Session 13: Risk Management
The financial crisis has brought into focus potential weaknesses in modern financial risk management systems; a panel of experts will discuss the lessons that have been learned and provide guides to the systems of the future.
Presentations and Links
A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
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Speakers
Carl Tannenbaum
Federal Reserve Bank of Chicago
Moderator
Carl Tannenbaum leads the Risk Specialist Division of the Supervision and Regulation Department of the Federal Reserve Bank of Chicago. Prior to joining the Federal Reserve Bank of Chicago, Tannenbaum spent nearly 25 years at Chicago-based LaSalle Bank, where he directed the Balance Sheet Risk Management Group and served as the organization's chief economist.
Tannenbaum earned master's and bachelor's degrees in finance and economics from the University of Chicago. He is a Past President of the National Association for Business Economics. He lives in Downers Grove, Illinois.
Rick Bookstaber
Author of A Demon of Our Own Design
Adrian Blundell-Wignall
Deputy Director, Financial and Enterprise Affairs, OECD
Deputy Director for Financial and Enterprise Affairs (DAF) at the OECD; effective from14th February 2007; Chairman and portfolio manager for The Anika Foundation
Senior Positions: 2002 Citigroup (Australia, Ltd) Director, Head of Equity Strategy Research. 2000 Executive Vice President, Head of Asset Allocation, BT Funds Management. 1993 Head of Derivative Overlays and Levered Products at Bankers Trust Funds Management, building a new $4 billion business. 1991 Head of the Research Department at the Reserve Bank of Australia: directing a department and participating in monetary policy discussions at the internal pre-Board meetings.
Early Career: Economist positions in: the OECD Economics Department, the Reserve Bank of Australia and the Economic Planning Advisory Council of Australia.
Education: 1st class Honours degree and PhD in Economics from Cambridge University, UK.
Publications: Extensive publications on financial markets and monetary policy in learned journals and books, as well as broker analyst studies and reports.
Most Important Achievement: Founder and Chairman of The Anika Foundation, a rapidly growing and high profile charity which provides education research scholarships in the area of adolescent mental health, depression awareness and suicide.