Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Centre for Banking Studies hosts conference on banking stability

17.06.2008
One day event brings together leading academics and practitioners

The newly created Centre for Banking Studies at Cass Business School, funded by the British Academy, Cass Business School Research Fund, and the Money, Macro and Finance Research Group (MMFRG), organised a one-day conference on the tranmission of credit risk and banking stability. Organised by Shelagh Heffernan, Professor of Banking and Finance at Cass, the day provided in depth analysis of the problems facing the global economic system, and also presented some interesting remedies.

In recent years the range of credit risk transfer instruments and how they are used has widened considerably. However, the current turmoil in the global markets for structured credit has revealed unexpectedly large bank exposures to liquidity and credit risks, and raised concerns about the systemic implication of the new markets for credit risk transfer. The opening keynote lecture by Charles Goodhart, Emeritus Professor at the LSE entitled 'The Regulatory Response to the Financial Crisis' tackled these problems and identified seven principle fields where the recent tumoil has 'thrown up issues for discussion'. During his exposition he also highlighted the '…major problems, anomolies, difficulties and shortcomings of the world banking systems'. View a video of Professor Goodhart's talk here.

In closing, Professor Anthony Saunders of Stern School of Business asked 'What Have We Learned From the Sub-Prime Crisis?' Amongst his conclusions Professor Saunders argued that there is currently an over-reliance on risk modelling, and this must be reduced if we are to steer out of the current storm: "It is dangerous to rely on risk models ex-ante because by its very nature risk is very hard to model."

Richard Gillingwater, Dean of Cass Business School, who introduced the conference, congratulated Professor Heffernan on the organisation of an excellent event: "This event is extremely timely given the current market situation. Cass' position as the business school for the City, and with its great strength in banking research, makes us an ideal forum for just this type of timely and reflective discussion. Professor Heffernan has put forward an excellent mix of highly relevant lectures and I thank her for an excellent day."

The oversubscribed conference included delegates from a number of central and commercial banks, regulatory authorities (e.g. the FSA and FDIC) and universities. The conference marked the official launch of the Cass Centre for Banking Studies, the purpose of which is to promote high calibre academic research in the field of banking and to foster the teaching of banking subjects to a high standard. All papers and speeches are available to download from the Centre’s website (http://www.cass.city.ac.uk/cbs/index.html)

Dimitra Koutsantoni | alfa
Further information:
http://www.cass.city.ac.uk
http://www.cass.city.ac.uk/cbs/index.html
http://www.cass.city.ac.uk/story_1_26_117739.html

More articles from Business and Finance:

nachricht Corporate coworking as a driver of innovation
22.11.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

nachricht Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Nanoparticles help with malaria diagnosis – new rapid test in development

The WHO reports an estimated 429,000 malaria deaths each year. The disease mostly affects tropical and subtropical regions and in particular the African continent. The Fraunhofer Institute for Silicate Research ISC teamed up with the Fraunhofer Institute for Molecular Biology and Applied Ecology IME and the Institute of Tropical Medicine at the University of Tübingen for a new test method to detect malaria parasites in blood. The idea of the research project “NanoFRET” is to develop a highly sensitive and reliable rapid diagnostic test so that patient treatment can begin as early as possible.

Malaria is caused by parasites transmitted by mosquito bite. The most dangerous form of malaria is malaria tropica. Left untreated, it is fatal in most cases....

Im Focus: A “cosmic snake” reveals the structure of remote galaxies

The formation of stars in distant galaxies is still largely unexplored. For the first time, astron-omers at the University of Geneva have now been able to closely observe a star system six billion light-years away. In doing so, they are confirming earlier simulations made by the University of Zurich. One special effect is made possible by the multiple reflections of images that run through the cosmos like a snake.

Today, astronomers have a pretty accurate idea of how stars were formed in the recent cosmic past. But do these laws also apply to older galaxies? For around a...

Im Focus: Visual intelligence is not the same as IQ

Just because someone is smart and well-motivated doesn't mean he or she can learn the visual skills needed to excel at tasks like matching fingerprints, interpreting medical X-rays, keeping track of aircraft on radar displays or forensic face matching.

That is the implication of a new study which shows for the first time that there is a broad range of differences in people's visual ability and that these...

Im Focus: Novel Nano-CT device creates high-resolution 3D-X-rays of tiny velvet worm legs

Computer Tomography (CT) is a standard procedure in hospitals, but so far, the technology has not been suitable for imaging extremely small objects. In PNAS, a team from the Technical University of Munich (TUM) describes a Nano-CT device that creates three-dimensional x-ray images at resolutions up to 100 nanometers. The first test application: Together with colleagues from the University of Kassel and Helmholtz-Zentrum Geesthacht the researchers analyzed the locomotory system of a velvet worm.

During a CT analysis, the object under investigation is x-rayed and a detector measures the respective amount of radiation absorbed from various angles....

Im Focus: Researchers Develop Data Bus for Quantum Computer

The quantum world is fragile; error correction codes are needed to protect the information stored in a quantum object from the deteriorating effects of noise. Quantum physicists in Innsbruck have developed a protocol to pass quantum information between differently encoded building blocks of a future quantum computer, such as processors and memories. Scientists may use this protocol in the future to build a data bus for quantum computers. The researchers have published their work in the journal Nature Communications.

Future quantum computers will be able to solve problems where conventional computers fail today. We are still far away from any large-scale implementation,...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Ecology Across Borders: International conference brings together 1,500 ecologists

15.11.2017 | Event News

Road into laboratory: Users discuss biaxial fatigue-testing for car and truck wheel

15.11.2017 | Event News

#Berlin5GWeek: The right network for Industry 4.0

30.10.2017 | Event News

 
Latest News

Corporate coworking as a driver of innovation

22.11.2017 | Business and Finance

PPPL scientists deliver new high-resolution diagnostic to national laser facility

22.11.2017 | Physics and Astronomy

Quantum optics allows us to abandon expensive lasers in spectroscopy

22.11.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>