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Financial Markets Group

How to contact us

The Financial Markets Group

Lionel Robbins Building, 4th floor
London School of Economics & Political Science
Houghton Street
London WC2A 2AE
United Kingdom

Tel: +44 (0) 207 955 7002/6301/3569
Email:  fmg@lse.ac.uk|

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The Financial Markets Group Research Centre at LSE is one of the leading centres in Europe for academic research into financial markets.
8th Annual Paul Woolley Centre Conference - Call for papers|

The 8th annual Conference of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality will be taking place at the London School of Economics on Thursday-Friday, 4-5 June 2015. Submissions in topics related to the centre’s agenda are welcome.
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FMG Conference|

On Monday 10th November the FMG organised a very popular one day conference on the 'Start of European banking union: perspectives and challenges'. This was followed by an evening seminar given by Athanasios Orphanides (MIT) on 'Reconstructing Europe'.

To receive invites to future events join our mailing list here.|
MPC member David Miles

MPC member David Miles at LSE|

On Tuesday 30th September MPC member, David Miles| gave a public lecture at LSE. To a packed out venue Mr Miles spoke about the paradox of giving guidance on the course of monetary policy in an uncertain economic environment and the subsequent lessons for setting policy. A transcript of his speech is available here.| 


FMG Review 97 published|

The latest Review newsletter is now available for free here|. In this edition read about the recent funding and grant successes of the FMG, the newest FMG scholars, and the FMG conference on 'Managing and financing European bank resolution'.

Prof Vayanos elected to the British Academy
We are delighted to announce that Prof Dimitri Vayanos| (Director of the Paul Woolley Centre| and Professor of Finance, LSE) has been elected a Fellow of the British Academy|. Each year, the British Academy elects into its Fellowship UK-based scholars who are highly distinguished academics and who are recognised for their outstanding research and work across the humanities and social sciences. Prof Vayanos is one of only 42 new Fellows elected this year, 4 of whom are from LSE. Read more.|


ESRC Future Research Leaders grant for LSE academic|

Dr Andrea Vedolin|, Assistant Professor of Finance at LSE and FMG staff member, has been awarded a major research grant designed to enable outstanding early-career social scientists to become the future world leaders in their field. The £312,000 of funding from the ESRC| will support work entitled ‘Aggregate Duration Risk’. Read more.|

Deutsche Bank

Deutsche Bank Prize 2014|

We are pleased to announce the winners of the 2014 Deutsche Bank Prize as John Kuong| (Department of Finance) and Inna Grinis (Department of Economics). John receives the winner prize of  £10,000 and Inna the runner-up prize of £5,000. The full award announcement is available to read here.|  

Daniel Ferreira

The Takeover Code and the Battle for AstraZeneca|

In the aftermath of Pfizer’s failed takeover attempt, Professor Daniel Ferreira| interviewed Professor David Kershaw|, an expert on UK takeover rules, about the role of such rules on the outcome of the proposed deal. Both Daniel and David are members of Corporate Governance at LSE.| The video is available to view online here.|

Juanita Gonzalez-Uribe

Coller Institute of Venture 2014 Research Grants|

Dr Juanita Gonzalez-Uribe| (FMG/Department of Finance), along with co-author Dr. Lora Dimitrova, has received a $15,000 Coller Institute of Venture (CIV) research grant| for their paper 'Corporate venture capital and productivity in pharmaceutical-biotechnology companies'. CIV research grants are awarded  to encourage and support original academic research in the field of venture with the goal of making a significant contribution to understanding and shaping the venture ecosystem.


Photograph of Dimitri Vayanos

Risk return relationship has been upended| [pdf]
ft.com, 5 November 2014

Prof Dimitri Vayanos'| (Director of the PWC) and Dr Paul Woolley's| recent paper "Asset Management Contracts and Equilibrium Prices|" is discussed in an article for the FT.


Women rise at Fidelity, Santander as gender gap persists|

Bloomberg.com, 14 October 2014

The number of women holding top roles in banking and asset management, though improving, still lags behind other industries. While women have more than half of all jobs in financial services, their ranks drop off between the mid-manager and executive levels. Dr Tom Kirchmaier| is quoted. Read more.|


The myth of expertise|
Investorschronicle.co.uk, 20 October 2014

Research by Prof Christopher Polk| (Director of the FMG) is quotes in this article about whether fund managers actually have any expertise. Read more.|

Prison prospect makes UK bank boards less appealing|
, 8 October 2014

The UK is preparing to introduce some of the world's toughest rules on financial conduct, but what will the consequences of this be?Dr Tom Kirchmaier |(FMG) is quoted. Read more.|

Time to shake up housing finance
|ft.com, 29 September 2014

In this article for the Financial Times Prof Charles Goodhart| argues that the focus on structural reform should go beyond banking. Read more.| A subscription to the Financial Times online may be needed to access this article.

Double agents|
The Economist,
13 September 2014

Dr Paul Woolley| and Prof Dimitri Vayanos'| new paper 'Asset Management Contracts and Equilibrium Prices'| is discussed in an article for The Economist about the relationship between investors and fund managers.

Read more|.

Ballooning finance|
voxeu.org, 21 August 2014

The Global Crisis has intensified debates over the merits of financial innovation and the optimal size of the financial sector. In this column for Vox, Dr Paul Woolley| and his co-authors present a model in which the growth of finance is driven by the development of a financial innovation. Read more.


Upcoming events week of 24th November

London Financial Regulation
David Bholat and Robleh Ali (Bank of England)
Monday 24 November

Capital Markets Workshop|
Haoxiang Zhu (MIT)
Wednesday 26 November