Presentation

The Laboratory of Excellence for Financial Regulation (LabEx-ReFi) is a research centre dedicated to the evaluation of regulation policies. It aims to improve the understanding of financial systems and regulations’ implications, and to provide public authorities with independent academic expertise and guidelines for action. The LabEx-ReFi has been created as an initiative of CNAM, ENA, University Paris 1 Panthéon-Sorbonne (CES, PRISM and IRJS) and ESCP Europe (the project leader) in the context of the “Grand Emprunt”. Learn more here

COMING EVENTS

May
28
Mon
Research Seminar, Law & Finance – « Talent Discovery, Layoff Risk and Unemployment Insurance », by Marco Pagano University of Naples (Finance)
May 28 @ 18 h 00 min – 19 h 30 min
 
This event is part of the ETH Zurich – Sorbonne Paris 1 – ESCP Europe
 
Labex ReFi – Law & Finance Seminar
 
Organized by Alain Pietrancosta (Sorbonne Law School – University of Paris 1),  Christophe Moussu (ESCP Europe) and Gerard Hertig (ETH Zurich)

Marco Pagano

(CV & Bio here)

University of Naples Federico II

will present:

« Talent Discovery, Layoff Risk and Unemployment Insurance»

(Consult the paper here)
 
 
ESCP EUROPE
79 avenue de la République 75011 Paris

cancelled event

18:00-19:30, Room Dalsace – Batiment 3 – étage 1
 
For security reason, please register before the deadline.
 wednesday, May 23
NB. If you are prevented from coming, we would be obliged if you could inform us as soon as possible at contact@labex-refi.com
 

Registration

Past and coming events of the Law & Finance Seminar
May
30
Wed
Séminaire : Seminar Finance & Modeling
May 30 @ 17 h 00 min – 19 h 00 min

 

 

The Finance & Modeling Department and the Labex ReFi

are delighted to welcome on Wednesday 30 May 2018 at 5pm,

 Maison des Sciences Economiques, 106-112, bd de l’Hôpital, 75013 Paris:

5pm: Roy Cerqueti (University of Macerata, Italy) -link –
Reliability and Risk Measurement in a Network Framework
Abstract:  This paper deals with the development of a derivative model in the language of reliability theory. Specifically, a complex financial product is presented as a coherent system with components given by some assets composing the underline. The state of the assets at the expiration date determine whenever the option has positive return or not. The reliability function of the option gives insights on its risk profile, and is evaluated by the computation of the signature of the system. An intuitive connection with the theory of complex networks is also offered.
6pm: Bice Cavallo(University of Naples Federico II, Italy) – link
Multi-criteria methods for dealing with systemic risk

Abstract: The concept of systemic risk is well known in the financial world where it is connoted with risks, which are common to an entire financial market and not to any individual entity thereof; indeed, an event at the company level could trigger severe instability or collapse an entire industry or economy. Thus, a chain reaction crises affecting the whole market.

Systemic risk management must integrate risk assessments into a comprehensive problem-solving exercise that encompasses economic, financial and social impacts; indeed, the potential consequences are devastating from several point of views (e.g. social, financial and economic).

We propose Multi-criteria decision making (MCDM) methods for dealing with the systemic risk, e.g. for comparing several companies with respect to systemic risk taking into account financial and economic variables that provide information about different aspects: size, liquidity, solvency, profitability, debt, and for providing a prioritisation of the risks by analyzing several factors, such as probability and impact of the risks.

MCDM methods are designed to raise awareness of the trade-offs that must be made among conflicting factors such as objectives, criteria and alternatives, help compare alternatives that are dramatically different in their potential impacts or outcomes, and synthesize a wider variety of information.

In particular, the Pairwise Comparison Matrix (PCM) has gained popularity in MCDM; it allows a decision maker to compare two alternatives/criteria/objectives at a time, thus reducing the complexity of a decision-making problem, especially when the set of decision elements is large. Moreover, PCMs are deemed to be more precise than direct judgements.

Jun
1
Fri
Research Seminar, ReFi – Chendi Zhang – University of Warwick
Jun 1 @ 12 h 00 min – 13 h 30 min

 

 

Organized by Prof. Gunther Capelle-Blancard (Université Paris I Panthéon-Sorbonne, Labex ReFi) and Prof. Christophe Moussu (ESCP Europe, Labex ReFi).

Chendi Zhang

University of Warwick

(cv & bio)

tbc

Abstract 

tba

 

(Paper tba)

ESCP EUROPE
79 avenue de la République 75011 Paris
Friday 1 June 2017
12:00am  to  13:30pm, Room 4310
For security reason, please register before the deadline.
Deadline: 30 may 2017

Registration

NB. If you are prevented from coming, we would be obliged if you could inform us as soon as possible at contact@labex-refi.com.

FOCUS

May 22-24, 2018, Paris

35th Annual Conference of the French Finance Association (AFFI)

in partnership with

  and   

website conference here

Call for paper – AFFI Conference 2018 – Paris

35th Annual Conference of the French Finance Association (AFFI)

in partnership with

  and   

May 22-24, 2018, Paris

Submission Deadline: 31st January, 2018

Notification of Acceptance by: 16th March, 2018

Learn more here

Call for Paper – International Conference on Public Authority and Finance

The End of Cash: a Challenge to Public Authority?

New York, April 26 & 27, 2018

Location: School of International and Public Affairs (SIPA) Columbia University New York.

in association with final Capstone Workshop Presentation.

Laern more here

Économie financière : leçons du passé, questions d’avenir

Conférence en l’honneur de Christian de Boissieu

 

Le 21 septembre 2017

à l’Université Paris 1 Panthéon-Sorbonne

Panthéon, appartement Décanal (le matin) & Péristyle de la Sorbonne (l’après-midi)

Learn more here

Conference with Benoît Cœuré

Member of the ECB’s Executive Board

 

PRESENTATION

Le jeudi 23 novembre 2017 à 19h

Learn more here 

International Conference on Public Authority and Finance

Paris, September 1 and 2, 2017

The Laboratory of Excellence on Financial Regulation is pleased to announce a call for papers for its International Conference on Public Authority and Finance, to be held in Paris on September 1 and 2, 2017. This conference is being organised by: Labex ReFI (Paris). It is partnered by the Centre on Corporate Governance, Columbia Law School (New York), the Blavatnik School of Government, University of OxfordDIW (Berlin), Policy Network (London), and the Université Sorbonne Nouvelle – Paris 3 (CERVEPAs, Paris).

Learn more here 

International Advisory Board Workshop

This workshop is organized in conjunction with the International Advisory Board annual Meeting. Please find here the composition of the IAB.

Organized by

Pr Gerard Hertig and Pr Christophe Moussu

Learn more here

RECENT PUBLICATIONS

Paper in a Peer Reviewed Journal

Kahalé Nabil (ESCP Europe, Labex Refi) (2017)

Superreplication of Financial Derivatives via Convex Programming.


Management Science

Laern more here

Paper in a Peer Reviewed Journal

Oleg Chuprinin, Sérgio Gaspar (Labex Refi), Massimo Massa, (2017)

Adjusting to the Information Environment: News Tangibility and Mutual Fund Performance.


Management Science

Laern more here

Paper in a Peer Reviewed Journal

Capelle-Blancard G. (Labex Refi) & O. Havrylchyk (Labex Refi), 2017

Incidence of bank levy and market power


Review of finance

21(3), 1023-1046

Laern more here

Paper in a Peer Reviewed Journal

FOUQUAU, J. (Labex Refi), PORTES, R. and A. L. DELATTE (2017)

Regime-Dependent Sovereign Risk Pricing during the Euro Crisis,


Review of finance

21(1), 363-385.

Laern more here

Edited Book

FINANCIAL REGULATION IN THE EU

From Resilience to Growth

Edited by
Raphaël Douady
Clément Goulet
Pierre-Charles Pradier

Learn more here

Paper in a Peer Reviewed Journal

Alexandre Garel (Labex Refi) and Arthur Petit-Romec (Labex Refi) (2017)

Bank capital in the crisis: It’s not just how much you have but who provides it

Journal of Banking & Finance

Volume 75, February 2017, Pages 152-166.

Laern more here

LABEX REFI IN THE MEDIA

France balks at reforms that will standardise banking rules

A one-size-fits-all approach to regulation will affect Europe more than the US

Laern more here

by Catherine Lubochinsky, professor of economics at Université Paris 2 Panthéon-Assas and Labex ReFi member

Il faut faire une politique de relance

Learn more here

by Christian de Boissieu, Président du conseil scientifique du LabEx ReFi

La déferlante actuelle pourrait accroître la multibancarisation

Selon la chercheuse Jézabel Couppey-Soubeyran, l’arrivée d’Orange et d’autres acteurs oblige les établissements historiques à modifier leur activité, dans la banque de détail notamment.

Laern more here

by Jézabel Couppey-Soubeyran, Maître de conférences en économie à Paris-I Panthéon-Sorbonne, Membre du LabEx ReFi

Jézabel Couppey-Soubeyran est l’auteure de Blablabanque

© 2017 Labex Refi - admin by G. Dimopoulos & S. Dehmej - website by follow media - Mentions légales