News, comments and discussion forum following up the Fields Institute Thematic Program on Quantitative Finance: Foundations and Applications - January to June, 2010.
Friday, September 10, 2010
Systemic Risk Conference in Paris
I'm a little late posting this, but last week I attended a short and sweet one-day conference on systemic risk organized by the Chaires FBF (Federation Bancaire Francaise) in Paris. I had already seen the works of Rama Cont, Stephane Crepre and Andrea Minca at three separate activities at Fields earlier this year, so for me the highlight of the day was the work of Stefano Battiston, who showed a possible mechanism by which increased diversification of risk in network of banks can lead to increased systemic risk.