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Managing Risk in a More Uncertain WorldEvent page
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.
Digital technology and inclusive growthEvent pageApril 2019
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.Watch now
A Crisis of Beliefs: investor psychology and financial fragilityEvent pageFebruary 2019The 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.
The Four Corners of FintechEvent pageJanuary 2019
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.
The Future of MoneyEvent page
November 2018Money used to be gold and is now fiat. Electronic transactions mean we have all but stopped carrying cash. The panel discuss how new financial technology is set to change how money and payment systems are organised, if cryptocurrencies will displace fiat money and if banks will be replaced by technology providers?
Unelected Power: the quest for legitimacy in central banking and the regulatory stateEvent page
May 2018Central 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. 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.
A stairway to heaven? The promises and limits of global cooperation
February 2018Andreas 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.
Culture, Discrimination, and Economic Exchange
March 2017In his inaugural LSE public lecture, Professor Daniel Paravisini discusses the challenges in establishing whether, and through what mechanism, culture may affect economic exchange.
UN - to be fit for purpose
June 2016Igor Lukšić, candidate of Montenegro for the position of UN Secretary General, examines how to ensure a UN system to address existing and emerging challenges; how to make the UN more effective, efficient and relevant; and how to achieve sustainable security, foster development and protect human rights.
The Single EU Capital Market: progress and challenges
May 2016Jonathan Hill, European Commissioner for Financial Stability, Financial Services and Capital Markets Union, discusses the development of a single capital market in Europe. Several important initiatives are already underway, and when complete, the single capital market will enhance Europe's innovation and high-tech industries.
Has European Venture Capital Finally Arrived?
March 2016This event brought together academics and practitioners to discuss the state of the European venture capital market. Professor Ulf Axelson set the stage with new evidence on the drivers of success of venture capital deals, contrasting results in Europe and the US, before Professor Felda Hardymon led a panel discussion featuring Byron Deeter, Saul Klein, and Magnus Goodlad.
Shaken but not Stirred? The Banking System Seven Years after the Crisis
October 2015While bankers and regulators are still busy implementing the lessons learnt from the crisis, new challenges have arisen that might once again change the banking landscape. Dr Andreas Dombret (Executive Board of the Deutsche Bundesbank) joins Professor Sir Charles Bean to examine the issues.
Between Debt and the Devil: money, credit and fixing global finance
October 201Adair Turner joins BBC Economics Editor Robert Peston to discuss how future public policy must constrain the quantity - and influence the allocation - of private credit creation.
Irrational Exuberance: as relevant as ever
June 2015Nobel Prize-winning economist Robert Shiller cautions that irrational exuberance among investors has only increased since the financial crisis. This public lecture was recorded at LSE and Chaired by FMG Director Professor Christopher Polk.
Arthur Grimes: how prudent are macro-prudential policiesEvent page
November 2013The FMG, in partnership with NZ-UK Link Foundation, organised this seminar to discuss whether the macro-prudential policies which central banks and financial organisations are working to create, will be effective in stabilising the financial system and/or asset markets.
Unintended Consequences of the New Financial RegulationsEvent page
March 2013The Systemic Risk centre (SRC) and FMG hosted a public debate on 11 March 2013, to discuss whether the post crisis reforms of financial regulations will be effective in protecting us from financial excesses, or may perversely destabilise the financial system.
LSE perspectives on the sovereign debt crisisEvent page
November 2011The FMG, LSE European Institute and Finance Department hosted this public debate between LSE academics on the financial crisis on 2 November 2011, with particular emphasis on the Eurozone.
Special London Financial Regulation Seminar
October 2011Chairman Gary Gensler (Commodity Futures Trading Commission) visited the FMG in October 2011 and gave a talk on "Global Reform for Derivatives Markets". A transcript of Chairman Gensler's speech is available by clicking here.
The Future of Finance: The LSE ReportEvent page
May 2011What is the financial system? What is the future of finance? Charles Goodhart (FMG, LSE) gave a keynote speech based on The Future of Finance: The LSE Report, in Frankfurt. Paul Woolley (Paul Woolley Centre) acted as a panellist.
The Future of Finance conferenceEvent page
July 2010Early in 2009, Paul Woolley (Paul Woolley Centre) and Richard Layard (CEP) established The Future of Finance discussion group comprising regulators, bankers, academics and commentators. The discussions culminated in a one day conference in July 2010, entitled 'The Future of Finance and the theory that underpins it'.
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