July 20, 2024
March 28 , 2015
Conference on Financial Econometrics and Risk Management
London, Ontario


In the aftermath of the financial crisis of 2007-2009, which led to massive bank failures and bailouts and a global recession, it has become clear that the models being used to value complex financial products were not only unrealistic but also incapable of accurately measuring the risks associated with the use of these products. In order to prevent similar economic disasters in the future, we must not only develop new robust, real time financial models that accurately reflect the complexity of today’s financial markets, but these models must also provide financial intuitions with the ability to rapidly assess financial risk, ultimately allowing for the nimble regulatory action by bodies such as the Bank of Canada and the Office of the Superintendent of Financial Institutions Canada (OSFI).

Historically, the financial industry has relied on models that do not accurately reflect the complexity of the marketplace, and thus neither have the capacity to accurately predict the risks associated with the use of these products nor the ensuing economic crises that can occur from their use. Instead there is an urgent need to develop statistical models and frameworks, which are flexible enough to realistically describe the dynamics of financial asset returns which can take into account the correlation between multiple assets. The 1-day conference will explore the issues raised above in detail bringing together leading academic and industry experts on financial econometrics and risk management.


The Conference on Financial Econometrics and Risk Management will be held in London, Ontario at Western University's CFIRM (Centre for Financial Innovation and Risk Management). For more information, please visit the Western University Economics Events Website.

The 1-day conference will consist of 8 talks, with speakers drawn from leaders in academia and the industry. Each talk will be 45 minutes, including discussion and questions. For the half-day workshop two lectures will be given by leading academic experts in the field.

The event's program can be found here: http://economics.uwo.ca/about_us/docs/EconometricsConference2015_Program.pdf