Systemic Risk Centre

What is systemic risk? Contributors: Jean-Pierre Zigrand, Jon Danielsson

The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy. Silvana Tenreyro, Professor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be.

Co-organised by the Systemic Risk Centre, Financial Markets Group, and Centre for Economic Policy Research, the "Stress Testing and Macro-prudential Regulation: A Trans-Atlantic Assessment" conference held on 29th-30th October 2015 brought together more than 100 academics, policy makers, senior policy economists, and banking sector specialists to discuss the development of stress testing as a tool for macro-prudential supervision and regulation. Further details: Vítor Constâncio, Vice-President of the European Central Bank, gave an interview on his views on stress testing after the conference.

Systemic Risk Centre public lecture Date: Friday 5 February 2016 Time: 6.30-7.45pm Venue: Hong Kong Theatre, Clement House Speaker: Jaime Caruana Chair: Professor Sir Charles Bean The lecture focuses on three major economic developments: slowing growth, large adjustments in exchange rates in emerging economies, and fall in commodity prices accompanied by bouts of financial turbulence. It offers a longer-term, global perspective in understanding current events and the nature of the vulnerabilities facing financial markets and the global economy, as well as associated policy implications. Jaime Caruana is the General Manager of the Bank for International Settlements. Previously, Mr Caruana was Financial Counsellor to the Managing Director and Director of the Monetary and Capital Markets Department of the International Monetary Fund. From 2000 to 2006, Mr Caruana was the Governor of the Bank of Spain, Spain's central bank, and in that capacity, served on the Governing Council of the Europ

This recording contains flash photography. With Artificial Intelligence overtaking human intelligence at driving cars and outplaying it at games, is the financial system next? Will AI stabilise or destabilise the financial system? Might AI even cause a systemic financial crisis? This event was co-hosted by the Systemic Risk Centre, LSE and Centre for Blockchain Technologies, UCL. The Systemic Risk Centre (SRC) was set up to study the risks that may trigger the next financial crisis and to develop tools to help policymakers and financial institutions become better prepared. Speakers : Ken Benoit, Professor of Quantitative Social Research Methods and Head of the Department of Methodology. He is also the current Director of the Social and Economic Data Science (SEDS) Research Unit. Jon Danielsson, Co-Director of the Systemic Risk Centre and Associate Professor of Finance at LSE. Eva Micheler, Co-investigator of the Systemic Risk Centre and Associate Professor in Law at LSE Law. Chair: Lut