Title: Financial Industry Development during the last twenty-five years and Global Financial Crisis after a decade

Abstract:

Maurizio Pompella is a Full Professor of Financial Intermediaries Economics at the University of Siena, School of Economics and Management (SEM), Italy. He is currently Dean of the MSc in Economics and Management of Financial Intermediaries. In November 2014 he was certified as Stand-by Professor at the LUISS - Guido Carli University in Rome as well, and since 2015-16 he has been a Visiting Professor and PhD Supervisor at LSU-NN (Lobachevsky State University of Nizhny Novgorod), and Visiting Professor at SibFU (Siberian Federal University, Krasnojarsk), Russian Federation. He is in charge of a course at the Charles University in Prague, Czech Republic, since 2012, and is serving as an Adjunct Professor at OMSU (Ogarev Mordovia State University of Saransk, RF). His areas of expertise/interest include Financial Intermediaries Economics, Insurance Economics, Structured Finance and Innovation, Financial Stability, Alternative Risk Transfer, Fintech and Blockchain, Banking and Monetary Economics, Finance, and Project Finance. He has been serving as a book reviewer for the Journal of Risk and Insurance, published by ARIA – American Risk and Insurance Association, contributes to the ARIA Newsletter, and he is Editor of the Palgrave Studies in Risk and Insurance. He is also on the Editorial Board of Review of Business (St. John’s University New York, US), the Vestnik of LSU (Nizhniy Novgorod, Russian Federation), EKONOMIKA (Vilnius University, LT), and Business, Management and Education (Gediminas Technical University Vilnius, LT).

Lecturer: Maurizio Pompella

Date/Time: 14:30 – 15:30PM, 28 Nov, 2019

Location: Room 702, CEM Building, Jiangjun Rd. Campus

Brief introduction of the lecturer:

Over the last twenty five years most advanced economies experienced great changes, and some of heaviest financial crises of the history. In order to face these recurrent turbulences, a huge series of financial reforms took place in the financial sphere, and an intensive search for common supervisory standards was started, both in banking and insurance sector. At the same time, the so called “securitization process” became established, as a system to shift risks off-balance, and transfer them to the market. The process, which at the beginning involved the banking sector and the credit risk, for the most, expanded enormously, and got involved many other sectors. That is the period of the cross-sector, or “diagonal” risk transfer between banks, insurers, and - in general - between financial intermediaries having different functions indeed. The focus of the speech is concerned with the relationship between the above mentioned developments and Global Financial Crisis.