Systemic Risk Conference: What Are the Odds of Financial Collapse?
December 3, 2014
Registration and Breakfast
Opening Remarks and Intro – Robert Andriano
Keynote Address – Financial Regulatory Reform: Looking Forward by Barbara Novick. A discussion of the cumulative impacts of regulatory reform as well as a discussion of reforms to come.
“Moral Hazards”: Nick Gogerty visits the broken checks-and-balances where the drive for short-term individual gains creates systemic risk and transfers the costs to society.
“Risk Management 3.0”: After Value-at-Risk and Stress Testing comes “Agent-based Modeling”. Rick Bookstaber describes how agent-based models can help predict the cascades and risk propagation during a crisis by incorporating the dynamics that arise from crowded trades, forced selling, liquidity shortages and interconnectedness.
“Gambling with Insurance”: Emily Eisenlohr analyzes the systemic impact and growing battle for collateral posed by the proliferation of derivatives such as Credit Default Swaps and Interest Rate Swaps.
“Global Markets, Global Risks” – Lawrence Goodman discusses the threats to financial stability coming from different corners of the world and the challenges that national and international regulators and monetary authorities are confronting.
Panel Discussion + Q&A – Jim Allen – moderator
Closing remarks – Jim Allen
Lunch and Networking