The fast development of AI methods and data centricity in finance will pose new challenges and opportunities in our economic climate. Policy challenges in a weakening economic environment need to be investigated – the coverage and optimality of the policies as well as searching ways of building up a new sustainable future.
This conference on systemic risk analytics brings together most recent advances on computational tools for systemic risk identification and assessment as well as analysing future opportunities and threats of Big Data and AI.
The scope of models and techniques includes systemic risk and early-warning indicators, network and contagion analysis, macro stress-testing, optimal timing of macro-prudential policies as well as measures of coinciding systemic stress and systemically important financial institutions.
The aim of the conference is to also adopt methods and techniques from other disciplines, such as computer science, engineering, biology and physics, that use computer-intensive approaches, novel data sources, visual representations or interactive interfaces, among others.
TOPICS
The themes of the conference cover policy and practitioner-oriented research related to systemic risk measurement.
We solicit contributions covering a broad range of techniques related to systemic risk analytics, particularly related to (but not limited to) the following themes:
- Using systemic risk analytics to support macro-prudential policy and regulation
- Analysing emerging risks from interconnectedness of the financial system
- Use of big data and artificial intelligence for systemic risk analytics
- Identifying risks from market-based finance
- Risks and opportunities stemming from disruptive innovations in financial technology (FinTech)
- Optimal timing of Macro-prudential countermeasures
- Economic policies and the climate change
- Economic policies in the turbulent and uncertain times
PROGRAMME AND VENUE
The conference will be held as a hybrid conference, so virtual participation is also possible. The conference will take place on 8-9 June 2023 at Bank of Finland in Helsinki. The conference includes keynotes, presentations and poster sessions. The conference is accompanied with a social event for speakers on 8 June, taking place at the Bank of Finland Villa.
REGISTRATION INSTRUCTIONS
We welcome academics and experts of the conference topics to participate in the conference. Participation requires pre-registration. There is no registration fee. However, participants are expected to pay their expenses for travel and accommodation.
Registration is closed.
More information: fs.events@bof.fi.
Programme
| Conference Day 1 |
| Conference opening: Olli Rehn (Governor, Bank of Finland) |
| Keynote: Making Banking Safe Stephen Cecchetti (Professor Brandeis University, ESRB) Presentation |
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Session 1 Uncertain credit-loss phases and bank capital Differential Effects of Macroprudential Policy |
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Session 2 U.S. monetary policy and credit risk of new corporate credit lines Liquidity Provision and Co-insurance in Bank Syndicates |
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Session 3 A Model of Interacting Banks and Money Market Funds Derivative margin calls: a new driver of MMF flow |
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Session 4 Tackling climate change risks to financial stability: What role for prudential policy The macroeconomic effects of the insurance climate protection gap |
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Keynote: Machine Learning: The Basics |
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Conference Day 2 |
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Session 5 An Early Warning System for Tail Financial Risk Do buffer requirements for European systemically important banks make them less systemic? |
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Session 6 The price of leverage: learning from the effect of LTV constraints on job search and wages Effects of borrower-based regulation on housing demand |
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Keynote: AI-Generated Synthetic Data - a New Lingua Franca to Unite for Systemic Risk Analysis Michael Platzer (Co-Founder & Chief Strategist Mostly AI) Presentation |
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Session 7 Detecting the “Hidden Bomb”: Building an Integrated Surveillance Framework for Highly Leveraged NBFIs |
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Session 8 The Paradox of Conservative Haircuts Systemic Climate Risk |
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Closing remarks Programme SRA 2023 |
POSTER SESSION |
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Multiple property ownership: the role of household characteristics and macroprudentialpolicy |
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Interbank asset-liability networks with fire sale management |
| Narrative Triggers of Information Sensitivity Kim Ristolainen (University of Turku) Poster |
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Climate Change, Bank Fragility, and Systemic Risk Yuna Heo (University of Basel) Poster |
| A Macroprudential Look Into the Risk-Return Framework of Banks’ Profitability Joana Passinhas (Banco de Portugal) Poster |
| How much is too much? Assessing the non-linear relationship between linear relationship between debt and sovereign creditworthinessdebt and sovereign creditworthiness Sanne Zwart (European Investment Bank) Poster |