Date added: Aug 18, 2014
Structured Debt Ratings: Evidence on Conflicts of Interest
Structured Debt Ratings: Evidence on Conflicts of Interest by Matthias Efing and Harald Hau.
forthcoming in the Journal of Financial Economics.
Abstract: We test if issuers of asset- and mortgage-backed securities receive rating favors from agencies with which they maintain strong business relationships. Controlling for issuer fixed effects and a large set of credit risk determinants, we show that agencies publish better ratings for those issuers that provide them with more bilateral securitization business. Such rating favors are larger for very complex structured debt deals and for deals issued during the credit boom period. Our analysis is based on a new deal-level rating statistic that accounts for the full distribution of tranche ratings below the AAA cut-off point of a structured debt deal.
Date added: Jul 15, 2014
Will Central Banks avoid the next financial crisis?
Dr. Michel Girardin's video presentation at the CFA Society Switzerland
Date added: Jul 10, 2014
AGEFI Live TV
Interview with Michel Girardin on economic growth & performance
Date added: Jul 4, 2014
Perspectives et problématiques de la gestion d'actifs L’Industry Forum du Swiss Finance Institute se tiendra le 29 août prochain
Le vendredi 29 août 2014 aura lieu à Lugano un atelier consacré aux perspectives et problématiques de la gestion d'actifs organisé par le Swiss Finance Institute en collaboration avec l’USI (Université de la Suisse italienne) dans le cadre du congrès annuel 2014 de l’European Finance Association. Quatre «interventions fortes» de la part de quatre personnalités du milieu sont prévues: le Dr Burkhard Varnholt (Head Investment Solutions Group & Chief Investment Officer Julius Baer) traitera du thème «The Rise of a New World Order», le professeur Tim Jenkinson (Saïd Business School, Oxford University) répondra à la question «Do Investment Consultants Add Value?», le professeur Narayan Naik (London Business School) abordera les «Hit-rates and Win-loss Ratios of Long-only Active Managers» tandis que le Dr Frank Hatheway (Senior Vice President andChief Economist, NASDAQ OMX Group) s'intéressera au «Blurring of the Lines: Convergence betweenPrivate and Public Equity». L'après-midi se tiendra une table ronde intitulée «The Risk-adjusted Price of Delegation in Asset Management» à laquelle participeront le Dr Andreas Schlatter (Head of Global Asset Management Switzerland, UBS), Anne Richards (Chief Investment Officer, Aberdeen) et le Dr Francesco Sandrini (Pioneer Investments). Le professeur Robert J. Shiller, prix Nobel d'économie, professeur de finance à Yale, considéré comme l'un des plus éminents observateurs indépendants du paysage financier de ces dernières années, sera l'intervenant phare de l'atelier.
Inscriptions à l'adresse: http://www.efa2014.org/sfi-industry-forum
Date added: Jun 20, 2014
Prof. Gibson Brandon
Date added: May 5, 2014
Best Paper Award - Prof. Tony Berrada
Prof. Tony Berrada's paper "Asset Pricing with Regime-Dependent Preferences and Learning", coauthored with J. Detemple and M. Rindisbacher, has won the Best Paper Award in the 2014 Mathematical Finance Days competition at the" Institut de Finance Mathématique de Montréal" (IFM2).
Date added: Apr 7, 2014
Geneva Lectures on Sustainable Finance
The Geneva Finance Research Institute (GFRI) and the Institute of Environmental Sciences (ISE) of the University of Geneva are organizing a lecture series on sustainable finance, which is aimed at Masters students. The lecture series addresses key concepts, challenges and structures relating to sustainable finance. You can find more information at http://www.unige.ch/environnement/home/actualites2014/sustainablefinance.html
Date added: Feb 19, 2014
Call for paper Geneva Summit Sustainable Finance
Date added: Jan 23, 2014
Prof. Harald Hau & Mr. Matthias Efing
received the prize for the Best Paper on financial markets at the Paris December 2013 Finance Meeting of the EUROFIDAI (Institut Européen des données financières).
Date added: Oct 21, 2013
Prof. Olivier Scaillet has been elected Associate Editor at the Annals of Computational and Financial Econometrics
Date added: Sep 9, 2013
Prof. Olivier Scaillet
has received the Management Science Distinguished Service Award for 2013 for outstanding service to the journal "Management Science".
Date added: Jul 30, 2013
GFRI launches a new Master Program in Finance
Date added: Jul 5, 2013
Prof. Olivier Scaillet has been elected Fellow of SoFiE
Date added: Jun 27, 2013
Prof. Rajna Gibson Brandon's interview
Date added: Jun 18, 2013
Corrupted credit ratings: Standard & Poor’s lawsuit and the evidence with Matthias Efing & Harald Hau
Date added: May 16, 2013
Radio Interview with Prof. Olivier Scaillet
Radio Interview (in French) with Prof. Olivier Scaillet on "High Frequency Trading" on RTS.
Click here to listen
Date added: May 13, 2013
Doctoral Award for Mr. Matthias Efing
Mr. Matthias Efing received the Swiss Finance Institute Best Paper Doctoral Award for his paper "Bank Capital Regulation with an Opportunistic Rating Agency".
Date added: Mar 8, 2013
Distinguished CESifo Affiliate Award
Mr. Matthias Effing was awarded with the "Distinguished CESifo
Affiliate Award" for his paper "Bank Capital Regulation with
an Opportunistic Rating Agency" at the area conference "Macro,
Money and International Finance" at the CESifo institute in
Munich on February, 22 2013.
Date added: Mar 8, 2013
Research Challenge 2013
Mr. Joao Pedro De Oliveira, Mr. Lorena Garzoni,
Mr. Stéphane Murset & Mr. Yu Shi from
the University of Geneva have received
the "Best Presentation Award" from Swiss
Universities at the CFA Institute Research
Date added: Jan 18, 2013
Radio Interview with Mr. Adrien Treccani
Mr. Adrien Treccani radio interview on Bitcoins.
Click here to listen