The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
A conference jointly organized by the Federal Reserve Bank of New York, the Society for Financial Econometrics, and the Volatility Institute of New York University.
The 2007-09 financial crisis demonstrates that systemic risk spreads globally across markets and institutions. Funding difficulties in one country can spill over to other countries via internationally active institutions, and the tail risk in financial markets can be transmitted across the world. Accordingly, the G20, FSB, and IMF have announced initiatives to study global systemically important financial institutions (GSIFIs).
This conference brings together experts in banking, regulation, and financial economics to take stock of current academic research on systemic risk in a global context. Examples of such research are the identification of GSIFIs, the regulation of systemic risk, and early warning systems. A highlight of the conference will be a panel discussion by leading academics, regulators, and practitioners on relevant aspects of global systemic risk.
Audience The conference is open to academics and other researchers in the fields of economics and finance. It is closed to the media.