BrainBites: Evening Lecture Series
Behavior and Risk Culture in Finance
BrainBites lecture in cooperation with PRMIA - March 23 (REGISTRATION IS NOW CLOSED)
Arguably, the most important cause for the financial crisis of
2007-08 was poor risk culture in the financial sector. Poor risk
culture (e.g. the seemingly endless string of misconduct cases)
also continues to be a topic of concern for top management of
financial institutions as well as for regulators and supervisors.
Now that capital and liquidity requirements have been redesigned,
the focus of regulators has visibly shifted to behaviour and risk
culture.
Risk managers are increasingly being given the task of measuring
and achieving a good risk culture. The following questions then
follow: what characterizes a "good" risk culture, how it can
be measured and differentiated from a "poor" risk culture, and how
can a change in risk culture be accomplished?
AIF's upcoming program on July 7-8,
Behavioral Risk Management led by Hersh Shefrin,
addresses these questions. Prof. Shefrin's book of the same
name (Palgrave Macmillan US, 2016) provides the world's first
toolkit for moving ahead on this topic. This BrainBite is a
taster from two prominent authors and researchers on what
underlies the discussion.
Joris Luyendijk is a
journalist and an author of numerous books, most
recently Swimming with Sharks(Guardian Faber,
2015; in Dutch "Dit kan niet waar zijn"). From 2011,
he was based in London where he worked for The Guardian and wrote the
well-read Joris Luyendijk Banking Blog Previously a
newspaper correspondent in the Middle East, Luyendijk studied
anthropology at universities in the Netherlands, the US and
Egypt.
Muel Kaptein is a Professor of
Business Ethics and Integrity Management at RSM Erasmus University,
and a partner at KPMG Forensic & Integrity. He is the author of
a number of books, including 'Workplace Morality'
(Emerald, 2013), and is section-editor at the Journal of
Business Ethics.
Where? Amsterdam Institute of Finance
When? Wednesday 23 March from 17:30 to
19:30
Cost? Free to AIF Alumni. All others €50.
REGISTRATION FOR THIS EVENT IS NOW CLOSED
17:30 - 18:00 Registration and Refreshments
18:00 - 19:30 Presentations and Questions
19:30 - 21:00 Networking Drinks
The setting will be relaxed and casual.
