Perspectives on Systemic Risk

Event

Summary
Date: 
October 16th 2014

Time: 9.30am - 5.30pm
Venue: 9.04, Tower 2, LSE campus. Directions.
Organisers: Jon Danielsson (SRC) and Eva Micheler (Department of Law, LSE)
Registration: The event is free to attend. Registration is now closed.

A full conference programme can be seen here.

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.

Please note, that as part of this event, Econ Films will be making a short film on the different perspectives on systemic risk. There will be a small crew filming throughout the day. If you do not wish to be filmed please let a member of staff know.

For any enquiries please email SRC@lse.ac.uk

This event is generously supported by the Economic and Social Research Council (ESRC) [grant number ES/K002309/1].

Full Report

Photographs from the conference can be viewed here.

Jeffrey Chwieroth's presentation, 'Political Economy Perspectives on Systemic Risk' can be viewed here.

Christian Thimann's presentation, 'Insurers versus Banks in Systemic Regulation' can be viewed here. 

Andrew Ellul's presentation was based on two papers entitled:

'Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading' which can be viewed here,

and 'Mark-to-Market Accounting and Systemic Risk: Evidence from the Insurance Industry', which can be viewed here.