9th Financial Risk International Forum

Paris, March 21 & 22, 2016

CHAMBRE DE COMMERCE ET D’INDUSTRIE DE RÉGION PARIS ILE-DE-FRANCE 27, avenue de Friedland, 75008 PARIS, FRANCE

The Institut Louis Bachelier, in cooperation with the Fondation du Risque, the Europlace Institute of Finance and the Louis Bachelier "Finance and Sustainable Growth" Laboratory, is pleased to invite you to the 9th Financial Risks International Forum.

In the current context, this year's forum will focus on "NEW CHALLENGES FACING THE INVESTMENT MANAGEMENT INDUSTRY".

The aim of this conference is to highlight the methodological and regulatory challenges confronting the investment management industry. The financial crisis and its aftermath have resulted in reflection on the tools and practices of investment managers. The economic and financial environment is challenging, marked by low interest rates, increased volatility, and new economic and demographic risks. Standard practices such as the use of traditional risk management models, benchmarks, quantitative backtests, are being called into question. End investors require more governance and socially responsible investment practices. Regulatory complexity is a constantly evolving concern for the industry. Questions have been raised about potential incentive problems created by delegated management, and financial stability risks posed by the asset management industry.

2016 Guests Speakers are :

Pierre COLLIN-DUFRESNE, Professor at the Swiss Finance Institute, former professor at Columbia University, NY, also worked at Goldman Sachs, editor of a large number of prestigious financial reviews including the Journal of Finance, Journal of Financial Quantitative Analysis and Review of Financial Studies. Panel session 2: Active Ownership, Engagement and Voting

David LAWTON, Director of the Markets Division at the Financial Conduct Authority, UK, member of the board of ESMA and formerly Head of Capital Markets and Governance at Her Majesty's Treasury. Panel session 1: Systemic Risk Posed by Investment Funds and Financial Regulation

Richard ROLL, Professor at University of California Los Angeles School of Management, former president of the American Finance Association and associate publisher of 11 financial and economics reviews. Panel session 3: Smart Beta and Factor Investing

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