Systemic Risk Centre

Contributor(s): Jaime Caruana | The lecture focuses on three major economic developments: slowing growth, large adjustments in exchange rates in emerging economies, and fall in commodity prices accompanied by bouts of financial turbulence. It offers a longer-term, global perspective in understanding current events and the nature of the vulnerabilities facing financial markets and the global economy, as well as associated policy implications. Jaime Caruana is the General Manager of the Bank for International Settlements. Previously, Mr Caruana was Financial Counsellor to the Managing Director and Director of the Monetary and Capital Markets Department of the International Monetary Fund. From 2000 to 2006, Mr Caruana was the Governor of the Bank of Spain, Spain's central bank, and in that capacity, served on the Governing Council of the European Central Bank. He was also the Chairman of the Basel Committee on Banking Supervision from 2003 to 2006 and has been a member of the Financial Stability Forum (now the Financial Stability Board) since 2003. Professor Sir Charles Bean is Professor of Economics in the Department of Economics and an Associate in the Centre for Macroeconomics. He was Deputy Governor for Monetary Policy at the Bank of England from 1 July 2008 to 30 June 2014.

Contributor(s): Vítor Constâncio, Bob Denham | Co-organised by the Systemic Risk Centre, Financial Markets Group, and Centre for Economic Policy Research, the "Stress Testing and Macro-prudential Regulation: A Trans-Atlantic Assessment" conference held on 29th-30th October 2015 brought together more than 100 academics, policy makers, senior policy economists, and banking sector specialists to discuss the development of stress testing as a tool for macro-prudential supervision and regulation. Vítor Constâncio, Vice-President of the European Central Bank, gave an interview on his views on stress testing after the conference.

Contributor(s): Til Schuermann, Bob Denham | Co-organised by the Systemic Risk Centre, Financial Markets Group, and Centre for Economic Policy Research, the "Stress Testing and Macro-prudential Regulation: A Trans-Atlantic Assessment" conference held on 29th-30th October 2015 brought together more than 100 academics, policy makers, senior policy economists, and banking sector specialists to discuss the development of stress testing as a tool for macro-prudential supervision and regulation. Til Schuermann, Partner, Oliver Wyman, gave an interview on his views on stress testing after the conference.

Contributor(s): Andreas Lehnert, Bob Denham | Co-organised by the Systemic Risk Centre, Financial Markets Group, and Centre for Economic Policy Research, the ""Stress Testing and Macro-prudential Regulation: A Trans-Atlantic Assessment"" conference held on 29th-30th October 2015 brought together more than 100 academics, policy makers, senior policy economists, and banking sector specialists to discuss the development of stress testing as a tool for macro-prudential supervision and regulation. Andreas Lehnert, Deputy Director, Office of Financial Stability Policy and Research, Board of Governors of the Federal Reserve System, gave an interview on his views on stress testing after the conference.

Contributor(s): Silvana Tenreyro, Philippe Ithurbide, Jonathan Faull, Jim Esposito, Paul De Grauwe | Co-hosted by the Systemic Risk Centre and Goldman Sachs, the Capital Markets Union event on 23rd February 2015 brought together recognised thought leaders and key decisions makers from the public and private sectors to engage in a dialogue on the benefits of creating, as well as the steps which can be taken to deliver, a well-functioning European Capital Markets Union. Silvana Tenreyro, professor, London School of Economics and Political Science, moderated a panel session with Philippe Ithurbide, head of Global Research Strategy and Analysis, Amundi, Jonathan Faull, director general, Financial Stability, Financial Services and Capital Markets Union, European Commission, Jim Esposito, co-head of the Global Financing Group, Goldman Sachs and Paul De Grauwe, professor, London School of Economics and Political Science, on the steps necessary to achieve an EU Capital Markets Union.

Contributor(s): Craig Calhoun, Jim Esposito, Andrea Leadsom MP, Steffen Kampeter | Co-hosted by the Systemic Risk Centre and Goldman Sachs, the Capital Markets Union event on 23rd February 2015 brought together recognised thought leaders and key decisions makers from the public and private sectors to engage in a dialogue on the benefits of creating, as well as the steps which can be taken to deliver, a well-functioning European Capital Markets Union. Jim Esposito, co-head of the Global Financing Group, Goldman Sachs and Craig Calhoun, professor and director, London School of Economics and Political Science, led a conversation on creating an EU Capital Markets Union with the UK economic secretary to the Treasury, Andrea Leadsom MP and parliamentary state secretary, German Federal Ministry of Finance, Steffen Kampeter.

Contributor(s): Jon Danielsson, Silvana Tenreyro, Sebastian Mallaby, Jacqueline Minor, Andreas Uthemann, Mark Hemsley, Paul Myners, Lance Uggla, Tim Frost, Jonathan Faull | The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy. Co-hosted by the Systemic Risk Centre and Goldman Sachs, the CMU event on 23rd February 2015 brought together recognised thought leaders and key decisions makers from the public and private sectors to engage in a dialogue on the benefits of creating, as well as the steps which can be taken to deliver, a well-functioning European Capital Markets Union.

Contributor(s): Andreas Uthemann | The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy. Andreas Uthemann, Research Officer in the Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Jonathan Faull, Director General, Financial Stability, Financial Services and Capital Markets Union, European Commission, and Jacqueline Minor, Head of European Commission Representation in the UK, discuss what the benefits and obstacles of a Capital Markets Union may be. Jon Danielsson, Co-Director of the Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Lance Uggla, CEO, Markit Group, discusses what the benefits and obstacles of a Capital Markets Union may be. Paul Myners, Chair of Governors, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Mark Hemsley, CEO, BATS Chi-X Europe, discusses what the benefits and obstacles of a Capital Markets Union may be. Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, The Council on Foreign Relations and Visiting Senior Fellow, Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Silvana Tenreyro, Professor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Tim Frost, Director and Founder, Cairn Capital and Governor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be.

Contributor(s): Jonathan Faull, Jacqueline Minor | The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy. Andreas Uthemann, Research Officer in the Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Jonathan Faull, Director General, Financial Stability, Financial Services and Capital Markets Union, European Commission, and Jacqueline Minor, Head of European Commission Representation in the UK, discuss what the benefits and obstacles of a Capital Markets Union may be. Jon Danielsson, Co-Director of the Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Lance Uggla, CEO, Markit Group, discusses what the benefits and obstacles of a Capital Markets Union may be. Paul Myners, Chair of Governors, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Mark Hemsley, CEO, BATS Chi-X Europe, discusses what the benefits and obstacles of a Capital Markets Union may be. Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, The Council on Foreign Relations and Visiting Senior Fellow, Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Silvana Tenreyro, Professor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Tim Frost, Director and Founder, Cairn Capital and Governor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be.

Contributor(s): Jon Danielsson | The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy. Andreas Uthemann, Research Officer in the Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Jonathan Faull, Director General, Financial Stability, Financial Services and Capital Markets Union, European Commission, and Jacqueline Minor, Head of European Commission Representation in the UK, discuss what the benefits and obstacles of a Capital Markets Union may be. Jon Danielsson, Co-Director of the Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Lance Uggla, CEO, Markit Group, discusses what the benefits and obstacles of a Capital Markets Union may be. Paul Myners, Chair of Governors, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Mark Hemsley, CEO, BATS Chi-X Europe, discusses what the benefits and obstacles of a Capital Markets Union may be. Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, The Council on Foreign Relations and Visiting Senior Fellow, Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Silvana Tenreyro, Professor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be. Tim Frost, Director and Founder, Cairn Capital and Governor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be.