This House Believes The Nuts & Bolts Of Systemic Risk Control Are In Our Toolbox
Seminar
Background:
This house believes the nuts and bolts of systemic risk control are in our toolbox
A debate on what it will take to manage systemic risk right
5 October, 18:00, London EC2
Systemic risk management controls were clearly ineffective in anticipating the last crisis. Even if they had understood it, many national supervisors with different information were attempting to deal with an international problem on a local basis.
Ambitious G20 plans have sparked divergent approaches to systemic risk management in the EU, US and UK. New research shows that a single approach to managing the systemic risk reporting paradox is likely to be ineffective.
A new platform is required, and a joined up approach across systemically important firms, supervisors and their supply chain will avoid a regime of ‘garbage in, gospel out’ that could fail to spot the next one. But, will it happen?
- Why can’t we just Google systemic risk data?
- What does a good systemic risk control platform need to do?
- What is the gap between a systemic risk platform and what we have today?
- Who would need to be involved in creating a global platform?
- How quickly can we stop the next crisis?
Come and learn what the JWG and Paradigm Risk research has revealed, thanks to funding from the UK government, and join the discussion with an expert panel comprising of:
- Christopher Clack, Director, Financial Computing, UCL
- Mark Robson, Head of Monetary and Financial Statistics Division, Bank of England
- John Veale, Chief Representative in Europe, Reserve Bank of Australia
You will have the chance to debate the house view under the Chatham House Rule. The panel will be chaired by Capital Markets Chamber leader, PJ Di Giammarino, CEO of the regulatory think-tank, JWG.
The session will be followed by drinks, canapés and networking.
Resources:
Speaker(s):
-
Christopher Clack
Director
UCL
-
Mark Robson
Head of Monetary and Financial Statistics Division
Bank of England
-
John Veale
Chief Representative in Europe
Reserve Bank of Australia
Location
IoD hub, City of London
New Broad Street House, 35 New Broad Street
London
EC2M 1NH