Tuesday, September 19, 2017 | 12:30 PM to 1:30 PM
Systemic risk is the risk that developments in the financial system will disrupt financial stability and the economy. While systemic risk has been a central concern since the Credit Crisis of 2007–2009, the history of finance shows that financial crises occur frequently and threats to financial stability are constant, requiring careful monitoring and management of systemic risk. In Understanding Systemic Risk in Global Financial Markets, Aron Gottesman and Michael Leibrock discuss the core principles and dynamics of systemic risk, as well as a real-world approach to managing it.
About the Authors
Michael Leibrock is managing director, chief systemic risk officer and head of Counterparty Credit Risk for The Depository Trust & Clearing Corporation (DTCC). He serves as chair of DTCC’s Model Risk Governance Council and co-chair of the Systemic Risk Council. He is an active speaker globally on the topics of systemic and credit risk.
Aron Gottesman is Professor of Finance and the Chair of the Department of Finance and Economics at the Lubin School of Business at Pace University. He has published more than 30 academic articles and books and has been extensively cited in newspapers and popular magazines. Gottesman writes on financial markets, derivative securities and asset management.
This program is supported, in part, by public funds from the New York City Department of Cultural Affairs, in partnership with the City Council.
