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Financial Markets Group

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The Financial Markets Group

Department of Finance
London School of Economics & Political Science
Houghton Street
London WC2A 2AE
United Kingdom

Tel: +44 (0) 207 955 6206
Email:  fmg@lse.ac.uk

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The Financial Markets Group Research Centre (FMG) was established in 1987 at the LSE. The FMG is a leading centre in Europe for policy research into financial markets. It is the focal point of the LSE's research communication with the business, policy making and international finance communities. The FMG works alongside the Department of Finance to understand problems in financial markets and in the decision-making processes of corporations, banks and regulators.

News

LSENABbubbles

16 May- CONFERENCE

CCP Regulation and Supervision

Speakers: Simon Gleeson (Clifford Chance), Andrew Gracie (Bank of England), Ulrich Karl (HSBC), David Murphy (Bank of England)

The purpose of this mini-conference is to hear specialists discuss the state of play in the fast-developing area of CCP regulation. It will cover the legal frameworks governing CCPs in different jurisdictions, risk management by CCP’s including the “loss waterfall”, risk management of CCP’s by their counterparties, stress testing of CCPs, supervision of CCPs, international coordination, and CCP resolution.

This event is free, but pre-registration is required - register here.

 
Jonathan Hill

23 May - PUBLIC LECTURE

The Single EU Capital Market: progress and challenges

Speaker: Jonathan Hill, European Commissioner for Financial Stability, Financial Services and Capital Markets Union

About: The development of a single capital market in Europe is one of the major undertakings of the Juncker Commission. Several important initiatives are already underway, for example new prospectus legislation. When complete, the single capital market will enhance Europe's innovation and high-tech industries.  This event is free and open to all. Entry is on a first come, first served basis.

17:30 - 18:30,  Sheikh Zayed Theatre, New Academic Building

 

fmgLogo

FMG working paper highlights the 'Curse of the Benchmarks' in financial markets

A new working paper by Dimitri Vayanos and Paul Woolley suggests that using stock market indexes as benchmarks of investment performance causes most of the problems associated with asset pricing and asset management: risk/return inversion, short-termism, bubbles and crashes, and  low returns. Intriguingly, momentum funds game benchmarked funds and exacerbate the distortions. Read the paper.

Press coverage: Financial Times;Morningstar (part 1 / part 2);Irish TimesBarron's; Reuters

 
Simeon Djankov

Article: China's Belt-Road initiative to establish Asia-Europe economic zone, strengthen integration - Xinhua news

China's Belt and Road Initiative will establish a large Asia-Europe economic zone, providing opportunities for dozens of countries along the "Belt and Road" routes integrating into the global economy, according to FMG's Simeon Djankov.

 
Has Venture Capital Europe Finally Arrived?

VIDEO: Has European Venture Capital Finally Arrived?

Recorded at LSE, this event brings together academics and practitioners to discuss the state of the European venture capital market. Professor Ulf Axelson sets the stage with a short presentation of new evidence on the drivers of success of venture capital deals, contrasting results in Europe and the US. Professor Felda Hardymon then leads a panel discussion featuring Byron DeeterSaul Klein, and Magnus GoodladWatch now.

 

As well as high-profile public lectures, the FMG runs numerous seminar series, workshops and conferences throughout the year. To learn more, browse all upcoming FMG events and seminars.