Seminar: Globale finansers destruktive kraft – skyggebanker og finanskrisen

TIME: Wednesday, 12 December, 09.00 – 11.15

VENUE: Eigtveds Pakhus, Sal II, Asiatisk Plads 2 G, Christianshavn, 1448 Copenhagen K.

TIME: Wednesday, 12 December, 09.00 – 11.15

VENUE: Eigtveds Pakhus, Sal II, Asiatisk Plads 2 G, Christianshavn, 1448 Copenhagen K.

The global financial crisis of 2007-09 has revealed the scale of the phenomenon of ‘shadow banking’. The term describes a highly complex network of agents, conduits and operations that connect economic agents to capital markets outside the boundaries of the official, regulated banking system.

Current estimates by the Financial Stability Board (FSB) suggest that, shadow banking activities account for about $60 trillion on a global scale. At the same time, the phenomenon is so complex that most current figures are likely to be severe underestimations.

Is shadow banking a paranormal outgrowth of private financial innovation, or does it serve an important economic function in today’s capitalism? What is the relationship between shadow banking and financial stability? Can shadow banking be regulated?

This special panel invites you to discuss the current approaches to understanding the phenomenon of shadow banking, the controversies of financial innovation revealed by the global financial crisis, and the challenges that shadow banking industry poses to national and global regulators.

Speakers:
– Anastasia Nesvetailova, Reader, City University London, and Visiting Senior Researcher, DIIS
– Daniella Gabor, Senior Researcher, University of the West of England
– Photis Lysandrou, Professor, London Metropolitan University
– Jakob Vestergaard, Senior Researcher, DIIS

Programme:

09.00-09.10: Introduction; Jakob Vestergaard, Senior Researcher, DIIS

09.10-09.50: The Destructive Creation of Global Finance: Understanding Shadow Banking in Light of the Crisis; Anastasia Nesvetailova, Reader, City University London, and Visiting Senior Researcher, DIIS

09.50-10.05: Coffee Break

10.05-10.35: Discussants; Daniela Gabor, Senior Researcher, University of the West of England; Photis Lysandrou, Professor, London Metropolitan University

10.35-11.15: Comments and Questions

Chair: Jakob Vestergaard, Senior Researcher, DIIS

The seminar will be held in English.

Participation is free of charge, but registration is required. Read more about the seminar and use the online registration form on the website no later than Tuesday, 11 December at 12 noon.

Please await confirmation by e-mail from DIIS for participation.