RISKS FORUM 2018

11th Financial Risks INTERNATIONAL FORUM

Paris, March 26 & 27, 2018

CHAMBRE DE COMMERCE ET D’INDUSTRIE DE RÉGION PARIS ILE-DE-FRANCE 27, avenue de Friedland, 75008 PARIS, FRANCE

The Institut Louis Bachelier, in cooperation with the Fondation du Risque, the Europlace Institute of Finance and the Louis Bachelier "Finance and Sustainable Growth" Laboratory, is pleased to invite you to the 11th Financial Risks International Forum.

In the current context, this year's forum will focus on "Emerging Extra-Financial Risks In Finance And Insurance".

The purpose of this 11th Financial Risks International Forum is to highlight new methodological approaches for assessing the emerging risks that are currently affecting the Finance and Insurance sectors.

New risks, such as climate risks, demographic risks and cyber risks, have emerged and require new tools and methodologies to evaluate them. The balance sheets of financial institutions, companies and governments are highly exposed to these risks, and regulators have recently raised concerns about their impact on financial stability. Do financial markets have enough experience in dealing with these emerging risks and do they assess and price them adequately? Are these risks diversifiable and insurable? What financial products need to be developed to transfer them? What might the role of regulators and central banks be in designing stress tests, regulatory incentives and in promoting disclosure requirements?

2018 Guests Speakers are:

CYBER RISK
Ross Anderson, Cambridge University

LONGEVITY RISK
David Blake, Cass Business School

CLIMATE RISK
Lars Peter HANSEN, University of Chicago, 2013 Nobel Prize in Economics.

RISKS FORUM 2017

10th Financial Risks INTERNATIONAL FORUM

Paris, March 26 & 27, 2017

CHAMBRE DE COMMERCE ET D’INDUSTRIE DE RÉGION PARIS ILE-DE-FRANCE 27, avenue de Friedland, 75008 PARIS, FRANCE

The Institut Louis Bachelier, in cooperation with the Fondation du Risque, the Europlace Institute of Finance and the Louis Bachelier "Finance and Sustainable Growth" Laboratory, is pleased to invite you to the 10th Financial Risks International Forum.

In the current context, this year's forum will focus on "RETAIL FINANCE AND INSURANCE: Impact of Technical Innovation, Through Majors and FinTech".

The aim of this conference is the digital revolution under way in financial services. Technical innovations lead to the creation of new and possibly cheaper services that are readily available for individuals through web platforms or mobile apps.

New databases, new forms of payment processing, trading platforms, peer-to- peer lending platforms and robo-advisors are fast developing and democratizing financial services. They also raise many questions. How can we design safe and understandable financial products available for the largest number of individuals? What will be the consequences of fintech development on traditional banks and insurance companies?

How are consumers to be protected? How can fintech be regulated? What will be the macroeconomic consequences of its development? This upcoming Financial Risks International Forum aims to highlight the methodological and regulatory challenges raised by the on-going developments in financial technologies.

2017 Guests Speakers are :

Fatih GUVENEN, Professor of Economics, University of Minnesota.
Campbell HARVEY, Professor of Finance, Duke University.
Nicholas POLSON, Professor of Econometrics and Statistics, University of Chicago.
Lars Peter HANSEN, University of Chicago, 2013 Nobel Prize in Economics.

RISKS FORUM 2016

9th Financial Risks INTERNATIONAL FORUM

Paris, March 21 & 22, 2016

CHAMBRE DE COMMERCE ET D’INDUSTRIE DE RÉGION PARIS ILE-DE-FRANCE 27, avenue de Friedland, 75008 PARIS, FRANCE

The Institut Louis Bachelier, in cooperation with the Fondation du Risque, the Europlace Institute of Finance and the Louis Bachelier "Finance and Sustainable Growth" Laboratory, is pleased to invite you to the 9th Financial Risks International Forum. In the current context, this year's forum will focus on "NEW CHALLENGES FACING THE INVESTMENT MANAGEMENT INDUSTRY".

The aim of this conference is to highlight the methodological and regulatory challenges confronting the investment management industry. The financial crisis and its aftermath have resulted in reflection on the tools and practices of investment managers. The economic and financial environment is challenging, marked by low interest rates, increased volatility, and new economic and demographic risks.

Standard practices such as the use of traditional risk management models, benchmarks, quantitative backtests, are being called into question. End investors require more governance and socially responsible investment practices. Regulatory complexity is a constantly evolving concern for the industry. Questions have been raised about potential incentive problems created by delegated management, and financial stability risks posed by the asset management industry.

2016 Guests Speakers are :


Pierre COLLIN-DUFRESNE, Professor at the Swiss Finance Institute, former professor at Columbia University, NY, also worked at Goldman Sachs, editor of a large number of prestigious financial reviews including the Journal of Finance, Journal of Financial Quantitative Analysis and Review of Financial Studies. Panel session 2: Active Ownership, Engagement and Voting David

LAWTON, Director of the Markets Division at the Financial Conduct Authority, UK, member of the board of ESMA and formerly Head of Capital Markets and Governance at Her Majesty's Treasury. Panel session 1: Systemic Risk Posed by Investment Funds and Financial Regulation

Richard ROLL, Professor at University of California Los Angeles School of Management, former president of the American Finance Association and associate publisher of 11 financial and economics reviews. Panel session 3: Smart Beta and Factor Investing

RISKS FORUM 2015

8th Financial Risks INTERNATIONAL FORUM

Paris, March 30 & 31, 2015

CHAMBRE DE COMMERCE ET D’INDUSTRIE DE RÉGION PARIS ILE-DE-FRANCE 27, avenue de Friedland, 75008 PARIS, FRANCE

The Institut Louis Bachelier, in cooperation with the Fondation du Risque, the Europlace Institute of Finance and the Louis Bachelier "Finance and Sustainable Growth" Laboratory, is pleased to invite you to the 8th Financial Risks International Forum. In the current context, this year's forum will focus on "SCENARIOS, STRESS AND FORECASTS IN FINANCE".

The aim of this conference is to highlight the methodological and regulatory challenges posed by the question of making scenarios, stress tests and forecasts in finance. Stress testing is becoming a widely used tool, not only for risk management, but also to assess global vulnerabilities in a financial system.

Regulatory guidelines on stress testing require financial institutions to build models and make scenarios for macro and micro stress testing. Accurately forecasting and making an optimal use of these forecasts for investment decisions pose renewed challenges to the investment management industry.