Seminar on Sustainability:
Challenges and Possible Solutions
Speaker: Marco d'Errico, UZH
Time: 6 - 7 pm
Location: KOL-G-212, Rämistrasse 71, 8006 Zürich
Titel of the presentation: Financial S(us)ta(ina)bility via systemic risk management
The objective of this seminar is to provide a platform of exchanges between citizens, in particular academics, students, representatives of NGOs and industries on issues such as global warming, financial imbalances and systemic risks.
Abstract: Systemic global financial crises not only impose direct costs for the economy and taxpayers but also can bring long term consequences for society at large. In order to avoid another large scale global crisis, a key challenge for sustainable finance is not only to direct funds towards sustainable projects, but also to investigate how, as a society, we can implement policies to limit, and possibly eliminate, future costs to "sustain" the financial sector. In other words, achieving financial stability is central for financial sustainability. In this talk we illustrate these concepts by exploring a series of recent research findings, which show how the costs deriving from systemic risks can be actively managed and reduced, thereby benefiting all stakeholders, including the financial industry itself. We will highlight the crucial role of data, the importance of encouraging a cultural shift, alongside the development of educational programmes for future risk managers.