On Wednesday 15 May Athanasios Orphanides (former Governor of the Central Bank of Cyprus) spoke at a special seminar in the Financial Markets Group entitled "The politics of the euro area crisis and Cyprus". Further details including photographs, presentation slides and podcast to follow.

4nations competition- UK victory!|

We are delighted to announce that the UK team, consisting of Stavros Panageas| (Department of Finance/FMG, LSE) and Samuli Knupfer| (LBS), were victorious in winning the 4nations cup. This latest win continues the UK's success rate as undefeated champions.

6th annual Paul Woolley Centre conference|

The annual conference will be held at LSE from 6-7 June 2013. A conference programme along with registration information is available here.|

Public lecture: The Banker's New Clothes: What's Wrong with Banking and What to do about it|

The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. Anat Admati examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid. Admati calls for ambitious reform and outlines specific and highly beneficial steps that can be taken immediately.

Podcast now available.|

Public lecture and panel discussion: Doing Well by Doing Good? Private Equity Investing in Emerging Markets|

The Department of Finance and Abraaj Group (sponsor of the FMG's Abraaj research initiative|) hosted this public event looking at private equity’s role in the transformation of the world economy.

Arif Naqvi (Abraaj Group) gave a keynote speech, followed by a panel discussion where he was joined by Tsega Gebreyses (Satya Capital) and Diana Noble (CDC).

Podcast now available.|

Sir Mervyn King: global crises far from over|

telegraph.co.uk, 26 March 2013

Last night LSE was host to an impressive panel of speakers debating 'what should economists and policy makers learn from the financial crises?' Sir Mervyn King, one of the founders of the FMG, was joined by Ben Bernanke, Olivier Blanchard, Lawrence H. Summers and Axel Weber. Read more.|

Long-term battle to expel short-term risk|

ft.com , 13 March 2013

In this article for the Financial Times, Paul Woolley (Paul Woolley Centre) argues that risk metrics should be based on asset cash flows. Read more.|

Towards a more procyclical financial system|

voxeu.org , 6 March 2013

Jon Danielsson (SRC/FMG, LSE) writes this article arguing that heterogeneity is a good thing. It leads to countercyclicality, and thereby reduces instances of procyclical price movements. Both the Basel Committee and the European Banking Authority have indicated that they are troubled by heterogeneity and are seeking to rectify the problem. Their conclusion is plainly wrong. Read more|.

Upcoming events

Events in week commencing 20 May 2013

Lunchtime workshop: Daniel Ferreira
Wednesday 22 May: Unfriendly creditors|

Capital Markets Workshops: Chris Malloy
Wednesday 22 May: Resident networks and firm trade|

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Paul Woolley Centre

FMG Seminars and Workshops