Conférence publique organisée en partenariat avec le Centre de Recherches Mathématiques
The regulatory landscape is undergoing considerable changes worldwide. The 2007–2009 Financial Crisis brought into question several aspects of regulation for banking, the so-called Basel and Solvency guidelines. At the same time, demographic and economic developments (e.g., longevity, low interest rates) are causing major problems for the insurance industry, and this mainly, but not exclusively, for life insurance. Added to these we do witness important changes to society at large, also driven by information technology. Besides the obvious social and political changes experienced worldwide, we should add more technologically driven ones like network vulnerability and systemic risk, new products, large data (data science, machine learning), block-chain technology, and cyber security. These developments will no doubt have a considerable impact on the financial and insurance industry both at the business as well as at the regulatory level.
In this talk, Paul Embrechts (ETH Zürich) discussed some of the underlying issues from a more personal perspective as a researcher in Quantitative Risk Management.
Événements à venir
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