Financial Risk Day

Financial Risk Day

Financial Risk Day 2018

RD risk Day

Overview

  • Date/Time: 16 March 2018, 9am -6pm
  • Venue: Swissotel Sydney, 68 Market Street, Sydney, Australia

The Centre for Financial Risk in the Faculty of Business and Economics hosted its eighth annual conference in March 2018. This one-day conference brought together experts from industry, academia and regulatory bodies and discussed the impact of a low interest rate environment on investment and risk in banking, insurance and superannuation areas.

Theme:

Investment and Risk in a Low Interest Rate Environment

Speakers and presentation titles:
  • Guy Debelle, Deputy Governor, Reserve Bank of Australia (RBA); "Risk and return in a low rate environment". Please click here to view RBA speech.
  • John Pearce, Chief Investment Officer, UniSuper; "A practical look at risk and return in the current environment".  Presentation slides cannot be provided.
  • Antje Bernt, Head of Finance, Research School of Finance, Actuarial Studies & Statistics, Australian National University; "Dealer Inventory, short interest and price efficiency in the corporate bond market". Presentation slides cannot be provided.
  • Simon Elimelakh, Head of Investment Risk and Portfolio Analysis, NAB Asset Management; "Style Matters". Please click here to view presentation.
  • Alastair Sloan, Former Head of Asset Allocation at Sunsuper; "Trading markets in the low interest rate environment". Presentation slides cannot be provided.
  • Stephen Kirchner, Program Director, Trade and Investment, United States Studies Centre, University of Sydney; "Interest rates, monetary policy and financial stability". Please click her to view presentation.
  • Nigel Wilken-Smith, Director, Portfolio Strategy, Future Fund; "Portfolio construction in a low rate environment". Presentation slides cannot be provided.
Please click here to view the Program

Opening and Welcome:

Professor Stephen Brammer - Dean, Faculty of Business and Economics, Macquarie University

Professor Brammer was appointed Dean, Faculty of Business and Economics, Macquarie University on 2nd January 2017. Professor Brammer is an industrial economist by training, and holds a Bachelor, Master’s and PhD in Economics from the University of East Anglia. He is internationally recognised as a leading scholar in business ethics and corporate social responsibility, specialising in how organisations build and manage mutually rewarding relationships with a range of stakeholders.


Speakers:

Image result for antje berndt

Antje Berndt - Head of Finance, Research School of Finance, Actuarial Studies & Statistics, Australian National University

Professor Antje Berndt is the Head of Finance at Australian National University’s Research School of Finance, Actuarial Studies and Statistics. Her research focuses on the theoretical and empirical analysis of different sources of delinquency risk: corporate credit risk, mortgage default risk and fiscal risk. She has published in leading finance and economics journals, and her work has been featured in the Wall Street Journal and on CNBC Squawk Box, NPR Market Place and Reuters. She has been invited to present at NBER workshops, the AFA, WFA, EFA and SED annual meetings, and over 50 seminars at outside institutions.

Prof. Berndt is an ANU Futures Fellow and was the recipient of the PNC Professorship in Computational Finance, GARP Research Management Award, Fulbright Enterprise Scholarship, Moody's Research Award, and NSF and NSA funding. She holds a PhD from Stanford University and an MA from Columbia University. Prior to joining the ANU, Prof. Berndt held academic appointments at NC State University, Carnegie Mellon University, and Cornell University.

Guy Debelle - Deputy Governor, Reserve Bank of Australia

Guy Debelle- Deputy Governor, Reserve Bank of Australia Guy Debelle commenced as Deputy Governor of the Reserve Bank of Australia on 18 September 2016. He is Deputy Chair of the Reserve Bank Board and Chair of the Reserve Bank's Risk Management Committee. Dr Debelle  is a former chair of the Australian Foreign Exchange Committee and also chaired the BIS Foreign Exchange Working Group responsible for the development of the Global Code of Conduct for the Foreign Exchange Market.


Simon Elimelakh - Head of Investment Risk and Portfolio Analysis, NAB Asset Management

Simon Elimelakh joined NAB Asset Management (formerly MLC Investment Management) in February 2012 as Head of Investment Risk. He is a voting member and the alternate chair of the NABAM Investment Committee. Simon has more than 20 years of investment experience in Australia having worked in senior roles for several major domestic and international funds management and consulting firms including Ibbotson Australia (Head of Strategy), BT Investment Management (Head of Quantitative Investment Strategies), Rothschild Asset Management (Head of Quantitative Analysis) and MSCI BARRA (Senior Consultant). Simon has a Masters in Applied Maths from Moscow University for Railway Engineers. Simon is a CFA Charterholder, Fellow of FINSIA and a member of The Q-Group and CQA (Chicago Quantitative Alliance).


Stephen Kirchner - Program Director, Trade and Investment, United States Studies Centre, University of Sydney

Dr Stephen Kirchner is Program Director, Trade and Investment, United States Studies Centre, University of Sydney. He is also a senior fellow at the Fraser Institute in Canada, where he has contributed to research projects comparing public policies in Australia, Canada and New Zealand.

Previously, he was an economist with the Australian Financial Markets Association, where he worked on public policy issues relating to the efficient and effective functioning of Australian financial markets and Australia’s position as a regional and international financial centre.


Image result for john pearce unisuper

John Pearce  Chief Investment Officer, UniSuper Management Pty Ltd


John Pearce joined UniSuper as Chief Investment Officer in July 2009. UniSuper is the
superannuation fund dedicated to people working in Australia's higher education and
research sector. With more than 410,000 members and over $65 billion in net funds under
management, is one of Australia’s largest super funds. UniSuper has about 45 investment
professionals involved in allocating funds and investing directly across all asset classes both
domestically and globally.
John has over 25 years’ experience in the financial services industry both in Australia and
Asia. He has held several senior positions including Chief Executive Officer and General
Manager, Investments of Australia's largest asset management company, Colonial First
State, from 2000 to 2006. From 2006 to 2008 John was the Head of Global Asset
Management for Ping An, which is China's second largest insurance company.


Alastair Sloan - Former Head of Asset Allocation at SunsuperAlastair Sloan is the Chief Investment Officer of Beluga Capital, a newly formed family office. Previously, Alastair was employed by Sunsuper, a large superannuation company, as a member of their Investment team. He joined Sunsuper in 2014 as Manager of Tactical Asset Allocation with responsibility of short term Asset Allocation across their portfolios and has 31 years of investment experience. Alastair holds a BA (Honours) in Business Administration from the Richard Ivey School of Business (University of Western Ontario) and a Bachelor of Arts (UWO).


Nigel Wilkin-Smith - Director, Portfolio Strategy, Future Fundnigel wilkin smith

Nigel is a Director in the Portfolio Strategy team at the Future Fund.  Portfolio Strategy is responsible for economic and capital market analysis, portfolio design and quantitative analysis, and portfolio construction.  Nigel leads the Portfolio Construction function, ensuring that the approach to total portfolio construction melds top-down considerations with bottom-up insights in a consistent manner that aims to improve overall portfolio outcomes. Nigel joined the Future Fund in 2010 from van Eyk Research where he was Head of Strategic Research.  Prior to this he worked as a research fellow at both the University of Queensland and the Australian National University (ANU).  He holds a PhD in Mathematics from ANU.

Who Should Attend:
  • Banking and finance specialists
  • Risk and compliance managers
  • Actuaries and insurance professionals
  • Fund managers
  • Regulators
  • Policy analysts
  • Academic researchers
  • Consultants
THE CENTRE FOR FINANCIAL RISK

Researchers at The Centre for Financial Risk investigate uncertainty in capital markets. We examine the spectrum of financial risks faced at all levels of the economy. Our research promotes greater stability and good decision-making by businesses, individuals, government and regulators. The nature and management of financial risks is investigated by a team of leading inter-disciplinary research with expertise in financial economics, econometrics and innovative modelling approaches.

Our Research Focus:
  • International and domestic issues
  • Regulation and government policy
  • Banking, finance and asset pricing
  • Insurance and risk analysis
  • Energy and utility markets
  • Climatic change and catastrophic risks
  • Superannuation
  • Complex industry and corporate issues
  • Behavioural economics and financial literacy
CONFERENCE PARTICIPATION FEES:
  • Early bird registration - $275 (inc GST) until 12 February 2018
  • Normal ticket prices – $330 (inc GST)
  • Group of 4 Ticketing - $990 (inc GST)

This registration includes lunch and refreshments, plus a conference cocktail event.

Financial Risk Day 2017

Risk Day banner

Overview

The Centre for Financial Risk in the Faculty of Business and Economics hosted Macquarie University’s seventh annual Financial Risk Day on 17 March 2017 at the Sydney Swissotel.

Risk Day is the main event held each year by Macquarie University's Centre for Financial Risk to showcase work being done by researchers in this multi-disciplinary centre while enhancing links with industry and regulatory practitioners. Risk Day is a platform to exchange ideas on emerging research and regulatory issues on important risk-related topics.

Topics

This year’s theme  -  Impact of Technological Innovation on Financial Risk – brought together experts on Blockchain, Cryptocurrencies, Data Analytics and the wave of FinTech to examine the impact of these developments on the finance and insurance sector, economic and social exposure, and potential gains.

This year was the first time the Centre partnered with the Optus Macquarie University Cyber Security Hub to profile cyber security as a cross-cutting theme. This provided opportunities to discuss how industry, government and universities are collaborating to develop resilience of cyber security for business and society.

Sessions themes included:

  • Risk management issues related to Fintech and digital currencies
  • Innovations and risk modelling in cyber security
  • Impacts of the blockchain on financial markets and institutions
  • Digital banking services
  • Risk fundamentals for successful peer-to-peer lending

Financial Risk Day 2017 brought together representatives of industry, academia and regulatory bodies including:

  • David Yermack, cryptocurrency expert -  New York University
  • Piet De Jong, Professor of Actuarial Studies - Macquarie University
  • Fergus Brooks, National Practice Leader, Cyber Risk – AON
  • Simon Schwartz, Executive Director - Adexum Capital Peer-to-Peer Lending
  • Mike Aitken, CEO, Professor and Chief Scientist - Capital Markets CRC
  • Pete Steel, Executive General Manager, Digital - Commonwealth Bank of Australia

Please see attached Program: 2017 Program

Financial Risk Day 2016

The 6th annual Financial Risk Day Conference was held on Friday 18 March. The theme, Banking, Investment and Property Risk: Booms, Bubbles & Busts, led to robust discussion arising from the dynamic presentations.

Luci Ellis, Head of Financial Stability Department, Reserve Bank of Australia

Financial Risk Day 2016 brought together representatives of industry, academia and regulatory bodies for our balanced program.

These included:

  • Luci Ellis, Head of Financial Stability Department, Reserve Bank of Australia
  • Christopher Joye, Director, Smarter Money Investment, Contributing Editor, The Australian Financial Review
  • Michael McCarthy, Chief Market Strategist, CMC Capital Markets (Australia)
  • Heidi Richards, General Manager, Industry Analysis, Australian Prudential Regulation Authority
  • Shuping Shi, Senior Lecturer, Department of Economics, Macquarie University
  • Jeffrey Sheen, Professor of Economics, Macquarie University
  • Stefan Trueck, Professor of Finance, Macquarie University

Risk Day was held on Friday 18 March at the Ballroom of the Sydney Swissotel.

At a time where financial markets are nerviously waiting for signals to determine their direction, this year’s expert speakers addressed:

  • circumstances connected with irrational exuberance in domestic housing and other financial markets
  • factors contributing to changes in market behaviour and investment risk
  • volatility in global financial markets
  • new tools to analyse changes in economic indicators

Speakers explored the implications of financial market swings and periods of sustained growth and decline – and what they mean for all levels of society as well as those directly involved with financial markets.

Risk day brings together a diverse audience of academics, industry practitioners, regulators, the media and those involved with investment, banking and finance, and risk management in financial markets.

Speakers included Centre for Financial Risk directors Professor Jeffrey Sheen and Professor Stefan Trueck, who have completed important research on detecting changes in financial markets.

Risk Day attracts a broad audience. The event is a platform to exchange ideas on emerging research and regulatory issues on important risk-related topics.

Risk Day is the main event held each year by Macquarie University's Centre for Financial Risk to showcase the work being done by researchers in this multi-disciplinary centre while enhancing links with industry and regulatory practitioners.

The theme, Banking, Investment and Property Risk: Booms, Bubbles & Busts, is consistent with the strategic initiative investigating the “Prosperous Economies” research.

Heidi Richards' presentation can be found at:
http://www.apra.gov.au/Speeches/Pages/A-prudential-approach-to-mortgage-lending.aspx

Luci Ellis's presentation:
http://www.rba.gov.au/speeches/2016/sp-so-2016-03-18.html

Christopher Joye's presentation:
joye_christopher_Risk Day.pptx

Michael McCarthy's presentation:
mccarthy_michael_ Blow Bubbles.ppt

Jeffrey Sheen's presentation:
sheen_jeff_Riskday.pdf

Shuping Shi's presentation:
shi_shuping_FinancialRiskDay_Shi.pptx

Stefan Trueck's presentation:
Presentation_trueck_160318.pdf

Financial Risk Day in the media

Blowing housing bubbles - Michael McCarthy in Switzer

Please see attached program: 2016 Program

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