tag:blogger.com,1999:blog-4110186606239159222011-12-01T07:10:39.022+01:00Swiss Finance Institute viewsHave you got something to say about finance research and the Swiss Finance Institute?
Use this site to submit your views and to find out what the Institute is doing in the world of finance.
Disclaimer: This site does not represent the opinions of Swiss Finance Institute Management.tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.comBlogger631100tag:blogger.com,1999:blog-411018660623915922.post-26915626905115502192009-05-18T13:59:00.004+02:002009-05-18T14:09:47.348+02:00Final blogI will not be making any further posts to this blog.May I take this opportunity to warmly thank the visitors (clocking up 10,000 visits from 100+ countries) and contributors (from Institute visitors to students to directors at the SFI) for supporting the blog!tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com5tag:blogger.com,1999:blog-411018660623915922.post-60759985612062307012009-05-18T10:18:00.009+02:002009-05-18T13:58:25.608+02:00Institute Director Jean-Pierre Danthine to join Swiss National BankThe Managing Director of the Swiss Finance Institute, Jean-Pierre Danthine, will join the Swiss National Bank's Governing Board in 2010.The announcement of professor Danthine's appointment was made on April 8th and was widely reported in the press.For those keen to see researchers represented in Government, the appointment is good news and I wish Jean-Pierre the very best in the role.tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-18339137415311166532009-03-04T09:51:00.005+01:002009-03-04T10:00:51.203+01:00Rajna Gibson considered for future Swiss National Bank BoardFollowing the announcement of Jean-Pierre Roth's retirement at the end of the year, Swiss Finance Institute's Rajna Gibson has been named as a possible candidate for the Executive Board of the Swiss National Bank.Professor Gibson, pictured here in discussion with Banque Cantonale Vaudoise Board Chairman Olivier Steimer, is director of research at the SFI.Watch this space for developments.tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-10310687172733193262008-12-05T18:06:00.005+01:002008-12-05T21:27:49.174+01:00Wegelin Managing Partner Otto Bruderer highlights trust at Executive Program graduation ceremonyThe 70 graduates of the 2008 Executive Program assembled this afternoon to receive their diplomas, and to learn who had won this year's award for the best diploma thesis.Dr Bruderer gave an erudite presentation on the importance of trust in banking based on his personal experiences before launching into a sure-footed description of interdisciplinary research, conducted by leading economist Ernst tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-55318331805604599992008-11-28T18:27:00.021+01:002009-03-02T13:38:27.752+01:00Novel method to reveal true performance of US mutual fundsA highlight of this year's Annual Meeting was a presentation by Olivier Scaillet (pictured at the Meeting) on the application of false discovery rate (FDR) statistics to the estimation of mutual fund performance.Scaillet uses FDR to reveal when good fund performance can be attributed to chance alone, and is therefore likely to deteriorate in the long term. The Geneva-based faculty member of the tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-45006315854675822672008-11-19T15:46:00.013+01:002008-11-19T17:21:50.414+01:00Forward look from Institute guest Professor Tom CooleyWhat is the benefit of drawing upon academic research in the teaching of executive education? "Research is inherently forward looking and it is that inherent forward looking habit of mind that singles out a manager for success".Dean Tom Cooley made these comments during a roadshow for the NYU Stern/Institute's new Executive MBA in Banking and Financial Institutions Management (EMBA), held today tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-18785808354025793212008-11-17T19:08:00.003+01:002009-03-02T11:49:33.403+01:00Third Annual Meeting assembles CEO's and top finance professors to reflect on solutions to financial instabilityTomorrow is the annual highlight in the Institute's knowledge transfer calendar with a day-long meeting that will assemble our faculty, invited academics from around the world, and special guests UBS Group CEO Marcel Rohner and NYU Dean Tom Cooley.There's more information about the event here.I will be reporting on the research presentations at the event shortly, including Professor Michael tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-44158857475001586802008-11-12T17:29:00.005+01:002008-11-12T17:44:39.707+01:00New challenges for Swiss market makerAs part of our regular Alumni Lunch meetings held at the elegant Zunfthaus to Saffran, the Institute had the honour of hearing a presentation by SIX Group CEO Urs Ruegsegger (pictured).Dr Ruegsegger spoke about recent developments at SIX Group, the organization responsible for Switzerland’s financial market infrastructure. We will hold our Annual Meeting at the HQ of the SIX Group in Zurich next tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-23394848218629149322008-11-05T16:20:00.004+01:002008-11-12T17:46:37.351+01:00Reason and emotions in executive payInstitute Director Jean-Pierre Danthine is presenting his research on executive compensation at the University of Amsterdam this afternoon. The research, performed jointly with John Donaldson of Columbia Business School, examines the "pay for luck" puzzle that is so much in the news these days.Earlier, Swiss-based French-speaking press interviewed Professor Danthine about the work.tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-60621358502663288162008-10-31T17:40:00.007+01:002009-03-02T11:52:56.811+01:00Two sides of the coinTwo events this week saw a keen audience assemble to discuss and hear the latest facts and research from the world of finance. First came the Swiss Finance Industry Seminar by Swiss National Bank (SNB) Board Member Thomas Jordan. Professor Jordan addressed a capacity audience of more than 220 people on Tuesday morning (photo) to talk about the SNB Transaction.And yesterday FINRISK research tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-53869632064846530162008-10-21T13:05:00.006+02:002008-12-02T12:17:10.676+01:00Economics of uncertaintyThe Swiss Finance Institute found its way into several recent media discussions in the midst of this extraordinary time for the field of finance. Among others, Institute managing director Professor Jean-Pierre Danthine and Professor Martin Hoesli gave interviews and the Institute cropped up in several discussions about the Swiss financial centre.An expert of property finance, Martin Hoesli has tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-29490874666684918282008-10-07T17:52:00.010+02:002009-03-02T11:54:16.610+01:00Professor Michael Brennan presents wake up call on stock return biasEarly risers in Zurich were treated to an impressive research presentation by Professor Michael Brennan (left) this morning entitled "The Mispricing Return Premium".The substantial size of the positive bias in stock prices estimated by Brennan's empirical study of NYSE, AMEX and Nasdaq data was all the more startling for the audience given the time-slot of the event: 7am at Zuercher tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-81881656137981015172008-09-19T20:41:00.005+02:002008-09-19T21:03:33.769+02:00Financial market losses and research gainsInstitute Foundation Board member Dr Philipp Halbherr addressed this year's newly minted graduates of the Master in Advanced Studies in Finance today with a positive take on the credit crisis, - at least from a research perspective!Addressing the graduates, he explained that he did not wish to add to the sense of financial gloom, and wanted instead to encourage talented people to research tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-8941015192078569532008-09-18T11:14:00.004+02:002008-09-19T21:01:51.006+02:00Countries must not go it alone in terms of banking laws and regulationsI have just attended the Swiss Bankers Association annual press conference, where Association Chairman Pierre Mirabaud spoke about the importance of the strong connections between Swiss banks for weathering financial turmoil.Mirabaud was keen to emphasize the number of Swiss banks that are not directly affected by the liquidity problems that continue to grip the headlines. He saw a way forward tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-22073223812020550022008-09-04T19:04:00.008+02:002008-09-05T08:36:16.817+02:00Institute's rising activity with SternThe Institute went public about its joint program with NYU Stern School yesterday and the story was reported in FT.com here with a piece by FT Business Education Editor Della Bradshaw. Briefly, the new executive MBA in banking and financial institutions management will commence in August 2009 with residential modules taking place in New York, Zurich and Singapore.From FT.com"As researchers and tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-46681089573478618362008-08-27T18:10:00.006+02:002008-08-27T20:16:20.804+02:00Certificate FAME evening session with BCV Executive Board MemberThe challenges and opportunities for universal banks offering wealth management services was a key theme in an evening session of CFAME held last Thursday during the final week of the Certificate program.Participants heard a presentation by BCV Executive Board Member and head of wealth management Christopher Preston (photo, right), who demonstrated that success is not simply correlated with an tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-73572726326284835072008-08-21T10:39:00.012+02:002008-08-23T08:07:29.339+02:00Zurich credit crisis conference assembles researchers from Europe, US and AsiaLending behaviour, securitization and credit rating practices will be the focus of an upcoming conference organized by the BSI Gamma Foundation in Zurich. "The Credit Crisis: Causes, effects and lessons", September 2nd, is jointly organized with Finrisk and the SFI and will be hosted at the Swiss Exchange convention center.Researchers from the IMF, University of Chicago, Hong Kong University and tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-63890647103725423242008-08-15T18:27:00.008+02:002008-08-18T08:29:34.504+02:00Princeton Professor Shin kicks off Industry SeminarsLast Friday, the Institute staged the first of its new Swiss Finance Industry Seminars with a presentation by Princeton's Professor Hyun Song Shin, who described his research on understanding the credit crisis. Professor Shin's views on the credit crisis have been published recently in the Washington Post and he had just spent the week participating at a conference held at Study Centre tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-66814762527009485542008-08-07T19:49:00.006+02:002008-08-08T08:46:11.923+02:00Midway to CFAMEParticipants in the 2008 Certificate in Financial Asset Management and Engineering course (CFAME) have reached the mid point of the 5 week program this week with presentations on Market and Credit Risk Management.Institute Senior Chair Erwan Morellec and Assistant Professor Tony Berrada presented the tools needed to size up the risks facing financial institutions large and small. Earlier in the tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-62952242252629823232008-07-06T17:57:00.008+02:002008-12-09T03:11:54.036+01:00ETH Member of Institute gives lecture on parallels between financial crashes and disturbances in natureProfessor Didier Sornette (photo) presented insights into the workings of financial crises at a special presentation to ETH Alumni last Thursday evening.Sornette, who is a member of the Swiss Finance Institute faculty, holds the ETH Chair of Entrepreneurial Risk at the Department of Management, Technology and Economics.The Department is one of several ETH research departments involved in an tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-59362546041860271002008-06-30T15:18:00.008+02:002008-12-09T03:11:54.164+01:00Launch of the Senior Management Program in GenevaNext week marks the official start of the Institute's new executive education offering, the Senior Management Program in Banking. The first study block of the program starts on Monday and takes place in Geneva at the Hotel de la Paix.Patrick Odier, Managing Partner at Lombard Odier Darier Hentsch, will give the plenary lecture at a special opening event next Monday evening that is jointly hostedtobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-90665349216562034162008-06-09T18:36:00.000+02:002008-12-09T03:11:54.262+01:00Mathematician’s move to finance yields place at prestigious Duke UniversityMore news of our doctoral graduates achieving the critical first rung on the finance faculty ladder as Lukas Schmid joins the Fuqua School of Business, Duke University.With a background in pure mathematics from ETH Zurich, Lukas made the move to finance with a desire to apply quantitative methods to real-world problems. His research aims to integrate corporate finance and asset pricing tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-77024380651950500882008-06-03T20:26:00.011+02:002008-12-09T03:11:54.270+01:00Second opinions in finance at Gerzensee doctoral workshopBy day's end of the opening of the 2008 Gerzensee meeting, the busy meeting schedule saw 6 research presentations from faculty, 18 doctoral presentations, a meeting of the General Assembly and a plenary lecture by Felix Kubler on robust computational experiments in finance.The focus of the 2 day event is the doctoral workshop. Students are encouraged to present relatively early drafts of their tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-33442428005013750572008-06-01T20:25:00.003+02:002009-02-18T11:47:21.417+01:00Annual research meeting opens at GerzenseeDuring the next few days, students and faculty of the Swiss Finance Institute will assemble at Gerzensee Study Centre, near Bern, for an annual research workshop.The two-day meeting is largely devoted to research presentations, but also features a general assembly meeting of the Swiss Finance Institute, and of Finrisk, the Swiss National Science Foundation’s research project on Financial tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-53632899634829584212008-05-21T14:37:00.007+02:002008-12-09T03:11:54.598+01:00Certificate FAME welcomes enrollees to the 2008 programOrganizers of the Certificate in Financial Asset Management and Engineering (CFAME) program would like to welcome participants in the 2008 program.Program manager Laura Skerrett has been evaluating the applicants and is looking forward to the program getting underway on July 21st.Last year's CFAME coincided with the onset of the global credit crisis, and participants enjoyed an expert narration tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-28304006679903854002008-05-12T20:49:00.005+02:002008-12-09T03:11:54.759+01:00Automated trading and the doctoral work of former Zurich Stock Exchange CEOEarlier, I mentioned that former Zurich Stock Exchange CEO Dr Richard Meier (pictured) had given an excellent presentation at the 2008 Zurich SFI Doctoral Dinner about the development of automated trading. Dr Meier described his research as a finance doctoral student in the 1960s, a period when the finance industry began in earnest to harness computers in financial trading. As a doctoral student,tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-71297168508424354802008-05-09T19:37:00.006+02:002008-12-09T03:11:54.909+01:00Institute-affiliated ETH Professor says response to banking crisis must apply across entire industryETH Professor Didier Sornette, a member of the Swiss Finance Institute, is interviewed in a recent news report (AFP) about the credit crisis and warns that actions to address such issues as subprime banking losses would necessitate wide-spread involvement of the international banking community. "You can't blame Credit Suisse or UBS [only]... because they were playing the same game as the rest tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-77643952071300071082008-05-05T14:14:00.007+02:002008-12-09T03:11:55.060+01:002008 wealth and tax planning Retreat beginsTop finance experts from throughout Europe and beyond assembled this morning for the first day of the Swiss Finance Institute's International Wealth and Tax Planning Retreat in Lucerne, central Switzerland.Participants in the 5 day residential seminar came to deepen their knowledge of international taxation and exchange experiences about serving the wealth management needs of high net worth tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-91422193963916563482008-04-29T19:12:00.004+02:002008-12-09T03:11:55.335+01:00Professors predict changes in approach to risk managementFinance magazine Bilan interviewed Institute director Jean-Pierre Danthine (left) and visiting professor Darrell Duffie about the changes that we can expect to see in the management of financial risks.Danthine predicts a two way evolution in which Bankers become more familiar with quantitative aspects of risk management, and Quants become better-versed in the economics and the social context in tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-61617079671327306032008-04-22T18:00:00.006+02:002008-12-09T03:12:36.805+01:00Barclays Wealth, London, is the destination for recent Zurich doctoral graduatePreferring the conceptual diversity and lateral mindset of wealth management to a traditional role in asset management, recent graduate Dr Benoit Metayer has been appointed as an associate director at Barclays Wealth in London.Benoit (pictured), whose doctoral work was supervised by Professor Rajna Gibson in Zurich, is now working in a team of 13 Quants. 'In order to serve clients, the team tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-61433489139719850402008-04-21T08:00:00.000+02:002008-12-09T03:12:36.942+01:00Zurich Doctoral Dinner 2008Zurich members of the Swiss Finance Institute Doctoral Program met for their annual dinner last Tuesday, April 15th. NCCR-Finrisk managing director Eckart Jaeger was MC for the event, held at the Restaurant zum Grünen Glas in the centre of Zurich's Altstadt (old town).As you can see from the photo gallery of the event, there was lively discussion throughout the evening and a tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-10968819754796195192008-04-19T12:40:00.006+02:002008-12-09T03:12:37.116+01:00Letter by Professor Barone-Adesi in Financial TimesThe Financial Times has published a letter by SFI Professor Giovanni Barone-Adesi in the April 15th edition of the paper in which he comments that the ‘current debate on the adequacy of Basel II [should pay] more attention to incentives and education rather than to more regulation’.Barone-Adesi’s comments follow recent statements by Basel II chairman Nout Wellink that banks should adopt more ‘tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-40152114408644055602008-04-08T13:29:00.003+02:002008-12-09T03:12:37.295+01:00SFI managing director professor Danthine interviewed about UBSProfessor Jean-Pierre Danthine has given an interview with Philippe Gumy of Le Temps about news of further calls for external capital at the Swiss bank UBS.He emphasized UBS's capital sufficiency, quoting Swiss Federal Banking Commission spokesperson Alain Bichsel that "Internationally, UBS is very well capitalized and far above the average".Danthine highlighted the persistent mistrust between tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-12021196782798682842008-04-06T19:40:00.009+02:002008-12-09T03:12:37.496+01:00International researchers meet to discuss finer points in quantitative financeWith presentations by researchers from England, Austria, Germany and France, as well as the major finance research centres in Switzerland, the Doctoral Quantitative Finance Day is a boutique international event for card-carrying Quants.Doctoral students, finance faculty and financial practitioners arrived to fill a seminar room at the Swiss Banking Institute at 9:30 am on Saturday April 5th for tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-70822331765933479722008-04-02T16:48:00.007+02:002009-03-02T13:31:29.358+01:00Lessons from the banking crisis The Corriere del Ticino has published a commentary by Swiss Finance Institute Senior Chair in Finance Professor Giovanni Barone-Adesi, in which he describes the limitations of global banking regulation and how these limitations contribute to the ongoing turmoil in the world financial markets.Barone-Adesi argues that risk management strategies tend to monitor risk rather than actually managingtobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-51022897772829081362008-03-27T18:48:00.005+01:002008-12-09T03:12:38.047+01:00Connections with UC Berkeley and beyond for Graduate of Zurich Doctoral Program A discussion with a visiting researcher last summer ultimately led Florian Peters (pictured), who graduated from the Swiss Finance Institute doctoral program at the end of 2007, to follow up his doctoral research at the Department of Economics, University of California, Berkeley.Florian's doctoral work had initially focused on so-called agency problems that arise when a company takes tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-62569180266476875242008-03-26T13:38:00.014+01:002008-12-09T03:12:38.196+01:00Singapore MSc in Wealth Management collaboration set to develop furtherThe Institute just issued a brief press release about the visit, during the first half of this month, of more than 50 graduate students from the Singapore Wealth Management Masters course.During the visit I spoke with students and with two senior faculty from Singapore Management University.I will be publishing interviews with Professors Francis Koh (pictured) and Annie Wee in the next edition oftobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com2tag:blogger.com,1999:blog-411018660623915922.post-17312225716257625832008-03-19T08:22:00.008+01:002008-12-09T03:12:38.208+01:00Swiss Finance Institute Doctoral Prize Winner Chooses Freely Among Top North American SchoolsThe job market for academic positions in finance is focused on the annual American Finance Association meeting in January. Newly minted Finance PhDs use the conference, which was held this year in New Orleans, to meet face to face with potential employers. Sébastien Michenaud was pleasantly surprised to receive a positive response to roughly half his applications. Indeed, he received so many tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-4423929003623978602008-03-12T16:35:00.005+01:002008-12-09T03:12:38.350+01:00A night at the Rosengart museumI joined our visitors from the Singapore Masters in Wealth Management faculty for their private tour of the Rosengart Collection, Lucerne, on Friday March 7th.The collection of classic modernist artists includes 125 works by Paul Klee and more than 50 by Pablo Picasso, including a portrait of Rosengart Foundation Co-founder and President Angela Rosengart, painted by Picasso in 1964.Tomorrow tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-85758791785879327212008-03-06T16:17:00.007+01:002008-12-09T03:12:38.514+01:00Mutual exchange of interests in LucerneThe Swiss study block of the Singapore Masters in Wealth Management MSc is now well under way.SFI Director of Executive Education Harry Hurzeler began the study block with a presentation on business and marketing strategies in wealth management.Geoff Marsh of Dansam LTD is currently presenting on the client advisory process.The students bring great enthusiasm. In addition to course work, they tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-9031901020778877102008-03-04T17:53:00.005+01:002008-12-09T03:12:38.696+01:00Arrival of Singapore Wealth Management MSc participantsOn March 2nd, more than 50 participants of the Singapore MSc in Wealth Management program arrived in Switzerland for a two week study block jointly organised by Singapore Management University, Singapore-based Wealth Management Institute and the Swiss Finance Institute.Program Director Professor Francis Koh and Wealth Management Institute CEO Annie Wee have also made the journey to Lucerne, wheretobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-17225552545961184052008-03-03T14:46:00.007+01:002009-03-02T13:29:29.254+01:00Accumulated wealth continuesMcKinsey analysts Miklos Dietz, Robert Reibestein and Cornelius Walter recently published a forecast for the future fortunes of the banking industry, and predict further growth.Despite recent corrections in the financial services sector, the authors believe an ongoing accumulation in wealth will double banking revenues and profits by 2016.Banking outpaced the effusive energy sector in after tax tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-443606296476561612008-02-28T13:57:00.011+01:002008-12-09T03:12:39.007+01:00The Economist mentions SFI Energy and Emission Trading CourseEconomist.com refers to our new energy and emission trading course, part of the Geneva Executive Courses in Finance, in its monthly feature about News from the Schools."The emergence of markets for carbon-dioxide emissions, signalled by the European Union’s launch of an emissions-trading scheme in 2005, has resulted in a knock-on market for executive-education courses on the anticipated trade. ..tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-73235892290465379072008-02-28T13:45:00.003+01:002008-12-09T03:12:39.165+01:00Everybody needs good neighboursCorriere del Ticino have published a letter by SFI Professor Giovanni Barone-Adesi about recent frictions between Germany and Liechtenstein.Barone-Adesi comments that Germany's approach to obtaining bank account information from Liechtenstein will do nothing for neighbourly relations between the two countries. tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-56088419838482528852008-02-24T14:28:00.002+01:002008-12-09T03:12:39.356+01:00Swiss banking in the balanceWeltwoche Economics Editor Claude Baumann discusses Switzerland's banking reputation in the wake of the UBS writedowns in a recent opinion piece.Baumann is a frequent international commentator on Swiss banking. "Switzerland's banking tradition is about preserving and protecting wealth; it's not about doing deals," explained Baumann last year in the International Herald Tribune.A pillar in tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-21743234887653514652008-02-13T14:16:00.004+01:002008-12-09T03:12:39.506+01:00Financial Times on Swiss private banking prospectsPublished: February 13 2008Despite stormy headlines about US sub prime losses, the outlook for most of Switzerland's banks is bright; and even sunny for private banking.So says Financial Times Haig Simonian in a piece published today in which he interviews Credit Suisse analyst Thomas Kalbermatten and Swiss Finance Institute Professor Giovanni Barone-Adesi (photo).Net new money in private bankingtobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-63387236095516839162008-02-12T18:16:00.001+01:002009-03-02T13:27:20.741+01:00Eric Sarasin interview about private bankingExecutive Committee member of the Switzerland-Germany Chamber of Commerce, Eric Sarasin, discusses private banking in Switzerland in a recent interview published in the CH-D Chamber of Commerce journal.Sarasin was special guest at the 20th Anniversary celebrations of the Swiss Finance Institute Executive Program on December 7th 2007 (photo). A graduate of the Executive Program, Sarasin is active tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-55575320509983432692008-02-11T16:45:00.001+01:002008-12-09T03:12:40.027+01:00Science to the rescue!Radio Suisse Romande interview Jean-Pierre Danthine about the world's still panic-seized financial markets.Must our financial markets be made simpler, or could sophisticated tools be developed to better manage the financial risks we face?Quantitative finance, a discipline at the cross-roads between economics, mathematics and computer science, offers a powerful approach to understand financial tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1tag:blogger.com,1999:blog-411018660623915922.post-67589520786835513732008-02-06T12:18:00.000+01:002008-12-09T03:12:40.172+01:00Deutsche Welle radio interview Darrell Duffie about UBS write-downsDeutsche Welle radio will broadcast an interview of Visiting Professor Darrell Duffie (Stanford) today about the further write-downs at UBS.Listen to interview (Deutsche Welle site)Listen (Permalink)tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-71513441698628792812008-02-04T11:00:00.000+01:002008-02-04T11:56:20.505+01:00SocGen employee causes market crash?L'Hebdo interview SFI managing director Jean-Pierre Danthine is interviewed about whether financial products have become impossible to master.With universities increasing their educational offerings in quantitative finance, Danthine believes there is hope that crises such as that seen at Societe Generale can be avoided in future.tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-5724370347971672512008-01-31T10:47:00.000+01:002008-12-09T03:12:40.313+01:00IETA CEO inaugurates course on energy and emissions tradingAndrei Marcu, CEO of the International Emissions Trading Association, was special guest at the launch of the Institute's new course on energy and emissions trading (Tuesday January 29th).Marcu spoke about using markets to deal with environmental scarcity. Markets offer flexibility, encourage innovation and create the possibility to monetize the transition to a low emissions economy.According to tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-77851001712069494702008-01-27T11:49:00.000+01:002008-01-27T14:17:48.497+01:00Emissions trading updateThis week, the CEO of IETA, Andrei Marcu, will talk about emissions trading and sustainable development at our new offices in Geneva.The IETA issued a press release yesterday calling for better recognition of environmental standards in the voluntary carbon market place.I will be speaking with Mr Marcu about his experiences at the World Economic Forum last week, including the session on The tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-35541069309989712212008-01-25T14:44:00.000+01:002008-01-25T14:59:41.534+01:00Interview with Jean-Pierre Danthine in L'AGEFIL'AGEFI 2008 01 15 Interview with Jean-Piere Danthine by Sylvain Frochaux discussing the "paying for luck puzzle" in corporate finance.Professor Danthine anticipates an increase in shareholder activism.Danthine points out that the five largest investment banks on Wall Street will distribute a record $39 billion in bonuses in 2007, despite the fact that three have published the worst fourth tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-28254252161260967782008-01-23T09:01:00.000+01:002008-01-24T09:40:45.246+01:00Links: Founding vision of Davos, Gold Standard carbon offsets and moreFT Interview: Klaus SchwabHaig Simonian describes Geneva business professor Klaus Schwab's founding vision for the Davos meeting 37 years ago as a interdisciplinary platform for executives to mingle with others.Britain and US up in arms against EU carbon tax"Could require exporters to buy EU pollution permits if they wish to trade within the bloc"Credit Suisse, AIL and South Pole to launch carbontobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-90585658064714429882008-01-21T15:10:00.000+01:002008-01-21T16:07:37.896+01:00Links 2008 01 21 Promotion of SFI Alumni Peter Senn, Climate change for business, Katinka Gyomlay on sustainable investmentsHandelszeitung Online 17-01-2008 Alumni Peter SennHandelszeitung Online 17-01-2008 Alumni Peter Senn promoted to Management team at Bank Julius BärClimatechangecorp: Bali special report – was it good for business?IETA is mentioned in conjunction with the UN climate conference in Bali, Indonesia. The blog mentions that the IETA was represented at the conference and that the message from Industry tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-2923122314641956322008-01-18T14:17:00.001+01:002008-01-21T16:08:31.148+01:00Links 2008 01 18 Economist on sovereign wealth, Affordable Ivy league education and Haig Simonian on future of traditional offshore private bankingThe Economist: Asset-backed insecurityEditorial on sovereign wealth fund investments on Wall Street highlighting innate fears of financial protectionism and the potential political backlash this could bring in Washington.The Economist: Affording IvyIvy league universities in the US have financial-assistance policies for students, with Yale, for example, expanding its financial-assistance budget tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-35956321622642249012008-01-17T09:22:00.002+01:002008-12-09T03:12:40.605+01:00New SFI Newsletter released!The 2008 January edition of the Swiss Finance Institute Newsletter is here!My news story covers the 2007 research prize winner, the December 4th Annual meeting, new courses, and news about the launch of the Executive Courses in Finance Emissions Trading course.tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-80248159423230590802008-01-16T13:23:00.000+01:002008-01-21T16:08:42.190+01:00Links 2008 01 16 McKinsey on planning, fine tasting cheap wine, Prediction markets woesBeing strategic about strategic planning - McKinsey on Finance PodcastsHow to improve strategic planning (Renée Dye and Olivier Sibony) - JanuaryResults from a survey of 800 managers reveals "frustration" with their efforts in strategic planning. Dye and Sibony emphasize the importance of covering the issues and asking open questions before setting forth to gather data and forecast. The Podcast tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-87420836011914685132008-01-11T17:30:00.000+01:002008-12-09T03:12:40.784+01:00Who's afraid of Sovereign Wealth?Swiss biz news journal Bilanz interviews Government of Singapore Investment (GSI) Director Ng Kok Song about sovereign wealth investments in UBS.A second piece appears in the same edition of Bilanz entitled "Swiss Banking Under Palms". Mr Ng is an Advisory Board Member of Singapore Management University and the article describes the association between the Swiss Finance Institute and the SMU's tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-2486032862154645332008-01-09T09:19:00.000+01:002008-01-09T09:27:10.633+01:00Le Temps reports on Swiss Finance Institute research awardJean-Pascal Baechler (Le Temps) reports on the winners of the SFI 2007 Outstanding Paper Award.McGill University researchers Susan Christoffersen and Sergei Sarkissian received the award for their publication showing that big city mutual fund managers outperform their peers in smaller financial centers. Sergei Sarkissian gave a full presented on the paper at a special event at the Société de tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-40290133481773107312008-01-08T08:18:00.000+01:002008-01-08T08:48:11.079+01:00Links 2008 01 08UBS investor upsets shareholdersBrief interview with Haig Simonian (Financial Times) about the reactions of shareholders to UBS' financial arrangements with a Saudi investor."Involuntary asset growth" and the beginnings of the "true" credit crunch in 2008Sam Jones posting on FT.com about the addition of €450bn in illiquid assets to the balance sheets of European Banks.tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-23391279822773649642008-01-07T15:32:00.000+01:002008-01-07T17:30:40.801+01:00SFI PhD graduate: Jijun NiuJijun Niu, a recent graduate of SFI and the University of Lausanne, started his new career as an Assistant Professor of Finance at Simon Fraser University in September. Jijun Niu worked as an engineer in China before resuming studies for an MBA. This sparked an interest in research and teaching, ultimately leading him to a SFI Ph.D. in finance from the University of Lausanne, Switzerland. During tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com0tag:blogger.com,1999:blog-411018660623915922.post-38351166507571915892008-01-04T07:50:00.000+01:002008-01-05T18:53:50.026+01:00Welcome to the Swiss Finance Institute views blogHave you got something to say about finance research and the Swiss Finance Institute?Use this site to submit your views and to find out what the Institute is doing in the world of finance.For a summary of our current activities, visit our press portal using this URL:http://www.sfi.ch/press_portalAbout the InstituteThe Swiss Finance Institute is a private foundation created in 2006 by tobe freemanhttp://www.blogger.com/profile/09282333304451466318noreply@blogger.com1