Journal Detail

Journal 22 – Cass-Capco Institute Paper Series on Risk

March 2008

The inadequacy of different risk valuation models prompted us to establish the Cass-Capco Institute Paper Series on Risk, in partnership with Cass Business School, Europe’s leading academy of risk and the world’s second-ranked risk faculty. The objectives of this paper series is to ensure that the best thinking of the world’s leading scholars is gathered in one location, accessible to those who need it most. We are confident that this paper series will provide a very pertinent bridge between scholars and financial executives.

This issue of our Journal is closely linked to the inaugural annual Cass-Capco Institute Risk Conference to be held in London on April 8. Established by Cass Business School and the Capco Institute, the event will assemble a select delegation from academia and industry to discuss a number of topics falling within the theme of risk. The conference will also feature presentations of the papers included in this edition of the Journal.

This is the first time the Capco Institute has formed such a close partnership with another organization. I would therefore like to take this opportunity to thank all the people involved in making the London conference and this special Journal a success.

It is no coincidence that we have focused on a select number of themes, within the risk discipline, for the first joint conference. Some of the world’s leading financial institutions are facing great problems as a consequence of the U.S. subprime market crisis; a crisis that has not only deeply undermined available financial resources, but also the highly regarded — and guarded — reputations of financial institutions.

It should also not have been a surprise that the effects of the subprime crisis swiftly crossed borders last year, impacting financial institutions all over the world. Recent economic barometers have indicated that consumer confidence has deteriorated significantly during the past few months, expanding the scope of the crisis worldwide. For this reason, the Journal takes an international outlook, providing both local and global views on how to limit risks.

For those of you who will not have the opportunity to join us at our inaugural conference in London, this Journal will provide you with in-depth knowledge and stimulating ideas to help you diminish risks for your organization.

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