This was an interdisciplinary forum of thought leaders in the field of understanding financial catastrophe. It included people working on complex systems, economics, finance, historians and others. The workshop was an interactive day of facilitated presentations and discussions. It ended with the group defining two sets of priorities. Firstly for academia in general, the key priorities for a research agenda in improving the understanding of financial catastrophe risk management professionals, policy-makers and other practitioners managing the risk of financial crisis. The second set of recommendations produced by the attendees was for how the Cambridge Centre for Risk Studies could best contribute to this research agenda with their research programme.
Presentations from the Workshop
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Introduction to the Workshop |
Dr Andrew Coburn, Centre for Risk Studies |
Theme A: Research to Support Policy Issues for Financial Stability
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A Critical View of the Ongoing Crisis |
Professor Michael Dempster, Cambridge Centre for Financial Research |
|
Operationalising Macroprudential Policy at the Bank of England |
Dr David Aikman, Bank of England |
|
Catastrophe Insurance Insights on Financial Catastrophes |
Dr Gordon Woo, RMS |
Theme B: Research Contributions to Improving Corporate Risk Management
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Some Thoughts on Today’s Modelling Shortfall |
John Hibbert, Honorary Professor, Heriot-Watt |
|
Financial Networks and Cartography |
Dr Kimmo Soramäki, Financial Network Analysis |
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Cambridge Centre for Risk Studies Research Programme on Financial Catastrophe |
Dr Andrew Coburn, Cambridge Centre for Risk Studies |
- Dr David Aikman, Senior Manager, Financial Stability, Bank of England
- Dr Nitin Bakshi, Assistant Professor, Management Science & Operations, London Business School
- William Beverley, Head of Macro Research, Iveagh Investment Fund
- Dr Gary Bowman, Research Associate, Centre for Risk Studies, University of Cambridge
- Philip Brice, Corporate Risk Manager, Treasury, BP
- Dr Christian Brownlees, Assistant Professor, Department of Economics and Business, Universitat Pompeu Fabra
- Dr Fabio Caccioli, Postdoctoral Fellow, Santa Fe Institute and Institute for New Economic Thinking, Oxford Martin School, University of Oxford
- Dr Andrew Coburn, Director of External Advisory Board, Centre for Risk Studies, University of Cambridge
- Dr D’Maris Coffman, Director of Centre for Financial History, University of Cambridge
- Professor Michael Dempster, Professor Emeritus, Centre for Financial Research, Statistical Laboratory, Department of Pure Mathematics & Statistics, University of Cambridge and Managing Director, Cambridge Systems Associates
- Professor John Eatwell, Professor of Financial Policy, Cambridge Judge Business School, University of Cambridge and President of Queens’ College, Cambridge
- Professor Doyne Farmer, Professor of Mathematics and Co-Director, Complexity Economics, Institute for New Economic Thinking, Oxford Martin School, University of Oxford
- Bruce Fletcher, Chief Risk Officer, HSBC Bank plc
- Dr Andrew Freeman, Fellow of Centre for Risk Studies, University of Cambridge
- Dr Co-Pierre Georg, Research Economist, Research Center, Deutsche Bundesbank
- Professor Paul Glasserman, Jack R. Anderson Professor of Business, Columbia Business School, Columbia University
- John Hibbert, Independent Consultant & Honorary Professor, Heriot Watt University
- Professor Giulia Iori, Professor of Economics, Department of Economics, City University, London
- Dr William Janeway, Senior Advisor at Warburg Pincus and member of the board of managers of the Cambridge Endowment for Research in Finance
- Professor Frank Kelly, Professor of the Mathematics of Systems, Statistical Laboratory, University of Cambridge, and Master of Christ’s College, Cambridge
- Michael Kusnetsov, MSc Student, Mathematics and Finance, Imperial College, London
- Dr Philippa Malmgren, President, Principalis Asset Management
- Dr Serafin Martinez Jaramillo, Financial Stability Directorate, Central Bank of Mexico
- Dr Elena Medova Visiting Fellow, Statistical Laboratory, University of Cambridge and Managing Director, Cambridge Systems Associates
- Peter Nakada, Managing Director, RMS
- Duncan Needham, Affiliated Researcher, Centre for Financial History, University of Cambridge
- Dr Louise Pryor, Actuary and Risk Specialist, Centre for Risk Studies, University of Cambridge
- Professor Daniel Ralph, Director of the Centre for Risk Studies, University of Cambridge Judge Business School
- Simon Ruffle, Director of Technology Research, Centre for Risk Studies, University of Cambridge
- Nylesh Shah, Head of Portfolio Allocation, Catlin Group
- Alan Smith, Global Head of Risk Strategy and Chief of Staff, Global Risk, HSBC Holdings plc
- Dr Kimmo Soramäki, Founder and CEO, Financial Network Analytics
- Dr Iman van Lelyveld, Iman van Lelyveld, Deputy Head of the BIS data hub, Supervisory Policy Division, De Nederlandsche Bank
- Dickie Whitaker, Director, Financial Services Knowledge Transfer Network
- Dr Gordon Woo, Catastrophist, RMS