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Systemic Risk Conference: What Are the Odds of Financial Collapse?

Systemic Risk Conference: What Are the Odds of Financial Collapse?

December 3, 2014

8:15
Registration and Breakfast
8:45
Opening Remarks and Intro – Robert Andriano
9:00
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.
10:00
“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.
10:30
Break
10:45
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.
11:15
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.
11:45
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.
12:15
Panel Discussion + Q&A
– Jim Allen – moderator
12:45
Closing remarks – Jim Allen

1:00
Lunch and Networking
2:00
End

Description

NYSSA in collaboration with CFA Institute is hosting a half-day conference that brings together experts from different organizations dealing with Systemic Risk. They will present and discuss major risk factors in today’s financial system – what has been fixed and what still needs to be done.

The Financial Crisis of 2008 was the most serious threat to the world economy since the Great Crash of 1929. This time, the Fed and the government were able to avoid an ensuing Great Depression by applying the lessons learned last time.
Still, the fact that the crisis did happen in this age, demonstrated that regulators are unable to predict and prevent all systemic risk events. Too much trust placed in the large financial institutions and the resiliency of the system provided both regulators and the public with a false sense of security and even complacency in the years leading up to the crisis.

There is no question that we are now in a somewhat better place than we were prior to 2009. But is enough being done? What are the known and unknown risks that could lead to a financial system collapse? Is there an obvious elephant in the room that no one is willing to acknowledge?

Who should attend?

The risk of another financial crisis is a concern for everyone. Nonetheless, the people who would benefit most from attending the conference are those who can gain actionable insight from the information presented and from addressing questions to the panelists. They include:

  • Investment Strategists, Portfolio Managers and Risk Officers
  • Elected officials and congressional staffers
  • Regulators
  • Members of the Media
  • Members of organizations that advise on Systemic Risk

DISCLAIMER OF ENDORSEMENT

References herein to any specific sponsor or service do not necessarily constitute or imply the endorsement, recommendation or favoring by CFA Society New York. CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

CFA Society New York (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events. CFA Society New York specifically disclaims any such express or implied warranties. CFA Society New York and its affiliates, agents, and licensors will not be liable to you or anyone else for any loss or injury, caused in whole or in part by their negligence of contingencies beyond their control in procuring, compiling, reporting interpreting or delivering the information. In no event will CFA Society New York and its affiliates, agents, and licensors be liable to you or anyone else for any damages, including but not limited to consequential, special, indirect and incidental damages, even if advised of the possibility of such damages.

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