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Previous Lectures and Debates

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  • CARR Young Scholars Colloquium
    The ESRC Centre for Analysis of Risk and Regulation (CARR) will hold a one day colloquium on risk regulation at the LSE on 18 September 2009. The colloquium is intended as a forum for intense and constructive discussion and debate between research students, post-doctoral fellows and CARR staff. It is designed to help scholars improve their risk regulation research projects.

    Places will be strictly limited and all participants will give papers that will have been pre-circulated to faculty and other participants.

    Applications are invited from post-doc fellows and graduates who are in their third year or above. Applicants should provide an A4 page containing a summary of their proposed paper and an indication of the methods they have used in their research. They should also provide a one page CV. These will be used as the basis for selecting participants for the workshop.

    There will be no charge for this event.

    Please email your applications to by 22 June 2009. If you have any queries, please contact Yusuf Osman at or 0207 955 6577.


  • Security and Regulation - Information, Risk and Financial Crime (Panel Discussion)2008

    ESRC Festival of Social Science 

    The Economic and Social Research Council (ESRC)

    Date: Wednesday 12 March 2008
    Time: 3pm-5pm
    Venue: Royal United Services Institute for Defence and Security Studies (RUSI) Whitehall, London, SW1A 2ET

    Financial institutions have extensive regulated responsibilities for preventing and detecting money laundering and the funding of terrorist activities. Similarly, agencies concerned with security of both infrastructure and personnel work with, and rely on, regulated aspects of organisations, such as internal control and risk management systems. At the heart of this growing intersection between the worlds of regulation and security, the confidentiality, integrity and availability of information is an important focus.

    Our panel of experts will each explore, from their distinctive perspectives, the varied and changing relationships between information security, financial crime and regulation.

    Discussing these issues will be:

    Dr James Backhouse 

    Director, Systems and Innovation Group, Department of Management, London School of Economics

    Mr JP Rangaswami

    Chief Information Officer, BT Global Services

    Professor Michael Levi

    Crime and Justice Research Group, University of Cardiff

    Elizabeth Robertson

    Partner, Addleshaw Goddard LLP

    The discussion will be chaired by Professor Michael Power, Research Theme Director, ESRC Centre for Analysis of Risk and Regulation, London School of Economics.

    Pre-booking isn't required for the CARR session, but it would be helpful if you let the organisers know by emailing.

    Directions to the venue are available at the RUSI website.


  • Assessing the Costs and Benefits of Regulation (Panel Discussion)

    ESRC Festival of Social Science 07 Week Seminar

    Date: Tuesday 13 March 2007
    Time: 2pm-4pm
    Venue: London School of Economics, Houghton Street WC2A 2AE (Tower 1, Theatre U8)

    Calls for better regulation, less regulation and deregulation are widespread and commonly voiced in the media. Debates about regulation increasingly focus on red tape, burdens and costs. Regulation is popularly understood to impede productivity, reduce competitiveness, hamper innovation and challenge our freedoms. Yet there are also widespread calls for protection from risk, for compensation for harm, and for increased fairness and accountability in corporate and public life. How can these competing pressures be explained and reconciled? Is regulation costly? Or is it money well spent in the public interest? Can less be more? What does better regulation mean? How is it to be achieved? And for whom?

    A panel of distinguished speakers will debate these issues and reflect on the nature of regulation: its costs, its benefits, and its place in modern society.

    Discussing these issues will be:

    Mr Philip Cullum - Deputy Chief Executive, National Consumer Council
    Mr Matthew Fell - Head of Group Corporate Affairs, Confederation of British Industry
    Mr Alexander Ehmann - Regulation and Enterprise Policy Adviser, Institute of Directors
    Dr Colin Church - Director, Regulatory Innovation, Better Regulation Executive
    Mr David Norgrove - Chairman, The Pensions Regulator

    The discussion will be chaired by Professor Bridget Hutter, Director of CARR.

    This event is free and open to all with no ticket required.


  • Are Risk Managers Dangerous?
    CARR and The Economist, LSE, October 2004

    Opening the debate, Mike Power of CARR portrayed risk managers as "cosmetic, legalistic and concerned with appearances". In contrast, Reg Hinckley of BP thought the overall effect of risk managers was, on balance, positive. They had contributed to the quantification of risk, and had at least prompted the 'right sort' of boardroom discussions.

    Avinash Persaud put the case differently: risk management wasn't working. Risk management should ensure that risks are distributed according to the ability to carry risks. In practice, risks are being transferred from those, such as banks, who can afford to take risks, to members of the public who cannot. Likewise, a 'one size fits all' mentality among risk managers had the perverse effect of destroying the diversity which successful risk management values, and increasing volatility.

    A somewhat equivocal response was provided by Thierry Van Santen of Group Danone: the problem was the failure to distinguish between compliance and risk management. The job of the latter is to identify good and bad risks - since the company which takes no risks has no future.

    A hand count of the audience suggested that the proponents had succeeding in convincing a majority that risk managers - the minority, perhaps? - were indeed dangerous.

    Professor Avinash Persaud, Investment Director, GAM London Ltd,
    Professor Mike Power, PD Leake Professor of Accounting and Co-Director, CARR,
    Dr Reg Hinkley, Commercial Director, Integrated Supply and Trading, BP,
    Thierry Van Santen, Corporate Risk Manager, Group Danone

    Howard Davies, Director, LSE


  • Innovation, Social Risk and Political Responsibility

    Speaker: Piero Bassetti, President, Alta Scuola di Economia e Relazioni Internazionali (ASERI) and Fondazione Giannino Bassetti
    Chair: Claudio Ciborra
    : 14 May 2003
    Time: 6.30pm
    Venue: Hong Kong Theatre


    A look at the issues that complicate innovative political or business decisions in a society of risk and uncertainty, using as examples the decisions taken by the Allianz insurance company after September 11 and the issue of the introduction of genetically modified organisms in a context such as the North of Italy.

    Reflecting the interdisciplinary content of the subject, the academic events were co-sponsored by the ESRC Centre for Analysis of Risk and Regulation (CARR), the Department of Information Systems and the LSE Cities Programme.

    Video footage of the discussion seminar held on 15 May 2003 is available from the Information Systems website.