Annika Birch is a PhD student under the supervision of Tomaso Aste at the Doctoral Training Centre for Financial Computing and Analytics, situated at University College London. She studies how counterparty risk influences the stability of a banking system. Her work is in collaboration with the Bank of England.
Birch, A. & Aste, T. Systemic Losses Due to Counterparty Risk in a Stylized Banking System, Journal of Statistical Physics, 2014 Download