News

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

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.

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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.

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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.

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.

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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."

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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.

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.

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.

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.

A 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.

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.

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.