7 Deputy and in the Bank's engagement with the IMF, overseas central banks and the Bank for International Settlements (BIS). Dr Shafik sits on the Monetary Policy Committee, and attends the Financial Policy Committee and the Bank's Court of Directors. The event generated questions and discussion.

The event generated questions and discussion on an important topic
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/making-markets-fair-and-effective-public-lecture
 
Description Managing and financing European bank resolution 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A one-day conference on managing and financing European bank resolution organised by Charles Goodhart

Interaction with audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/managing-and-financing-european-bank-resolution
 
Description Mapping European Competitiveness - talk by Neugebauer at Bruegel 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact It was the final conference of the EU project MAPCOMPETE which had high policy relevance. The Blueprint will be published by Bruegel.

The presentation sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://mapcompete.eu/wp-content/uploads/2015/05/Mapcompete-Final-conference-plan.pdf
 
Description Mark-to-Market Accounting and Systemic Risk: Evidence from the Insurance Industry 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation keynote/invited speaker
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact A seminar by Andrew Ellul on "Mark-to-Market Accounting and Systemic Risk: Evidence from the Insurance Industry"

Interaction with relevant academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/andrew-ellul
 
Description Market Liquidity Resilience 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A paper presented by JP Zigrand at the Cardiff Business School in March 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Market Resilience 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact JP Zigrand presented a paper at a Finance Seminar - joint with SAFE. It generated questions and discussion.

It generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://safe-frankfurt.de/news-media/events/event-view/termin/event/tx_cal_phpicalendar/2014/04/29/fi...
 
Description Market liquidity Resilience 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by E Panayi at Risk & Stochastics Conference, LSE on 24-25 April 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Market liquidity Resilience 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by E Panayi at Forecasting Financial Markets conference, Marseille on 21-23 May 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Masterclass series: Heavy Tails & Extreme Value Theory and Market Risk & Systemic Risk 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact The workshop sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/masterclass-series-heavy-tails-extreme-value-theory-and-market-...
 
Description Masterclass series: Prediction and investment strategies in markets prone to crashes and bubbles 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact This Masterclass will cover a number of relevant topics where we have reliable models concerning the prediction of stock market crashes, including entry and exit/shorting times. By a bubble market we mean a market whose price exceeds fair value and that is increasing in price through some self-fulfilling feedback loop. To the extent that bubble markets appear and rise because of behavioural considerations and market euphoria, such diagnostic tools are useful to prevent excessively risky positions. A related topic aims to better understand the risks that people in banks and other institutions run of losing outsized amounts of money trading derivatives. We will discuss a number of cases where huge losses were borne that could have been prevented with proper risk control models. Finally we will discuss the pros and cons (including risk) of the Kelly investment strategy and it variants that attempt to maximise long run growth of wealth.

Dissemination of specialised knowledge
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/masterclass-series-prediction-and-investment-strategies-markets...
 
Description Masterclass series: Risk Management Issues in Central Counterparty Clearing 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/masterclass-series-risk-management-issues-central-counterparty-...
 
Description Masterclass series: Risky Strategic Interactions and the Emergence of Stationary Network Dynamics 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/masterclass-series-risky-strategic-interactions-and-emergence-s...
 
Description Masterclass series: Static and Dynamic Portfolio Theory and Applications 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/masterclass-series-static-and-dynamic-portfolio-theory-and-appl...
 
Description Masterclass series: Strategic network formation and the emergence of equilibrium network dynamics 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to interact, and over time both the structure (the "with whom") and the strategy ("the how") of interactions change. Our objectives will be to model the structure and strategy of interactions prevailing at any point in time as a directed network and to address the following questions in the theory of social and economic network formation: (i) Given the rules of network formation, the preferences of individuals over networks, and the strategic behaviour of individuals and coalitions in forming networks, what networks are likely to emergence and persist. Thus, we propose to study the emergence of endogenous networks from the rules of network formation and the strategic behaviour of individuals and coalitions in forming networks. (ii) Given the rules of network formation, the preferences of individuals over networks, the strategic behaviour of coalitions in forming networks, and the trembles of nature through time, what network and coalitional dynamics are likely to emergence and persist. Thus, we propose to study the emergence of equilibrium network dynamics from the rules of network formation, the preferences of individuals over networks, the strategic behaviour of coalitions in forming networks, and the randomness in nature through time.

Dissemination of specialised knowledge
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/masterclass-series-strategic-network-formation-and-emergence-eq...
 
Description Masterclass series: risk management issues in central counterparty clearing 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact This masterclass provided an overview of the current risk management issues in central counterparty clearing. The course started with an introduction to the clearing process and central counterparties (CCPs) and then delve into the finer points and challenges encountered both conceptually and in practise. The course covered the following topics: solvency and liquidity requirements, stress testing, margining methodologies, intra-day margin erosion, concentration risk, collateral management, defaulter pays versus mutualised models and recovery plans. The course sought to engage participants in also providing their perspective and views on how to address potential risk management challenges that exist in the central clearing process today.

A very informative session on an important aspect related to current risk management which was beneficial to the audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/masterclass-series-risk-management-issues-central-counterparty-...
 
Description Media interview on Iceland capital controls (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed by MORGUNBLAÐIÐ FÖSTUDAGUR on Iceland capital controls on 12 June 2015. The interview sparked questions and discussions and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
 
Description Media interview on Icelandic capital controls (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed on Icelandic media on the topic of capital controls. The interview sparked questions and discussion afterwards and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://www.mbl.is/vidskipti/frettir/2015/06/12/vildu_afram_hafa_hoft_a_islandi_3/
 
Description Media mention: Capital Flows, Systemic Risk, and Policy Responses conference 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The conference Capital Flows, Systemic Risk, and Policy Responses organised by Systemic Risk Centre, Central Bank of Iceland, and International Monetary Fund held in April 2016 was reported in MORGUNBLAÐIÐ LAUGARDAGUR (Icelandic media). It increased interests in the topics and raised the reputation of SRC.
Year(s) Of Engagement Activity 2016
 
Description Meeting with Federal Reserve and IMF staff 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Jon Danielsson engaged with IMF staff and Federal Reserve staff in June 2015 on topics of systemic risk and macroprudential policies. The meetings sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Meeting with Financial Conduct Authority 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Jon Danielsson and Jean-Pierre Zigrand met with high-level officials in Financial Conduct Authority to discuss whether and in what way asset managers create systemic risks and what an appropriate public policy response might be.
Year(s) Of Engagement Activity 2015
 
Description Member of scientific committees of conferences (Julliard) 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Christian Julliard was a member of the scientific organising committees of European Finance Association annual meeting (main European Finance conference); European Economic Association annual meeting, (main European Economics conference); Economic Networks and Finance conference (co-organizer); CSEF-EIEF-SITE Conference on Finance and Labor (scientific committee).
Year(s) Of Engagement Activity 2016
 
Description Midwest Finance Association 2017 Annual Meeting . Why Risk Is So Hard To Measure (Danielsson) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Jon Danielsson's co-authored paper Why Risk Is So Hard To Measure was presented at the conference. It sparked interests and discussion in the relevant research topics.
Year(s) Of Engagement Activity 2017
URL https://www.midwestfinance.org/
 
Description Misspecified Recovery - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Seminar by Jose Scheinkman. Abstract: Asset prices contain information about the probability distribution of future states and the stochastic discounting of these states. Without additional assumptions, probabilities and stochastic discounting cannot be separately identified. Ross (2013) introduced a set of assumptions that restrict the dynamics of the stochastic discount factor in a way that allows for the recovery of the underlying probabilities. We use decomposition results for stochastic discount factors from Hansen and Scheinkman (2009) to explain when this procedure leads to misspecified recovery. We also argue that the empirical evidence on asset prices indicates that the recovered measure would differ substantially from the actual probability distribution and that interpreting this measure as the true probability distribution may severely bias our inference about risk premia, investors' aversion to risk, and the welfare cost of economic fluctuations.

The event generated questions and discussion.

The event generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/jose-scheinkman
 
Description Model Risk of Risk Models 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A talk by J Danielsson at the London Quant Group Autumn Seminar in Oxford on 7-9 Sept 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://lqg.org.uk/autumn-seminar-2014-in-oxford/
 
Description Model risk in systemic risk models 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A presentation by Eric Schaanning at the Chinese University of Hong Kong & Imperial College conference, London, June 2016.
Year(s) Of Engagement Activity 2016
 
Description Modelling Risk Amplification Mechanisms for Macro-prudential Policymaking 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact The global financial crisis emphasised the importance of understanding direct and indirect interconnections in the financial system, and the ways in which institutions' actions could amplify and propagate stress throughout the system. Since the crisis, significant progress has been made in understanding and modelling a variety of these systemic risk amplification mechanisms and how they interact. Policymakers across the globe are now looking to incorporate such models into their macro-prudential toolkits.

The purpose of this workshop is to act as a forum for academics and policymakers to discuss recent advances in research and modelling in this area. It is intended to act as a springboard for new collaborations and research ideas, which can in turn inform the development of the next generation of systemic risk models for macro-prudential policymaking.

The workshop is jointly organised with the Bank of England.

The event sparked questions and discussion afterward and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/modelling-risk-amplification-mechanisms-macro-prudential-policy...
 
Description Models and Crises: Do Financial Models Affect the Incidence and Severity of Financial Crises? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Evening debate. Some financial models have been singled out as contributing to the crisis, for example Gaussian copula models for CDO pricing. Other models, such as those used for risk forecasting, are widely seen as having failed before 2007, but still are a central element in the new financial regulations. The panel of experts, drawn from industry and academia, will debate the usefulness of financial models, disagreeing on the question of whether they should be sent to the bin or used even more intensively.

Debate on topical issues
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/models-and-crises-do-financial-models-affect-incidence-and-seve...
 
Description Monetary policy and financial (in)stability 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact While serving distinct objectives, monetary policy and financial stability policy potentially interact in several ways. For example, periods of low interest rates may encourage risk-taking by financial institutions and prepare future crisis, absent proper regulatory safeguards or macroprudential actions. Conversely, financial instability issues may hamper the normal transmission channels of monetary policy. The six research papers gathered in this conference seek to further our understanding of these and related interactions.

The one-day conference is hosted by the Banque de France and jointly organised by the Banque de France, Sciences Po and the Systemic Risk Centre of the London School of Economics.

The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/monetary-policy-and-financial-instability
 
Description Money for Nothing - Film Show 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A special screening of the exciting new documentary that takes audiences inside the world's most powerful financial institution: 'Money For Nothing: Inside the Federal Reserve' followed by a panel discussion.

First screening of the film in Europe. Interaction with audience.
Year(s) Of Engagement Activity 2013
URL http://www.systemicrisk.ac.uk/events/money-nothing-film-show
 
Description Monitoring Systemic Risk: Data, Models and Metrics Workshop 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact JP Zigrand participated in the workshop held in Oxford in September 2014. The sessions generated questions and discussion.

The sessions generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL https://www.newton.ac.uk/event/syrw02
 
Description Need for Speed: An Empirical Analysis of Hard and Soft Information in a High Frequency World - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Abstract: We study the role of high frequency traders (HFTs) and non-HFTs in processing hard index price information and soft news information. We show that HFTs and non-HFTs play complementing roles in processing hard and soft information. On one side, we find that HFTs dominate non-HFTs in processing hard information by exhibiting a stronger reaction after the hard information shocks. Thereby, they create a stronger linkage between the futures and stock markets. We demonstrate that speed matters for hard information processing and realizing trading gains due to high short-run trading profits. On the other side, soft news information is primarily processed by non-HFTs and is incorporated into stock prices for a longer amount of time.

The event generated questions and discussion.

The event generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/sarah-zhang
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Professional Practitioners
Results and Impact A presentation by K Yuan at Bank of England. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by K Yuan at the IV Workshop ME@Ravello: Rent Seeking in Markets and Institutions: Facts, Theory and Policy in the Wake of the Financial Crisis in June 2014 in Villa Rufolo, Ravello, Italy. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.csef.it/IMG/pdf/final_program-3.pdf
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Lecture by C Julliard at Duisenberg School of Finance

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Talk by C Julliard at 2014 Western Finance Association Meetings, Monterey Bay, California USA on 15-18 June 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Conference paper presentation by C Julliard at Economic Networks and Banking Conference, LSE

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Lecture by C Julliard at University of Glasgow

Interaction with relevant audience
Year(s) Of Engagement Activity 2014
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Oral presentation by C Julliard at Swiss Finance Institute, Lugano

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Lecture by C Julliard at Luxembourg School of Finance

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Conference paper presentation at CEPR - Financial Stability and Regulation Conference in Barcelona

Interaction with relevant audience
Year(s) Of Engagement Activity 2014
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Oral presentation by C Julliard at Banque de France

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Lecture by C Julliard at Birkbeck University

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A talk by C Julliard at 2014 CEPR European Summer Symposium in Financial Markets at Gerzensee, Switzerland, July 14-25, 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Network Risk and Key Players: A Structural Analysis of Interbank Liquidity - invited talk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact K Yuan was invited speaker at the Monitoring Systemic Risk: Data, Models and Metrics workshop in September 2014 in Oxford. The presentation generated questions and discussion.

The presentation generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL https://www.newton.ac.uk/event/syrw02/timetable
 
Description Network Risk and Key Players: Structural Analysis of Interbank Liquidity 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Paper presentation by K Yuan at ESRC Conference on Diversity in Macroeconomics

Interaction with relevant audience
Year(s) Of Engagement Activity 2014
 
Description Networked Default: Public Debt, Trade Embeddedness, and Partisan Survival in Democracies since 1870 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by J Chwieroth at Annual Meeting of the American Political Science Association, Washington, DC, 28 - 31 August 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Newspaper interview on the Chinese financial market crisis (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was Interviewed by the Icelandic Newspaper "Frettabladid" about the Chinese financial market crisis, why it happened and what may happen. It sparked questions and discussion afterwards and raised the profile of our organisation.
Year(s) Of Engagement Activity 2016
 
Description Non-Stationarity and Ergordicity in Economic and Financial Systems 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Fabio Caccioli co-organised the Non-Stationarity and Ergordicity in Economic and Financial Systems conference (satellite of CCS16), in Amsterdam (Netherlands), on 20 September 2016.

Financial and economic systems are important in every aspects of our life, but their complexity
makes it difficult to develop reliable theories to understand their dynamics. In fact, standard
approaches in finance and economics rely on concepts and underlying hypothesis (such as the
existence of equilibria, market efficiency, perfect competition, rationality) that are far from
realistic.

The need to go beyond such simplifying assumptions has been highlighted after the financial
crisis of 2008 by a number of scientists as well as by policy makers and regulators. To this
end, a multidisciplinary approach has been advocated by all parties.

In this Satellite we are interested in exploring connections between non-equilibrium statistical physics
and financial and economic systems.
Year(s) Of Engagement Activity 2016
URL https://sites.google.com/site/neefsccs2016/
 
Description Northern Finance Association annual conference in Mont-Tremblant, Canada 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact A talk by Alper Odabasioglu at the Northern Finance Association annual conference in Mont-Tremblant, Canada.The talk generated questions and discussion.
Year(s) Of Engagement Activity 2016
 
Description Not European anymore? How an Increasingly Fragmented Financial Sector Affects Global Firms - talk by Neugebauer at Kiel Institute Policy Breakfast 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact The talk sparked questions and discussion afterwards increased interest in related subject areas
Year(s) Of Engagement Activity 2015
 
Description Obizhaeva - presentations 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact Olga Obizhaeva presented her paper Fundraising in the Hedge Fund Industry in several seminars: New Economic School (14 December 2017), Higher School of Economics (15 December 2017), Frankfurt School of Finance&Management (19 January 2018), Stockholm School of Economics (26 January 2018), Rice University (2 February 2018).
Year(s) Of Engagement Activity 2017,2018
 
Description Odabasioglu Informed trade uncertainty, amplification mechanisms and persistent price deviations 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Odabasioglu presented his paper Informed trade uncertainty, amplification mechanisms and persistent price deviations at the Seminar at Bank of Canada in February 2018. The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2018
 
Description Organisation of a contributed session (title: "Money's Too Tight to Mention: Determinants and Effects of Firms' Financing Constraints") at ASSA Meetings 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The workshop sparked questions and discussion afterwards reported increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
 
Description Organisation of session "Social media and finance: quantifying social media impact on financial dynamics" in CFE 2015 (Germano) 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The five talks in the session sparked questions and discussion afterwards reported increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.cfenetwork.org/CFE2015
 
Description P2PFISY 2017: P2P Financial Systems International Workshop 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Paolo Tasca and Tomaso Aste were part of the programme and organising committee of the P2PFISY 2017: P2P Financial Systems International Workshop, University College London, London, UK, July 20-21, 2017
Year(s) Of Engagement Activity 2017
URL https://www.p2pfisy.com/about/
 
Description PRI Academic Workshop 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/pri-academic-workshop
 
Description Panel Discussion: Challenges and Opportunities in Reforming Bank Culture 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Five years after the beginning of the financial crisis, the public policy debate has shifted from its causes to the remedies needed to prevent its reoccurrence. Following several studies such as the Kay Review or the Salz Review, a consensus has emerged that a negative bank culture was a core cause of the crisis. Yet our understanding of culture in banks remains incomplete: bank specialists such as economists have traditionally neglected cultural explanations, and culture specialists such as sociologists and anthropologists have largely ignored finance. Unsurprisingly then, most proposed changes involve purely structural measures such as limits to bankers' bonuses, or the separation of investment and commercial banking. But it is unclear how effective these can be. As years of research by management scholars have shown, organisational change is difficult. In the absence of cultural change, structural measures by themselves are rarely sufficient to achieve enduring change. A cultural transformation needs to take place for such measures to work.



This panel event will bring together academics and practitioners, and will foster debate about cultural change in banks in the City of London, whilst addressing the following questions:

•What should be the role of culture in reforming banks?

•What are the appropriate role models and best practices in bank culture?

•What are the dangers and challenges in reforming bank culture?

Interaction with relevant audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/panel-discussion-challenges-and-opportunities-reforming-bank-cu...
 
Description Panel discussion at Lisbon Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation keynote/invited speaker
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact JP Zigrand participated in a panel discussion at the International conference on Tendências Actuais e Perspectivas de Evolução da Regulação
e Supervisão do Sector Financeiro Na UE e em Termos Internacionais in Lisbon on 19 June 2014.

The session generated questions and discussion.

The session generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Panel discussion: Bank Culture and Financial Reform: What Works? 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/bank-culture-and-financial-reform-what-works
 
Description Perspectives on Systemic Risk 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Systemic financial risk can be caused by many factors such as: financial decisions, legal and accounting rules, and politics. While all of these factors can on their own trigger systemic events, it is the interaction between them which is especially dangerous because it creates new avenues for vicious feedback loops. Unfortunately, these channels for systemic risk are usually studied within disciplinary silos, giving us a rather fragmented understanding of how systemic risk is created. The aim of the conference is to bring together speakers from accounting, economics, finance, law and political science to break down these silos and present a more complete analysis of the nature of systemic risk.
The conference sparked questions and very interesting discussion.

Stimulated lively discussion and enabled audience to exchange ideas. Video clips are on the Systemic Risk Centre Youtube channel which highlight a few opinions and can potentially reach a vast number of viewers.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/perspectives-systemic-risk
 
Description PhD seminar at LSE - Olga Obizhaeva 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact The seminar generated questions and discussions.
Year(s) Of Engagement Activity 2017
 
Description Policy Responses to Banking Crises over the Longer Run 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact A presentation by Jeffrey Chwieroth and Andrew Walter (University of Melbourne). Paper presented at the annual meeting of the International Political Economy Society, Duke University, Durham, NC, 11 - 12 November 2016.
Year(s) Of Engagement Activity 2016
 
Description Political Economy of Macroprudential 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A presentation by Charles Goodhart at the National Institute of Economic and Social Research (NIESR) conference on "Financial Regulation" held at the Bank of England, London, on 18 March 2016.

Since the global financial crisis, a number of regulatory policies have been discussed, proposed and sometimes implemented to address shortcomings in the regulatory framework. These include capital and liquidity regulation (notably via Basel III), developments in cross border bank resolution, macro-prudential policies and the issue of "too-big-to-fail".

With contributions from some of the world's leading authorities on regulation, this conference will provide a critical overview of alternative measures and ask whether we are any closer to a financial system that is both appropriately stable and efficient in fulfilling its functions to the wider economy.
Year(s) Of Engagement Activity 2016
URL http://www.niesr.ac.uk/events/financial-regulation-are-we-reaching-efficient-outcome#.WMkWvm_yiHs
 
Description Political Economy of Systemic Risk 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Politics lies at the heart of systemic financial risk. It impacts its evolution in terms of financial decisions and market practices, its regulation via international rules and domestic priorities, and its resolution in accordance with and against core interests. This conference explores how key aspects of the political process fundamentally shape systemic risk in the financial system. It features cutting-edge research from a range of scholarly traditions examining the political economy of systemic risk.

The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/political-economy-systemic-risk-0
 
Description Political economy of macroprudential (Charles Goodhart) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A video interview of Charles Goodhart was published in the VoxEu article "Financial regulation: Not yet an efficient outcome" by Angus Armstrong and Philip Davis.
Year(s) Of Engagement Activity 2016
URL http://voxeu.org/article/financial-regulation-not-yet-efficient-outcome
 
Description Political economy of systemic risk 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A conference on political economy of systemic risk, the politics of banking crises, and politics of financial stability and regulation

Interaction with relevant academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/events/political-economy-systemic-risk
 
Description Portfolio optimization under expected shortfall: contour maps of estimation error 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Contributed talk on "Portfolio optimization under expected shortfall: contour maps of estimation error" given by Fabio Caccioli at the Workshop on the Economic Science with Heterogeneous Interacting Agents (WEHIA) in Castellón (Spain) on 22-24 June 2016
Year(s) Of Engagement Activity 2016
URL http://catedrabde.uji.es/wehia/index.html
 
Description Portfolio optimization under expected shortfall: contour maps of estimation error 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Contributed Talk on "Portfolio optimization under expected shortfall: contour maps of estimation error" given by Fabio Caccioli at the Conference on Complex Systems, Amsterdam (Netherlands), September 2016
Year(s) Of Engagement Activity 2016
URL http://www.ccs2016.org/
 
Description Presentation at LSE Executive Summer School 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact JP Zigrand presented work on systemic risk to participants at the LSE Executive Summer School in June 2014. The session generated questions and discussion.

The session generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Presentation on Blockchain at Blockchain (R)evolution 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Presentation given by Tomaso Aste at Blockchain (R)evolution.

The third edition of the Blockchain Workshops, a multi-disciplinary collaboration between leading academic and institutions that will convene a special group of stakeholders at the intersection of related disciplines to focus discussion on the high value application of blockchain technologies and implications for our global community, oversight regimes, economic infrastructure, and evolving social order. Hear from the leading developers, practictioners and innovators in the blockchain-related banking, social and academic ecosystems.
Year(s) Of Engagement Activity 2015
URL https://www.eventbrite.com.au/e/blockchain-revolution-tickets-17074854349#
 
Description Presentations on Blockchain at the QuanTech Conference: Distributed Ledger Technology 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Presentations on Blockchain by Tomaso Aste
Year(s) Of Engagement Activity 2016
URL http://docplayer.net/40705189-Quantech-conference-distributed-ledger-technology-grand-connaught-room...
 
Description Pricing in a complex financial market: instability from local measures 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Invited talk by G Livan at the 4th SigmaPhi Conference on July 8, 2014 in Rhodes, Greece. The conference audience is mostly made of physicists working on complex systems (in physical and non-physical domains such as finance, biology, etc). The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Prime Broker-Level Comovement in Hedge Fund Returns: Information or Contagion? - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact The seminar generated questions and discussions.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/byoung-uk-kang
 
Description Procyclical Leverage and Endogenous Risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact A seminar by JP Zigrand at the Macro seminar at Tilburg University, November 4th 2014. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL https://www.tilburguniversity.edu/about/schools/economics-and-management/news/events/seminars/econom...
 
Description Public Lecture: The Interplay of Markets and Politics 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The Systemic Risk Centre hosted a dialogue with Dr. Axel A. Weber, Group Chairman UBS & Former President of the Bundesbank, moderated by Lutfey Siddiqi, Visiting Professor-in-Practice, LSE. The Public Lecture was well attended and sparked much interest.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/events/interplay-markets-and-politics-public-lecture
 
Description Public lecture: Artificial Intelligence and Systemic Risk 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Lutfey Siddiqi (Visiting Professor-in-Practice, LSE Centre for International Studies) chaired a panel discussion consisting of Ken Benoit (Department of Methodology, LSE), Jon Danielsson (SRC, LSE) and Eva Micheler (LSE Law)

With Artificial Intelligence overtaking human intelligence at driving cars and outplaying it at games, is the financial system next? Will AI stabilise or destabilise the financial system? Might AI even cause a systemic financial crisis? The panel generated a lot of thought-provoking discussion.
Year(s) Of Engagement Activity 2018
URL http://systemicrisk.ac.uk/events/artificial-intelligence-and-systemic-risk
 
Description Public lecture: Recent Developments in Turkey's Economy 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A public lecture on Recent Developments in Turkey's Economy was organised by SRC on 12th March 2019.
Speaker: Selin Sayek Böke (Member of Turkish Parliament)
Chair: Sergei Guriev (Chief Economist of the European Bank for Reconstruction and Development & Professor of Economics at Sciences Po)
Organisers: Cevat Giray Aksoy (EBRD, LSE & IZA), Davide Luca (University of Cambridge, LSE & GSSI) and Orkun Saka (LSE & SRC)
The lecture sparked interesting debates and discussions.
Year(s) Of Engagement Activity 2019
URL http://www.systemicrisk.ac.uk/events/recent-developments-turkey%E2%80%99s-economy
 
Description Public lecture: The Future of Money 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A public panel on The Future of Money was organised by SRC in November 2018.
Chair: Sir Ross Cranston (Professor of Law, Department of Law, LSE)
Panellists: Jon Danielsson (SRC, LSE Finance), Eva Micheler (SRC, LSE Law) and Nikola Tchouparov (Moneyfold Ltd)
The panel sparked animated discussions and debate on relevant topics.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/events/future-money-public-lecture
 
Description Public lecture: Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A public lecture on Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State was organised by SRC.
Speaker: Paul Tucker (Harvard Kennedy School Fellow, Chair of the Systemic Risk Council)
Chair: Prof. Charles Goodhart, FMG, LSE
The talk sparked animated discussions.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/events/unelected-power-quest-legitimacy-central-banking-and-regulatory...
 
Description Radio interview on Iceland's crisis (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed on Iceland's radio on the topic of Iceland's crisis. It sparked questions and discussion and raised the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://www.ruv.is/frett/eins-og-plastur-a-krabbamein
 
Description Radio interview on crisis (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed on Iceland radio. It sparked questions and discussion afterwards and increased the profile of our organisation.
Year(s) Of Engagement Activity 2015
URL http://www.visir.is/adgerdirnar-nidurlaegjandi-fyrir-grikki/article/2015150719707
 
Description Radio interview: Iceland Radio about central bank laws in Iceland (Danielsson) 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Jon Danielsson was interviewed in the radio programme Sprengisandur on the Bylgjan radio station. The interview sparked questions and discussions about proposed central bank laws in Iceland.
Year(s) Of Engagement Activity 2015
 
Description Recovery Costs from Systemic Risk Perspective 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A talk by T Aste at ECCS14 European Conference on Complex Systems, GSS Session, 22-26 September 2014, Lucca, Italy. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Risks, challenges and opportunities in increasingly complex, interconnected and fast markets 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A talk by T Aste at the Practitioner Event Quant Invest 2014, 29-30 September 2014, London, UK. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2014
 
Description Rosa - CNBC interview on European issues 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Brunello Rosa gave an interview with CNBC on 6th February 2019 and discussed European issues ahead of the May 2019 elections and Italy's third recession since 2008.
Year(s) Of Engagement Activity 2019
URL https://www.cnbc.com/video/2019/02/06/euro-zone-could-face-recession-in-2020-analyst-says.html
 
Description Rosa - Chatham House article "Italy thumbs its nose at EU" 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Brunello Rosa is the author of "Italy thumbs its nose at EU" in the Chatham House The World Today published in the April/May 2018 issue. He warns that Election will have repercussions for Europe. The piece sparks thoughts and discussion afterwards.
Year(s) Of Engagement Activity 2018
URL https://www.chathamhouse.org/publications/twt/italy-thumbs-its-nose-eu
 
Description Rosa - Financial crisis opinion piece 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Opinion piece "The Makings of a 2020 Recession and Financial Crisis" by N Roubini and Brunello Rosa on 13 Sept 2018. Although the global economy has been undergoing a sustained period of synchronized growth, it will inevitably lose steam as unsustainable fiscal policies in the US start to phase out. Come 2020, the stage will be set for another downturn - and, unlike in 2008, governments will lack the policy tools to manage it. It sparked discussion and thoughts afterwards.
Year(s) Of Engagement Activity 2018
URL https://www.project-syndicate.org/commentary/financial-crisis-in-2020-worse-than-2008-by-nouriel-rou...
 
Description Rosa - TALENTED ITALIANS in THE UK at the Italian Chamber of Commerce and Industry for the UK 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Brunello Rosa participated in the formal working group "TALENTED ITALIANS in THE UK at the Italian Chamber of Commerce and Industry for the UK". The TIUKA's Members are Italians of success who want to give their contribution to strengthen further the relation of the Italian Community with Italy and the UK. The Association aims to maintain a link between the UK and Italy, collaborating with the other existing Anglo-Italian organisations with similar goals.
Year(s) Of Engagement Activity 2018
URL https://www.italchamind.eu/tiuk_association/tiuk-association
 
Description Rosa - media interview with Russia Today on global crisis 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Brunello Rosa gave an interview with RT in October 2018. The Americans in general and the Trump administration in particular are never shy of extolling their economic achievements and not without merit - the American economy of late has indeed been looking great. But there's an increasing number of economists who claim this boom may be short-lived and is setting the stage for yet another global crisis. If the fall indeed comes, how hard is it likely to be? To discuss this, Oksana is joined by Brunello Rosa, founder and CEO at Rosa & Roubini Associates.
Year(s) Of Engagement Activity 2018
URL https://www.youtube.com/watch?v=rSTgHcAbbm4
 
Description Rosa - regular newsletters "Making Sense of this World" 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Brunello Rosa is a regular contributor to the newsletter "Making sense of this world". The pieces spark thoughts and discussion afterwards.
Year(s) Of Engagement Activity 2018,2019
URL https://content.rosa-roubini-associates.com/making-sense-of-this-world-archive/
 
Description Roundtable: Systemic Risk at LSE 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Event for Centre partners, discussing the four pillars of the Centre, and the main challenges in systemic risk.

Shaping research agenda and liaison with stakeholders
Year(s) Of Engagement Activity 2012
URL http://www.systemicrisk.ac.uk/events/roundtable-and-reception
 
Description Russian Business Week, LSE - Olga Obizhaeva 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Olga Obizhaeva chaired a session at the 2017 Russian Business Week, LSE.
Year(s) Of Engagement Activity 2017
 
Description SCITEB workshop on Financial System Stability 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Jean-Pierre Zigrand participated in the SCITEB workshop with the objective to develop new understanding of scientific, economic and regulatory approaches to financial system resilience through a global collaboration between academics, regulators, investors and practitioners. The group aim to develop new and applied theoretical frameworks in engagement with deep practical problems. The workshop sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2014
 
Description Saka - How state-owned banks in Turkey support the ruling party 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Blog post on LSE European Politics and Policy blog. How state-owned banks in Turkey support the ruling party by Çagatay Bircan and Orkun Saka.
Year(s) Of Engagement Activity 2019
 
Description Samfélagið vill banka 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Newspaper article in Icelandic main paper (Morguunbladid) interviewing Jon Danielsson

Dissemination to the general public
Year(s) Of Engagement Activity 2014
 
Description Schumpeter, Minsky, and the FCA: Exploring the links between financial regulation, growth, and stability 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact The conference had a particular focus on:
• Corporate governance, regulation, and economic performance
• The Minsky hypothesis
• Asset management and financial stability

Ross Levine (UC Berkeley) delivered the keynote address on "Regulating for Prosperity". Other speakers included Colin Mayer (Oxford), Youfei Xiao (Duke), and Kevin James (FCA/LSE) on corporate governance, Jon Danielsson (LSE) and Isabelle Roland (LSE) on the Minsky hypothesis, Yuliya Baranova (Bank of England), Luis Brandao (IMF) and Robert Taylor (FCA) on asset management and financial stability, Cindy Alexander (SEC) on the value of securities regulation, and Peter Rousseau (Vanderbilt) on a key 19th century episode of regulating for prosperity.

The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/events/schumpeter-minsky-and-fca-exploring-links-between-financial-reg...
 
Description Seminar Liquidity, Government Bonds and Sovereign Debt Crises Francesco Molteni 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/francesco-molteni
 
Description Seminar - Ambrogio Cesa-Bianchi 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Ambrogio Cesa-Bianchi in October 2018
Speaker: Ambrogio Cesa-Bianchi (Bank of England)
Seminar Title: Firm Heterogeneity, Credit Spreads, and Monetary Policy
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/seminars/ambrogio-cesa-bianchi
 
Description Seminar - Angela Gallo 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Angela Gallo in February 2019.
Speaker: Angela Gallo (Cass Business School)
Seminar Title: Beyond Regulatory Arbitrage: Novel Evidence on ABCP Market
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2019
URL http://www.systemicrisk.ac.uk/seminars/angela-gallo
 
Description Seminar - Christophe Perignon 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Christophe Perignon gave a seminar on Pitfalls in Systemic-Risk Scoring in SRC. The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://systemicrisk.ac.uk/seminars/christophe-perignon
 
Description Seminar - Did the Basel Process of Capital Regulation Enhance the Resiliency of European Banks? by Thomas Gehrig 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/seminars/thomas-gehrig
 
Description Seminar - Elise Gourier 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Elise Gourier in June 2018.
Speaker: Elise Gourier (Queen Mary University of London)
Seminar Title: How Alternative Are Alternative Investments? The Case of Private Equity Funds
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/seminars/elise-gourier
 
Description Seminar - Elise Payzan-LeNestour 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Elise Payzan-LeNestour in April 2018.
Speaker: Elise Payzan-LeNestour (UNSW Australia Business School)
Seminar Title: The Waterfall Illusion, and How Prior Exposure to Extreme Risk Distorts Risk Perception
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/seminars/elise-payzan-lenestour
 
Description Seminar - Emmanouil Karimalis 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Emmanouil Karimalis gave a seminar on Multi yield curve stress-testing framework incorporating temporal and cross tenor structural dependencies in SRC. The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://systemicrisk.ac.uk/seminars/emmanouil-karimalis
 
Description Seminar - Giovanni Calice 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Giovanni Calice in December 2018.
Speaker: Giovanni Calice (Loughborough University)
Seminar Title: The Term Structure of Sovereign CDS and the Cross-Section of Exchange Rate Predictability
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/seminars/giovanni-calice
 
Description Seminar - H. Peyton Young 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact H. Peyton Young gave a seminar on Modelling Contagion in Financial Networks: The Credit Default Swaps Market in SRC. The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2018
URL http://systemicrisk.ac.uk/seminars/h-peyton-young-lse-and-university-oxford
 
Description Seminar - Jeremy Barnett 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Jeremy Barnett is a practising Barrister, Recorder and director of Resilience Partners Limited. He is a Director of the Construction Blockchain Consortium (CBC) at UCL and has conducted research into algorithmic dispute resolution and the law of algorithms over a number of years. For 5 years he was the visiting professor of Law Informatics at Leeds University where he lead the Court 21 project, a research group in virtual courts.
He gave a seminar on Algorithms and the Law at the SRC. The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://systemicrisk.ac.uk/seminars/jeremy-barnett
 
Description Seminar - Jorge Cruz Lopez 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Jorge Cruz Lopez gave a seminar on Residual Risk and Default Waterfalls in Central Counterparties in SRC. The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2018
URL http://systemicrisk.ac.uk/seminars/jorge-cruz-lopez
 
Description Seminar - Luitgard A. M. Veraart 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Luitgard A. M. Veraart gave a seminar on Distress and default contagion in financial networks in SRC. The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://systemicrisk.ac.uk/seminars/luitgard-m-veraart
 
Description Seminar - Martin Scheicher 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Martin Scheicher in November 2018.
Speaker: Martin Scheicher (European Central Bank)
Seminar Title: The Anatomy of the Euro Area Interest Rate Swap Market
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/seminars/martin-scheicher
 
Description Seminar - Strategic Default in Financial Networks by Nizar Allouch 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/seminars/nizar-allouch
 
Description Seminar - The Information Content of Dividends: Safer Profits, not Higher Profits by Stefano Rossi 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/seminars/stefano-rossi
 
Description Seminar - Umberto Cherubini 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Umberto Cherubini in March 2019.
Speaker: Umberto Cherubini (Università Di Bologna)
Seminar Title: Credit Indexes and Simultaneous Defaults
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2019
URL http://www.systemicrisk.ac.uk/seminars/umberto-cherubini
 
Description Seminar - Yi Huang 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Study participants or study members
Results and Impact A seminar was given by Yi Huang in March 2018.
Speaker: Yi Huang (The Graduate Institute of International and Development Studies)
Seminar Title: TechFin in China: Credit Market Completion and its Growth Effect
The seminar sparked thoughts and discussions.
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/seminars/yi-huang
 
Description Seminar Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity by Franziska Bremus 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Study participants or study members
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2014
 
Description Seminar Diagnostic Expectations and Credit Cycles Nicola Gennaioli 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/nicola-gennaioli
 
Description Seminar Early-warning signals of topological collapse in interbank networks by Iman van Lelyveld 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Study participants or study members
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2014
 
Description Seminar Extreme Risk Dependence by Evarist Stoja 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar Fear, Anger and Credit: On Bank Robberies and Loan Conditions by Steven Ongena 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar Foreign Exchange Markets with Last Look by Álvaro Cartea 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas."
Year(s) Of Engagement Activity 2016
 
Description Seminar Global Asset Allocation Shifts by Andreas Schrimpf 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterward and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar How Does My Country Grow? Economic Advice Through Story-telling by Brian Pinto 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas
Year(s) Of Engagement Activity 2014
 
Description Seminar Inconspicuousness and obfuscation: How large shareholders dynamically manipulate output and information for trading purposes by Bart Taub 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/bart-taub
 
Description Seminar Insecure Debt by Enrico Perotti 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar Leverage Dynamics, Agency Cost of Debt, and Capital Regulation by Anat Admati 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/anat-admati
 
Description Seminar Manual vs. High Frequency Traders in the Interbank FX Market, Role of Tick Size Soheil Mahmoodzadeh 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/soheil-mahmoodzadeh
 
Description Seminar Marking to Market versus Taking to Market by Guillaume Plantin 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas
Year(s) Of Engagement Activity 2015
 
Description Seminar Markups, Productivity and the Financial Capability of Firms by Carlo Altomonte 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas
Year(s) Of Engagement Activity 2015
 
Description Seminar Model Risk Cultures by Andreas Tsanakas 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar Monetary Policy Propagation and Uncertainty by Esteban Prieto 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar Network Uncertainty and Interbank Markets by Matthew Pritsker 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas
Year(s) Of Engagement Activity 2015
 
Description Seminar Politicians, banks, and sovereign debt: Unholy trinity or divine coincidence? by Alexander Popov 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/alexander-popov
 
Description Seminar Search for Yield by Rafael Repullo 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas
Year(s) Of Engagement Activity 2015
 
Description Seminar Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry by Nathan Foley-Fisher 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/nathan-foley-fisher
 
Description Seminar Smooth Trading with Overconfidence and Market Power by Albert S. (Pete) Kyle 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterward and increased interest in related subject areas
Year(s) Of Engagement Activity 2014
 
Description Seminar The Euro Repo Interbank Market by Angelo Ranaldo 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar The Great Financial Plumbing by Karel Lannoo 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar The New European Commission's Financial Regulatory Agenda by Nicolas Véron 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact The seminar sparked questions and discussion afterward and increased interest in related subject areas
Year(s) Of Engagement Activity 2014
 
Description Seminar The Political Economy of Bank Bail-Outs by Rainer Haselmann 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
 
Description Seminar The Real Effect of Financial Networks by Ilknur Zer 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/seminars/ilknur-zer
 
Description Seminar The invisible hand of the government: Moral suasion during the sovereign debt crisis by Neeltje van Horen 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
 
Description Seminar Unorthodox monetary policy, local fiscal policy, and loan pricing by Michael Koetter 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar When Arm's Length Is Too Far: Relationship Banking over the Credit Cycle by Ralph de Haas 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar When Do Laws and Institutions Affect Recovery Rates on Collateral? by Hans Degryse 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
 
Description Seminar at the federal Reserve Board - Alper Odabasioglu 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact Alper Odabasioglu gave a seminar at the Federal Reserve Board in Washington in January 2017.
Year(s) Of Engagement Activity 2017
 
Description Seminar by William F Shadwick: From the Geometry of Extreme Value Distributions to Improved Tail Fitting in Market Data 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact The seminar sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2017
URL http://www.systemicrisk.ac.uk/seminars/william-f-shadwick
 
Description Single stock circuit breakers on the London Stock Exchange: Do they improve subsequent market quality? - seminar 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Other academic audiences (collaborators, peers etc.)
Results and Impact Seminar by James Brugler. Abstract: This paper uses proprietary data to evaluate the efficacy of single-stock circuit breakers on the London Stock Exchange during July and August 2011. We exploit exogenous variation in the length of the uncrossing periods that follow a trading suspension to estimate the effect of auction length on the volume of trades, frequency of trading and the magnitude of market microstructure noise in the returns process. We also estimate the effect of a trading suspension in one FTSE-100 stock on the volume of trades, trading frequency and the magnitude of market microstructure noise for other FTSE-100 stocks. We find that auction length has a significant detrimental effect on market quality for the suspended security when returns are negative but no discernible effect when returns are positive. We also find that trading suspensions help to ameliorate the spread of market microstructure noise and price inefficiency across securities during falling markets but the reverse is true during rising markets. Although trading suspensions may not improve the trading process within a particular security, they do appear to play an important role preventing the spread of poor market quality across securities in falling markets and therefore can be effective tools for promoting market-wide stability.

The event generated questions and discussion.

The event generated questions and discussion.
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/james-brugler
 
Description Solvency 2 and Basel III 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Round table discussion at the European Systemic Risk Board. Presentation by J Danielsson.

Round table discussion at the European Systemic Risk Board
Year(s) Of Engagement Activity 2013
 
Description Sovereign, Bank and Insurance Credit Spreads: Connectedness and System Networks 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Type Of Presentation keynote/invited speaker
Geographic Reach National
Primary Audience Public/other audiences
Results and Impact A seminar by Loriana Pelizzon on "Sovereign, Bank and Insurance Credit Spreads: Connectedness and System Networks"

Interaction with relevant academic audience
Year(s) Of Engagement Activity 2014
URL http://www.systemicrisk.ac.uk/seminars/loriana-pelizzon
 
Description Stage interview at impact'16 fintech/insurtech (Eva Micheler) 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Eva Micheler gave a stage interview on Blockchain during the impact'16 fintech/insurtech conference.
Year(s) Of Engagement Activity 2016
URL http://impactcee.com/impact16-fintechinsurtech-program/
 
Description Structural models for intraday liquidity resilience in the limit order book 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Type Of Presentation paper presentation
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact Paper presented by E Panayi at the 7th International Conference on Computational and Financial Econometrics (CFE 2013) and 6th International Conference of the ERCIM (European Research Consortium for Informatics and Mathematics) Working Group on Computational and Methodological Statistics (ERCIM 2013) in December 2013. The talk generated questions and discussion.

The talk generated questions and discussion.
Year(s) Of Engagement Activity 2013
URL http://www.cfenetwork.org/CFE2013
 
Description Systemic Risk in Computer Based Trading course 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Local
Primary Audience Postgraduate students
Results and Impact Systemic Risk in Computer Based Trading course by J-P Zigrand as part of the LSE Executive Global MSc Management programme

Systemic Risk in Computer Based Trading course as part of the LSE Executive Global MSc Management programme
Year(s) Of Engagement Activity 2014
 
Description Systemic Risk in Derivatives Markets: The Fourth Annual Conference on Systemic Risk Modelling 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Study participants or study members
Results and Impact This year's conference focused on systemic risks emanating from derivatives markets.

Topics included:
• Empirical evidence on derivatives risk exposure and risk taking behaviour in derivatives markets
• Measures of systemic risk in derivatives markets
• Counterparty risk, collateral management, central clearing and contagion in derivatives markets
• Market microstructure of derivatives markets (including network aspects of OTC derivatives)
• Model risk in derivatives markets
• Information aggregation and herding in derivatives markets

The event sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2016
URL http://www.systemicrisk.ac.uk/events/systemic-risk-derivatives-markets-fourth-annual-conference-syst...
 
Description Systemic Risk in Over-The-Counter Markets: The Third Annual Conference on Systemic Risk 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact The conference sparked questions and discussion afterwards and increased interest in related subject areas.
Year(s) Of Engagement Activity 2015
URL http://www.systemicrisk.ac.uk/events/systemic-risk-over-counter-markets-third-annual-conference-syst...
 
Description Systemic Risk: Creation and Perception 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Conference paper presentation by R Anderson at the DTCC Risk Forum in Brussels

Interaction with relevant audience
Year(s) Of Engagement Activity 2014
 
Description Systemic risk and financial regulations: what is the link? 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact Paper by J Danielsson on Systemic risk and financial regulations: what is the link? presented at European Commission (Economic Analysis) conference in Brussels

Paper on Systemic risk and financial regulations: what is the link? presented at European Commission (Economic Analysis) conference
Year(s) Of Engagement Activity 2014
URL http://ec.europa.eu/internal_market/economic_analysis/conferences/index_en.htm
 
Description Systemic risk: Issues, applications and relevance 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Oral presentation by J Danielsson on systemic risk to practitioners and regulators

Interaction with relevant audience
Year(s) Of Engagement Activity 2013
 
Description Systemic stress testing 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact A presentation by Eric Schaanning at the Annual conference on Financial Risk and Network Theory, University of Cambridge, September 2016
Year(s) Of Engagement Activity 2016
 
Description Systemic stress testing 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact A talk by Eric Schaanning at the European Systemic Risk Board, ECB, January 2017