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LANCS Initiative Seminar : Modelling Risk in the Financial System using Operations Research
Wednesday 9 November 2011, 16:00
LT7, Management School
Dr. Alan King
IBM Watson Research Center
Yorktown Heights, New York
Abstract: In the current economic and financial climate, banks and regulators are searching for approaches to understand and respond to a multitude of sources of risk, from solvency risk in money markets, to macro-economic risk in the US and Chinese real-estate sectors. In this talk we will discuss ways in which information technology, particularly Operations Research in its new guise, Analytics, can provide a foundation for understanding the dimensions of systemic risk.
Bio: Alan King is a research staff member with the Mathematical Sciences department at IBM’s Thomas J Watson Research Center, which he joined in 1988. His research and development activity focuses on optimization technologies for decision-making under uncertainty. He has published many papers in scientific journals and has held appointments on the editorial boards of Mathematics of Operations Research and SIAM Journal of Optimization. Currently, Alan is the technical lead for IBM Research’s project on Systemic Risk. This project combines information management, systems engineering, and analytical methodologies to address challenges in measuring and monitoring risk in the financial system.
All members of staff and doctoral students are welcome to attend this seminar.