Paying for Efficient and Effective Markets
Friday 22 - Saturday 23 March 2019
Stationers' Hall, Ave Maria Lane, London EC4M 7DD
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), Emilio Osambela (FRB), Lasse Pedersen (Copenhagen), Robert Stambaugh (Wharton), Vladyslav Sushko (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.
For further details, visit the conference website.
The conference is co-hosted with the Financial Conduct Authority, Security and Exchange Board of India, Systemic Risk Centre and the Paul Woolley Centre for the Study of Capital Market Dysfunctionality.