Past events

All past public FMG events from recent academic years are listed below, along with related papers and notes where available.

FMG events 2016-2020


Working together; an interdisciplinary approach to organisational culture

14th January 2020
Sheikh Zayed Theatre, NAB, LSE

Speakers: Dame Susan Rice (BSB Chair), John C. Williams (FRBNY President and CEO)

Panel: Grace Lordan, Associate Professor of Behavioural Science at LSE, Celia Moore, Professor of Organisational Behaviour and Strategy at Imperial, Martin Oehmke, Professor of Finance at LSE, Tom Reader, Associate Professor of Psychological and Behavioural Science at LSE, Edmund Schuster, Associate Professor of Corporate Law at LSE.

This event explored the role of behavioural science in improving organisational culture within financial services firms, bringing together academics with senior leaders in finance and financial regulation to discuss how behavioural science can be applied within financial services to the benefit of the sector’s clients, customers and society as a whole.

Co-hosts: Banking Standards Board (BSB), Federal Reserve Bank of New York (FRBNY) and London School of Economics.


DSTL event

Engineering Financial Instability - Conference

2nd December 2019
Conference Suite, 9th floor, Pankhurst House, LSE

In a rapidly changing world which is increasingly interdependent and relies on rapidly evolving financial systems to underpin its economy, it is important to understand what threats or opportunities might exist for the UK and her allies across the globe. By considering the changing economic landscape, the UK can look to prepare against ‘future shock’; considering what threats it should be aware of, alongside what opportunities could be exploited to improve both the security and stability of the UK and her allies.

The conference jointly hosted by Defence Science and Technology Laboratory, Financial Conduct Authority and Systemic Risk Centre sought to understand how modern financial systems could be used: (1) to prevent a country from being able to deliver defence and security for its citizens, either at home or abroad, (2) by other states or non-state actors to create or augment instability around the world or (3) to facilitate the funding of illicit activity.

shares and bonds

Adam Smith Junior Workshop in Asset Pricing and Corporate Finance

15th November 2019
London Business School

Organised by Lorenzo Bretscher (LBS), Juanita Gonzalez-Uribe (LSE), Ilaria Piatti (Oxford) and Savitar Sundaresan (imperial), this year's Adam Smith Junior Workshop in Asset Pricing and Corporate Finance is generously hosted by the London Business School. 

The preliminary programme can be found here.

ed altman

50 Years of Altman Z-Score: what have we learned and the applications in financial and managerial markets

Wednesday 16 October 2019

Speaker: Edward Altman (Professor Emeritus of Finance at New York University, Stern School of Business)
Chair: Dimitri Vayanos (Professor of Finance, FMG Director, LSE)

Professor Edward Altman from NYU Stern will be presenting a talk on a “50 year retrospective on his famed Z score model”, with applications to financial and managerial markets. Dr Altman will also debunk certain assertions about his models and how they should be applied in today’s modern financial markets. Finally, he will discuss briefly his opinions on where we are in the credit cycle today and outlook for credit markets.

This event was co-hosted with the Systemic Risk Centre.

Allison Schrager

Managing Risk in a More Uncertain World

Monday 14 October 2019

Speaker: Allison Schrager (Economist, author and journalist)
Chair: Dimitri Vayanos (Professor of Finance, FMG Director, LSE)

An uncertain world requires us to manage risks we could never have imagined. But tools exist that can help. Allison Schrager discusses what we can learn from sex workers, studs, and surfers in her new book An Economist Walks Into A Brothel

The event was co-hosted with the Centre For Macroeconomics.

daniel beunza

Taking the Floor: Models, Morals and Management in a Wall Street Trading Room

Friday 11 October 2019

Speaker: Daniel Beunza (CASS Business School, SRC, LSE)
Chair: Michael Power (Department of Accounting, LSE)

Wall Street banks need to rethink their use of financial models according to Daniel Beunza in his new book Taking the Floor: Models, Morals and Management in a Wall Street Trading Room, which he will talk about in this lecture. A decade after the global financial crisis, a narrow emphasis on structural reform has left a problematic bank culture largely unchanged. Based on extensive research in a Wall Street derivatives trading room, Taking the Floor considers how financial organizations should be redesigned to address the moral shortcomings that culminated in the crisis.

The event was hosted by the Systemic Risk Centre.

Clements Inn _8160_cropped_0

BoE, CEPR, Imperial, LSE Second Conference on Non-bank Financial Sector and Financial Stability

Friday 4 October 2019

Keynote speaker: Ralph Koijen (University of Chicago Booth School of Business and CEPR)

Non-bank financial intermediation comprises almost half of the global financial sector. Since the crisis, UK private non-financial corporations have also substituted funding from banks for tradable securities. Alongside these changes, the share of electronic trading in financial markets has increased substantially over the last decades.

Therefore, the resilience of the non-bank financial sector and the evolving market infrastructure is crucial for the financial system to play its crucial role of providing funding to the real economy. Their resilience will also ensure that the financial system overall absorbs, rather than amplifies, stresses.

In order to assess the financial stability implications of these recent developments, it is important for academics and policy makers to improve their understanding of risks arising from the behaviour of non-bank financial institutions and the evolution of the supporting market infrastructure, and how to deal with those risks.


De-Risking the Future of Europe: reforming the macrofinancial architecture

Wednesday 11 September 2019

Keynote speaker: Vítor Manuel Ribeiro Constâncio (former Vice-President of the European Central Bank)

The conference will be the occasion for policy-makers and academic experts to reflect and exchange on the pros and cons of different models to design further financial integration within the Euro area and the whole of Europe.

The event was hosted by Foundation for European Progressive Studies, Roskilde University, University of the West of England and Financial Markets Group, London School of Economics and Political Science


The Regulation and Operation of Modern Financial Markets

Thursday 5 - Friday 6 September 2019

Organisers: Mathieu Rosenbaum (École Polytechnique), Jean-Pierre Zigrand (London School of Economics), Ásgeir Jónsson (University of Iceland, Central Bank of Iceland), Hersir Sigurgeirsson (University of Iceland), and Jon Þór Sturluson (The Financial Supervisory Authority, Iceland)

The conference studies the operations and workings of modern financial markets and their interactions with, and needs for, financial regulations. Topics include the market microstructure (including algorithmic and high-frequency trading in fast markets), the effects of this microstructure on liquidity, efficiency and stability and the real-world effects and implementations of financial regulations, including regtech. We aim to achieve this by bringing together practitioners, regulators and academic researchers and create a fertile environment for discussion.


Capital Markets Union and European Integration

Friday 14 June 2019, 6:30pm to 8:00pm

Speakers: Poul Thomsen (Director of the IMF’s European Department) in conversation with Professor Charles Goodhart(Emeritus Professor of Banking and Finance, FMG, LSE)

Chair: Dimitri Vayanos (Professor of Finance, FMG Director, LSE)

Integrated capital markets expand financial choices of savers and investors, supporting capital formation and macroeconomic resilience. Therefore, a Capital Markets Union (CMU), alongside the banking union, is an important element of the economic architecture for Europe. Poul Thomsen, the Director of the IMF’s European Department, weighs the macroeconomic benefits from a CMU, identifies obstacles in its path, and suggests targeted policy actions. He also places CMU in the broader context of the European integration project. 


Twelfth Annual Paul Woolley Centre Conference

The Paul Woolley Centre holds a conference each year with the aim of bringing together researchers who focus on questions relevant to the Centre's research themes, disseminating their research, and stimulating the development of new ideas. The 12th Annual Conference was held in collaboration with the Bank for International Settlements (BIS) on 6th-7th June 2019.


Central Clearing Counterparties

Friday 24th May, 9:30am to 4:30pm

Organiser: Martin Oehmke, Department of Finance, LSE

Speakers: Bruno Biais (HEC), Jo Braithwaite (LSE), Fernando Cerezetti (ICE), Darrell Duffie (Stanford), Pedro Gurrola-Perez (Bank of England), Florian Heider (ECB), Wenqian Huang (BIS), Sid Khan (HSBC), David Murphy (Bank of England), Elod Takats (BIS)

The aim of this conference is to bring together academics, practitioners, and regulators to discuss current issues relating to central counterparty (CCP) clearing.


Equity Finance: matching liability to power

Tuesday 21 May 2019, 6:30pm to 8:00pm

Speaker: Charles Goodhart (SRC, FMG, LSE)
Chair: Dirk Jenter (LSE, CEPR)

There is widespread concern that the bonus culture for senior managers in limited liability companies is having adverse effects, e.g. on risk-taking, leverage and lower longer-term investment. Charles Goodhart will discuss a proposal (with Rosa Lastra, Queen Mary London) to fix the problem of firms taking excessive risk by creating a class of “inside” shareholders who are subject to multiple liability. He will discuss how to implement this idea while still preserving the benefits that limited liability creates.

The event was co-hosted by the Financial Conduct Authority and the Systemic Risk Centre, Financial Markets Group.


Technology in Finance, Law and Regulation - Conference

Thursday 16th May 2019

Organisers: Jon Danielsson (SRC, LSE Finance), Eva Micheler (SRC, LSE Law)

Speakers: Tomaso Aste (UCL), Iris Chiu (UCL), Jon Danielsson (LSE), Anna Donovan (UCL), David Fox (University of Edinburgh), Jonathan Liebenau (LSE), Robert Macrae (LSE), Eva Micheler (LSE), Andrew Murray (LSE), Philipp Paech (LSE), Francisco Rivadeneyra (Bank of Canada), Matteo Solinas (Victoria University of Wellington), Priscilla Toffano (IMF), Dirk Zetzsche (University of Luxembourg)

The conference explores the use of technology in financial markets from the perspectives of finance, law and regulation. The event covers payment systems, cryptocurrencies and property law, digital tokens, sustainable finance, regulatory technology and the use of artificial intelligence for financial regulation. The programme will be announced shortly.

Please visit the conference website for programme and further details.

The conference was supported by the BARAC (Blockchain technology for Algorithmic Regulation And Compliance) project funded by the Engineering and Physical Sciences Research Council (EPSRC) [Grant number EP/P031730/1].

Clements Inn _8160_cropped_0

The Review of Economic Studies Tour

Thursday 9 – Friday 10 May 2019

Speakers: Clare Balboni (LSE), Sydnee Caldwell (MIT), (Jose) Ignacio Cuesta (Chicago), Ellora Derenoncourt (Harvard), Wayne Gao (Yale), Pooya Molavi (MIT), Weijie Zhong (Columbia)

The Review of Economic Studies May Meetings have been held annually in May since 1989. Every year, in line with the Review’s tradition of encouraging the work of young economists, some of the most promising graduating doctoral students in economics and finance in the world are selected to present their research to audiences in Europe. The meetings take place at the economics departments or institutes of three or four universities across Europe. Standard seminar presentations are given over two days to audiences invited by the local hosts and which include members of the journal’s editorial board.

This event was co-hosted with the Department of Economics, Department of Finance and Department of Management at LSE.


The Politics of Equality, the "Populist Moment" and the Power of New Technologies

Thursday 2 May 2019, 6:30pm to 8:00pm

Speaker: Katrín Jakobsdóttir (Prime Minister of Iceland)

Katrín Jakobsdóttir will discuss democratic challenges stemming from social inequalities, authoritarian politics and new technologies.
Insecurities generated by globalisation, migration, and transformative technologies have created new societal divisions in liberal democracies and exacerbated the dislocation between personal identities and political loyalties. Since the Great Recession, the populist/authoritarian Right has profited from this trend, which has been accompanied by a critique of contemporary politics as being too technocratic and distant from the people. In her talk, Katrín Jakobsdóttir, the Prime Minister of Iceland, will argue that a renewed focus on the politics of equality is needed to respond to authoritarian tendencies and to the social challenges posed by the “fourth industrial revolution.“ Referring to her own political experience and to various forms of collective action – such as the #metoo movement – she makes the case for a democratic renewal based on social justice, gender equality and the green economy.

The event was co-hosted with the Institute of Global Affairs and International Inequalities Institute.

agustin carstens

Exchange rates and monetary policy frameworks in EMEs: Where do we stand?

Thursday 2 May 2019, 6:30pm to 8:00pm

Speaker: Agustín Carstens (General Manager of the Bank for International Settlements)

A decade after the crisis, central banks are seeking to bring monetary policy back to more normal settings but often lack a compass to navigate the new post-crisis terrain. Emerging market economies (EMEs) face the added challenge of volatile exchange rates and capricious capital flows. The increasing role of financial factors in the transmission of exchange rate fluctuations creates difficult trade-offs for EME central banks. What is the nature of these trade-offs and how should policymakers calibrate and sequence the use of multiple policy instruments?

This event was co-hosted by the School of Public Policy, Centre For Macroeconomics, and Financial Markets Group, Systemic Risk Centre. 

shaw library

The Wealth Effect: How the Great Expectations of the Middle Class Have Changed the Politics of Banking Crises

Thursday 4 April 2019, 6:30pm to 8pm

Speakers: Jeffrey Chwieroth (Professor of International Political Economy, the Department of International Relations, LSE & Research Associate, SRC, LSE) and Andrew Walter (Professor of International Relations in the School of Social and Political Sciences, University of Melbourne)

The rising wealth of middle class households and voters has transformed the politics of banking crises. In this lecture, Jeffrey Chwieroth and Andrew Walter explain how mass political demand has contributed to rising financial fragility and political instability and discontent in contemporary democracies.

The event was hosted by the Systemic Risk Centre.


Digital technology and inclusive growth

Tuesday 02 April 2019, 6:30pm to 8:00pm

Speaker: Long Chen (Director of Luohan Academy)

China has been a world leader in the adoption of digital technologies. Its share of e-commerce sales to total sales has grown from zero ten years ago to three times the world average, and higher than the UK and the US. Moreover, that growth has been inclusive: consumers and entrepreneurs with lower incomes or in poorer regions of the country have benefited at least as much as wealthier ones. What are the lessons that China’s experience holds for the rest of the world? Can digital technology help developing countries improve their economic performance and provide opportunity to their poorer citizens? How can the challenges that the digital revolution brings be harnessed, both in developing and in developed economies? Professor Long Chen, Director of Luohan Academy, presents the Academy’s first report, which provides new perspectives on these issues. 


The Future of UK-EU Financial Services after Brexit

Monday 01 April 2019, 8:30am to 5:00pm

Organisers: Harald Benink (Institute of Governance, Tilburg University and ESFRC) and Rosa Lastra (CCLS, QMUL, EBI, ESFRC, FMG)

Speakers: Wolfgang Bessler (University of Giessen), Franco Bruni (ISPI), Roger Cogan (ISDA) Simon Gleeson (Clifford Chance), Lex Hoogduin (LCH), Patrick Jenkins (Financial Times), Rosa Lastra (CCLS, QMUL and FMG), Isabelle Mateos y Lago (BlackRock), Manuel Metzner (Cleary Gottlieb), Niamh Moloney (LSE), Bob Penn (Allen & Overy), Reinhard Schmidt (Goethe University), Tobias Tröger (Goethe University and EBI), Clas Wihlborg (Chapman University)

London has been the financial hub of the European Union, providing corporate, banking and financial services to the European Union. This conference, which will take place the Monday (01 April 2019) after the scheduled Brexit Day (29 March 2019), will address key issues on where the UK and EU stand in the field of cross-border provision of financial services.

This event was co-hosted with the Centre for Commercial Law Studies, Institute of Banking and Finance (CCLS) of Queen Mary University of London (QMUL), the European Banking Institute (EBI) and the European Shadow Financial Regulatory Committee (ESFRC). The organisers gratefully acknowledge the support of ISDA.


Paying for Efficient and Effective Markets

Friday 22 - Saturday 23 March 2019

Organisers: Jon Danielsson (SRC, LSE), Kevin James (FCA, SRC), Dimitri Vayanos (FMG, PWC, LSE)

Speakers: Matteo Aquilina (FCA), Rudi Fahlenbrach (Swiss Institute of Finance), Jill Fisch (U Penn), Mireia Giné (IESE), Kevin James (FCA, SRC), Robert MacKay (Warwick), Daniel Mittendorf (FCA), John Morley (Yale), Emilio Osambela (FRB), Lasse Pedersen (Copenhagen), Edwin Schooling Latter (FCA), Amarjeet Singh (SEBI), Robert Stambaugh (Wharton), Grant Turner (BIS), Dimitri Vayanos (FMG, PWC, LSE)

To perform at full potential, the economy requires efficient and effective financial markets that operate at minimum feasible social cost. Actively managed funds play a crucial role in bringing about market efficiency and effectiveness, but only as a by-product of their costly efforts to out-perform the market. Passive investment funds compete for investors by offering low-cost investment options, but they do so in part by taking market efficiency and effectiveness as given. Consequently, it is unclear if market forces alone will lead to the optimal balance of efficiency, effectiveness, and cost.

The conference was co-hosted with the Financial Conduct Authority, Securities and Exchange Board of India, Systemic Risk Centre and the Paul Woolley Centre for the Study of Capital Market Dysfunctionality.



A Crisis of Beliefs: investor psychology and financial fragility

Monday 25 February 2019, 6:30pm to 8pm

Speaker: Andrei Shleifer (John L. Loeb Professor of Economics at Harvard University)

The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. In this lecture, Andrei Shleifer makes us rethink the financial crisis and the nature of economic risk. It reveals how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. Using the latest research in psychology and behavioral economics, Shleifer presents a new theory of belief formation that explains why the financial crisis came as such a shock to so many people - and how financial and economic instability persist.


financia-resilience 2

Financial Resilience and Systemic Risk

Wednesday 30 - Thursday 31 January 2019

This conference aimed to investigate three main themes: post-crisis regulatory reform, global financial system resilience, and central banking and institutional resilience. 

A series of three public lectures were offered as part of the conference:

An Historical Perspective on the Quest for Financial Stability
30 January 2019, 6:30–8:00pm
Wolfson Theatre, New Academic Building, LSE
Speaker: Prof. Michael Bordo (Rutgers University)

The Demise of the Bretton-Woods System Explains Much of Our Current Financial Vulnerabilities
31 January 2019, 2:10-3:00pm
Sheikh Zayed Theatre, New Academic Building, LSE
Speaker: Hon. Jacques de Larosière (Adviser to the President of BNP Paribas and former Managing Director of the IMF)

Fiscal Resilience: Termites of the State
31 January 2019, 6:30-8:00pm
Wolfson Theatre, New Academic Building, LSE
Speaker: Dr. Vito Tanzi (former Director of the IMF and Deputy Minister of Finance of Italy)

The event was co-organised with the Institute of Global Affairs.


The Four Corners of Fintech

Monday 28 January 2019, 6:30 to 8pm

Speakers: Julian Cunningham-Day (Linklaters), Zhaoli Meng (Dean, JD Digits Research Institute), Irina Velkova (Senior Manager, Grant Thornton)

Fintech has been hailed as a breakthrough in democratizing financial services. The new technology can substantially reduce the cost of providing retail banking, small business financing and insurance, as well as allow easier access to savings options and opportunities for investment. After the initial wave of enthusiasm of what fintech can deliver, questions have arisen as to evaluating the impact of fintech on the real economy. Related, fintech companies have started raising money on public markets, attracting valuations far in excess of their brick-and-mortar competitors. Are such valuations credible? The panel brings professionals from the four corners of fintech - entrepreneurial, legal, business advisory and academic – to share their views on these questions. 

This event was co-hosted with the LSE SU FinTech Society.


The future of money - public lecture

Panellists: Jon Danielsson (SRC, LSE), Eva Micheler (SRC, LSE Law) and Nikola Tchouparov (Moneyfold Ltd)

The event addresses the evolving role of money in society. Money used to be gold and is now fiat. Electronic transactions mean we have all but stopped carrying cash. The three panellists discussed how new financial technology is set to change how money and payment systems are organised, if cryptocurrencies would displace fiat money and if banks would be replaced by technology providers?

Jon Danielsson is Co-Director of the Systemic Risk Centre and Associate Professor of Finance at LSE.
Eva Micheler is Co-investigator of the Systemic Risk Centre and Associate Professor in Law at LSE Law.
Nikola Tchouparov is CEO at Moneyfold Ltd.

This event forms part of the “New World (Dis)Orders” series, held in the run up to the LSE Festival, a week-long series of events taking place from 25 February to 2 March 2019, free to attend and open to all, exploring how social science can tackle global issues. How did we get here? What are the challenges? And, importantly, how can we address them? Full programme available online from January 2019. 

Twitter hashtag for this event: #LSEFutureofMoney 

This event was co-hosted by the Systemic Risk Centre and the Law Department.


The future of money and the impact of fintech and cryptocurrencies - conference

Organisers: Jon Danielsson (SRC, LSE), Eva Micheler (SRC, LSE Law)

Speakers: Jason Allen (Humboldt-Universität zu Berlin Centre for British Studies, University of New South Wales Centre for Law Markets and Regulation), Jon Danielsson (SRC, LSE), Rosa Lastra (Centre for Commercial Law Studies, Queen Mary University of London), Igor Makarov(FMG, LSE), Eva Micheler (SRC, LSE Law), John Moore (The University of Edinburgh, LSE), Co-Pierre Georg (University of Cape Town, Economic Research Southern Africa and Deutsche Bundesbank), Catherine Schenk (University of Oxford, Faculty of History, St Hilda's College), Edmund Schuster (LSE Law)

Following increased public interest in the topic, this event brought together academics, policy-makers and practitioners working in the areas of banking, finance and law, to stimulate the academic discourse on the role of money in society, the lessons which may be drawn from history, and the impact of technology and cryptocurrencies. 

Please visit the conference website for further details.

This event was co-hosted by the Systemic Risk Centre and the Law Department.


Non-bank Financial Institutions and Financial Stability

Conference organised by Bank of England, Brevan Howard Centre for Financial Analysis - Imperial College London, Centre for Economic Policy Research and The Paul Woolley Centre for the Study of Capital Market Disfunctionality, London School of Economics

Organisers: Franklin Allen, Sinem Hacioglu, Jumana Saleheen, Laura Silvestri, Jagdish Tripathy, Dimitri Vayanos and Kathy Yuan
Sponsors: Imperial College Business School and London School of Economics
Host: Bank of England

Non-bank financial intermediation comprises almost half of the global financial sector. Since the crisis, UK private non-financial corporations have also substituted funding from banks for tradable securities.  Alongside these changes, the share of electronic trading in financial markets has increased substantially over the last decades.

Therefore, the resilience of the non-bank financial sector and the evolving market infrastructure is crucial for the financial system to play its crucial role of providing funding to the real economy. Their resilience will also ensure that the financial system overall absorbs, rather than amplifies, stresses.

In order to assess the financial stability implications of these recent developments, it is important for academics and policy makers to improve their understanding of risks arising from the behaviour of non-bank financial institutions and the evolution of the supporting market infrastructure, and how to deal with those risks.

Please address any registration queries to Mandy Chan of CEPR at


Getting Rules into Policymakers’ Hands: A Review of Rules-Based Macro Policy

Speaker: Mario Marcel, Governor of the Central Bank of Chile
Discussant: Ricardo Reis, Arthur Williams Phillips Professor of Economics, LSE and Centre for Macroeconomics
Chair: Dimitri Vayanos, Professor of Finance, FMG Director, LSE

This lecture first compares the reasons and risks behind choosing one or another policy approach, exemplifying with the cases of monetary and fiscal policy frameworks. A special focus is given to disentangle the reasons on why monetary policy rules are more complied with than fiscal rules. The lecture deconstructs macro policy rules first to then interrogate the evidence and distil lessons from practice in emerging economies, focusing on Chile in particular.

The lecture was jointly hosted with the Centre for Macroeconomics, LSE.


Unelected Power: the quest for legitimacy in central banking and the regulatory state

Speaker: Paul Tucker, fellow at the Harvard Kennedy School and chair of the Systemic Risk Council. 

Video and podcast are now available.

Central bankers have emerged from the financial crisis as the third great pillar of unelected power alongside the judiciary and the military. They pull the regulatory and financial levers of our economic well-being, yet unlike democratically elected leaders, their power does not come directly from the people. In his new book, Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State, Paul Tucker lays out the principles needed to ensure that central bankers, technocrats, regulators, and other agents of the administrative state remain stewards of the common good and do not become overmighty citizens.  He draws on a wealth of personal experience from his many years in domestic and international policymaking to tackle the big issues raised by unelected power, and enriches his discussion with examples from the United States, Britain, France, Germany, and the European Union.

Ekaterina Zaharieva

EVENT CANCELLED: Brexit, Western Balkans and the Future of Europe

21 May 2018

Speaker: Ekaterina Zaharieva, Minister of Foreign Affairs, Bulgaria

Due to unforeseen circumstances, this event has been cancelled. We apologise for any inconvenience caused. 


EVENT CANCELLED: China’s Great Wall of Debt and the Fragilities of China’s Economy

10 May 2018

Speaker: Dinny McMahon, author of China’s Great Wall of Debt—Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle

Due to unforeseen circumstances, this event has been cancelled. We apologise for any inconvenience caused.

R. Sahay Picture_100x100

China’s Financial System: Risks and IMF’s Recommendations

13 March 2018

Speaker: Ratna Sahay (Deputy Director of the Monetary and Capital Markets Department (MCM) at the International Monetary Fund)

Ratna Sahay, Deputy Director (International Monetary Fund), discusses the results of the 2017 Financial Sector Assessment Program (FSAP) on China. The FSAP, established in 1999 at the IMF, is a comprehensive and in-depth assessment of a member country’s financial sector. The China FSAP was conducted over the course of 2 years during which the FSAP team visited 11 regions and held more than 500 meetings with senior leaders and officials from a number of regulatory and government agencies, as well as representatives from financial institutions, industry organizations, academics and the private sector. Ms. Sahay’s presentation is based on a report produced after the FSAP missions were concluded at the end of the 2 years. She provides an assessment of key risks in the Chinese financial system, as well as the IMF’s recommendations on how to address the risks and reduce financial sector vulnerabilities. 

Event website

Andreas Dombret

A stairway to heaven? The promises and limits of global cooperation

8 February 2018

Speaker: Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank

Andreas Dombret asks whether, over the past forty years, global economic integration has been the “stairway to heaven” that it promised to be. He argues that today’s very far-reaching form of economic globalisation – for all its positive effects of economic efficiency gains and technological transfer – has had more negative repercussions and created fewer benefits than we expected. This mixed performance is one of several reasons behind the growing support for the populist backlash against globalisation manifested, not least, in the Brexit vote. Dr Dombret argues that, in future, we must focus our global harmonisation efforts on certain sensible and legitimate minimum standards, while leaving more room for institutional, legal and regulatory diversity between countries with different histories and preferences.

Watch the video

Ning Zhu

China's Guaranteed Bubble and How to Diffuse It

30 January 2018

Speaker: Ning Zhu

In this talk, Ning Zhu discussed how government guarantees have propelled China's economic growth miracle while creating systemic risks. He gave examples of China's guaranteed bubbles and proposed solutions to diffuse the time bomb.

Hao Zhou

The Chinese Paradigm of Financial Reform, Policy, and Regulation

7 December 2017

Speaker: Hao Zhou

Based on China's specific economic development condition, institutional and technological background, a unique gradulism or dual-track reform stratefy, has been applied to China's financial market opening, financial policy design, and financial system management.
Click here for more information on the lecture.

Barry Eichengreen

How Global Currencies Work

13 November 2017

Speaker: Barry Eichengreen

Chair: Charles Goodhart

Costas Meghir

The Greek Crisis, structural reforms, and Eurozone convergance

30 October 2017: Panel Discussion

Speakers: Costas Meghir (Yale University), Christopher Pissarides (LSE), DimitriVayanos (LSE), Nikolaos Vettas (Athens University)

Discussants: Yannis Manuelides (Allen & Overy LLP) and Ricardo Reis (LSE)
Chair: Hugo Dixon (InFacts)

Kristalina Georgieva

Financing Development on how the World Bank and other development institutions are meeting global needs

29 September 2017

Speaker: Kristalina Georgieva (World Bank)


Multilateralism under Attack? UK, USA and the others

27 September 2017

Speaker: Adam Posen (Peterson Institute for International Economics)



Executive Remuneration - Where Do We Go from Here?

23 March 2017
Corporate Governance Research

Speakers: Dirk Jenter (LSE) and Hans-Christoph Hirt (Hermes EOS)

In this Corporate Governance Research Debate, Dirk and Hans discuss the current state of thinking on Executive Remuneration, before a wider discussion about future policy and research work in this area.

Mark Roe

Short-termism in Financial Markets: Fact and Frenzy

22 March 2017 
Corporate Governance Research, FMG and Law Department seminar

Speaker: Mark Roe (Harvard Law School)

Professor Mark Roe examines some of the recent claims made about the relationship between market short termism and short-termism in the boardroom, in particular, the preconditions for market short termism to be transmitted into the boardroom.

Read Professor Roe’s publication


Culture, Discrimination, and Economic Exchange 

7 March 2017

Speaker: Daniel Paravisini

A discussion of the challenges in establishing whether, and through which mechanism, culture may affect economic exchange.

Video and podcast

Carsten Kengeter

The Great Rift: economic theory and financial disasters… how can we fix the future? 

3 March 2017

Speaker: Carsten Kengeter (CEO of Deutsche Börse AG)

Nearly a decade on, the catastrophe of the global financial crisis still defines the political and economic landscape. Should we have seen it coming? Could it have been avoided? Mr Kengeter examines these questions and their implications both for the foundations of economic theory, and for the structure of contemporary financial institutions.

Delyan Dobrev

Financing Growth In Bulgaria 

28 February 2017

Speaker: Delyan Dobrev

As in much of Eastern Europe, Bulgaria’s growth rate after the Eurozone crisis has remained at half the previous growth rate. Efforts to increase economic prospects rely primarily on finding new ways to finance innovation and entrepreneurship.

Simeon Djankov

Europe's Growth Challenge

27 February 2017

Speaker: Simeon Djankov

In the wake of the Great Recession, Europe’s economy has stagnated to a considerable degree – greater even than that of the United States.

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Arun Jaitley

Transforming India: vision for the next decade 

25 February 2017
100 Foot Journey Club event, supported by the High Commission of India, the LSE South Asia Centre and the LSE Financial Markets Group

Speaker: Indian Finance Minister Arun Jaitley

Chair: Simeon Djankov (FMG)

Discussing India's current economic and financial climate, from the government's high-profile "Make in India" campaign to its recent, radical demonetisation of Indian currency.

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Lindsey Naylor

The Impact of Brexit on the City of London

20 February 2017

Speaker: Lindsey Naylor, partner in Oliver Wyman’s Global Corporate & Institutional Banking practice

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Mervyn King

A Conversation Between Lord King and Professor Goodhart

18 January 2017

Speakers: Mervyn KingCharles Goodhart

A special FMG event in which Lord King and Professor Goodhart discuss the foundation and early years of the Financial Markets Group; the role and reputation of the FMG; trends in monetary and financial economics over the last 30 years; and future problems and developments for central bankers.

Eva Paunova

What Now? after Brexit, after Trump and after the resignation, economic and financial policies to lift Bulgaria's growth prospects

5 December 2016

Speaker: Eva Paunova, MEP

Economic growth in Eastern Europe has been lethargic after the Eurozone crisis, with growth rates at half pre-2009 levels. What can be done to reverse this trend?

Xavier Vives

Can we have both Competitive and Stable Banking? 

22 November 2016

Speaker: Xavier Vives (IESE Business School, Barcelona)

Regulation can alleviate the trade-off, but not resolve it fully, which leads to a need to coordinate regulation and competition policy. This lecture looks at implications for the regulatory financial architecture and challenges for bankers, regulators and academics.

Nicolas Véron

EU27 financial services policy in the wake of the Brexit decision 

17 November 2016

Speaker: Nicolas Véron (Bruegel & Peterson Institute for International Economics)

The UK vote of 23 June will have major implications for the EU27’s future financial services sector. Major uncertainties still abound, but it is not too soon to debate some of the policy choices the EU will face once London, its main current financial hub, leaves its internal market. The likely relocation of significant wholesale financial business from Britain to the Continent will create both risks and opportunities, and call for new directions in EU financial services regulation and supervision.

Rita Ramalho

Ranking Countries on the Ease of Doing Business

16 November 2016

Speaker: Rita Ramalho (Manager of the World Bank-IFC Doing Business)

Doing Business 2017: Equal Opportunity for All, a World Bank Group flagship publication, is the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies-from Afghanistan to Zimbabwe-and over time.

Andrey Kovachev

Brexit and Implications for Bulgarian Workers and Students in the UK 

3 November 2016

Speaker: Dr Andrey Kovachev (Member of the Presidency of the European Parliament and the Committee on Foreign Affairs, Vice-President of the Union of European Federalists)

The results of the Brexit referendum have raised questions about the future of European workers and students in the United Kingdom. Dr Kovachev addresses the concerns raised, and discusses the approach European institutions are taking in the upcoming negotiations with the UK government.