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Europes growth challenge

Finalist for the 14th annual Hayek Book Prize

Europe’s Growth Challenge, co-authored by Anders Aslund and Simeon Djankov, Executive Director of FMG, is one of the five finalists for the 14th annual Hayek Book Prize. Manhattan Institute's Hayek Prize honours the book that best reflects Friedrich Hayek’s vision of economic and individual liberty.

Dimitri Vayanos

Why investors should be weaned off tight tracking to market indices

Paul Woolley and Dimitri Vayanos argue that exploitative momentum investing would shrivel in the absence of benchmarkers

Simeon Djankov

Brexit Readiness Score 

Simeon Djankov

If you believe Prime Minister Theresa May, the United Kingdom will be ready to exit the European Union in April 2019. If you believe UK businesses, Britain is falling behind in its preparations.

Read the full blog.

Amsterdam

Reaching the Promised Holland: Investment Banks Looking to Amsterdam Post Brexit

Simeon Djankov, says"Mainhattan" isn't the only locale in financial institutions' collective crosshairs.

Read the full article.

Previous news

Tom Kirchmaier

Board Is Cited in Bank's Collapse

"In Europe, you have 28 different banking systems, which were created nationally under different mandates," said Tom Kirchmaier, deputy director of corporate governance at the London School of Economics.

Simeon Djankov

Asset managers may lose half of their EU business through Brexit,LSE warns.

With around £6bn, or 25 per cent, of UK asset management revenues that come from EU-related business set to be directly affected by Brexit, firms should look to open offices across Europe, Simeon Djankov, executive director of the financial markets group at LSE, says.

Read the full article

Simeon Djankov

EU moves to gain control of key London financial market.

Simeon Djankov, Executive Director of FMG says "the commission is making the same argument it used in 2014 when it last attempted to pull euro-clearing away from London."

Read the full article.

Simeon Djankov

The City of London after Brexit is the focus of a new FMG discussion paper by Simeon Djankov. In March 2017 the UK government will apply for Article 50 of the Lisbon Treaty to end its membership in the European Union. This unprecedented step follows the 2016 referendum on the country’s exit from the European Union, the results of which surprised many economists.

Swiss Re logo

Second LSE-Swiss Re roundtable at the FMG

LSE's partnership with Swiss Re continued on February 24th as the FMG hosted a second roundtable event to investigate the stability of financial markets, the health of private capital markets and more specifically the environment in which long-term investors operate. Read more.

Martin Oehmke

In a new paper in the FMG Discussion Paper series, Martin Oehmke (LSE) and Adam Zawadowski (Central European University) provide evidence that CDS markets emerge as alternative trading venues that serve a standardization and liquidity role.

FMG Logo Square

FTG London 2017 Conference Announcement

The Financial Markets Group and the Finance Theory Group (FTG) will hold a joint conference covering theoretical work on “The effects of financial frictions in firms, capital markets, and the real economy.” The conference will take place at the London School of Economics from June 19th - 21st, 2017.

Ian Martin

new paper by Ian Martin (LSE) and Christian Wagner (Copenhagen Business School) presents a formula that expresses the expected return on a stock in terms of the risk-neutral variance of the market and the stock’s excess risk-neutral variance relative to the average stock.

American flag

What Donald Trump could do to make America great again without destroying free trade

Investors are looking for signs that the populist agendas of his campaign will be left where they belong: on the campaign trail, writes the FMG's Simeon Djankov. Read more.

Canary wharf at night

November 2016

New LSE financial markets research programme in partnership with Swiss Re

LSE has announced a formal partnership with Swiss Re, one of the world's largest reinsurers, to support an 18-month research programme on monetary policy and long tem investment. The project got underway with an event entitled 'The Big Ease'.

More information on the event + speaker's slides.

More about the partnership.

News archive

Media contributions

The Financial Markets Group frequently appears in the press, and our staff and associates are often asked to comment on the latest financial news stories. Here you will find a selection of news articles relating to the FMG. 


How to Fix Wall Street’s Flawed System of Compensation 
New York Times, July 2016
Report on a recent speech by Professor Charles Goodhart, who argues that transformation of the old partnership culture into a bonus culture where bankers, traders and executives have minimal accountability, has resulted in a marked increase in the frequency and intensity of financial crises.

Breaking the 'curse of the benchmarks 
Irish Times, April 2016
Institutional investors’ obsession with short-term performance means money managers are engaging in activity that is “not merely superfluous but wealth-destroying”, causing bubbles, crashes and financial market dysfunction.

Do Benchmarks Distort the Markets? & The Curse of the Benchmarks, Part II
Morningstar, March 2016
Dimitri Vayanos and Paul Woolley have taken the common idea that benchmarks hamper fund managers one very large step further. In Curse of the Benchmarks, they argue that using market-capitalization-weighted benchmarks damages more than just fund managers. The practice, they claim, hurts the financial markets themselves. 

China's Belt-Road initiative to establish Asia-Europe economic zone, strengthen integration
Xinhua news, March 2016
China's Belt and Road Initiative will establish a large Asia-Europe economic zone, providing opportunities for dozens of countries along the "Belt and Road" routes integrating into the global economy, according to FMG's Simeon Djankov.

Fund managers lose out from benchmarking
Financial Times, March 2016
John Plender focuses on research by Dimitri Vayanos and Paul Woolley in an examination of financial benchmarking

A new contract for growth 
The Economist, August 2015
Dr Paul Woolley's work is discussed in an article for The Economist about short-termism and the way investors employ fund managers.

The Morning Risk Report: How Activist Wolf Packs Work
Wall Street Journal, 19 February 2015
Focusing on Amil Dasgupta's 'Wolf-Pack Activism' research

News archive

 

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