CINXE.COM

<!doctype html><html itemscope itemtype="http://schema.org/" lang="en" dir="ltr"><head><meta data-react-helmet="true" name="description" content="Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests."/><meta data-react-helmet="true" name="author" content="King's College London"/><meta data-react-helmet="true" name="id" content="5c2b333c-7411-4cec-80ad-c2666c9e88f3"/><meta data-react-helmet="true" property="og:site_name" content="King's College London"/><meta data-react-helmet="true" property="og:title" content="New research sets out three overlooked opportunities to fund net zero transition"/><meta data-react-helmet="true" property="og:description" content="Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests."/><meta data-react-helmet="true" property="og:url" content="https://www.kcl.ac.uk/news/new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition"/><meta data-react-helmet="true" property="og:image" content="https://www.kcl.ac.uk/ImportedImages/Schools/Business/news-images/canary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29"/><meta data-react-helmet="true" property="og:image:alt" content="the view from Greenwich Park to Canary Wharf"/><meta data-react-helmet="true" property="og:type" content="article"/><meta data-react-helmet="true" name="twitter:card" content="summary_large_image"/><meta data-react-helmet="true" name="twitter:domain" content="https://www.kcl.ac.uk/news/new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition"/><meta data-react-helmet="true" name="twitter:site" content="@kingscollegelon"/><meta data-react-helmet="true" name="twitter:creator" content="@kingscollegelon"/><meta data-react-helmet="true" name="twitter:title" content="New research sets out three overlooked opportunities to fund net zero transition"/><meta data-react-helmet="true" name="twitter:description" content="Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests."/><meta data-react-helmet="true" name="twitter:url" content="https://www.kcl.ac.uk/news/new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition"/><meta data-react-helmet="true" name="twitter:image" content="https://www.kcl.ac.uk/ImportedImages/Schools/Business/news-images/canary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29"/><meta data-react-helmet="true" name="twitter:image:alt" content="the view from Greenwich Park to Canary Wharf"/><meta data-react-helmet="true" name="Last-Modified" content="2024-09-24T10:16:01.0887538Z"/><meta data-react-helmet="true" name="OrgUnit" content="King’s Business School, Qatar Centre for Global Banking & Finance, Faculty of Natural, Mathematical & Engineering Sciences, Net Zero Centre"/><link data-react-helmet="true" rel="canonical" href="https://www.kcl.ac.uk/news/new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition"/><script data-react-helmet="true" async="true" src="https://www.googletagmanager.com/gtag/js?id=UA-228896-1"></script><script data-react-helmet="true" > window.dataLayer = window.dataLayer || []; window.dataLayer.push({"event":"pageDeclaration"}); function gtag() { dataLayer.push(arguments); } gtag('js', new Date()); gtag('config', 'UA-228896-1');</script><script data-react-helmet="true" type="application/ld+json">{"@context":"https://schema.org","url":"https://www.kcl.ac.uk/news/new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition","@type":"NewsArticle","headline":"New research sets out three overlooked opportunities to fund net zero transition","thumbnailUrl":"https://www.kcl.ac.uk/ImportedImages/Schools/Business/news-images/canary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29","abstract":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","dateCreated":"2024-09-19T17:02:41.703979Z","datePublished":"2024-09-24T10:00:00","dateModified":"2024-09-24T10:16:01.0887538Z","version":"1.0","publisher":{"@type":"Organization","name":"King's College London","logo":"https://www.kcl.ac.uk/SiteElements/2017/images/news-image-kings-logo-780x440.jpg"},"accountablePerson":{"@type":"Person","name":"Corporate Communications","email":"comms@kcl.ac.uk","url":"https://www.kcl.ac.uk/news/contactus","telephone":"+44 (0) 20 7848 3202","address":{"@type":"PostalAddress","addressLocality":"London","addressRegion":"London","postalCode":"SE1 0NZ","streetAddress":"5-11 Lavington Street"}}}</script><script>!function(e,t,a,n){e[n]=e[n]||[],e[n].push({"gtm.start":(new Date).getTime(),event:"gtm.js"});var g=t.getElementsByTagName(a)[0],m=t.createElement(a);m.async=!0,m.src="https://www.googletagmanager.com/gtm.js?id=GTM-W5RSV5",g.parentNode.insertBefore(m,g)}(window,document,"script","dataLayer")</script><script type="text/javascript" src="https://cdn.cookielaw.org/consent/167b1744-c18f-47c4-bd0c-e8420eacd9e1/OtAutoBlock.js"></script><script src="https://cdn.cookielaw.org/scripttemplates/otSDKStub.js" type="text/javascript" charset="UTF-8" data-domain-script="167b1744-c18f-47c4-bd0c-e8420eacd9e1"></script><script type="text/javascript">function OptanonWrapper(){}</script><script>!function(e,t,a,n){e[n]=e[n]||[],e[n].push({"gtm.start":(new Date).getTime(),event:"gtm.js"});var g=t.getElementsByTagName(a)[0],m=t.createElement(a);m.async=!0,m.src="https://www.googletagmanager.com/gtm.js?id=GTM-W5RSV5",g.parentNode.insertBefore(m,g)}(window,document,"script","dataLayer")</script><meta charset="utf-8"/><meta name="viewport" content="width=device-width,initial-scale=1,shrink-to-fit=no"/><meta http-equiv="X-UA-Compatible" content="ie=edge"><link rel="manifest" href="/static/manifest.webmanifest"/><title data-react-helmet="true">New research sets out three overlooked opportunities to fund net zero transition | King's College London</title> <style data-styled="true" data-styled-version="5.3.6">@font-face{font-family:'KingsBureauGrotThreeSeven';src:url('/SiteElements/2017/fonts/KingsBureauGrotesqueThreeSeven-woff.woff') format("woff");font-weight:400;font-style:normal;}/*!sc*/ @font-face{font-family:'KingsBureauGrotFiveOne';src:url('/SiteElements/2017/fonts/KingsBureauGrotesqueFiveOne-woff.woff') format("woff");font-weight:400;font-style:normal;}/*!sc*/ @font-face{font-family:'KingsCaslon';src:url('/SiteElements/2017/fonts/KingsCaslon-woff.woff') format("woff");font-weight:400;font-style:normal;}/*!sc*/ @font-face{font-family:'KingsCaslon';src:url('/SiteElements/2017/fonts/KingsCaslonSemiBold-woff.woff') format("woff");font-weight:600;font-style:normal;}/*!sc*/ @font-face{font-family:'KingsCaslon';src:url('/SiteElements/2017/fonts/KingsCaslonItalic-woff.woff') format("woff");font-weight:400;font-style:italic;}/*!sc*/ @font-face{font-family:'kcl-icons';src:url('/SiteElements/2017/fonts/kcl-icons-woff.woff') format("woff");font-weight:400;font-style:normal;}/*!sc*/ *,*::before,*::after{box-sizing:border-box;}/*!sc*/ body{padding:0;margin:0;font-family:KingsBureauGrotFiveOne,sans-serif;font-size:16px;font-weight:400;color:#464e52;-webkit-font-smoothing:antialiased;-moz-osx-font-smoothing:grayscale;}/*!sc*/ h1,h2,h3,h4,h5,h6{font-weight:400;}/*!sc*/ p{margin-top:0;margin-bottom:1.5rem;}/*!sc*/ ol,ul{margin-top:0;margin-bottom:0;padding-left:0;list-style:none;}/*!sc*/ strong,b{font-family:KingsBureauGrotThreeSeven,sans-serif;font-weight:normal;}/*!sc*/ .sr-only{position:absolute;width:1px;height:1px;padding:0;overflow:hidden;-webkit-clip:rect(0,0,0,0);clip:rect(0,0,0,0);white-space:nowrap;-webkit-clip-path:inset(50%);clip-path:inset(50%);border:0;}/*!sc*/ data-styled.g2[id="sc-global-dWdjLZ1"]{content:"sc-global-dWdjLZ1,"}/*!sc*/ .EzpYq{display:block;position:fixed;left:-1000rem;width:0;height:0;overflow:hidden;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .EzpYq:focus{top:0;left:0;width:auto;height:auto;padding:1rem;background-color:#0a2d50;color:#ffffff;overflow:visible;z-index:1002;}/*!sc*/ data-styled.g5[id="SkipNavstyled__SkipNavStyled-sc-mgg415-0"]{content:"EzpYq,"}/*!sc*/ .guzTdE{min-height:4rem;background-color:#5a6369;position:relative;margin-bottom:2rem;}/*!sc*/ @media screen and (max-width:1024px){.guzTdE{min-height:unset;}}/*!sc*/ data-styled.g6[id="HeaderStyled-sc-1947hrm-0"]{content:"guzTdE,"}/*!sc*/ .hCMAWC{position:relative;width:100%;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;max-width:1248px;padding-top:0;padding-right:8px;padding-bottom:0;padding-left:8px;margin:0 auto;}/*!sc*/ @media screen and (min-width:768px){.hCMAWC{padding-left:12px;padding-right:12px;}}/*!sc*/ data-styled.g7[id="Containerstyled__ContainerStyled-sc-1vp98b6-0"]{content:"hCMAWC,"}/*!sc*/ .fSgmX{width:100%;}/*!sc*/ .fSgmX .SubNavDesktopstyled__SubNavStyled-sc-rv2630-0::after{display:none;}/*!sc*/ .fSgmX .SubNavDesktopstyled__SubNavStyled-sc-rv2630-0::after{content:'';display:block;height:0.75rem;left:0;position:relative;top:0;width:100%;z-index:1;background:#5a6469;}/*!sc*/ .fSgmX .section-heading{color:#000000;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ data-styled.g9[id="Navigationstyled__NavigationStyled-sc-15mhzms-0"]{content:"fSgmX,"}/*!sc*/ .hvOvDU > img{max-height:100%;max-width:100%;}/*!sc*/ data-styled.g10[id="Logostyled__LogoStyled-sc-ihdj0q-0"]{content:"hvOvDU,"}/*!sc*/ .eWXLqO{position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;}/*!sc*/ .eWXLqO > input{display:block;width:100%;height:3rem;padding:0 0.75rem;line-height:3rem;font-family:KingsBureauGrotThreeSeven,sans-serif;font-size:1.5rem;color:#ffffff;background-color:#3e4649;border:1px solid #cdd7dc;border-radius:5px;}/*!sc*/ .eWXLqO > input::-webkit-input-placeholder{font-family:KingsBureauGrotThreeSeven,sans-serif;color:#ffffff;opacity:0.8;}/*!sc*/ .eWXLqO > input::-moz-placeholder{font-family:KingsBureauGrotThreeSeven,sans-serif;color:#ffffff;opacity:0.8;}/*!sc*/ .eWXLqO > input:-ms-input-placeholder{font-family:KingsBureauGrotThreeSeven,sans-serif;color:#ffffff;opacity:0.8;}/*!sc*/ .eWXLqO > input::placeholder{font-family:KingsBureauGrotThreeSeven,sans-serif;color:#ffffff;opacity:0.8;}/*!sc*/ .eWXLqO > input::-ms-clear,.eWXLqO > input::-ms-reveal{display:none;width:0;height:0;}/*!sc*/ .eWXLqO > input::-webkit-search-decoration,.eWXLqO > input::-webkit-search-cancel-button,.eWXLqO > input::-webkit-search-results-button,.eWXLqO > input::-webkit-search-results-decoration{display:none;}/*!sc*/ .eWXLqO > button{position:absolute;right:0px;top:0px;width:3rem;height:100%;padding:0;color:white;background:transparent;border:none;cursor:pointer;font-size:1.5rem;}/*!sc*/ .eWXLqO > button:after{font-family:'kcl-icons' !important;content:'\e922';}/*!sc*/ data-styled.g11[id="SearchComponentstyled__SearchComponentStyled-sc-1nql9ju-0"]{content:"eWXLqO,"}/*!sc*/ @media screen and (min-width:px){.bXcTNJ li{background-color:#3b4348;}}/*!sc*/ data-styled.g12[id="NavStaticLinksstyled__NavStaticLinksStyled-sc-1dfd9z5-0"]{content:"bXcTNJ,"}/*!sc*/ .GJiOl{width:100%;-webkit-flex-basis:100%;-ms-flex-preferred-size:100%;flex-basis:100%;padding:0 8px;position:relative;}/*!sc*/ @media screen and (min-width:768px){.GJiOl{padding-left:12px;padding-right:12px;}}/*!sc*/ @media screen and (min-width:1024px){.GJiOl{-webkit-flex-basis:auto;-ms-flex-preferred-size:auto;flex-basis:auto;width:66.66666666666667%;}}/*!sc*/ .gBgfFz{width:100%;-webkit-flex-basis:100%;-ms-flex-preferred-size:100%;flex-basis:100%;padding:0 8px;position:relative;}/*!sc*/ @media screen and (min-width:768px){.gBgfFz{padding-left:12px;padding-right:12px;}}/*!sc*/ @media screen and (min-width:1024px){.gBgfFz{-webkit-flex-basis:auto;-ms-flex-preferred-size:auto;flex-basis:auto;width:100%;}}/*!sc*/ .jmHCkO{width:100%;-webkit-flex-basis:100%;-ms-flex-preferred-size:100%;flex-basis:100%;padding:0 8px;position:relative;}/*!sc*/ @media screen and (min-width:768px){.jmHCkO{padding-left:12px;padding-right:12px;}}/*!sc*/ @media screen and (min-width:480px){.jmHCkO{-webkit-flex-basis:auto;-ms-flex-preferred-size:auto;flex-basis:auto;width:100%;}}/*!sc*/ @media screen and (min-width:768px){.jmHCkO{-webkit-flex-basis:auto;-ms-flex-preferred-size:auto;flex-basis:auto;width:50%;}}/*!sc*/ @media screen and (min-width:1024px){.jmHCkO{-webkit-flex-basis:auto;-ms-flex-preferred-size:auto;flex-basis:auto;width:50%;}}/*!sc*/ .FMXNG{width:100%;-webkit-flex-basis:100%;-ms-flex-preferred-size:100%;flex-basis:100%;padding:0 8px;position:relative;}/*!sc*/ @media screen and (min-width:768px){.FMXNG{padding-left:12px;padding-right:12px;}}/*!sc*/ @media screen and (min-width:1024px){.FMXNG{-webkit-flex-basis:auto;-ms-flex-preferred-size:auto;flex-basis:auto;width:33.333333333333336%;}}/*!sc*/ .jkUhFM{width:100%;-webkit-flex-basis:100%;-ms-flex-preferred-size:100%;flex-basis:100%;padding:0 8px;position:relative;}/*!sc*/ @media screen and (min-width:768px){.jkUhFM{padding-left:12px;padding-right:12px;}}/*!sc*/ data-styled.g15[id="Columnstyled__ColumnStyled-sc-f3ck65-0"]{content:"GJiOl,gBgfFz,jmHCkO,FMXNG,jkUhFM,"}/*!sc*/ .fqQzMC{font-family:kcl-icons,sans-serif;speak:none;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;line-height:1;}/*!sc*/ .fqQzMC:before{content:'\e900';color:inherit;}/*!sc*/ .kUEDbG{font-family:kcl-icons,sans-serif;speak:none;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;line-height:1;}/*!sc*/ .kUEDbG:before{content:'\e922';color:inherit;}/*!sc*/ .gOvwTb{font-family:kcl-icons,sans-serif;speak:none;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;line-height:1;}/*!sc*/ .gOvwTb:before{content:'\e910';color:inherit;}/*!sc*/ .jhQmDt{font-family:kcl-icons,sans-serif;speak:none;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;line-height:1;}/*!sc*/ .jhQmDt:before{content:'\e92a';color:inherit;}/*!sc*/ .eAnuqc{font-family:kcl-icons,sans-serif;speak:none;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;line-height:1;}/*!sc*/ .eAnuqc:before{content:'\e917';color:inherit;}/*!sc*/ .fIEaIS{font-family:kcl-icons,sans-serif;speak:none;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;line-height:1;}/*!sc*/ .fIEaIS:before{content:'\e91a';color:inherit;}/*!sc*/ .sZron{font-family:kcl-icons,sans-serif;speak:none;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;line-height:1;}/*!sc*/ .sZron:before{content:'\e92c';color:inherit;}/*!sc*/ data-styled.g17[id="Iconstyled__IconStyled-sc-1y8i1f9-0"]{content:"fqQzMC,kUEDbG,gOvwTb,jhQmDt,eAnuqc,fIEaIS,sZron,"}/*!sc*/ .gchsDS{margin:0 0 0.8em 0;color:#000000;font-family:KingsBureauGrotThreeSeven,sans-serif;font-weight:400;font-size:1.5rem;line-height:1.35;}/*!sc*/ @media screen and (min-width:768px){.gchsDS{font-size:1.875rem;line-height:1.35;}}/*!sc*/ .hVFhal{margin:0 0 0.8em 0;color:#000000;font-family:KingsBureauGrotThreeSeven,sans-serif;font-weight:400;font-size:1.375rem;line-height:1.45;}/*!sc*/ @media screen and (min-width:768px){.hVFhal{font-size:1.5rem;line-height:1.45;}}/*!sc*/ .bEzXvi{margin:0 0 0.8em 0;color:#000000;font-family:KingsBureauGrotThreeSeven,sans-serif;font-weight:400;font-size:1.25rem;line-height:1.4;}/*!sc*/ @media screen and (min-width:768px){.bEzXvi{font-size:1.375rem;line-height:1.45;}}/*!sc*/ .iKsmgH{margin:0 0 0.8em 0;color:#000000;font-family:KingsBureauGrotThreeSeven,sans-serif;font-weight:400;font-size:1.125rem;line-height:1.6;}/*!sc*/ @media screen and (min-width:768px){.iKsmgH{font-size:1.25rem;line-height:1.45;}}/*!sc*/ data-styled.g19[id="Headingstyled__DynamicHeading-sc-1544wc-0"]{content:"gchsDS,hVFhal,bEzXvi,iKsmgH,"}/*!sc*/ .jEWHgQ{max-width:100%;}/*!sc*/ data-styled.g20[id="Imagestyled__ImageStyled-sc-oe75a9-0"]{content:"jEWHgQ,"}/*!sc*/ .cgUnvG{white-space:pre-line;font-family:KingsBureauGrotFiveOne,sans-serif;font-weight:400;font-size:1.125rem;line-height:1.6;}/*!sc*/ data-styled.g23[id="Paragraphstyled__ParagraphStyled-sc-176xsi4-0"]{content:"cgUnvG,"}/*!sc*/ .jFLfIc{position:relative;margin-bottom:2rem;padding:1.5rem;background-color:#edf1f2;background-color:#f8ce57;}/*!sc*/ .jFLfIc::before,.jFLfIc::after{content:'';position:absolute;top:0;right:0;width:0;height:0;}/*!sc*/ .jFLfIc::before{border-bottom:24px solid #f5b90f;border-right:24px solid transparent;}/*!sc*/ .jFLfIc::after{border-top:24px solid #ffffff;border-left:24px solid transparent;}/*!sc*/ .bDgLWq{position:relative;margin-bottom:2rem;padding:1.5rem;background-color:#edf1f2;}/*!sc*/ .bDgLWq::before,.bDgLWq::after{content:'';position:absolute;top:0;right:0;width:0;height:0;}/*!sc*/ .bDgLWq::before{border-bottom:24px solid #dce3e6;border-right:24px solid transparent;}/*!sc*/ .bDgLWq::after{border-top:24px solid #ffffff;border-left:24px solid transparent;}/*!sc*/ data-styled.g24[id="PostitNotestyled__PostitNoteStyled-sc-rip13t-0"]{content:"jFLfIc,bDgLWq,"}/*!sc*/ .jTJbGq{display:block;}/*!sc*/ @media screen and (min-width:1024px){.jTJbGq{display:none;}}/*!sc*/ .bhVfYi{display:none;}/*!sc*/ @media screen and (min-width:1024px){.bhVfYi{display:block;}}/*!sc*/ data-styled.g30[id="MediaQuerystyled__MediaQueryStyled-sc-flwyer-0"]{content:"jTJbGq,bhVfYi,"}/*!sc*/ .kKIhPG{position:absolute;width:1px;height:1px;padding:0;overflow:hidden;-webkit-clip:rect(0,0,0,0);clip:rect(0,0,0,0);white-space:nowrap;-webkit-clip-path:inset(50%);clip-path:inset(50%);border:0;}/*!sc*/ data-styled.g35[id="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0"]{content:"kKIhPG,"}/*!sc*/ .kUswtk{padding-left:32px;margin-bottom:1.5rem;list-style:none;font-size:1.125rem;}/*!sc*/ .kUswtk li{position:relative;margin-bottom:0.75rem;line-height:1.56;}/*!sc*/ .kUswtk li:after{content:'';top:6px;left:-32px;position:absolute;display:block;width:12px;height:12px;background-color:#cdd7dc;border-radius:50%;}/*!sc*/ @media screen and (min-width:768px){.kUswtk{padding-left:32px;}}/*!sc*/ data-styled.g36[id="UnorderedListstyled__UnorderedListStyled-sc-96evio-0"]{content:"kUswtk,"}/*!sc*/ .kDBWdG a{color:#0a2d50;font-family:KingsBureauGrotThreeSeven,sans-serif;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .kDBWdG a:hover{color:#3b5773;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .kDBWdG p a{color:#0a2d50;font-family:KingsBureauGrotFiveOne,sans-serif;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .kDBWdG p a:hover{color:#3b5773;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ data-styled.g39[id="Richtextstyled__RichtextStyled-sc-1kvg2vc-0"]{content:"kDBWdG,"}/*!sc*/ .fpdkti{display:block;width:100%;height:100%;}/*!sc*/ .fpdkti .nav-parent-li{margin-bottom:-1px;}/*!sc*/ .fpdkti .nav-parent-a{position:relative;height:3rem;width:100%;display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-text-decoration:none;text-decoration:none;color:white;background-color:inherit;}/*!sc*/ .fpdkti .nav-parent-a .Iconstyled__IconStyled-sc-1y8i1f9-0{-webkit-transition:all 150ms;transition:all 150ms;font-size:0.625rem;margin-left:0.5rem;}/*!sc*/ .fpdkti .nav-parent-a.expanded .Iconstyled__IconStyled-sc-1y8i1f9-0{-webkit-transform:rotate(180deg);-ms-transform:rotate(180deg);transform:rotate(180deg);}/*!sc*/ .fpdkti .nav-child-ul{display:none;padding:1rem 0;background-color:#e6ebed;}/*!sc*/ .fpdkti .nav-child-ul.active{display:block;}/*!sc*/ .fpdkti .nav-child-a{height:2.5rem;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-text-decoration:none;text-decoration:none;color:black;}/*!sc*/ data-styled.g48[id="NavComponentstyled__NavComponentStyled-sc-l2og7h-0"]{content:"fpdkti,"}/*!sc*/ .hkDkPc{display:block;background-color:#5a6369;}/*!sc*/ .hkDkPc:after{content:'';position:absolute;display:block;width:100%;height:0.25rem;background:rgba(0,0,0,0.05);z-index:1;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0{position:relative;min-height:3rem;padding:0;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .Logostyled__LogoStyled-sc-ihdj0q-0{position:absolute;top:0px;left:0px;z-index:1000;width:63px;height:auto;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-container{display:none;width:100%;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-container.expanded{display:block;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .search-container{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;height:8rem;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar{position:relative;width:100%;height:3rem;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar #nav-toggle{width:2rem;height:2rem;position:absolute;right:1rem;top:0.5rem;padding:0;background:0 0;border-color:transparent;border-radius:0;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar #nav-toggle:focus{border-color:rgba(0,158,160,1);box-shadow:0 0 0 0.2rem rgba(0,158,160,1);outline:0;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar .icon-bar{background:#ffffff;border-radius:5px;display:block;height:0.125rem;margin:0.3125rem auto;position:relative;-webkit-transition:-webkit-transform 0.2s ease;-webkit-transition:transform 0.2s ease;transition:transform 0.2s ease;width:100%;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar .icon-bar.first.active{-webkit-transform:translateX(3px) rotate(45deg);-ms-transform:translateX(3px) rotate(45deg);transform:translateX(3px) rotate(45deg);-webkit-transform-origin:4px center;-ms-transform-origin:4px center;transform-origin:4px center;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar .icon-bar.last.active{-webkit-transform:translateX(3px) rotate(-45deg);-ms-transform:translateX(3px) rotate(-45deg);transform:translateX(3px) rotate(-45deg);-webkit-transform-origin:4px center;-ms-transform-origin:4px center;transform-origin:4px center;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar .icon-bar.middle.active{opacity:0;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .NavComponentstyled__NavComponentStyled-sc-l2og7h-0{margin:0;background-color:#e6ebed;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .NavComponentstyled__NavComponentStyled-sc-l2og7h-0 .nav-parent-li{border-top:3px solid #dce3e6;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .NavComponentstyled__NavComponentStyled-sc-l2og7h-0 .nav-parent-a{position:relative;-webkit-box-pack:start;-webkit-justify-content:flex-start;-ms-flex-pack:start;justify-content:flex-start;padding-left:1rem;color:#000000;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .NavComponentstyled__NavComponentStyled-sc-l2og7h-0 .nav-child-a{-webkit-box-pack:start;-webkit-justify-content:flex-start;-ms-flex-pack:start;justify-content:flex-start;padding-left:2rem;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .NavStaticLinksstyled__NavStaticLinksStyled-sc-1dfd9z5-0{margin:0;padding:1rem;background-color:#d7dfe2;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .NavStaticLinksstyled__NavStaticLinksStyled-sc-1dfd9z5-0 .nav-static-parent-li{display:block;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .NavStaticLinksstyled__NavStaticLinksStyled-sc-1dfd9z5-0 .nav-static-parent-a{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:start;-webkit-justify-content:flex-start;-ms-flex-pack:start;justify-content:flex-start;height:2.5rem;color:black;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .SearchComponentstyled__SearchComponentStyled-sc-1nql9ju-0{width:90%;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .SearchComponentstyled__SearchComponentStyled-sc-1nql9ju-0 input{font-size:1.0rem;}/*!sc*/ .hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .SearchComponentstyled__SearchComponentStyled-sc-1nql9ju-0 button{font-size:1.0rem;}/*!sc*/ @media screen and (min-width:768px){.hkDkPc .Containerstyled__ContainerStyled-sc-1vp98b6-0 .top-bar #nav-toggle{right:1.5rem;}}/*!sc*/ data-styled.g49[id="NavMobilestyled__NavMobileStyled-sc-1wz55ya-0"]{content:"hkDkPc,"}/*!sc*/ .gZbpxg{display:block;background-color:#e6ebed;}/*!sc*/ .gZbpxg .nav-parent-ul{display:block;width:100%;height:100%;}/*!sc*/ .gZbpxg .nav-parent-a{position:relative;height:3rem;width:100%;display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-text-decoration:none;text-decoration:none;color:white;}/*!sc*/ .gZbpxg .nav-parent-a .Iconstyled__IconStyled-sc-1y8i1f9-0{-webkit-transition:all 150ms;transition:all 150ms;font-size:0.625rem;margin-left:0.5rem;}/*!sc*/ .gZbpxg .nav-parent-a.expanded .Iconstyled__IconStyled-sc-1y8i1f9-0{-webkit-transform:rotate(180deg);-ms-transform:rotate(180deg);transform:rotate(180deg);}/*!sc*/ .gZbpxg .nav-child-ul{display:none;padding:1rem 0;background-color:#e6ebed;}/*!sc*/ .gZbpxg .nav-child-ul.active{display:block;}/*!sc*/ .gZbpxg .nav-child-a{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:2.5rem;padding-left:1rem;color:#0a2d50;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:start;-webkit-justify-content:flex-start;-ms-flex-pack:start;justify-content:flex-start;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .gZbpxg .nav-child-a:hover{color:#3b5773;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0{display:block;padding:0;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 > h1{padding:1.5rem 1rem;margin:0;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 #sub-nav-toggle{position:relative;height:3rem;width:100%;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;padding:0 1rem;border:none;background-color:transparent;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 #sub-nav-toggle:after{width:2rem;height:2rem;position:absolute;right:1rem;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;border-radius:50%;background-color:#0a2d50;color:#ffffff;font-family:'kcl-icons' !important;font-size:1.11111111111111rem;-webkit-transition:all 0.2s ease;transition:all 0.2s ease;content:'\e900';}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 #sub-nav-toggle.expanded:after{-webkit-transform:rotate(180deg);-ms-transform:rotate(180deg);transform:rotate(180deg);}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .sub-nav-container{display:none;width:100%;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .sub-nav-container.expanded{display:block;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .sub-nav-text{color:#5a6369;font-size:1.0rem;font-family:KingsBureauGrotFiveOne,sans-serif;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-parent-li{padding:0 1rem;border-top:3px solid #dce3e6;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-parent-a{-webkit-box-pack:start;-webkit-justify-content:flex-start;-ms-flex-pack:start;justify-content:flex-start;color:#5a6369;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-parent-a:after{width:2rem;height:2rem;position:absolute;right:0;top:0.5rem;padding:0;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;color:#0a2d50;font-family:'kcl-icons' !important;font-size:1.11111111111111rem;-webkit-transition:all 0.2s ease;transition:all 0.2s ease;}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-parent-a.collapsed:after{content:'\e900';}/*!sc*/ .gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-parent-a.expanded:after{content:'\e900';-webkit-transform:rotate(180deg);-ms-transform:rotate(180deg);transform:rotate(180deg);}/*!sc*/ @media screen and (min-width:768px){.gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 > h1{padding:1.5rem;}.gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 #sub-nav-toggle{padding:0 1.5rem;}.gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 #sub-nav-toggle:after{right:1.5rem;}.gZbpxg > .Containerstyled__ContainerStyled-sc-1vp98b6-0 .nav-parent-li{padding:0 1.5rem;}}/*!sc*/ data-styled.g52[id="SubNavMobilestyled__SubNavMobileStyled-sc-1xll37g-0"]{content:"gZbpxg,"}/*!sc*/ .korgaJ{padding:4rem 0 0;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:space-evenly;-webkit-justify-content:space-evenly;-ms-flex-pack:space-evenly;justify-content:space-evenly;background-color:#4c555a;}/*!sc*/ .korgaJ address{font-size:1.0rem;font-style:normal;line-height:1.8;white-space:pre;}/*!sc*/ .korgaJ .footer-column{margin-bottom:2.5rem;}/*!sc*/ .korgaJ .footer-mobile-number{margin-bottom:0.75rem;}/*!sc*/ .korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div{width:100%;padding-left:0.5rem;padding-right:0.5rem;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;color:#ffffff;}/*!sc*/ .korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div .column-title{width:100%;padding-bottom:1rem;margin-bottom:1rem;border-bottom:3px solid #8b9296;font-family:KingsBureauGrotFiveOne,sans-serif;font-weight:400;color:#ffffff;}/*!sc*/ .korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div a,.korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div span{padding:0.5rem 0;display:inline-block;color:white;font-size:1.125rem;}/*!sc*/ .korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div a{padding:1rem 0;font-size:1.0rem;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div a:hover{color:#cdd7dc;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ @media screen and (min-width:768px){.korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div{width:16.66667%;min-width:192px;padding-left:0.75rem;padding-right:0.75rem;}.korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > div a{padding:0.5rem 0;}}/*!sc*/ .korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > .Logostyled__LogoStyled-sc-ihdj0q-0{margin-top:4rem;margin-bottom:2rem;}/*!sc*/ .korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > .Logostyled__LogoStyled-sc-ihdj0q-0 img{max-width:480px;margin:auto;}/*!sc*/ @media screen and (min-width:768px){.korgaJ .Containerstyled__ContainerStyled-sc-1vp98b6-0 > .Logostyled__LogoStyled-sc-ihdj0q-0{margin:0;}}/*!sc*/ data-styled.g54[id="FooterMainstyled__FooterMainStyled-sc-9qa4f1-0"]{content:"korgaJ,"}/*!sc*/ .jvWAxc{padding:0.75rem;background-color:#4c555a;}/*!sc*/ .jvWAxc .Containerstyled__ContainerStyled-sc-1vp98b6-0 a{width:100%;padding:1rem 0;margin-right:1.5rem;color:#ffffff;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .jvWAxc .Containerstyled__ContainerStyled-sc-1vp98b6-0 a:hover{color:#dce3e6;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ @media screen and (min-width:1024px){.jvWAxc .Containerstyled__ContainerStyled-sc-1vp98b6-0{padding:0 1.5rem;}}/*!sc*/ @media screen and (min-width:768px){.jvWAxc .Containerstyled__ContainerStyled-sc-1vp98b6-0 a{width:auto;}}/*!sc*/ data-styled.g55[id="FooterBottomstyled__FooterBottomStyled-sc-107msnq-0"]{content:"jvWAxc,"}/*!sc*/ .hMgEfX{background-color:#0a2d50;color:#ffffff;}/*!sc*/ .hMgEfX .Headingstyled__DynamicHeading-sc-1544wc-0{color:inherit;margin-right:1.5rem;}/*!sc*/ .hMgEfX .wrapper{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:136px;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}/*!sc*/ .hMgEfX .links{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}/*!sc*/ .hMgEfX .link{color:inherit;-webkit-text-decoration:none;text-decoration:none;height:2.5rem;width:2.5rem;border:0.125rem solid rgba(255,255,255,0.4);display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;border-radius:50%;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;font-size:1.125rem;margin-right:1rem;}/*!sc*/ .hMgEfX .link:hover{color:#0a2d50;background-color:#ffffff;border:0.125rem solid #ffffff;}/*!sc*/ @media screen and (min-width:768px){.hMgEfX .wrapper{height:6rem;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:left;-webkit-justify-content:left;-ms-flex-pack:left;justify-content:left;}.hMgEfX .Headingstyled__DynamicHeading-sc-1544wc-0{margin-bottom:0;}.hMgEfX .link{font-size:1.25rem;height:3rem;width:3rem;}}/*!sc*/ data-styled.g56[id="FooterSocialMedia__FooterSocialMediaStyled-sc-1o8y4mm-0"]{content:"hMgEfX,"}/*!sc*/ .jIQZVw{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin-bottom:2rem;-webkit-flex-flow:wrap;-ms-flex-flow:wrap;flex-flow:wrap;}/*!sc*/ .jIQZVw .link-container{width:100%;}/*!sc*/ .jIQZVw a{font-family:KingsBureauGrotThreeSeven,sans-serif;font-size:1.125rem;color:#0a2d50;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .jIQZVw a:hover{color:#3b5773;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ data-styled.g65[id="PeopleListstyled__PeopleListStyled-sc-2vzg3u-0"]{content:"jIQZVw,"}/*!sc*/ .cLEQhZ{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin-bottom:2rem;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}/*!sc*/ .cLEQhZ img{border-radius:50%;}/*!sc*/ .cLEQhZ a{color:#0a2d50;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .cLEQhZ a:hover{color:#3b5773;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .cLEQhZ .name{margin-bottom:0;}/*!sc*/ .cLEQhZ .title{margin-bottom:0;}/*!sc*/ .cLEQhZ .heading{width:100%;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;gap:0.25rem;}/*!sc*/ .cLEQhZ img{margin-right:1.5rem;max-width:5rem;max-height:5rem;}/*!sc*/ data-styled.g66[id="PeopleListItemstyled__PeopleListItemStyled-sc-1grf29w-0"]{content:"cLEQhZ,"}/*!sc*/ .iMheLE input{height:48px;display:block;-webkit-flex:auto;-ms-flex:auto;flex:auto;padding-bottom:0px;padding-left:1rem;padding-right:1.5rem;padding-top:0.25rem;font-size:1.125rem;line-height:48px;color:#3e4649;background-color:#cdd7dc;border:1px solid #cdd7dc;border-radius:5px;border-top-right-radius:0;border-bottom-right-radius:0;font-family:KingsBureauGrotFiveOne,sans-serif;}/*!sc*/ .iMheLE input::-webkit-input-placeholder{font-size:1.25rem;font-family:KingsBureauGrotFiveOne,sans-serif;color:#3e4649;}/*!sc*/ .iMheLE input::-moz-placeholder{font-size:1.25rem;font-family:KingsBureauGrotFiveOne,sans-serif;color:#3e4649;}/*!sc*/ .iMheLE input:-ms-input-placeholder{font-size:1.25rem;font-family:KingsBureauGrotFiveOne,sans-serif;color:#3e4649;}/*!sc*/ .iMheLE input::placeholder{font-size:1.25rem;font-family:KingsBureauGrotFiveOne,sans-serif;color:#3e4649;}/*!sc*/ .iMheLE .input-group{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex:1 1 0%;-ms-flex:1 1 0%;flex:1 1 0%;min-width:0;margin-bottom:0;}/*!sc*/ .iMheLE .input-group__append{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:48px;width:48px;border-radius:5px;border-top-left-radius:0;border-bottom-left-radius:0;background-color:#e22319;border:none;border-bottom:3px solid #b61c14;color:#ffffff;font-size:1.5rem;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ @media screen and (min-width:768px){.iMheLE input{height:64px;line-height:64px;}.iMheLE .input-group__append{height:64px;width:64px;font-size:1.75rem;}}/*!sc*/ .iMheLE button{cursor:pointer;}/*!sc*/ .iMheLE button:hover{opacity:0.7;}/*!sc*/ data-styled.g119[id="SearchInputWithSubmitstyled__SearchInputWithSubmitStyled-sc-pplpbq-0"]{content:"iMheLE,"}/*!sc*/ .kCnCve .initiatives{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-flow:row wrap;-ms-flex-flow:row wrap;flex-flow:row wrap;gap:0.75rem;}/*!sc*/ .kCnCve .initiative{max-width:49%;min-width:49%;}/*!sc*/ .kCnCve .general-info{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-flow:row wrap;-ms-flex-flow:row wrap;flex-flow:row wrap;gap:1rem;height:100%;margin-bottom:2rem;}/*!sc*/ .kCnCve .general-info--inner{width:48%;-webkit-box-flex:1;-webkit-flex-grow:1;-ms-flex-positive:1;flex-grow:1;background-color:#edf1f2;}/*!sc*/ .kCnCve .list-link{color:#0a2d50;font-family:KingsBureauGrotFiveOne,sans-serif;font-weight:400;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .kCnCve .list-link:hover{color:#3b5773;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .kCnCve .list-link:visited{color:#0a2d50;}/*!sc*/ .kCnCve .section-break{margin-bottom:1.5rem;border-bottom:3px solid #edf1f2;padding-bottom:0;}/*!sc*/ .kCnCve .spacing-bottom{margin-bottom:1.5rem;}/*!sc*/ .kCnCve .image-spacing-bottom{margin-bottom:2rem;}/*!sc*/ .kCnCve .YouTubeVideostyled__YouTubeVideoStyled-sc-el2nym-0{margin-bottom:2rem;}/*!sc*/ .kCnCve .keyline{display:block;width:100%;height:3px;margin:1.5rem 0 1.25rem 0;background-color:#dce3e6;}/*!sc*/ .kCnCve .keyline--thin{height:3px;margin:1rem 0 1.25rem 0;}/*!sc*/ .kCnCve .keyline--thick{height:0.25rem;margin:0 0 1.5rem 0;}/*!sc*/ @media screen and (min-width:768px){.kCnCve .Richtextstyled__RichtextStyled-sc-1kvg2vc-0{margin-bottom:3.5rem;}.kCnCve .spacing-bottom{margin-bottom:3.5rem;}}/*!sc*/ @media screen and (max-width:768px){.kCnCve .initiative{max-width:100%;min-width:100%;}.kCnCve .general-info--inner{width:100%;}}/*!sc*/ data-styled.g165[id="ContentComposerstyled__ContentComposerStyled-sc-nc8htl-0"]{content:"kCnCve,"}/*!sc*/ .djTUCi blockquote{background-color:#e6ebed;padding:2rem 3rem 2rem 4rem;font-family:KingsCaslon,serif;font-size:1.5rem;font-style:italic;position:relative;margin-block-start:0;margin-block-end:0;margin-inline-start:0;margin-inline-end:0;}/*!sc*/ .djTUCi blockquote:before{content:'“';color:#e22319;height:0;left:0.5rem;position:absolute;top:1rem;font-size:5rem;}/*!sc*/ .djTUCi cite{font-style:normal;font-family:KingsBureauGrotFiveOne,sans-serif;font-size:1.0rem;line-height:1.6;display:block;word-wrap:break-word;word-break:break-word;}/*!sc*/ .djTUCi .block--article__content{margin-bottom:1rem;}/*!sc*/ data-styled.g171[id="quotestyled__QuoteStyled-sc-1hoxm2t-0"]{content:"djTUCi,"}/*!sc*/ .hRAOrF .figure-caption,.hRAOrF .caption{margin-bottom:2rem;}/*!sc*/ .hRAOrF .search{margin-bottom:1.5rem;}/*!sc*/ .hRAOrF p.date{margin-bottom:0;}/*!sc*/ .hRAOrF .image{padding:1rem;}/*!sc*/ .hRAOrF .conversationTracker{border:none !important;box-shadow:none !important;margin:0 !important;max-height:1px !important;max-width:1px !important;min-height:1px !important;min-width:1px !important;opacity:0 !important;outline:none !important;padding:0 !important;}/*!sc*/ .hRAOrF .list{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;gap:0.75rem;list-style:none;width:100%;margin-bottom:1rem;}/*!sc*/ .hRAOrF .list li{display:inline-block;}/*!sc*/ .hRAOrF .btn{display:inline-block;text-align:center;vertical-align:middle;border-radius:5px;padding:1rem;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .hRAOrF link:hover{-webkit-text-decoration:text-underline-offset;text-decoration:text-underline-offset;}/*!sc*/ .hRAOrF .btn--tag{background-color:#e6ebed;font-style:normal;font-family:KingsBureauGrotFiveOne,sans-serif;color:#5a6369;}/*!sc*/ .hRAOrF div.relatedLinkBlock{border-top:1px solid #464e52;padding-bottom:1rem;}/*!sc*/ .hRAOrF .relatedLinksHeading{padding-top:1rem;}/*!sc*/ .hRAOrF li.relatedLinks{padding-bottom:1.5rem;}/*!sc*/ .hRAOrF li.relatedLinks a{color:#0a2d50;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .hRAOrF li.relatedLinks a:hover{color:#3b5773;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .hRAOrF div.relatedCourses{background-color:#e6ebed;padding:1rem;margin-bottom:2rem;}/*!sc*/ .hRAOrF ul.relatedCoursesList{font-family:KingsBureauGrotThreeSeven,sans-serif;list-style:circle;display:block;margin-block-start:1em;padding-inline:1rem;color:#0a2d50;}/*!sc*/ .hRAOrF li link.relatedCourse{color:#0a2d50;}/*!sc*/ .hRAOrF ul li:before{border-radius:50%;display:block;position:absolute;content:' ';background-color:#5a6369;height:0.625rem;}/*!sc*/ data-styled.g192[id="NewsPagestyled__NewsPageStyled-sc-1wcff4g-0"]{content:"hRAOrF,"}/*!sc*/ .jtAWOS h3{margin-bottom:0.75rem;}/*!sc*/ .jtAWOS ul{padding-left:0;margin-bottom:0;font-size:1.125rem;line-height:1.1;}/*!sc*/ .jtAWOS li{margin-bottom:0.75rem;}/*!sc*/ .jtAWOS li:last-of-type{margin-bottom:0;}/*!sc*/ .jtAWOS li:after{display:none;}/*!sc*/ .jtAWOS a{color:#0a2d50;font-family:KingsBureauGrotThreeSeven,sans-serif;font-weight:400;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .jtAWOS a:hover{color:#3b5773;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .jtAWOS a:visited{color:#0a2d50;}/*!sc*/ data-styled.g193[id="DepartmentsListstyled__DepartmentsListStyled-sc-go0pwy-0"]{content:"jtAWOS,"}/*!sc*/ </style><meta property="og:type" content="website"/><link rel="preconnect" href="https://fonts.googleapis.com"><link rel="preconnect" href="https://fonts.gstatic.com" crossorigin><link href="https://fonts.googleapis.com/css2?family=Wix+Madefor+Display:wght@400;700&display=swap" rel="stylesheet"></head><body><noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-W5RSV5" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript><div id="root"><div data-testid="Layout" class="Layoutstyled__LayoutStyled-sc-15and8u-0"><a class="SkipNavstyled__SkipNavStyled-sc-mgg415-0 EzpYq" href="#main-content">Skip to main content</a><header class="HeaderStyled-sc-1947hrm-0 guzTdE"><div class="Navigationstyled__NavigationStyled-sc-15mhzms-0 fSgmX"><div class="NavMobilestyled__NavMobileStyled-sc-1wz55ya-0 hkDkPc"><div class="Containerstyled__ContainerStyled-sc-1vp98b6-0 hCMAWC"><div class="Logostyled__LogoStyled-sc-ihdj0q-0 hvOvDU"><img src="/static/img/kcl-logo.svg?5bb1569efb406aadca16a184977b0ee2&f=webp" alt="Back to King's College London homepage" class="Imagestyled__ImageStyled-sc-oe75a9-0 jEWHgQ"/></div><div class="top-bar"><button class="" id="nav-toggle" name="navigation toggle" aria-expanded="false"><span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Opens navigation menu</span><span class="icon-bar first "></span><span class="icon-bar middle "></span><span class="icon-bar last "></span></button></div><div class="nav-container "><nav><ul class="NavComponentstyled__NavComponentStyled-sc-l2og7h-0 fpdkti nav-parent-ul nav-unnamed"><li class="nav-parent-li"><a class="nav-parent-a collapsed " href="/study/home" id="bfbe9934-616e-421f-a7f4-63d386c4784a" aria-expanded="false" aria-label="">Study<i class="Iconstyled__IconStyled-sc-1y8i1f9-0 fqQzMC down-caret" aria-hidden="true"></i><span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation category. Contains links. Press enter key to expand.</span></a><ul class="nav-child-ul " id="nav-submenu-bfbe9934-616e-421f-a7f4-63d386c4784a"><li class="nav-child-li"><a class="nav-child-a" href="/study/home" aria-label="">Study<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/study/undergraduate">Undergraduate<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/study/postgraduate-taught">Postgraduate taught<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/study/postgraduate-research">Postgraduate Research<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/study/international">International<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kcl.ac.uk/study-legacy/abroad">Study Abroad<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/international-foundation">International Foundation<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/language-centre">Language Centre<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kcl.ac.uk/prospectus/shortcourses/">Short courses<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kcl.ac.uk/study-legacy/executive-education/kings-professional-and-executive-development">Executive Education<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kcl.ac.uk/summer">Summer and Winter Programmes<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kcl.ac.uk/accommodation">Accommodation<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/study/social-mobility">Social Mobility<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/visit">Visit King's<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Study. Press escape key to return to main menu</span></a></li></ul></li><li class="nav-parent-li"><a class="nav-parent-a collapsed " href="/campuslife" id="b7ba7108-f1eb-4490-af1b-23def95c63cc" aria-expanded="false" aria-label="">Student Services<i class="Iconstyled__IconStyled-sc-1y8i1f9-0 fqQzMC down-caret" aria-hidden="true"></i><span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation category. Contains links. Press enter key to expand.</span></a><ul class="nav-child-ul " id="nav-submenu-b7ba7108-f1eb-4490-af1b-23def95c63cc"><li class="nav-child-li"><a class="nav-child-a" href="/campuslife" aria-label="">Student Services<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://self-service.kcl.ac.uk/article/KA-01913/en-us">Academic Calendar<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://kcl.ac.uk/sport">King’s Sport<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/library">Libraries & Collections<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kclsu.org">Student's Union<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/careers">Careers<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/language-centre">Language Centre<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/it">King’s IT<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://self-service.kcl.ac.uk/">Student Services Online<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/student-life/wellbeing">Mental health and wellbeing<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kcl.ac.uk/students/news">Student news<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Student Services. Press escape key to return to main menu</span></a></li></ul></li><li class="nav-parent-li"><a class="nav-parent-a collapsed " href="/research" id="36fd05c8-4c24-42e2-abcf-5125fd505e2d" aria-expanded="false" aria-label="">Research & Innovation<i class="Iconstyled__IconStyled-sc-1y8i1f9-0 fqQzMC down-caret" aria-hidden="true"></i><span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation category. Contains links. Press enter key to expand.</span></a><ul class="nav-child-ul " id="nav-submenu-36fd05c8-4c24-42e2-abcf-5125fd505e2d"><li class="nav-child-li"><a class="nav-child-a" href="/research" aria-label="">Research & Innovation<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/research/explore">Explore<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/research/impact">Impact<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/research/research-environment">Research Environment<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/research/funding">Funding<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/research/facilities">Facilities<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/research/work-with-kings">Collaborate with King's<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kingshealthpartners.org/">King's Health Partners<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/doctoralcollege">King's Doctoral College<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Research & Innovation. Press escape key to return to main menu</span></a></li></ul></li><li class="nav-parent-li"><a class="nav-parent-a collapsed " href="/faculties-departments" id="65fa36c4-354c-43ac-8cf0-7f24331ce7fe" aria-expanded="false" aria-label="">Our faculties<i class="Iconstyled__IconStyled-sc-1y8i1f9-0 fqQzMC down-caret" aria-hidden="true"></i><span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation category. Contains links. Press enter key to expand.</span></a><ul class="nav-child-ul " id="nav-submenu-65fa36c4-354c-43ac-8cf0-7f24331ce7fe"><li class="nav-child-li"><a class="nav-child-a" href="/faculties-departments" aria-label="">Our faculties<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/artshums">Arts & Humanities<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/law">Law<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/nmpc">Nursing, Midwifery & Palliative Care<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/business">Business<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/lsm">Life Sciences & Medicine<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/ioppn">Psychiatry, Psychology & Neuroscience<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/nmes">Natural, Mathematical & Engineering Sciences<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/dentistry">Dentistry, Oral & Craniofacial Sciences<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/sspp">Social Sciences & Public Policy<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category Our faculties. Press escape key to return to main menu</span></a></li></ul></li><li class="nav-parent-li"><a class="nav-parent-a collapsed " href="/about" id="9cde7764-7c42-441d-babb-270b82e2b077" aria-expanded="false" aria-label="">About<i class="Iconstyled__IconStyled-sc-1y8i1f9-0 fqQzMC down-caret" aria-hidden="true"></i><span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation category. Contains links. Press enter key to expand.</span></a><ul class="nav-child-ul " id="nav-submenu-9cde7764-7c42-441d-babb-270b82e2b077"><li class="nav-child-li"><a class="nav-child-a" href="/about" aria-label="">About<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/about/history">History<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/about/strategy">Strategy<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/about/strategy/learning-and-teaching">Learning & Teaching<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://kcl.ac.uk/about/our-people">People<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/jobs">Work at King's<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/about/partnerships">Partnerships<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/about/governance-policies-and-procedures">Governance, policies & procedures<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/professional-services">Professional & Support Services<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/about/governance-policies-and-procedures/diversity-inclusivity">Diversity & Inclusion<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/aboutkings/governance-policies-and-procedures/financial-information">Financial information<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="/impact">King’s Impact<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li><li class="nav-child-li"><a class="nav-child-a" href="https://www.kcl.ac.uk/kingsvenues">King's Venues<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Navigation link in category About. Press escape key to return to main menu</span></a></li></ul></li></ul><ul class="NavStaticLinksstyled__NavStaticLinksStyled-sc-1dfd9z5-0 bXcTNJ nav-static-parent-ul undefined"><li class="nav-static-parent-li"><a class="nav-static-parent-a" href="/students">Students</a></li><li class="nav-static-parent-li"><a class="nav-static-parent-a" href="https://internal.kcl.ac.uk">Staff</a></li><li class="nav-static-parent-li"><a class="nav-static-parent-a" href="/alumni">Alumni</a></li></ul><div class="search-container"><div class="SearchComponentstyled__SearchComponentStyled-sc-1nql9ju-0 eWXLqO header-search"><input type="search" class="search-input" name="search form" value="" placeholder="Search King's"/><button class="search-button" name="search button"></button></div></div></nav></div></div></div><div class="SubNavMobilestyled__SubNavMobileStyled-sc-1xll37g-0 gZbpxg"><div class="Containerstyled__ContainerStyled-sc-1vp98b6-0 hCMAWC"><h1 class="Headingstyled__DynamicHeading-sc-1544wc-0 gchsDS"><a class="section-heading" href="/">King's College London</a></h1></div></div></div></header><main id="main-content"><div class="NewsPagestyled__NewsPageStyled-sc-1wcff4g-0 hRAOrF"><div class="Containerstyled__ContainerStyled-sc-1vp98b6-0 hCMAWC"><div class="Columnstyled__ColumnStyled-sc-f3ck65-0 GJiOl"><div class="MediaQuerystyled__MediaQueryStyled-sc-flwyer-0 jTJbGq"><div class="search" data-test-id="searchMobile"><form class="SearchInputWithSubmitstyled__SearchInputWithSubmitStyled-sc-pplpbq-0 iMheLE"><label for="search" class="sr-only">Search news articles</label><div class="input-group"><input type="text" placeholder="Search news articles" id="search" title="Search" value=""/><a class="input-group__append" href="undefined?term=" target="_self" rel="noopener noreferrer"><span class="sr-only">Search</span><i class="Iconstyled__IconStyled-sc-1y8i1f9-0 kUEDbG" aria-hidden="true"></i></a></div></form></div></div><p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG date">24 September 2024</p><h2 class="Headingstyled__DynamicHeading-sc-1544wc-0 gchsDS title">New research sets out three overlooked opportunities to fund net zero transition</h2><p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.</p><div class="image"><img src="/ImportedImages/Schools/Business/news-images/canary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29&f=webp" alt="the view from Greenwich Park to Canary Wharf" class="Imagestyled__ImageStyled-sc-oe75a9-0 jEWHgQ image-spacing-bottom"/></div><div class="ContentComposerstyled__ContentComposerStyled-sc-nc8htl-0 kCnCve"><div class="Richtextstyled__RichtextStyled-sc-1kvg2vc-0 kDBWdG"><p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">To deliver the funding, a recent report from King’s College London argues for an urgent focus on three key areas of the financial system:</p> <ul class="UnorderedListstyled__UnorderedListStyled-sc-96evio-0 kUswtk"> <li>governments should engage with the new forms of partnerships between banks and other financial institutions that free up their lending capabilities;</li> <li>Multilateral Development Banks should make more use of their balance sheets to attract private sector funding through blended finance</li> <li>and regulators should develop global carbon markets with a focus on integrating national emissions trading systems and enhancing trust in voluntary markets.</li> </ul> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">The report highlights that the Multilateral Development Banks alone could more than double their stock of lending to release a further $1.2 trillion of net zero financing without harming their AAA ratings and estimates that governments could release £8.5 billion of new bank lending through every £1 billion they invest in loans to decarbonisation projects.</p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">The report and its recommendations were developed by Professor David Aikman, a former Technical Head of the Bank of England’s Financial Stability Division and Professor Raúl C. Rosales, a member of the Management Committee of the Singapore Green Finance Centre.</p></div><div class="quotestyled__QuoteStyled-sc-1hoxm2t-0 djTUCi"><div class="block--article__content"><blockquote><p>Mobilising enough finance to achieve our net zero goals is a major challenge, but our research highlights the potential of three avenues that should become a focus for policy makers in the run up to COP29 and beyond.</p><cite>Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance at King’s Business School</cite></blockquote></div></div><div class="Richtextstyled__RichtextStyled-sc-1kvg2vc-0 kDBWdG"><p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG"><strong>THE BANKS’ ROLE IN FINANCING THE TRANSITION TO NET ZERO</strong></p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">The report outlines how, ahead of the full implementation of the Basel III capital adequacy rules, banks are increasingly partnering with non-bank players in innovative ways that allow them to de-risk in line with existing regulatory and supervisory frameworks. These include strategic partnerships and new investment fund platforms with private credit, as well as the increased use of so-called “synthetic risk transfers” that move credit risk to third parties such as investment funds, freeing up funds for further lending. EU banks alone issued €102 billion in synthetic risk transfer securitisations in 2023 and 11% of these were linked to sustainability lending.</p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">The authors argue that governments and policy makers can support this transfer of risk between the banks and other parts of the financial sector;</p> <ul class="UnorderedListstyled__UnorderedListStyled-sc-96evio-0 kUswtk"> <li>By fostering the globally harmonised regulation of de-risking mechanisms such Significant Risk Transfers and synthetic securitisations</li> <li>As investors: the authors estimate that a £1 billion government investment in the junior tranche of a pool of loans for decarbonisation projects would generate additional bank lending capacity of around £8.5 billion. In the UK, the new National Wealth Fund could play a role both as a guarantor and coordinator of private sector lending for net zero technologies and projects.</li> </ul> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG"><strong> </strong></p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG"><strong>BLENDED FINANCE</strong></p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">Blended finance uses catalytic capital from public or philanthropic sources to mobilise private sector investment in sustainable development projects, primarily in developing countries. Public investment is led through Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs). While climate finance accounted for over half of the value of blended finance deals in 2023, the report highlights that at $15 billion of new transactions, the overall sector remained relatively small, and sets out how it could be expanded.</p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">The authors calculate that MDBs and DFIs draw on private sector investors for only 11% of their annual overall financing commitments. Their analysis of credit rating agency reports suggests that there is significant potential for MDBs to increase their leverage while still maintaining their AAA credit ratings. They estimate that collectively, the 13 MDBs focused on developing countries could increase the stock of development assets they finance by around $1.2 trillion, a 2.5-fold increase, without harming their current credit ratings.</p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">Furthermore, if MDBs operated under an AA rating instead of AAA, their financing capacity would increase by a further $1–1.2 trillion, significantly boosting their development and financial impact.</p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG"><strong>CARBON MARKETS</strong></p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">By putting a price on carbon, carbon markets create economic incentives for businesses and governments to invest in clean technologies and implement carbon pricing policies. They are also a source of revenue for government investments in net zero projects: in 2023 Emissions Trading Systems generated $74 billion in government revenues. Alongside the ETSs are voluntary carbon markets offering trading in ‘carbon credits’ issued by the developers of carbon removal and reduction schemes.</p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG">The authors argue that these markets can be made more attractive through:</p> <ul class="UnorderedListstyled__UnorderedListStyled-sc-96evio-0 kUswtk"> <li>Linking the UK and EU ETSs as envisaged in the EU-UK Trade and Cooperation Agreement governing post-Brexit trade relations. This is also a necessary condition for exempting UK exports from the EU’s Carbon Border Adjustment Mechanism.</li> <li>Stronger regulatory oversight, with clear rules on carbon credit usage, and a global standard for the financial accounting of certified carbon offset credits.</li> <li>Further integration, for example integrating the voluntary carbon markets with the established emissions trading systems, which would provide a strong pricing signal.</li> </ul></div><div class="quotestyled__QuoteStyled-sc-1hoxm2t-0 djTUCi"><div class="block--article__content"><blockquote><p>Partnerships between banks, investors, and regulators offer a critical opportunity to channel funds into low-carbon technologies by de-risking through regulated schemes. Multilateral Development Banks (MDBs) can amplify their impact by leveraging resources without straining government budgets, helping to establish sustainable infrastructure platforms in developing countries. Governments play a key role in integrating carbon markets through mechanisms like ETS and GGRs, enhancing transparency, and market efficiency, and sending a strong price signal for decarbonization.</p><cite>Professor Raúl C. Rosales, Professor of Practice in Net Zero Asset Management at King’s College London</cite></blockquote></div></div><div class="Containerstyled__ContainerStyled-sc-1vp98b6-0 hCMAWC"><div class="Columnstyled__ColumnStyled-sc-f3ck65-0 gBgfFz"><div role="presentation" class="section-break"></div></div></div><div class="PostitNotestyled__PostitNoteStyled-sc-rip13t-0 jFLfIc" color="yellow"><div class="postIt"><h3 class="Headingstyled__DynamicHeading-sc-1544wc-0 hVFhal">Read the full impact policy paper</h3><div class="Richtextstyled__RichtextStyled-sc-1kvg2vc-0 kDBWdG"><p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG"><a href="https://www.kcl.ac.uk/business/assets/PDF/research-papers/aikman-and-rosales-impact-policy-paper.pdf">MOBILIZING FINANCE FOR NET ZERO ENERGY SYSTEMS</a></p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG"><a href="https://www.kcl.ac.uk/business/assets/PDF/research-papers/aikman-and-rosales-impact-policy-paper.pdf">Key issues, barriers and policy priorities</a></p> <p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG"> </p></div></div></div></div><h3 class="Headingstyled__DynamicHeading-sc-1544wc-0 hVFhal">In this story</h3><div class="PeopleListstyled__PeopleListStyled-sc-2vzg3u-0 jIQZVw"><div class="Columnstyled__ColumnStyled-sc-f3ck65-0 jmHCkO"><div data-test-id="list-item" class="PeopleListItemstyled__PeopleListItemStyled-sc-1grf29w-0 cLEQhZ"><a title="Professor Raúl Rosales " href="/people/raul-rosales"><img src="/newimages/nmes/person-profile-160x160/raul-rosales-160-x-160.x1a262613.png?f=webp" alt="Raúl Rosales" class="Imagestyled__ImageStyled-sc-oe75a9-0 jEWHgQ"/></a><div><div class="heading"><h3 class="Headingstyled__DynamicHeading-sc-1544wc-0 hVFhal name"><a href="/people/raul-rosales">Professor Raúl Rosales </a></h3> </div><p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG title">Professor of Practice in Net Zero Asset Management</p></div></div></div><div class="Columnstyled__ColumnStyled-sc-f3ck65-0 jmHCkO"><div data-test-id="list-item" class="PeopleListItemstyled__PeopleListItemStyled-sc-1grf29w-0 cLEQhZ"><a title="Professor David Aikman " href="/people/david-aikman"><img src="/ImportedImages/Schools/Business/people/academics/davidaikman.x2343a52d.jpg?w=240&h=160&crop=160,160,60,0&f=webp" alt="David Aikman" class="Imagestyled__ImageStyled-sc-oe75a9-0 jEWHgQ"/></a><div><div class="heading"><h3 class="Headingstyled__DynamicHeading-sc-1544wc-0 hVFhal name"><a href="/people/david-aikman">Professor David Aikman </a></h3> </div><p class="Paragraphstyled__ParagraphStyled-sc-176xsi4-0 cgUnvG title">Director of the Qatar Centre for Global Banking & Finance</p></div></div></div></div><ul class="list" data-test-id="categoryList"><li><a class="btn btn--tag" href="/news/kings-news?categories=d9e2ba7e-c2a5-46e8-8415-51d7602f62a8">Business & Finance</a></li></ul></div><div class="Columnstyled__ColumnStyled-sc-f3ck65-0 FMXNG"><div class="MediaQuerystyled__MediaQueryStyled-sc-flwyer-0 bhVfYi"><div class="search" data-test-id="searchDesktop"><form class="SearchInputWithSubmitstyled__SearchInputWithSubmitStyled-sc-pplpbq-0 iMheLE"><label for="search" class="sr-only">Search news articles</label><div class="input-group"><input type="text" placeholder="Search news articles" id="search" title="Search" value=""/><a class="input-group__append" href="undefined?term=" target="_self" rel="noopener noreferrer"><span class="sr-only">Search</span><i class="Iconstyled__IconStyled-sc-1y8i1f9-0 kUEDbG" aria-hidden="true"></i></a></div></form></div></div><div class="DepartmentsListstyled__DepartmentsListStyled-sc-go0pwy-0 jtAWOS"><div class="PostitNotestyled__PostitNoteStyled-sc-rip13t-0 bDgLWq" color="grey"><h3 class="Headingstyled__DynamicHeading-sc-1544wc-0 bEzXvi">Related departments</h3><ul><li><a href="https://www.kcl.ac.uk/business">King’s Business School</a></li><li><a href="/research/qatar-centre-global-banking-finance">Qatar Centre for Global Banking & Finance</a></li><li><a href="https://www.kcl.ac.uk/nmes">Faculty of Natural, Mathematical & Engineering Sciences</a></li><li><a href="https://www.kcl.ac.uk/nmes/research/net-zero-centre">Net Zero Centre</a></li></ul></div></div><div class="relatedCourses"><h3 class="Headingstyled__DynamicHeading-sc-1544wc-0 hVFhal">Related courses</h3><ul class="relatedCoursesList"><li class="relatedCourses"><a class="relatedCourse" href="/study/postgraduate-taught/courses/banking-and-finance-msc">Banking & Finance</a></li><li class="relatedCourses"><a class="relatedCourse" href="/study/postgraduate-taught/courses/finance-asset-pricing-msc">Finance (Asset Pricing)</a></li></ul></div></div></div></div></main><footer class="Footerstyled__FooterStyled-sc-10jrmii-0"><div class="FooterSocialMedia__FooterSocialMediaStyled-sc-1o8y4mm-0 hMgEfX"><div class="Containerstyled__ContainerStyled-sc-1vp98b6-0 hCMAWC"><div class="Columnstyled__ColumnStyled-sc-f3ck65-0 jkUhFM wrapper"><h5 class="Headingstyled__DynamicHeading-sc-1544wc-0 hVFhal">Connect with King’s College London</h5><div class="links"><a class="link" href="http://www.facebook.com/kingscollegelondon" target="_blank" title="King’s College London on Facebook" rel="noopener noreferrer"><i class="Iconstyled__IconStyled-sc-1y8i1f9-0 gOvwTb" aria-hidden="true"></i></a><a class="link" href="http://www.twitter.com/kingscollegelon" target="_blank" title="King’s College London on Twitter" rel="noopener noreferrer"><i class="Iconstyled__IconStyled-sc-1y8i1f9-0 jhQmDt" aria-hidden="true"></i></a><a class="link" href="http://www.instagram.com/lifeatkings" target="_blank" title="King’s College London on Instagram" rel="noopener noreferrer"><i class="Iconstyled__IconStyled-sc-1y8i1f9-0 eAnuqc" aria-hidden="true"></i></a><a class="link" href="http://www.linkedin.com/company/7198" target="_blank" title="King’s College London on LinkedIn" rel="noopener noreferrer"><i class="Iconstyled__IconStyled-sc-1y8i1f9-0 fIEaIS" aria-hidden="true"></i></a><a class="link" href="http://www.youtube.com/user/kingscollegelondon" target="_blank" title="King’s College London on YouTube" rel="noopener noreferrer"><i class="Iconstyled__IconStyled-sc-1y8i1f9-0 sZron" aria-hidden="true"></i></a></div></div></div></div><div class="FooterMainstyled__FooterMainStyled-sc-9qa4f1-0 korgaJ"><div class="Containerstyled__ContainerStyled-sc-1vp98b6-0 hCMAWC"><div class="footer-column"><h5 class="Headingstyled__DynamicHeading-sc-1544wc-0 iKsmgH column-title">Study</h5><a href="/study/undergraduate">Degree courses<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/study/postgraduate-taught">Postgraduate taught<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/study/postgraduate-research">Postgraduate research<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/study/international">International<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/summer">Summer schools<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/student-experience">Student experience<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a></div><div class="footer-column"><h5 class="Headingstyled__DynamicHeading-sc-1544wc-0 iKsmgH column-title">Information for</h5><a href="/new-students">New students<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/students">Current students<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="https://internal.kcl.ac.uk">Staff<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/alumni">Alumni<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a></div><div class="footer-column"><h5 class="Headingstyled__DynamicHeading-sc-1544wc-0 iKsmgH column-title">Facilities</h5><a href="https://self-service.kcl.ac.uk/">Student services<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="https://www.kcl.ac.uk/accommodation">Accommodation<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="https://www.kcl.ac.uk/library">Libraries & Collections<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/it">King’s IT<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="https://self-service.kcl.ac.uk/article/KA-01913/en-us">Academic Calendar<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a></div><div class="footer-column"><h5 class="Headingstyled__DynamicHeading-sc-1544wc-0 iKsmgH column-title">Discover King's</h5><a href="/news">News Centre<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/events">Events<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="https://www.kclsu.org">Student's Union<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/visit">Visit King's<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/jobs">Work at King's<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/aboutkings">King's community<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a></div><div class="footer-column"><h5 class="Headingstyled__DynamicHeading-sc-1544wc-0 iKsmgH column-title">Contact us</h5><a class="footer-mobile-number" href="tel:+4402078365454">+44 (0)20 7836 5454</a><address>King's College London<br/>Strand<br/>London<br/>WC2R 2LS<br/>United Kingdom</address></div><div class="footer-column"><a href="/"><div class="Logostyled__LogoStyled-sc-ihdj0q-0 hvOvDU"><img src="/static/img/kcl-logo.svg?5bb1569efb406aadca16a184977b0ee2&f=webp" alt="Back to King's College London homepage" class="Imagestyled__ImageStyled-sc-oe75a9-0 jEWHgQ"/></div></a></div></div></div><div class="FooterBottomstyled__FooterBottomStyled-sc-107msnq-0 jvWAxc"><div class="Containerstyled__ContainerStyled-sc-1vp98b6-0 hCMAWC"><a href="/terms">Terms & conditions<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a>Modern Slavery Act Transparency Statement<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a>Privacy policy<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/sitehelp">Site help<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/sitehelp/accessibility">Accessibility<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/sitemap">Sitemap<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a><a href="/sitehelp/cookie">Cookies<span class="VisuallyHiddenstyled__VisuallyHiddenStyled-sc-1i5xmkp-0 kKIhPG">Footer navigation link</span></a></div></div></footer></div></div><script >window.versionStatus = "published"; window.REDUX_DATA = {"navigation":{"root":null,"error":{"isError":false,"message":null},"isReady":false},"routing":{"canonicalPath":"\u002Fnews","currentHostname":"www.kcl.ac.uk","currentPath":"\u002Fnews","currentNode":null,"currentNodeAncestors":[],"currentProject":"website","entryID":null,"entry":null,"error":undefined,"isError":false,"isLoading":false,"location":{"pathname":"\u002Fnews\u002Fnew-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition","search":"","hash":"","state":undefined},"mappedEntry":null,"notFound":false,"staticRoute":{"route":{"path":"\u002Fnews\u002F:slug","exact":true,"component":null},"match":{"path":"\u002Fnews\u002F:slug","url":"\u002Fnews\u002Fnew-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition","isExact":true,"params":{"slug":"new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition"}}},"statusCode":200,"allowedGroups":[-1],"currentNodeSiblings":[],"currentNodeSiblingsParent":null},"version":{"commitRef":"e5f822401a42d5b50db3c72ddfdc1bf4cd316a2d","buildNo":"295724","contensisVersionStatus":"published"},"course":{"altUkEntryQuals":{"items":[],"isError":false,"isReady":false},"countries":{"items":[],"isError":false,"isReady":false,"loading":false},"englishLanguageQuals":{"items":[],"isError":false,"isReady":false},"internationalBaccalaureate":{},"internationalBaccalaureateEntry":{"entry":{},"isError":false,"isReady":false}},"promoCards":{"promoEntry":{"item":null,"isError":false,"isReady":false},"eventEntry":{"item":null,"isError":false,"isReady":false},"topics":[]},"relatedCourses":{"relatedCourses":{"items":[],"isError":false,"isReady":false},"studyAbroadCourses":{"items":[],"isError":false,"isReady":false},"studyAbroadPGCourses":{"items":[],"isError":false,"isReady":false},"relatedPGCourses":{"items":[],"isError":false,"isReady":false},"topics":{}},"relatedPathways":{"relatedPathways":{"items":[],"isError":false,"isReady":false}},"listing":{"type":"","items":[],"filters":[],"pagingInfo":{},"loading":false,"isError":false,"isLoaded":false,"filtersLoaded":false,"filtersError":false,"error":null},"search":{"entries":{"pageIndex":0,"pageCount":0,"totalCount":0,"pageSize":0,"items":[]},"loadingEntries":false,"search":{"term":""},"filters":{"courses":{"level":{"key":"courseLevel","name":"Level","isArrayField":true,"hasChildren":true,"children":[{"contentTypeId":"postgraduateResearchDegree","key":"postgraduateResearch","name":"Postgraduate research","hasChildren":false,"children":[],"id":"postgraduate-research"},{"contentTypeId":"postgraduateCourse","key":"postgraduate","name":"Postgraduate taught","hasChildren":false,"children":[],"id":"postgraduate-taught"},{"contentTypeId":"undergraduateCourse","key":"undergraduate","name":"Undergraduate","hasChildren":false,"children":[],"id":"undergraduate"},{"contentTypeId":"shortCourse","key":"shortCourse","name":"Short courses","hasChildren":false,"children":[],"id":"shortCourse"}]}},"research":{"Area":{"key":"area","name":"Area","isArrayField":true,"hasChildren":true,"children":[{"contentTypeId":"postgraduateResearchDegree","key":"postgraduateResearchDegree","name":"Research degrees\u002FPhDs","hasChildren":false,"children":[],"id":"postgraduateResearchDegree"},{"contentTypeId":"researchProfile","key":"researchProfile","name":"Research profile","hasChildren":false,"children":[],"id":"research-profile"},{"contentTypeId":"researchProject","key":"researchProject","name":"Research project","hasChildren":false,"children":[],"id":"research-project"},{"contentTypeId":"researchCentre","key":"researchCentre","name":"Research centre","hasChildren":false,"children":[],"id":"research-centre"},{"contentTypeId":"facility","key":"facility","name":"Research facility","hasChildren":false,"children":[],"id":"research-facility"},{"contentTypeId":"researchCapability","key":"researchCapability","name":"Research capability","hasChildren":false,"children":[],"id":"research-capability"},{"contentTypeId":"equipment","key":"equipment","name":"Research equipment","hasChildren":false,"children":[],"id":"research-equipment"},{"contentTypeId":"spotlight","key":"spotlight","name":"Research news","hasChildren":false,"children":[],"id":"research-news"}]}},"news":{"level":{"key":"all","name":"Story type","isArrayField":true,"hasChildren":true,"children":[{"contentTypeId":"news","key":"news","name":"News","hasChildren":false,"children":[],"id":"news"},{"contentTypeId":"spotlight","key":"spotlight","name":"Spotlight","hasChildren":false,"children":[],"id":"spotlight"},{"contentTypeId":"feature","key":"feature","name":"Feature","hasChildren":false,"children":[],"id":"feature"},{"contentTypeId":"studentHubArticle","key":"studentHubArticle","name":"Student news","hasChildren":false,"children":[],"id":"studentHubArticle"}]}},"ps":{"level":{"key":"all","name":"Quick filter","isArrayField":true,"hasChildren":true,"children":[{"contentTypeId":"departmentPage","key":"departmentPage","name":"Department","hasChildren":false,"children":[],"id":"departmentPage"},{"contentTypeId":"services","key":"services","name":"Services","hasChildren":false,"children":[],"id":"services"},{"contentTypeId":"jobVacancy","key":"jobVacancy","name":"Job vacancy","hasChildren":false,"children":[],"id":"jobVacancy"},{"contentTypeId":"policy","key":"Policy","name":"University policy","hasChildren":false,"children":[],"id":"policy"},{"contentTypeId":"academicManualChapter","key":"academicManualChapter","name":"Academic manual","hasChildren":false,"children":[],"id":"academicManualChapter"},{"contentTypeId":"room","key":"room","name":"King's Venue room","hasChildren":false,"children":[],"id":"room"}]}},"all":{},"course":{},"search":{},"favicon.ico":{},"null":{},"css":{}},"quickSearch":{},"promotedEntries":{"pageIndex":0,"pageCount":0,"totalCount":0,"pageSize":0,"items":[]},"showTabList":false},"site":{"config":{"linkedInURL":"https:\u002F\u002Fwww.linkedin.com\u002Fschool\u002Fking's-college-london\u002F","twitterURL":"https:\u002F\u002Fwww.x.com\u002Fkingscollegelon","globalPageTitle":"King's College London","tikTokURL":"https:\u002F\u002Fwww.tiktok.com\u002F@kingscollegelondon","sys":{"dataFormat":"entry","contentTypeId":"siteConfiguration","language":"en-GB","id":"1a086a24-32b1-4df8-9026-02005676420f","uri":null,"versionStatus":"published"},"facebookURL":"https:\u002F\u002Fwww.facebook.com\u002Fkingscollegelondon","navigation":[{"childNavigationItems":[{"childNavigationItems":[{"childNavigationItems":[{"entryTitle":"Undergraduate guide","entryDescription":null,"entryThumbnail":null,"sys":{"id":"68dba864-aea0-4561-8099-76173482ef89","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Open days","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a5f94e55-63cf-4900-9205-f14c44585b52","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"How to apply","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ebdc4163-6c88-4047-8ba0-7220aa28ddb9","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31c08c1c-7cd6-4883-b7c4-7d7ed79a8d20","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"5338dc13-9c08-4ceb-a491-e1c66e22a1e9","uri":null,"versionStatus":"published"},"entryTitle":"Subject areas","url":"\u002Fstudy\u002Fundergraduate\u002Fsubject-areas"},{"childNavigationItems":[{"entryTitle":"Undergraduate guide","entryDescription":null,"entryThumbnail":null,"sys":{"id":"68dba864-aea0-4561-8099-76173482ef89","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Open days","entryDescription":null,"entryThumbnail":null,"sys":{"id":"cfcf584b-c9b1-439c-b262-5013d6375541","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"How to apply","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ebdc4163-6c88-4047-8ba0-7220aa28ddb9","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31c08c1c-7cd6-4883-b7c4-7d7ed79a8d20","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":{"entryTitle":"Undergraduate courses A-Z","entryDescription":"King's College London Undergraduate courses A to Z","entryThumbnail":null,"sys":{"id":"613a0691-fff6-457a-ae8b-47435cd0dbee","language":"en-GB","contentTypeId":"listingPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fundergraduate\u002Fcourses"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"9edcb54c-56c9-49fe-8dc2-bee671efeb87","uri":null,"versionStatus":"published"},"entryTitle":"Courses A-Z","url":"\u002Fstudy\u002Fundergraduate\u002Fcourses"},{"childNavigationItems":[{"entryTitle":"Release me","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c2cf1e50-b654-449b-ad2f-c48e17bab5d4","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Confirmation","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0a9e87fb-8a55-4e5d-a31d-54c83cc587ba","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":true,"page":{"entryTitle":"Clearing","entryDescription":"Clearing at King's College London.","entryThumbnail":null,"sys":{"id":"54bdb6b3-1669-41d8-ae49-7dd5c3e5801c","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fundergraduate\u002Fclearing"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"2e879099-91ec-486c-9900-1cf874520a14","uri":null,"versionStatus":"published"},"entryTitle":"Clearing","url":"\u002Fstudy\u002Fundergraduate\u002Fclearing"},{"childNavigationItems":[{"entryTitle":"Entry requirements","entryDescription":null,"entryThumbnail":null,"sys":{"id":"92cd785b-6210-4aa2-8ba4-eced9d1cf5d2","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"English language requirements","entryDescription":null,"entryThumbnail":null,"sys":{"id":"aa5a3494-4bb9-4ce7-b8e0-1c56db74b58c","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Policies and guidance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6ec9c2bb-12da-4cb1-8c3d-16d7f1352f88","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Transferring to King's","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ad4045ef-9116-401f-af19-276030ba763f","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":{"entryTitle":"How to apply: Undergraduate courses","entryDescription":"We're delighted that you're considering applying to King's. Once you've checked the information and entry requirements for your chosen course, you will need to follow the correct application procedure, depending on the type of study you're interested in.","entryThumbnail":null,"sys":{"id":"fef5a4cc-0e38-45d6-8669-c03a1fa66923","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fstudy\u002Fundergraduate\u002Fhow-to-apply"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"ebdc4163-6c88-4047-8ba0-7220aa28ddb9","uri":null,"versionStatus":"published"},"entryTitle":"How to apply","url":"\u002Fstudy\u002Fundergraduate\u002Fhow-to-apply"},{"childNavigationItems":[{"entryTitle":"Tuition fees","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3c941920-8d8c-49aa-a1e1-f2ce66c3116d","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Student funding","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8ed5e95f-5800-4c49-a45b-6536b7de33cd","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Loans and grants","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4e3664bf-6aa2-40f5-a9ab-3726a2b145bf","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Contact us","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b71ed5a3-1625-42ce-9682-ebc685028132","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":{"entryTitle":"Undergraduate fees and funding","entryDescription":"Information about undergraduate fees and funding including tuition fees, student loans and grants, and other financial help at King's College London. \n","entryThumbnail":null,"sys":{"id":"17c8addf-d090-44af-b145-9bdb630f1a43","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fundergraduate\u002Ffees-and-funding"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"60620365-5432-47ed-b8b2-900a1bdec9d5","uri":null,"versionStatus":"published"},"entryTitle":"Fees & Funding","url":"\u002Fstudy\u002Fundergraduate\u002Ffees-and-funding"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"b1944369-9f3e-4c56-bba8-e265ee274639","uri":null,"versionStatus":"published"},"entryTitle":"International","url":"\u002Fstudy\u002Finternational"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"7e3e3338-40a4-4039-8ff4-e1ab11b86b12","uri":null,"versionStatus":"published"},"entryTitle":"Accommodation","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Faccommodation"},{"childNavigationItems":[{"entryTitle":"Campus tours","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2dc4be73-8001-47f8-a220-fb543e93dbe6","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"King's student union","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c291018e-6646-4883-964f-b08465a410bc","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"King's sport","entryDescription":null,"entryThumbnail":null,"sys":{"id":"53c1149d-98f1-4dfa-8312-14a528bc5c89","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31c08c1c-7cd6-4883-b7c4-7d7ed79a8d20","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":{"entryTitle":"Student experience","entryDescription":"Discover the range of opportunities you can get involved in at King's.","entryThumbnail":null,"sys":{"id":"09eb2518-45e7-4fca-a219-0d7ce1b08695","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fstudent-experience"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"1a6fcc4e-a1a5-476f-9d13-eda073f9d3e6","uri":null,"versionStatus":"published"},"entryTitle":"Student experience","url":"\u002Fstudy\u002Fstudent-experience"},{"childNavigationItems":[{"entryTitle":"Campus tours","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2dc4be73-8001-47f8-a220-fb543e93dbe6","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Taster sessions","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9ab84cc0-ae5f-47b6-aef7-c2939e4a1b6a","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31c08c1c-7cd6-4883-b7c4-7d7ed79a8d20","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"5ba64329-2265-4009-a00e-bd86b8295ac8","uri":null,"versionStatus":"published"},"entryTitle":"Open days","url":"\u002Fstudy\u002Fundergraduate\u002Fevents\u002Fopen-days"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Contact us","entryDescription":"Connect with a King's Advisor for support and guidance on applying or about your offer at King's. ","entryThumbnail":null,"sys":{"id":"17676c88-83f2-48db-b74f-8af0c189258d","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fstudy\u002Fcontact-us"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"e1f9f3c2-85d9-435e-8e8f-40fdb0f3e777","uri":null,"versionStatus":"published"},"entryTitle":"Contact us","url":"\u002Fstudy\u002Fcontact-us"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"4ba4e6e6-728f-4a39-83ef-7af83fe6f3d5","uri":"\u002Fstudy\u002Fundergraduate","versionStatus":"published"},"entryTitle":"Undergraduate"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"4fc258fd-fb49-4700-867d-60f8d27ed13d","uri":null,"versionStatus":"published"},"entryTitle":"Undergraduate","url":"\u002Fstudy\u002Fundergraduate"},{"childNavigationItems":[{"childNavigationItems":[{"entryTitle":"Postgraduate guide","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c2682a99-238c-4265-b3f7-d7f06a1f84e7","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Postgraduate events","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6f21a077-a276-444e-8035-e383eddb82e6","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"How to apply","entryDescription":null,"entryThumbnail":null,"sys":{"id":"eb596238-f5bf-404b-a755-5ed0fb5f0241","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31c08c1c-7cd6-4883-b7c4-7d7ed79a8d20","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"bb5b6d23-2ca6-416a-94a0-d871bd87c22f","uri":null,"versionStatus":"published"},"entryTitle":"Subject areas","url":"\u002Fstudy\u002Fpostgraduate-taught\u002Fsubject-areas"},{"childNavigationItems":[{"entryTitle":"Postgraduate guide","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c2682a99-238c-4265-b3f7-d7f06a1f84e7","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Postgraduate events","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6f21a077-a276-444e-8035-e383eddb82e6","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"How to apply","entryDescription":null,"entryThumbnail":null,"sys":{"id":"eb596238-f5bf-404b-a755-5ed0fb5f0241","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31c08c1c-7cd6-4883-b7c4-7d7ed79a8d20","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"4b5ac49f-70f2-4bc1-b031-a374ee89bfb0","uri":null,"versionStatus":"published"},"entryTitle":"Courses A-Z","url":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses"},{"childNavigationItems":[{"entryTitle":"Entry requirements","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d37a4bb-f8c8-46f3-8baa-ea8d287f9a95","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"English language requirements","entryDescription":null,"entryThumbnail":null,"sys":{"id":"1c0891f5-1347-4b7c-a884-c67ef5d85953","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Policies and guidance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"46a37d1c-330f-4ec8-ae3c-fe94ee08f805","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"eb596238-f5bf-404b-a755-5ed0fb5f0241","uri":null,"versionStatus":"published"},"entryTitle":"How to apply","url":"\u002Fstudy\u002Fpostgraduate-taught\u002Fhow-to-apply"},{"childNavigationItems":[{"entryTitle":"Tuition fees","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c9c6a750-7efc-4031-8c99-e584e0e9dc03","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Student funding","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e9d61a75-a5e3-4f5a-a6b9-302d7c745173","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Contact us","entryDescription":null,"entryThumbnail":null,"sys":{"id":"03bb9b6a-002d-40be-beaa-7d0a5bdd6ea7","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"32642712-a960-49cf-9cdf-8ce22718f042","uri":null,"versionStatus":"published"},"entryTitle":"Fees & Funding","url":"\u002Fstudy\u002Fpostgraduate-taught\u002Ffees-and-funding"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"b1944369-9f3e-4c56-bba8-e265ee274639","uri":null,"versionStatus":"published"},"entryTitle":"International","url":"\u002Fstudy\u002Finternational"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"d0e7e84f-9943-4839-8c3d-e4ae195d731e","uri":null,"versionStatus":"published"},"entryTitle":"Accommodation","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Faccommodation"},{"childNavigationItems":[{"entryTitle":"Campus tours","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2dc4be73-8001-47f8-a220-fb543e93dbe6","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"King's student union","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c291018e-6646-4883-964f-b08465a410bc","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"King's sport","entryDescription":null,"entryThumbnail":null,"sys":{"id":"53c1149d-98f1-4dfa-8312-14a528bc5c89","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31c08c1c-7cd6-4883-b7c4-7d7ed79a8d20","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":{"entryTitle":"Student experience","entryDescription":"Discover the range of opportunities you can get involved in at King's.","entryThumbnail":null,"sys":{"id":"09eb2518-45e7-4fca-a219-0d7ce1b08695","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fstudent-experience"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"1a6fcc4e-a1a5-476f-9d13-eda073f9d3e6","uri":null,"versionStatus":"published"},"entryTitle":"Student experience","url":"\u002Fstudy\u002Fstudent-experience"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"6f21a077-a276-444e-8035-e383eddb82e6","uri":null,"versionStatus":"published"},"entryTitle":"Postgraduate events","url":"\u002Fstudy\u002Fpostgraduate-taught\u002Fevents "},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Contact us","entryDescription":"Connect with a King's Advisor for support and guidance on applying or about your offer at King's. ","entryThumbnail":null,"sys":{"id":"17676c88-83f2-48db-b74f-8af0c189258d","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fstudy\u002Fcontact-us"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"e1f9f3c2-85d9-435e-8e8f-40fdb0f3e777","uri":null,"versionStatus":"published"},"entryTitle":"Contact us","url":"\u002Fstudy\u002Fcontact-us"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"f2a4b17e-eaef-4875-9f78-8280d843fd39","uri":"\u002Fstudy\u002Fpostgraduate-taught","versionStatus":"published"},"entryTitle":"Postgraduate taught"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"66762abc-e88a-4e66-a352-e5885a28f31d","uri":null,"versionStatus":"published"},"entryTitle":"Postgraduate taught","url":"\u002Fstudy\u002Fpostgraduate-taught"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"d122d8f5-5f4e-4279-87a7-0e8d8ce219ff","uri":"\u002Fstudy\u002Fpostgraduate-research","versionStatus":"published"},"entryTitle":"Postgraduate research"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"e396a08b-1cd7-4723-bfef-f99b5470b67b","uri":null,"versionStatus":"published"},"entryTitle":"Postgraduate Research","url":"\u002Fstudy\u002Fpostgraduate-research"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"43160369-f700-4a08-8566-51c0dededf88","uri":null,"versionStatus":"published"},"entryTitle":"International","url":"\u002Fstudy\u002Finternational"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"2977e6d4-b0a1-48f7-9c24-79488507ff94","uri":null,"versionStatus":"published"},"entryTitle":"Study Abroad","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-legacy\u002Fabroad"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"9dd660d7-e506-4984-9900-62ffb3195567","uri":null,"versionStatus":"published"},"entryTitle":"International Foundation","url":"\u002Finternational-foundation"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"f630048b-479c-4654-b282-09389dd175a6","uri":null,"versionStatus":"published"},"entryTitle":"Language Centre","url":"\u002Flanguage-centre"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"3b0c8bdc-871e-45ab-993d-3ef37513d83e","uri":null,"versionStatus":"published"},"entryTitle":"Short courses","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fprospectus\u002Fshortcourses\u002F"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"f52a2204-79a6-4fec-8cde-09fdb772aa36","uri":null,"versionStatus":"published"},"entryTitle":"Executive Education","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-legacy\u002Fexecutive-education\u002Fkings-professional-and-executive-development"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"84e2c81e-97b1-423c-a202-bd530d5b0cfb","uri":"\u002Fstudy\u002Fsummer\u002Fsummer-at-kings","versionStatus":"published"},"entryTitle":"Summer and Winter Programmes","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fsummer"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"d0e7e84f-9943-4839-8c3d-e4ae195d731e","uri":null,"versionStatus":"published"},"entryTitle":"Accommodation","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Faccommodation"},{"childNavigationItems":[{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Starting your studies at King's","entryDescription":"Key information to help you prepare for studying at university. ","entryThumbnail":null,"sys":{"id":"eb08a575-31e8-4ecc-a75a-16949c68179a","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fnew-students\u002Fstarting-your-studies-at-kings"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"23a059be-3395-483f-bd1a-42708c404c4d","uri":null,"versionStatus":"published"},"entryTitle":"Starting your studies at King’s","url":"\u002Fnew-students\u002Fstarting-your-studies-at-kings"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"931e474d-7153-464f-99e3-6c61fec7f126","uri":null,"versionStatus":"published"},"entryTitle":"Study","url":"\u002Fstudy"}],"hideFromNavigation":true,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"09eb2518-45e7-4fca-a219-0d7ce1b08695","uri":"\u002Fstudy\u002Fstudent-experience","versionStatus":"published"},"entryTitle":"Student experience"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"ea0bd395-2ddb-41a2-868b-8589b41ea194","uri":null,"versionStatus":"published"},"entryTitle":"Student Experience","url":" \u002Fstudent-experience"},{"childNavigationItems":[{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"6ccc631c-47dd-4d3e-9377-1735c7edadaf","uri":null,"versionStatus":"published"},"entryTitle":"Projects for students","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fsocial-mobility\u002Fprojects"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Student Supporters","entryDescription":"King's Social Mobility & Widening Participation or partners activities for adult supporters of children attending non-selective state schools, including parents, carers, guardians, teachers, and social workers.","entryThumbnail":null,"sys":{"id":"bcf93267-298b-45c4-b967-36889210bc8b","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fsocial-mobility\u002Fstudent-supporters"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"981a5508-f465-4ab4-bb9b-caa8e5408651","uri":null,"versionStatus":"published"},"entryTitle":"Student supporters","url":"\u002Fstudy\u002Fsocial-mobility\u002Fstudent-supporters"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Who we work with","entryDescription":"Who the Widening Participation team work with.","entryThumbnail":null,"sys":{"id":"7ffc21b9-d5e4-4972-8fd8-24575f2aa8ab","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fsocial-mobility\u002Fwho-we-work-with"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"8584ce49-712b-4654-85f6-8fe0e673f357","uri":null,"versionStatus":"published"},"entryTitle":"Who we work with","url":"\u002Fstudy\u002Fsocial-mobility\u002Fwho-we-work-with"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Meet the Social Mobility teams","entryDescription":"Meet the teams within the Social Mobility Department.","entryThumbnail":null,"sys":{"id":"5af0cc99-be68-4259-8d05-157efd0ad735","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fstudy\u002Fsocial-mobility\u002Fmeet-the-teams"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"128a62cc-1b57-47ec-a474-96ca65921165","uri":null,"versionStatus":"published"},"entryTitle":"Contact us","url":"\u002Fstudy\u002Fsocial-mobility\u002Fmeet-the-teams"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"e2873391-aebc-4090-98f1-09e724694976","uri":"\u002Fstudy\u002Fsocial-mobility","versionStatus":"published"},"entryTitle":"Social Mobility at King's"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"7fd46955-991b-41fd-b06a-b850cc1ca52b","uri":null,"versionStatus":"published"},"entryTitle":"Social Mobility","url":"\u002Fstudy\u002Fsocial-mobility"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"da421a64-8f89-4637-9b9a-d02c0ca77577","uri":null,"versionStatus":"published"},"entryTitle":"Visit King's","url":"\u002Fvisit"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"53b55f5d-b28b-4655-b8db-a5b5c81d5fe5","uri":"\u002Fstudy\u002Fhome","versionStatus":"published"},"entryTitle":"Study"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"bfbe9934-616e-421f-a7f4-63d386c4784a","uri":null,"versionStatus":"published"},"entryTitle":"Study","url":"\u002Fstudy\u002Fhome"},{"childNavigationItems":[{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"0d823ad3-9456-4370-89b8-3d6635e94cf4","uri":null,"versionStatus":"published"},"entryTitle":"Academic Calendar","url":"https:\u002F\u002Fself-service.kcl.ac.uk\u002Farticle\u002FKA-01913\u002Fen-us"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"5c4672b2-9b75-4643-86c1-29f8053fe613","uri":null,"versionStatus":"published"},"entryTitle":"King’s Sport","url":"https:\u002F\u002Fkcl.ac.uk\u002Fsport"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"1df2b71c-bf7c-4c69-95b0-e8666815390b","uri":null,"versionStatus":"published"},"entryTitle":"Libraries & Collections","url":"\u002Flibrary"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"30be4b0a-a80f-4b70-8032-f563bc44eee0","uri":null,"versionStatus":"published"},"entryTitle":"Student's Union","url":"https:\u002F\u002Fwww.kclsu.org"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"5d8ec0b8-bde8-49e0-b850-3b623b9faaf1","uri":null,"versionStatus":"published"},"entryTitle":"Careers","url":"\u002Fcareers"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"f630048b-479c-4654-b282-09389dd175a6","uri":null,"versionStatus":"published"},"entryTitle":"Language Centre","url":"\u002Flanguage-centre"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"d67dc44b-12f8-463e-8ea8-727b00ddecbe","uri":null,"versionStatus":"published"},"entryTitle":"King’s IT","url":"\u002Fit"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"cad3f4e4-c0f0-4302-a8b1-e3c8c6c708fa","uri":null,"versionStatus":"published"},"entryTitle":"Student Services Online","url":"https:\u002F\u002Fself-service.kcl.ac.uk\u002F"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"contentPageGeneric","language":"en-GB","id":"4bc1d3cb-a379-46b5-bd8a-a785666c49a9","uri":"\u002Fstudent-life\u002Fwellbeing","versionStatus":"published"},"entryTitle":"Student Wellbeing"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"3c518bf4-5630-4c9d-b122-d57992c71225","uri":null,"versionStatus":"published"},"entryTitle":"Mental health and wellbeing","url":"\u002Fstudent-life\u002Fwellbeing"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"90a398f7-e3ab-46b8-9572-b72230a7661a","uri":null,"versionStatus":"published"},"entryTitle":"Student news","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudents\u002Fnews"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"b9869945-4ed4-4e39-97a8-1339b57eb82b","uri":"\u002Fstudent-life","versionStatus":"published"},"entryTitle":"Student life"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"b7ba7108-f1eb-4490-af1b-23def95c63cc","uri":"\u002Fcampuslife","versionStatus":"published"},"entryTitle":"Student Services","url":"\u002Fstudent-life"},{"childNavigationItems":[{"childNavigationItems":[{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Sustainable research and innovation excellence","entryDescription":"Our vision is to deliver research to inform and innovate","entryThumbnail":null,"sys":{"id":"f4ed1a89-328c-4311-946f-ec087f4b020b","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fresearch\u002Fexplore\u002Fresearch-strategy"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"fd06e657-81dc-4bf1-a5bd-4d241145681e","uri":null,"versionStatus":"published"},"entryTitle":"Research strategy","url":"\u002Fresearch\u002Fexplore\u002Fresearch-strategy"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"King’s Research Portal","entryDescription":"The King’s Research Portal showcases the breadth and diversity of King’s research, from researcher biographies and research group profiles to funding details and research outputs such as published books and peer-reviewed journal articles. The data for the Portal is drawn from Pure, our Research Information System","entryThumbnail":null,"sys":{"id":"cf6e83e0-e10b-4dea-a1aa-8ac5557c1bdc","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fresearch\u002Fexplore\u002Fkings-research-portal"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"0e88828a-4f34-42df-be6e-900ed91c3881","uri":null,"versionStatus":"published"},"entryTitle":"King’s Research Portal","url":"\u002Fresearch\u002Fexplore\u002Fkings-research-portal"},{"childNavigationItems":[],"hideFromNavigation":true,"page":{"entryTitle":"Research Centres","entryDescription":"King's Research Centres","entryThumbnail":null,"sys":{"id":"86768b81-e385-4fb4-a8f1-70fc32641b2f","language":"en-GB","contentTypeId":"listingPage","dataFormat":"entry","uri":"\u002Fresearch\u002Fexplore\u002Fresearch-centres"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"356d5b76-5e0f-4d57-aa80-3f0b0954955d","uri":null,"versionStatus":"published"},"entryTitle":"Research centres","url":"\u002Fresearch\u002Fexplore\u002Fresearch-centres"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Multidisciplinary research at King’s","entryDescription":"Research across King's ","entryThumbnail":null,"sys":{"id":"3d5b4481-d802-4b6d-baf8-d535413a128a","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fresearch\u002Fmultidisciplinary"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"67799a7e-693e-4796-a8f1-405f88d80569","uri":null,"versionStatus":"published"},"entryTitle":"Multidisciplinary research","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fmultidisciplinary"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"d517d802-c9d9-4501-9a63-b98879fe141d","uri":"\u002Fresearch\u002Fexplore","versionStatus":"published"},"entryTitle":"Explore Research"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"37d59858-e0d8-49eb-b99b-6eefd8695ff2","uri":null,"versionStatus":"published"},"entryTitle":"Explore","url":"\u002Fresearch\u002Fexplore"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"0096da11-76ab-4de0-8173-d3a926705eb4","uri":null,"versionStatus":"published"},"entryTitle":"Impact","url":"\u002Fresearch\u002Fimpact"},{"childNavigationItems":[{"childNavigationItems":[{"entryTitle":"Research Environment","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0d741d5f-9634-4b1b-97e5-cae73a444385","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Research culture","entryDescription":null,"entryThumbnail":null,"sys":{"id":"53262d40-4803-4d06-8d51-5ff6af096594","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Governance, Ethics & Integrity","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9654241c-0e94-415c-ae40-deda257d4691","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Policy","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e92de14e-e679-47f7-91db-89834fe96f34","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Professional development","entryDescription":null,"entryThumbnail":null,"sys":{"id":"81154551-737d-4d26-89ca-6c4d2beb9c59","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Developing proposals","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0dc947c7-378e-4518-a9df-280d616caccd","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Managing research","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9f0d14d9-2d80-4bb6-a5b8-f059b7d6d6f8","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":{"entryTitle":"Research Environment","entryDescription":"World-class research support services","entryThumbnail":null,"sys":{"id":"45aa226e-d685-4f8b-b2c4-f723232ac729","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fresearch\u002Fresearch-environment"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"0d741d5f-9634-4b1b-97e5-cae73a444385","uri":null,"versionStatus":"published"},"entryTitle":"Research Environment","url":"\u002Fresearch\u002Fresearch-environment"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Research Culture","entryDescription":"Empowering our research community","entryThumbnail":null,"sys":{"id":"1a78c3e1-decd-494e-bd47-c2c3805739ac","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fresearch\u002Fresearch-culture"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"53262d40-4803-4d06-8d51-5ff6af096594","uri":null,"versionStatus":"published"},"entryTitle":"Research culture","url":"\u002Fresearch\u002Fresearch-culture"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"9654241c-0e94-415c-ae40-deda257d4691","uri":null,"versionStatus":"published"},"entryTitle":"Governance, Ethics & Integrity","url":"\u002Fresearch\u002Fresearch-environment\u002Frgei"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"e92de14e-e679-47f7-91db-89834fe96f34","uri":null,"versionStatus":"published"},"entryTitle":"Policy","url":"\u002Fresearch\u002Fresearch-environment\u002Fpolicy-governance"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"81154551-737d-4d26-89ca-6c4d2beb9c59","uri":null,"versionStatus":"published"},"entryTitle":"Professional development","url":"\u002Fresearch\u002Fresearch-environment\u002Fprofessional-development"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"0dc947c7-378e-4518-a9df-280d616caccd","uri":null,"versionStatus":"published"},"entryTitle":"Developing proposals","url":"\u002Fresearch\u002Fresearch-environment\u002Fdeveloping-research-proposals"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"9f0d14d9-2d80-4bb6-a5b8-f059b7d6d6f8","uri":null,"versionStatus":"published"},"entryTitle":"Managing research","url":"\u002Fresearch\u002Fresearch-environment\u002Fmanaging-kings-research"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"45aa226e-d685-4f8b-b2c4-f723232ac729","uri":"\u002Fresearch\u002Fresearch-environment","versionStatus":"published"},"entryTitle":"Research Environment"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"0d741d5f-9634-4b1b-97e5-cae73a444385","uri":null,"versionStatus":"published"},"entryTitle":"Research Environment","url":"\u002Fresearch\u002Fresearch-environment"},{"childNavigationItems":[{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Applying for funding","entryDescription":"King's College London provides a complete Pre and Post Award support service to all researchers applying for research funding or negotiating contract-funded research. ","entryThumbnail":null,"sys":{"id":"add89634-a985-4f58-822d-05680462c904","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fresearch\u002Ffunding\u002Fapplications"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"ee9a7f42-17fa-4a93-acbd-b577c8e39ee9","uri":null,"versionStatus":"published"},"entryTitle":"Applying","url":"\u002Fresearch\u002Ffunding\u002Fapplications"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"d068e283-2d45-40e5-80da-a14270e219f3","uri":null,"versionStatus":"published"},"entryTitle":"Doctoral opportunities","url":"\u002Fresearch\u002Ffunding\u002Fdoctoral-opportunities-funding"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"6118f6f0-7065-4009-81ce-5fa471fab040","uri":null,"versionStatus":"published"},"entryTitle":"Training & partnerships","url":"\u002Fresearch\u002Ffunding\u002Fdoctoral-training-centres-partnerships"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"87c96326-bde9-4c2e-9ef1-5e4c209d57cc","uri":null,"versionStatus":"published"},"entryTitle":"Studentships","url":"\u002Fresearch\u002Ffunding\u002Fastar-phd-studentships"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"22142970-1c56-4e45-be88-2a019842dc79","uri":null,"versionStatus":"published"},"entryTitle":"Fellowships","url":"\u002Fresearch\u002Ffunding\u002Ffellowships-for-early-career-researchers"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"c013a0f8-3445-4770-9b00-711b29804a2a","uri":null,"versionStatus":"published"},"entryTitle":"Vacation scholarships","url":"\u002Fresearch\u002Ffunding\u002Fvacation-scholarships-across-kings-college-london"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"09e03cc2-028b-41e4-8684-6ef6ce51bb73","uri":null,"versionStatus":"published"},"entryTitle":"Wellcome Trust scholarships","url":"\u002Fresearch\u002Ffunding\u002Fwellcome-trust-biomedical-vacation-scholarships"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"0424c74d-1cda-4f3d-bfd9-25074d570e91","uri":null,"versionStatus":"published"},"entryTitle":"Seed funding","url":"\u002Fresearch\u002Ffunding\u002Fseedfund"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"b41b99fe-9c45-44bb-9e6c-ee96a4766806","uri":"\u002Fresearch\u002Ffunding","versionStatus":"published"},"entryTitle":"Research funding opportunities"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"1eadffdc-6ce6-48c7-9052-acfc876c4d49","uri":null,"versionStatus":"published"},"entryTitle":"Funding","url":"\u002Fresearch\u002Ffunding"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"03031b0c-8842-4424-8be8-8a1938bb1c41","uri":"\u002Fresearch\u002Ffacilities","versionStatus":"published"},"entryTitle":"Research facilities"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"97a3ea40-2b6e-4d21-8916-557d659a4078","uri":null,"versionStatus":"published"},"entryTitle":"Facilities","url":"\u002Fresearch\u002Ffacilities"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"39afd336-097f-4dda-973e-935cb5478d5e","uri":null,"versionStatus":"published"},"entryTitle":"Collaborate with King's","url":"\u002Fresearch\u002Fwork-with-kings"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"f2dd579b-7320-4370-b7a9-7eb689328bd4","uri":null,"versionStatus":"published"},"entryTitle":"King's Health Partners","url":"https:\u002F\u002Fwww.kingshealthpartners.org\u002F"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"contentPageGeneric","language":"en-GB","id":"98520ac5-fbb3-486c-9ff5-7c8f7080793f","uri":"\u002Fdoctoralcollege","versionStatus":"published"},"entryTitle":"King’s Doctoral College"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"5d03ca3e-a55a-4a18-a0ca-608615d92b1c","uri":null,"versionStatus":"published"},"entryTitle":"King's Doctoral College","url":"\u002Fdoctoralcollege"}],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"8438fcde-526a-4160-9865-d6c753b37e60","uri":"\u002Fresearch\u002Fhome","versionStatus":"published"},"entryTitle":"King's Research homepage"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"36fd05c8-4c24-42e2-abcf-5125fd505e2d","uri":"\u002Fresearch","versionStatus":"published"},"entryTitle":"Research & Innovation","url":null},{"childNavigationItems":[{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"70614eb1-d6a9-4223-92ec-aeca1eb60fa7","uri":null,"versionStatus":"published"},"entryTitle":"Arts & Humanities","url":"\u002Fartshums"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"b2319d18-18a7-45bd-b952-2e8c17a7feac","uri":null,"versionStatus":"published"},"entryTitle":"Law","url":"\u002Flaw"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"02ec5182-a098-4cd8-a66d-e7a82612c0d0","uri":null,"versionStatus":"published"},"entryTitle":"Nursing, Midwifery & Palliative Care","url":"\u002Fnmpc"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"1b97ad52-9d66-44da-abcd-c3ae8eef20b8","uri":null,"versionStatus":"published"},"entryTitle":"Business","url":"\u002Fbusiness"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"83635a51-f9be-4f6e-8aad-c8b39cbb0934","uri":null,"versionStatus":"published"},"entryTitle":"Life Sciences & Medicine","url":"\u002Flsm"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"3040ae4b-0ae3-462b-a337-3d3853cc31e8","uri":null,"versionStatus":"published"},"entryTitle":"Psychiatry, Psychology & Neuroscience","url":"\u002Fioppn"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"113433bf-397a-4988-86e8-e4e49510e310","uri":null,"versionStatus":"published"},"entryTitle":"Natural, Mathematical & Engineering Sciences","url":"\u002Fnmes"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"c2f07068-3940-46f8-80bd-074a1c875500","uri":null,"versionStatus":"published"},"entryTitle":"Dentistry, Oral & Craniofacial Sciences","url":"\u002Fdentistry"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"09c41a38-68c1-4508-a568-6108849a8f44","uri":null,"versionStatus":"published"},"entryTitle":"Social Sciences & Public Policy","url":"\u002Fsspp"}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"65fa36c4-354c-43ac-8cf0-7f24331ce7fe","uri":"\u002Ffaculties-departments","versionStatus":"published"},"entryTitle":"Our faculties","url":"\u002Ffaculties-departments"},{"childNavigationItems":[{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"afbc605b-4e49-4d9d-a337-fedb29aeccbe","uri":null,"versionStatus":"published"},"entryTitle":"History","url":"\u002Fabout\u002Fhistory"},{"childNavigationItems":[{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"a1f37c8b-807a-428f-9872-d557af504f27","uri":null,"versionStatus":"published"},"entryTitle":"Learning & teaching","url":"\u002Fabout\u002Fstrategy\u002Flearning-and-teaching"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"entryTitle":"Teaching Excellence Framework","entryDescription":"The Teaching Excellence & Student Outcomes Framework (TEF).","entryThumbnail":null,"sys":{"id":"09fb45cd-7323-4192-9e95-056cb78c3c39","language":"en-GB","contentTypeId":"contentPageGeneric","dataFormat":"entry","uri":"\u002Fabout\u002Fstrategy\u002Flearning-and-teaching\u002Ftef"}},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"c3f6b67a-3e30-45c7-80f6-06d3376478e7","uri":null,"versionStatus":"published"},"entryTitle":"Teaching Excellence Framework","url":"\u002Fabout\u002Fstrategy\u002Flearning-and-teaching\u002Ftef"}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"22074767-71e5-44cb-8527-2d4e8ef06eb0","uri":null,"versionStatus":"published"},"entryTitle":"Strategy","url":"\u002Fabout\u002Fstrategy"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"483097d2-4373-43ba-8883-7e53f1c276e2","uri":null,"versionStatus":"published"},"entryTitle":"Learning & Teaching","url":"\u002Fabout\u002Fstrategy\u002Flearning-and-teaching"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"ef94651c-3595-418f-b140-820889bef040","uri":null,"versionStatus":"published"},"entryTitle":"People","url":"https:\u002F\u002Fkcl.ac.uk\u002Fabout\u002Four-people"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"975cff3c-46c1-40a7-9b2f-a8da7a81b558","uri":null,"versionStatus":"published"},"entryTitle":"Work at King's","url":"\u002Fjobs"},{"childNavigationItems":[{"childNavigationItems":[{"entryTitle":"Partnerships","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4ef0b1df-8633-4378-8ec1-6b11fa1132f0","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Local partnerships","entryDescription":null,"entryThumbnail":null,"sys":{"id":"838ce7cb-b36c-4e94-a4b1-a7130fc7ca33","language":"en-GB","contentTypeId":"externalLink","dataFormat":"entry","uri":null}}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"4ef0b1df-8633-4378-8ec1-6b11fa1132f0","uri":null,"versionStatus":"published"},"entryTitle":"Partnerships","url":"\u002Fabout\u002Fpartnerships"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"838ce7cb-b36c-4e94-a4b1-a7130fc7ca33","uri":null,"versionStatus":"published"},"entryTitle":"Local partnerships","url":"\u002Fabout\u002Fpartnerships\u002Flocal"}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"4ef0b1df-8633-4378-8ec1-6b11fa1132f0","uri":null,"versionStatus":"published"},"entryTitle":"Partnerships","url":"\u002Fabout\u002Fpartnerships"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"d39bb79b-8e90-43f1-a204-a73f6f0bceba","uri":null,"versionStatus":"published"},"entryTitle":"Governance, policies & procedures","url":"\u002Fabout\u002Fgovernance-policies-and-procedures"},{"childNavigationItems":[],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"d7979ac7-ddf4-4f76-aa8e-e0654dd4a2e5","uri":null,"versionStatus":"published"},"entryTitle":"Professional & Support Services","url":"\u002Fprofessional-services"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"1468fb8b-2386-48a2-acab-121ab8cf8f4c","uri":null,"versionStatus":"published"},"entryTitle":"Diversity & Inclusion","url":"\u002Fabout\u002Fgovernance-policies-and-procedures\u002Fdiversity-inclusivity"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"736a9f79-3786-4aaf-aeb1-4528172e6099","uri":null,"versionStatus":"published"},"entryTitle":"Financial information","url":"\u002Faboutkings\u002Fgovernance-policies-and-procedures\u002Ffinancial-information"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"8c34bb70-6541-4cce-ad81-1f5f88eb1743","uri":null,"versionStatus":"published"},"entryTitle":"King’s Impact","url":"\u002Fimpact"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"f1efa937-f606-4ee8-887f-93b645e09aa5","uri":null,"versionStatus":"published"},"entryTitle":"King's Venues","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fkingsvenues"}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"9cde7764-7c42-441d-babb-270b82e2b077","uri":null,"versionStatus":"published"},"entryTitle":"About","url":"\u002Fabout"},{"childNavigationItems":[{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"eb08a575-31e8-4ecc-a75a-16949c68179a","uri":"\u002Fnew-students\u002Fstarting-your-studies-at-kings","versionStatus":"published"},"entryTitle":"Starting your studies at King's"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"23a059be-3395-483f-bd1a-42708c404c4d","uri":null,"versionStatus":"published"},"entryTitle":"Starting your studies at King’s","url":"\u002Fnew-students\u002Fstarting-your-studies-at-kings"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"931e474d-7153-464f-99e3-6c61fec7f126","uri":null,"versionStatus":"published"},"entryTitle":"Study","url":"\u002Fstudy"}],"hideFromNavigation":true,"page":{"sys":{"dataFormat":"entry","contentTypeId":"hubPage","language":"en-GB","id":"09eb2518-45e7-4fca-a219-0d7ce1b08695","uri":"\u002Fstudy\u002Fstudent-experience","versionStatus":"published"},"entryTitle":"Student experience"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"ea0bd395-2ddb-41a2-868b-8589b41ea194","uri":null,"versionStatus":"published"},"entryTitle":"Student Experience","url":" \u002Fstudent-experience"}],"footerLinks":[{"childNavigationItems":[{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"7289f7fe-4b9e-4c8d-ba91-81d8f5a6e560","uri":null,"versionStatus":"published"},"entryTitle":"Degree courses","url":"\u002Fstudy\u002Fundergraduate"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"8b630c17-7c53-49c2-8bae-a66c280fbe96","uri":null,"versionStatus":"published"},"entryTitle":"Postgraduate taught","url":"\u002Fstudy\u002Fpostgraduate-taught"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"ca2e43cb-19e3-43a5-a3ba-48ee133474e1","uri":null,"versionStatus":"published"},"entryTitle":"Postgraduate research","url":"\u002Fstudy\u002Fpostgraduate-research"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"43160369-f700-4a08-8566-51c0dededf88","uri":null,"versionStatus":"published"},"entryTitle":"International","url":"\u002Fstudy\u002Finternational"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"ebd1e61c-8f48-4353-8151-1ce198335f7d","uri":null,"versionStatus":"published"},"entryTitle":"Summer schools","url":"\u002Fsummer"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"7d402794-4e0e-4b27-9667-8a319c6b4a0f","uri":null,"versionStatus":"published"},"entryTitle":"Student experience","url":"\u002Fstudent-experience"}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"a0565957-8958-4eb7-8985-766baf10fe46","uri":null,"versionStatus":"published"},"entryTitle":"Study","url":null},{"childNavigationItems":[{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"ed48e8e4-6a54-485e-a2b1-3e979bd7d1f2","uri":null,"versionStatus":"published"},"entryTitle":"New students","url":"\u002Fnew-students"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"fcbe21aa-8e0e-451e-ae43-de5ce7ff62e6","uri":null,"versionStatus":"published"},"entryTitle":"Current students","url":"\u002Fstudents"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"7c69e307-519f-4a20-94dc-6428f1972775","uri":null,"versionStatus":"published"},"entryTitle":"Staff","url":"https:\u002F\u002Finternal.kcl.ac.uk"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"0f092d22-3879-4f4d-a2cd-b8c7c6ff0391","uri":null,"versionStatus":"published"},"entryTitle":"Alumni","url":"\u002Falumni"}],"hideFromNavigation":null,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"153492c2-3d80-4bb8-8834-dfc179486f83","uri":null,"versionStatus":"published"},"entryTitle":"Information for","url":null},{"childNavigationItems":[{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"c5aecc35-e013-47dd-99a1-5a82a9add945","uri":null,"versionStatus":"published"},"entryTitle":"Student services","url":"https:\u002F\u002Fself-service.kcl.ac.uk\u002F"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"d0e7e84f-9943-4839-8c3d-e4ae195d731e","uri":null,"versionStatus":"published"},"entryTitle":"Accommodation","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Faccommodation"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"81f3607c-755d-4b47-bf14-5141693f0888","uri":"\u002Fstudy\u002Flibrary-collections","versionStatus":"published"},"entryTitle":"Libraries & Collections","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Flibrary"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"d67dc44b-12f8-463e-8ea8-727b00ddecbe","uri":null,"versionStatus":"published"},"entryTitle":"King’s IT","url":"\u002Fit"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"0d823ad3-9456-4370-89b8-3d6635e94cf4","uri":null,"versionStatus":"published"},"entryTitle":"Academic Calendar","url":"https:\u002F\u002Fself-service.kcl.ac.uk\u002Farticle\u002FKA-01913\u002Fen-us"}],"hideFromNavigation":false,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"d7ac1335-5448-459f-b58b-c25252694e0e","uri":null,"versionStatus":"published"},"entryTitle":"Facilities","url":null},{"childNavigationItems":[{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"18cf6c53-ffb1-4c7c-939e-a8b2917c0dc0","uri":null,"versionStatus":"published"},"entryTitle":"News Centre","url":"\u002Fnews"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"5759aa66-2c47-498a-9f77-9d64b0839d17","uri":null,"versionStatus":"published"},"entryTitle":"Events","url":"\u002Fevents"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"30be4b0a-a80f-4b70-8032-f563bc44eee0","uri":null,"versionStatus":"published"},"entryTitle":"Student's Union","url":"https:\u002F\u002Fwww.kclsu.org"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"da421a64-8f89-4637-9b9a-d02c0ca77577","uri":null,"versionStatus":"published"},"entryTitle":"Visit King's","url":"\u002Fvisit"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"975cff3c-46c1-40a7-9b2f-a8da7a81b558","uri":null,"versionStatus":"published"},"entryTitle":"Work at King's","url":"\u002Fjobs"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"bff7ff32-6361-4450-8aaa-7497a4fecdcc","uri":null,"versionStatus":"published"},"entryTitle":"King's community","url":"\u002Faboutkings"}],"hideFromNavigation":null,"page":null,"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"3a9b6949-46de-4e94-a434-c821f659d377","uri":null,"versionStatus":"published"},"entryTitle":"Discover King's","url":null}],"footerBottomLinks":[{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"contentPageGeneric","language":"en-GB","id":"7e0eeb30-58cd-43f3-ae7e-c8f2f2f873af","uri":null,"versionStatus":"published"},"entryTitle":"Terms and Conditions of use"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"e9e8d4f0-30de-4630-8812-194512f78b6b","uri":"\u002Fterms","versionStatus":"published"},"entryTitle":"Terms & conditions","url":"\u002Fterms"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"policy","language":"en-GB","id":"492d2aaf-5244-4d8e-81bc-da9ab61b5ba3","uri":"\u002Fpolicyhub\u002Fmodern-slavery-act-transparency-statement","versionStatus":"published"},"entryTitle":"Modern Slavery Act Transparency Statement"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"c7c79b71-db87-49be-b98a-0cafadc8bf25","uri":null,"versionStatus":"published"},"entryTitle":"Modern Slavery Act Transparency Statement","url":"\u002Fpolicyhub\u002Fmodern-slavery-act-transparency-statement"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"38980752-98a2-481c-ab4f-66df3949adf2","uri":null,"versionStatus":"published"},"entryTitle":"Privacy policy","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fterms\u002Fprivacy\u002F"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"contentPageGeneric","language":"en-GB","id":"a34be932-e409-4469-b7a4-1a9231e279f1","uri":"\u002Fsitehelp\u002Fsite-help2","versionStatus":"published"},"entryTitle":"Site help"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"d61cf247-2b4d-4d83-a4c6-a86753a57139","uri":"\u002Fsitehelp","versionStatus":"published"},"entryTitle":"Site help","url":"\u002Fsitehelp"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"dataFormat":"entry","contentTypeId":"contentPageGeneric","language":"en-GB","id":"efc69350-768f-4f87-a9e5-0480e922ff80","uri":"\u002Fsitehelp\u002Fstatement-website","versionStatus":"published"},"entryTitle":"Accessibility statement for King’s College London website"},"sys":{"dataFormat":"entry","contentTypeId":"navigationItem","language":"en-GB","id":"1a800c99-b7bb-49e9-9f57-1e0776e30b0f","uri":"\u002Fsitehelp\u002Faccessibility","versionStatus":"published"},"entryTitle":"Accessibility","url":"\u002Fsitehelp\u002Faccessibility"},{"hideFromNavigation":null,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"262e23b4-725c-4ed5-b284-f22b2012ed26","uri":"\u002Fsitemap","versionStatus":"published"},"entryTitle":"Sitemap","url":"\u002Fsitemap"},{"hideFromNavigation":false,"sys":{"dataFormat":"entry","contentTypeId":"externalLink","language":"en-GB","id":"49c622ca-79cf-4076-b6cb-a7f67864c72c","uri":"\u002Fsitehelp\u002Fcookie","versionStatus":"published"},"entryTitle":"Cookies","url":"\u002Fsitehelp\u002Fcookie"}],"instagramURL":"https:\u002F\u002Fwww.instagram.com\u002Flifeatkings","multitieredSections":["study"],"entryTitle":"Global site configuration","youTubeURL":"https:\u002F\u002Fwww.youtube.com\u002Fkingscollegelondon"},"isError":false,"isReady":true},"stepper":{"components":{}},"navEntries":{"isReady":true,"isError":false,"error":null,"colour":{"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"colours","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1075632","created":"2019-12-12T15:15:16.0410012Z","versionNo":"3.0","modified":"2020-06-30T10:33:01.8373998Z","modifiedBy":"k1466286","published":"2020-06-30T10:33:03.1655108Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"97a0a73b-993e-4d21-9b32-9ab4c6946ea5","projectId":"website","slug":"slate-grey","properties":{}},"cssVariableName":"slateGrey","entryTitle":"Slate grey"},"item":{"entryTitle":"News Centre","childNavigationItems":[{"hideFromNavigation":false,"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"externalLink","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k0960388","created":"2023-04-21T15:03:07.6343823Z","versionNo":"1.0","modified":"2023-04-21T15:03:07.6343823Z","modifiedBy":"k0960388","published":"2023-04-21T15:03:09.9497943Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"40248735-a78a-4737-a63c-77954f1edaa3","projectId":"website","slug":"headlines","properties":{}},"entryTitle":"Headlines","url":"\u002Fnews"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"listingPage","language":"en-GB","allUris":["\u002Fnews\u002Fkings-news","\u002Fnews\u002Fsearch"],"uri":"\u002Fnews\u002Fkings-news","version":{"publishedBy":"k2040458","archived":null,"deleted":null,"createdBy":"k0960388","created":"2022-12-05T12:18:59.2689194Z","versionNo":"1.0","modified":"2023-03-17T11:25:07.7258347Z","modifiedBy":"k0960388","published":"2023-05-11T12:42:53.1674607Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"58687119-26be-48bf-9a4e-6e4322d27c90","projectId":"website","slug":"news-6","properties":{}},"entryTitle":"News"},"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"navigationItem","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k0960388","created":"2023-04-21T15:01:50.1006259Z","versionNo":"1.0","modified":"2023-04-21T15:01:50.1006259Z","modifiedBy":"k0960388","published":"2023-04-21T15:01:53.4770231Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"bde4eabe-eb0c-4c4c-abe6-5b4080155d7b","projectId":"website","slug":"all-news","properties":{}},"entryTitle":"All news","url":"\u002Fnews\u002Fkings-news"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"draft"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"listingPage","language":"en-GB","allUris":["\u002Fnews\u002Fspotlight"],"uri":"\u002Fnews\u002Fspotlight","version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k0960388","created":"2023-04-21T13:54:26.5480651Z","versionNo":"2.0","modified":"2023-10-27T15:13:48.1057046Z","modifiedBy":"k1075632","published":"2023-10-27T15:14:06.8824695Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0e967aca-ca98-4f18-b4df-c61ff75020b8","projectId":"website","slug":"spotlight-listing","properties":{}},"entryTitle":"Spotlight"},"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"navigationItem","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1516184","archived":null,"deleted":null,"createdBy":"k0960388","created":"2023-04-21T15:02:49.9445607Z","versionNo":"2.0","modified":"2023-11-15T09:48:56.6511621Z","modifiedBy":"k1516184","published":"2023-11-15T09:48:59.5730564Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"675595a0-acce-413a-9884-261264ff14b9","projectId":"website","slug":"spotlight-on-impact","properties":{}},"entryTitle":"Spotlight on impact","url":"\u002Fnews\u002Fspotlight"},{"childNavigationItems":[],"hideFromNavigation":false,"page":{"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"contentPageGeneric","language":"en-GB","allUris":["\u002Fnews\u002Fthis-week"],"uri":"\u002Fnews\u002Fthis-week","version":{"publishedBy":"k2149878","archived":null,"deleted":null,"createdBy":"k0960388","created":"2024-05-17T11:35:58.868447Z","versionNo":"63.0","modified":"2024-11-21T12:15:57.7367344Z","modifiedBy":"k2149878","published":"2024-11-21T12:16:01.816257Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"312e89fe-c6a7-4906-bbb5-39e53e141144","projectId":"website","slug":"week-at-kcl","properties":{}},"entryTitle":"This week at King's"},"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"navigationItem","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k0960388","created":"2024-05-21T11:01:30.4886608Z","versionNo":"2.0","modified":"2024-05-21T12:30:52.0763441Z","modifiedBy":"k0960388","published":"2024-05-21T12:30:55.4357677Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"e4871fbe-240d-4627-a5f9-7658e6e48847","projectId":"website","slug":"week-at-kings","properties":{}},"entryTitle":"This week at King's","url":"\u002Fnews\u002Fthis-week"}],"page":undefined,"hideFromNavigation":false,"systemName":"news","url":undefined,"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"","created":"2018-01-24T10:16:51.1519498Z","versionNo":"19.0","modified":"2024-05-21T12:55:16.4374187Z","modifiedBy":"k0960388","published":"2024-07-12T08:14:34.4693022Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4d496649-100d-467a-9e79-8ffc7fd1388f","projectId":"website","slug":"news-centre","properties":{}}},"parent":null},"relatedPeople":{"items":[],"isError":false,"isLoaded":false,"error":null,"loading":false},"relatedItems":{"loading":false,"isLoaded":false,"isError":false,"error":null,"items":[]},"ps":{"loading":false,"isLoaded":false,"isError":false,"error":null,"items":[],"paging":{"pageCount":0,"pageIndex":0,"pageSize":0,"totalCount":0}},"relatedServices":{"loading":false,"items":[],"isLoaded":false,"isError":false,"error":null},"form":{"forms":{},"settings":{}},"jobsSearch":{"loading":false,"entries":[],"filtersLoading":false,"filters":{},"error":null,"isError":false,"pagingInfo":{"pageIndex":0,"pageSize":0,"totalCount":0}},"static":{"entry":{"summary":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","entryThumbnail":null,"image":{"altText":"the view from Greenwich Park to Canary Wharf","transformations":"w=780&h=497&crop=780,440,0,29","caption":"","asset":{"thumbnail":null,"altText":"the view from Greenwich Park to Canary Wharf","keywords":null,"entryDescription":null,"description":null,"title":"Canary Wharf View","sys":{"owner":"k1808181","metadata":{"includeInAToZ":false,"copyrightDetails":"Photo by Kriss Jordan via Pexels.com","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"https:\u002F\u002Fwww.pexels.com\u002Fphoto\u002Fgreenwich-landscape-27672817\u002F","nodeId":"ccac918d-1cc5-45e6-9347-f5d3080305db"},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fcanary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2024-09-19T09:41:18.334434Z","versionNo":"1.0","modified":"2024-09-19T09:41:19.7652644Z","modifiedBy":"ServicesUser","published":"2024-09-19T09:48:09.6100556Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"ccac918d-1cc5-45e6-9347-f5d3080305db","projectId":"website","slug":null,"properties":{"filename":"canary-wharf-view.jpg","fileSize":3457319,"filePath":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002F","width":5934,"fileId":"ccac918d-1cc5-45e6-9347-f5d3080305db","height":3784}},"entryTitle":"Canary Wharf View"}},"regions":[],"topics":[{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":null,"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2022-09-22T09:38:57.3636907Z","versionNo":"2.0","modified":"2022-10-26T11:29:59.9107099Z","modifiedBy":"k1075632","published":"2022-10-26T11:30:02.7488947Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3ff805db-8d19-4532-82b2-ad731350fd4b","projectId":"website","slug":"affordable-clean-energy","properties":{}},"title":"Affordable & clean energy (SDG 7)","categories":[],"shortName":null,"entryTitle":"Affordable & clean energy (SDG 7)","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":null,"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2019-11-06T15:01:21.0625245Z","versionNo":"2.0","modified":"2019-11-06T15:23:13.1211401Z","modifiedBy":"k1075632","published":"2019-11-06T15:23:13.9350881Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2a1d374b-a03e-41b5-b151-d63419f0e402","projectId":"website","slug":"banking-1","properties":{}},"title":"Banking","categories":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"banking and finance 3","entryDescription":null,"sys":{"id":"0979d982-de6d-49ec-93d7-bbfbfc794a1f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-3.x3304abe1.jpg"}}},"searchTerm":"business-and-finance","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"business_hero-1903x558","entryDescription":null,"sys":{"id":"01b48744-33ee-4adc-8d1d-dfc55527befd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fbusiness-hero-1903x558.x03d660e2.jpg"}}},"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1466286","created":"2018-01-24T13:31:15.1856338Z","versionNo":"4.0","modified":"2019-10-25T15:23:50.4131795Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:51.3194433Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","projectId":"website","slug":"business-finance-1","properties":{}},"title":"Business & Finance","entryTitle":"Business & Finance","research":true}],"shortName":"banking","entryTitle":"Banking","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":null,"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2022-09-22T10:59:13.9311151Z","versionNo":"2.0","modified":"2022-10-26T11:31:47.384918Z","modifiedBy":"k1075632","published":"2022-10-26T11:31:49.6129307Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"787d0e8e-c482-438b-bfa7-a930e517dad9","projectId":"website","slug":"climate-action","properties":{}},"title":"Climate action (SDG 13)","categories":[],"shortName":null,"entryTitle":"Climate action (SDG 13)","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":null,"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2019-11-06T15:01:38.047903Z","versionNo":"2.0","modified":"2019-11-06T15:23:01.7777623Z","modifiedBy":"k1075632","published":"2019-11-06T15:23:02.6527686Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"f1885f93-5a2b-4093-819c-1b27691b8d97","projectId":"website","slug":"finance","properties":{}},"title":"Finance","categories":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"banking and finance 3","entryDescription":null,"sys":{"id":"0979d982-de6d-49ec-93d7-bbfbfc794a1f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-3.x3304abe1.jpg"}}},"searchTerm":"business-and-finance","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"business_hero-1903x558","entryDescription":null,"sys":{"id":"01b48744-33ee-4adc-8d1d-dfc55527befd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fbusiness-hero-1903x558.x03d660e2.jpg"}}},"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1466286","created":"2018-01-24T13:31:15.1856338Z","versionNo":"4.0","modified":"2019-10-25T15:23:50.4131795Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:51.3194433Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","projectId":"website","slug":"business-finance-1","properties":{}},"title":"Business & Finance","entryTitle":"Business & Finance","research":true}],"shortName":"finance","entryTitle":"Finance","status":null}],"orgUnit":[{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"banking and finance 3","entryDescription":null,"sys":{"id":"0979d982-de6d-49ec-93d7-bbfbfc794a1f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-3.x3304abe1.jpg"}}},"searchTerm":"business-and-finance","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"business_hero-1903x558","entryDescription":null,"sys":{"id":"01b48744-33ee-4adc-8d1d-dfc55527befd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fbusiness-hero-1903x558.x03d660e2.jpg"}}},"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1466286","created":"2018-01-24T13:31:15.1856338Z","versionNo":"4.0","modified":"2019-10-25T15:23:50.4131795Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:51.3194433Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","projectId":"website","slug":"business-finance-1","properties":{}},"title":"Business & Finance","entryTitle":"Business & Finance","research":true}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"bush house","entryDescription":null,"description":null,"sys":{"owner":"k1771377","metadata":{"includeInAToZ":false,"includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3"},"dataFormat":"asset","isPublished":false,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2018-04-27T15:35:04.2570396Z","versionNo":"4.0","modified":"2020-02-13T12:13:18.617216Z","modifiedBy":"ServicesUser","published":"2020-02-13T12:13:18.6640909Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","projectId":"website","slug":null,"properties":{"filename":"bush-house800x532.jpg","fileSize":129500,"width":800,"fileId":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","height":532}},"title":"bush house","entryTitle":"bush house"}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryDescription":null,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"colours","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2019-12-12T15:20:22.5836004Z","versionNo":"1.0","modified":"2019-12-12T15:20:23.3648547Z","modifiedBy":"k1075632","published":"2019-12-12T15:20:23.6929945Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8d832113-ce53-404f-9228-3cad3c917410","projectId":"website","slug":"pebble","properties":{}},"title":"Pebble","cssVariableName":null,"entryTitle":"Pebble"},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null},{"twitterurL":null,"entryThumbnail":null,"regions":[],"groupLeads":[{"entryThumbnail":null,"lastName":"Aikman","socialLinks":[{"type":"email","value":{"emailAddress":"david.aikman@kcl.ac.uk","showEmail":true}},{"type":"linkedIn","value":{"url":"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fdavid-aikman-956395138\u002F"}}],"regions":[],"roomNumber":null,"displayName":"David Aikman","jobTitle":"Director of the Qatar Centre for Global Banking & Finance","publishDate":null,"description":"David Aikman joined King’s Business School in April 2020 as Professor of Finance and Director of the Qatar Centre for Global Banking and Finance.","relatedNews":[{"entryTitle":"Role of macroprudential policy in the Covid crisis","entryDescription":"If a relaxation in regulatory capital requirements is ever likely to be effective, it is now.","entryThumbnail":null,"sys":{"id":"69e0235f-2862-4d94-8c04-9ac9bf58f742","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Do central bank stress tests encompass the Covid crisis?","entryDescription":"In Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability.","entryThumbnail":null,"sys":{"id":"98934154-b146-401d-a834-196f19a240bd","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Bank of England macroprudential specialist to head Qatar Centre for Global Banking and Finance","entryDescription":"David Aikman joins new centre at King's Business School","entryThumbnail":null,"sys":{"id":"43efe1eb-0c53-4ad5-9379-8da2c5014a03","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Climate-Related Disclosures Policy Forum Blog & Video","entryDescription":"In September 2020, the IFRS Foundation consulted on preliminary proposals for how climate reporting should be integrated into existing financial reporting. To inform the IFRS Foundation’s deliberations, the Qatar Centre of Global Banking & Finance convened a policy forum of experts to debate the issues involved in designing a set of coherent standards.","entryThumbnail":null,"sys":{"id":"e7ef8221-3b47-45d0-a9c3-f9472eda57ec","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Central Banks & Economic History","entryDescription":"Professor David Aikman shares his thoughts on the use of economic history in central bank policy-making, after participating as a respondent at the Bank of England's 2-day conference on 'History and Policy-making'","entryThumbnail":null,"sys":{"id":"bbc20b86-956a-41ae-8a6b-e8fb031ccf0b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2022","entryDescription":"The Young Economist prize will be awarded to the best paper submitted on the conference topic.","entryThumbnail":null,"sys":{"id":"7cb34e56-96e1-4541-906d-157660aa666d","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"The Qatar Centre for Global Banking and Finance introduces new Speaker Series addressing the challenges COVID-19 poses for central banks","entryDescription":"The Qatar Centre for Global Banking and Finance at King's Business School is pleased to introduce the new QCB Speaker Series, launching in April 2021.","entryThumbnail":null,"sys":{"id":"49835d20-8787-454b-b966-9b370606a7f5","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Central banks are facing some of the most challenging circumstances in their history","entryDescription":" Governor of Qatar Central Bank addresses conference on the challenges facing central banks in the 2020s","entryThumbnail":null,"sys":{"id":"79e7fb44-aa9d-434e-9751-cb6cbca05996","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2021","entryDescription":"Congratulations to the winners of the 2021 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance. ","entryThumbnail":null,"sys":{"id":"202ceab5-10a4-4630-9ee6-6c7066c2e18f","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Challenges facing central banks in the 2020s","entryDescription":"The Qatar Centre for Global Banking and Finance's inaugural Annual Conference took place on Monday 17 and Tuesday 18 May 2021. The Conference featured 34 speakers from central banks, think tanks, and leading universities to discuss central banks' current challenges.","entryThumbnail":null,"sys":{"id":"13048522-2627-4412-ab91-b5cdecd95305","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers gives keynote discussion","entryDescription":"Professor David Aikman was joined by former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers (President Emeritus and Charles W. Eliot Professor at Harvard University) for a keynote discussion at the International Finance and Banking Society 2021 Oxford Conference titled 'Financial System(s) of tomorrow'.","entryThumbnail":null,"sys":{"id":"d4bae635-eda9-4e83-b65c-f3796986823b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"How has the Financial Policy Committee's objective changed since its inception?","entryDescription":"In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the Exchequer’s annual “remit and recommendations” letter. Our focus is on what impact has there been on the relative balance between promoting resilience and stability versus pursuing other government policy objectives, including promoting financial innovation, the role of the City of London and so on.","entryThumbnail":null,"sys":{"id":"34eaa862-b79d-4345-be54-d1c384125b05","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Spring School in Monetary & Financial Policy Analysis","entryDescription":"The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid advances in tools for understanding the economy, particularly new data analytics.","entryThumbnail":null,"sys":{"id":"97182100-e227-4c53-84e8-71de40597c7a","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"The objectives of macroprudential mortgage measures: an exploration","entryDescription":"In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the economic impact of mortgage rules.","entryThumbnail":null,"sys":{"id":"554ea83c-ad00-45ca-8246-a41510a50e5c","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"KBS-Mathematics-Informatics Research Discussion on Climate Finance","entryDescription":"Virtual meeting held to discuss research collaboration in the field of climate finance. ","entryThumbnail":null,"sys":{"id":"6b235867-251e-418a-9af0-939cf02af738","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Sovereign green bonds: What role can they play in the transition to net zero?","entryDescription":"In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the role that sovereign green bonds can play in the transition to net zero. In this blog, we summarise some of the main points from this discussion.","entryThumbnail":null,"sys":{"id":"a96b6f22-edd5-49a3-99cf-f28201503e44","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Is the time right for negative rates in the UK?","entryDescription":"The economic crisis triggered by the Covid-19 pandemic, coupled with historically low interest rates and persistently low inflation, is prompting a rethink of central banks’ toolkit globally.","entryThumbnail":null,"sys":{"id":"7f106346-5af9-41a2-ba62-6cd2df7da559","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2022 Winners","entryDescription":"Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"sys":{"id":"00b8b669-e2fc-44d5-98cf-b6ac23885a04","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"News tracker: COP27 expert commentary and updates","entryDescription":"All the latest from across King's relating to COP27, climate, sustainability and more.","entryThumbnail":null,"sys":{"id":"eeae022f-7c76-4a28-b64c-de0e82f0ca8d","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"New research shows how companies could be gaming their reported greenhouse gas emissions","entryDescription":"Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance","entryThumbnail":null,"sys":{"id":"8b4a6d12-fbaa-4c04-b8e7-0c8e99c53d51","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Financial sector experts join King's event at COP28","entryDescription":"Experts from King’s hosted an event at COP28 in collaboration with the United Nations (UN), to examine the role of the financial services sector in the transition towards net zero emissions.","entryThumbnail":null,"sys":{"id":"0073f633-e5cf-4898-bfe3-3ed9e3254646","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's Business School students take on the role of the world's financial regulators in a first-of-its-kind debate","entryDescription":"Student teams role-played as different financial bodies to discuss the role of central banks in the green transition","entryThumbnail":null,"sys":{"id":"81f35285-15c0-4558-8d15-a6b8be11c1be","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Leading economists make recommendations to improve the UK's inflation forecasting","entryDescription":"Experts comment on the recent Bernanke Review into the Bank of England’s forecast process, highlighting five themes and offering recommendations","entryThumbnail":null,"sys":{"id":"19569768-a9c0-4a44-8f32-a79b5f0aadb0","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2024","entryDescription":"Congratulations to the finalists of the 2024 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"sys":{"id":"6f92312b-67f6-4d3c-a260-0030eb35e09b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"A climate finance policy playbook for the new UK government","entryDescription":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","entryThumbnail":null,"sys":{"id":"8aec225f-18af-41d1-91ac-9cfae5dca7ed","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"New research sets out three overlooked opportunities to fund net zero transition","entryDescription":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","entryThumbnail":null,"sys":{"id":"5c2b333c-7411-4cec-80ad-c2666c9e88f3","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}}],"profileImage":{"altText":"David Aikman","transformations":"w=240&h=160&crop=160,160,60,0","caption":"","asset":{"entryTitle":"DavidAikman","entryDescription":null,"sys":{"id":"062ae12f-1ef6-4468-b38a-5425925df52b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Facademics\u002Fdavidaikman.x2343a52d.jpg?w=240&h=160&crop=160,160,60,0"}}},"suffix":null,"title":["Professor"],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"person","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"Indexer","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-24T08:25:35.2060898Z","versionNo":"94.0","modified":"2024-10-02T11:00:29.7688508Z","modifiedBy":"Indexer","published":"2024-10-02T11:00:33.3314561Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","projectId":"website","slug":"david-aikman","properties":{}},"relatedEvents":[{"entryTitle":"Leonardo Melosi: Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength","entryDescription":"Leonardo Melosi (Federal Reserve Bank of Chicago) will be presenting on the topic of Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength","entryThumbnail":null,"sys":{"id":"fb0bfaa5-3413-4b2b-bfb6-b9fdfe841917","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Sinem Hacioglu: Consumption in the Time of Covid-19: Evidence from UK Transaction-level Data","entryDescription":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the fourth installment presented by Sinem Hacioglu, Diego Kaenzig and Paolo Surico","entryThumbnail":null,"sys":{"id":"a20b27c9-5acc-406b-8881-4a65f5b50d08","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Jumpstarting an International Currency","entryDescription":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the second installment with Saleem Bahaj and Ricardo Reis","entryThumbnail":null,"sys":{"id":"befde537-ecab-4922-9e29-54aa07eb3873","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Andrea Ferrero: House Price Dynamics, Optimal LTV Limits and the Liquidity Trap","entryDescription":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the first of the QCGBF Virtual Seminar Series with Andrea Ferrero, Richard Harrison and Benjamin Nelson","entryThumbnail":null,"sys":{"id":"2835df30-aa8b-4c3d-afbe-7941b49c9da2","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Domenico Giannone: Multimodality in Macro-Financial Dynamics","entryDescription":"Domenico Giannone (Amazon) will present 'Multimodality in Macro-Financial Dynamics', with Tobias Adrian and Nina Boyarchenko ","entryThumbnail":null,"sys":{"id":"ee032627-150f-4be7-8be0-c026183980e2","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Silvia Miranda-Agrippino: Global Footprints of Monetary Policies","entryDescription":"Silvia Miranda-Agrippino (Bank of England) presents 'Global Footprints of Monetary Policies', with Tsvetelina Nenova and Hélène Rey.","entryThumbnail":null,"sys":{"id":"3781af34-0d04-49b7-8f00-fbbe3704c7bc","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Ludwig Straub: Indebted Demand","entryDescription":"Ludwig Straub (Harvard University) presents 'Indebted Demand', with Atif Mian and Amir Sufi","entryThumbnail":null,"sys":{"id":"10895117-6ce1-4afa-be97-69b900da2f2d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Sebnem Kalemli-Ozcan: Covid-19 and SME Failures","entryDescription":"Sebnem Kalemli-Ozcan (University of Maryland) presents 'Covid-19 and SME Failures', with Pierre-Olivier Gourinchas, Veronika Penciakova and Nick Sander","entryThumbnail":null,"sys":{"id":"4efb252f-5973-4232-8880-ac04a8894551","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Policy Forum on Climate-Related Disclosures","entryDescription":"The Qatar Centre for Global Banking and Finance is bringing together global experts to discuss climate-related corporate disclosures and inform the IFRS in its deliberations how to proceed.","entryThumbnail":null,"sys":{"id":"048ee5ac-1be7-4080-90f8-dd5572f9086c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Michele Lenza: What's up with the Phillips curve?","entryDescription":"Inflation in the U.S. has remained stable since the 1990s, even with real activity & unemployment cycling up and down. What explains this recent disconnect between inflation and unemployment?","entryThumbnail":null,"sys":{"id":"5e59c7e4-c592-4d5b-b0ed-1e582d1e18a8","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Neeltje van Horen: Down Payment Constraints, Homeownership and Household Spending","entryDescription":"Professor Neeltje van Horen examines the UK Help-to-Buy scheme's effects on homeownership and household spending.","entryThumbnail":null,"sys":{"id":"c5369970-9843-4d9b-ba0b-057955205c01","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Moritz Schularick: Zombies at large? Corporate debt overhang and the macroeconomy","entryDescription":"Professor Moritz Schularick discusses the effects of extensive corporate debt on the economy in this research seminar.","entryThumbnail":null,"sys":{"id":"b8e639f9-2f5c-4b07-9a8c-46cf5d7d8145","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Professor Samuel G. Hanson: Predictable Financial Crises","entryDescription":"Join Professor Samuel G. Hanson who will present as part of the QCGBF Virtual Seminar Series on 26 April 2021.","entryThumbnail":null,"sys":{"id":"3a220dbc-a461-48ce-b793-823420d52b91","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Professor Martin Ellison: The Economic Impact of Recession Announcements","entryDescription":"Join Martin Ellison who will be speaking as part of the QCGBF Virtual Seminar Series on 12 April 2021.","entryThumbnail":null,"sys":{"id":"0a6520b8-36c3-4188-b7e3-80813dd00f32","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Tarun Ramadorai: Cross-subsidies in the UK mortgage market","entryDescription":"Join us for another in the Summer collection of the QCGBF Virtual Seminar Series","entryThumbnail":null,"sys":{"id":"3ffdc609-a0cc-461c-ba89-773ced011cca","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Robin Greenwood: Reflexivity in Credit Markets","entryDescription":"Join us for the first in our Summer collection of the QCGBF Virtual Seminar Series.","entryThumbnail":null,"sys":{"id":"60d85d51-80af-4360-816b-7f25387468f4","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Adam Shapiro: Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis","entryDescription":"Join us for the next in the QCGBF Virtual Seminar Series","entryThumbnail":null,"sys":{"id":"2da6496d-58a6-41fd-ad36-99757ac5d826","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Paul Levine: Mandates and Monetary Rules in a New Keynesian Framework","entryDescription":"Professor Paul Levine will discuss a general mandate framework developed for delegating monetary policy to an instrument-independent, but goal-dependent central bank to discover whether raising the inflation target above the standard 2% per year to 4% is a feasible welfare-enhancing mandate for central banks to deal very effectively with the ZLB.","entryThumbnail":null,"sys":{"id":"92358f17-c25e-4c04-8232-0a022c9dfa9d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Tommaso Monacelli: Stabilization vs. Redistribution: The Optimal Monetary-Fiscal Mix","entryDescription":"Join us for the third in the Autumn 2021 QCGBF Virtual Seminar series with, Tommaso Monacelli presenting his paper on, 'Stabilization vs. Redistribution: The Optimal Monetary-Fiscal Mix'","entryThumbnail":null,"sys":{"id":"0fd1ac72-b080-4a64-98e5-14f21709ada9","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Ricardo Correa: The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters and Loan Pricing","entryDescription":"Dr Ricardo Correa investigates the effect of climate change, through natural disasters, on corporate borrowing costs, using novel data to construct granular measures of borrowers’ exposure to various natural disasters","entryThumbnail":null,"sys":{"id":"7c1176a3-792d-467a-9d88-68a5fc54c18b","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Caterina Mendicino: Twin Defaults and Bank Capital Requirements","entryDescription":"Dr Caterina Mendicino from the European Central Bank joins us to present 'Twin Defaults and Bank Capital Requirements' as part of the QCGBF Virtual Seminar Series.","entryThumbnail":null,"sys":{"id":"129ee5d2-b794-4bd5-a5a0-fda0a82d2a32","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF - Egon Zakrajšek","entryDescription":"Dr. Egon Zakrajšek from the Bank for International Settlements presents 'The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF' as part of the QCGBF Virtual Seminar Series.","entryThumbnail":null,"sys":{"id":"65c36ffe-92c1-4e6e-a5cd-8e80372515d0","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Extreme Weather and the Macroeconomy - Christian Matthes","entryDescription":"Christian Matthes presents 'Extreme Weather and the Macroeconomy' as part of the QCGBF Virtual Seminar Series.","entryThumbnail":null,"sys":{"id":"5009998c-f2dd-4662-8fe2-ffebcaacbb12","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance Spring School in Monetary & Financial Policy Analysis: Taster Session","entryDescription":"Join Professor David Aikman as he introduces this new short executive course on Monetary and Financial Policy Analysis run by the Qatar Centre for Global Banking & Finance. ","entryThumbnail":null,"sys":{"id":"df8cbec7-82e6-489b-b2cc-c38e2fea11f4","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Energy Governance & Finance workshop","entryDescription":"This workshop aims to facilitate interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.","entryThumbnail":null,"sys":{"id":"26a6a7e8-efbd-49bb-ac95-f8303e8b37f3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Margherita Giuzio: The Low-Carbon Transition, Climate Commitments and Firm Credit Risk","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Margherita Giuzio from the European Central Bank (ECB) to present this virtual seminar on 'The Low-Carbon Transition, Climate Commitments and Firm Credit Risk'.","entryThumbnail":null,"sys":{"id":"0f4c3609-3577-4c05-b1d2-60c42dba16d9","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: The Macroeconomic Cost of Climate Volatility (Haroon Mumtaz & Piergiorgio Alessandri)","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Haroon Mumtaz from Queen Mary University of London and Piergiorgio Alessandri from the Bank of Italy to present this virtual seminar on 'The Macroeconomic Cost of Climate Volatility'.","entryThumbnail":null,"sys":{"id":"a5f32dff-01fa-430c-9782-b581a7e64619","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Dimitri Vayanos: A Preferred-Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers","entryDescription":"Dimitri Vayanos from the London School of Economics joins us to present 'A Preferred-Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers' as part of the QCGBF Virtual Seminar Series.","entryThumbnail":null,"sys":{"id":"2cb8410f-57cf-4678-954a-d5f8ced99d07","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Andreas Schrimpf: Constrained Dealers and Market Efficiency","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Andreas Schrimpf (Bank for International Settlements) to present this virtual seminar.","entryThumbnail":null,"sys":{"id":"5f02a19f-c042-40d8-8fa3-e7bb8bba831d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Green sovereign bonds: What role can they play in the transition to net zero?","entryDescription":"A panel discussion on green sovereign bonds hosted by the Qatar Centre for Global Banking & Finance and Climate Law & Governance at King's.","entryThumbnail":null,"sys":{"id":"e950c661-ab44-43fd-89c1-d81c0f98750d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Energy Governance and Finance Workshop","entryDescription":"Join us for another Climate Energy Governance & Finance (CEGF) workshop, aimed at facilitating interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.","entryThumbnail":null,"sys":{"id":"1e4fc9e6-c03a-46b4-bb56-ac4ec3ddab4c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Chiara Scotti: Interconnectedness in the Corporate Bond Market","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Chiara Scotti from the Federal Reserve Board (FRB) to present this virtual seminar on ‘Interconnectedness in the Corporate Bond Market'.","entryThumbnail":null,"sys":{"id":"6629483e-3e82-40fe-b73f-8b41d056703f","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Kartik Anand: Cybersecurity and Financial Stability","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Kartik Anand from Deutsche Bundesbank to present this virtual seminar. ","entryThumbnail":null,"sys":{"id":"6bd030fb-4e33-4d86-b6d6-0c0ff8426022","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Bank of England Watchers' Conference 2022","entryDescription":"Please join us for The Watchers' Conference, in partnership with the Bank of England and the Money Macro and Finance Society.","entryThumbnail":null,"sys":{"id":"58d02072-ba61-438e-b158-c746d7996117","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: José-Luis Peydró: Take It to the Limit? The Effects of Household Leverage Caps","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes José-Luis Peydró from Imperial College Business School to present this virtual seminar .","entryThumbnail":null,"sys":{"id":"b0a0c7f8-fa12-4f8d-a2ef-1357cece8211","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Workshop","entryDescription":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","entryThumbnail":null,"sys":{"id":"c01e6640-4236-4867-af4c-700c514ead6d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Ester Faia: Monetary Policy and Wage Inequality: the Labour Mobility Channel","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Ester Faia from the University Frankfurt to present this virtual seminar. ","entryThumbnail":null,"sys":{"id":"547986dd-7366-4aca-952a-f0802e867b91","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Michael Kumhof: The Open Economy Macroeconomics of Central Bank Digital Currencies","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Michael Kumhof from the Bank of England (BoE) to present this virtual seminar.","entryThumbnail":null,"sys":{"id":"7e33ba0a-3f87-4b44-abc0-b8dff0d89c5e","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Timothy Jackson: Optimal Central Bank Balance Sheets","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Timothy Jackson from the University of Liverpool to present this virtual seminar. ","entryThumbnail":null,"sys":{"id":"537f5ee8-21ea-46c2-868a-0b649cdde003","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: James Cloyne: Short-Term Tax Cuts, Long-Term Stimulus","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes James Cloyne from the University of California Davis to present this virtual seminar.","entryThumbnail":null,"sys":{"id":"55dfde1b-2a48-47a5-bb84-25b2e3692fec","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Workshop - 23 February 2023","entryDescription":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","entryThumbnail":null,"sys":{"id":"ff5434bc-8811-41b7-b84e-a7442a754e63","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance Annual Conference 2023","entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.","entryThumbnail":null,"sys":{"id":"0a45c8fe-0904-43ca-99d4-a0be0ec4db71","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Perspectives on the banking turmoil: Panel discussion","entryDescription":"Qatar Centre for Global Banking and Finance, webinar chaired by Professor David Aikman, it will discuss recent turmoil in the banking sector.","entryThumbnail":null,"sys":{"id":"b817482e-9af8-4aec-b7e1-a02123d2d8b6","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"The Research Handbook of Macroprudential Policy Conference","entryDescription":"This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past decade.","entryThumbnail":null,"sys":{"id":"79e80ea4-ed30-4c48-9211-37d131401b6c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Workshop - 8 February 2024","entryDescription":"In-person workshop on Climate Finance - open to all.","entryThumbnail":null,"sys":{"id":"67d20c00-1d69-490a-b201-aad4a6cb51f5","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"How to mobilize capital to invest in decarbonization technologies towards net zero","entryDescription":"This roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets","entryThumbnail":null,"sys":{"id":"d5405017-4354-4546-be3b-be4e5845c87f","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"The Great Debate - The role of central banks in the green transition","entryDescription":"Get ready for the ultimate battle of brains and innovation as six student teams go head-to-head in a high-stakes debate.","entryThumbnail":null,"sys":{"id":"50974039-6e7c-499c-b448-99eaa5eddc7d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Bank of England Watchers' Conference 2024","entryDescription":"Bank of England Watchers' Conference 2024","entryThumbnail":null,"sys":{"id":"83e08cc8-244a-4e48-b70e-5daded360d85","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Accelerating transition: climate finance policies for Labour to prioritise now","entryDescription":"Accelerating Transition: Climate Finance Policies to Prioritise in the First 100 Days","entryThumbnail":null,"sys":{"id":"3fa6cb95-b9b5-4281-948c-677f014aad13","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}}],"override":null,"subjectAreas":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"researchInterests":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"sabbatical":null,"image":null,"relatedFeatures":[],"languages":[],"orgUnits":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"banking-finance","entryThumbnail":null,"sys":{"id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"searchOptions":{"includeInKCLSiteSearch":false,"includeInSitemap":false,"includeInKCLSiteListings":false},"entryDescription":"Director of the Qatar Centre for Global Banking & Finance","groups":[{"entryTitle":"Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e6c1723c-b66b-4476-aa16-06f8cd9fc3f5","language":"en-GB","contentTypeId":"peopleGroup","dataFormat":"entry","uri":null}},{"entryTitle":"Economics at King's","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d845f021-0888-48d0-b672-774e90c204cb","language":"en-GB","contentTypeId":"peopleGroup","dataFormat":"entry","uri":null}}],"officeHours":[],"biography":[{"type":"biographyText","value":"\u003Cp\u003EDavid Aikman joined King’s Business School in April 2020 as Professor of Finance and Director of the Qatar Centre for Global Banking and Finance. Previously, he spent 17 years working as an economist at the Bank of England – most recently in the role of Technical Head of Division in the Financial Stability Strategy and Risk Directorate where he led the Bank’s work on various macroprudential issues.\u003C\u002Fp\u003E\n\u003Cp\u003EBetween 2013 and 2015, David was seconded to the Board of Governors of the Federal Reserve System in Washington DC, where he worked as an advisor in the Division of Financial Stability. In 2008, David was a Visiting Scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. David has represented the Bank in various international fora, including meetings of the Financial Stability Board, the Basel Committee, and the European Systemic Risk Board.\u003C\u002Fp\u003E\n\u003Cp\u003EHe is the author of various research papers on financial stability and macroprudential policy, and has a Ph.D. in Economics from the University of Warwick.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAre you accepting new PhD students?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EYes\u003C\u002Fp\u003E"},{"type":"biographyText","value":"\u003Cp\u003E\u003Cstrong\u003ESelected Publications\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, David, Jonathan Bridges, Anil Kashyap, and Caspar Siegert. 2019. \"Would Macroprudential Regulation Have Prevented the Last Crisis?\" Journal of Economic Perspectives, 33 (1): 107-30. DOI: 10.1257\u002Fjep.33.1.107\u003C\u002Fp\u003E\n\u003Cp\u003EDavid Aikman, Andrew G. Haldane, Benjamin D. Nelson, Curbing the Credit Cycle, The Economic Journal, Volume 125, Issue 585, 1 June 2015, Pages 1072–1109, https:\u002F\u002Fdoi.org\u002F10.1111\u002Fecoj.12113\u003C\u002Fp\u003E\n\u003Cp\u003EDavid Aikman, Oliver Bush, and Alan M. Taylor. “Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report” NBER Working Paper No. 22380 June 2016, Revised November 2018\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, D., Haldane, A., Hinterschweiger, M. & Kapadia, S., 2019, “Rethinking Financial Stability”, published in Evolution or Revolution. Blanchard, O. & Summers, L. (eds.). MIT Press, p. 143-194\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. \"\u003Ca href=\"https:\u002F\u002Fideas.repec.org\u002Fa\u002Feee\u002Fjbfina\u002Fv81y2017icp36-64.html\"\u003EMapping heat in the U.S. financial system\u003C\u002Fa\u003E,\" Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.\u003C\u002Fp\u003E"}],"employeeTypes":["Academics","Supervisors"],"relatedSpotlight":[],"additionalJobTitle":["Professor of Finance (Practice)"],"firstName":"David","kingsID":null,"hide":false,"location":{"entryTitle":"Bush House","entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","entryThumbnail":null,"sys":{"id":"f830c5e3-ef00-4387-8948-bdd5294c035b","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"pronouns":null,"entryTitle":"David Aikman"},{"entryThumbnail":null,"lastName":"Bidder","socialLinks":[{"type":"email","value":{"emailAddress":"rhys.m.bidder@kcl.ac.uk","showEmail":true}},{"type":"linkedIn","value":{"url":"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Frhys-bidder-10157826\u002F"}}],"regions":[],"roomNumber":"(N)4.05","displayName":"Rhys Michael Bidder","jobTitle":"Deputy Director of the Qatar Centre for Global Banking & Finance","publishDate":null,"description":"Rhys Michael Bidder is Deputy Director of the Qatar Centre for Global Banking & Finance and a Senior Lecturer in Finance at King's Business School. ","relatedNews":[{"entryTitle":"Young Economist Prize Competition 2022 Winners","entryDescription":"Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"sys":{"id":"00b8b669-e2fc-44d5-98cf-b6ac23885a04","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2022","entryDescription":"The Young Economist prize will be awarded to the best paper submitted on the conference topic.","entryThumbnail":null,"sys":{"id":"7cb34e56-96e1-4541-906d-157660aa666d","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's hosts its first Digital Money Symposium addressing the future of finance","entryDescription":"Industry leaders discussed blockchain technology, decentralised finance (DeFi), central bank digital currencies (CBDCs), stablecoins, and the impact of digitalisation on traditional banking systems.","entryThumbnail":null,"sys":{"id":"3383a09b-5ad8-472a-9444-68f60fa702ea","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2024","entryDescription":"Congratulations to the finalists of the 2024 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"sys":{"id":"6f92312b-67f6-4d3c-a260-0030eb35e09b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's academics reflect on the implications of Trump's victory","entryDescription":"As the world woke up to Trump’s victory in the US elections, academics at King’s College London shared their reflections on what the result could mean across key policy areas.","entryThumbnail":null,"sys":{"id":"5edfabb0-6736-4f38-9e27-913cb4d23f28","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Making the USA a Bitcoin Superpower","entryDescription":"One of Donald Trump's campaign trail stops was the 2024 Bitcoin Conference in Nashville, where he promised to make the United States the 'crypto capital of the planet'. But what might this look like?","entryThumbnail":null,"sys":{"id":"7c0bd214-c5e8-4245-9351-1f615ca9db6b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}}],"profileImage":{"altText":"Rhys Michael Bidder","transformations":"w=160&h=160","caption":"","asset":{"entryTitle":"QCGBF Rhys Bidder","entryDescription":null,"sys":{"id":"42845198-8607-49a2-8b00-b74100e53f38","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-rhys-bidder.x8adc35f2.png?w=160&h=160"}}},"suffix":null,"title":["Dr"],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"person","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"Indexer","archived":null,"deleted":null,"createdBy":"k1812479","created":"2022-01-21T17:59:30.3453483Z","versionNo":"26.0","modified":"2024-11-08T00:00:19.6532459Z","modifiedBy":"Indexer","published":"2024-11-08T00:00:21.5017849Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"516a3cab-f5b4-4035-95b7-93d9a149230e","projectId":"website","slug":"rhys-michael-bidder","properties":{}},"relatedEvents":[{"entryTitle":"QCGBF Virtual Seminar Series: Kartik Anand: Cybersecurity and Financial Stability","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Kartik Anand from Deutsche Bundesbank to present this virtual seminar. ","entryThumbnail":null,"sys":{"id":"6bd030fb-4e33-4d86-b6d6-0c0ff8426022","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: José-Luis Peydró: Take It to the Limit? The Effects of Household Leverage Caps","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes José-Luis Peydró from Imperial College Business School to present this virtual seminar .","entryThumbnail":null,"sys":{"id":"b0a0c7f8-fa12-4f8d-a2ef-1357cece8211","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Ester Faia: Monetary Policy and Wage Inequality: the Labour Mobility Channel","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Ester Faia from the University Frankfurt to present this virtual seminar. ","entryThumbnail":null,"sys":{"id":"547986dd-7366-4aca-952a-f0802e867b91","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Michael Kumhof: The Open Economy Macroeconomics of Central Bank Digital Currencies","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Michael Kumhof from the Bank of England (BoE) to present this virtual seminar.","entryThumbnail":null,"sys":{"id":"7e33ba0a-3f87-4b44-abc0-b8dff0d89c5e","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: Timothy Jackson: Optimal Central Bank Balance Sheets","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Timothy Jackson from the University of Liverpool to present this virtual seminar. ","entryThumbnail":null,"sys":{"id":"537f5ee8-21ea-46c2-868a-0b649cdde003","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Virtual Seminar Series: James Cloyne: Short-Term Tax Cuts, Long-Term Stimulus","entryDescription":"The Qatar Centre for Global Banking & Finance welcomes James Cloyne from the University of California Davis to present this virtual seminar.","entryThumbnail":null,"sys":{"id":"55dfde1b-2a48-47a5-bb84-25b2e3692fec","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Everything you wanted to know about the economics job market, but were afraid to ask","entryDescription":"An afternoon of panels aimed at helping PhD students prepare for the job market.","entryThumbnail":null,"sys":{"id":"0cdf2307-cb53-456d-959c-5843b0ce435d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance Annual Conference 2023","entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.","entryThumbnail":null,"sys":{"id":"0a45c8fe-0904-43ca-99d4-a0be0ec4db71","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Policy & Regulation MSC - Information Session","entryDescription":"Find out more about our Financial Policy & Regulation MSc, PG Dip, PG Cert","entryThumbnail":null,"sys":{"id":"77e6e0fc-b1cc-4e0d-bc00-87db9fcb8483","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Second Super Informal Conference at King’s College London – 4 September 2023","entryDescription":"Second Super Informal Conference at King’s College London","entryThumbnail":null,"sys":{"id":"1362773d-10d3-4ca1-b78b-f312b0937525","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Workshop - 8 February 2024","entryDescription":"In-person workshop on Climate Finance - open to all.","entryThumbnail":null,"sys":{"id":"67d20c00-1d69-490a-b201-aad4a6cb51f5","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Digital Money Symposium","entryDescription":"Event that focuses on the future of finance.","entryThumbnail":null,"sys":{"id":"4a15d486-0892-4f07-9e89-048d8a184bb2","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Bank of England Watchers' Conference 2024","entryDescription":"Bank of England Watchers' Conference 2024","entryThumbnail":null,"sys":{"id":"83e08cc8-244a-4e48-b70e-5daded360d85","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}}],"override":null,"subjectAreas":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"researchInterests":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"sabbatical":null,"image":null,"relatedFeatures":[],"languages":[],"orgUnits":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"banking-finance","entryThumbnail":null,"sys":{"id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"searchOptions":{"includeInKCLSiteSearch":false,"includeInSitemap":false,"includeInKCLSiteListings":false},"entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","groups":[{"entryTitle":"Economics at King's","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d845f021-0888-48d0-b672-774e90c204cb","language":"en-GB","contentTypeId":"peopleGroup","dataFormat":"entry","uri":null}}],"officeHours":[],"biography":[{"type":"biographyText","value":"\u003Cp\u003ERhys Michael Bidder is Deputy Director of the Qatar Centre for Global Banking & Finance and a Senior Lecturer in Finance at King's Business School. His research interests are both applied and theoretical, focusing on macroeconomic policy, banking, and financial regulation. Rhys is especially interested in distressed debt and stress testing - both timely and important topics as the effects of COVID play out and as climate risks are gradually incorporated into stress scenario modelling.\u003C\u002Fp\u003E\n\u003Cp\u003EAreas of expertise: Bank lending, Stress testing, Monetary policy, Asset pricing, Ambiguity and risk Publications: American Economic Review, Journal of Monetary Economics, Review of Economic Dynamics, Journal of Economic Theory\u003C\u002Fp\u003E\n\u003Cp\u003EAffiliations:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EResearch Fellow, National Institute of Economic Research (NIESR)\u003C\u002Fli\u003E\n\u003Cli\u003EResearch Fellow, Janeway Institute (Cambridge)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EWork history:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EBA\u002FMA and MPhil in Economics, University of Cambridge (King's College)\u003C\u002Fli\u003E\n\u003Cli\u003EPhD in Economics, NYU (Advisor: Tom Sargent)\u003C\u002Fli\u003E\n\u003Cli\u003EFederal Reserve Bank of San Francisco\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003EAre you currently accepting PhD students?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ENo\u003C\u002Fp\u003E"}],"employeeTypes":["Academics"],"relatedSpotlight":[],"additionalJobTitle":["Senior Lecturer in Finance"],"firstName":"Rhys Michael","kingsID":null,"hide":false,"location":{"entryTitle":"Bush House","entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","entryThumbnail":null,"sys":{"id":"f830c5e3-ef00-4387-8948-bdd5294c035b","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"pronouns":null,"entryTitle":"Rhys Michael Bidder"}],"about":[{"type":"markup","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policy making, ranging from monetary policy to financial stability and regulation.\u003C\u002Fp\u003E"},{"type":"kalturaVideo","value":{"videoDescription":null,"videoTitle":null,"kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FAbout+the+Qatar+Centre+for+Global+Banking+and+Finance\u002F1_7i6x7ucr"}}],"customLogo":null,"description":"The Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policy making, ranging from monetary policy to financial stability and regulation.","partnersText":null,"relatedNews":[{"summary":"Professor Iftekhar Hasan delivers keynote lecture on Fintech and Monetary Policy Transmission","entryThumbnail":null,"image":{"altText":"Iftekhar Hasan delivers lecture at our policy lab","transformations":"w=780&h=529&crop=780,440,0,29","caption":"Audience questions at the Policy Lab","asset":{"entryTitle":"PolicyLab-013","entryDescription":null,"sys":{"id":"a72e59af-e886-41ce-9d21-b9b61f5736da","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fpolicylab-013.x5a582a6f.jpg?w=780&h=529&crop=780,440,0,29"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-04-22T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Professor Iftekhar Hasan delivers keynote lecture on Fintech and Monetary Policy Transmission","relatedEvent":{"entryTitle":"Fintech and Monetary Policy Transmission with Iftekhar Hasan","entryDescription":"The Qatar Centre for Global Banking & Finance and King's Business School present: Challenges to Financial Stability with Iftekhar Hasan","entryThumbnail":null,"sys":{"id":"30073c7c-fe86-4d75-8839-0d85bab318e3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Keynote lecture: Challenges to Financial Stability Policy Lab","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1808181","created":"2020-05-05T16:50:40.2685924Z","versionNo":"3.0","modified":"2023-04-26T10:41:46.8696574Z","modifiedBy":"k1812479","published":"2023-04-26T10:42:42.6578641Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"e9f009b1-146e-4027-acef-e0e0f0b3a962","projectId":"website","slug":"keynote-lecture-financial-stability-policy-lab","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EWatch the full version of the keynote lecture delivered by Professor Iftekhar Hasan,  E. Gerald Corrigan Chair in International Business and Finance at Fordham University in New York, and Managing Editor of the Journal of Financial Stability.  His lecture concluded the programme at the Centre's inaugural Policy Lab on 11 March 2020.\u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=5t2K6YAXCxI"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Keynote lecture: Challenges to Financial Stability Policy Lab"},{"summary":"The capacity and limits of central banks’ monetary policy tools in providing further stimulus to the economy will be tested in the days and months to come. ","entryThumbnail":null,"image":{"altText":"Francesca Monti speaking to a crowd of people during the 11 March 2020 Policy Lab at Science Gallery London. ","transformations":"w=998&h=562&crop=780,440,109,61","caption":"","asset":{"entryTitle":"PolicyLab-055","entryDescription":null,"sys":{"id":"e82122e4-17d4-44b4-bad7-26846ea0d4c6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fpolicylab-055.x369fefa6.jpg?w=998&h=562&crop=780,440,109,61"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-04-21T14:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The capacity and limits of central banks’ monetary policy tools in providing further stimulus to the economy will be tested in the days and months to come. ","relatedEvent":{"entryTitle":"Policy Lab: \"Challenges to Financial Stability\"","entryDescription":"This policy lab is dedicated to aspects of financial stability that play a central role in the rapidly changing and developing landscape of central bank policymaking. ","entryThumbnail":null,"sys":{"id":"95ce60d6-4c6e-4c03-9b8d-48a52e5b5537","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Monetary policy and financial stability","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-21T12:13:51.8697914Z","versionNo":"2.0","modified":"2023-04-26T10:39:29.2354837Z","modifiedBy":"k1812479","published":"2023-04-26T10:39:43.4686371Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"40d169ea-39ac-4594-983a-9c830c773721","projectId":"website","slug":"monetary-policy-and-financial-stability-qcgbf-policy-lab","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EOur Policy Lab was held on 11 March, the day that the Bank of England cut the interest rate to 0.25 per cent (and then to 0.1 per cent a few days later) as part of the response to the Covid-19 outbreak and the US Federal Reserve pledged to pump more than $1 trillion into the system over the following days. The fiscal authorities in many countries have subsequently unveiled very large measures to shore up the economy.  \u003C\u002Fp\u003E\n\u003Cp\u003EThe capacity and limits of central banks’ monetary policy tools in providing further stimulus to the economy will be tested in the days and months to come. The other big challenge central banks will face is related to coordination with the fiscal authorities and the consequences of those fiscal measures for inflation and interest rates. All of this has substantial implications for financial stability, so understanding the links and interactions between monetary policy and financial stability remains crucial.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003E Macroprudential policy in the New Normal\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EThe last decade has been characterised by historically low real interest rates, resulting from demographic, technological, and other forces that raised desired global saving relative to desired investment. Coupled with low actual and expected inflation, these have translated into persistently low nominal interest rates throughout the yield curve. Persistently low interest rates pose a challenge for the traditional approach to monetary policymaking, based on the management of a short-term policy interest rate. They also affect financial stability through 3 main channels:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003EBank profitability\u003C\u002Fstrong\u003E: Low interest rates mean that banks, especially those that are very reliant on retail deposits, including many Japanese and European banks, see their profits and ability to generate capital eroded over time. This forces them closer to their capital constraints and makes them less willing to lend, but perhaps more inclined to take other risks.\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003ERisk-taking\u003C\u002Fstrong\u003E: With interest rates low, pension funds, insurers and other intermediaries who have promised their clients returns seek those returns in higher risk assets.\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003ELess policy space\u003C\u002Fstrong\u003E: There is less room for monetary policy to stabilise the economy using either conventional or unconventional tools.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EIf monetary policy is less able to cushion the economy from shocks, banks should assume bigger shocks in their stress tests and therefore have bigger capital buffers, but issues around bank profitability and risk-taking work against this. Moreover, banks may struggle to raise the additional capital given that the long squeeze on their margins means the sector as a whole is already struggling to earn its cost of equity (the amount of return shareholders expect in compensation for the risk of ownership).\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EThe counter-cyclical buffer and other macroprudential measures\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EThe counter-cyclical capital buffer (CCyB) is a macroprudential tool used by some central banks. It requires private sector banks to accumulate capital at points in the economic cycle where lending activity is expanding, so that they are better able to cope when losses materialise. The aim is to dampen the impact of economic downswings, and to slow credit growth during the upswing.\u003C\u002Fp\u003E\n\u003Cp\u003EWhile most countries now have frameworks in place for using the CCyB, there remain challenges with its deployment. Basel III guidelines which stipulate that when the gap between current credit to GDP ratio and its long-term trend become positive, counter cyclical buffers should be introduced on a graduated scale. Some interpreted this as the only potential trigger and have allowed a build-up of other mildly related potential vulnerabilities without introducing a buffer. More sophisticated authorities have looked at a broader range of indicators: of the 15 countries that have raised countercyclical buffers, the vast majority have a negative credit gap. This raises the challenge of how to weight information in different indicators. For example, in recent years the UK has experienced elevated asset prices, a substantial current account deficit but weak credit growth.\u003C\u002Fp\u003E\n\u003Cp\u003EThe signal sent to banks by raising or releasing the counter cyclical buffer may be more important than the economic mechanism of the buffer itself, but so far historical evidence is sparse. Another issue that might hamper the effectiveness of counter-cyclical buffers is uncertainty around the subsequent response of the microprudential regulators, which might require to rebuild the buffers quickly. This would suggest some degree of coordination between the macro- and the micro-prudential regulators.\u003C\u002Fp\u003E\n\u003Cp\u003EMany countries have focussed on borrower-based measures as a means to improve financial stability. South Korea was among the first to introduce borrower-based measures, such as Loan to Value and Loan to Income limits – and most recently added a debt service ratio. Similar patterns have been followed across East Asia and in Central and Eastern Europe, and there is evidence of impact on ‘intermediate’ policy goals such as slower credit growth and curbs on house prices.\u003C\u002Fp\u003E\n\u003Cp\u003EHowever, borrower-based measures like these can have unintended consequences. If you create a constraint on lending with down payments, individuals may seek unsecured credit at more punitive rates instead. Loan-to-Value restrictions mostly bite first-time buyers, and there is evidence that this can push them to more marginal locations, raising prices in areas that have less strong fundamentals, such as poorer access to public transport. This may reduce their labour market flexibility and also leave them doubly exposed in a downturn. It is necessary to understand more of the macro implications of these kinds of measures.\u003C\u002Fp\u003E\n\u003Cp\u003EThere remains a broader debate about the appropriate tools to use to regulate banks. Contingent capital or “cocos” remain untested and may behave procyclically in a stress. Some economists also favour greater emphasis on liquidity regulation, reflecting the fact that banks fail when they run out of liquidity.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EPolicy making structures\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EMonetary policy decisions and macroprudential policy making decisions interact, but there are strong arguments in favour of retaining two separate decision-making bodies. Retaining separate structures ensures a depth in specialist skills so that an economy is better prepared to deal with a range of different kinds of shocks and also prevents an exclusive focus on those measures which are easiest to measure and track, such as inflation targeting.\u003C\u002Fp\u003E\n\u003Cp\u003EEvidence around the world shows that delegating macroprudential policy to a separate decision-making body tends to result in better responses to shocks to the financial system. There may also be an impact on monetary policy: where monetary and financial policy are separate, monetary policy-makers tend to be more conservative, focussing on price stability.\u003C\u002Fp\u003E\n\u003Cp\u003EWhere a model with two separate authorities is chosen, there still needs to be a level of coordination. The experience in emerging markets in the 1990s shows that macroprudential policy is more effective when it is supported by monetary policy.\u003C\u002Fp\u003E\n\u003Cp\u003ERegular joint committees may be a structural solution to achieve coordination, but this may result in an agenda that prioritises areas that the two committees have in common, rather than those which should be the top priority for either body. An alternative approach is to design an overlap in membership so that a few key individuals can update both bodies on the other committee’s concerns and perspectives.  \u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EScaling up finance to macrofinance?\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EHow do we scale up finance to be a macro discipline? Until the 1930s, most economic analysis did not separate out individual behaviour from aggregate behaviour. With the Great Depression of the 1930s and the development of the concept of national income and product statistics, the field of macroeconomics began to expand and the term ``macroeconomics’’ was coined by Ragnar Frisch in 1933. In a parallel to macroeconomics, it would be desirable for finance to become a truly macro discipline. And in a parallel to monetary policy, it would be desirable to find measures for assessing macro risk and financial stability that are widely understood, and that central banks can be held accountable for. This can coordinate and anchor expectations and pave the way for more systematic macroprudential policymaking.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Monetary policy and financial stability"},{"summary":"Our 11 March Policy Lab included a panel discussion drawing together expertise from regulators, fintech providers and private sector banks.","entryThumbnail":null,"image":{"altText":"George Kapetanios speaking at the Policy Lab on 11 March 2020 at the Science Gallery London. ","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"PolicyLab-121","entryDescription":null,"sys":{"id":"aec85b1e-cc4c-4ac6-ac8d-493b4f4278f6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fpolicylab-121.x93e60dc0.jpg?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-04-21T15:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Our 11 March Policy Lab included a panel discussion drawing together expertise from regulators, fintech providers and private sector banks.","relatedEvent":{"entryTitle":"Policy Lab: \"Challenges to Financial Stability\"","entryDescription":"This policy lab is dedicated to aspects of financial stability that play a central role in the rapidly changing and developing landscape of central bank policymaking. ","entryThumbnail":null,"sys":{"id":"95ce60d6-4c6e-4c03-9b8d-48a52e5b5537","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Fintech: Friend or Foe?","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-20T16:03:46.7910081Z","versionNo":"2.0","modified":"2023-04-26T10:40:36.0526883Z","modifiedBy":"k1812479","published":"2023-04-26T10:40:56.5567249Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"ffd6c42f-1cf8-4095-af5f-5be4e0ebe647","projectId":"website","slug":"fintech-friend-or-foe","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp class=\"MsoNormal\"\u003EOur 11 March Policy Lab included a panel discussion drawing together expertise from regulators, fintech providers and private sector banks. To enable a frank conversation, the discussion was held under ‘Chatham House’ rules. We summarise the key points below:\u003C\u002Fp\u003E\n\u003Ch4 class=\"MsoNormal\"\u003EWhy do we need to ask this question?\u003C\u002Fh4\u003E\n\u003Cp class=\"MsoNormal\"\u003EMaterial financial instability has always had its roots in new types of intermediaries and products. The UK’s secondary banking crisis of the 1970s was triggered by small banks lending heavily and with inadequate collateral, largely beneath the radar of the regulators. More recently the rise of the wholesale markets allowed institutions like Northern Rock to expand by raising short term money on the wholesale markets rather than being limited by the size of their retail deposit base.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EFintechs are a new type of intermediary and with the capacity to drive change faster than ever. The advent of the cloud has super-charged the use of machine learning and with it firms’ ability and desire to capture, store and process data. New players can use this data to capture market share by responding to consumer demand in new ways. In doing so, they have the potential to affect the stability of systemically important institutions by putting their margins under pressure.\u003C\u002Fp\u003E\n\u003Ch4 class=\"MsoNormal\"\u003EIf it looks like a duck and quacks like a duck, should you always regulate it like a duck?\u003C\u002Fh4\u003E\n\u003Cp class=\"MsoNormal\"\u003EThe success of many fintechs is based on their ability to provide consumers with the same services they once got from their bank, but cheaper, faster or better. However, there is usually a hidden trade-off. Pre-paid currency cards offer better exchange rates than a credit card, but without the same consumer protection. Peer-to-peer lenders beat the banks on interest rates, but are not part of the deposit protection scheme, despite being regulated in the UK by the Financial Conduct Authority.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EThere is a risk that consumers assume that if an app performs what feels like the same service for them as their bank, then their transaction will be regulated in the same way. As new types of provider proliferate, there is an argument for a much clearer system of consumer branding.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EHowever, regulators still need to balance their protective role with allowing positive innovation. This makes it undesirable to try to make a judgement on a new type of product or provider from the outset. They need to allow new products to gain some traction in order to properly understand the economic function that they perform and the appropriate regulatory approach. In the UK the Financial Conduct Authority has created a ‘regulatory sandbox’ to allow live experiments with new products and services in a closely controlled and monitored environment.\u003C\u002Fp\u003E\n\u003Ch4\u003EBig Tech companies in the finance space: too big to fail?\u003C\u002Fh4\u003E\n\u003Cp class=\"MsoNormal\"\u003ECloud computing has made large technology providers an essential part of the financial infrastructure. For institutions that had once built their own technology infrastructure in-house, this introduces new types of risk, especially if they are unable to switch easily to another provider. As use of cloud technology has evolved, there is a more mature appreciation of the risks, and where once they might have pushed to become an institution’s sole provider, cloud providers are increasingly likely to propose a hybrid model integrating cloud provision with an organisation’s own technology architecture, or even to be one of a number of cloud providers.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EWhile risks associated with use of the cloud may now be managed better, large technology companies are getting involved in financial services in new ways and increasingly are interested in offering products direct to consumers. In addition to Facebook’s Libra project, Google offers a credit card for Google Store purchases via Synchrony Bank. In Asia multi-functional platforms like WeChat make it difficult to unpick financial services from other consumer interactions, and many consider that other markets will evolve this way too.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EHow technology companies’ financial services operations are capitalised becomes an important question. Allowing well-capitalised technology companies to use the same capital base to underwrite banking-like activities could heighten the chances of collapse in the case of a shock, as was the case when Lloyds of London insurance syndicates were allowed to use the same capital to underwrite insurance, and to invest money to produce a return.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003ERegulators should also be wary of the fact that consumers are likely to implicitly trust a company that has been an integral part of their lives for the past decade. They may not consider the implications of using them as a financial services provider.\u003C\u002Fp\u003E\n\u003Ch4 class=\"MsoNormal\"\u003EDo the incumbents and the challengers have a different approach to risk?\u003C\u002Fh4\u003E\n\u003Cp class=\"MsoNormal\"\u003EMany fintechs are ‘data natives’ as well as digital natives - their whole proposition is often built around using and exploiting data in new ways. Regulators also now see data as a way to open up competition, through data sharing initiatives such as the Open Banking rules in the UK. This challenges the advantages banks had in lending - they were able to conduct better credit risk assessments because of their past knowledge of their customers’ business. While they still have access to the soft knowledge of a customer that they would gain from talking to a customer about their business plan in depth, the increased competition is likely to squeeze their profit margins so that they are tempted to lend unsustainably. It may also reduce the amount they feel able to invest in understanding customer behaviour properly, at the expense of providing a positive user experience.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EDespite a more competitive landscape, it is still likely that risks will be more concentrated in the new fintech providers. Their focus on a smooth customer experience may mean less rigorous interrogation of a potential customer’s circumstances, and they are also likely to attract customers that have been rejected by other lenders. In the UK and China a number of peer-to-peer lenders collapsed over the course of 2018-19, a trend which may accelerate in the face of the economic shock caused by Covid-19.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003ETraditional providers may have an advantage when it comes to technology risk too. They will have\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003Edecades of experience of technology risks through managing their own on-premise technology architecture. New players might not have this internal skill set. They may also be more reliant on buying services from vendors without being able to properly assess the risk of doing so.\u003C\u002Fp\u003E\n\u003Ch4 class=\"MsoNormal\"\u003EFintech as the regulator’s friend\u003C\u002Fh4\u003E\n\u003Cp class=\"MsoNormal\"\u003EAs well as risks, financial technology innovation can also bring substantial benefits that support regulatory and broader social goals. For example, fintech is enabling new identity management technologies, big data applications that help spot potential criminal activity, and machine-readable regulation that should make it easier for businesses to comply with their regulation.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EFintechs can also potentially support underserviced parts of the market. In the UK, when big bank lending to small to medium enterprises dried up in the wake of the financial crisis, peer to peer lending was a valuable lifeline for some small businesses. In emerging economies, some fintech companies are pioneering data-driven ways to assess a business’s creditworthiness based on how ‘connected’ a small business is with its local community.\u003C\u002Fp\u003E\n\u003Cp class=\"MsoNormal\"\u003EMeanwhile in China, the online-only insurance company Zhong An analyses vast amount of consumer data – from credit reports to browser habits, to offer protection for those who – like a micro-business owner whose main asset is their laptop - fall beneath the threshold that traditional insurers would consider.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Fintech: Friend or Foe?"},{"summary":"One of the crucial challenges facing epidemiologists and economists studying the evolution of the contagion and its economic effects is the lack of reliable data on the prevalence of the virus in the population.","entryThumbnail":null,"image":{"altText":"An image of Covid-19. ","transformations":null,"caption":"An image of Covid-19 viruses. ","asset":{"entryTitle":"780 Corona","entryDescription":null,"sys":{"id":"f9230323-e0c1-48f0-bdd3-e1c404960054","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Falumni\u002Fmain-article-780x450\u002F780-corona.xd8569a5e.jpg"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-04-29T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"One of the crucial challenges facing epidemiologists and economists studying the evolution of the contagion and its economic effects is the lack of reliable data on the prevalence of the virus in the population.","relatedEvent":null,"relatedLinks":[],"title":"Macroeconomic models in the Covid-19 crisis","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-27T15:01:37.3415459Z","versionNo":"6.0","modified":"2023-04-26T10:43:11.3521747Z","modifiedBy":"k1812479","published":"2023-04-26T10:43:30.3088859Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"c78eff6e-bc59-4ebb-968b-b363be7d7699","projectId":"website","slug":"qcgbf-macroeconomic-models-covid-19-crisis","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Dr Francesca Monti, Deputy Director of the Qatar Centre for Global Banking & Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003EThe current health crisis has triggered an economic crisis of enormous proportions. The shock, hopefully transitory, is nonetheless expected to produce the biggest fall in quarterly GDP growth in the last century at least. Attempts to forecast the evolution of the contagion, assess its economic consequences, and propose policy responses, have spurred a plethora of empirical and modelling work. The goal of this post is to zero in on a few of these contributions, highlighting the main insights and the key features of the models being developed.\u003C\u002Fp\u003E\n\u003Ch3\u003ELearning lessons from the past\u003C\u002Fh3\u003E\n\u003Cp\u003EOne of the crucial challenges facing epidemiologists and economists studying the evolution of the contagion and its economic effects is the lack of reliable data on the prevalence of the virus in the population. Randomised serology testing of the population, as advocated for example by Stock (2020), would be crucial in tackling these data challenges, but the tests are still being developed and are not widely deployed as yet.\u003C\u002Fp\u003E\n\u003Cp\u003EHistorical data can help assess the real economic effects of a pandemic and of the subsequent public health response. For example, Jorda, Singh and Taylor (2020) use data on the rates of return on assets stretching back to the 14th century, to study the long-run economic consequences of pandemics. They find that significant macroeconomic after-effects of the pandemics persist for about 40 years, with real rates of return substantially depressed. Barro, Ursua and Weng (2020) look at data on the 1918 Flu for 43 countries and find that higher flu deaths decreased realised real returns on stocks and that flu-generated declines for GDP and consumption are on average six per cent and eight per cent.\u003C\u002Fp\u003E\n\u003Cp\u003ECorreia, Luck and Verner (2020) use regional data from the 1918 Flu Pandemic in the US – exploiting regional variation in severity of the pandemic and intensity on the public health interventions (e.g. social distancing measures) – and uncover two key findings. First, more exposed areas experienced a sharp and persistent decline in economic activity, and this downturn was driven by both supply-side and demand-side channels. Interestingly, however, they also find that social distancing measures do not seem to worsen the downturn: to the contrary, evidence on manufacturing activity and bank assets suggests that the economy performed better after the pandemic in areas with more aggressive public health policies. The reason is that, even if the restrictions depress economic activity when they are in place, such measures can mitigate the most severe and persistent economic disruptions, by reducing the severity of the pandemic.\u003C\u002Fp\u003E\n\u003Cp\u003ETo really get a sense of the channels through which these policies affect the economy, and to design appropriate policies, macroeconomic models are essential. And indeed the recent weeks have seen an explosion of newly developed models aimed at addressing the most burning economic questions of the Covid-19 crisis. We will focus on a few of these.\u003C\u002Fp\u003E\n\u003Ch3\u003EIntegrating epidemiologic and macroeconomic models\u003C\u002Fh3\u003E\n\u003Cp\u003EThese macroeconomic models integrate an epidemiological block to study, jointly, the dynamics of epidemics and their macroeconomic effects. Among the most common epidemiological models is the classic SIR model, proposed by Kermack and McKendrick (1927) and still used extensively, e.g. Ferguson et al (2020), to model the evolution of the contagion. The canonical model (abstracting from deaths) identifies population groups – susceptibles (\u003Cem\u003ES\u003C\u002Fem\u003E), infected (\u003Cem\u003EI\u003C\u002Fem\u003E) and recovered (\u003Cem\u003ER\u003C\u002Fem\u003E) – and describes the evolution of the disease through the whole population (\u003Cem\u003EN\u003C\u002Fem\u003E) in terms of transition equations into the various states. The discrete time version of the basic SIR model is:\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":"w=250&h=103","caption":"","asset":{"entryTitle":"equation1-cropped-397x164","entryDescription":null,"sys":{"id":"53d4d25e-5bf4-42ab-80d2-d10767886bc9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fequation1-cropped-397x164.x8aea0d2c.jpg?w=250&h=103"}}}},{"type":"markup","value":"\u003Cp\u003EThe transition probabilities between health states, β and γ, as well as the total number of people an infected person infects, R\u003Csub\u003E0\u003C\u002Fsub\u003E, which is equal to the ratio of β over γ in this model, are exogenous parameters and do not account for the interaction between economic decisions and rates of infection.\u003C\u002Fp\u003E\n\u003Ch4\u003EAccounting for the role of economic decisions in the evolution of the pandemics\u003C\u002Fh4\u003E\n\u003Cp\u003EEichenbaum, Rebelo and Trabandt (2020) address this shortcoming, by studying the interaction between economic decisions and epidemic dynamics, integrating a SIR model with an representative agent new Keynesian macroeconomic model. In their model an epidemic has both aggregate demand and aggregate supply effects. People who are working risk being infected by the virus in the workplace: they react to that risk by reducing their labour supply. The demand effect arises because the epidemic exposes people who are purchasing consumption goods to the virus and they react to that risk by reducing their consumption. The combination of supply and demand effects determine a large, persistent recession.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this model, it is possible to prevent the infection from spreading by adopting large, permanent containment measures, proxied by a tax on consumption. Such measures however would create a persistent economic depression. Moreover, the population would never reach herd immunity and infections would recur if containment was ever relaxed. So, in this model, it is optimal to gradually ramp up containment measures as infections rise and slowly relax them as new infections wane and the population approaches the critical immunity level. This would allow to build up the fraction of the population that is immune and contain when the level of infections is high.\u003C\u002Fp\u003E\n\u003Ch4\u003EUnderstanding the uneven distribution of costs of the crisis and the policy response\u003C\u002Fh4\u003E\n\u003Cp\u003EThe benefits and the economic costs of the pandemic and the associated mitigation policies are unevenly distributed in different sectors and groups in society, so several researchers have started looking at multi-sector models to quantify the large distributional implications of the lock-down policies that have been put in place in most countries. Glover et al. (2020), for example, build a model in which individuals can differ along several dimensions. They can be of working age or retired: the former work and are relatively less likely to face serious illness or death from infection than the latter. The latter have a higher risk of serious outcomes from the disease and are not in work, so do not bear the brunt of the economic consequences of the lock-down policies. Within the working age group, there are those working in critical sectors and those working in sectors that produce goods and services that are considered luxuries, whose jobs will be more severely affected by the lock-down policies. These differential effects imply a need for potentially large redistributive public policies. And these groups, being affected very differently by the lock-down policies, will have different views about the optimal mitigation strategy which also depend on the potential redistributive public policies put in place.\u003C\u002Fp\u003E\n\u003Cp\u003EIn the model by Glover et al. (2020), the household sector with heterogeneous individuals (workers in the two sectors and retired people) is integrated with an epidemiological block in which consumption, production, caring for the sick and purely social interactions affect the dynamics of the transmission, and a government block with tools to implement containment policies and redistributive policies. This model shows that the welfare gains and losses of containment policies are likely to be unevenly distributed across different segments of society. The degree of lock-down that is optimal in the model depends also on the cost of the redistributive policies, but Glover et al. (2020) suggest that, in their baseline calibration for the US, the shut-down in place on 12 April was too extensive, but that a partial shutdown in place through July would be optimal.\u003C\u002Fp\u003E\n\u003Ch4\u003ELiquidity matters and could significantly affect policy trade-offs\u003C\u002Fh4\u003E\n\u003Cp\u003EKaplan, Moll and Violante (2020) integrate a SIR model in a macroeconomic model that can account for distributional effects and incomplete consumption insurance, as households in their model face uninsured labour income risk and health risk. In addition to the SIR epidemiological block, which is modified so that infection rates depend on economic behaviour, their richly detailed model features heterogeneity in assets (liquid and illiquid), consumption goods (regular consumption, social consumption and home production) and occupations, which are characterised by their flexibility (substitutability of work with remote work, which is less efficient) and their intensity of \"social'' goods and services production.\u003Csup\u003E1\u003C\u002Fsup\u003E In this way they can account for both labour supply effects of the lock-down, coming primarily from the people who are able to work remotely, but less efficiently, and labour demand effects coming from people whose job in the non-critical goods and services industry is cut. Their preliminary findings point to the fact that the people in jobs with low flexibility, who are most affected by the containment policies, also tend to have less liquid assets and this could significantly affect the policy trade-offs.\u003C\u002Fp\u003E\n\u003Ch4\u003EExactly how stark is the perceived trade-off between health and wealth?\u003C\u002Fh4\u003E\n\u003Cp\u003EBodenstein, Corsetti and Guerrieri (2020) challenge the ideas that there is a trade-off between health and wealth and that social distancing policies save lives, but determine lower growth than inaction. They make this point in a two-sector growth model, which features a core sector that produces intermediate inputs not easily replaced by inputs from the other sector, subject to minimum-scale requirements. In this model, if the infection is not mitigated by social distancing measures, a much higher proportion of workers in the core sector will get ill and not be able to work and this will, because of the low substitutability of labour inputs and because of the minimum scale requirements, cause very large upfront economic costs in terms of output, consumption and investment. These results seem to be in line with the findings of Correia, Luck and Verner (2020) for the 1918 Flu Pandemic. Bodenstein, Corsetti and Guerrieri (2020) also argue that social distancing measures can reduce these costs, especially if skewed towards non-core industries and occupations with tasks that can be performed from home, helping to smooth the surge in infections among workers in the core sector.\u003C\u002Fp\u003E\n\u003Ch3\u003ELooking forward\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Covid-19 crisis is an epochal event that has spurred a flurry of new research and will continue to do so for some time. In this piece we focused on a few of the exponentially growing contributions on the macroeconomics of pandemics, selected because of their novel use of historical data and their focus on aspects of this crisis that are important for policy, such as the uneven distribution of the health and economic implications of the crisis. Other important issues for central banks in particular will revolve around the efficacy of monetary policy tools, the coordination of monetary and fiscal policy and the role of macroprudential policy in this crisis.\u003C\u002Fp\u003E\n\u003Cp\u003E1. For example, a software engineer and an event planner have jobs that can be relatively easily done remotely, but the event planner has a much higher intensity of \"social'' services production. On the other end of the flexibility spectrum, a mechanic and a waiter have jobs that cannot be done remotely, but the former produces a good that has low social intensity.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003EReferences\u003C\u002Fh3\u003E\n\u003Cp\u003EBarro, Robert J., José F. Ursúa, Joanna Weng, 2020. ``The Coronavirus and the Great Influenza Pandemic: Lessons from the \"Spanish Flu\" for the Coronavirus's Potential Effects on Mortality and Economic Activity.'' NBER Working Paper No. 26866\u003C\u002Fp\u003E\n\u003Cp\u003EBodenstein, M, Corsetti, G and Guerrieri, L. 2020. 'Social Distancing and Supply Disruptions in a Pandemic'. London, Centre for Economic Policy Research. \u003Ca href=\"https:\u002F\u002Fcepr.org\u002Factive\u002Fpublications\u002Fdiscussion_papers\u002Fdp.php?dpno=14629\"\u003Ehttps:\u002F\u002Fcepr.org\u002Factive\u002Fpublications\u002Fdiscussion_papers\u002Fdp.php?dpno=14629\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ECorreia, Sergio and Luck, Stephan and Verner, Emil, Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu (March 30, 2020). Available at SSRN: \u003Ca href=\"https:\u002F\u002Fssrn.com\u002Fabstract=3561560\"\u003Ehttps:\u002F\u002Fssrn.com\u002Fabstract=3561560\u003C\u002Fa\u003E or \u003Ca href=\"http:\u002F\u002Fdx.doi.org\u002F10.2139\u002Fssrn.3561560\"\u003Ehttp:\u002F\u002Fdx.doi.org\u002F10.2139\u002Fssrn.3561560\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EEichenbaum, Martin S., Sergio Rebelo, and Mathias Trabandt, 2020. ``The Macroeconomics of Epidemics.'' NBER Working Paper No. 26882\u003C\u002Fp\u003E\n\u003Cp\u003EFerguson, Neil M., Daniel Laydon, Gemma Nedjati-Gilani, Natsuko Imai, Kylie Ainslie, Marc Baguelin, Sangeeta Bhatia, Adhiratha Boonyasiri, Zulma Cucunubá, Gina Cuomo-Dannenburg, Amy Dighe, Ilaria Dorigatti, Han Fu, Katy Gaythorpe, Will Green, Arran Hamlet, Wes Hinsley, Lucy C Okell, Sabine van Elsland, Hayley Thompson, Robert Verity, Erik Volz, Haowei Wang, Yuanrong Wang, Patrick GT Walker, Caroline Walters, Peter Winskill, Charles Whittaker, Christl A Donnelly, Steven Riley, Azra C Ghani, 2020. “Impact of non-pharmaceutical interventions (NPIs) to reduce COVID19 mortality and healthcare demand.” \u003Ca href=\"https:\u002F\u002Fwww.igmchicago.org\u002Fwp-content\u002Fuploads\u002F2020\u002F03\u002Fcoronavirus_shutdown_dynamics_econ_v2.pdf\"\u003Ehttps:\u002F\u002Fwww.imperial.ac.uk\u002Fmedia\u002Fimperial-college\u002Fmedicine\u002Fsph\u002Fide\u002Fgida-fellowships\u002FImperial-College-COVID19-NPI-modelling-16-03-2020.pdf\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EGlover, Andrew, Jonathan Heathcote, Dirk Krueger and Jose-Victor Rios-Rull, 2020. ``Health versus Wealth: On the Distributional Effects of Controlling a Pandemic.'' Mimeo. \u003Ca href=\"http:\u002F\u002Fwww.jonathanheathcote.com\u002Fhealthwealth.pdf\"\u003Ehttp:\u002F\u002Fwww.jonathanheathcote.com\u002Fhealthwealth.pdf\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EJordà, Òscar, Sanjay R. Singh, Alan M. Taylor. 2020. “Longer-Run Economic Consequences of Pandemics,” Federal Reserve Bank of San Francisco Working Paper 2020-09. \u003Ca href=\"https:\u002F\u002Fdoi.org\u002F10.24148\u002Fwp2020-09\"\u003Ehttps:\u002F\u002Fdoi.org\u002F10.24148\u002Fwp2020-09\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EKaplan, Greg, Benjamin Moll and Gionluca Violante, 2020. \"Pandemics According to HANK.'' Mimeo.\u003C\u002Fp\u003E\n\u003Cp\u003EKermack, William Ogilvy, and Anderson G. McKendrick A Contribution to the Mathematical Theory of Epidemics,î Proceedings of the Royal Society of London, series A 115, no. 772 (1927): 700-721.\u003C\u002Fp\u003E\n\u003Cp\u003EStock, James H., 2020. Coronavirus Data Gaps and the Policy Response to the Novel Coronavirus\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Macroeconomic models in the Covid-19 crisis"},{"summary":"If a relaxation in regulatory capital requirements is ever likely to be effective, it is now.","entryThumbnail":null,"image":{"altText":"An image of the Bank of England and central London.","transformations":null,"caption":"In contrast to 2008, central banks and financial regulators have spent much of the past decade building resilience into their financial systems in the name of macroprudential policy. ","asset":{"entryTitle":"Bank of england","entryDescription":null,"sys":{"id":"27a248b5-318a-418f-aecf-0a9be40bc187","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002FBank-of-england.x04725666.jpg"}}},"regions":[{"entryTitle":"Australia","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0a7188bc-22de-499c-91d7-4cbb45318643","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}},{"entryTitle":"Europe","entryDescription":null,"entryThumbnail":null,"sys":{"id":"bd59677c-1de6-47c2-ad9d-542e6c479ea3","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}},{"entryTitle":"USA","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f8d11955-921d-47d6-af0b-f2bce04fc380","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-04-30T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"If a relaxation in regulatory capital requirements is ever likely to be effective, it is now.","relatedEvent":null,"relatedLinks":[],"title":"Role of macroprudential policy in the Covid crisis","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-27T14:16:51.1498662Z","versionNo":"3.0","modified":"2023-04-26T10:44:01.4131572Z","modifiedBy":"k1812479","published":"2023-04-26T10:44:20.3281311Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"69e0235f-2862-4d94-8c04-9ac9bf58f742","projectId":"website","slug":"qcgbf-role-macroprudential-policy-covid-crisis","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking & Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003E2008 was a crisis of finance. The Covid crisis is different – governments around the world have deliberately put their economies in medically-induced comas to flatten the curve of the pandemic. The consequence collapse in economic activity will, however, spill over to financial systems all the same, as losses from borrower defaults and asset price falls threaten financial stability.  \u003C\u002Fp\u003E\n\u003Cp\u003EIn contrast to 2008, central banks and financial regulators have spent much of the past decade building resilience into their financial systems in the name of macroprudential policy. Banks now have substantial capital and liquidity buffers, and mortgage borrowing by households has been curbed in many countries.  The aim of these policies is to prevent shocks being amplified by the financial system as happened so dramatically in 2008.  \u003C\u002Fp\u003E\n\u003Cp\u003EIn this article, we ask how effective these measures are likely to be in the current crisis. We examine the steps taken since the Covid outbreak began and describe their intended effects. We also assess whether countries have responded in similar ways with the aim of sharing best practices. To preview our conclusion, while macroprudential policies are playing perhaps a tertiary role in the crisis – behind health policies and fiscal\u002Fliquidity injections. Nevertheless, the responses we’ve seen have been impressive in their speed and innovation and should help the financial system act as a shock-absorber this time round.\u003C\u002Fp\u003E\n\u003Ch3\u003EThe aim of macroprudential policy in this crisis\u003C\u002Fh3\u003E\n\u003Cp\u003ESince the Covid crisis began, macroprudential regulators have sought to enable banks to use their built-up resilience to support the economy now. In particular, most actions have relaxed banks’ capital requirements. Why is this?\u003C\u002Fp\u003E\n\u003Cp\u003EBank balance sheets are being hit in several ways by the Covid crisis. Some of the loans that banks extended in the past will go sour as unemployment and company insolvencies increase. Moreover, new “expected loss” provisioning rules being phased-in globally will bring forward some of these hits to capital to the present. The higher risk of loss will also mean an increase in measured risk weighted assets, mechanically reducing banks’ capital ratios. And banks will be under intense pressure from governments to provide liquidity to customers during the lock-down, with the expansion in their balance sheets also reducing their capital ratios.\u003C\u002Fp\u003E\n\u003Cp\u003EAll else equal, this erosion in capital – or indeed just its prospect – would create strong incentives for banks to shrink their assets, either by stopping lending to households and companies (causing a “credit crunch”) or by fire-selling securities. Either route would have severe contractionary consequences for the economy.\u003C\u002Fp\u003E\n\u003Cp\u003ETo see why, consider a banking system with a balance sheet of £1 trillion and a leverage ratio of five per cent – even after all the Basel III reforms, this leverage ratio is roughly that of advanced economy banking systems entering this crisis.  If this system suffers a £10bn loss, it will need to contract its balance sheet by £200bn to maintain its pre-shock capital ratio. Leverage is a huge amplifier of shocks!\u003C\u002Fp\u003E\n\u003Cp\u003EThis adverse process can be short-circuited if instead banks allow their capital ratios to fall following the shock. In our simple example, if the banking system absorbs the £10bn hit to its capital by allowing its leverage ratio to fall to four per cent, it no longer needs to shrink assets and the shock is no longer amplified. Equivalently, we might say that the lending capacity of the banking system in this case is £200bn higher than when its leverage ratio must remain at five per cent. This extra lending capacity is precisely what macroprudential regulators are trying to achieve by relaxing capital requirements now.\u003C\u002Fp\u003E\n\u003Cp\u003EIf a relaxation in regulatory capital requirements is ever likely to be effective, it is now. The demand from households and companies for bank credit to meet liquidity needs is very high. And while bank equity prices have fallen significantly, we do not appear to be in a situation where solvency concerns mean that the market-imposed constraint is binding.\u003C\u002Fp\u003E\n\u003Ch3\u003EWhat specific macroprudential actions have been taken?  \u003C\u002Fh3\u003E\n\u003Ch4\u003E\u003Cstrong\u003ECountercyclical capital buffers (CCyB)\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003ECutting the CCyB is the most direct and transparent way of achieving a relaxation in required capital. The chart below plots CCyB rates for the 15 countries that have activated this tool to date (I’ve included Canada and Switzerland, which had similar tools in place). The blue bars show the rates in effect at the end of 2019, with the lighter shade indicating decisions that had not yet taken binding effect. The orange bars are the rates in effect at the time of writing (9 April).  \u003C\u002Fp\u003E\n\u003Cp\u003EIt’s encouraging that this tool is being used exactly as intended. Most countries have already released this buffer, either in full or substantially (the exceptions are Luxembourg, Bulgaria, Slovakia). This puts paid to the often-heard critique that these buffers would never be reduced. In most cases, releases have been accompanied by commitments that the buffer will not be hiked any time soon (eg the UK’s FPC has committed to the buffer remaining at zero per cent for at least 12 months). This “time-based forward guidance” removes once source of uncertainty in banks’ capital planning decisions, which should make it easier for them to support the economy.\u003C\u002Fp\u003E\n\u003Cp\u003EWhile the buffers built up prior to this crisis are on the small side (I’ve \u003Ca href=\"https:\u002F\u002Fwww.aeaweb.org\u002Farticles?id=10.1257\u002Fjep.33.1.107\"\u003Epreviously argued\u003C\u002Fa\u003E that buffers around five per cent would be desirable) , the impact of their removal on lending capacity can be large – this is just the flip-side of how leveraged banks currently are. The release of the one per cent CCyB rate in the UK reduces the aggregate capital requirement by less than half a per cent. But it means the UK banking system can absorb around £11 billion of losses while maintaining its current lending path, or equivalently, it can preserve its lending capacity by £200-250bn.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Note: * The domestic stability buffer set by OSFI, the Canadian prudential regulator. \n** The countercyclical buffer applied to mortgage exposures by the Swiss Federal Council. \n\nSource: European Systemic Risk Board, Banque de France, Czech National Bank, the Office of the Superintendent of Financial Institutions, the Hong Kong Monetary Authority, Swiss Federal Council, Central Bank of Iceland, Commission de Surveillance de Secteur Financier.\n","asset":{"entryTitle":"MacroprudentialCCR","entryDescription":null,"sys":{"id":"65830eed-c44f-4a0f-93da-c209a8cb7433","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fmacroprudentialccr.x87a815da.jpg"}}}},{"type":"markup","value":"\u003Ch4\u003E\u003Cstrong\u003EOther capital buffers\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EBy contrast, other capital buffers do not have an explicit release mechanism, and as such, it’s likely to prove more difficult to encourage their use. For example, the 2.5 per cent capital conservation buffer and domestic and global systemic importance buffers cannot be cut. Banks can enter these buffers but will face restrictions on their dividends and bonuses if they do. They may prefer to shrink assets to avoid these restrictions. \u003C\u002Fp\u003E\n\u003Cp\u003EFor this reason, regulators have had to innovate on the fly. One approach has been to ease temporarily how some rules are enforced. The clearest example is by APRA, the Australian prudential regulator. On 19 March, \u003Ca href=\"https:\u002F\u002Fwww.apra.gov.au\u002Fnews-and-publications\u002Fapra-adjusts-bank-capital-expectations\"\u003EAPRA announced\u003C\u002Fa\u003E that, provided banks meet minimum requirements, it will be relaxed about banks’ capital positions during the Covid-19 disruption.  Similarly, on 12 March, \u003Ca href=\"https:\u002F\u002Fwww.bankingsupervision.europa.eu\u002Fpress\u002Fpr\u002Fdate\u002F2020\u002Fhtml\u002Fssm.pr200320_FAQs~a4ac38e3ef.en.html\"\u003Ethe ECB announced\u003C\u002Fa\u003E it was releasing its “Pillar 2G” stress test buffer in full until further notice – removing around €90 billion in required CET1. And the Canadian prudential regulator \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Ffi-if\u002Fin-ai\u002FPages\u002FDTI20200327_let.aspx\"\u003EOSFI announced\u003C\u002Fa\u003E a temporary reduction in the “stressed VaR” multiplier it applies when calculating capital requirements on banks’ trading books.\u003C\u002Fp\u003E\n\u003Cp\u003EAnother innovation has been to make running repairs to existing rules to ensure they work with the grain of other policy measures. An example here is the exemption of central bank reserves and government securities from the leverage ratio. This idea, which originated at the Bank of England after the Brexit referendum, aims to ensure the leverage ratio isn’t a barrier to quantitative easing measures. On 1 April, the \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fnewsevents\u002Fpressreleases\u002Fbcreg20200401a.htm\"\u003EFed announced\u003C\u002Fa\u003E reserves and Treasuries will be exempted from the supplementary leverage ratio until March 2021. Whereas the BoE’s response was capital neutral in its implementation, the Fed’s approach will relax Tier 1 capital requirements by around $17 billion.  \u003C\u002Fp\u003E\n\u003Cp\u003EIn similar vein, many regulators have adjusted their capital rules to assign zero risk weights to new loans to small businesses created through government support programmes (e.g. \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fnewsevents\u002Fpressreleases\u002Fbcreg20200409a.htm\"\u003Ethis\u003C\u002Fa\u003E by the Fed, and \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Fosfi-bsif\u002Fmed\u002FPages\u002Fnr20200330.aspx\"\u003Ethis\u003C\u002Fa\u003E by OSFI). \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Ffi-if\u002Fin-ai\u002FPages\u002FDTI20200327_let.aspx\"\u003EOSFI also announced\u003C\u002Fa\u003E that loans subject to payment deferrals will not be treated as delinquent for the purpose of calculating risk weights.\u003C\u002Fp\u003E\n\u003Cp\u003EWe’ve also seen regulators scramble to fast-forward the introduction of some previously planned measures where the impact will loosen requirements. For instance, \u003Ca href=\"https:\u002F\u002Fwww.bankingsupervision.europa.eu\u002Fpress\u002Fpr\u002Fdate\u002F2020\u002Fhtml\u002Fssm.pr200320_FAQs~a4ac38e3ef.en.html\"\u003Ethe ECB is \u003C\u002Fa\u003Ebringing forward rules that will allow banks to meet a larger proportion of their minimum capital requirement with coco bonds and subordinated debt instruments (under “CRDV”). This will reduce required CET1 capital by €30 billion euros.  Similarly, the \u003Ca href=\"https:\u002F\u002Fwww.federalregister.gov\u002Fdocuments\u002F2020\u002F03\u002F31\u002F2020-06755\u002Fstandardized-approach-for-calculating-the-exposure-amount-of-derivative-contracts\"\u003EFed announced\u003C\u002Fa\u003E that it will be allowing banks to adopt early a more lenient approach to measuring the exposure in derivative contracts.\u003C\u002Fp\u003E\n\u003Cp\u003EFinally, the \u003Ca href=\"https:\u002F\u002Fwww.bis.org\u002Fbcbs\u002Fpubl\u002Fd498.pdf\"\u003EBasel Committee has amended\u003C\u002Fa\u003E its guidance for the capital treatment of new expected loss provisioning rules to reduce their impact on CET1 capital for the next two years.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EDividend restrictions         \u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EWhile most countries have relaxed capital requirements in one form or another, far more controversial has been the decision to require banks to suspend dividends, share buy-backs and bonus payments.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Swedish regulator \u003Ca href=\"https:\u002F\u002Ffi.se\u002Fen\u002Fpublished\u002Fpress-releases\u002F2020\u002Ffi-expects-banks-and-credit-market-companies-to-stop-dividend-payments\u002F\"\u003EFinansinspektionen\u003C\u002Fa\u003E was the first to do this, despite Swedish banks having capital ratios that are high by international standards. The \u003Ca href=\"https:\u002F\u002Fwww.bankingsupervision.europa.eu\u002Fpress\u002Fpr\u002Fdate\u002F2020\u002Fhtml\u002Fssm.pr200320_FAQs~a4ac38e3ef.en.html\"\u003EECB\u003C\u002Fa\u003E and the \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fprudential-regulation\u002Fpublication\u002F2020\u002Fpra-statement-on-deposit-takers-approach-to-dividend-payments-share-buybacks-and-cash-bonuses\"\u003EBank of England\u003C\u002Fa\u003E then followed suit. \u003Ca href=\"https:\u002F\u002Fwww.apra.gov.au\u002Fcapital-management\"\u003EAPRA\u003C\u002Fa\u003E has requested Australian banks and insurers limit discretionary distributions. And \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Fosfi-bsif\u002Fmed\u002FPages\u002Fnr_20200313.aspx\"\u003EOFSI\u003C\u002Fa\u003E has suspended share buy-backs for Canadian banks. US regulators, by contrast, have not intervened in this way.\u003C\u002Fp\u003E\n\u003Cp\u003EBlanket, across-the-board suspensions were explicitly not part of the \u003Cem\u003Eex ante\u003C\u002Fem\u003E plan for dealing with a crisis. Basel 3 raised capital requirements by a factor of ten to ensure banks would have enough capital entering the next crisis. An individual bank would face dividend restrictions only if losses meant its capital fell below particular thresholds. The pay-out restrictions we’ve seen in this crisis are far more nuclear – they shut down dividends for all banks, regardless of their capital position.\u003C\u002Fp\u003E\n\u003Cp\u003EWhy have regulators done this? First, given the scale of the unfolding crisis, some regulators may simply be worried that existing buffers won’t suffice. While regulators deny this, they remain scarred by the \u003Ca href=\"https:\u002F\u002Fvoxeu.org\u002Farticle\u002Famidst-crisis-banks-are-still-paying-dividends\"\u003Eexperience of the last crisis\u003C\u002Fa\u003E where banks continued to return significant amounts of capital to shareholders even as the crisis was unfolding. Recall that each £1 of retained capital can be levered to create around £20 in new loans, so forcing banks to retain capital is simply prudent at this stage. After all, UK banks were expecting to return £25 billion in capital to their shareholders over 2019-20 and pay bonuses of over £11 billion.  \u003C\u002Fp\u003E\n\u003Cp\u003ESecond, there has been a transatlantic divide in the way stress testing programmes have operated with respect to dividends. As a \u003Ca href=\"https:\u002F\u002Fwww.brookings.edu\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002Feffects-of-stress-test-paper.pdf\"\u003Erecent paper\u003C\u002Fa\u003E by Don Kohn and Nellie Liang emphasises, the Fed’s CCAR stress tests prevent banks from bolstering their capital positions by assuming lower pay-outs during the stress scenario – in effect, this has forced US banks to pre-fund their dividend plans with adequate capital. In contrast, the BoE’s stress test results are less conservative and allow banks to assume an almost complete suspension of distributions during the stress (see box 5 of their latest \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002F-\u002Fmedia\u002Fboe\u002Ffiles\u002Ffinancial-stability-report\u002F2019\u002Fdecember-2019.pdf?la=en&hash=99431A541357AC6D601A99B950455E2344C12901#page=12\"\u003Eresults document\u003C\u002Fa\u003E). The differing responses of macroprudential authorities in the crisis is therefore consistent with what was baked into pre-shock stress testing approaches.\u003C\u002Fp\u003E\n\u003Cp\u003EThird, there is a theoretical argument that imposing a blanket ban on distributions will help make other buffers more usable. The argument here is that it removes the stigma of banks entering their capital conservation and systemic risk buffers. As none of their competitors will be paying dividends either, there is no adverse signal \u003Cem\u003Eper se\u003C\u002Fem\u003E in a bank allowing its capital ratio to fall into the region subject to mandatory distribution restrictions. (\u003Ca href=\"https:\u002F\u002Fwww.bis.org\u002Fpubl\u002Fwork580.pdf\"\u003EThis paper\u003C\u002Fa\u003E by Viral Acharya and co-authors presents a model in which dividend pay-outs create negative externalities for other banks).  \u003C\u002Fp\u003E\n\u003Ch3\u003EConcluding thoughts\u003C\u002Fh3\u003E\n\u003Cp\u003EThe table below summarises how macroprudential authorities in different countries have responded so far to the Covid crisis.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Macroprudential responses to the Covid crisis in the United States, European Union, United Kingdom, Canada, Sweden and Australia.","asset":{"entryTitle":"Macrorates","entryDescription":null,"sys":{"id":"ca9f3000-9391-4a11-8b6c-4d42e51e0a81","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002FMacrorates.x96489fc3.JPG"}}}},{"type":"markup","value":"\u003Cp\u003EOverall, banks have been granted a material reduction in their capital requirements via releases in the CCyB and a variety of other ad hoc measures. Many regulators have also rightly suspended dividends. In principle, these actions should provide them significant lending capacity to support the real economy during the crisis. Of course, the reckoning on the effectiveness of these various measures – and in particular whether banks should have had higher usable capital buffers entering the crisis – will come.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Role of macroprudential policy in the Covid crisis"},{"summary":"In Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability.","entryThumbnail":null,"image":{"altText":"An image of the Paris La Defense skyline.","transformations":"w=1088&h=816&crop=780,440,175,97","caption":"","asset":{"entryTitle":"LaDefense","entryDescription":null,"sys":{"id":"52aa19cd-ff8a-4395-bcdf-e43994df87ab","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002FLaDefense.x2002e745.jpg?w=1088&h=816&crop=780,440,175,97"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-05-04T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability.","relatedEvent":null,"relatedLinks":[],"title":"Do central bank stress tests encompass the Covid crisis?","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-27T16:31:18.3284657Z","versionNo":"5.0","modified":"2023-04-26T10:44:51.6726451Z","modifiedBy":"k1812479","published":"2023-04-26T10:45:05.352244Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"98934154-b146-401d-a834-196f19a240bd","projectId":"website","slug":"qcgbf-do-central-bank-stress-tests-encompass-covid-crisis","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Eleonora Muzzupappa","entryDescription":"Associate Professor (Senior Lecturer) in Banking and Finance ","entryThumbnail":null,"sys":{"id":"0ae7ef1b-0765-46c6-9879-b5393d77acc9","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking & Finance and Dr Eleonora Muzzupappa, Teaching Fellow in Banking and Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003EIn Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability. While the risks associated with a pandemic were at the top of governmental \u003Ca href=\"https:\u002F\u002Fassets.publishing.service.gov.uk\u002Fgovernment\u002Fuploads\u002Fsystem\u002Fuploads\u002Fattachment_data\u002Ffile\u002F61934\u002Fnational_risk_register.pdf\"\u003Erisk\u003C\u002Fa\u003E registers, there had not been a recent regulatory stress test to gauge how the financial system might fare in such an event. Despite this, the Covid shock is manifesting itself in steep falls in activity globally and in large drops in various asset prices – scenarios that have been front-and-centre in central banks’ stress testing programmes since the last crisis.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this piece, we ask: do central bank stress tests “encompass” (i.e. assume a more severe stress than) the Covid crisis? As banks tend to be capitalised to pass these stress tests, answering this question helps us understand the solvency threats banks are likely to face in the period ahead.\u003C\u002Fp\u003E\n\u003Ch3\u003EEconomic indicators vs stress scenarios\u003C\u002Fh3\u003E\n\u003Cp\u003ETo examine this question, we compare movements in a variety of economic indicators since the outbreak began with the assumptions used in the latest stress tests run by the \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fnewsevents\u002Fpressreleases\u002Ffiles\u002Fbcreg20190213a1.pdf\"\u003EFed Board\u003C\u002Fa\u003E, the \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fnews\u002F2019\u002Fmarch\u002Fkey-elements-of-the-2019-stress-test\"\u003EBank of England\u003C\u002Fa\u003E, and the \u003Ca href=\"https:\u002F\u002Fwww.esrb.europa.eu\u002Fmppa\u002Fstress\u002Fshared\u002Fpdf\u002Fesrb.20180131_EBA_stress_test_scenario__macrofinancial.en.pdf\"\u003EEuropean Banking Authority (EBA)\u003C\u002Fa\u003E. In particular,\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EFor the financial market variables, we compare the assumed paths in stress scenarios against developments in equivalent variables from the start of this year through 20 April. We also use local peaks or troughs experienced since the Covid outbreak began as a comparison point.\u003C\u002Fli\u003E\n\u003Cli\u003EFor real economy variables (growth and unemployment), we compare stress scenario paths against the International Monetary Fund’s latest \u003Ca href=\"https:\u002F\u002Fwww.imf.org\u002Fen\u002FPublications\u002FWEO\u002FIssues\u002F2020\u002F04\u002F14\u002Fweo-april-2020\"\u003EWorld Economic Outlook\u003C\u002Fa\u003E (WEO) projections, published in April – the latest consistent set of macroeconomic forecasts available at the time this article was written.  \u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EA caveat is in order before we delve into this comparison. Market prices obviously provide a noisy signal of the eventual scale of disruption this crisis will bring. This statement applies \u003Cem\u003Ea fortiori\u003C\u002Fem\u003E to economic forecasts in these unprecedented circumstances – these will be revised substantially as the duration of the lock-down becomes clearer. Given this, the exercise is best thought of as an interim assessment of whether the Covid crisis is likely to overwhelm the capital buffers banks have built up.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EFederal Reserve Board\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EChart 1 compares the shocks to asset prices (upper panel) and real economy variables (lower panel) in the Fed’s 2019 “Severely Adverse” scenario with developments we’ve seen in the Covid crisis to date. The blue bars show stress test values; red bars show movements in the data this year; green bars are IMF’s WEO projections.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EChart 1: Fed Board 2019 Severely Adverse Scenario vs data outturns and IMF forecasts\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart1A","entryDescription":null,"sys":{"id":"93372af2-8e94-48cc-a023-92bda310e861","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart1a.x869c1051.jpg"}}}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart1B","entryDescription":null,"sys":{"id":"130d54dc-5dea-4d2a-b8fc-45ed13454b0b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart1b.x456365aa.jpg"}}}},{"type":"markup","value":"\u003Cp\u003EThe Fed’s 2019 stress test measures up quite well against financial market developments to date. The shocks assumed to equity prices, corporate bond spreads and prices of Collateralised Loan Obligations (CLOs) – securitised tranches of risky corporate debt – are significantly greater than what we’ve seen in the Covid crisis so far. And while at one point in recent weeks the jump in the VIX – a measure of expected volatility in US equity markets – had exceeded that assumed in the stress test, it is now comfortably below this level.\u003C\u002Fp\u003E\n\u003Cp\u003EThe judgement is more finely balanced for property prices, which we benchmark against movements in an index of US-focused Real Estate Investment Trusts (REITs), covering both residential and commercial property. REITs were down almost 40per cent at one point this year, and at the time of writing are 25 per cent lower. If this proves to be a good forecast for actual house price falls, it may be uncomfortably close to the 26 per cent drop assumed in the Fed’s scenario.\u003C\u002Fp\u003E\n\u003Cp\u003EOne area where the shock exceeds that assumed in the test is the oil market: the collapse in oil prices we’ve seen this year has far exceeded the 45per cent decline assumed in the Fed’s scenario.\u003C\u002Fp\u003E\n\u003Cp\u003ETurning to the real economy, perhaps surprisingly the year-on-year fall in US real GDP assumed in the Fed’s scenario (-6.7 per cent) is more severe than that expected by IMF (-5.9 per cent) for 2020. The economic contraction in the second quarter this year will far exceed any previous decline on record – JP Morgan, for instance, is forecasting a mammoth 40 per cent quarter-on-quarter contraction (expressed as an annualised rate). But the IMF’s forecast is predicated on the economy normalising in the second half of 2020. Even assuming this, it is forecasting that unemployment will reach 10.4 per cent, exceeding that assumed in the stress scenario. Clearly there are downside risks to the IMF’s projections if shutdowns persist longer or we see a second wave of the pandemic.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EBank of England\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EChart 2 repeats this exercise for the Bank of England’s 2019 Annual Cyclical Scenario.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EChart 2: BoE 2019 Adverse Cyclical Scenario (ACS) vs data outturns and IMF forecasts\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart2A","entryDescription":null,"sys":{"id":"98462cb1-80d4-4dd7-b6b3-09c139fac74a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart2a.x05baf9ab.jpg"}}}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart2B","entryDescription":null,"sys":{"id":"5c05899c-52f7-41e1-9377-264b32f33098","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart2b.x1db4edc7.jpg"}}}},{"type":"markup","value":"\u003Cp\u003EThis scenario also looks to be well calibrated. The test assumed shocks to equity prices and corporate bond spreads that are somewhat more severe than the falls in these indicators we’ve experienced this year – although the equity market decline at its peak was close to that assumed in the test. While UK-focused REITs were almost 38 per cent down by late March – close to the property price falls assumed in the Bank’s test – they have since recovered somewhat.\u003C\u002Fp\u003E\n\u003Cp\u003EMovements in other financial market indicators have exceeded the Bank’s test scenario, however. The VIX jumped to 82.7 at its peak, and while it has receded from this level, it remains higher than assumed in the test. The collapse in global oil prices to date has been greater than assumed in the Bank’s scenario.\u003C\u002Fp\u003E\n\u003Cp\u003ETurning to real economy variables, the profile for unemployment – a key driver of household default risk – in the Bank test is significantly more severe than in the IMF’s latest forecasts. Its forecasts for growth in the UK and world economies are much weaker than assumed in the stress test, however. The IMF expects UK GDP to contract in 2020 by 6.5 per cent, while the Bank’s test assumed a 4.7 per cent fall. Similarly, the IMF expects world GDP to fall by three per cent, a larger drop than the 2.6 per cent fall in the Bank’s test.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EEuropean Banking Authority\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EFinally, Chart 3 presents results for the EBA’s 2018 Adverse Scenario – the most recent test it has run.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EChart 3: EBA 2018 Adverse Scenario vs data outturns and IMF forecasts\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart3A","entryDescription":null,"sys":{"id":"06db28f1-2154-455b-bb84-965138f4a5e4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart3a.xaeed3a4c.jpg"}}}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart3B","entryDescription":null,"sys":{"id":"b2130fe0-4551-43e6-9487-01a2bb8032fb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart3b.x383cd07c.jpg"}}}},{"type":"markup","value":"\u003Cp\u003EHere, the comparison is less favourable. The falls in financial market variables we’ve seen this year have exceeded the shocks assumed in the EBA’s scenario. Shocks to corporate CDS premia, European-focused REITs and oil prices have all far exceeded that assumed in the test.\u003C\u002Fp\u003E\n\u003Cp\u003EThe comparison is also unfavourable on the real economy side. The EBA’s scenario assumes a shallow, persistent recession. The cumulative fall in euro area GDP is -2.4 per cent, with a peak year-on-year decline of just -2per cent. This is dwarfed by the -7.5 per cent contraction being forecast by the IMF for 2020 – a forecast itself subject to material downside risks. The EBA’s scenario for unemployment is close to the IMF’s current forecast, however.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EConclusion\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Fed Board and Bank of England’s latest stress scenarios broadly encompass current estimates of the scale of the Covid crisis, as embodied in forward-looking financial market indicators and the IMF’s latest economic forecasts. Our interim assessment therefore is that US and UK banks look to be capitalised to withstand the shock in train – though there are material downside risks to this assessment if these economies fail to normalise in the second half of this year. \u003C\u002Fp\u003E\n\u003Cp\u003EThis assessment might seem surprising given the unprecedented shutdown we are living through. It reflects the extreme tail scenarios chosen by the Fed and the Bank in their scenarios, plus the aggressive policy actions taken by central banks and fiscal authorities, which have boosted confidence in the financial system and stemmed the amplifying factors we might otherwise have seen.\u003C\u002Fp\u003E\n\u003Cp\u003EWe are less sanguine about prospects for euro area banks. The EBA’s latest stress scenario is significantly less severe than developments in market indicators and forecasts since the Covid outbreak began. If euro area banks are capitalised to pass the EBA’s scenario, this suggests we may see further solvency concerns arising for its banking system in the period ahead.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Do central bank stress tests encompass the Covid crisis?"},{"summary":"New approach and COVID-19 case forecasts to help central banks with pandemic-related economic forecasting.","entryThumbnail":null,"image":{"altText":"The Bank of England","transformations":"w=780&h=954&crop=780,440,0,42","caption":"The paper will assist central banks by applying more complex statistical models to case data on the pandemic.","asset":{"entryTitle":"bank of england","entryDescription":null,"sys":{"id":"cb12464e-3755-4798-bd8a-24d10eeacdd9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbank-of-england.x3b0b0900.jpg?w=780&h=954&crop=780,440,0,42"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-05-05T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"New approach and COVID-19 case forecasts to help central banks with pandemic-related economic forecasting.","relatedEvent":null,"relatedLinks":[],"title":"New COVID-19 relating forecasting tool for central banks","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-05-05T10:58:46.9383231Z","versionNo":"7.0","modified":"2023-04-26T10:46:41.4896487Z","modifiedBy":"k1812479","published":"2023-04-26T10:47:00.5632669Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"09b86df7-24f5-4c23-ac94-a01aecaf51be","projectId":"website","slug":"new-covid-19-relating-forecasting-tool-central-banks-2","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"George Kapetanios","entryDescription":"Professor of Finance and Econometrics","entryThumbnail":null,"sys":{"id":"2edc6626-53e6-4c7a-bb11-740d11284c35","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EA team at King’s Business School, working with a colleague at the University of Strathclyde have produced a draft paper for the Qatar Centre of Global Banking and Finance designed to assist central banks by applying more complex statistical models to case data on the pandemic in six of the world’s most affected countries.  As well as providing useful information on the global picture, the methodology can also be applied to countries’ own available data.\u003C\u002Fp\u003E\n\u003Cp\u003EThe team will publish updated forecasting on a regular basis.\u003C\u002Fp\u003E\n\u003Ch4\u003EAbstract\u003C\u002Fh4\u003E\n\u003Cp\u003EIn this paper we provide methods for forecasting the evolution of the Covid-19 pandemic across the globe. In particular, we use statistical, time-series, approaches, in order to forecast the rate of growth of the confirmed cases of Covid-19 pandemic in the most affected countries.\u003C\u002Fp\u003E\n\u003Cp\u003EThe paper provides both a set of forecasts which we plan to regularly update, as well as a set of realistic methods that can be used to forecast the pandemic in any country or region, without many strict assumptions.\u003C\u002Fp\u003E\n\u003Cp\u003EWe use non-linear curve fitting models, including logistic and spline functions, and also more elaborate parametric neural network models.  We find more complex models to have better forecasting performance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Fon-statistical-time-series-methods-for-forecasting-the-2020.pdf\"\u003EDownload the paper [PDF].\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"New COVID-19 relating forecasting tool for central banks"},{"summary":"David Aikman joins new centre at King's Business School","entryThumbnail":null,"image":{"altText":"Professor David Aikman","transformations":"w=939&h=626&crop=780,440,159,84","caption":"","asset":{"entryTitle":"david_aikman","entryDescription":null,"sys":{"id":"c5bbf197-9d6f-4732-8400-3ae827c403bd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Facademics\u002Fdavid-aikman.x44b151b6.jpg?w=939&h=626&crop=780,440,159,84"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-05-11T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"David Aikman joins new centre at King's Business School","relatedEvent":{"entryTitle":"Fintech and Monetary Policy Transmission with Iftekhar Hasan","entryDescription":"The Qatar Centre for Global Banking & Finance and King's Business School present: Challenges to Financial Stability with Iftekhar Hasan","entryThumbnail":null,"sys":{"id":"30073c7c-fe86-4d75-8839-0d85bab318e3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Bank of England macroprudential specialist to head Qatar Centre for Global Banking and Finance","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1808181","created":"2020-05-13T16:46:28.937458Z","versionNo":"2.0","modified":"2023-04-26T10:47:29.4572027Z","modifiedBy":"k1812479","published":"2023-04-26T10:47:47.2681554Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"43efe1eb-0c53-4ad5-9379-8da2c5014a03","projectId":"website","slug":"bank-of-england-macroprudential-specialist-to-head-qatar-centre-for-global-banking-and-finance","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EKing’s Business School has appointed David Aikman as the Director of its new Qatar Centre for Global Banking and Finance. Professor Aikman joins from the Bank of England where he was a Technical Head focusing on macroprudential policy within the Bank’s Financial Stability and Strategy Directorate.\u003C\u002Fp\u003E\n\u003Cp\u003EAs Director, Professor Aikman will lead the Centre’s education and research programmes across areas such as monetary policy, prudential regulation and the use of new data sources alongside traditional financial forecasting techniques.\u003C\u002Fp\u003E\n\u003Cp\u003EDuring his time at the Bank of England, Professor Aikman gained considerable international experience and insight, having spent two years on secondment at the Board of Governors of the Federal Reserve System in Washington DC and served as a visiting scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. He also represented the Bank of England at various international meetings, including the Financial Stability Board, Basel Committee and European Systemic Risk Board.\u003C\u002Fp\u003E\n\u003Cp\u003EAlso guiding the Centre’s programme is Dr Francesca Monti, who joined the Centre as Deputy Director in November 2019. Dr Monti was previously Head of Modelling in the Bank of England’s Monetary Policy Outlook Division. She spent nearly a decade at the Bank, and had previous visiting positions at the Federal Reserve Bank of New York, the European Central Bank and the National Bank of Belgium.\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Stephen Bach, Executive Dean of King’s Business School said: “I am delighted that Dr Aikman and Dr Monti have decided to join us. They combine academic credentials of the highest calibre with first-hand experience and are already ensuring that the Centre is starting to make a valuable contribution to helping central bankers and financial leaders around the world understand and address the issues they are now grappling with.”\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor David Aikman added: “I’m absolutely delighted to join King’s Business School to head up the new Qatar Centre for Global Banking and Finance. Our mission at the Centre is to create and disseminate practical knowledge that can help central banks address the profound challenges they currently face. Through our conferences, policy labs and executive education, we will aim to create fora where central bankers, academics and financial sector practitioners can debate and ultimately improve the design of policy.”\u003C\u002Fp\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking and finance is supported by a donation from Qatar Central Bank. It held its first Policy Lab, focussed on challenges to Financial Stability, on 11 March.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Bank of England macroprudential specialist to head Qatar Centre for Global Banking and Finance"},{"summary":"The Qatar Centre for Global Banking and Finance proudly presents this International Women's Day episode on 'Women in Central Banking' for the Connections Podcast from King's Business School.","entryThumbnail":null,"image":{"altText":"Women in Central Banking image with purple background and picture of two women next to red K for king's logo.","transformations":"w=780&h=440","caption":"","asset":{"entryTitle":"Women in Central Banking (1)","entryDescription":null,"sys":{"id":"f4ce0eb6-34eb-41ac-a28f-0c1acce57eb1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fwomen-in-central-banking-1.x02fa10c4.png?w=780&h=440"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Research Agenda: Challenges facing Central Banks in the 2020s","entryDescription":"The Qatar Centre for Global Banking and Finance's research agenda: Challenges facing Central Banks in the 2020s.","entryThumbnail":{"altText":"","caption":"","transformations":"w=782&h=440&crop=780,440,1,0","asset":{"entryTitle":"QCGBF Research agenda art","entryDescription":null,"sys":{"id":"9a96c08b-018d-49d3-8629-d30ac76eb560","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fmisc-business-pics\u002Fqcgbf-research-agenda-art.x968759e9.png?w=782&h=440&crop=780,440,1,0"}}},"sys":{"id":"c4af3197-6fc5-4962-9661-06243f19a663","language":"en-GB","contentTypeId":"researchProject","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2021-03-08T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The Qatar Centre for Global Banking and Finance proudly presents this International Women's Day episode on 'Women in Central Banking' for the Connections Podcast from King's Business School.","relatedEvent":null,"relatedLinks":[],"title":"Women in Central Banking: International Women's Day Podcast Episode","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-03-08T10:14:02.62843Z","versionNo":"9.0","modified":"2023-04-25T15:08:48.7342921Z","modifiedBy":"k1812479","published":"2023-04-25T15:08:58.7336125Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"552ceb7c-7a5f-49b5-8690-1a7a668f8e68","projectId":"website","slug":"women-in-central-banking-podcast-episode","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EIn recent years, women have risen to the most senior roles in central banking, with Janet Yellen becoming the first woman to lead the Federal Reserve in America and now the first woman to serve as Treasury Secretary and Christine Lagarde, President of the European Central Bank.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fabout\u002Fpeople\u002Fcolette-bowe\u002Fbiography\"\u003EDame Colette Bowe\u003C\u002Fa\u003E (External Member of the Financial Policy Committee, Bank of England) joins \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Ffrancesca-monti\"\u003EDr Francesca Monti\u003C\u002Fa\u003E (Deputy Director, Qatar Centre for Global Banking and Finance) to share their experiences of working in central banks. They share their thoughts on and experiences on issues such as gender bias, the change in working patterns ushered in by the COVID-19 pandemic, and the importance of having a gender-balanced view from both men and women when setting crucial policies that will affect the economy as a whole.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EListen below:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=1HnECw8fBxw"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EAlternative links:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fsoundcloud.com\u002Fkingsbschool\u002Fwomen-in-central-banking\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003ESoundcloud\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fpodfollow.com\u002F1553313603\u002Fepisode\u002Ff7c5721db376f2377e1f94a7dac2b241ef91ef62\u002Fview\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003EPodfollow\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThis episode was brought to you by the Qatar Centre for Global Banking and Finance. Visit the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\"\u003EQatar Centre for Global Banking and Finance's profile\u003C\u002Fa\u003E to learn more about the centre.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fnews-comment\u002Fpodcasts\" target=\"_blank\" rel=\"noopener\"\u003EView more about the Connections Podcast here.\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Women in Central Banking: International Women's Day Podcast Episode"},{"summary":"Congratulations to the winners of the 2021 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance. ","entryThumbnail":null,"image":{"altText":"YE Prize 2021 Finalists","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"YE Prize 2021 Finalists","entryDescription":null,"sys":{"id":"086763a5-96ab-4f0d-bc99-96cea1e377eb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fye-prize-2021-finalists.x0768a3ca.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2021-05-24T14:00:00","searchOptions":null,"entryDescription":"Congratulations to the winners of the 2021 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance. ","relatedEvent":{"entryTitle":"Annual Conference: Challenges facing Central Banks in the 2020s - Qatar Centre for Global Banking and Finance","entryDescription":"King’s Business School is delighted to announce the Annual Conference of the Qatar Centre for Global Banking and Finance will be held online on the 17 & 18 May 2021.","entryThumbnail":null,"sys":{"id":"a157bf8e-c839-4ff7-a820-9962fcd68c45","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Young Economist Prize Competition 2021","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-05-21T11:12:23.1952516Z","versionNo":"8.0","modified":"2023-03-20T10:31:07.7251611Z","modifiedBy":"k1812479","published":"2023-03-20T10:31:25.3761863Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"202ceab5-10a4-4630-9ee6-6c7066c2e18f","projectId":"website","slug":"young-economist-prize-competition","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe Young Economist Prize is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). PhD Students were asked to submit a research paper on the theme of this year's Qatar Centre for Global Banking and Finance's Conference: \u003Cem\u003EChallenges facing Central Banks in the 2020s’.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe Selection Committee comprised: Silvana Tenreryo (Bank of England & London School of Economics), Dimitri Vayanos (London School of Economics) and Martin Weale (King’s College London).\u003C\u002Fp\u003E\n\u003Cp\u003EEight finalists were shortlisted for the award and were given the opportunity to present their research paper at the 2021 Conference as a pre-recorded presentation. The winners were announced by Professor Martin Weale during the Prize Giving Event on day two of the Conference. The 2021 competition attracted many high-quality submissions that impressed the selection panel. The winning paper received a £5000 cash prize, and the two runner-up papers were awarded a prize of £1000 each.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"YE Prize Winners 2021","entryDescription":null,"sys":{"id":"8509b705-41a4-421e-9c94-d0fff23f786b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fye-prize-winners-2021.x8d556f17.png"}}}},{"type":"markup","value":"\u003Ch3\u003EYoung Economist Prize 2021 Winners\u003C\u002Fh3\u003E\n\u003Ch5\u003EAlessandro Lin (Winner), Brown University:  \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841050350.pdf\"\u003EMonetary Policy and Payment-to-Income Limits in Liquidity Traps\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=dA0pB3cMSkA&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=6&t=4s"},{"type":"markup","value":"\u003Ch5\u003EShohini Kundu (Runner-up), University Of Chicago: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620840931884.pdf\"\u003EThe Externalities of Fire Sales Evidence from Collateralized Loan Obligations\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=z1trjez8hag&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=7"},{"type":"markup","value":"\u003Ch5\u003ERustam Jamilov (Runner-up), London Business School: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841176496.pdf\" target=\"_blank\" rel=\"noopener\"\u003EA Macroeconomic Model with Heterogeneous Banks\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=vPoyxq8orCc&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=2"},{"type":"markup","value":"\u003Ch3\u003EFinalists\u003C\u002Fh3\u003E\n\u003Ch5\u003EOliver Pfäuti, University Of Mannheim: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620909314573.pdf\"\u003EInflation - who cares? Monetary Policy in Times of Low Attention\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=re-vIJEjLSY&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=3"},{"type":"markup","value":"\u003Ch5\u003EDiego R. Känzig, London Business School: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841210596.pdf\"\u003EThe economic consequences of putting a price on carbon\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=fj57Bd1hAmc&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=4"},{"type":"markup","value":"\u003Ch5\u003EChristoph Lauper, University of Lausanne: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841018276.pdf\"\u003EMonetary policy shocks and inflation inequality\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=3gM8lPhO8qo&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=5"},{"type":"markup","value":"\u003Ch5\u003EJian Li, University Of Chicago: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620840890998.pdf\"\u003EThe Importance of Investor Heterogeneity: An Examination of the Corporate Bond Market\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=e1gwrDSKEzk&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=8"},{"type":"markup","value":"\u003Ch5\u003EEzgi Kurt, University Of California, Davis: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620840845671.pdf\"\u003EThe Role of Corporate Tax Policy on Monetary Effectiveness: A Quasi-Experimental Approach\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=LVTAnBfp7wg&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=9"},{"type":"markup","value":"\u003Cp\u003EFind out more about the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Young Economist Prize Competition 2021"},{"summary":"The 2007-09 global financial crisis challenged many pre-existing conceptions about systemic risk, including the ‘composition fallacy’[1] which assumed that if individual entities were robust and subject to adequate micro-prudential supervision, then the whole system would be resilient.","entryThumbnail":null,"image":{"altText":"Macroprudential Policy Matters Financial Crisis","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Macroprudential Policy Matters Financial Crisis","entryDescription":null,"sys":{"id":"650080db-5f06-44d0-8dc2-cb4a82865947","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fmacroprudential-policy-matters-financial-crisis.xecbb35cd.png?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2021-10-25T15:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The 2007-09 global financial crisis challenged many pre-existing conceptions about systemic risk, including the ‘composition fallacy’[1] which assumed that if individual entities were robust and subject to adequate micro-prudential supervision, then the whole system would be resilient.","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"Macroprudential Matters Website","url":"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-macroprudential-approach-policy-supervision-or-regulation\u002F"}},{"type":"links","value":{"linkLabel":"Qatar Centre for Global Banking and Finance","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance"}}],"title":"The Macroprudential Approach: Policy, Supervision or Regulation?","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-10-25T17:32:34.9866706Z","versionNo":"4.0","modified":"2023-04-26T10:19:34.5974223Z","modifiedBy":"k1812479","published":"2023-04-26T10:19:47.6902994Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0569a0ed-7f50-4c1d-b180-8ee1d7285ee9","projectId":"website","slug":"the-macroprudential-approach-policy-supervision-or-regulation","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":" Professor Rosa M. Lastra written for MacroprudentialMatters.com","articleContent":[{"type":"markup","value":"\u003Cp\u003EThis assumption proved to be misguided. Thus, in response to the need to monitor and control systemic risk, the ‛macroprudential’ approach has become one of the defining features of the post-crisis financial reform agenda (together with new resolution tools, enhanced capital and liquidity rules and the regulation of SIFIs or systemically important financial institutions).\u003C\u002Fp\u003E\n\u003Cp\u003EAntoine de Saint-Exupéry´s classic book, ‘\u003Cem\u003EThe Little Prince’\u003C\u002Fem\u003E depicts an illustration of the baobabs (inspired by the Adansonia genus of trees) stifling and smothering the planet with the size of their roots and trunks. Like the baobabs, global SIFIs have extended their nexus of activities across the globe, entrenching their roots across many jurisdictions.\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-macroprudential-approach-policy-supervision-or-regulation\u002F#_ftn2\" target=\"_blank\" rel=\"noopener\" name=\"_ftnref2\"\u003E[2]\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EUsing an analogy with forest management, the safeguard of the health of the forest (a macro perspective) requires a different type of strategy than the safeguard of the health of each individual tree (a micro perspective). Ecological considerations would also warn us against excessive reliance on a ‘static’ notion of financial stability.\u003C\u002Fp\u003E\n\u003Ch3 data-fontsize=\"27\" data-lineheight=\"35.1px\"\u003EContours of ‘macropru’\u003C\u002Fh3\u003E\n\u003Cp\u003EThe macroprudential perspective can be a murky concept to grasp, somewhere in between micro-prudential supervision and monetary policy. The contours are not always easy to demarcate. An analogy could be made between the courts of justice and the conduct of supervision. Micro-prudential supervision is akin to a ‘court of first instance’, macroprudential policy is akin to ‘court of appeal’, while monetary policy is akin to a ‘supreme court’.\u003C\u002Fp\u003E\n\u003Cp\u003EThe European Systemic Risk Board (ESRB) stated that: \u003Cem\u003E‘(t)he ultimate objective of macroprudential policy is to contribute to the safeguard of the stability of the financial system as a whole, including by strengthening the resilience of the financial system and decreasing the build-up of systemic risks, thereby ensuring a sustainable contribution of the financial sector to economic growth’\u003C\u002Fem\u003E.\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-macroprudential-approach-policy-supervision-or-regulation\u002F#_ftn3\" target=\"_blank\" rel=\"noopener\" name=\"_ftnref3\"\u003E[3]\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-macroprudential-approach-policy-supervision-or-regulation\u002F\" target=\"_blank\" rel=\"noopener\"\u003EContinue to the full article\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EWritten for the \u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-macroprudential-approach-policy-supervision-or-regulation\u002F\" target=\"_blank\" rel=\"noopener\"\u003EMacroprudential Matters website\u003C\u002Fa\u003E, proudly managed by the Qatar Centre for Global Banking and Finance at King’s Business School. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-macroprudential-approach-policy-supervision-or-regulation\u002F\" target=\"_blank\" rel=\"noopener\"\u003ERead the rest of the article here.\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"The Macroprudential Approach: Policy, Supervision or Regulation?"},{"summary":"The Financial Policy Committee (FPC) views the housing market through the particular lens of financial stability, as its remit largely dictates. There is a risk that the consequent policy stance will increasingly rub up against other Government policies (such as increasing the rate of home-ownership, or some interpretations of the levelling-up agenda).","entryThumbnail":null,"image":{"altText":"Macroprudential Matters - Money Bag, house, scales","transformations":"w=780&h=654&crop=780,440,0,107","caption":"","asset":{"entryTitle":"3","entryDescription":null,"sys":{"id":"d197b858-cb1f-4e46-8617-9ba0e4b86246","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002F3.x16a760f4.png?w=780&h=654&crop=780,440,0,107"}}},"regions":[],"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Economics - Business School","entryDescription":"economics","entryThumbnail":null,"sys":{"id":"2a8e834e-982a-404c-b58e-974f73ab4bea","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2021-11-22T17:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The Financial Policy Committee (FPC) views the housing market through the particular lens of financial stability, as its remit largely dictates. There is a risk that the consequent policy stance will increasingly rub up against other Government policies (such as increasing the rate of home-ownership, or some interpretations of the levelling-up agenda).","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"Macroprudential Matters Website","url":"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-financial-policy-committee-fpc-and-the-housing-market\u002F"}},{"type":"links","value":{"linkLabel":"Qatar Centre for Global Banking and Finance","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance"}}],"title":"The Financial Policy Committee and the Housing Market","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-11-22T18:01:52.6429668Z","versionNo":"4.0","modified":"2023-09-15T16:12:54.6099748Z","modifiedBy":"k1812479","published":"2023-09-15T16:13:16.4765139Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6d1413a8-4e76-4b0c-ba93-d19bd9be1f4a","projectId":"website","slug":"the-financial-policy-committee-and-the-housing-market","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":"Dame Kate Barker written for MacroprudentialMatters.com","articleContent":[{"type":"markup","value":"\u003Cp\u003EMany believe, though this is not uncontested, that the UK has a housing crisis. But there is less agreement about how this crisis might be resolved, not least due to a lack of clarity about what would constitute a well-functioning housing system. We have no settled metrics for concluding that the crisis has been solved (or alleviated). But we do have a sense that there are certain groups and geographies which are particularly affected. The FPC sits within the intersection between housing policy and macroeconomic policy. Its decisions may also have distributional impacts.\u003C\u002Fp\u003E\n\u003Cp\u003EThe present policies of the FPC, and the FPC’s commentary on their effects, run two risks. One is of creating excessive expectations of their likely success, especially in times of housing market volatility when ‘fine-tuning’ the tools may well not be practically possible. (Brener, 2020). The other is of losing political credibility if the distributional effects of its stance are not fully acknowledged.\u003C\u002Fp\u003E\n\u003Cp\u003ESome background. In April 2015, the FPC was granted powers of Direction with regard to owner-occupied lending in relation to loan-to-value (LTV) and debt-to-income (LTI) limits. In late 2016 the FPC was also granted powers over loan-to-value and interest coverage ratios in respect of buy-to-let (BTL) lending. The FPC is clear about the purpose of these policies – which is to reduce the risk of financial crises stemming from lenders with risky mortgage portfolios and\u002For households with high debt-to-income ratios. In addition, the FPC seeks to moderate the self-reinforcing loops which can arise between house price expectation and lender\u002Fborrower behaviour.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-financial-policy-committee-fpc-and-the-housing-market\u002F\" target=\"_blank\" rel=\"noopener\"\u003EContinue to the full article\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EWritten for the \u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-financial-policy-committee-fpc-and-the-housing-market\u002F\" target=\"_blank\" rel=\"noopener\"\u003EMacroprudential Matters website\u003C\u002Fa\u003E, proudly managed by the Qatar Centre for Global Banking and Finance at King’s Business School. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-financial-policy-committee-fpc-and-the-housing-market\u002F\" target=\"_blank\" rel=\"noopener\"\u003ERead the rest of the article here.\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"The Financial Policy Committee and the Housing Market"},{"summary":"In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the Exchequer’s annual “remit and recommendations” letter. Our focus is on what impact has there been on the relative balance between promoting resilience and stability versus pursuing other government policy objectives, including promoting financial innovation, the role of the City of London and so on.","entryThumbnail":null,"image":{"altText":"BOE","transformations":"w=780&h=524&crop=780,440,0,42","caption":"","asset":{"entryTitle":"BOE paul tucker","entryDescription":null,"sys":{"id":"5314237d-b58f-4606-bf57-7574d4e930c6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fboe-paul-tucker.xf5ea26e4.png?w=780&h=524&crop=780,440,0,42"}}},"regions":[],"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2021-12-08T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the Exchequer’s annual “remit and recommendations” letter. Our focus is on what impact has there been on the relative balance between promoting resilience and stability versus pursuing other government policy objectives, including promoting financial innovation, the role of the City of London and so on.","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"Macroprudential Matters Website","url":"https:\u002F\u002Fmacroprudentialmatters.com\u002F"}}],"title":"How has the Financial Policy Committee's objective changed since its inception?","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-12-13T13:34:21.2155861Z","versionNo":"4.0","modified":"2023-04-26T10:21:39.465046Z","modifiedBy":"k1812479","published":"2023-04-26T10:21:50.7310861Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"34eaa862-b79d-4345-be54-d1c384125b05","projectId":"website","slug":"how-has-the-financial-policy-committees-objective-changed-since-its-inception","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance written for MacroprudentialMatters.com","articleContent":[{"type":"markup","value":"\u003Cp\u003ETL\u002FDR: The FPC’s mandate has been expanded significantly since the first of such letter in 2013. This partly reflects a clarification of the types of risks and vulnerabilities the FPC should concern itself with in pursuing its primary objective, e.g., risks associated with climate change. But there has also been a marked rebalancing of the FPC’s remit, away, in relative terms at least, from maintaining systemic stability and towards its secondary objective – which includes supporting economic growth, but also increased financial sector competition, international competitiveness, and expanding the supply of finance for productive investment.\u003C\u002Fp\u003E\n\u003Cp\u003EA concern this raises is whether these changes risk diluting the FPC’s focus on stability and its independence from day-to-day politics – either directly, or indirectly, by overburdening a committee with already much on its plate. This risk is heightened because the FPC’s stability mandate is imprecisely defined and open to numerous interpretations in terms of what constitutes success (see the \u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fno-model-and-no-loss-function-is-not-a-recipe-for-good-policy\u002F\" target=\"_blank\" rel=\"noopener\"\u003Eblog\u003C\u002Fa\u003E published on this website by my colleague Richard Barwell on 27 September).\u003C\u002Fp\u003E\n\u003Ch3 data-fontsize=\"27\" data-lineheight=\"35.1px\"\u003E\u003Cstrong\u003EBackground\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe objectives of the FPC are set out in 2012 legislation amending the Bank of England Act 1988 to create, for the first time, a body unambiguously responsible for preserving systemic stability.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Committee’s primary objective is to protect and enhance the stability of the UK’s financial system. Subject to this, it has a secondary objective to support the economic policy of the Government. And in pursuing its objectives, the FPC is not authorised to take actions that would in its opinion likely have a “significant adverse effect on the capacity of the financial sector to contribute to the growth of the UK economy in the medium or long term”.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Act requires that the Treasury specify the Government’s economic policy at least once in every calendar year. It also allows the Treasury to make recommendations to the Committee about risks it should regard as relevant for pursuing its primary objective, its responsibility in supporting the government’s economic policy, and other matters it should have regard to in its policy deliberations.\u003C\u002Fp\u003E\n\u003Cp\u003EThis is all set out in a public letter from the Chancellor of the Exchequer to the Bank’s Governor. The letters are published on the Bank’s website (click \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fletter\u002F2021\u002Fmarch\u002Fremit-for-the-fpc-2021\" target=\"_blank\" rel=\"noopener\"\u003Ehere\u003C\u002Fa\u003E for the 2021 version). There have been ten such remit letters to date since the first in 2013.\u003C\u002Fp\u003E\n\u003Cp\u003EIn analysing these documents, it should be noted that, in practice, these letters are published only following comments from the Bank, so their contents reflect a two-way process from both the Treasury and the Bank.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fhow-has-financial-policy-committees-objective-changed-since-its-inception\u002F\" target=\"_blank\" rel=\"noopener\"\u003EContinue to the full article\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EWritten for the \u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fhow-has-financial-policy-committees-objective-changed-since-its-inception\u002F\" target=\"_blank\" rel=\"noopener\"\u003EMacroprudential Matters website\u003C\u002Fa\u003E, proudly managed by the Qatar Centre for Global Banking and Finance at King’s Business School. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fhow-has-financial-policy-committees-objective-changed-since-its-inception\u002F\" target=\"_blank\" rel=\"noopener\"\u003ERead the rest of the article here.\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"How has the Financial Policy Committee's objective changed since its inception?"},{"summary":"Dr Timothy Foreman provides a summary of the first Climate Energy Governance & Finance workshop, organised jointly by the Qatar Centre for Global Banking & Finance and the Climate Law and Governance Centre at King's. The workshop aimed to promote interdisciplinary discussions and collaborations on climate risks and energy transitions from a financial and regulatory perspective.","entryThumbnail":null,"image":{"altText":"Climate change","transformations":"w=780&h=780&crop=780,440,0,170","caption":"","asset":{"entryTitle":"Climate change","entryDescription":null,"sys":{"id":"6698236c-3d84-431c-bc3b-54cee46c65c2","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fclimate-change.xe0750f15.png?w=780&h=780&crop=780,440,0,170"}}},"regions":[],"topics":[{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Centre for Climate Law & Governance","entryDescription":"climate-law","entryThumbnail":null,"sys":{"id":"710651ba-64af-458c-bcf5-57095ee03d82","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2021-12-13T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Dr Timothy Foreman provides a summary of the first Climate Energy Governance & Finance workshop, organised jointly by the Qatar Centre for Global Banking & Finance and the Climate Law and Governance Centre at King's. The workshop aimed to promote interdisciplinary discussions and collaborations on climate risks and energy transitions from a financial and regulatory perspective.","relatedEvent":{"entryTitle":"Climate Energy Governance & Finance workshop","entryDescription":"This workshop aims to facilitate interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.","entryThumbnail":null,"sys":{"id":"26a6a7e8-efbd-49bb-ac95-f8303e8b37f3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"King's Climate Energy Governance & Finance Group's first workshop","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-12-13T13:00:56.504265Z","versionNo":"5.0","modified":"2023-04-26T10:22:35.9010425Z","modifiedBy":"k1812479","published":"2023-04-26T10:22:51.3170839Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3cb377b2-d850-476e-ae12-abcc7f26b193","projectId":"website","slug":"kings-climate-energy-governance-finance-groups-first-workshop","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Timothy Foreman","entryDescription":"Postdoctoral Research Associate, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"40e544c8-d183-42ee-ac70-288fd8d2dd59","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Megan Bowman","entryDescription":"Director of Centre for Climate Law & Governance","entryThumbnail":null,"sys":{"id":"46f78750-ae4b-4e78-93ab-7144aa787738","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Robyn Klingler-Vidra","entryDescription":"Reader in Entrepreneurship & Sustainability","entryThumbnail":null,"sys":{"id":"eeb75071-c988-43cb-aea2-e43da89c93aa","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Dr Timothy Foreman, Postdoctoral Research Associate, Qatar Centre for Global Banking & Finance","articleContent":[{"type":"markup","value":"\u003Ch4\u003EMark Manning on the role of ESG transparency and trust in financial markets\u003C\u002Fh4\u003E\n\u003Cp\u003EThe workshop began with Mark Manning of the UK Financial Conduct Authority (FCA). His presentation focused on the role of ESG transparency and trust in financial markets. He began by outlining the current state of regulation in the ESG space, which so far has been behind the pace of financial firms marketing claims of ESG performance. This leaves ample space for the possibility of greenwashing, both by individual firms and financial products that package together with the claims of these firms. His presentation noted that research has tied better performance on ESG metrics to higher firm value. However, the precise mechanism through which this happens is still a matter of debate, with the possibility that firms that are better at communicating their ESG performance are better managed and better at other aspects of their business.\u003C\u002Fp\u003E\n\u003Cp\u003EHis presentation noted several avenues for research to support the development of government policy and regulators' aims. One promising direction is to identify environmental impacts at the level of individual products. This is the level that can be communicated to consumers of these products and to investors, who would then be able to compare the performance of firms producing similar products. In this way, firms would not be able to manipulate their emissions intensity by, for example, merging with other firms that may produce products in a less emissions-intensive industry. He also emphasised the need to produce international standards for regulations under the umbrella of a body such as IOSCO. He noted the progress that has been made as part of the COP26 in Glasgow, including the introduction of the Glasgow Financial Alliance for Net Zero (GFANZ) and the formation of the International Sustainability Standards Board (ISSB) as part of the IFRS Foundation. The ISSB will define sustainability disclosure standards that will allow regulators worldwide to have a template of best practices for designing regulation. As part of this effort, the board will start with disclosures related to climate change but will seek guidance on the next areas of sustainability that should be addressed next.\u003C\u002Fp\u003E\n\u003Ch4\u003EDr Robyn Klingler-Vidra and Dr Adam Chalmers highlight research in the area of sustainability disclosure and corporate sustainability policy\u003C\u002Fh4\u003E\n\u003Cp\u003EThe presentation by Dr Robyn Klingler-Vidra and Dr Adam Chalmers highlighted their research in the area of sustainability disclosure and corporate sustainability policy more broadly. This project seeks to understand how policies relating to corporate sustainability move from one place to another, what determines how well they are adopted and put into practice, and the ultimate effects. They develop measures of different aspects of the text of regulations published by various bodies, from international organizations to more local authorities, including the complexity of the text itself. Their preliminary results indicate that the simpler a text is, the more likely it is to diffuse to other localities, indicating that bodies wishing to spread their ideas, such as the ISSB noted above, should strive to keep their language simple to foster wider adoption around the world. Their early results also indicate that corporate social policy adoption has its largest effect on the \"social\" component of ESG, in contrast with previous, more limited studies of the topic.\u003C\u002Fp\u003E\n\u003Ch4\u003EDr Megan Bowman on COP26\u003C\u002Fh4\u003E\n\u003Cp\u003EDr Megan Bowman also spoke about some of the progress made at COP26 and the governance mechanisms that will be needed to implement the ambitious carbon emissions reduction targets that world leaders have embraced. In particular, she highlighted the commitment from the Paris agreement of \"making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.\" She divided the space of options into \"financial mechanisms\" and \"facilitative modalities.\" The set of financial mechanisms includes taxes on carbon emissions or lending to fossil fuel-burning companies, mandates on the portfolios of regulated banks, and other direct interventions in markets. Facilitative modalities, meanwhile, encompasses the more indirect forms of intervention, such as the definition of disclosure rules that firms have to follow, the provision of information about firms and country-level objectives, and the development of taxonomies of firms or industries. This is to facilitate understanding among market participants about which firms or sectors are the most polluting or most ambitious in achieving net-zero targets and which may be at risk of facing more direct governmental intervention in the future.\u003C\u002Fp\u003E\n\u003Ch4\u003EConclusion\u003C\u002Fh4\u003E\n\u003Cp\u003EOverall, the presentations highlighted the many issues facing governments in their journey, from the targets that have been established to concrete achievements on the ground. They established a number of areas that are currently fertile ground for research and presented a number of open questions. One common theme throughout was the need to get firms to act in response to changes in government policy. This may fail for a number of reasons, including lack of clarity in government standards, lack of information on how the policies will affect the firms, or the weakness of incentives to induce firms to act, whether these incentives take the form of positive motivation, such as tax advantages or subsidies, or financial burdens in the form of taxes or penalties for non-compliance with government directives. While all of the speakers clearly are grappling with these questions and working to help provide workable solutions, it is clear there is more to be done to ensure a successful transition to net-zero.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"King's Climate Energy Governance & Finance Group's first workshop"},{"summary":"In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the economic impact of mortgage rules.","entryThumbnail":null,"image":{"altText":"David Aikman macroprudential","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"David Aikman macroprudential","entryDescription":null,"sys":{"id":"f7688d86-8523-4b31-9028-f1ac03d825e9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fdavid-aikman-macroprudential.xbf71b0cd.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[{"entryTitle":"Republic of Ireland","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5689cbde-19a6-4dfa-a290-46c3ad979cd7","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"topics":[{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Economics - Business School","entryDescription":"economics","entryThumbnail":null,"sys":{"id":"2a8e834e-982a-404c-b58e-974f73ab4bea","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-01-03T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the economic impact of mortgage rules.","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"The objectives of macroprudential mortgage measures: an exploration","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf"}}],"title":"The objectives of macroprudential mortgage measures: an exploration","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-12-17T10:28:33.8349625Z","versionNo":"4.0","modified":"2023-04-26T10:26:01.9599178Z","modifiedBy":"k1812479","published":"2023-04-26T10:26:20.3816034Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"554ea83c-ad00-45ca-8246-a41510a50e5c","projectId":"website","slug":"the-objectives-of-macroprudential-mortgage-measures-an-exploration","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003EThe use of macroprudential policies aimed at preventing excessive household mortgage debt can mitigate costly effects of debt deleveraging that would otherwise amplify economic downturns. These benefits are likely to be especially important for small open economies operating under fixed exchange rates without independent monetary policy.\u003C\u002Fp\u003E\n\u003Cp\u003EMacroprudential debt limits can also improve the resilience of banks by reducing risk in mortgage portfolios. However, these benefits will tend to be undone as capital requirements for banks using model-determined risk weights with fall. Such policies also come with costs as they potentially reduce aggregate consumption outside of crisis periods, and they constrain the borrowing capacity—and hence housing tenure choices—available to some borrowers.\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor David Aikman identifies several channels through which these costs may manifest themselves, though little empirical evidence quantifies their overall impact. Using the \"GDP-at-Risk\" approach, the paper ends by outlining an approach that can be used to evaluate the macroeconomic costs and benefits jointly.\u003Cspan style=\"color: #444444; font-family: Georgia, Times New Roman, Times, serif;\"\u003E\u003Cbr \u002F\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf\"\u003ERead the report now\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Chr \u002F\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"The objectives of macroprudential mortgage measures: an exploration"},{"summary":"The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid advances in tools for understanding the economy, particularly new data analytics.","entryThumbnail":null,"image":{"altText":"Monetary & Financial Policy Analysis spring school","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Monetary & Financial Policy Analysis spring school (Twitter)","entryDescription":null,"sys":{"id":"eb017e16-d51b-425f-a5fa-7b6cef7eb62c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fmonetary-financial-policy-analysis-spring-school-twitter.xb94ce499.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-01-10T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid advances in tools for understanding the economy, particularly new data analytics.","relatedEvent":{"entryTitle":"Qatar Centre for Global Banking & Finance Spring School in Monetary & Financial Policy Analysis: Programme Overview","entryDescription":"Join Kate Forman as she introduces this new short executive course on Monetary and Financial Policy Analysis run by the Qatar Centre for Global Banking and Finance (QCGBF). ","entryThumbnail":null,"sys":{"id":"12a76c74-2a80-44dd-ba59-93d61fd3b4f8","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[{"type":"links","value":{"linkLabel":"QCGBF Spring School in Monetary & Financial Policy Analysis Course Page ","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fexecutive-education\u002Fopen-course\u002Fqcgbf-spring-school"}}],"title":"Spring School in Monetary & Financial Policy Analysis","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2022-01-10T20:48:13.308907Z","versionNo":"7.0","modified":"2023-04-26T10:26:56.4798397Z","modifiedBy":"k1812479","published":"2023-04-26T10:28:53.5592887Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"97182100-e227-4c53-84e8-71de40597c7a","projectId":"website","slug":"spring-school-in-monetary-financial-policy-analysis","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"George Kapetanios","entryDescription":"Professor of Finance and Econometrics","entryThumbnail":null,"sys":{"id":"2edc6626-53e6-4c7a-bb11-740d11284c35","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Michael Schillig","entryDescription":"Professor of Law, Vice Dean Research","entryThumbnail":null,"sys":{"id":"2e4206ec-7c76-4f98-ae65-432f140f351e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is offering a\u003Cstrong\u003E \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fexecutive-education\u002Fopen-course\u002Fqcgbf-spring-school\"\u003ESpring School in Monetary and Financial Policy Analysis\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E to provide central bankers and financial regulators with an introduction to the skills and knowledge required to tackle new economic challenges and use new tools.\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003EProgramme impact \u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EThe Spring School in Monetary & Financial Policy Analysis provides:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EAn insight into key models used by leading central banks to inform monetary policy and financial stability policy decisions, and an understanding of how to apply these models to analyse relevant policy issues\u003C\u002Fli\u003E\n\u003Cli\u003EAn understanding of the policy frameworks that underpin monetary policy and financial stability policy actions, and the ability to critically assess their strengths and weaknesses\u003C\u002Fli\u003E\n\u003Cli\u003EAn introductory understanding of key innovations in the areas of climate finance and fintech, areas of rapidly growing interest for central banks\u003C\u002Fli\u003E\n\u003Cli\u003EA chance to develop new practical skills, including exposure to the latest advances in data analytics and applied econometrics\u003C\u002Fli\u003E\n\u003Cli\u003EInsights from expert guest speakers from central banks and the City of London to give a \"real world\" perspective on the challenges facing the global economy\u003C\u002Fli\u003E\n\u003Cli\u003ENetworking opportunities with a cohort of attendees from around the world\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFollowing the Spring School, participants will be provided with an exclusive invitation to the Qatar Centre for Global Banking and Finance Annual Conference on 5 and 6 July 2022. Participants will also attend in-person session and dinner in London.\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003ECourse content and themes\u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EWeek 1: Monetary Policy Analysis\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 2: Financial Stability and Macroprudential Policy Analysis\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 3: Data Analytics\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 4: TBC\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 5: Climate Finance\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 6: Digital Currencies & FinTech\u003C\u002Fp\u003E\n\u003Cp\u003EThe course will explore key questions such as:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWhat impact has unconventional monetary policy had? Should central banks now unwind their quantitative easing programmes?\u003C\u002Fli\u003E\n\u003Cli\u003EWhat is \"Growth at risk\"? How can macroprudential regulators use this concept to inform policy actions?\u003C\u002Fli\u003E\n\u003Cli\u003EShould central banks offer deposit\u002Flending facilities to all firms and private citizens? What impact will a Central Bank Digital Currency have on monetary policy and financial stability?\u003C\u002Fli\u003E\n\u003Cli\u003EHow will the transition to a low carbon economy impact the macroeconomy? What risks are there for the financial system?\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch3\u003E\u003Cstrong\u003EFormat and structure\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Spring School will take place online across six consecutive Tuesday mornings from 9.00-12.00 GMT.\u003C\u002Fp\u003E\n\u003Cp\u003EDates:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ETuesday 1 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 8 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 15 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 22 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 29 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 5 April 2022\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003ENext steps \u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EApplications for the Spring School are now open. Apply before 24 January to receive a 15% early bird saving. Corporate savings are also available. Applications will close on 14 February.\u003C\u002Fp\u003E\n\u003Cp\u003ETo learn more about the course, please \u003Ca href=\"https:\u002F\u002Fcalendly.com\u002Fluckveer-singh\u002F30min\"\u003Ebook a consultation with programme expert Lucky Singh\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EFor an informal review of your fit for the programme, send your CV\u002FLinkedIn profile to \u003Ca href=\"mailto:execed-business@kcl.ac.uk\"\u003Eexeced-business@kcl.ac.uk\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fexecutive-education\u002Fopen-course\u002Fqcgbf-spring-school\"\u003E\u003Cstrong\u003EFind out more about the Spring School in Monetary & Financial Policy Analysis\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Spring School in Monetary & Financial Policy Analysis"},{"summary":"QCGBF Visting Research Fellow, Coskun Tarkocin writes on Turkey’s controversial experiment to support the Lira.","entryThumbnail":null,"image":{"altText":"Turkish lira","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Turkish lira","entryDescription":null,"sys":{"id":"c2d0cd9b-f0b0-4506-ab51-d6668a642eba","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fturkish-lira.xb8e523b1.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-03-14T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"QCGBF Visting Research Fellow, Coskun Tarkocin writes on Turkey’s controversial experiment to support the Lira.","relatedEvent":null,"relatedLinks":[],"title":"Supporting the Turkish Lira: Assessing the controversial experiment of the Turkish central bank","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2022-03-14T14:34:26.5898988Z","versionNo":"3.0","modified":"2023-04-26T10:29:35.2052096Z","modifiedBy":"k1812479","published":"2023-04-26T10:29:57.8871542Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"86689a2a-107f-4140-95ed-565394e77be2","projectId":"website","slug":"supporting-the-turkish-lira-assessing-the-controversial-experiment-of-the-turkish-central-bank","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Coskun Tarkocin","entryDescription":"Visiting Research Fellow","entryThumbnail":null,"sys":{"id":"81add56f-74f5-4637-888c-536d57ce1ef8","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Coskun Tarkocin (HSBC and Visiting Research Fellow of the Qatar Centre for Global Banking and Finance)","articleContent":[{"type":"markup","value":"\u003Cp\u003EIn December 2021, the Turkish Lira experienced its highest daily volatility in its recent history, higher even than during the global financial crisis of 2007-2008 (Figure 1). In response, the Turkish Government announced a series of extraordinary policy measures aimed at protecting the value of the Lira. One of the most radical is a government guarantee against losses due to currency depreciation to encourage individuals to convert their FX deposits to Lira time deposits.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Figure 1: US Dollar–Turkish Lira Exchange Rate Volatility of Daily Return","asset":{"entryTitle":"Figure 1 US Dollar–Turkish Lira Exchange Rate Volatility of Daily Return QCGBF","entryDescription":null,"sys":{"id":"d89a029f-a080-4ad9-8700-b6591ba9b5a3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Ffigure-1-us-dollar–turkish-lira-exchange-rate-volatility-of-daily-return-qcgbf.x66b542b2.png"}}}},{"type":"markup","value":"\u003Cp\u003EThis policy tool allows account holders to earn interest on Turkish Lira savings while the capital value in the originated hard currency\u002Fgold is guaranteed. For example, if an investor converts a 100TL-equivalent FX deposit to a TL deposit with a maturity of at least three months, she will earn the deposit rate for that term. At maturity, if the Turkish Lira has depreciated by more than the interest rate earnings made, the government will pay the difference for the loss.\u003C\u002Fp\u003E\n\u003Cp\u003EThis blog will focus on two aspects of this new policy tool: the term structure of the deposits and the difficulty of changing them while providing sensitivity analysis to show the relationship between success rate and risk-taking. Although this policy tool has a macroeconomic scope, it requires micro behavioural change on behalf of deposit holders to achieve its intended outcome. To have a meaningful impact, a large fraction of existing FX deposits will need to convert into Turkish Lira deposits covered by the new scheme. But the larger this take-up, the greater are the contingent insurance costs to the Treasury in the event of a Lira depreciation.\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003EHow the new policy tool will work\u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EThe requirements to benefit from the government guarantee are as follows:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ERetail deposits (real persons) and corporate deposits can benefit\u003C\u002Fli\u003E\n\u003Cli\u003EThe minimum tenor should be 3 months, other applicable tenors are 6, 9 and 12 months, original FX account can be any tenor\u003C\u002Fli\u003E\n\u003Cli\u003EThe minimum interest rate is the CBRT’s weekly repo rate. The interest rate on TL time deposits can go from the policy rate to a maximum of 300bps above it paid by the banks.\u003C\u002Fli\u003E\n\u003Cli\u003EReference FX rates at the beginning and end of the term deposits will be announced by the CBRT daily.\u003C\u002Fli\u003E\n\u003Cli\u003EIn case of early termination of the TL time deposit account, government will not compensate any loss.\u003C\u002Fli\u003E\n\u003Cli\u003ENew accounts can be opened from 21 December 2021, which means the FX savings accounts should exist before this date, for corporate deposits cut off date is 31\u003Csup\u003E \u003C\u002Fsup\u003EDecember 2021.\u003C\u002Fli\u003E\n\u003Cli\u003EAt maturity, if the sum of principal and interest is below the value that would have been realised if the principal had been held in an FX account, the difference will be paid by the Treasury.\u003C\u002Fli\u003E\n\u003Cli\u003ECurrently, there is no closing date, any time it is possible to join and no cap proposed by the Treasury.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch4\u003E\u003Cem\u003ETerm Structure of FX Deposits\u003C\u002Fem\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EBased on data from the Turkish Banking Regulation and Supervision Authority, deposits in the country’s banking sector as of 31 December 2021 amount to $401.6bn, of which $245.8bn belong to real persons and two-thirds ($164.4bn) are denominated in foreign currency.\u003Csup\u003E\u003Ca href=\"#_ftn1\" name=\"_ftnref1\"\u003E[1]\u003C\u002Fa\u003E\u003C\u002Fsup\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe Turkish Banking Association estimate that 91% of these FX deposits have a maturity of less than three months (Table 1). While 59% points of this amount is in 1- to 3-month bucket, in practice these deposits are likely to be heavily clustered at the short end of this window.\u003Ca href=\"#_ftn2\" name=\"_ftnref2\"\u003E\u003Csup\u003E[2]\u003C\u002Fsup\u003E\u003C\u002Fa\u003E Evidently, deposit holders are not keen to lock in their money for longer maturities.\u003C\u002Fp\u003E\n\u003Cp\u003EAs the new policy tool requires at least 3-month deposits, one hurdle will be to overcome this liquidity preference to ensure a sufficient take-up of the scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ETable 1:\u003C\u002Fstrong\u003E Term Structure of FX Deposits (30 September 2021\u003Ca href=\"#_ftn3\" name=\"_ftnref3\"\u003E\u003Csup\u003E[3]\u003C\u002Fsup\u003E\u003C\u002Fa\u003E)\u003C\u002Fp\u003E\n\u003Ctable width=\"597\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd width=\"104\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EDemand\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"112\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EUp to 1 month\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"86\"\u003E\n\u003Cp\u003E\u003Cstrong\u003E1–3 months\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"97\"\u003E\n\u003Cp\u003E\u003Cstrong\u003E3–6 months\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"94\"\u003E\n\u003Cp\u003E\u003Cstrong\u003E6–12 months\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"103\"\u003E\n\u003Cp\u003E\u003Cstrong\u003E1 year +\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd width=\"104\"\u003E\n\u003Cp\u003E19%\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"112\"\u003E\n\u003Cp\u003E13%\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"86\"\u003E\n\u003Cp\u003E59%\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"97\"\u003E\n\u003Cp\u003E5%\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"94\"\u003E\n\u003Cp\u003E1%\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd width=\"103\"\u003E\n\u003Cp\u003E2%\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAnalysis of the potential cost of the scheme\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003ETo analyse how much this scheme might cost the Turkish Treasury, we assume the following: the tenor for all FX-hedged TL time deposits is 1 year, a conservative assumption given the data in Table 1; the starting amount is $253.5bn (as of 31 December 2021); the deposit conversions originate from US dollars; the TL interest rate is 14% and does not change during the period in question.\u003C\u002Fp\u003E\n\u003Cp\u003EWhile we assumed a 1-year tenor for the sensitivity analysis, looking at the deposits’ term structure, the higher portion of investors will likely be at the short end of the curve, which means once TL deposit matured depositor will need to decide if they want to continue be part of the scheme (i.e. there is rollover risk). In other words, someone who is interested in the scheme at the beginning may change their mind and decide to buy back dollars depending on sudden economic shocks and the general risk perception.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Table 2: Potential costs to the Treasury (TL billions)","asset":{"entryTitle":"Table 2 Potential costs to the Treasury (TL billions) qcgbf","entryDescription":null,"sys":{"id":"b89d89b4-d746-4d5e-af53-a242e72f104c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Ftable-2-potential-costs-to-the-treasury-tl-billions-qcgbf.x39050c3d.png"}}}},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EPossible scenarios\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EFrom an individual depositor’s perspective, this scheme offers a free option (to the extent the guarantee can be honoured). From a policymaker’s perspective, the policy carries significant risk.\u003C\u002Fp\u003E\n\u003Cp\u003ETable 2 illustrates the cost to the Exchequer of the scheme as a function of the size of the insured deposit base and the size of the depreciation of the Turkish Lira. By design, the scheme has no fiscal cost if the depreciation of the Turkish Lira is lower than the weekly repo rate set by the CBRT (assumed to be 14%). But in the event the Lira depreciates more than this, the costs could be significant: for instance, a 30% depreciation could lead to costs of between TL35bn-TL105bn depending on the size of deposits transferred to the scheme.\u003C\u002Fp\u003E\n\u003Cp\u003EIf the fiscal costs are sufficiently large, this policy could end up aggravating the problem it is designed to solve. In particular, to fund large losses, the Central Bank of Turkey could be pressured to print money to fund large losses, increasing inflation and fuelling further currency depreciation.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EA few things to keep an eye on\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E"},{"type":"markup","value":"\u003Cul\u003E\n\u003Cli\u003EA very high percentage of deposit holders might be interested in the incentivised product. A cap may need to be introduced to limit the scale of contingent liability for the Treasury.\u003C\u002Fli\u003E\n\u003Cli\u003EInflationary pressures, both locally and globally, provide an unhelpful backdrop to the scheme. If inflation increases further, this will put more pressure on the Lira, increasing the potential costs to the Treasury. Similarly, the FED’s rate hike policy and its implications for the US dollar will create additional pressures for emerging market currencies, aggravating the problems faced by the scheme.\u003C\u002Fli\u003E\n\u003Cli\u003EIf the policy rate paid to TL deposit holders falls, the potential loss for the Treasury increases.\u003C\u002Fli\u003E\n\u003Cli\u003EThe confidence of the deposit holder is a crucial component if the scheme is to be successful. Therefore, regular transparent communication with the targeted investors is required to recognise the risks involved.\u003C\u002Fli\u003E\n\u003Cli\u003EStrategies to attract new investment to the country should continue not only to support the currency but also to make policy tools more attractive by building more trust among investors.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EDisclaimer: \u003C\u002Fstrong\u003EThe views and opinions expressed in this blog article are those of the author, and they do not represent the views of the HSBC Bank Plc and do not constitute advice.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EEndnotes:\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003E\u003Ca href=\"#_ftnref1\" name=\"_ftn1\"\u003E[1]\u003C\u002Fa\u003E \u003Ca href=\"http:\u002F\u002Fwww.bddk.org.tr\u002FBultenHaftalik\u002Fen\"\u003Ehttp:\u002F\u002Fwww.bddk.org.tr\u002FBultenHaftalik\u002Fen\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"#_ftnref2\" name=\"_ftn2\"\u003E[2]\u003C\u002Fa\u003E One of the reasons deposit maturity is clustered around one month is that beyond one month tenors, the term premium paid by the banks becomes zero or immaterial in the local market.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"#_ftnref3\" name=\"_ftn3\"\u003E[3]\u003C\u002Fa\u003E Turkish Banking Association (\u003Ca href=\"http:\u002F\u002Fwww.tbb.org.tr\"\u003Ewww.tbb.org.tr\u003C\u002Fa\u003E).\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Supporting the Turkish Lira: Assessing the controversial experiment of the Turkish central bank"},{"summary":"The Young Economist prize will be awarded to the best paper submitted on the conference topic.","entryThumbnail":null,"image":{"altText":"QCGBF YE PRIZE","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"QCGBF YE PRIZE","entryDescription":null,"sys":{"id":"06038559-1f13-4686-964e-e19199cc1f80","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize.xbe7b78cb.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-03-22T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The Young Economist prize will be awarded to the best paper submitted on the conference topic.","relatedEvent":{"entryTitle":"Qatar Centre for Global Banking & Finance Conference 2022: The Role of Central Banks in a Transforming World","entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 2nd annual conference in London on 5 & 6 July 2022.","entryThumbnail":null,"sys":{"id":"ca89ca7a-ce9a-4c75-a4a3-34b730a24cc3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Young Economist Prize Competition 2022","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-03-25T12:23:54.9785929Z","versionNo":"7.0","modified":"2023-04-26T10:30:26.8397147Z","modifiedBy":"k1812479","published":"2023-04-26T10:30:40.951628Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7cb34e56-96e1-4541-906d-157660aa666d","projectId":"website","slug":"young-economist-prize-2022","properties":{}},"intranet":true,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EThe Qatar Centre for Global Banking and Finance’s Young Economist Prize\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Young Economist Prize is an annual competition run by the Qatar Centre for Global Banking and Finance. It is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). The winning paper will be awarded a £5,000 prize.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Young Economist prize will be awarded to the best paper submitted on the annual conference topic. It is open to PhD students of all nationalities who are currently enrolled on a programme in economics or finance (or a related field). \u003Cu\u003EThe winning paper will be awarded a £5,000 prize.\u003C\u002Fu\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EApplication Entry Criteria\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Col\u003E\n\u003Cli\u003EApplicants must be currently enrolled on a PhD programme in economics or finance (or related field). In the case of co-authored papers, all co-authors must have completed their PhD no more than five years ago.\u003C\u002Fli\u003E\n\u003C\u002Fol\u003E\n\u003Cp\u003EThe next Young Economist Prize competition will take place in Spring 2023. To learn more about the centre and to be notified when applications are open, please \u003Ca href=\"https:\u002F\u002Fkcl.us17.list-manage.com\u002Fsubscribe?u=d3bdf808a472d19ee11de9d62&id=700f0a2438\" target=\"_blank\" rel=\"noopener\"\u003Ejoin our mailing list.\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Young Economist Prize Competition 2022"},{"summary":"In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the role that sovereign green bonds can play in the transition to net zero. In this blog, we summarise some of the main points from this discussion.","entryThumbnail":null,"image":{"altText":"Green Sovereign Bonds Event Image QCGBF (2)","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Green Sovereign Bonds Event Image QCGBF (2)","entryDescription":null,"sys":{"id":"63bce355-3793-4190-9e8f-e35df61ae50f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fgreen-sovereign-bonds-event-image-qcgbf-2.xe41eedd2.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Climate Law & Governance","entryDescription":"climate-law","entryThumbnail":null,"sys":{"id":"710651ba-64af-458c-bcf5-57095ee03d82","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-04-25T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the role that sovereign green bonds can play in the transition to net zero. In this blog, we summarise some of the main points from this discussion.","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"Recording of the Sovereign Green Bonds Discussion","url":"https:\u002F\u002Fyoutu.be\u002Fnd-k3r_9bhY"}}],"title":"Sovereign green bonds: What role can they play in the transition to net zero?","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0841920","archived":null,"deleted":null,"createdBy":"","created":"2022-04-25T11:49:11.5974394Z","versionNo":"7.0","modified":"2024-04-25T11:14:10.7573105Z","modifiedBy":"k0841920","published":"2024-04-25T11:14:25.2967899Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a96b6f22-edd5-49a3-99cf-f28201503e44","projectId":"website","slug":"sovereign-green-bonds-what-role-can-they-play-in-the-transition-to-net-zero","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Megan Bowman","entryDescription":"Director of Centre for Climate Law & Governance","entryThumbnail":null,"sys":{"id":"46f78750-ae4b-4e78-93ab-7144aa787738","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Sarah Bracking","entryDescription":"Professor of Climate and Society","entryThumbnail":null,"sys":{"id":"4d4f2e66-1516-4534-84a4-7e376688d1eb","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking & Finance","articleContent":[{"type":"markup","value":"\u003Ch3\u003EWhat are sovereign green bonds?\u003C\u002Fh3\u003E\n\u003Cp\u003EGreen bonds are fixed-income instruments designed to finance projects that have been specifically earmarked as climate or environment-related. A green sovereign bond is simply a green bond that has been issued by a sovereign government.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhat is innovative in the UK’s green gilt programme?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E, Deputy Director at HM Treasury, kicked off the event by providing an overview of the UK’s sovereign green bond programme.\u003C\u002Fp\u003E\n\u003Cp\u003EIn September 2021, the UK government launched the United Kingdom’s first green “gilt” (i.e., gilt-edged security or UK government bond), a 12-year bond which raised £10 billion. This was followed in October by the issuance of 32-year green gilt of £6 billion.\u003C\u002Fp\u003E\n\u003Cp\u003EThe key design features of the green gilt are as follows:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EThe specific categories of expenditure that can be financed with green gilt proceeds are published in a use of proceeds framework document. They include areas such as clean transportation, energy efficiency and climate change adaption including flood defences (see the \u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fgovernment\u002Fpublications\u002Fuk-government-green-financing\"\u003Efull report\u003C\u002Fa\u003E for details).\u003C\u002Fli\u003E\n\u003Cli\u003EThe proceeds can be used to fund green expenditures within a four-year window, which includes both new expenditure as well as expenditure that occurred in the year prior to issuance. At least 50 per cent of the proceeds will be allocated to new projects.\u003C\u002Fli\u003E\n\u003Cli\u003EThe expenditure will be overseen by a new Inter-Governmental Green Bond Board, chaired by HM Treasury and with participation from government departments benefitting from the proceeds.\u003C\u002Fli\u003E\n\u003Cli\u003EAs part of the pre-issuance assurance process, the UK government sourced two independent second-party opinion reports. A report by Vigeo Eiris (VE) found that the framework is consistent with the \u003Ca href=\"https:\u002F\u002Fwww.icmagroup.org\u002Fsustainable-finance\u002Fthe-principles-guidelines-and-handbooks\u002Fgreen-bond-principles-gbp\u002F\"\u003EGreen Bond Principles\u003C\u002Fa\u003E developed by the International Capital Market Associated (ICMA). A report by the \u003Ca href=\"https:\u002F\u002Fwww.carbontrust.com\u002Fresources\u002Fpre-issuance-impact-uk-government-green-financing-programme\"\u003ECarbon Trust\u003C\u002Fa\u003E found that the intended use of proceeds is consistent with targets set by the Committee on Climate Change. This assurance process was felt to be particularly helpful given the forward-looking nature of some of the intended expenditures.\u003C\u002Fli\u003E\n\u003Cli\u003EThe UK government will publish an annual Allocation Report, detailing the use of proceeds and the balances that remain unused. It will also publish a biennial Impact Report, which will include information on the social as well as environmental impact of the programme.\u003C\u002Fli\u003E\n\u003Cli\u003EAlongside the green gilt programme, the UK government is offering a green retail savings product, which offers households a three-year fixed rate savings product whose proceeds will be earmarked for green spending projects.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhy do investors value green bonds?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003ESovereign green bonds command a higher price – i.e., they offer a lower yield – than conventional bonds issued by the same entity. This is sometimes referred to as the “greenium”. This price difference is somewhat puzzling in that the coupon and principal on these bonds will be paid from the same revenue stream as conventional bonds – they have identical credit risk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPhilip Smith\u003C\u002Fstrong\u003E (Blackrock) led off the discussion by explaining the considerations driving the demand for sovereign green bonds by investors despite their lower yield.\u003C\u002Fp\u003E\n\u003Cp\u003EOne rationale is an expectation that the demand for green bonds will continue to outstrip supply for some time to come, increasing their relative price further and yielding a capital gain for current investors.\u003C\u002Fp\u003E\n\u003Cp\u003EA second possible driver is regulatory pressure – for example, The Pensions Regulator in the UK recently introduced guidance that pension fund trustees need to take ESG considerations into account in their portfolios. Although this raises questions about whether investing in such lower-yielding assets cuts across pension schemes’ fiduciary responsibility to achieve the best financial outcome for their members.\u003C\u002Fp\u003E\n\u003Cp\u003EA third explanation is that the demand reflects non-economic factors – a belief that investing in such assets will lead to increased green investment, creating long-term benefits for society. There was not yet concrete evidence that such programmes generate more investment than would otherwise have been the case, however.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhat role can sovereign green bonds play for emerging markets? \u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EMatteo Bigoni\u003C\u002Fstrong\u003E (British International Investment - formerly CDC Group) followed by describing the purpose of sovereign green bonds from the perspective of a development finance institution.\u003C\u002Fp\u003E\n\u003Cp\u003EBritish International Investment (BII) had recently published its new five-year strategy, under which it will commit to allocating at least 30% of new investments into climate finance. The geographical regions in which it operates have also expanded, and include sub-Saharan Africa, South-East Asia and the Caribbean. This reflects their development objective to achieve social impact as well as climate impact.\u003C\u002Fp\u003E\n\u003Cp\u003EThe societies that are most susceptible to the adverse effects of climate change are those that are most vulnerable at present. Recognising this, the BII’s priorities are in quantifying the impact that sovereign green bonds can have in alleviating such effects – for example, by financing adaptation and resilience initiatives in developing countries.\u003C\u002Fp\u003E\n\u003Cp\u003ESovereign green bonds also offer a perfect financial vehicle for countries to finance the pledges they have made to reduce greenhouse gas emissions to levels consistent with the Paris Agreement (i.e., their \u003Ca href=\"https:\u002F\u002Funfccc.int\u002Fprocess-and-meetings\u002Fthe-paris-agreement\u002Fnationally-determined-contributions-ndcs\u002Fnationally-determined-contributions-ndcs\"\u003Enationally determined contributions (NDCs)\u003C\u002Fa\u003E). The large-scale investment required for the transition will create strains on public finances, which can be alleviated by sovereign green bonds. Issuing such bonds can also act as a commitment device, signalling the direction of travel to stakeholders and helping to kickstart private sector green bond issuance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhat are potential limitations of sovereign green bonds and the UK’s programme?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESarah Bracking\u003C\u002Fstrong\u003E (King's College London) ended the initial round of presentations by offering some critical reflection on the promises and limitations of the UK’s sovereign green bond programme.\u003C\u002Fp\u003E\n\u003Cp\u003EFirst, while this is a promising initiative by the government, green gilts still only account for a small portion of overall funds raised through government bond issuance. There is scope to expand the scale of this programme significantly – a point reinforced by the fact that the order book was 12 times oversubscribed by investors.\u003C\u002Fp\u003E\n\u003Cp\u003ESecond, the extent of “additionality” (i.e., new investment that would not otherwise have occurred) created by this programme is unclear. Some of the proceeds can be spent on eligible expenditures that have already occurred. Moreover, the funding is not entirely ring-fenced as HM Treasury maintains the right to manage any unallocated proceeds. And there is no guarantee that governmental departments that are successful in securing some of the proceeds of green gilts will not see an offsetting reduction in their normal funding.\u003C\u002Fp\u003E\n\u003Cp\u003EThird, while impressive, the impact framework requires further work to refine some of the indicators used. There are also questions about how the UK’s green taxonomy will dovetail with the EU’s taxonomy published last year given the benefits for investors of standardisation. Sarah emphasised that climate change is a social problem primarily and monitoring the distribution of the costs and benefits of a just transition requires a wider frame of reference than the impact monitoring framework provided by this programme.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EGeneral discussion\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EIn the ensuing discussion, the panellists explored some of these issues further, alongside questions from the audience.\u003C\u002Fp\u003E\n\u003Cp\u003EResponding to a question about the small scale of the green bond market, \u003Cstrong\u003EPhilip Smith\u003C\u002Fstrong\u003E noted that in the UK’s case, this undoubtedly reflected the newness of the sovereign green bond programme. The experience in other countries has been that sovereign issuance leads to a scaling up of issuance in the private green bond market. He also noted that there remain challenges with the definition and administration of green taxonomies to ensure that the quality of green bonds is maintained.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMatteo Bigoni \u003C\u002Fstrong\u003Eexplained that when deciding whether to invest in a green bond, BII employs the taxonomy used by other multinational development banks, such as IFC and EBRD. This attempts to define green in a granular way based on the intrinsic features of the underlying eligible assets, helping to reduce the risk of “greenwashing”. He also noted the importance of alignment in methodologies, which help to promote transparency, consistency and coherence in this market.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E reinforced this point, stressing the need for interoperability across green taxonomies in national jurisdictions. In response to a question as to why the UK government had not used the principles developed by the Climate Bonds Initiative, he explained that the UK’s taxonomy has wider scope, covering environmental aims as well as those relating to climate change.\u003C\u002Fp\u003E\n\u003Cp\u003EIn response to a question from the audience, \u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E explained that, in the UK, as in most other countries, revenue flows from taxes or borrowing cannot be hypothecated to particular projects. The principles, taxonomy, verification and reporting requirements of this programme guarantee to investors that the proceeds will be earmarked in the advertised way. \u003Cstrong\u003EMatteo Bigoni\u003C\u002Fstrong\u003E noted that this inability to ringfence the proceeds created a challenge for investors, particularly those investors in countries with greater political instability and lower confidence in the government.\u003C\u002Fp\u003E\n\u003Cp\u003EOn plans for this scheme going forward, the Chancellor of the Exchequer’s Spring Statement had outlined plans for a minimum of £10 billion further green gilts issuance in 2022-23. This was somewhat lower than markets had expected. \u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E explained that the scale of the programme was constrained by the amount of eligible expenditure in the window. The forward-looking nature of the scheme meant there was a trade-off between additionality and providing ex ante transparency to investors on how the funds would be allocated. But the Committee on Climate Change had estimated that the UK would require £50bn per year for next 30 years to finance the transition to net zero (a legally binding commitment). While not all this would come from the public sector, it was inevitable that the scale of this scheme would increase in future.\u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=nd-k3r_9bhY"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Sovereign green bonds: What role can they play in the transition to net zero?"},{"summary":"Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"image":{"altText":"QCGBF YE PRIZE FINALISTS 2022A","transformations":"w=780&h=440","caption":"","asset":{"entryTitle":"QCGBF YE PRIZE FINALISTS 2022A","entryDescription":null,"sys":{"id":"4166b4ea-c991-4653-b186-160d815da48b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize-finalists-2022a.xcc71c795.png?w=780&h=440"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-07-11T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","relatedEvent":{"entryTitle":"Qatar Centre for Global Banking & Finance Conference 2022: The Role of Central Banks in a Transforming World","entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 2nd annual conference in London on 5 & 6 July 2022.","entryThumbnail":null,"sys":{"id":"ca89ca7a-ce9a-4c75-a4a3-34b730a24cc3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Young Economist Prize Competition 2022 Winners","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0841920","archived":null,"deleted":null,"createdBy":"","created":"2022-07-11T14:02:59.2585515Z","versionNo":"9.0","modified":"2024-04-25T13:57:03.2957389Z","modifiedBy":"k0841920","published":"2024-04-25T13:57:21.0586222Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"00b8b669-e2fc-44d5-98cf-b6ac23885a04","projectId":"website","slug":"young-economist-prize-competition-2022-winners","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe  Qatar Centre for Global Banking and Finance hosted its second annual Young Economist Prize competition open to PhD students of all nationalities enrolled on a programme in economics or finance. Entrants were asked to submit a research paper on the Centre's 2022 Conference theme: \u003Cem\u003EThe Role of Central Banks in a Transforming World\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003ESeven finalists were shortlisted for 2022 and were provided with the opportunity to attend the Center's annual conference in London, where they presented their papers in poster format. Finalists also attended the pre-conference economics careers workshop hosted by the Centre for final-year PhD students.\u003C\u002Fp\u003E\n\u003Cp\u003EThe winners of the competition were announced during the prize ceremony on 5 July 2022 by Dr Francesca Monti (Qatar Centre for Global & Finance), Professor David Aikman (Director, Qatar Centre for Global & Finance) and Dr Rhys Bidder (Deputy Director, Qatar Centre for Global & Finance). The winning paper received a £5000 cash prize, and the two runner-up papers were awarded a prize of £1000 each.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Selection Committee for 2022 was comprised of Professor Franck Portier (University College London), Dr Misa Tanaka (Bank of England) and Professor Martin Weale (King’s College London).\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"2022 Young Economist Prize finalists with David Aikman, Rhys Bidder and Francesca Monti.","asset":{"entryTitle":"QCGBF YE PRIZE 2022 Finalists","entryDescription":null,"sys":{"id":"4a34e6c9-e6ee-47e3-b95b-1f365df7949f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize-2022-finalists.x06d3764f.jpg"}}}},{"type":"markup","value":"\u003Ch2\u003ECongratulations to the winner and finalists of the 2022 competition\u003C\u002Fh2\u003E\n\u003Ch3\u003EWinner\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ENiklas Schmitz,\u003C\u002Fstrong\u003E University of Cambridge: \u003Cem\u003EThe Downside Risk Channel of Monetary Policy\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003ERunners Up\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EGhassane Benmir\u003C\u002Fstrong\u003E, London School of Economics: \u003Cem\u003EPolicy Interaction and the Transition to Clean Technology\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFabricius Somogyi\u003C\u002Fstrong\u003E, University of St. Gallen: \u003Cem\u003EDollar Dominance in FX Trading\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003EFinalists\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDavid Xiaoyu Xu\u003C\u002Fstrong\u003E, University of Texas at Austin: \u003Cem\u003EFinancial Market Structure and the Supply of Safe Assets: An Analysis of the Leveraged Loan Market\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFabian Seyrich\u003C\u002Fstrong\u003E, DIW Berlin School of Economics: \u003Cem\u003EA Behavioral Heterogeneous Agent New Keynesian Model\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EElizaveta Sizova\u003C\u002Fstrong\u003E, KU Leuven: \u003Cem\u003EBanks' Next Top Model\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EHillary Stein,\u003C\u002Fstrong\u003E Harvard University: \u003Cem\u003EGot Milk? The Effect of Export Price Shocks on Exchange Rates\u003C\u002Fem\u003E\u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=4AEIcL1vNcE"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe next Young Economist Prize competition will take place in Spring 2023.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Young Economist Prize Competition 2022 Winners"},{"summary":"Find out more about the pre-doctoral experience at the Qatar Centre for Global Banking and Finance","entryThumbnail":null,"image":{"altText":"AdityaPolisetty-2022","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"AdityaPolisetty-2022","entryDescription":null,"sys":{"id":"a2e3a2cc-8ee8-4492-bb40-2f386b8097fa","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Fresearchers\u002Fadityapolisetty-2022.x4388fe17.jpg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2023-05-02T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Find out more about the pre-doctoral experience at the Qatar Centre for Global Banking and Finance","relatedEvent":null,"relatedLinks":[],"title":"Pre-doctoral Success Story: Aditya Polisetty","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-05-02T09:44:17.6676872Z","versionNo":"2.0","modified":"2023-05-18T09:11:59.9844689Z","modifiedBy":"k1812479","published":"2023-05-18T09:12:13.9955016Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"311d065a-e44a-460c-b97e-c46871dbc99b","projectId":"website","slug":"pre-doctoral-success-story-aditya-polisetty-qcgbf","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003E\u003Cem\u003EAditya Polisetty is a pre-doctoral researcher at the Qatar Centre for Global Banking & Finance at King's Business School. His research interests lie in quantitative and empirical macro-finance. He is interested in topics on monetary policy, banking, household finance and systemic risk. He was offered a PhD in Finance at Imperial College London.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EBelow, he shares his experience at King's Business School, his motivations and his advice for future postgraduate research students:\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003Cstrong\u003EWhat motivated you to do a pre-doc\u002FPhD and what were you doing before? Where and what did you study?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EI am interested in questions in monetary policy, household finance, banking, and financial stability, and how these questions can be answered using big data and advances in macroeconomic modelling.\u003C\u002Fp\u003E\n\u003Cp\u003ETo pursue these interests, I studied for postgraduate degrees in economics at the University of Warwick (courses in macroeconomics, microeconomics, advanced econometrics, financial economics, and a thesis on regime-switching frameworks in estimating fiscal multipliers in the US) and applied maths at Heriot-Watt University (courses in real, functional, and complex analysis, differential equations, and numerical analysis).\u003C\u002Fp\u003E\n\u003Cp\u003EMy education helped me gain a strong foundation in macroeconomics, finance and mathematics that will help me embark on a research career in macroeconomics and finance. Prior to joining the Qatar Centre, I worked as a part-time research assistant in economics at the University of Edinburgh, London Business School, and Imperial College London.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E Why did you choose the Qatar Centre for Global Banking & Finance?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAfter my postgraduate study I wanted to work at a research centre focussed on monetary economics and financial stability, and I thought the Qatar Centre would be a great place to start my research career. The centre works primarily on rethinking central bank mandates and policy frameworks, understanding new and emerging threats to economic stability, and developing new techniques for forecasting.\u003C\u002Fp\u003E\n\u003Cp\u003EI chose to work here to also benefit from working closely with researchers like Professor David Aikman and Dr Rhys Bidder at the centre who have extensive central banking experience. The centre’s location also allowed me to attend seminars in macroeconomics and finance at various universities in London and connect with senior researchers, pre-docs, and PhD students in economics and finance.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E How has your time at the Qatar Centre for Global Banking & Finance helped you? How did it influence your thinking?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe pre-doc role at the research centre really gave me excellent training in essential skills in research and helped me narrow down on my areas of interests. My role at the centre helped me immensely in building skills in data analysis, programming and gave me a very good introduction to research in macroprudential policy and decentralised finance.\u003C\u002Fp\u003E\n\u003Cp\u003EI spent a good portion of my time here on projects in decentralised finance, central bank digital currencies and financial stability. This exposure helped me familiarise myself with the important policy questions in these fields and the cutting-edge work being done by researchers across the world and at the centre.\u003C\u002Fp\u003E\n\u003Cp\u003EThe centre does a very good job of organising research seminars in its core areas with participants from prestigious universities and institutions around the world. This helped me keep up with new advances in my field. The annual conferences were a great opportunity for young researchers like me to connect with leading researchers.\u003C\u002Fp\u003E\n\u003Cp\u003EMy time here has instilled an interest in policy issues in macroeconomics and finance and has honed valuable research skills in me.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E What advice would you give to those looking to study for a PhD in your subject?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EI would strongly recommend anyone looking to study for a PhD to invest time in working as a pre-doc at a research centre that focuses on their areas of interest. For a person with interests like mine, working closely with Professor Aikman and Dr Bidder would be excellent pre-doctoral training.\u003C\u002Fp\u003E\n\u003Cp\u003EThe researchers at the Qatar Centre for Global Banking & Finance and King's Business School have vast experience in central banking, macroeconomics, time-series econometrics, and finance, and are interested in providing the support and training a pre-doc would need.\u003C\u002Fp\u003E\n\u003Cp\u003EI would suggest actively participating in research seminars at the centre and lunch seminars organised for PhD students. The centre also gives pre-docs the opportunity to work with other faculty at the King’s Business School as well and I would strongly recommend working with researchers whose work is closely aligned with your interests to gain more experience with new datasets and skills.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Pre-doctoral Success Story: Aditya Polisetty"},{"summary":"Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance","entryThumbnail":null,"image":{"altText":"A cloud of emissions floats from a factory or power station's tall chimney stacks","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Climate and emissions","entryDescription":null,"sys":{"id":"5ad25794-826f-40f8-9cfb-0d32d8407464","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FLau-China\u002Fmain\u002Fclimate-and-emissions.x3d905752.jpg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Environment","entryDescription":null,"entryThumbnail":null,"sys":{"id":"69680bb5-a874-4b54-a20c-d2bd82ca6aa7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2023-10-03T12:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance","relatedEvent":null,"relatedLinks":[],"title":"New research shows how companies could be gaming their reported greenhouse gas emissions","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2023-07-21T08:44:54.0478652Z","versionNo":"1.0","modified":"2023-10-03T13:36:53.7415702Z","modifiedBy":"k1808181","published":"2023-10-03T13:37:15.086046Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8b4a6d12-fbaa-4c04-b8e7-0c8e99c53d51","projectId":"website","slug":"new-research-shows-how-companies-could-be-gaming-their-reported-greenhouse-gas-emissions","properties":{}},"intranet":false,"relatedCourses":[{"entryTitle":"Environmental, Social, Governance (ESG) Management","entryDescription":"The programme will introduce you to cutting-edge theoretical and applied research on the management of environmental, social, and governance matters. The topic areas covered are multi-disciplinary, and the programme will offer you research- and problem-based perspectives from fields as diverse as science, economics, accounting, finance, law, and strategy. ","entryThumbnail":null,"sys":{"id":"72911f58-b4d9-4aa8-9e34-539eeca2f93c","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fesg-management-2"}}],"relatedPeople":[{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Yao Dong","entryDescription":"PhD Student in Banking & Finance","entryThumbnail":null,"sys":{"id":"21797717-3001-49cd-aba7-fec969708f9e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Evangelos Drellias","entryDescription":"Research Affiliate, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"ec67d524-6da2-4af5-8198-7f3d5f37da47","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Swarali Havaldar","entryDescription":"Pre-doctoral Researcher, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"a661bdef-2afc-4050-bc01-ed771cc84c63","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ENew research by academics at King’s Business School has shown that companies are able to ‘game’ their reported greenhouse gas emissions to an extent that is both financially and environmentally material because of the discretion they have around the methods and datasets they use in their calculations. They found that by choosing a more flattering dataset and method as the basis for their emissions calculations, companies could engineer a reported emissions total between 4.6 and 6.7 times smaller than the total they would be required to report if they used the least flattering dataset and method.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EHow do organisations calculate their greenhouse gas emissions?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EBusinesses use emissions factor datasets to help them to calculate the CO2 equivalent (CO2e) emissions generated by each aspect of their business activities. The process involves multiplying each unit of activity by the relevant emission conversion factor and its scientifically understood global warming potential. Three main global emissions factor datasets, as well as multiple national datasets, are approved under the United Nations Framework Convention on Climate Change. These are; the UK Department for Environment, Food and Rural Areas (DEFRA) database, the US Environmental Protection Agency (US EPA) and EXIOBASE, used by the European Union and multiple countries worldwide.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EHow can this be gamed?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThere are currently no explicit rules requiring companies to disclose the datasets they use to calculate their CO2e emissions. The King’s Business School team, comprising; David Aikman, Yao Dong, Evangelos Drellias, Swarali Havaldar, Marc Lepere and Matthias Nilsson, set out to understand the difference made by a company’s choice of dataset and methods.\u003C\u002Fp\u003E\u003Cp\u003ETheir initial analysis found that the ‘emissions factors’ in the UK DEFRA dataset were on average 10% lower than those in the US-EPA dataset.\u003C\u002Fp\u003E\u003Cp\u003EThe team then took activity data from three real companies and prepared their CO2e emissions reporting based on the UK DEFRA and US EPA datasets. The case study companies’ business models resulted in emissions produced in variety of different ways, including manufacturing and assembling products, transport, buying electricity and business travel. Each type of activity falls into one of three different ‘Scopes’ for calculating emissions set out in the Greenhouse Gas protocol:\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ctable style=\"border-collapse: collapse; width: 100%;\" border=\"1\"\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd style=\"width: 97.7706%;\"\u003E\u003Cp\u003E\u003Cstrong\u003EScope 1\u003C\u002Fstrong\u003E \u003Cstrong\u003Egreenhouse gas emissions\u003C\u002Fstrong\u003E are the direct emissions from sources that are controlled or owned by the company e.g. the quantity of fuels burned on-site or the quantity of fuel used in company-owned vehicles and equipment.\u003C\u002Fp\u003E\u003C\u002Ftd\u003E\u003C\u002Ftr\u003E\u003Ctr\u003E\u003Ctd style=\"width: 97.7706%;\"\u003E\u003Cp\u003E\u003Cstrong\u003EScope 2\u003C\u002Fstrong\u003E emissions arise from the generation of electricity bought and consumed by the company.\u003C\u002Fp\u003E\u003C\u002Ftd\u003E\u003C\u002Ftr\u003E\u003Ctr\u003E\u003Ctd style=\"width: 97.7706%;\"\u003E\u003Cp\u003E\u003Cstrong\u003EScope 3\u003C\u002Fstrong\u003E includes all other indirect emissions from a company’s activities, from the emissions from the goods and services it buys, to transport, waste processing, business travel and staff commuting. Where insufficient granular detail is available, businesses may calculate their emissions based on their spending on a type of activity.\u003C\u002Fp\u003E\u003C\u002Ftd\u003E\u003C\u002Ftr\u003E\u003C\u002Ftbody\u003E\u003C\u002Ftable\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EFindings\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThe researchers found that ‘Scope 3’ calculations varied the most when a different dataset was used, especially when they were based on the ‘spend based’ method of calculation. Many companies rely on this method because the data needed is so readily available to them. Overall, the researchers found that, for the companies in the study, switching from the UK DEFRA to the US EPA dataset would have increased their reported CO2e emissions by an average 5.4%. Research implies that if the companies were listed, this would result in a 1.9% hit to their share price.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"This matters because if business can’t, or won’t, calculate CO2e emissions accurately, then we can’t plot a proper path to keeping the global temperature at or below the 1.5C above pre-industrial levels that scientists see as a tipping point.","source":"Dr Marc Lepere, Executive Education Sustainability Lead, King’s Business school and Founder & Chief Scientific Officer of Omnevue"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EMaking emissions calculations more reliable\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003ETo address the potential gaming of CO2e reporting, the researchers make five policy recommendations:\u003C\u002Fp\u003E\u003Col\u003E\u003Cli\u003ERegulate preparers of GHG emissions calculations and require external audit.\u003C\u002Fli\u003E\u003Cli\u003ERequire reporting entities to disclose the proportion of all scopes that are covered and assured.\u003C\u002Fli\u003E\u003Cli\u003ERequire reporting entities to disclose the methods and datasets used in their emissions calculations up front in their accounts and to restate historical data to aid comparison.\u003C\u002Fli\u003E\u003Cli\u003ERequire reporting entities to calculate and disclose emissions using datasets that are representative of where the emissions producing activity takes place. Reporting entities should also report against different emission factor datasets, including both local and global.\u003C\u002Fli\u003E\u003Cli\u003ENational agencies should investigate categories of emissions factors with large variances across datasets.\u003C\u002Fli\u003E\u003C\u002Fol\u003E"},{"type":"quote","value":{"text":"Increasingly large sums of capital are being deployed either in line with Environmental, Social and Governance criteria or with the explicit aim of mitigating climate change. Investment managers need assurance that the data they are basing their decisions on is as robust and transparent as it can be. At the moment, it clearly isn’t.","source":"Professor David Aikman, Professor of Finance (Practice) and Director of the Qatar Centre for Global Banking & Finance"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":null},{"type":"postitNote","value":{"alignment":"Full width","title":"Find out more","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fresearch-papers\u002Fkbs-research-impact-paper-1-emissions-gaming.pdf\" target=\"_blank\" rel=\"noopener\"\u003ERead the full paper\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"New research shows how companies could be gaming their reported greenhouse gas emissions"},{"summary":"Senior Bank official speaks at Qatar Centre for Global Banking and Finance conference","entryThumbnail":null,"image":{"altText":"andrew hauser at kings business school","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"andrew hauser at kings business school","entryDescription":null,"sys":{"id":"805f0522-6cef-4d5b-b488-9483406fb630","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fandrew-hauser-at-kings-business-school.xc06ec7af.jpeg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2023-11-06T13:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Senior Bank official speaks at Qatar Centre for Global Banking and Finance conference","relatedEvent":{"entryTitle":"Bank of England Watchers’ Conference 2023","entryDescription":"This annual conference brings together policymakers, market economists and leading academics to discuss current issues in monetary and financial stability policy with a deliberate focus on the UK. ","entryThumbnail":null,"sys":{"id":"eb9499e5-e6f0-452b-98c5-fb916e09e505","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Bank of England's Andrew Hauser says technological change increases the risk of larger and faster deposit runs","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2023-11-03T17:37:53.4842232Z","versionNo":"1.0","modified":"2023-11-06T17:54:03.5534982Z","modifiedBy":"k1808181","published":"2023-11-06T17:54:15.5217582Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"98e44b26-31b5-47f9-bff4-f6ef16f86a6f","projectId":"website","slug":"bank-of-englands-andrew-hauser-says-technological-change-increases-the-risk-of-larger-and-faster-deposit-runs","properties":{}},"intranet":false,"relatedCourses":[{"entryTitle":"Global Finance & Banking MSc (online)","entryDescription":"Rooted in academic excellence and delivered by the triple-accredited King’s Business School, our Global Finance & Banking MSc offers a unique blend of theoretical methodologies grounded in real-world practice.","entryThumbnail":null,"sys":{"id":"d6e1ffd2-5334-402d-8ece-7dea3620cc44","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fglobal-finance-and-banking-msc"}},{"entryTitle":"Economics & Finance","entryDescription":"Learn about micro and macroeconomics, financial markets & services and the relationship between finance and econometrics.","entryThumbnail":null,"sys":{"id":"5ef9327d-ec5c-49ca-abbd-74d94a481eca","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Feconomics-finance-msc"}}],"relatedPeople":[],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ESpeaking at the second annual Bank of England Watchers Conference held by the School’s Qatar Centre for Global Banking of Finance, Andrew Hauser, Executive Director for Markets at the Bank of England warned of the risk of larger and faster deposit runs as a result of technological change.\u003C\u002Fp\u003E\n\u003Cp\u003EHe said that addressing this possibility was one of the bigger challenges facing central banks today. Referencing the impact of the collapse of Silicon Valley Bank earlier this year, he highlighted the challenge of ‘ensuring that banks’ liquidity insurance remains appropriate as technological change increases the risk of larger and faster deposit runs.’\u003C\u002Fp\u003E\n\u003Cp\u003EHe also discussed another primary concern for many central banks at the moment: determining where central bank balance sheets should settle in the medium term as they try to bring inflation back to target while unwinding Quantitative Easing.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAddressing speculation on the Bank’s reserves remuneration policy\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDuring the discussion following his speech Mr Hauser re-iterated the Bank of England’s commitment to its current policy of paying banks interest on the reserves they deposit with it. There has been persistent speculation on this issue because of the potential savings it could present. In recent weeks the Swiss National Bank has announced cuts to the rate it will pay on bank deposits and there has been discussion about whether the European Central Bank intends to follow suit.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"The basis of our regime is reserves remuneration. If we didn't remunerate reserves, rates would fall below the Bank Rate. And at a time when we're trying to bring inflation down, that would be uncomfortable.","source":"Andrew Hauser, Executive Director for Markets, Bank of England"}},{"type":"markup","value":"\u003Cp\u003EMr Hauser spoke at the second annual Bank of England Watchers’ Conference organised by King’s Business School’s Qatar Centre for Global Banking and Finance and the Money Macro Finance Society. The purpose of the conference, which was inspired by the well-known European Central Bank Watchers’ Conference and the US Monetary Policy Forum, is to bring together leading academics, policymakers, and financial market practitioners to discuss and debate salient policy issues, with a deliberate emphasis on the Bank of England.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Bank of England's Andrew Hauser says technological change increases the risk of larger and faster deposit runs"},{"summary":"This blog extracts information on market participants’ beliefs as to the future extent of global warming from the prices of commodities. ","entryThumbnail":null,"image":{"altText":"Hoba meteorite view point, Namibia, Africa","transformations":"w=782&h=440&crop=780,440,1,0","caption":"Hoba meteorite view point, Namibia, Africa. The meteorite is composed by high density heavy metals, mostly iron and nickel with traces of cobalt. (Image licensed via Canva Pro)","asset":{"entryTitle":"Macroprudential Matters Featured Images (1)","entryDescription":null,"sys":{"id":"af10912d-dcd9-4b15-a851-b71caf83b62c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fmacroprudential-matters-featured-images-1.x593fe256.jpg?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2023-11-22T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"This blog extracts information on market participants’ beliefs as to the future extent of global warming from the prices of commodities. ","relatedEvent":null,"relatedLinks":[],"title":"Metals, markets and melting points: deriving market expectations of global warming from commodities prices","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2023-11-22T10:41:54.6231075Z","versionNo":"3.0","modified":"2023-11-22T15:19:25.1212275Z","modifiedBy":"k2364112","published":"2023-11-22T15:19:45.023335Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"675ad41a-b4da-4e96-9856-12663488b5e2","projectId":"website","slug":"metals-markets-and-melting-points-deriving-market-expectations-of-global-warming-from-commodities-prices","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":"Evangelos Drellias, Pre-Doctoral Researcher and Joseph Noss, Visiting Fellow at the Qatar Centre for Global Banking and Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003E\u003Cem\u003ESome commodities (e.g. copper, lithium, nickel and cobalt) are likely to play a critical role in the transition to net-zero emissions (e.g. due to their use in electric vehicles). Under a credible net-zero transition scenario the demand for such commodities – and hence their present value – should therefore increase.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EThis article develops a methodology that uses the market prices of such commodities to estimate a market-implied probability distribution of future global temperatures. Market expectations of global temperatures in 2050 have decreased by around 0.4\u003C\u002Fem\u003E°C\u003Cem\u003E since 2010 but have been quite volatile. Market-expectations of future temperatures fell particularly sharply between 2020 and 2022 – a period that saw increased commitments by policymakers to reducing emissions (e.g. COP26). Market-implied uncertainty around these central expectations of global temperatures increased over the same period.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EFurthermore, this blog uses the prices of commodities to derive estimates of market participants’ beliefs as to the future extent of global warming. The commodities whose prices it uses are those that are \u003Ca href=\"https:\u002F\u002Fwww.lse.ac.uk\u002Fgranthaminstitute\u002Fpublication\u002Fthe-stumbling-block-in-the-race-of-our-lives-transition-critical-materials-financial-risks-and-the-ngfs-climate-scenarios\u002F\"\u003Elikely to play a crucial role in the transition\u003C\u002Fa\u003E to a low carbon economy and the expansion of low carbon technologies: specifically, copper, lithium, nickel and cobalt. Several of these commodities \u003Ca href=\"https:\u002F\u002Fwww.iea.org\u002Freports\u002Fglobal-ev-outlook-2023\u002Ftrends-in-batteries\"\u003Eprovide crucial components\u003C\u002Fa\u003E of batteries for electric vehicles – the adoption of which is likely to play a key role in the replacement of cars with internal combustion engines. Demand for \u003Ca href=\"https:\u002F\u002Fwww.iea.org\u002Freports\u002Fglobal-ev-outlook-2023\u002Ftrends-in-batteries\"\u003Ecopper is likely to increase in order to reconfigure\u003C\u002Fa\u003E electricity grids.\u003C\u002Fp\u003E\n\u003Cp\u003EThe approach taken here assumes that the price of these commodities (see \u003Cstrong\u003EChart 1\u003C\u002Fstrong\u003E) reflects investors’ beliefs as to their future demand, including in order to facilitate the transition to low emissions, and hence reducing global warming. The lower global temperatures are to remain, the greater the subsequent demand for such commodities. Higher commodity prices are therefore, in the long-term, assumed to reflect a lower quantity of global emissions, and hence lower global temperatures. The prices of commodities can therefore be used to infer information as to their future demand, and hence the degree of global warming expected by market participants that trade them.[1]\u003C\u002Fp\u003E\n\u003Cp\u003EThere is a strong tradition of central banks and other policymakers extracting information from the prices of financial securities. Under the efficient market hypothesis, the prices of securities reflect publicly available information relating to their future payoffs. Policymakers can therefore use these prices to back out information about these expected future cashflows. For example, central banks \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fquarterly-bulletin\u002F2002\u002Fq1\u002Fanalysts-earnings-forecasts-and-equity-valuations\"\u003Euse equity prices to derive investors’ perceptions\u003C\u002Fa\u003E of future dividends. Bond and swap market prices can communicate \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fworking-paper\u002F2001\u002Fnew-estimates-of-the-uk-real-and-nominal-yield-curves\"\u003Einvestors’ views on the future paths of interest and\u003C\u002Fa\u003E\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fworking-paper\u002F2001\u002Fnew-estimates-of-the-uk-real-and-nominal-yield-curves\"\u003E and inflation rates\u003C\u002Fa\u003E. Prices of structured credit instruments have been \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fworking-paper\u002F2010\u002Fextracting-information-from-structured-credit-markets\"\u003Eused to back out information on investors’ perceptions of systemic risks\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003ETo the best of the authors’ knowledge, however, this is the first-time information on commodity prices has been used to derive information on future global temperatures.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EChart 1: The prices of some transition-critical commodities\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart1","entryDescription":null,"sys":{"id":"7c765c4a-8ce2-4413-900d-d1e0f11dca5e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart1.xfc75d549.png"}}}},{"type":"markup","value":"\u003Cp\u003E\u003Cem\u003EMoving beyond emissions\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ECurrent approaches to deriving information on global warming from financial securities typically focus on the emissions embodied in a firm or assets’ operations and assets. For example, the financial community has started to use the metric ‘\u003Ca href=\"https:\u002F\u002Fwww.msci.com\u002Fdocuments\u002F1296102\u002F27422075\u002FImpliedTemperatureRise-cfs-en.pdf\"\u003Eimplied temperature increase\u003C\u002Fa\u003E’, to measure the degree to which a firm (or security it issues) is aligned with a transition to net zero emissions. An implied temperature increase is the increase in global temperatures that would occur if an economy (or sector within it) gave rise to emissions similar to a given firm.\u003C\u002Fp\u003E\n\u003Cp\u003EHowever, a firms’ emissions give only a very crude indication of the degree to which a firm or asset is likely to lead to a given level of global warming. \u003Ca href=\"https:\u002F\u002Fwww.wtwco.com\u002Fen-gb\u002Finsights\u002F2023\u002F05\u002Femissions-impossible-quantifying-financial-risks-associated-with-the-net-zero-transition\"\u003ERecent research\u003C\u002Fa\u003E suggests that firms’ emissions provide little information on the degree to which they – or the technology or assets in which they invest – is likely to enable transition elsewhere in the economy. Some firms that are relatively low emitting may disrupt net-zero transition – for example, those supplying software to oil and gas companies. Other firms that are high emitting \u003Ca href=\"https:\u002F\u002Fwww.google.com\u002Furl?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwicqKX8z_qBAxWjTkEAHckbBxEQFnoECA4QAQ&url=https%3A%2F%2Fwww.wtwco.com%2F-%2Fmedia%2Fwtw%2Fsolutions%2Fseeing-through-the-smog-whitepaper-aug22.pdf&usg=AOvVaw2ggmfQAqIZb6xoJAag_FOQ&opi=89978449\"\u003Eare likely to enable a reduction of emissions elsewhere in their value chains\u003C\u002Fa\u003E – for example those mining commodities that will play a crucial role in facilitating transition.\u003C\u002Fp\u003E\n\u003Cp\u003ETo surmount this problem, this blog article instead uses the market prices of commodities to back out estimates of market expectations of global temperatures. Doing so abstracts from the quantity of emissions embodied in the extraction and processing of these commodities, and instead focusses more on the broader value of these commodities as a means of reducing global warming in the wider economy – eg. by enabling low carbon technology.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EMethodology: commodities as options on future global temperatures\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ETo extract information on global warming from commodity prices, we develop a simple model of commodities prices as a function of market participants’ expectations of global temperature increases. We consider commodities to be analogous to an ‘option’ on future temperatures: that is, a financial security whose value is a function of the future trajectory of global warming. In reality, of course, commodity prices are likely to be influenced by a variety of factors that reflect their supply and demand. But to the extent that, at least in the long-term, supply and demand for these commodities is affected by their role in transition, the methodology provides at least an indication of global warming based on market prices.\u003C\u002Fp\u003E\n\u003Cp\u003EThe sort of option we choose is a ‘\u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FPut_option\"\u003Eput’ option\u003C\u002Fa\u003E, which are widely used by financial practitioners, and can be valued using the \u003Ca href=\"https:\u002F\u002Fwww.google.com\u002Furl?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjN3v3q9IGCAxXT_rsIHXwjAogQFnoECB8QAQ&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FBlack%25E2%2580%2593Scholes_model&usg=AOvVaw3Y3P-LHLGDz-OHGgwisPKx&opi=89978449\"\u003EBlack-Scholes model\u003C\u002Fa\u003E. We consider commodities as analogous to put options whose value is the discounted future value of the difference between a given ‘strike temperature’, and the future level of global temperatures. The ‘strike temperature’ is the maximum level of future temperatures at which the commodity has value. The lower temperatures are expected to remain below this value, the greater the value of option (and commodity), because of implied demand for the commodity in the subsequent net zero transition. If temperatures eventually exceed this value, the option (and hence commodity) will be less valuable.[2]\u003C\u002Fp\u003E\n\u003Cp\u003EWe assume global temperatures follow a ‘\u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FGeometric_Brownian_motion\"\u003EGeometric Brownian motion\u003C\u002Fa\u003E’: a stochastic process used widely elsewhere in finance literature. Under such a process, the \u003Cem\u003Eexpected \u003C\u002Fem\u003Epercentage increase in global temperatures over any period of time is to equal the long-term increase in temperatures, or ‘drift’. But the \u003Cem\u003Eactual\u003C\u002Fem\u003E change in temperatures is also random and varies over time random (stochastic) component that is drawn from a normal distribution with mean zero, and some constant standard deviation (or ‘volatility’). Together, this drift and volatility determine the mean and standard deviation of the distribution of global temperatures at a given future point in time (e.g. in 2050).[3]\u003C\u002Fp\u003E\n\u003Cp\u003EThe approach taken here is to find the value of drift and volatility – that is, the average increase in, and volatility of global temperatures over time – under which the \u003Cem\u003Emodelled\u003C\u002Fem\u003E prices of commodities match those observed in market.[4] To the extent that the model captures the long-term drivers of the value of commodities (or at least that due to their role in net zero transition), then the distribution of global temperatures consistent with this drift and volatility will match the distribution of temperatures expected by market participants.\u003C\u002Fp\u003E\n\u003Cp\u003EWe calibrate the parameters of the model so that the value of commodities implied by our model matches that observed in the market at the most recent point in the data set (June 2023). To do so, we take the real-world forecast of global temperatures in 2050 \u003Ca href=\"https:\u002F\u002Fwww.ipcc.ch\u002Freport\u002Fsixth-assessment-report-cycle\u002F\"\u003Egiven by the Intergovernmental Panel on Climate Change in their 2023 Sixth Assessment Report\u003C\u002Fa\u003E.[5] We set the drift and volatility of the stochastic process governing global temperatures in our model equal to values such that the resulting distribution of global temperatures given by the model matches that in the IPCC forecast. We then find parameters for the model so that the modelled prices of commodities precisely equals those observed in June 2023.[6]\u003C\u002Fp\u003E\n\u003Cp\u003EWe then fit the model to 162 monthly observations of the prices of each of four commodities (copper, lithium, nickel and cobalt) between January 2010 and June 2023. For each month, we obtain the drift and volatility that minimises the average difference between the modelled and observed prices of the four commodities. This yields a monthly time series of drift and volatility, which can then be transformed into a time series of the market-implied mean and variance of the distribution of global temperatures in 2050, on each of these dates.[7]\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EResults\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EChart 2 \u003C\u002Fstrong\u003Ebelow shows the mean and standard deviation of global temperatures in 2050 derived from monthly observations of the market prices of copper, lithium, nickel and cobalt between 2010 and 2023.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ctable width=\"638\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd width=\"638\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EChart 2: Expectations and variance of the distribution of global temperatures in 2050\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart2","entryDescription":null,"sys":{"id":"70b8bed9-023b-4fd8-a3eb-43bc2bb7d39e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart2.x833c65aa.png"}}}},{"type":"markup","value":"\u003Cp\u003EThere are four key takeaways:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EFirst, the level of market-implied expected global temperature in 2050 (\u003Cstrong\u003Eblue line in Chart \u003C\u002Fstrong\u003E1) has decreased a little in the past thirteen years, from over 3.2°C in 2010, to its current level of around 2.8° This is reflected in the average increase in the price of the four commodities (\u003Cstrong\u003EChart 2\u003C\u002Fstrong\u003E), which may – at least in part – reflect increased demand for use in net-zero transition.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EExpected future global temperatures reach their lowest value in 2022, which coincides in a sharp, if temporary, increase in the value of lithium around the same time. This might reflect increased beliefs on the part of market participants as to the strength and credibility of policy-makers willingness to drive a transition to net-zero emissions around this time. There was a sharp acceleration of policymaker efforts in this vein in 2021, reflected in the UK-hosted \u003Ca href=\"https:\u002F\u002Fwww.google.com\u002Furl?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiUyLbM0_qBAxVoQkEAHTDKAc8QFnoECBQQAQ&url=https%3A%2F%2Fukcop26.org%2F&usg=AOvVaw1U-pDm6fIlL4_bv8jP8haE&opi=89978449\"\u003ECOP26 summit\u003C\u002Fa\u003E and formation of \u003Ca href=\"https:\u002F\u002Fwww.gfanzero.com\u002F\"\u003EGFANZ\u003C\u002Fa\u003E (a coalition of financial institutions committed to reducing global emissions).\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ESecond, the market-implied expected global temperature in 2050 increased slightly in the 18 months following January 2022. This may reflect a partial reticence on the part of some governments and electorates to apply adhere to the pledges for emissions reduction that were affirmed at COP26: for example, the recent \u003Ca href=\"https:\u002F\u002Fwww.google.com\u002Furl?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjWn7zc1PqBAxV5VkEAHdpEBcMQFnoECA0QAQ&url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F3f064321-138c-4c65-bbb9-6abcc92adead&usg=AOvVaw1bU4bV1thrD72mGZbsly3s&opi=89978449\"\u003EESG ‘backlash’ in some US states\u003C\u002Fa\u003E, or partial \u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fgovernment\u002Fspeeches\u002Fpm-speech-on-net-zero-20-september-2023\"\u003Eretraction of some emissions reduction commitments by the UK government\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cul\u003E\n\u003Cli\u003EThird, there is significant volatility over time in the market-implied expected temperature in 2050. The expected temperature decreases by around 10% in the period between 2014 and 2018 – a period in which there was an \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fspeech\u002F2015\u002Fbreaking-the-tragedy-of-the-horizon-climate-change-and-financial-stability\"\u003Eincreasing consciousness amongst financial institutions and their regulators\u003C\u002Fa\u003E of the role of climate-related risks. Expected temperatures then increase in the period 2018 to 2022, before falling sharply in the run up to COP26. Importantly, this variation in expected future \u003Ca href=\"https:\u002F\u002Fwww.ngfs.net\u002Fngfs-scenarios-portal\u002F\"\u003Etemperatures far exceed that implied by the smooth transition paths for global temperatures found in official-sector climate scenarios.\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cul\u003E\n\u003Cli\u003EFinally, despite the reduction in expected temperatures over the past 13 years, the variance of the market-implied distribution of global temperatures (\u003Cstrong\u003Ered line in Chart 1\u003C\u002Fstrong\u003E) has increased in the period since 2021. This might reflect residual uncertainty on the path of market participants as to the strength and credibility of policymaker pledges to drive net-zero transition.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EConclusion \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThis blog article offers a means of backing-out market participants’ expectations of the future distribution of global temperature increases from the prices of commodities likely to play a crucial role in the transition to net-zero emissions. To the extent that the current prices of these commodities reflect investors’ beliefs as to the extent and speed of the net-zero transition, they allow us to infer investors’ beliefs as to the extent of global warming. The methodology offers an improvement over other methods of assessing inferring increases in temperatures from firms’ emissions.\u003C\u002Fp\u003E\n\u003Cp\u003EThe methodology may be of use to policymakers interested in market perceptions of the future trajectory of global warming. Based on the results offered here, market expectations of global temperatures in 2050 have decreased a little since 2010, but are quite volatile. Market perceptions of the net-zero transition appear to vary over time in line with changes in the perceived strength and credibility of policymakers\u002Fpoliticians’ commitments to net-zero transition.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EFootnotes:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[1] The commodities used here are those for which demand – and hence their value – is likely to increase under a net-zero transition scenario. In principle, it would also be possible to infer expectations of global warming from the prices of commodities (such as oil and gas) for which demand – and hence their value – is likely to decrease under transition\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[2] Specifically, we assume the value of each commodity to be equal to the value of a perpetual American put option. The value of such an option takes the value of when exercised at time T, where K is the strike temperature and S\u003Csub\u003ET \u003C\u002Fsub\u003Ethe value of global temperatures at time T; p is a constant that whose value is found as part of the calibration of the model (see below).\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[3] Global temperatures could also be modelled complex stochastic process, including, for example, that incorporating a degree of mean reversion or jumps; this is, however, left as further work.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[4] Formally, we find the drift and volatility that minimize the sum of squared percentage difference between the observed market price of each of the four commodities and their value imputed by the model.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[5] In 2023 the IPCC forecast that their central expectation of global temperatures in 2050 was 2.8°C.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[6] Formally, we solve for the value of p such that the payoff of the option representing the value of each commodity, , matches that observed in the market, where the value of the stochastic process S\u003Csub\u003ET\u003C\u002Fsub\u003E has a distribution equal to that forecast by the IPCC report where T = 2050.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[7] We choose 2050 because this is the latest year considered by official-sector climate scenario analysis (for example that by the \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002F-\u002Fmedia\u002Fboe\u002Ffiles\u002Fevents\u002F2022\u002Fjune\u002Fclimate-biennial-exploratory-scenario-slides.pdf\"\u003EBank of England\u003C\u002Fa\u003E); but it is also possible to derive market-implied distributions of temperatures for any future date.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Metals, markets and melting points: deriving market expectations of global warming from commodities prices"},{"summary":"Experts from King’s hosted an event at COP28 in collaboration with the United Nations (UN), to examine the role of the financial services sector in the transition towards net zero emissions.","entryThumbnail":null,"image":{"altText":"COP28 (2)","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"COP28 (2)","entryDescription":null,"sys":{"id":"6bf597fd-8eda-4a78-9e29-1829798bcae9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fcop28-2.xc2211732.jpg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2023-12-14T08:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Experts from King’s hosted an event at COP28 in collaboration with the United Nations (UN), to examine the role of the financial services sector in the transition towards net zero emissions.","relatedEvent":null,"relatedLinks":[],"title":"Financial sector experts join King's event at COP28","sys":{"owner":"k2254674","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2254674","archived":null,"deleted":null,"createdBy":"k2254674","created":"2023-12-14T09:23:18.1418162Z","versionNo":"3.0","modified":"2023-12-19T11:27:28.1511688Z","modifiedBy":"k2254674","published":"2023-12-19T11:27:38.6242669Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0073f633-e5cf-4898-bfe3-3ed9e3254646","projectId":"website","slug":"financial-sector-kings-event-cop28","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ERepresentatives from leading financial services organisations around the world came together for the roundtable event in Dubai, to consider how the sector can mobilise funds to increase investment in new technologies and energy systems.\u003C\u002Fp\u003E\n\u003Cp\u003EChaired by \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fdavid-aikman\" target=\"_blank\" rel=\"noopener\"\u003EProfessor David Aikman\u003C\u002Fa\u003E, Director of the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\" target=\"_blank\" rel=\"noopener\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\" target=\"_blank\" rel=\"noopener\"\u003EKing’s Business School\u003C\u002Fa\u003E, the discussion aimed to join the dots between engineering innovation and finance.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"There has long been a sense that the financial sector needs to provide much more funding to green projects and carbon-reducing technology. But in order for this to happen at required scale, the sector needs to be given stronger incentives. This discussion presented an opportunity to hear from leading financial institutions globally about practical early-stage financial solutions currently being trialed, the key barriers they perceive to exist, and policy priorities.","source":"Professor David Aikman"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"UN event at COP28","entryDescription":null,"sys":{"id":"6d67f776-822e-4121-8142-7c56010b7662","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fun-event-at-cop28.x15a4d50b.jpg"}}}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EHosted in partnership with the \u003Ca href=\"https:\u002F\u002Fwww.unepfi.org\u002F\" target=\"_blank\" rel=\"noopener\"\u003EUN Environment Programme Finance Initiative\u003C\u002Fa\u003E, and \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fresearch\u002Fnet-zero-centre\" target=\"_blank\" rel=\"noopener\"\u003EKing's Net Zero Centre\u003C\u002Fa\u003E, as part of the ‘Sustainable Finance Forum’ series of events at COP28, the panel included:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EDr Mukund Rajan, Chairperson, ECube Investment Advisors\u003C\u002Fli\u003E\n\u003Cli\u003EAmit Puri, Global Head, Sustainable Finance, Standard Chartered Bank\u003C\u002Fli\u003E\n\u003Cli\u003EOmmid Saberi, Global Program Lead - Green and Resilient Buildings, International Finance Corporation\u003C\u002Fli\u003E\n\u003Cli\u003ELuanne Sieh, Group Chief Sustainability Officer, CIMB Group.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003ESpeakers shared a number of examples of where financial institutions have innovated in providing climate finance solutions, from loans with preferential interest rates for borrowers who meet their sustainability targets, to the role of “blended finance” (i.e. public-private cooperation) in mobilising capital.\u003C\u002Fp\u003E\n\u003Cp\u003EThe discussion also addressed the many barriers that prevent ideas and projects from being scaled up. Panel members advocated for a reduction in bank capital requirements for green projects and for a expanded role for carbon pricing and green taxonomies, particularly in emerging market economies.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fgulcin-ozkan\" target=\"_blank\" rel=\"noopener\"\u003EProfessor Gulcin Ozkan\u003C\u002Fa\u003E, Professor of Finance at King's Business School, was in the audience at the event. She said: “There appears to be no systematic definition of what makes an investment or project green (sustainable), especially in emerging economies.”\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fraul-rosales\" target=\"_blank\" rel=\"noopener\"\u003EProfessor Raúl Rosales\u003C\u002Fa\u003E, Strategic Engagement Lead at King's Net Zero Centre, added: \"There is plenty of work to do connecting the dots between engineering energy systems' innovation and disruptive low-carbon technologies, with policymakers and investors.”\u003C\u002Fp\u003E\n\u003Cp\u003EAs a result of roundtable, Professor Aikman and his colleagues are now preparing a policy briefing note which will be published in the early new year, featuring a list of recommendations that could help develop the financial sector’s ecosystem for investing in climate adaptation.\u003C\u002Fp\u003E"},{"type":"image","value":null}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Financial sector experts join King's event at COP28"},{"summary":"Student teams role-played as different financial bodies to discuss the role of central banks in the green transition","entryThumbnail":null,"image":{"altText":"kbsevent_2024-02-29_0271","transformations":"w=780&h=520&crop=780,440,0,80","caption":"Members of Team X representing the International Monetary Fund, delivering their opening statement.","asset":{"entryTitle":"kbsevent_2024-02-29_0271","entryDescription":null,"sys":{"id":"d1f0ba9f-b499-431d-bb6b-8a068c451d79","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fkbsevent-2024-02-29-0271.xfa9c7304.jpg?w=780&h=520&crop=780,440,0,80"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-03-07T15:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Student teams role-played as different financial bodies to discuss the role of central banks in the green transition","relatedEvent":null,"relatedLinks":[],"title":"King's Business School students take on the role of the world's financial regulators in a first-of-its-kind debate","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-03-06T11:30:43.9229656Z","versionNo":"6.0","modified":"2024-03-18T13:42:35.6983953Z","modifiedBy":"k1075632","published":"2024-03-18T13:42:44.3609168Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"81f35285-15c0-4558-8d15-a6b8be11c1be","projectId":"website","slug":"kings-business-school-students-take-on-the-role-of-the-worlds-financial-regulators-in-a-first-of-its-kind-debate","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Gulcin Ozkan","entryDescription":"Professor of Finance","entryThumbnail":null,"sys":{"id":"faed45bc-7789-4934-b1cb-08099e5b0fda","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Luca Taschini","entryDescription":"Senior Research Consultant, Climate Finance","entryThumbnail":null,"sys":{"id":"d8749cf4-8a60-45be-83a8-642effa5965c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EStudent teams from King’s College London argued from the perspectives of key global financial institutions in a first-of-its kind debate. Organised by \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fdavid-aikman\"\u003EProfessor David Aikman\u003C\u002Fa\u003E, Director of the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\"\u003EKing’s Business School\u003C\u002Fa\u003E, and \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fvioleta-fern%C3%A1ndez-di%C3%A9guez-8b3369228\u002F?originalSubdomain=be\"\u003EVioleta Fernández Diéguez\u003C\u002Fa\u003E, Political Economy alumna, the ‘Great Debate’ was designed to test students’ skills and help them to join the dots between monetary policy and financing the green transition.\u003C\u002Fp\u003E\n\u003Cp\u003EThe event followed a ‘model UN’ format, with members of student societies representing the US Federal Reserve, the International Monetary Fund, the Bank of England, Private Equity and a Sovereign Wealth Fund.\u003C\u002Fp\u003E\n\u003Cp\u003EA panel of expert judges from major financial institutions awarded three prizes; to a Winning Team, Runner-up Team and Best Individual Presenter. The audience voted on a fourth prize, awarded to an individual for their presenting skills.\u003C\u002Fp\u003E\n\u003Cp\u003EThe \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fthe-great-debate-the-role-of-central-banks-in-the-green-transition\"\u003E'Great Debate'\u003C\u002Fa\u003E was designed to allow students to understand the different institutions’ perspectives and macroeconomic realities, as well as the complex relationships between the institutions represented and their collective impact on the economy.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"Fantastic event with an impressive group of students and a lively debate on this important issue!","source":"Theresa Löber- Head of Climate Project Team at Bank of England"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"Theresa Löber questioning the students on the main challenges the UK is facing in regard to the green transition.","asset":{"entryTitle":"kbsevent_2024-02-29_0375","entryDescription":null,"sys":{"id":"ee6ee9bf-53bc-4bb0-8cb7-a521aaa5abed","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fkbsevent-2024-02-29-0375.xe76ca143.jpg"}}}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EKey topics addressed by the students and panel included the integration of climate considerations into monetary policy frameworks, the development of green finance initiatives, and the potential impact of central bank actions on mitigating climate-related risks to the economy.\u003C\u002Fp\u003E\n\u003Cp\u003ECentral banks, traditionally tasked with managing monetary policy and ensuring financial stability, are increasingly being called upon to address the challenges posed by climate change. They wield significant influence in shaping the trajectory of environmental sustainability and the debate helped contextualize pressing climate risks within the framework of students' academic degrees.\u003C\u002Fp\u003E\n\u003Cp\u003EThe judging panel included:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Ftheresa-l%C3%B6ber-685672123\u002F?originalSubdomain=uk\"\u003ETheresa Lober\u003C\u002Fa\u003E (Head of Climate Project Team at Bank of England)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fgulcin-ozkan\"\u003EProfessor Gulcin Ozkan\u003C\u002Fa\u003E (Professor of Finance, King's Business School)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fluca-taschini\"\u003EProfessor Luca Taschini\u003C\u002Fa\u003E (Chair of Climate Change Finance, University of Edinburgh)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fvioleta-fern%C3%A1ndez-di%C3%A9guez-8b3369228\u002F\"\u003EVioleta Fernández\u003C\u002Fa\u003E (Cabinet Member of Member of European Parliament, Eva Poptcheva)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fdavid-carlin7\u002F\"\u003EDavid Carlin\u003C\u002Fa\u003E - (Head of Climate Risk, United Nations Environment Programme Finance Initiative)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"Private Equity team – Economics and Finance Society ","asset":{"entryTitle":"kbsevent_2024-02-29_0441","entryDescription":null,"sys":{"id":"f002d725-298b-4cbf-871e-86f949117eb7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fkbsevent-2024-02-29-0441.x401a4335.jpg"}}}},{"type":"quote","value":{"text":"Being questioned by experts on the panel was challenging yet rewarding, as it pushed me to articulate my views coherently while also accurately defending my institution's position. Consequently, the experience allowed me to gain a firsthand understanding of the intricate relationship between political and financial actors, and their influence on shaping societal landscapes. ","source":"Arshia Mehra- awarded Audience Best Speaker"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003E\u003Cu\u003ETeam Representatives\u003C\u002Fu\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EInternational Monetary Fund\u003Cstrong\u003E (Overall Winner) \u003C\u002Fstrong\u003E– Team X\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003ESalim Duman, Andrea Baschiera, Tasneem Ismail, Alisher Akhmadjonov\u003C\u002Fstrong\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe Bank of England\u003Cstrong\u003E (Runner up team)\u003C\u002Fstrong\u003E – King’s Entrepreneurship Society\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003EDev Deepak, Soumil Goteti, Lucia Fogarin, Jacob Lapienis\u003C\u002Fstrong\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe US Federal Reserve – King’s Business Club\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003ENishorgo Mostofa (Judge Best Speaker), \u003C\u002Fstrong\u003EBinamra Gurung,\u003Cstrong\u003E \u003C\u002Fstrong\u003EAdvait Joshi, Arjun Raman\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E Private Equity – Economics and Finance Society\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EAadi Gupta - Nikita Nanu -\u003Cstrong\u003E Arshia Mehra (Audience Best Speaker) -\u003C\u002Fstrong\u003E Alexander Kozlov\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003ESovereign Wealth – BAME In Green Transition\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELile Zhang Zhuo - Keng Seng Wong - Daksh Upadhyay - Aiden Wong\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"King's Business School students take on the role of the world's financial regulators in a first-of-its-kind debate"},{"summary":"Industry leaders discussed blockchain technology, decentralised finance (DeFi), central bank digital currencies (CBDCs), stablecoins, and the impact of digitalisation on traditional banking systems.","entryThumbnail":null,"image":{"altText":"Conference participants engaged in conversation during a break.","transformations":"w=780&h=520&crop=780,440,0,40","caption":"Panellists discussing stablecoins' development during one of the breaks.","asset":{"entryTitle":"Digital Money 3","entryDescription":null,"sys":{"id":"f47c62bd-cd5c-4321-9cb9-20391e8914a5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fdigital-money-3.xcd5b1048.jpg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-04-04T20:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Industry leaders discussed blockchain technology, decentralised finance (DeFi), central bank digital currencies (CBDCs), stablecoins, and the impact of digitalisation on traditional banking systems.","relatedEvent":null,"relatedLinks":[],"title":"King's hosts its first Digital Money Symposium addressing the future of finance","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-04-04T08:42:23.768388Z","versionNo":"2.0","modified":"2024-04-09T11:50:41.4975045Z","modifiedBy":"k2364112","published":"2024-04-09T11:50:49.6560634Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3383a09b-5ad8-472a-9444-68f60fa702ea","projectId":"website","slug":"kings-hosts-its-first-digital-money-symposium-addressing-the-future-of-finance","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EOrganised by \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Frhys-michael-bidder\"\u003EDr Rhys Bidder\u003C\u002Fa\u003E, Deputy Director of the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\"\u003EKing’s Business School\u003C\u002Fa\u003E, the ‘Digital Money Symposium’ was designed to explore the latest trends that are shaping the future of finance and which may pave the way for a more inclusive and efficient financial ecosystem.\u003C\u002Fp\u003E\n\u003Cp\u003EWith a focus on cutting-edge technologies such as blockchain, decentralised finance (DeFi), central bank digital currencies (CBDCs), private moneys, and the transformative impact of digitalisation on traditional banking systems, the symposium offered insights into the evolving landscape of finance.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"We shouldn’t try to solve tomorrow's problems with today's technologies.","source":null}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"Conference participants engaged in conversation.","asset":{"entryTitle":"Digital money 1","entryDescription":null,"sys":{"id":"b0d57dac-0a89-4fc7-90ac-19b0fa5acdac","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fdigital-money-1.x886f5dd7.jpg"}}}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe symposium featured distinguished speakers from various central banks worldwide, regulators, industry leaders, and analysts. Attendees had the opportunity to gain valuable perspectives from experts at the forefront of digital finance.\u003C\u002Fp\u003E\n\u003Cp\u003EParticipants engaged in insightful conversations addressing a wide range of topics, including the future of digital currencies, the implications of stablecoins on humanitarian relief efforts, and the need for innovative approaches to problem-solving in finance. Notably, one speaker emphasised the importance of leveraging forward-thinking technologies to address future challenges, highlighting the necessity for continuous innovation.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Digital money 2","entryDescription":null,"sys":{"id":"a17fbde7-e014-42bb-b09c-1caa20bf9368","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fdigital-money-2.x41444656.jpg"}}}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EView the agenda for the symposium, including speaker details’ online at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fdigital-money-symposium\"\u003EDigital Money Symposium\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EThe event served as a catalyst for innovation and collaboration, reaffirming the critical role of digital currencies in shaping the future of finance.\u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Full width","title":"Working Papers Series","content":"\u003Cp\u003EGemayel. R (2024),\u003Ca href=\"https:\u002F\u002Fwww.sciencedirect.com\u002Fscience\u002Farticle\u002Fabs\u002Fpii\u002FS1042443123001750\"\u003E Herding in the cryptocurrency market: A transaction-level analysis\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2024\u002F1\u003C\u002Fp\u003E\n\u003Cp\u003EBidder. R (2022), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fwholesale-central-bank-digital-currency-a-survey-and-analysis-of-central-bank-pilot-exercises.pdf\"\u003EWholesale Central Bank Digital Currency: A survey and analysis of central bank pilot exercises\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2022\u002F2\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"King's hosts its first Digital Money Symposium addressing the future of finance"},{"summary":"Experts comment on the recent Bernanke Review into the Bank of England’s forecast process, highlighting five themes and offering recommendations","entryThumbnail":null,"image":{"altText":"BoE front","transformations":null,"caption":"","asset":{"entryTitle":"BoE front","entryDescription":null,"sys":{"id":"0b880eaf-b734-41e2-9ba6-69b1bbc4040a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcgbf\u002Fboe-front.x2f98ff10.png"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-04-22T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Experts comment on the recent Bernanke Review into the Bank of England’s forecast process, highlighting five themes and offering recommendations","relatedEvent":null,"relatedLinks":[],"title":"Leading economists make recommendations to improve the UK's inflation forecasting","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1811792","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-04-11T10:54:06.4470966Z","versionNo":"3.0","modified":"2024-04-25T08:16:26.0008059Z","modifiedBy":"k1811792","published":"2024-04-25T08:16:35.7244416Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"19569768-a9c0-4a44-8f32-a79b5f0aadb0","projectId":"website","slug":"a-new-e-book-collects-leading-economists-reactions-to-the-bernanke-review","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EOn Friday 12 April 2024, Dr Ben Bernanke, Nobel Laureate and former Chair of the Federal Reserve Board, published his landmark review into \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.bankofengland.co.uk%2Findependent-evaluation-office%2Fforecasting-for-monetary-policy-making-and-communication-at-the-bank-of-england-a-review%2Fforecasting-for-monetary-policy-making-and-communication-at-the-bank-of-england-a-review%23%3A~%3Atext%3DIn%2520July%25202023%2520the%2520Court%2Cduring%2520times%2520of%2520significant%2520uncertainty.&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938419568%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=7R1BJYInHW7mmP6YEKMmSqck0IuPCUa0CGqSt4SXE6c%3D&reserved=0\"\u003E“Forecasting for monetary policy making and communication at the Bank of England”\u003C\u002Fa\u003E. The Bernanke Review, as it has become known, was billed by Governor Andrew Bailey as a “once in a lifetime” opportunity to revise and update the UK's monetary policy framework, addressing the forecasting failures that led the Bank to underestimate the surge in inflationary pressure in the UK.\u003C\u002Fp\u003E\n\u003Cp\u003EA new e-book edited by \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fpeople%2Fdavid-aikman&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938432084%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=NAdog%2FBW6pgq%2F%2F3oy9b%2FTyjtRq79G%2FqjpkZxLZAiUC8%3D&reserved=0\"\u003EProfessor David Aikman\u003C\u002Fa\u003E, Director of the \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fresearch%2Fqatar-centre-global-banking-finance&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938440139%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=PZRF1YyfqNpsStitQ4x5TfwfH2corMN000oBTUzs4hw%3D&reserved=0\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fbusiness&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938446858%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=HUAMVNUyOinzCHKLjxlpDV1anAqhLKmuzlef%2BHQY1Q4%3D&reserved=0\"\u003EKing’s Business School\u003C\u002Fa\u003E, and \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fmacroprudentialmatters.com%2Fauthor%2Frichard-barwell%2F&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938453017%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=cDYNB8UErJeDRPFe31IpqIiUDqtApusiYC7lmHSLvJg%3D&reserved=0\"\u003EDr Richard Barwell\u003C\u002Fa\u003E, Head of Macro Research at BNP Paribas Asset Management, collects reactions to the Bernanke Review from leading figures in the UK macroeconomic community. The contributors to this book include both academics and economists working in financial markets and business; many are former MPC members or former Bank staff economists with experience in the forecast and model development process.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"The Bernanke Report is a landmark review of the Bank of England’s forecasting process. This book compiles reactions to the Report from a large number of prominent macroeconomists in the UK. We hope the Bank finds the advice it contains helpful as it contemplates how to take Bernanke’s recommendations forward.","source":"Professor David Aikman"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EFive themes in this compendium\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThere are five themes that run through this compendium. First are the feelings of surprise and regret to learn of the “serious deficiencies” in the forecast infrastructure highlighted in the Bernanke Report. Second is the qualified support for Bernanke’s recommendation to place more emphasis on scenarios. Third, are the mixed feelings around the demise of the fan chart at the expense of scenarios. Fourth, is the broad support for the principle of a staff forecast, which several contributors argue can resolve inherent tensions in the current process. And fifth is the sense of regret expressed by some that the Bernanke Review did not make a formal recommendation concerning publishing MPC-preferred rate paths.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"Bernanke’s suggestions will only be noticed by a tiny fraction of the British population who actually read the Bank’s publications. It is a pity that the benefits of what Dr Bernanke recommends will only be experienced by this tiny cult rather than the broader population that we need to win back.","source":"Dr Sushil Wadhwani, CBE"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe issues will be covered in more detail at the annual \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fbank-of-england-watchers-conference-2023\"\u003EBank of England Watchers' Conference\u003C\u002Fa\u003E, to be held in London in late November, where there will be a session dedicated to the Review and how to take forward Dr Bernanke’s recommendations. \u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Full width","title":"Read the full e-book","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-bernanke-review-into-the-bank-of-england's-forecast-process-responses-from-bank-of-england-watchers.pdf\" target=\"_blank\" rel=\"noopener\"\u003E'The Bernanke Review into the Bank of England’s forecast process: Responses from Bank of England watchers' \u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E(opens in new page)\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Leading economists make recommendations to improve the UK's inflation forecasting"},{"summary":"Congratulations to the finalists of the 2024 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"image":{"altText":"YOUNG ECONOMIST PRIZE 2024","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"YOUNG ECONOMIST PRIZE 2024","entryDescription":null,"sys":{"id":"a7c41d26-1dac-46c5-8acf-4613f5b21744","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcgbf\u002Fyoung-economist-prize-2024.x5e26941b.jpg?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-06-18T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Congratulations to the finalists of the 2024 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","relatedEvent":null,"relatedLinks":[],"title":"Young Economist Prize Competition 2024","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-06-18T10:59:33.5217051Z","versionNo":"3.0","modified":"2024-06-18T12:09:45.359697Z","modifiedBy":"k2364112","published":"2024-06-18T12:10:14.3099106Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6f92312b-67f6-4d3c-a260-0030eb35e09b","projectId":"website","slug":"young-economist-prize-competition-2024","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Stephen G Cecchetti","entryDescription":"Senior Research Consultant, Qatar Centre for Global Banking and Finance","entryThumbnail":null,"sys":{"id":"a21e4d0a-81af-4f94-a213-b587551e3bfc","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fresearch%2Fqatar-centre-global-banking-finance&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938440139%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=PZRF1YyfqNpsStitQ4x5TfwfH2corMN000oBTUzs4hw%3D&reserved=0\"\u003EQatar\u003C\u002Fa\u003E\u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fresearch%2Fqatar-centre-global-banking-finance&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938440139%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=PZRF1YyfqNpsStitQ4x5TfwfH2corMN000oBTUzs4hw%3D&reserved=0\"\u003E Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fbusiness&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938446858%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=HUAMVNUyOinzCHKLjxlpDV1anAqhLKmuzlef%2BHQY1Q4%3D&reserved=0\"\u003EKing’s Business School\u003C\u002Fa\u003E, is awarding its fourth Young Economist Prize as part of its forthcoming annual conference on July 1st-2nd 2024 at King’s College London.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Young Economist Prize is an annual competition run by the Qatar Centre for Global Banking and Finance at King's Business School. It is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). The winning paper will be awarded a £5,000 prize\u003C\u002Fp\u003E\n\u003Cp\u003EThe Young Economist prize will be awarded to the best paper submitted on topics of relevance to central banks. Submissions were encouraged from students who are currently on the job market or expect to be so in 2024\u002F25. The submissions are single-authored.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=ziq3oKSFV_A"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003E2024 Finalists:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EJinglun Yao, London Business School, \u003Cem\u003EKnowledge is (Market) Power\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003Cli\u003ENicolo Gnocato, Bocconi University, \u003Cem\u003EEnergy Price Shocks, Unemployment,and Monetary Policy\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003Cli\u003EAnna Helmke, Vanderbilt University, \u003Cem\u003EWill ETFs Drive Mutual Funds Extinct?\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003Cli\u003EPaolo Varraso, New York University,\u003Cem\u003E Banks and the Macroeconomic Transmission of Interest-Rate Risk\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFind out more about the \u003Ca href=\"https:\u002F\u002Fwww.qcgbfconference.org\u002F\"\u003EQatar Centre for Global Banking & Finance Annual Conference. \u003C\u002Fa\u003E(opens in new page)\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fyoung-economist-prize-competition\"\u003E2021 Young Economist Prize Finalists\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fyoung-economist-prize-competition-2022-winners\"\u003E2022 Young Economist Prize Finalists\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.qcgbfconference.org\u002Fabout\u002Fyoung-economist-prize\u002F\"\u003E2023 Young Economist Prize Finalists\u003C\u002Fa\u003E\u003C\u002Fp\u003E"},{"type":"markup","value":null}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Young Economist Prize Competition 2024"},{"summary":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","entryThumbnail":null,"image":{"altText":"solar panels in a field","transformations":"w=783&h=440&crop=780,440,2,0","caption":"Photo by Anders J at Unsplash","asset":{"entryTitle":"anders-j- solar panels -unsplash","entryDescription":null,"sys":{"id":"1ec95f70-ff67-4fc5-b9f2-3118e72d6950","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fanders-j-solar-panels-unsplash.x50463902.jpg?w=783&h=440&crop=780,440,2,0"}}},"regions":[],"topics":[{"entryTitle":"Affordable & clean energy (SDG 7)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3ff805db-8d19-4532-82b2-ad731350fd4b","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"banking-finance","entryThumbnail":null,"sys":{"id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Sustainable Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0d59b3cf-9fd9-4332-804e-fdaf6d339943","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-07-22T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","relatedEvent":null,"relatedLinks":[],"title":"A climate finance policy playbook for the new UK government","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-07-19T15:28:53.4151151Z","versionNo":"2.0","modified":"2024-07-22T12:02:48.7492978Z","modifiedBy":"k1808181","published":"2024-07-22T12:03:03.338541Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8aec225f-18af-41d1-91ac-9cfae5dca7ed","projectId":"website","slug":"a-climate-finance-policy-playbook-for-the-new-uk-government","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jonatan Pinkse","entryDescription":"Research Director, Centre for Sustainable Business ","entryThumbnail":null,"sys":{"id":"301ac28c-4719-4e75-a8d1-066f7deb7ea2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Joseph Noss","entryDescription":"Visiting Fellow, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"0b1e1833-ff74-4889-b432-f2aea45e2fb3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Sarah Bracking","entryDescription":"Professor of Climate and Society","entryThumbnail":null,"sys":{"id":"4d4f2e66-1516-4534-84a4-7e376688d1eb","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Emily Farrimond","entryDescription":"Executive Fellow, King's Business School","entryThumbnail":null,"sys":{"id":"5820ae47-7eda-44d1-94d2-41be01aa43b2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EResearchers at King’s Business School and the University of Edinburgh have compiled the individual views of nearly forty thought-leaders on the policies that the new government should prioritise in its first six months to address climate change and transform the UK into a net zero finance hub.\u003C\u002Fp\u003E\n\u003Cp\u003EThe book includes contributions from Bankers for Net Zero, the World Benchmarking Alliance, the Global Systems Institute, the Climate Bonds Initiative, Chapter Zero, the GARP Risk Institute and PWC as well as several leading universities and contains 25 specific, actionable recommendations. These range from providing stronger market incentives for green finance, to measures focussing on the built environment and power infrastructure.\u003C\u002Fp\u003E\n\u003Cp\u003EThe recommendations include:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EEstablishing an Office of Sustainability Planning to develop richer and more realistic climate risk scenarios that might materialise over a 5 to10 year horizon\u003C\u002Fli\u003E\n\u003Cli\u003EHigher rates of capital gains tax for high-carbon emitters and polluters\u003C\u002Fli\u003E\n\u003Cli\u003EMandating environmental considerations within the AI regulatory framework announced in the King’s Speech\u003C\u002Fli\u003E\n\u003Cli\u003EEncouraging green emerging market listings in London through streamlined listing processes and improved tax treatment\u003C\u002Fli\u003E\n\u003Cli\u003EIssuing the first developed market sustainability-linked sovereign bond and the first dedicated adaptation sovereign bond, and the expansion of the Green Gilt programme\u003C\u002Fli\u003E\n\u003Cli\u003EProviding capital and guarantees through UK Export Finance to help British innovators find markets for decarbonising and climate-adaptation technologies\u003C\u002Fli\u003E\n\u003Cli\u003EAligning UK insolvency laws with net zero objectives to catalyse innovation in carbon-efficient projects.\u003C\u002Fli\u003E\n\u003Cli\u003ESimplified planning and approval processes for green energy infrastructure and green gigafactories\u003C\u002Fli\u003E\n\u003Cli\u003EIncreasing the carbon price to support the transition to a low carbon economy, and investing the revenues strategically in the power grid and to ensure energy price stability\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"quote","value":{"text":"This book seeks to spur action on the UK’s sustainable finance priorities by serving as a resource and inspiration for the nation’s policymakers at this critical moment. It intends to spark dialogues and actions to deliver a competitive, thriving, net-zero Britain.","source":"David Carlin, Founder of Cambium Global Solutions & Visiting Research Fellow, King’s Business School"}},{"type":"quote","value":{"text":"We’ve pulled together a range of expert and diverse voices from the UK’s climate finance thought-leaders. While the suggestions vary, what they all have in common is a bias towards immediate action. These are all practical suggestions that the government could start work on tomorrow.","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, King’s Business School"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe e-book was edited by David Carlin, Founder of Cambium Global Solutions & Visiting Research Fellow, King’s Business School; Professor David Aikman and Dr Marc Lepere of King’s Business School; and Luca Taschini, University of Edinburgh Business School.\u003C\u002Fp\u003E\n\u003Cp\u003ESeveral King’s researchers and Fellows also contributed essays, including Professor Jonatan Pinkse, Joseph Noss, Professor Raúl C. Rosales, Professor Sarah Bracking and Emily Farrimond.\u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Left","title":"Accelerating Transition: Climate Finance Policies To Prioritise In The First 100 Days","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fresearch-papers\u002Faccelerating-transition.pdf\"\u003EDownload the e-book\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"A climate finance policy playbook for the new UK government"},{"summary":"This blog finds that there is little, if any, correlation between firms’ exposure to climate transition and their emissions.","entryThumbnail":null,"image":{"altText":"Climate Change","transformations":"w=780&h=780&crop=780,440,0,170","caption":"","asset":{"entryTitle":"Climate Change","entryDescription":null,"sys":{"id":"42aed806-b4b5-4ff2-9aab-a2da4fd6fcb7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fclimate-change.x7d087279.jpg?w=780&h=780&crop=780,440,0,170"}}},"regions":[],"topics":[{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-07-31T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"This blog finds that there is little, if any, correlation between firms’ exposure to climate transition and their emissions.","relatedEvent":null,"relatedLinks":[],"title":"Green gains and growing pains: a new measure of firms' exposure to climate transition","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2365585","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-07-31T09:58:31.9433485Z","versionNo":"3.0","modified":"2024-08-23T14:58:39.9094746Z","modifiedBy":"k2040077","published":"2024-08-23T15:00:12.3194908Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"95109dc2-5f69-4425-94fb-ac9ce87c27a3","projectId":"website","slug":"green-gains-and-growing-pains-a-new-measure-of-firms-exposure-to-climate-transition","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":"Joseph Noss, Visiting Fellow at the Qatar Centre for Global Banking and Finance, Carlos Lastra and Zining Yuan","articleContent":[{"type":"markup","value":"\u003Cp\u003E\u003Cem\u003EWe introduce a new dataset to investigate firms’ exposure to climate transition – that is, the degree to which their value will change in a scenario where global temperature increases remain well-below two degrees centigrade. Firms’ exposure to climate transition varies by sector and geography. This reflects both differences in industrial processes, as well as the strength of industry and policymaker commitments to net-zero transition in different countries.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EWe find there is little, if any, correlation between firms’ exposure to climate transition and their emissions. This may mean that investors that use firms’ emissions as a proxy for the degree to which their value will change under a possible future reduction in emissions, may be misestimating their exposure to the opportunities and risks associated with net-zero transition. \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe effects of climate change on the global economy are becoming more proximate. There is growing recognition that the vast majority countries, economies and firms are likely to be affected by climate transition – that is, a possible transition to lower emissions. Climate transition may yield both winners and losers: that is, both firms that profit and those that lose due to global efforts to reduce emissions.\u003C\u002Fp\u003E\n\u003Cp\u003EThis article introduces and explores a new data set. This consists of estimates of firms’ exposures to climate transition – that is, the degree to which their value will change under a well-below two degrees scenario.\u003C\u002Fp\u003E\n\u003Cp\u003EWe find that firms’ exposure to climate transition vary by sector, with firms in the energy sector – particularly those involved in the generation of non-renewable energy – estimated to decrease in value under transition. In contrast, firms engaged in renewable energy generation look set to increase in value. Fewer firms are estimated to fall in value due to climate transition in Europe compared to the North America and Asia; this may reflect differences in the perceived strength of policymakers’ commitment to climate transition across these geographies.\u003C\u002Fp\u003E\n\u003Cp\u003EIn aggregate there is little, if any, correlation between firms’ exposure to climate transition and their emissions. In particular, some firms are high emitting, yet stand to gain from transition to lower emissions, and vice versa. Investors and policymakers that use firms’ emissions as a proxy for how their value might change under climate transition may therefore be misestimating their exposure to financial opportunities and risks associated with climate transition.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EData on firms’ exposures to climate transition\u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EOur data consist of estimates of the degree to which firms’ enterprise value will change under a well-below two degrees scenario for global warming, versus that implied by the market value of their equity and debt today. As such, it can be thought of as an estimate of the degree to which the value of firms would change were market participants – in particular, firms’ investors – to align around a scenario of well-below two degrees of global warming. Data are available for around 3000 firms internationally, including for the constituents of major international equity indices.\u003Ca href=\"#_ftn1\" name=\"_ftnref1\"\u003E\u003Csup\u003E[1]\u003C\u002Fsup\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ECrucially, the estimates embodied in the data are \u003Cu\u003Enot\u003C\u002Fu\u003E based on firms’ emissions. Instead, they consider how broader changes in consumer preferences, technology and regulation are likely to impact demand for – as well as the cost and price of – firms’ products and services under climate transition. They therefore capture the degree to which some firms might \u003Cem\u003Ebenefit\u003C\u002Fem\u003E from transition to lower emissions, including those that are higher emitting. In doing so, they account for the degree to which some industries – e.g., those that drive innovation in hard-to-abate sectors – may increase in profitability, even if they have high emissions.\u003C\u002Fp\u003E\n\u003Cp\u003EThe average exposure of firms to climate transition – and the degree of dispersion around this – varies considerably across sectors (\u003Cstrong\u003EChart 1\u003C\u002Fstrong\u003E). The average exposure of firms in most sectors is negative, if generally close to zero; in other words, the average firm in most sectors is expected to decrease slightly in value as a result of transition. This reflects the aggregate capital investment required to maintain firms’ profitability under net-zero transition. The average of exposure of firms in the energy sector is around -30%. One exception is the utilities sector, which includes firms engaged in renewable energy production, and where the average exposure is positive (i.e., these firms stand to gain from transition). There is considerable dispersion in the industrials sector, which reflects differences in firms’ industrial processes and ambition of their net zero targets.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EChart 1: The average level and dispersion of firms’ exposure to climate transition, by sector\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"chart1-green","transformations":null,"caption":"1. Box and whisker plots show the minimum \u002F maximum, 25 \u002F 75th percentile and median exposure to climate transition for each sector","asset":{"entryTitle":"chart1-green","entryDescription":null,"sys":{"id":"1b28468e-4d33-49ba-af9a-8b9dfcfe0118","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart1-green.xec566225.png"}}}},{"type":"markup","value":"\u003Cp\u003EThere is also some variation in firms’ exposure to transition across countries. \u003Cstrong\u003EChart 2 \u003C\u002Fstrong\u003Eshows the percentage of firms across a range of geographies that have positive and negative transition exposure. Dots on the chart show the ratio of firms with negative exposure to those with positive exposure, which higher in North America and West Asia than in other geographies. This might reflect the relative strength of policymakers’ commitments to climate transition across these geographies. All-else-equal, a stronger (actual or perceived) commitment to climate transition in Europe might prompt a greater shift by firms to business models that are more likely to profit as a result of climate transition.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EA comparison of firms’ climate transition exposure and their emissions\u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EPerhaps counterintuitively, there is little overall correlation between firms' exposure to climate transition and their emissions (\u003Cstrong\u003EChart 3)\u003C\u002Fstrong\u003E. Some firms are high emitting but have positive climate transition exposure. These include firms that are engaged in the extraction and manufacture of products and technologies that are likely to play a critical role in the transition to a lower carbon economy, even if their operations are themselves high emitting. One example, is the firm KGHM, which extracts and processes copper. Whilst this activity is relatively emissions intensive, the value of the firm may increase under transition as demand for copper – which is likely to play a key role in expanding and reconfiguring electricity grids – increases.\u003C\u002Fp\u003E\n\u003Cp\u003EConversely, some firms are lower emitting but have negative transition exposure. Such firms include, for example, BW Offshore, which supplies services to oil and gas companies. While such firms are not, in themselves, high emitting, they nonetheless stand to lose a result of net-zero transition\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ctable style=\"width: 766px;\" width=\"638\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 751.875px;\" width=\"638\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EChart 2:  Proportion of firms with positive \u002F negative exposure to climate transition, and ratio of firms with negative exposure to those with positive exposure, by geography\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"image","value":{"altText":"chart2-green","transformations":null,"caption":"","asset":{"entryTitle":"chart2-green","entryDescription":null,"sys":{"id":"9a78644b-e9e0-4977-ba33-8201250e9268","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart2-green.x5b1f37fd.png"}}}},{"type":"markup","value":"\u003Ctable style=\"width: 766px;\" width=\"638\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 751.875px;\" width=\"638\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EChart 3: Firms’ exposure to climate transition versus their (scope 1 & 2) emissions\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"image","value":{"altText":"chart3-green","transformations":null,"caption":"","asset":{"entryTitle":"chart3-green","entryDescription":null,"sys":{"id":"fa2cd5b1-54d0-4889-81a5-ba63161f62a7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart3-green.xf6bc694c.png"}}}},{"type":"markup","value":"\u003Cp\u003EThis lack of correlation between firms’ transition exposure and emissions has implications for both investors and policymakers. Investors that take firms’ emissions as a proxy for their exposure to climate transition risk (or lack of emissions as a proxy for climate transition opportunity) might be substantially misestimating their exposure to such risks and opportunities. Similarly, policymakers that attempt to channel capital into firms that are currently lower emitting – or even those that have transition plans to lower their emissions in the near future – might be acting counterproductively. Some firms that are higher emitting and stand to gain from transition might also be enabling transition in the wider global economy. For example, firms engaged in the extraction and refinement of minerals used in lower emitting technology may be playing an important role in allowing other households and businesses to lower their emissions. \u003C\u002Fp\u003E\n\u003Cp\u003EReducing the flow of funding to such firms might therefore present net-zero transition in the wider economy.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EConclusion\u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIn this article we have introduced a new and novel source of data on firms’ exposure to climate transition. Our – albeit preliminary analysis – reveals some differences in firms’ exposure to transition across sectors and geographies. There is little overall correlation between firms’ transition exposure and their emissions.\u003C\u002Fp\u003E\n\u003Cp\u003EWe plan to use this analysis and results to examine how firms’ exposure to climate transition influences their corporate behaviour, including how they select the nature of their business, conduct their operations, incentivise their employees and attempt influence government policy.\u003C\u002Fp\u003E\n\u003Cp\u003EThe results of this analysis will be published in a series of forthcoming articles.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EFootnotes: \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[1] These data, which are produced by WTW, are termed ‘climate transition value-at-risk’. They consist of estimates of the percentage change in firms’ enterprise value that would occur were their investors to align in a belief that the world will experience a global increase in temperatures of below two degrees. Though the data are termed ‘value-at-risk’, they are point estimates of firms’ future appreciation \u002F depreciation; as such, they have little in common with more established value-at-risk models. For further information on the data and their estimation see Noss (2022), ‘Seeing through the smog: towards a better measure of climate transition risk’.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E[2] Scope 1 and 2 emissions are those emissions emanating to firms’ activities and their electricity supply \u002F generation. Scope 3 emissions – which are those emanating from firms’ broader supply chains – are not included here as comparable data on scope 3 emissions is not available for many firms.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Green gains and growing pains: a new measure of firms' exposure to climate transition"},{"summary":"With the global Muslim population exceeding 1.8 billion, and increased demand for investment opportunities aligned with religious principles and community ethics and values, the global Islamic finance market is set to amount to 6.67 trillion U.S. dollars by 2027. Yet the substantial opportunity that this represents in the cryptocurrency space is still largely unexplored. ","entryThumbnail":null,"image":{"altText":"'virtual' chains formed from binary code","transformations":"crop=780,440,0,73","caption":"","asset":{"entryTitle":"Blockchain news image 780px","entryDescription":null,"sys":{"id":"b99d5acc-2fab-43ed-bc3f-f25dc2249125","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fcsss\u002Fwebsite-images\u002Fblockchain-news-image-780px.x42869f53.jpg?crop=780,440,0,73"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-09-02T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"With the global Muslim population exceeding 1.8 billion, and increased demand for investment opportunities aligned with religious principles and community ethics and values, the global Islamic finance market is set to amount to 6.67 trillion U.S. dollars by 2027. Yet the substantial opportunity that this represents in the cryptocurrency space is still largely unexplored. ","relatedEvent":null,"relatedLinks":[],"title":"COMMENT: Halal Crypto: could blockchain be a boost for Shariah-compliant finance?","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-08-30T14:21:43.2147801Z","versionNo":"2.0","modified":"2024-09-19T12:45:36.9864228Z","modifiedBy":"k1808181","published":"2024-09-19T12:45:39.361448Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8fdd6b2d-3b31-4e29-8563-e193516ca771","projectId":"website","slug":"halal-crypto-could-blockchain-be-a-boost-for-shariah-compliant-finance","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":"Hamza Redzuan, Research Analyst, Qatar Centre for Global Banking and Finance ","articleContent":[{"type":"markup","value":"\u003Cp\u003EWhile many traditional finance products are considered haram (non-permissible) to Muslims, a range of financial products enable Muslims to invest in accordance with Shariah (Islamic religious principles). These products take into account key principles such as the prohibition of exploitative actions, the promotion of honesty, and zakat, the requirement to give to charity.\u003C\u002Fp\u003E\n\u003Cp\u003EPerhaps the best-known example of an Islamic financial product is sukuk, a financial certificate similar to a bond in Western finance. The traditional Western interest-paying bond structure with pre-determined payments, however, is not permissible in Islamic finance; the bond payments are considered to be riba (excessive gain – a form of exploitation) as the bond-holder avoids direct exposure to enterprise risk. Instead, sukuks are structured so that both the lender and borrower share the enterprise’s profits and losses, which means that investors can gain higher yields if the underlying asset appreciates, whereas conventional bondholders only receive returns based on the security’s original value.\u003C\u002Fp\u003E\n\u003Cp\u003ESome cryptocurrencies are considered to be Shariah-compliant, but crypto has generally elicited mixed views in the Islamic world. Some scholars rule that investing in crypto is halal as long as the underlying project is halal, while others consider the whole category to be haram, as crypto characteristics, such as valuation based on market fluctuation and its use in gambling, are considered un-Islamic. For example, Indonesia's National Ulema Council prohibits crypto due to the “uncertainty, wagering and harm” surrounding it, issuing a fatwa (formal ruling or interpretation on a point of Islamic law given by a qualified legal scholar) in October 2021.\u003C\u002Fp\u003E\n\u003Cp\u003EHelloGold (a gold-backed cryptocurrency originating in Malaysia) and Islamic Coin (an ethics-focused cryptocurrency) which operates on the HAQQ blockchain are examples of innovations aimed at addressing the concerns that some Islamic scholars have with cryptocurrencies generally.\u003C\u002Fp\u003E\n\u003Cp\u003EIslamic Coin was privately financed by blockchain and fintech entrepreneurs to create an ethical and sharia-compliant financial service, while the HAQQ blockchain itself has been integrated with leading private and government-affiliated services in the UAE. Furthermore, establishing a Sharia board comprising five of the region’s top experts and 40 banks, including well-known institutions like Standard Chartered, Abu Dhabi Islamic Bank, and Dubai Islamic Bank enables Islamic Coin to accurately assess project compliance with Islamic principles.\u003C\u002Fp\u003E\n\u003Cp\u003EAs blockchain technology is distinct from cryptocurrencies, it has a much wider potential application in the halal investment space. Sukuk can be tokenized and considered Sharia-compliant as being recorded on the blockchain is equated to greater transparency, helping buyers to assess issuer credibility and make informed investment choices. Furthermore, blockchain-based assets benefit from higher security as all transactions, profits and real-time information are communicated to investors.\u003C\u002Fp\u003E\n\u003Cp\u003EPreviously, the development of Sharia-compliant bonds, achieved through structures such as risk-sharing for lenders and linking Sukuk repayment to underlying asset performance, has enabled Muslim investors to participate in this asset class. For tokenized bonds, there are various modifications potential workarounds that can be implemented for the same purpose:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EEmphasising Zakat principles such as on the HAQQ blockchain network where the fact that 10% of new coins go to Evergreen DAO for Islamic charity helps to avoid interest and unethical projects.\u003C\u002Fli\u003E\n\u003Cli\u003EBacking tokenized bonds with halal assets (e.g. gold or real estate) and using secure, transparent blockchains with transactions recorded & verified by a network of nodes.\u003C\u002Fli\u003E\n\u003Cli\u003EAdhering to general ethical principles such as fairness, transparency and social responsibility ensures the tokens are not used for illegal or unethical activities, like money laundering. A team of experts in Islamic finance and blockchain must also be brought in to ensure compliance with Islamic law.\u003C\u002Fli\u003E\n\u003Cli\u003EThe transaction needs to be centred around promoting economic activity rather than making money out of money.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch2\u003E\u003Cstrong\u003ESmart contracts\u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EAs well as using blockchain to enable transparency and cryptography to safeguard individual transactions, ensuring that they are ethical and follow Sharia guidelines, Islamic Coin has made innovative use of smart contracts. Smart contracts are similar to regular contracts, but with terms established as code on the blockchain which cannot be changed. This increases transparency, security and trust and aligns with Islamic law’s emphasis on fulfilling contracts as mentioned in the Quran.\u003C\u002Fp\u003E\n\u003Cp\u003EFor example, Blossom Finance's Smart Sukuk links the cryptocurrency ecosystem with the real economy by using a contract-based Sukuk to invest in small and medium-sized enterprises (MSMEs) in Indonesia, increasing investment and financial inclusion. Smart contracts and blockchain could also enhance the performance of certain aspects such as zakat (charity), by introducing transparency, automation, and reducing time costs. \u003Ca href=\"https:\u002F\u002Fijazbaznas.com\u002Findex.php\u002Fjournal\u002Farticle\u002Fview\u002F260\"\u003ERaheb\u003C\u002Fa\u003E (2020) devised a funding model that integrates blockchain and smart contracts with zakat management, aiming to identify potential zakat payers thus improving overall zakat collection.\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003EThe future for ‘halal crypto’\u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003ESo what does the future hold for halal crypto?\u003C\u002Fp\u003E\n\u003Cp\u003EHalal crypto” is not limited to Muslim-majority countries, or indeed buyers (for example, \u003Ca href=\"https:\u002F\u002Fwww.arabianbusiness.com\u002Findustries\u002Fbanking-finance\u002Fislamic-coin-worlds-first-sharia-compliant-cryptocurrency-to-launch-in-may-co-founder-reveals\"\u003Eover half of the Islamic Coin’s private sales\u003C\u002Fa\u003E involved non-Muslim participants, presumably attracted by the product’s ethics) but globally it has yet to become a mainstream, fully financially regulated product. In many countries, financial regulators’ oversight of crypto assets of any kind is restricted to adherence to anti-money laundering requirements.\u003Cem\u003E \u003C\u002Fem\u003EBy contrast, in Malaysia, halal crypto is regulated by the Securities Commission (SC) and companies raising funds in this way must conduct an Initial Exchange Offering on an approved digital asset exchange platform. But while in more crypto-friendly regulatory regimes there is a precedent for making halal crypto a more mainstream, regulated asset class, there is still much work to be done to ensure investor confidence in their compliance with Islamic law.\u003C\u002Fp\u003E\n\u003Cp\u003EWe have seen that smart contracts and the blockchain can help digitised sukuk to align with Islamic values through contract fulfilment, transparency and fairness, but a council of scholars well-versed to develop Sharia-compliance guidelines for tokenized bonds would still be greatly beneficial. In the cryptocurrency space, the debate over whether such a product can be deemed halal continues.\u003C\u002Fp\u003E\n\u003Cp\u003EIn many countries – both Muslim and non-Muslim – the interaction of crypto with existing regulatory frameworks has been complicated and often controversial. Anti-money-laundering and investor protection laws alone make the spread of crypto difficult and the requirement of Sharia compliance adds more nuance. Nevertheless, important progress is being made. For example, in Malaysia, halal crypto is regulated by the Securities Commission and companies raising funds in this way must conduct an Initial Exchange Offering on an approved digital asset exchange platform.\u003C\u002Fp\u003E\n\u003Cp\u003EDespite these ongoing discussions, however, with the rise of Islamic cryptocurrency exchanges such as HelloGold and Islamic Coin, there is now certainly more guidance and regulation for Muslims looking to invest in crypto assets in a way that aligns with their principles.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EReferences\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EStatista: \u003Ca href=\"https:\u002F\u002Fwww.statista.com\u002Fstatistics\u002F1090815\u002Fworldwide-value-of-islamic-finance-assets\u002F#:~:tex t=In%202021%2C%20the%20total%20assets,trillion%20U.S.%20dollars%20by%20202\"\u003EWorldwide value of Islamic Finance assets\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EKing's Business Review:\u003Cem\u003E \u003Ca href=\"https:\u002F\u002Fkingsbusinessreview.co.uk\u002Fsukuk-the-halal-bond#:~:text=Western%20bonds%20a%20re%20considered%20haram,lending%20money%20is%20considered%20unethical.%20\"\u003ESukuk: the halal bond\u003C\u002Fa\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ESaturna Capital: \u003Cem\u003E\u003Ca href=\"https:\u002F\u002Fwww.saturna.com\u002Fsites\u002Fsaturna.com\u002Ffiles\u002Ffiles\u002F2020\u002FWP_What_Makes_Sukuk_Hal%20al-web.pdf%20\"\u003EWhat makes Sukuk Halal?\u003C\u002Fa\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EReuters: \u003Cem\u003E\u003Ca href=\"https:\u002F\u002Fwww.reuters.com\u002Farticle\u002Fal-hilal-sukuk-blockchain-idUSL8N1Y11PH%20\"\u003EAbu Dhabi's Al Hilal Bank uses blockchain to sell sukuk in secondary market\u003C\u002Fa\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EReuters: \u003Cem\u003E\u003Ca href=\"https:\u002F\u002Fwww.reuters.com\u002Farticle\u002Fislamic-finance-icd\u002Fsaudi-arabia-based-icd-look%20s-to-deep%20en-sukuk-markets-new-ceo-idUSL8N1XN0MC%20\"\u003ESaudi-based ICD eyes blockchain-based tool for Islamic banks\u003C\u002Fa\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EPress release: \u003Ca href=\"https:\u002F\u002Fwww.zawya.com\u002Fen\u002Fpress-release\u002Fcompanies-news\u002Fislamic-coin-and-haqq-blockchain-ink-major-agreements-in-medical-care-travel-wellness-and-immigration-services-t56ot8x4?amp=1\"\u003E\u003Cem\u003EIslamic Coin and Haqq Blockchain ink major agreements in medical care, travel, wellness and immigration services\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ECoin Telegraph: \u003Cem\u003E\u003Ca href=\"https:\u002F\u002Fcointelegraph.com\u002Fnews\u002Fimf-examines-cbdc-design-in-context-of-islamic-banking%20finds-some-risks-magnified%20\"\u003EIMF examines CBDC design in context of Islamic Banking, finds some risks magnified\u003C\u002Fa\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EFreeman Law: \u003Ca href=\"https:\u002F\u002Ffreemanlaw.com\u002Fcryptocurrency\u002Fmalaysia\u002F\"\u003EMalaysia and Cryptocurrency\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EArabian Business: \u003Ca href=\"https:\u002F\u002Fwww.arabianbusiness.com\u002Findustries\u002Fbanking-finance\u002Fislamic-coin-worlds-first-sharia-compliant-cryptocurrency-to-launch-in-may-co-founder-reveals\"\u003E\u003Cem\u003EIslamic Coin: World’s first Sharia compliant cryptocurrency to launch in May, co-founder reveals\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ENasdaq.com:  \u003Ca href=\"https:\u002F\u002Fwww.nasdaq.com\u002Farticles\u002Fhow-cryptocurrency-aligns-with-the-principles-of-islamic-banking-and-finance\"\u003E\u003Cem\u003EHow Cryptocurrency Aligns with the Principles of Islamic Banking and Finance\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EStobox: \u003Ca href=\"https:\u002F\u002Fblog.stobox.io\u002Fsecurity-tokens-as-some-of-the-few-sharia-compliant-crypto-instruments\u002F\"\u003E\u003Cem\u003EWhy security tokens are Shariah-compliant crypto instruments\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAlami Institute:\u003Cem\u003E\u003Ca href=\"https:\u002F\u002Fasad-institute.co.id\u002Fen\u002Flearn\u002Fnft-smart-contract-syariah\"\u003E How NFT and Smart Contract Could Impact Islamic Finance\u003C\u002Fa\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ECoin Telegraph: \u003Ca href=\"https:\u002F\u002Fcointelegraph.com\u002Fnews\u002Findonesia-s-national-islamic-council-declares-bitcoin-haram\"\u003E\u003Cem\u003EIndonesia’s national Islamic council reportedly declares Bitcoin haram\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ECoin Telegraph: \u003Ca href=\"https:\u002F\u002Fcointelegraph.com\u002Fnews\u002Fmalaysian-sc-shariah-advisory-council-praises-crypto-s-great-potential\"\u003E\u003Cem\u003EMalaysian SC Shariah Advisory Council praises crypto’s ‘great potential’\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EFelix Kevin on Medium.com: \u003Ca href=\"https:\u002F\u002Ffelixkevin.medium.com\u002Fislamic-coins-legitimacy-as-a-sharia-compliant-cryptocurrency-is-proven-by-its-fatwa-7934547531\"\u003E\u003Cem\u003EIslamic Coin’s Legitimacy as a Sharia-Compliant Cryptocurrency Is Proven by Its Fatwa\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EKareem Ibrahim Olamilekan on Medium.com: \u003Ca href=\"https:\u002F\u002Fmedium.com\u002F@cryptoking2572\u002Fevaluating-the-security-and-transparency-of-islamic-coins-blockchain-technology-fb3426129e26\"\u003E\u003Cem\u003EEvaluating the Security and Transparency of Islamic Coin’s Blockchain Technology\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp data-testid=\"storyTitle\"\u003ELCX.com: \u003Cem\u003E\u003Ca href=\"https:\u002F\u002Fwww.lcx.com\u002Ftokenized-bond-investing-for-smart-portfolio-management\u002F%20\"\u003ETokenized Bond Investing for Smart Portfolio Management\u003C\u002Fa\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EQuardus.com: \u003Ca href=\"https:\u002F\u002Fwww.qardus.com\u002Fnews\u002Fis-bitcoin-halal-sharia-rules-and-interpretation\"\u003E\u003Cem\u003EIs Bitcoin Halal: Sharia Rules and Interpretation\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EInternational Journal of Zakat: \u003Ca href=\"https:\u002F\u002Fijazbaznas.com\u002Findex.php\u002Fjournal\u002Farticle\u002Fview\u002F260\"\u003E\u003Cem\u003EBlockchain and Smart Contract Application for Zakat Institution\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"COMMENT: Halal Crypto: could blockchain be a boost for Shariah-compliant finance?"},{"summary":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","entryThumbnail":null,"image":{"altText":"the view from Greenwich Park to Canary Wharf","transformations":"w=780&h=497&crop=780,440,0,29","caption":"","asset":{"entryTitle":"Canary Wharf View","entryDescription":null,"sys":{"id":"ccac918d-1cc5-45e6-9347-f5d3080305db","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fcanary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29"}}},"regions":[],"topics":[{"entryTitle":"Affordable & clean energy (SDG 7)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3ff805db-8d19-4532-82b2-ad731350fd4b","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-09-24T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","relatedEvent":null,"relatedLinks":[],"title":"New research sets out three overlooked opportunities to fund net zero transition","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-09-19T17:02:41.703979Z","versionNo":"1.0","modified":"2024-09-24T10:16:01.0887538Z","modifiedBy":"k1808181","published":"2024-09-24T10:16:10.5440165Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5c2b333c-7411-4cec-80ad-c2666c9e88f3","projectId":"website","slug":"new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition","properties":{}},"intranet":false,"relatedCourses":[{"entryTitle":"Banking & Finance","entryDescription":"Explore the challenges facing financial markets and the global banking sector.","entryThumbnail":null,"sys":{"id":"f1001e0e-2239-4b3e-911f-251a8b8368b6","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fbanking-and-finance-msc"}},{"entryTitle":"Finance (Asset Pricing)","entryDescription":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","entryThumbnail":null,"sys":{"id":"55696733-d2cf-4137-80b2-cd800a34b354","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc"}}],"relatedPeople":[{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ETo deliver the funding, a recent report from King’s College London argues for an urgent focus on three key areas of the financial system:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Egovernments should engage with the new forms of partnerships between banks and other financial institutions that free up their lending capabilities;\u003C\u002Fli\u003E\n\u003Cli\u003EMultilateral Development Banks should make more use of their balance sheets to attract private sector funding through blended finance\u003C\u002Fli\u003E\n\u003Cli\u003Eand regulators should develop global carbon markets with a focus on integrating national emissions trading systems and enhancing trust in voluntary markets.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe report highlights that the Multilateral Development Banks alone could more than double their stock of lending to release a further $1.2 trillion of net zero financing without harming their AAA ratings and estimates that governments could release £8.5 billion of new bank lending through every £1 billion they invest in loans to decarbonisation projects.\u003C\u002Fp\u003E\n\u003Cp\u003EThe report and its recommendations were developed by Professor David Aikman, a former Technical Head of the Bank of England’s Financial Stability Division and Professor Raúl C. Rosales, a member of the Management Committee of the Singapore Green Finance Centre.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Mobilising enough finance to achieve our net zero goals is a major challenge, but our research highlights the potential of three avenues that should become a focus for policy makers in the run up to COP29 and beyond.","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance at King’s Business School"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003ETHE BANKS’ ROLE IN FINANCING THE TRANSITION TO NET ZERO\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe report outlines how, ahead of the full implementation of the Basel III capital adequacy rules, banks are increasingly partnering with non-bank players in innovative ways that allow them to de-risk in line with existing regulatory and supervisory frameworks. These include strategic partnerships and new investment fund platforms with private credit, as well as the increased use of so-called “synthetic risk transfers” that move credit risk to third parties such as investment funds, freeing up funds for further lending. EU banks alone issued €102 billion in synthetic risk transfer securitisations in 2023 and 11% of these were linked to sustainability lending.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that governments and policy makers can support this transfer of risk between the banks and other parts of the financial sector;\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EBy fostering the globally harmonised regulation of de-risking mechanisms such Significant Risk Transfers and synthetic securitisations\u003C\u002Fli\u003E\n\u003Cli\u003EAs investors: the authors estimate that a £1 billion government investment in the junior tranche of a pool of loans for decarbonisation projects would generate additional bank lending capacity of around £8.5 billion. In the UK, the new National Wealth Fund could play a role both as a guarantor and coordinator of private sector lending for net zero technologies and projects.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBLENDED FINANCE\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBlended finance uses catalytic capital from public or philanthropic sources to mobilise private sector investment in sustainable development projects, primarily in developing countries. Public investment is led through Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs). While climate finance accounted for over half of the value of blended finance deals in 2023, the report highlights that at $15 billion of new transactions, the overall sector remained relatively small, and sets out how it could be expanded.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors calculate that MDBs and DFIs draw on private sector investors for only 11% of their annual overall financing commitments. Their analysis of credit rating agency reports suggests that there is significant potential for MDBs to increase their leverage while still maintaining their AAA credit ratings. They estimate that collectively, the 13 MDBs focused on developing countries could increase the stock of development assets they finance by around $1.2 trillion, a 2.5-fold increase, without harming their current credit ratings.\u003C\u002Fp\u003E\n\u003Cp\u003EFurthermore, if MDBs operated under an AA rating instead of AAA, their financing capacity would increase by a further $1–1.2 trillion, significantly boosting their development and financial impact.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECARBON MARKETS\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBy putting a price on carbon, carbon markets create economic incentives for businesses and governments to invest in clean technologies and implement carbon pricing policies. They are also a source of revenue for government investments in net zero projects: in 2023 Emissions Trading Systems generated $74 billion in government revenues. Alongside the ETSs are voluntary carbon markets offering trading in ‘carbon credits’ issued by the developers of carbon removal and reduction schemes.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that these markets can be made more attractive through:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELinking the UK and EU ETSs as envisaged in the EU-UK Trade and Cooperation Agreement governing post-Brexit trade relations. This is also a necessary condition for exempting UK exports from the EU’s Carbon Border Adjustment Mechanism.\u003C\u002Fli\u003E\n\u003Cli\u003EStronger regulatory oversight, with clear rules on carbon credit usage, and a global standard for the financial accounting of certified carbon offset credits.\u003C\u002Fli\u003E\n\u003Cli\u003EFurther integration, for example integrating the voluntary carbon markets with the established emissions trading systems, which would provide a strong pricing signal.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"quote","value":{"text":"Partnerships between banks, investors, and regulators offer a critical opportunity to channel funds into low-carbon technologies by de-risking through regulated schemes. Multilateral Development Banks (MDBs) can amplify their impact by leveraging resources without straining government budgets, helping to establish sustainable infrastructure platforms in developing countries. Governments play a key role in integrating carbon markets through mechanisms like ETS and GGRs, enhancing transparency, and market efficiency, and sending a strong price signal for decarbonization.","source":"Professor Raúl C. Rosales, Professor of Practice in Net Zero Asset Management at King’s College London"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"postitNote","value":{"alignment":"Left","title":"Read the full impact policy paper","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EMOBILIZING FINANCE FOR NET ZERO ENERGY SYSTEMS\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EKey issues, barriers and policy priorities\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"New research sets out three overlooked opportunities to fund net zero transition"},{"summary":"Former Bank of England head of Fintech and Affiliate Member of the Qatar Centre for Global Banking & Finance, Varun Paul, spoke at Fintech LIVE in London. He discussed the evolution of digital currencies and explored how central banks and private institutions can design Central Bank Digital Currencies (CBDCs) that foster trust, financial resilience, and civil rights protection. Read his speech in full here.","entryThumbnail":null,"image":{"altText":"Varun Paul","transformations":"w=780&h=520&crop=780,440,0,40","caption":"Varun Paul at FinTech LIVE, London, 22 October 2024","asset":{"entryTitle":"varun-paul-fintech","entryDescription":null,"sys":{"id":"0f4f4a21-5583-4884-b4a2-0992027e10f2","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fvarun-paul-fintech.xb55fb86d.jpg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-11-18T18:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Former Bank of England head of Fintech and Affiliate Member of the Qatar Centre for Global Banking & Finance, Varun Paul, spoke at Fintech LIVE in London. He discussed the evolution of digital currencies and explored how central banks and private institutions can design Central Bank Digital Currencies (CBDCs) that foster trust, financial resilience, and civil rights protection. Read his speech in full here.","relatedEvent":null,"relatedLinks":[],"title":"COMMENT: Privacy and Trust in Tokenised Money, and how I would design a CBDC","sys":{"owner":"k2371384","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k2371384","created":"2024-11-15T04:02:16.5681944Z","versionNo":"6.0","modified":"2024-11-21T10:13:19.752825Z","modifiedBy":"k1808181","published":"2024-11-21T10:13:32.2360619Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"51f1b80c-374c-4852-8193-40b9b707e6f9","projectId":"website","slug":"comment-privacy-and-trust-in-tokenised-money-and-how-i-would-design-a-cbdc","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[],"authorByline":"Varun Paul, Affiliate Member, Qatar Centre for Global Banking and Finance, and Senior Director, Fireblocks","articleContent":[{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EMoney is about trust\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIn his famous book about the human species, Yuval Noah Harari describes money as “the most universal and most efficient system of mutual trust ever devised”. “It can bridge almost any cultural gap”, he writes, allowing people who don’t know each other to work together and trust each other to deliver a greater good.\u003C\u002Fp\u003E\n\u003Cp\u003EAt the heart of money is trust; why else would someone believe that a piece of paper, or parchment or polymer is worth anything? The person receiving a bank note needs to be able to trust that they can pass that note to someone else in the economy and it be worth the same amount to them too. Ultimately, for a bank note, that trust is derived from the central bank that prints them and devises security methods that makes forgery very difficult to execute and very easy to spot. The central bank goes further too, to ensure that the value of that note remains relatively stable, by trying to maintain a low and stable rate of inflation. Having spent 14 years at the UK’s central bank, it is ingrained deep inside me that trust is hard earned and easily lost. \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EDigital Money is no different\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EModern forms of Money are no different in this respect. Regardless of how it appears or how it is used, the money still needs to be trusted. When we use bank to bank payments, like Faster Payments in the UK, we rely on our bank and the settlement system that connects it to the destination bank, to make good on our commitment to pay someone £10. If the bank decided, on occasion, not to complete the transaction, or the settlement system failed, sending £10 via Faster Payments simply wouldn’t mean the same thing - the electronic £10 wouldn’t have quite the same value as the banknote, and people would use it less.\u003C\u002Fp\u003E\n\u003Cp\u003EThe same is true for card payments, as well as mobile payments like Apple Pay and Google Pay. Card companies spend a huge amount of time and money monitoring in real-time and ensuring that payment instructions on the card network are valid and can be trusted. Without that trust, the whole card system would rapidly lose its value and its appeal.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ETrust in value\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBecause we’re used to using those payment methods, we are comfortable with them, and we mostly understand the risks and benefits. Digital currencies offer a new way forward and purport to offer better ways to transact. But the core principle of trust still applies.\u003C\u002Fp\u003E\n\u003Cp\u003EWe’ve seen a proliferation of stablecoins over the past few years. Following the growth in adoption of Tether’s USDT and Circle’s USDC, as well as the spectacular failure of Terra\u002FLuna’s UST, we are now seeing fintechs and banks all over the world issuing digital currencies tied to some nominal value, including Société Géneral in Europe and BanColombia in Latin America. These stablecoins borrow their value from the fiat currencies they are tied to. To manage the financial risk of that endeavour, they need to carefully manage their reserves to ensure holders of the stablecoin can trust in the value of the token they are holding. This became very apparent last year. At the very moment that Silicon Valley Bank was going bankrupt in March 2023, there were significant question marks over the status of the reserves backing Circle’s USDC and we saw a small and temporary de-pegging over the weekend from its par value against the US Dollar.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"Chart showing the value of Circle's USDC against the US Dollar in the days leading up to and immediately after the collapse of Silicon Valley Bank - the line shows that, having been very stable at $1, its value temporarily dipped as low as 89 cents over the weekend.","transformations":null,"caption":"Source: CoinMarketCap","asset":{"entryTitle":"circles-USDC","entryDescription":null,"sys":{"id":"2568d243-097a-4934-b565-d106594c9808","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fcircles-usdc.x2910304f.png"}}}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003ETrust in Data protection\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBut it is not only trust in the value of the currency that is important with digital money. With a new technology like this, people need to build trust in its operation too. Data privacy is a core part of that, as we learnt from Facebook’s Libra project. When that was first announced in 2019, it brought home the very tangible risk that a stablecoin could give a sophisticated technology company access to spending and financial data on its 2.4 billion users. Given the amount of data they already collect on us, many people are nervous about sharing even more sensitive data with the largest technology companies.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAn opportunity for banks\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBanks see an opportunity to step in and address the financial risk. After all, they have been creating money for centuries, quite literally. So tokenising commercial bank money feels like quite a natural thing for a bank to do, and a great opportunity to retain their role in the monetary system as demand for digital assets grows. And - financial crises aside - those that are in business can lean on their track record of financial resilience over many decades to build trust.\u003C\u002Fp\u003E\n\u003Cp\u003EThey also see an opportunity to address the data protection concern. When asked about who we trust with our data, banks do pretty well. As a highly regulated industry, compliance with data regulations is generally a high priority. My personal theory is that we also trust them because we know they are not capable of harnessing and monetising our data in the way that the technology giants are.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECentral banks have a duty to the public\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe Libra project also woke central bankers up to the very real risk that they might get left behind and fall short in their responsibility to provide a form of money that had the trust and backing of the state.\u003C\u002Fp\u003E\n\u003Cp\u003EJust as they have a role to ensure that the value of the currency remains stable, they have a responsibility to ensure that people can always have access to the money they need. A natural extension of that could be that their money and spending is protected from the commercial incentives of private companies. They do not need to issue all of the money in the economy - certainly they are far from that in today’s economies. Rather, they need to issue enough that it is an always accessible alternative, to offer consumers choice. This also enables them to ensure that £10 is worth £10 always and everywhere, preserving the ‘singleness’ or ‘uniformity’ of money.\u003C\u002Fp\u003E\n\u003Cp\u003EIt may sound strange, but money issued by different entities carries different risks. When you hold and spend money in a bank account, you are entirely reliant on that bank not going bankrupt. The same is true when you spend money in bank notes: they could be worth less in other currencies if the government defaulted on its debts. And they might be worth nothing if the central bank collapsed. In general, because a central bank can print its own money and is backed by the country’s government, it tends to be the lowest risk form of money to hold. Day to day, we don’t tend to think about these risks, but we know that demand for banknotes rises at times of financial uncertainty, as we saw most recently during the covid pandemic.\u003C\u002Fp\u003E\n\u003Cp\u003EWe have to remember that tokenised money is not an end in itself. It is needed to access the increasing array of digital assets available. In general, it seems likely that CBDCs will co-exist alongside tokenised deposits and stablecoins, each serving a slightly different purpose, offering consumers choice in how they pay, just as they have today.\u003C\u002Fp\u003E\n\u003Cp\u003EWhile central banks and governments might carry lower financial risk, many people around the world worry about the government spying on them. The level of distrust in the government varies by country, but you can hardly blame people for being sceptical when they see how data can sometimes be used by governments, right across the spectrum from China to the US. And also when they see how governments have acted to freeze bank accounts of people supporting particular causes, including in advanced and liberal countries, like Canada. \u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003ECountries are exploring CBDCs for different reasons\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EExamples of CBDCs around the world show how the design choices depend on the relationship between the people and the state, as well as the policy objectives of the government.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ctable style=\"border-collapse: collapse; width: 100%;\" border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003ECaribbean\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003ENigeria\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EAustralia\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EFinancial inclusion for remote islands\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EAlternative to cryptocurrencies\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EWork with bank-issued stablecoins\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EEconomically viable alternative to cash\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EImprove payments efficiency\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EFuture-proof payments\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EBring money into the formal economy\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EChina\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EIndia\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EBrazil\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EAlternative to cryptocurrencies\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EAlternative to cryptocurrencies\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003ESupport Digital Asset ecosystem\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003ECompete with AliPay \u002F WeChat Pay\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EBuilding on success of UPI\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EBuilding on success of Pix\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EMonitor spending, including to support economic management\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EDesigned to be future-proof\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 33.3333%;\"\u003E\n\u003Cp\u003EInteroperability and programmability\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"markup","value":"\u003Cp\u003EIn the Caribbean for example, there was clearly a need to improve the distribution of money to remote islands to ensure everyone had access to the money they needed. Nigeria has been battling with a number of economic challenges and wanted to provide an alternative to crypto, to improve payments efficiency and to reduce the amount of money circulating in the informal economy. To achieve that last aim, they also enforced a redenomination of banknotes, and we got to see what happens when you undermine trust in money. The combination of policies pulled at the very fabric of society and we saw protests on the streets because people were unable to use their money to buy essential goods.\u003C\u002Fp\u003E\n\u003Cp\u003EChina and India also want to provide an alternative to crypto, and in China they want to reduce the role of Alipay and WeChat Pay, in a way that aligns with their approach to managing the economy. In India, Australia and Brazil, there are clear attempts to make sure their innovation is future-proof, with Australia requiring interoperability with a developing stablecoin ecosystem. And Brazil is seeking to support and enable the growing digital asset ecosystem, which led them to build on blockchains that could work with the Ethereum ecosystem.\u003C\u002Fp\u003E\n\u003Cp\u003EThese examples illustrate that there are a number of protections for citizens: governance, including the rule of law and regulation; policy, including societal norms and consumer choice; and technology, which can be used to either attack or protect the rights of citizens. I will focus on the design choices through which blockchains and wallets can protect citizens.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EThe evolution of blockchains\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIf we roll back the clock 6 years to 2018, as Bitcoin went through a bull run, people quite rightly pointed out that the blockchain could not replace traditional payment rails, because it could not handle the required throughput, because transaction costs were too high and too volatile, and because institutions would be unwilling to use something so vulnerable to hackers. There were issues with energy consumption too. Some were concerned about the anonymity of blockchains, while financial institutions were concerned that their transactions would be too visible to their competitors.\u003C\u002Fp\u003E\n\u003Cp\u003EBlockchains have moved on significantly since then. As blockchains have proliferated, they have tried to differentiate themselves with unique features that address these challenges. Some achieved lower transaction costs and gained traction for payments. Others built on top of the Ethereum blockchain and ecosystem to achieve programmability and composability using smart contracts. Similarly, we have seen computational efficiency using proof of stake, shorter settlement times by reducing block lengths, increased transaction throughput, greater auditability and privacy using zero-knowledge proofs, permissioned zones and layer 2 roll-ups.\u003C\u002Fp\u003E\n\u003Cp\u003EMany of the critiques that I had of blockchains, as a regulator in 2018, have now been addressed. In particular, I want to talk about governance and privacy, because I completely understand the reluctance of central banks to leverage public blockchains for critical national infrastructure. But the development of permissioned and composable blockchain ecosystems means that we can have a layered approach that preserves the performance, governance and privacy requirements of the financial system. \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBlockchains can deliver privacy and trust\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ELet’s imagine a central bank, operating a core infrastructure at the heart of the financial system. Because it is designed to serve as a platform for innovation, it is built as a blockchain. And because it is so central to the financial system, it is highly permissioned and strictly governed by the central bank.\u003C\u002Fp\u003E\n\u003Cp\u003EThis blockchain uses the latest capabilities in zero-knowledge proofs to ensure: transparency between counterparties to a transaction, while preserving privacy from others on the network, and providing visibility to the central bank for monitoring and regulatory purposes. Because it is not designed to do everything, it is built on interoperable technology and standards and designed to deliver cross-chain composability.\u003C\u002Fp\u003E\n\u003Cp\u003EIn a second layer, Bank A operates a separate blockchain, which includes all of its participants. It is responsible for the operation and governance of this second layer blockchain, subject to the rules set by the central bank. In the same way as before, using the latest innovations in zero-knowledge proofs, it delivers transparency between counterparties, without revealing any details to peers on the network, providing privacy. It gives visibility to the operator of the blockchain, so that that it can meet its obligations for anti-money laundering and fraud monitoring, but because the central bank is one step removed, we can guarantee privacy from the eyes of the central bank and the government.\u003C\u002Fp\u003E\n\u003Cp\u003EIf each of the participants in the central bank blockchain operates a second layer blockchain of its own, it builds into an entire system of permissioned and public blockchains. It can define clear perimeters for governance, with clear responsibilities for operators of the permissioned blockchains. The system can use the central bank infrastructure for settlement between chains in real time. And it offers connectivity to, and composability with, the public blockchain ecosystem, with all that has to offer in terms of access to tokenised assets.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EA triangle of trust\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"A diagram showing how a customer can be protected by a triangle of trust. It shows a customer connected to a wallet provider and a technology company in a triangular setup, with boxes around each to illustrate that the customer is protected from operational failure at any one of the three parts. It adds the central bank above the triangle, issuing one of many forms of digital pound to the customer, to create a pyramid shape.","transformations":null,"caption":"","asset":{"entryTitle":"triangle-of-trust","entryDescription":null,"sys":{"id":"778df03b-a066-457f-8fec-2eae42df659a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Ftriangle-of-trust.xcf13f820.png"}}}},{"type":"markup","value":"\u003Cp\u003ELet me turn to wallet infrastructure, and what I believe is one of the final pieces of the puzzle in the transition towards Web 3, or direct ownership of data, content and assets. In a technological setup we (and others) offer to the market today, we can give customers direct ownership of their funds, protected by a triangle of trust. This triangle of trust is incredibly powerful, because it offers resilience to operational and financial risks - and nothing gets a regulator more excited than operational and financial resilience!\u003C\u002Fp\u003E\n\u003Cp\u003EThe customer is responsible for remembering their password and keeping their device safe and updated. A wallet provider provides a user-friendly interface and is responsible for customer onboarding, fraud monitoring, compliance, and handling customer complaints. And a technology provider is responsible for the infrastructure that holds it together and the cybersecurity that helps to protect the customer’s private key.\u003C\u002Fp\u003E\n\u003Col\u003E\n\u003Cli\u003EIf the customer forgets their password or loses their device, they can turn to the wallet provider for help, much as they do today. They can go through a process to recover their password and re-establish control of their wallet.\u003C\u002Fli\u003E\n\u003Cli\u003EIf the Wallet Provider suffers a prolonged outage or any other significant operational failure, the customer can turn to the technology provider, to re-establish control of their assets and take them to another wallet provider.\u003C\u002Fli\u003E\n\u003Cli\u003EAnd if the technology company suffers a prolonged outage or significant operational failure, the customer can resort to a disaster recovery service, provided by an independent 3rd party, like an insurance service, to re-establish control of their assets and take them to another wallet technology service.\u003C\u002Fli\u003E\n\u003C\u002Fol\u003E\n\u003Cp\u003EWhat is really powerful about this set up is that the customer has no financial exposure to any of the other parties. The customer has direct ownership of their funds in all scenarios. This is clever because it separates financial risks and operational risks - it means that the wallet provider does not need to be regulated like a bank and lowers the barriers to entry and exit, ensuring competition and consumer choice in the market for wallets.\u003C\u002Fp\u003E\n\u003Cp\u003EIt also means that the customer can hold all sorts of digital assets in this way, including all those forms of tokenised money we spoke about earlier. And if we give the customer access to a retail CBDC, they can hold the lowest risk asset in the land and minimise their exposure to financial risk. But they also have choice, so they can choose whether to spend in CBDC, or tokenised deposits or stablecoins, as they see fit, delivering a true vision for Web 3!\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EConclusion\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EI started this blog by quoting the great Yuval Noah Harrare. And I’ll end with a quote too, this time from the great children’s TV show, Bluey. In an episode about Promises and Trust, Bluey’s mum says “without trust, none of this would be possible: no libraries, no roads, no electricity”. And she was right.\u003C\u002Fp\u003E\n\u003Cp\u003EOur societies are built on trust. And money is central to that. Central banks around the world have the opportunity to upgrade our payments and financial systems for the future. Trust is hard earned - and thanks to the private sector alternatives to CBDC, central banks will have to work hard to demonstrate that we can trust in the new forms of money they issue, both in terms of their value and their protection of our civil rights.\u003C\u002Fp\u003E\n\u003Cp\u003EBut I hope I have shown that there is a way forward, that leverages the latest advances in blockchains and wallets, and that it can be achieved as a collective effort between the public and private sectors. Working together and underpinned by trust, we can build amazing things in the future too!\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"COMMENT: Privacy and Trust in Tokenised Money, and how I would design a CBDC"}],"title":"Qatar Centre for Global Banking & Finance","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"researchProfile","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2371384","archived":null,"deleted":null,"createdBy":"k1812479","created":"2019-10-14T13:41:24.0382441Z","versionNo":"146.0","modified":"2024-11-20T09:56:33.0449622Z","modifiedBy":"k2371384","published":"2024-11-20T09:57:14.8631873Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","projectId":"website","slug":"qatar-centre-global-banking-finance","properties":{}},"projectLinks":[],"bannerImage":{"altText":"The Doha skyline in Qatar, with traditional Islamic geometric art in yellow","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"QCBBanner","entryDescription":null,"description":null,"sys":{"owner":"k1812479","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"8c15aaac-a277-48e2-b5d0-1f278d664e6d"},"dataFormat":"asset","isPublished":false,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcbbanner.xa2736bfe.jpg","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2019-12-09T13:20:10.3687329Z","versionNo":"2.0","modified":"2020-02-13T11:44:46.7178173Z","modifiedBy":"ServicesUser","published":"2020-02-13T11:44:46.8271911Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8c15aaac-a277-48e2-b5d0-1f278d664e6d","projectId":"website","slug":null,"properties":{"filename":"qcbbanner.jpg","fileSize":873226,"width":1800,"fileId":"8c15aaac-a277-48e2-b5d0-1f278d664e6d","height":500}},"title":"QCBBanner","entryTitle":"QCBBanner"}},"relatedEvents":[{"date":{"from":"2023-11-03T08:15:00","to":"2023-11-03T17:30:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.com\u002Fe\u002Fbank-of-england-watchers-conference-2023-tickets-680290014747?aff=oddtdtcreator","description":"This annual conference brings together policymakers, market economists and leading academics to discuss current issues in monetary and financial stability policy with a deliberate focus on the UK. ","heroImage":null,"relatedNews":null,"title":"Bank of England Watchers’ Conference 2023","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2365585","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-06-02T13:28:56.9129106Z","versionNo":"17.0","modified":"2024-08-23T14:48:08.0591757Z","modifiedBy":"k2365585","published":"2024-08-23T14:48:12.335501Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"eb9499e5-e6f0-452b-98c5-fb916e09e505","projectId":"website","slug":"bank-of-england-watchers-conference-2023","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"file:\u002F\u002F\u002FC:\\Users\\k2040077\\Downloads\\Bank%20of%20England%20Watcher's%20Conference%202023%20-%20YouTube\" target=\"_blank\" rel=\"noopener\"\u003EWatch the 2023 conference via our Youtube channel now\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EThis annual conference brings together policymakers, market economists and leading academics to discuss current issues in monetary and financial stability policy with a deliberate focus on the UK.\u003C\u002Fp\u003E\n\u003Cp\u003EThe purpose of the conference, which was inspired by the well-known European Central Bank Watchers’ Conference and the US Monetary Policy Forum, was to bring together leading academics, policymakers, and financial market practitioners to discuss and debate salient policy issues facing the Bank of England at this juncture.\u003C\u002Fp\u003E\n\u003Cp\u003EThe event is co-organised by the Qatar Centre for Global Banking & Finance and the Macro Money and Finance society.\u003C\u002Fp\u003E"},{"type":"carousel","value":[{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Watchers 23 6","entryDescription":null,"sys":{"id":"7fc108a5-d21a-42bb-9a5e-9fddf0376146","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fwatchers-23-6.x46e14d94.png"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Watchers 23 5","entryDescription":null,"sys":{"id":"fae043fd-30f6-49c0-b062-bd1715654dbd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fwatchers-23-5.x01ed2a6a.png"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Watchers 23 4","entryDescription":null,"sys":{"id":"80e3b9ae-018d-484b-828f-d545d64693b1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fwatchers-23-4.x89adb7dc.png"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Watchers 23 3","entryDescription":null,"sys":{"id":"e44964c9-5bdd-4357-9bb7-a071360586b2","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fwatchers-23-3.x2aaf0a0e.png"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Watchers 23 2","entryDescription":null,"sys":{"id":"a24db2f0-a6e0-46ce-9a00-d6dbc632470c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fwatchers-23-2.x95914241.png"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Watchers 23 1","entryDescription":null,"sys":{"id":"589703da-9581-4c66-b4e0-f4e04869efd1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fwatchers-23-1.x169cb0f8.png"}}}]},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EProgramme\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E8.15 - 8.50 Registration & coffee\u003C\u002Fp\u003E\n\u003Cp\u003E8.50 - 9.00 Welcome\u003C\u002Fp\u003E\n\u003Cp\u003E9.00 - 10.00 \u003Cstrong\u003EKeynote speech: Andrew Hauser (Bank of England)\u003C\u002Fstrong\u003E \u003Cbr \u002F\u003EChair: Claire Jones (Financial Times)\u003C\u002Fp\u003E\n\u003Cp\u003E10.00 - 10.30 Coffee\u003C\u002Fp\u003E\n\u003Cp\u003E10.30 - 12.00 \u003Cstrong\u003EPanel 1: Monetary policy\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EWhat is the outlook for monetary policy, both in the UK and globally?  How long should the MPC (and other central banks) hold rates at their current level?  How should they monitor whether the upside risks to the inflation outlook are subsiding or not? How much of the pass-through from the MPC’s hike and hold strategy is still to materialise in the data?  Where is inflation likely to settle in the medium-term and how far the Bank might eventually have to cut rates?\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: Silvana Tenreyro (LSE), Rob Wood (Bank of America), Kristin Forbes (MIT) \u003Cbr \u002F\u003EChair: Phil Aldrick (Bloomberg)\u003C\u002Fp\u003E\n\u003Cp\u003E12.00 - 13.00 Lunch\u003C\u002Fp\u003E\n\u003Cp\u003E13.00 - 14.30 \u003Cstrong\u003EPanel 2: Bank of England accountability\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EHow well is the UK’s monetary policy framework functioning? What can be done to enhance (restore?) public confidence in the monetary policy framework after the recent bout of high inflation?  Does the remit need to be reconsidered? Is there sufficient diversity of thought on the Bank’s Monetary Policy Committee?  How clear are the lines of separation with fiscal policy and HM Treasury, especially with regards to QE?  What more needs to be done to improve the accountability of the Bank to Parliament?\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: George Bridges (House of Lords), Kate Barker, Martin Wolf (Financial Times) \u003Cbr \u002F\u003EChair: Ben Chu (BBC)\u003C\u002Fp\u003E\n\u003Cp\u003E14.30 - 15.30 \u003Cstrong\u003EKeynote speech: Tobias Adrian (International Monetary Fund)\u003C\u002Fstrong\u003E \u003Cbr \u002F\u003EChair: Rachana Shanbhogue (The Economist)\u003C\u002Fp\u003E\n\u003Cp\u003E15.30 - 16.00 Coffee\u003C\u002Fp\u003E\n\u003Cp\u003E16.00 - 17.30 \u003Cstrong\u003EPanel 3: Labour market dynamics\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EWhat we have learned in recent years about: measuring the tightness of the market in real-time; gauging the extent and significance of mismatches between demand and supply in segments of the market; understanding the cyclical and structural factors driving the various aspects of labour supply (immigration, participation, hours worked); and perhaps most important of all, assessing the sensitivity of wages to labour market tightness and the extent of any non-linearity in that relationship.  \u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: Jonathan Haskel (Bank of England), Alan Manning (LSE), Katharine Neiss (PGIM Fixed Income) \u003Cbr \u002F\u003EChair: Lea Paterson (Independent Non Executive Director and Fellow of the Chartered Institute of Personnel Development)\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EAbout the chairs\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EClaire Jones (Financial Times): \u003C\u002Fstrong\u003EClaire Jones is part of the Financial Times' global economy team. She joined the FT in 2011 to cover economics and markets in the UK and the eurozone. She previously was in the publications Washington bureau. She graduated from the London School of Economics and Political Science. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003EPhil Aldrick (Bloomberg):\u003C\u002Fstrong\u003E Phil Aldrick is Senior economics reporter at Bloomberg. Previously, he was economics editor and an economics columnist for The Times, covering the daily news and writing two opinion pieces a week. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003EBen Chu (BBC): \u003C\u002Fstrong\u003EBen is an experienced journalist, speaker and broadcaster who specialises in economics and current affairs. He is Policy and Analysis Correspondent at BBC Verify. Previously he was the Economics Editor of \u003Ca href=\"https:\u002F\u002Fwww.bbc.co.uk\u002Fprogrammes\u002Fb006mk25\"\u003E\u003Cem\u003ENewsnight\u003C\u002Fem\u003E\u003C\u002Fa\u003E, the BBC’s flagship current affairs nightly TV show. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003ERachana Shanbhogue (The Economist):\u003C\u002Fstrong\u003E Rachana is business affairs editor for \u003Cem\u003EThe Economist\u003C\u002Fem\u003E, responsible for the paper’s business, finance and science coverage. She has previously been finance editor, and before that wrote about European economies. \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ELea Paterson (Chartered Institute of Personnel Development\u003C\u002Fstrong\u003E): Lea Paterson CBE was previously Executive Director, People and Culture, at the Bank of England. Before working for the Bank, Lea worked as a journalist, as Economics Editor at \u003Cem\u003EThe Times\u003C\u002Fem\u003E and previously at \u003Cem\u003EThe Independent\u003C\u002Fem\u003E. She is a fellow of the Chartered Institute of Personnel Development and started off her working life as a professional economist.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EAbout the panellists \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAndrew Hauser (Bank of England) : \u003C\u002Fstrong\u003EAndrew Hauser was Executive Director for Markets between 2018 and 2024. Andrew joined the Bank in 1992, and held senior roles across most of our major functions. As Executive Director for Banking, Payments and Financial Resilience, he oversaw our financial risk framework; the operation and strategic development of our payment systems and our wholesale and retail banking operations.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESilvana Tenreyro (LSE):\u003C\u002Fstrong\u003E María Silvana Tenreyro CBE FBA is a British-Argentine economist who is professor of economics at the London School of Economics and was an external member of the Bank of England's Monetary Policy Committee from July 2017 to July 2023. She was president of the European Economic Association for 2021\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ERob Wood (Bank of America\u003C\u002Fstrong\u003E): Robert Wood has more than two decades of experience covering the UK economy at the central bank and for investors. He served as Chief UK Economist at Bank of America for nine year, three years as Chief UK Economist at Berenberg and twelve years in a variety of monetary policy roles at the Bank of England, including working with the MPC on producing Inflation forecasts through the financial crisis. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003EKristin Forbes (MIT):\u003C\u002Fstrong\u003E Kristin J. Forbes is an American macroeconomist and policy adviser currently serving as the Jerome and Dorothy Lemelson Professor of Management and Global Economics at the MIT Sloan School of Management. She has regularly rotated between academia and senior policy positions. From 2014-2017 she was an external member of the Monetary Policy Committee for the Bank of England. From 2003 to 2005 Forbes served as a member of the White House’s Council of Economic Advisers\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EGeorge Bridges (House of Lords): \u003C\u002Fstrong\u003ELord Bridges of Headley MBE. George Bridges served as Parliamentary Under Secretary of State at the Department for Exiting the European Union from 17 July 2016 to 14 June 2017. George has worked at The Times and in the commercial broadcasting sector, helping to set up the country’s digital terrestrial television network. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003EKate Barker: \u003C\u002Fstrong\u003EDame Kate Barker holds a number of roles, mainly in financial services. She is Chairman of Trustees for the British Coal Staff Superannuation Scheme, and Chair-Elect of the Universities Superannuation Scheme. She is an NED at Man Group plc, and (until July 2020) at Taylor Wimpey plc.She also chairs the Jersey Fiscal Policy Panel. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003EMartin Wolf (Financial Times):\u003C\u002Fstrong\u003E Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. He was a member of the UK government's Independent Commission on Banking between June 2010 and September 2011.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ETobias Adrian (International Monetary Fund):\u003C\u002Fstrong\u003E Tobias Adrian is the Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, digital money, financial regulation, bank resolution, debt management, capital markets, and climate finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EJonathan Haskel (Bank of England\u003C\u002Fstrong\u003E): Jonathan Haskel an external member of the Monetary Policy Committee and is a Professor of Economics at Imperial College Business School, Imperial College London. He was previously Professor and Head of Department at the Department of Economics, Queen Mary, University of London. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003EAlan Manning (LSE):\u003C\u002Fstrong\u003E Professor Alan Manning is Professor of Economics at the London School of Economics and is co-director of the Centre for Economic Performance's research programme on Community and Wellbeing. From 2009-2012 he was Head of the Economics Department at LSE; from 2004 to 2011 he was a member of the NHS Pay Review Body and from 2016-2020 the Chair of the Migration Advisory Committee. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Cstrong\u003EKatharine Neiss (PGIM Fixed Income): \u003C\u002Fstrong\u003EKatharine Neiss, PhD, is Deputy Head of Global Economics and Chief European Economist for PGIM Fixed Income, based in London. Ms. Neiss covers the macro-economic outlook in the UK and euro area, including Bank of England and ECB policy. Her own research focuses on thematic issues, such as monetary strategy and trade, with a particular emphasis on their relevance to Europe \u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EConference Organisers\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor David Aikman (Director of the Qatar Centre for Global Banking and Finance, King’s Business School) [contact: david.aikman@kcl.ac.uk]\u003C\u002Fp\u003E\n\u003Cp\u003EDr Richard Barwell (Head of Macro Research at BNP Paribas Asset Management) [contact: richard.barwell@bnpparibas.com]\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Paul Mizen (Deputy Director of the Economic Statistics Centre of Excellence, Kings Business School) [contact: paul.mizen@kcl.ac.uk]\u003C\u002Fp\u003E\n\u003Cp\u003EWe welcome comments on this event and suggestions for themes to focus on in future years.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"Watchers header 2023","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Watchers header 2023","entryDescription":null,"sys":{"id":"030aff68-ef9b-43ee-81b9-4b572b5c51c8","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fwatchers-header-2023.x21db6742.png?w=780&h=520&crop=780,440,0,40"}}},"thumbnail":{"altText":"","transformations":"w=780&h=521&crop=780,440,0,41","caption":"","asset":{"entryTitle":"Watchers 23 4","entryDescription":null,"sys":{"id":"80e3b9ae-018d-484b-828f-d545d64693b1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fwatchers-23-4.x89adb7dc.png?w=780&h=521&crop=780,440,0,41"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"This annual conference brings together policymakers, market economists and leading academics to discuss current issues in monetary and financial stability policy with a deliberate focus on the UK. ","contactEmail1":"kbseventsteam@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Bank of England Watchers' Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0905c688-884c-4452-b100-a046710f3286","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":{"entryTitle":"Institution of Engineering and Technology","entryDescription":"An institution that sets out to inspire, inform and influence the global engineering community to engineer a better world.","entryThumbnail":null,"sys":{"id":"9ea10c52-5ef9-462d-bb4e-969cc3dcff39","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Bank of England Watchers’ Conference 2023"},{"date":{"from":"2023-07-06T08:00:00","to":"2023-07-07T21:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.qcgbfconference.org\u002F","description":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.","heroImage":null,"relatedNews":null,"title":"Qatar Centre for Global Banking & Finance Annual Conference 2023","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-03-08T15:29:44.8639468Z","versionNo":"2.0","modified":"2023-05-18T09:26:13.6180229Z","modifiedBy":"k1812479","published":"2023-05-18T09:26:27.6814295Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0a45c8fe-0904-43ca-99d4-a0be0ec4db71","projectId":"website","slug":"qatar-centre-for-global-banking-finance-annual-conference-2023","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.\u003C\u002Fp\u003E\n\u003Cp\u003EThe conference provides a platform for experts from across the globe to present and discuss new research that can help central banks deal with the challenges facing the global economy and financial system.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Cp\u003EWe are pleased to announce the keynote speakers and one of the panels for this year’s conference:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EKeynote speakers\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E6 July:\u003C\u002Fstrong\u003E Johannes Stroebel, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fpages.stern.nyu.edu%2F~jstroebe%2F&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=bANHOf1qiEAvA%2B2LYItcRZ%2BcVsK%2Bh2sYSQnVOh96dxY%3D&reserved=0\"\u003EProfessor of Finance at Leonard N. Stern School of Business at New York University\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E7 July:\u003C\u002Fstrong\u003E Annette Vissing-Jorgensen, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fsites.google.com%2Fview%2Fannette-vissing-jorgensen&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=1dNPvYIsWRtmk4AmrekXmUVUXlZIKN1SUd11Kz04rC4%3D&reserved=0\"\u003ESenior Adviser for Research & Policy at the Federal Reserve Board.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe conference provides a platform for experts from across the globe to present and discuss new research that can help central banks deal with the challenges facing the global economy and financial system.\u003C\u002Fp\u003E\n\u003Cp\u003EExpand your network by meeting top policymakers and researchers. Learn more about central bank mandates, regulatory implications of cryptocurrencies, digital assets, inflation and much more.\u003C\u002Fp\u003E"},{"type":"subheading","value":"Day 1 Schedule"},{"type":"text","value":"\u003Ctable width=\"565\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E08.15\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ERegistration\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E08.50\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EWelcome remarks\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E09.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EMonetary policy and households\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E10.20\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E10.40\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EPolicy communication\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E12.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E13.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EMonetary policy transmission\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E14.20\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E14.40\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EClimate finance\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E16.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EKeynote (Johannes Stroebel)\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E17.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EYoung Economist Prize ceremony\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E17.15\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ECanape reception and poster session\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"subheading","value":"Day 2 Schedule"},{"type":"text","value":"\u003Ctable width=\"565\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E08.15\u003C\u002Ftd\u003E\n\u003Ctd\u003ERegistration\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E09.00\u003C\u002Ftd\u003E\n\u003Ctd\u003EInterest rates\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E11.00\u003C\u002Ftd\u003E\n\u003Ctd\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E11.20\u003C\u002Ftd\u003E\n\u003Ctd\u003EFinancial markets\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E12.40\u003C\u002Ftd\u003E\n\u003Ctd\u003ELunch\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E13.40\u003C\u002Ftd\u003E\n\u003Ctd\u003EPanel: Crypto Regulatory Priorities\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E14.40\u003C\u002Ftd\u003E\n\u003Ctd\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E15.00\u003C\u002Ftd\u003E\n\u003Ctd\u003EBanking and credit\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E16.20\u003C\u002Ftd\u003E\n\u003Ctd\u003EKeynote (Annette Vissing-Jorgensen)\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E17.20\u003C\u002Ftd\u003E\n\u003Ctd\u003EGoodbye\u002Fthanks\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EPanel: ‘Crypto and decentralised finance: Regulatory priorities’\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChaired by Frances Coppola, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.coppolacomment.com%2Fp%2Fabout-this-blog.html&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=ApcVOOzkX6WfNJhm%2B2P%2Bp5aShmcy9fFzceNbNG2JxvQ%3D&reserved=0\"\u003EEconomist, author and blogger\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ELeonardo Gambacorta, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fblogs.worldbank.org%2Fteam%2Fleonardo-gambacorta&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=0i8R6psrohz4JbIQhztM3l7Cj4LlSFDHIvmdcEGmEtA%3D&reserved=0\"\u003EHead of the Innovation and the Digital Economy unit at the Bank for International Settlements \u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChristine Parlour, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fhaas.berkeley.edu%2Ffaculty%2Fparlour-christine%2F&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=Qu2zcMA9C8sRawp8sco5P5m8%2Fx7CTGolHmML6NyEqNk%3D&reserved=0\"\u003ESylvan C. Coleman Chair of Finance and Accounting at Haas Business School, UC Berkeley\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDavid Birch, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.dgwbirch.com%2F&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=oCP6LWMSEZDCqCDtAHWNNP41OcCjWLG3F3M3ixzNqtM%3D&reserved=0\"\u003E15Mb Ltd, author, advisor and commentator on digital financial services\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ESheldon Mills, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.fca.org.uk%2Fabout%2Fwho-we-are%2Fexecutive-committees%23expandable969076&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=V%2BueCAgloi8hf5pqhaW376H6SHnGSRbh5JI8wLLG%2FHI%3D&reserved=0\"\u003EExecutive Director, Consumers and Competition at the Financial Conduct Authority (FCA)\u003C\u002Fa\u003E\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch3\u003E\u003Cstrong\u003EAbout the Qatar Centre \u003C\u002Fstrong\u003E\u003Cstrong\u003Efor Global Banking & \u003C\u002Fstrong\u003E\u003Cstrong\u003EFinance\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policymaking, ranging from monetary policy to financial stability and regulation.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"QCGBF Banner 1500x990","transformations":"w=780&h=515&crop=780,440,0,38","caption":"","asset":{"entryTitle":"QCGBF Banner 1500x990","entryDescription":null,"sys":{"id":"43f555b4-34d0-4a97-b419-be2607d0d166","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fqcgbf-banner-1500x990.x2b97aa5a.png?w=780&h=515&crop=780,440,0,38"}}},"thumbnail":{"altText":"","transformations":"w=780&h=515&crop=780,440,0,38","caption":"","asset":{"entryTitle":"QCGBF Banner 1500x990","entryDescription":null,"sys":{"id":"43f555b4-34d0-4a97-b419-be2607d0d166","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fqcgbf-banner-1500x990.x2b97aa5a.png?w=780&h=515&crop=780,440,0,38"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.","contactEmail1":"info@qcgbfconference.org","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":{"entryTitle":"Bush House","entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","entryThumbnail":null,"sys":{"id":"f830c5e3-ef00-4387-8948-bdd5294c035b","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Qatar Centre for Global Banking & Finance Annual Conference 2023"},{"date":{"from":"2023-03-22T15:00:00","to":"2023-03-22T16:30:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fforms.office.com\u002Fr\u002FxMRUGKBCu9","description":"Join us for this seminar exploring how climate change impacts the economy, the financial tools at our disposal, and how to enable climate-compatible growth in Africa","heroImage":null,"relatedNews":null,"title":"How climate change impacts the economy, financial tools, and climate-compatible growth in Africa","type":[{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2143220","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2143220","archived":null,"deleted":null,"createdBy":"k2143220","created":"2022-12-22T10:33:36.866617Z","versionNo":"7.0","modified":"2023-03-10T16:43:51.7254727Z","modifiedBy":"k2143220","published":"2023-03-10T16:44:42.5226678Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d1c09761-0d21-4845-8581-9456c0a6a2d4","projectId":"website","slug":"climate-change-economic-impacts","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe global economy could lose 10% of its total economic value by 2050 due to climate change, according to the 2021 report \"\u003Ca href=\"https:\u002F\u002Fwww.swissre.com\u002Fdam\u002Fjcr:e73ee7c3-7f83-4c17-a2b8-8ef23a8d3312\u002Fswiss-re-institute-expertise-publication-economics-of-climate-change.pdf\" target=\"_blank\" rel=\"noopener\"\u003EThe economics of climate change: no action not an option\u003C\u002Fa\u003E\". What exactly are the impacts of climate change on our economy? What are the financial tools at our disposal to address these? And how can we enable climate-compatible growth in Africa?\u003C\u002Fp\u003E\n\u003Cp\u003EJoin King's Sustainability for this seminar to hear about these questions and more from Hannah Getachew and Timothy Foreman. \u003C\u002Fp\u003E\n\u003Ch3\u003EHannah Getachew\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fhannah-getachew\" target=\"_blank\" rel=\"noopener\"\u003EHannah Getachew\u003C\u002Fa\u003E is a doctoral candidate at The Dickson Poon School of Law at King's College London. Hannah's research examines the climate resilience of the new African Continental Free Trade Area agreement with a view to transforming it into a tool for climate-compatible growth. She is also the founder of Green Baobab, whose mission is to prosper Africa by tackling environmental issues for the benefit of people and planet. Before this, Hannah worked for the United Nations based Africa Climate Policy Center as a climate law and policy researcher and the Ethiopian government as a climate negotiator for the highly anticipated COP21 negotiations. \u003C\u002Fp\u003E\n\u003Ch3\u003ETimothy Foreman\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Ftimothy-foreman\" target=\"_blank\" rel=\"noopener\"\u003ETim Foreman\u003C\u002Fa\u003E is a Postdoctoral Research Associate in the Qatar Centre for Global Banking and Finance at King's Business School. His research focuses on public policy issues connected to climate change and the environment. His work has studied the macroeconomic consequences of dust storms in West Africa, climate change impacts on labour supply, and the causes and consequences of environmental migration. He is currently working on projects that explain how climate shocks can propagate through the economy and how regulators can manage these risks. His research will inform central banking policy to mitigate the worst effects of climate change and transition to a carbon-free economy.\u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Full width","title":"Want to learn more?","content":"\u003Cp\u003ETake the \u003Ca href=\"https:\u002F\u002Fkeats.kcl.ac.uk\u002Fenrol\u002Findex.php?id=103497\" target=\"_blank\" rel=\"noopener\"\u003EKEATS Sustainability & Climate module\u003C\u002Fa\u003E and gain a King’s Experience Award. This open-access, interdisciplinary module on environmental, economic, and social sustainability has been co-created with students, staff, and alumni. It offers everyone, no matter their field, a broad and critical understanding of sustainability and the climate crisis. You can \u003Ca href=\"https:\u002F\u002Fkeats.kcl.ac.uk\u002Fenrol\u002Findex.php?id=103497\" target=\"_blank\" rel=\"noopener\"\u003Eenrol via this link\u003C\u002Fa\u003E.\u003C\u002Fp\u003E"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Timothy Foreman","entryDescription":"Postdoctoral Research Associate, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"40e544c8-d183-42ee-ac70-288fd8d2dd59","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Hannah Getachew","entryDescription":"PhD student","entryThumbnail":null,"sys":{"id":"327a0ac6-bb46-4361-b382-b3dc67477903","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Society","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3376166e-dba4-4824-9278-b4b710cddf81","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Research Group","entryDescription":"The Climate Finance Group is a collaboration between the Qatar Centre for Global Banking & Finance and the Departments of Mathematics and Informatics at King's.","entryThumbnail":{"altText":"","caption":"","transformations":"w=782&h=440&crop=780,440,1,0","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"sys":{"id":"a655458f-b89a-4be9-8731-b2236600f6d4","language":"en-GB","contentTypeId":"researchProject","dataFormat":"entry","uri":null}},{"entryTitle":"The Dickson Poon School of Law","entryDescription":"law","entryThumbnail":null,"sys":{"id":"4e728aa8-6786-4c2f-8757-de73431dc70a","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Edge","entryDescription":"kings-edge","entryThumbnail":null,"sys":{"id":"b37bb070-021e-4f3c-a884-29c9bdc4f7f0","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Climate Law & Governance","entryDescription":"climate-law","entryThumbnail":null,"sys":{"id":"710651ba-64af-458c-bcf5-57095ee03d82","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"City skyline picture of skyscrapers","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Economics&Finance","entryDescription":null,"sys":{"id":"26b867a7-1c32-4bba-bda7-3b1c4b8f514e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002F0Prospectus\u002Fprospectus-header-images\u002FEconomicsFinance.x7fbf909d.jpg?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Economics&Finance","entryDescription":null,"sys":{"id":"26b867a7-1c32-4bba-bda7-3b1c4b8f514e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002F0Prospectus\u002Fprospectus-header-images\u002FEconomicsFinance.x7fbf909d.jpg?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Decent work & economic growth (SDG 8)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"891c5165-9e85-4968-82b1-62a9518791d2","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Peace, justice & strong institutions (SDG 16)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d8a7cf14-b2e8-4250-bb1c-0494d8e56dc5","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"No poverty (SDG 1)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"441ab0e9-6eb3-4fd1-87fc-06b84ff00267","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Industry, innovation & infrastructure (SDG 9)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"7193621d-8c2f-404d-8683-28bce186cb1f","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Responsible consumption & production (SDG 12)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b3ff8bbd-b623-4c72-8059-ff9537ee590f","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Sustainable cities & communities (SDG 11)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ecc2020e-e5d7-43b5-9df2-021bdee00f36","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for this seminar exploring how climate change impacts the economy, the financial tools at our disposal, and how to enable climate-compatible growth in Africa","contactEmail1":"sustainability@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Sustainability seminar series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8c7a6115-1493-4776-9239-21330df96e2f","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"How climate change impacts the economy, financial tools, and climate-compatible growth in Africa"},{"date":{"from":"2023-03-22T16:45:00","to":"2023-03-22T19:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.com\u002Fe\u002Ffuture-of-the-economic-and-monetary-union-tickets-518853784637","description":"Joachim Nagel, president of Deutsche Bundesbank, surveys the current economic landscape and prospects for growth.","heroImage":null,"relatedNews":null,"title":"Future of the economic and monetary union","type":[],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-01-19T14:59:22.5723609Z","versionNo":"3.0","modified":"2023-02-28T16:14:54.509423Z","modifiedBy":"k1812479","published":"2023-02-28T16:15:58.0695734Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7e4c3466-44e5-4034-bb17-6eb634275124","projectId":"website","slug":"future-of-the-economic-and-monetary-union","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EAgainst the backdrop of major challenges facing the euro area including high inflation and tensions in the energy market, Joachim Nagel, president of the Deutsche Bundesbank, surveys the current economic landscape and prospects for growth and a resilient monetary union. Following the lecture there will be an opportunity for you to put your questions to President Nagel.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAgenda\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E16.45-17.00: Registration\u003C\u002Fp\u003E\n\u003Cp\u003E17.00-17.30: Lecture\u003C\u002Fp\u003E\n\u003Cp\u003E17.30-18.00: Q&A with audience\u003C\u002Fp\u003E\n\u003Cp\u003E18.00-19.00: Reception\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"Joachim Nagel Event","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"JoachimNagelEvent","entryDescription":null,"sys":{"id":"e86fe100-3c4b-4c4e-8ede-a92fdbd96c5a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fjoachimnagelevent.x3d579383.jpg?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"JoachimNagelEvent","entryDescription":null,"sys":{"id":"e86fe100-3c4b-4c4e-8ede-a92fdbd96c5a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fjoachimnagelevent.x3d579383.jpg?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Joachim Nagel, president of Deutsche Bundesbank, surveys the current economic landscape and prospects for growth.","contactEmail1":null,"richText":null,"room":"8th Floor","crmBookingForm":null,"series":null,"cancelled":false,"location":{"entryTitle":"Bush House","entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","entryThumbnail":null,"sys":{"id":"f830c5e3-ef00-4387-8948-bdd5294c035b","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Future of the economic and monetary union"},{"date":{"from":"2023-02-23T12:00:00","to":"2023-02-23T17:30:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.com\u002Fe\u002Fkings-climate-finance-workshop-february-2023-tickets-526520295377","description":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","heroImage":null,"relatedNews":null,"title":"Climate Finance Workshop - 23 February 2023","type":[{"entryTitle":"Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"689a91ba-44f2-41ae-bc4d-f0058224278c","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-01-27T14:37:02.1947968Z","versionNo":"8.0","modified":"2023-02-21T11:34:08.3743087Z","modifiedBy":"k1812479","published":"2023-02-21T11:34:27.5516515Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"ff5434bc-8811-41b7-b84e-a7442a754e63","projectId":"website","slug":"climate-finance-workshop-february-2023","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch3\u003E\u003Cstrong\u003EAbout the event\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EPlease join us for this workshop, which is being jointly organised by the \u003Cem\u003EQatar Centre for Global Banking and Finance\u003C\u002Fem\u003E at King’s Business School, and the \u003Cem\u003EDepartment of Mathematics\u003C\u002Fem\u003E, and the \u003Cem\u003EDepartment of Informatics\u003C\u002Fem\u003E in the \u003Cem\u003EFaculty of Natural, Mathematical & Engineering Sciences\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EThe workshop will be held in-person at the Science Gallery London and is open to all. Lunch will be served at 12.00 and the workshop will commence at 13.00.\u003C\u002Fp\u003E\n\u003Cp data-key=\"42\"\u003E\u003Cstrong data-slate-leaf=\"true\"\u003EAgenda\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp data-key=\"110\"\u003E12-1pm Lunch\u003C\u002Fp\u003E\n\u003Cp data-key=\"114\"\u003E1-2pm Research\u003C\u002Fp\u003E\n\u003Cul data-key=\"171\"\u003E\n\u003Cli data-key=\"118\"\u003EJean-Paul Renne (University of Lausanne), “\u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=3881262\"\u003EPricing Climate Linkers”\u003C\u002Fa\u003E (with Pauline Chikhani)\u003C\u002Fli\u003E\n\u003Cli data-key=\"122\"\u003EMarc Lepere (King's College London), Update on King’s interdisciplinary work on measuring CO2e emissions.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp data-key=\"128\"\u003E2-3:30pm Climate risk metrics\u003C\u002Fp\u003E\n\u003Cul data-key=\"190\"\u003E\n\u003Cli data-key=\"132\"\u003EJoseph Noss, Senior Director, Financial Services, (WTW Climate and Resilience Hub), “Measuring climate transition risk: what metric for what purpose?”\u003C\u002Fli\u003E\n\u003Cli data-key=\"134\"\u003E\n\u003Cp\u003EMaryse Gordon, Partnerships and Business Development Manage (RepRisk), \"Leveraging ESG risk data\"\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli data-key=\"138\"\u003EChiwuike Nwokenna, Head of Analytics (Low Carbon Contracts Company), \"Quantifying LCCC’s contribution to UK emission reductions\"\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp data-key=\"144\"\u003E3:30-4pm Coffee\u003C\u002Fp\u003E\n\u003Cp data-key=\"148\"\u003E4-5pm Policy\u003C\u002Fp\u003E\n\u003Cul data-key=\"191\"\u003E\n\u003Cli data-key=\"152\"\u003EDavid Carlin (UNEP-FI), “Short-term climate scenarios and their potential economic implications”\u003C\u002Fli\u003E\n\u003Cli data-key=\"154\"\u003EYasmin Raza (FCA)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp data-key=\"160\"\u003E5-6pm Emissions Trading System (ETS) Markets\u003C\u002Fp\u003E\n\u003Cul data-key=\"192\" data-slate-fragment=\"%7B%22object%22%3A%22document%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%22className%22%3Anull%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22A%EF%BB%BFgenda%22%2C%22marks%22%3A%5B%7B%22object%22%3A%22mark%22%2C%22type%22%3A%22bold%22%2C%22data%22%3A%7B%7D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%2212-1pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20Lunch%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%221-2pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20Research%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22Jean-Paul%20Renne%20(University%20of%20Lausanne)%2C%20%E2%80%9CPricing%20Climate%20Linkers%E2%80%9D%20(with%20Pauline%20Chikhani).%5Cr%20%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%2C%7B%22object%22%3A%22inline%22%2C%22type%22%3A%22link%22%2C%22data%22%3A%7B%22href%22%3A%22https%3A%2F%2Fpapers.ssrn.com%2Fsol3%2Fpapers.cfm%3Fabstract_id%3D3881262%22%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22https%3A%2F%2Fpapers.ssrn.com%2Fsol3%2Fpapers.cfm%3Fabstract_id%3D3881262%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrMarc%20Lepere%20(King's%20College%20London)%2C%20Update%20on%20King%E2%80%99s%20interdisciplinary%20work%20on%20measuring%20CO2e%20emissions.%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%222-3%3A30pm%20%20%20%20%20%20%20%20%20%20%20Climate%20analytics%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22Joseph%20Noss%20(WTW%20Climate%20and%20Resilience%20Hub)%2C%20%E2%80%9CTools%20for%20measuring%20transition%20risk%E2%80%9D%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrMaryse%20Gordon%20(Reprisk)%20%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrSpeaker%20from%20the%20Low%20Carbon%20Contracts%20Company%20-%20TBC%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%223%3A30-4pm%20%20%20%20%20%20%20%20%20%20%20Coffee%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%224-5pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20Policy%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22David%20Carlin%20(UNEP-FI)%2C%20%E2%80%9CShort-term%20climate%20scenarios%20and%20their%20potential%20economic%20implications%E2%80%9D%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrYasmin%20Raza%20(FCA)%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%225-6pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20Emissions%20Trading%20System%20(ETS)%20Markets%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22Jostein%20Kristensen%20(Oxera)%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrLuca%20Taschini%20(Edinburgh%20Business%20School)%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%5D%7D\"\u003E\n\u003Cli data-key=\"164\"\u003EJostein Kristensen (Oxera)\u003C\u002Fli\u003E\n\u003Cli data-key=\"166\"\u003ELuca Taschini (Edinburgh Business School)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Teemu Pennanen","entryDescription":"Professor in Financial Mathematics","entryThumbnail":null,"sys":{"id":"21295ef7-91e3-484e-8376-14dc43b393aa","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Carmine Ventre","entryDescription":" Interim Head of the Department of Informatics","entryThumbnail":null,"sys":{"id":"993a1165-3bcb-4a07-b975-667d91ab32df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Mathematics","entryDescription":"mathematics","entryThumbnail":null,"sys":{"id":"45ab5da6-f693-4a37-8020-cea6a46b5e11","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Informatics","entryDescription":"informatics","entryThumbnail":null,"sys":{"id":"8e2180f6-affe-461e-a481-6a99209559a6","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Department of International Development","entryDescription":"did","entryThumbnail":null,"sys":{"id":"7dc20e6d-7989-4157-b423-33a765009a55","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"Feb2023ClimateWorkshopforWebsite","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Feb2023ClimateWorkshopforWebsite","entryDescription":null,"sys":{"id":"321010d9-4f5c-4c2c-8a08-dc6b94bdd966","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002FFeb2023ClimateWorkshopforWebsite.x471b153b.jpg?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Feb2023ClimateWorkshopforWebsite","entryDescription":null,"sys":{"id":"321010d9-4f5c-4c2c-8a08-dc6b94bdd966","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002FFeb2023ClimateWorkshopforWebsite.x471b153b.jpg?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Climate & Sustainability Month February 2023","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9b9468a5-8173-45df-8399-8ee21eb76cc7","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Climate Finance Workshop - 23 February 2023"},{"date":{"from":"2023-09-28T09:15:00","to":"2023-09-29T17:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.com\u002Fe\u002Fthe-research-handbook-of-macroprudential-policy-conference-tickets-680024330077","description":"This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past decade.","heroImage":null,"relatedNews":null,"title":"The Research Handbook of Macroprudential Policy Conference","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-07-17T14:05:19.8513319Z","versionNo":"9.0","modified":"2023-09-26T08:15:49.0204601Z","modifiedBy":"k2364112","published":"2023-09-26T08:16:07.5809824Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"79e80ea4-ed30-4c48-9211-37d131401b6c","projectId":"website","slug":"research-handbook-macroprudential-policy-conference-2023","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe purpose of this conference is to bring together leading academics and policymakers working in the area of macroprudential policy, with a view to both taking stock of the progress that has been made in building the policy framework over the past decade, while also identifying gaps and priority areas for further policy development and research.\u003C\u002Fp\u003E\n\u003Cp\u003EThe conference is organised by Professor Prasanna Gai (University of Auckland) and Professor David Aikman (King’s Business School).\u003C\u002Fp\u003E\n\u003Cp\u003EWe will be publishing the proceedings of the event in a new \u003Cem\u003EResearch Handbook of Macroprudential Policy\u003C\u002Fem\u003E, to be published by Elgar. Sir Paul Tucker has agreed to write a foreword for the book.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch2\u003EDay 1 Agenda\u003C\u002Fh2\u003E\n\u003Ctable style=\"border-collapse: collapse; width: 99.9572%;\" border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E9.15 - 9.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003EWelcome address from Professor Prasanna Gai and Professor David Aikman\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E9.30 - 10.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EKeynote address\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAtif Mian (Princeton University)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E10.30 - 11.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E11.00 - 12.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EThe objectives of macroprudential policy\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ENina Boyarchenko (New York Federal Reserve) “GDP-at-Risk”\u003C\u002Fp\u003E\n\u003Cp\u003ERichard Barwell (BNP-Paribas) “The macroprudential loss function”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E12.00 - 13.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E13.00 - 15.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EExperience from using macroprudential tools I\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EFergal McCann (Central Bank of Ireland) “The effects of mortgage debt limits”\u003C\u002Fp\u003E\n\u003Cp\u003EJohn Muellbauer (University of Oxford) “Macroprudential policy and house prices”\u003C\u002Fp\u003E\n\u003Cp\u003EMathias Drehmann (BIS), Mikael Juselius (Bank of Finland) “Debt service ratios and debt sustainability”\u003C\u002Fp\u003E\n\u003Cp\u003ERyan Banerjee (BIS) “Governance of macroprudential housing tools”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.00 - 15.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.30 - 17.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EExperience from using macroprudential tools II\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EErlend Nier (IMF) “International experience of macroprudential tool efficacy”\u003C\u002Fp\u003E\n\u003Cp\u003EFrederic Malherbe (University College London) “Bank capital requirements”\u003C\u002Fp\u003E\n\u003Cp\u003EMargaret Davenport (King's College London), Tomasz Wieladek (T. Price Rowe), and Filipa Sa (King's College London) “Capital flow measures”\u003C\u002Fp\u003E\n\u003Cp\u003EKyeongtae Lee (Bank of Korea) \"Causes and Consequences of High Household Indebtedness: A Narrative Approach\"\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E\u003Cem\u003ESchedule subject to change.\u003C\u002Fem\u003E\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch2\u003EDay 2 Agenda\u003C\u002Fh2\u003E\n\u003Ctable style=\"border-collapse: collapse; width: 99.9572%;\" border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E9.00 - 10.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EKeynote address\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EStephen Cecchetti (Brandeis University)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E10.00 - 10.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E10.30 - 12.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EAdvances in modelling macroprudential policy\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EKartik Anand and Philipp König (Bundesbank) “Bank runs and global games”\u003C\u002Fp\u003E\n\u003Cp\u003EDaisuke Ikeda (Bank of Japan) “Macroprudential policy in dynamic general equilibrium”\u003C\u002Fp\u003E\n\u003Cp\u003EGrzegorz Halaj (European Central Bank) “Stress testing models”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E12.00 - 13.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E13.00 - 15.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EFrontier issues I\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EGuillaume Plantin (University of Toulouse) “Macroprudential policy and shadow banking”\u003C\u002Fp\u003E\n\u003Cp\u003EPippa Lowe, Rachele Negro and Quynh-Anh Vo (Bank of England) “Non-bank financial institutions: mapping the landscope and its fault-lines”\u003C\u002Fp\u003E\n\u003Cp\u003EMargherita Giuzio , Sujit Kapadia , Christoph Kaufmann , Manuela Storz and Christian Weistroffer (European Central Bank) “Macroprudential policy, monetary policy and non-bank financial intermediation”\u003C\u002Fp\u003E\n\u003Cp\u003ENathan Foley-Fisher and Stefan Verani (Federal Reserve board) “US life insurers and systemic risk”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.00 - 15.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.30 - 17.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EFrontier issues II\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EJing Yang (Bank of Canada) “Macroprudential policy and monetary policy”\u003C\u002Fp\u003E\n\u003Cp\u003EJose-Luis Peydro (Imperial College London) “The distributional effects of macroprudential policies\"\u003Cbr \u002F\u003E\u003Cbr \u002F\u003EToan Phan (Richmond Federal Reserve) “Financial Implications of Physical Climate Risks”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E17.00 - 17.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003EClosing remarks from Professor Prasanna Gai and Professor David Aikman\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E\u003Cem\u003ESchedule subject to change.\u003C\u002Fem\u003E\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch2\u003EKeynotes\u003C\u002Fh2\u003E\n\u003Cp\u003E\u003Cstrong\u003EProfessor Atif Mian (Princeton University)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fjrc.princeton.edu\u002Fpeople\u002Fatif-mian\"\u003EAtif Mian\u003C\u002Fa\u003E is John H Laporte, Jr Class of 1967 Professor of Economics, Public Policy and Finance at Princeton University. He studies the connections between finance and the macro economy. His book, \u003Cem\u003EHouse of Debt \u003C\u002Fem\u003E(co-authored with Amir Sufi) builds upon powerful new data to describe how debt precipitated the Great Recession, why debt continues to threaten the global economy and the policy implications of fixing the financial system.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EProfessor Stephen Cecchetti (Brandeis University)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.brandeis.edu\u002Ffacultyguide\u002Fperson.html?emplid=f455723cd16360a2dcb19824bad9c94385f1dbfa\"\u003EStephen G Cecchetti \u003C\u002Fa\u003Eis the Rosen Chair in International Finance at the Brandeis International Business School. During his time at the Bank for International Settlements (2008-2013), Cecchetti participated in the Basel Committee on Banking Supervision and the Financial Stability Board post-crisis global regulatory reform initiatives to establish new international standards for ensuring financial stability.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Filipa Sà","entryDescription":"Reader in Applied Economics","entryThumbnail":null,"sys":{"id":"38f1a29d-3c82-4f7e-97d8-8a275bb494a8","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Margaret Davenport","entryDescription":"Lecturer in Economics","entryThumbnail":null,"sys":{"id":"f2dbe3c2-44d0-40e9-aaa3-5a002bbd59fa","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"Angled Image of the Bank of England","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"Angled Image of the Bank of England","entryDescription":null,"sys":{"id":"ac09111b-928d-4f8f-9db4-f26a5e7ebbf5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fangled-image-of-the-bank-of-england.x1fb3d9ad.png?crop=780,440,0,5"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"Angled Image of the Bank of England","entryDescription":null,"sys":{"id":"ac09111b-928d-4f8f-9db4-f26a5e7ebbf5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fangled-image-of-the-bank-of-england.x1fb3d9ad.png?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past decade.","contactEmail1":null,"richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"The Research Handbook of Macroprudential Policy Conference"},{"date":{"from":"2023-12-06T11:30:00","to":"2023-12-06T12:30:00"},"entryThumbnail":null,"regions":[{"entryTitle":"Middle East","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b26ff95a-77e0-4abb-9d97-dac2ca15c0eb","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"link":"https:\u002F\u002Fwww.cop-28.org\u002Fccl-roundtables-1\u002Fmobilize-capital-invest-decarbonization-technologies-towards-net-zero","description":"This roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets","heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"COP28","entryDescription":null,"sys":{"id":"7ba0d2c0-07e1-4bce-b16c-8509e27b4843","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002Fcop28.xd68b7a49.jpg"}}},"relatedNews":null,"title":"How to mobilize capital to invest in decarbonization technologies towards net zero","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2024-01-23T12:12:40.9663733Z","versionNo":"2.0","modified":"2024-01-23T14:06:57.9623931Z","modifiedBy":"k1812479","published":"2024-01-23T14:07:15.9694233Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d5405017-4354-4546-be3b-be4e5845c87f","projectId":"website","slug":"how-to-mobilize-capital-to-invest-in-decarbonization-technologies-towards-net-zero","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E \u003Cstrong\u003ELocation: \u003C\u002Fstrong\u003EThe Climate Challenge Lab Room, the Climate Action Arena, Madinat Jumeirah Conference Centre, Dubai \u003C\u002Fp\u003E\n\u003Cp\u003EThis roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets, and will focus on transition finance including how to scale up the blended finance solutions required. There will be a particular focus on the relationship between the UK and Asia. The discussion will address how to leverage different forms of financing, barriers to overcome and the role of policy and regulation.\u003C\u002Fp\u003E\n\u003Cp\u003EThe discussion will be chaired by Prof. David Aikman, Director of the Qatar Centre for Global Banking & Finance at King’s College and confirmed speakers include: Dr Mukund Rajan, Chairperson of ECube Investment Advisors, Ecube India; Amit Puri, Global Head Sustainable Finance, Standard Chartered Bank; and Luanne Sieh, Chief Sustainability Officer, CIMB.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"Panel Speaking at QCGBF Event at COP 28","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Panel Speaking at QCGBF Event at COP 28","entryDescription":null,"sys":{"id":"aa6b57bd-28bc-4e59-badc-80f55281c9a6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fpanel-speaking-at-qcgbf-event-at-cop-28.x23728eab.jpg?w=780&h=520&crop=780,440,0,40"}}},"thumbnail":{"altText":"","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Panel Speaking at QCGBF Event at COP 28","entryDescription":null,"sys":{"id":"aa6b57bd-28bc-4e59-badc-80f55281c9a6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fpanel-speaking-at-qcgbf-event-at-cop-28.x23728eab.jpg?w=780&h=520&crop=780,440,0,40"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"This roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"How to mobilize capital to invest in decarbonization technologies towards net zero"},{"date":{"from":"2024-02-08T12:00:00","to":"2024-02-08T18:00:00"},"entryThumbnail":null,"regions":[],"link":null,"description":"In-person workshop on Climate Finance - open to all.","heroImage":null,"relatedNews":null,"title":"Climate Finance Workshop - 8 February 2024","type":[{"entryTitle":"Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"689a91ba-44f2-41ae-bc4d-f0058224278c","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2365585","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2365585","archived":null,"deleted":null,"createdBy":"k2365585","created":"2024-01-16T10:41:44.5496152Z","versionNo":"19.0","modified":"2024-02-06T09:36:17.3913591Z","modifiedBy":"k2365585","published":"2024-02-06T09:36:32.0284484Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"67d20c00-1d69-490a-b201-aad4a6cb51f5","projectId":"website","slug":"climate-finance-workshop-8-february-2024","properties":{}},"richText1":null,"content":[{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003EPlease join us for this workshop, which is being jointly organised by the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EQatar Centre for Global Banking and Finance\u003C\u002Fem\u003E\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\" target=\"_blank\" rel=\"noopener\"\u003EKing’s Business School\u003C\u002Fa\u003E, and the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fmathematics\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EDepartment of Mathematics\u003C\u002Fem\u003E\u003C\u002Fa\u003E, and the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Finformatics\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EDepartment of Informatics\u003C\u002Fem\u003E\u003C\u002Fa\u003E in the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EFaculty of Natural, Mathematical & Engineering Sciences\u003C\u002Fem\u003E\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EThe workshop will be held in-person at the Science Gallery London and is open to all. Lunch will be served at 12.00 and the workshop will commence at 13.00.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ctable style=\"border-collapse: collapse; width: 100%;\" border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E\u003Cstrong\u003ETime\u003C\u002Fstrong\u003E\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\u003Cstrong\u003ESession\u003C\u002Fstrong\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E12 - 1 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E1 - 2 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EGreen Sentiment\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EMarie Brière, Amundi Asset Managemt + Université Libre de Bruxelles + Paris Dauphine PSL University\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ETiming Matters: Dynamic Green Transition and Green Disclosure \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EJan Starmans, Stockholm School of Economics\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E2 - 3 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EUnlocking innovation for net zero: Constraints, enablers, and firm-level transition strategies \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EJonatan Pinkse, King's Business School - Centre for Sustainable Business\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDevelopments in the SLL market \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EEmily Farrimond, Baringa\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E3 - 3.30 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E3.30 - 4.30 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EEnergy markets, Renewables and Batteries \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EMohand Abdat, Verso Energy \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EMarkets, metals and melting points: extracting expectations of global warming from commodity market\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EJoseph Noss, King's Business School - Qatar Centre for Global Banking & Finance\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E4.30 - 6 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EClimate Finance \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EHarry Boyd-Carpenter, European Bank for Reconstruction and Development (EBRD) \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe Emerging Endgame: The EU ETS on the Road Towards Climate Neutrality \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EMichael Pahle, Postdam Institute For Climate Impact Research \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDriving the energy transition to decarbonise\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EPaul Butterworth, CRU Group\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jonatan Pinkse","entryDescription":"Research Director, Centre for Sustainable Business ","entryThumbnail":null,"sys":{"id":"301ac28c-4719-4e75-a8d1-066f7deb7ea2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Informatics","entryDescription":"informatics","entryThumbnail":null,"sys":{"id":"8e2180f6-affe-461e-a481-6a99209559a6","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Mathematics","entryDescription":"mathematics","entryThumbnail":null,"sys":{"id":"45ab5da6-f693-4a37-8020-cea6a46b5e11","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Research Group","entryDescription":"The Climate Finance Group is a collaboration between the Qatar Centre for Global Banking & Finance and the Departments of Mathematics and Informatics at King's.","entryThumbnail":{"altText":"","caption":"","transformations":"w=782&h=440&crop=780,440,1,0","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"sys":{"id":"a655458f-b89a-4be9-8731-b2236600f6d4","language":"en-GB","contentTypeId":"researchProject","dataFormat":"entry","uri":null}}],"image":{"altText":"Climate finance group qcgbf","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In-person workshop on Climate Finance - open to all.","contactEmail1":"kbseventsteam@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":{"entryTitle":"Climate Finance Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0fdf0290-f471-4835-9756-632d6a85a965","language":"en-GB","contentTypeId":"crmForm","dataFormat":"entry","uri":null}},"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Event Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4b17a4a0-cda8-4a6e-a6bf-bb6e0a16a957","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Climate Finance Workshop - 8 February 2024"},{"date":{"from":"2024-07-01T08:00:00","to":"2024-07-02T19:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.qcgbfconference.org\u002F","description":"Expand your network by meeting top policymakers and researchers as experts from across the globe present and discuss new research on central banks, global economies, and financial systems","heroImage":null,"relatedNews":null,"title":"Qatar Centre for Global Banking & Finance Annual Conference 2024","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2024-01-17T11:37:17.1970732Z","versionNo":"1.0","modified":"2024-01-17T11:37:17.1970732Z","modifiedBy":"k1812479","published":"2024-01-17T11:37:47.1013817Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b44cc00f-61ea-49f2-a4c3-aca4d99692af","projectId":"website","slug":"qatar-centre-for-global-banking-finance-annual-conference-2024","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EExpand your network by meeting top policymakers and researchers as experts from across the globe present and discuss new research on central banks, global economies, and financial systems.\u003C\u002Fp\u003E\n\u003Cp\u003EMore information TBA.\u003C\u002Fp\u003E\n\u003Ch3\u003EKeynote Speakers\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ESarah Breeden, Deputy Governor, Financial Stability at the Bank of England\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ESarah Breeden is Deputy Governor for Financial Stability at the Bank of England. She is a member of the Monetary Policy Committee, Financial Policy Committee, Prudential Regulation Committee and the Bank’s Court of Directors. Sarah also leads the Bank of England’s work on climate change, domestically and internationally, a role she has held since 2016.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EGauti Eggertsson, Professor of Economics and Director Orlando Bravo Centre for Economic Research at Brown University\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EGauti B Eggertsson is a macroeconomist and a Professor of Economics at Brown University Economics Department. He received his PhD in Economics from Princeton University in 2004, after having completed his BS in economics from the University of Iceland. He has worked at Research Departments of the International Monetary Fund and the Federal Reserve Bank of New York.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"QCGBF Banner 1500x900","transformations":"w=780&h=468&crop=780,440,0,14","caption":"","asset":{"entryTitle":"QCGBF Banner 1500x900","entryDescription":null,"sys":{"id":"4ccfa555-debe-4a84-904d-765c4782a224","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fmisc-business-pics\u002Fqcgbf-banner-1500x900.xe0dcad3a.png?w=780&h=468&crop=780,440,0,14"}}},"thumbnail":{"altText":"","transformations":"w=780&h=468&crop=780,440,0,14","caption":"","asset":{"entryTitle":"QCGBF Banner 1500x900","entryDescription":null,"sys":{"id":"4ccfa555-debe-4a84-904d-765c4782a224","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fmisc-business-pics\u002Fqcgbf-banner-1500x900.xe0dcad3a.png?w=780&h=468&crop=780,440,0,14"}}},"contactTelephone":"020 7836 5454","languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Expand your network by meeting top policymakers and researchers as experts from across the globe present and discuss new research on central banks, global economies, and financial systems","contactEmail1":null,"richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":{"entryTitle":"Bush House","entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","entryThumbnail":null,"sys":{"id":"f830c5e3-ef00-4387-8948-bdd5294c035b","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Qatar Centre for Global Banking & Finance Annual Conference 2024"},{"date":{"from":"2024-02-29T18:00:00","to":"2024-02-29T21:30:00"},"entryThumbnail":null,"regions":[{"entryTitle":"Middle East","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b26ff95a-77e0-4abb-9d97-dac2ca15c0eb","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"link":"https:\u002F\u002Fwww.eventbrite.co.uk\u002Fe\u002Fthe-great-debate-the-role-of-central-banks-in-the-green-transition-tickets-827318621267?aff=oddtdtcreator","description":"Get ready for the ultimate battle of brains and innovation as six student teams go head-to-head in a high-stakes debate.","heroImage":null,"relatedNews":null,"title":"The Great Debate - The role of central banks in the green transition","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-03-06T10:16:19.2006644Z","versionNo":"4.0","modified":"2024-03-06T11:00:12.9023904Z","modifiedBy":"k2364112","published":"2024-03-06T11:00:28.317639Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"50974039-6e7c-499c-b448-99eaa5eddc7d","projectId":"website","slug":"the-great-debate-the-role-of-central-banks-in-the-green-transition","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E \u003Cstrong\u003ELocation: \u003C\u002Fstrong\u003EDe Vere Grand Connaught Rooms,\u003Cstrong\u003E \u003C\u002Fstrong\u003E61-65 Great Queens St, London, WC2B 5DA \u003C\u002Fp\u003E\n\u003Cp\u003EGet ready for an evening of intellectual rigor and innovation as six student teams go head-to-head in a high-stakes debate at the prestigious De Vere Grand Connaught Rooms.\u003C\u002Fp\u003E\n\u003Cp\u003EThis event will follow a ‘model UN’ format that will see teams role-playing as different financial bodies debating the role of central banks in the green transition.\u003C\u002Fp\u003E\n\u003Cp\u003ESponsored by the Qatar Centre for Global Banking & Finance, join us for an electrifying evening on February 29, 2024, as these students unleash their ingenious solutions to combat climate change and propel the green transition forward.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EJudging Panel\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ETheresa Lober (Head of Climate Project Team at Bank of England)\u003C\u002Fli\u003E\n\u003Cli\u003EProfessor Gulcin Ozkan (Professor of Finance, KBS)\u003C\u002Fli\u003E\n\u003Cli\u003EProfessor Luca Taschini (Chair of Climate Change Finance, University of Edinburgh)\u003C\u002Fli\u003E\n\u003Cli\u003EVioleta Fernández (Cabinet Member of Member of European Parliament, Eva Poptcheva)\u003C\u002Fli\u003E\n\u003Cli\u003EDavid Carlin - (Head of Climate Risk, United Nations Environment Programme Finance Initiative)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EWith a panel of esteemed experts as judges, this promises to be a showdown you won't want to miss.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBut the excitement doesn't end there – following the debate, engage in an interactive networking session. This is your chance to connect with the participants, judges, alumni, fellow students, and staff present, fostering meaningful connections.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBe part of the action, network with like-minded peers, and witness the future leaders of sustainability in action.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFood and drinks will be provided.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"globes","transformations":"w=780&h=499&crop=780,440,0,30","caption":"","asset":{"entryTitle":"globes","entryDescription":null,"sys":{"id":"3f0f3a2b-6c9f-4699-ba90-ae64fe8d65bc","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FAboutsection\u002Fglobes.x77ded0b6.jpg?w=780&h=499&crop=780,440,0,30"}}},"thumbnail":{"altText":"","transformations":"w=880&h=440&crop=780,440,50,0","caption":"","asset":{"entryTitle":"Great Debate","entryDescription":null,"sys":{"id":"c7ca496f-f8ce-4a2c-b613-894ef27068cb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fgreat-debate.x6c8c5603.jpg?w=880&h=440&crop=780,440,50,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[{"type":"image","value":{"altText":"debate","transformations":null,"caption":"","asset":{"entryTitle":"debate","entryDescription":null,"sys":{"id":"1e70fdb2-8ad4-4eef-a71e-c8ba768d5031","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FKingsworldwide\u002Fdebate.x39e5c4ff.jpg"}}}}],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Get ready for the ultimate battle of brains and innovation as six student teams go head-to-head in a high-stakes debate.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"The Great Debate - The role of central banks in the green transition"},{"date":{"from":"2024-03-28T10:00:00","to":"2024-03-28T18:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.co.uk\u002Fe\u002Fthe-great-debate-the-role-of-central-banks-in-the-green-transition-tickets-827318621267?aff=oddtdtcreator","description":"Event that focuses on the future of finance.","heroImage":null,"relatedNews":null,"title":"Digital Money Symposium","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-04-04T09:58:13.0659046Z","versionNo":"1.0","modified":"2024-04-04T10:09:44.4086889Z","modifiedBy":"k2364112","published":"2024-04-04T10:10:10.2703422Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4a15d486-0892-4f07-9e89-048d8a184bb2","projectId":"website","slug":"digital-money-symposium","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAgenda\u003C\u002Fh2\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E9:30 AM - 10:00 AM\u003C\u002Fp\u003E\n\u003Cp\u003EArrival and registration\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E10:00 AM - 10:15 AM\u003C\u002Fp\u003E\n\u003Cp\u003EWelcome\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E10:15 AM - 11:00 AM\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EConcepts of money – theoretical paradigms\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Dr Rhys Bidder (KBS\u002FQCGBF)\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Cp\u003ESpeakers: Jonathan Chiu (Bank of Canada), Dirk Niepelt (University of Bern), Jean Barthelemy (Banque de France), Francesca Carapella (Federal Reserve - Board of Governors)\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E11:00 AM - 11:45 AM\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ENuts and bolts – technical paradigms\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Nilixa Devlukia (Payments Solved)\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Cp\u003ESpeakers: Oliver Carew (EY), Rhomaios Ram (Fnality), Wolfgang Berger (IBM), TBC. (Banca d’Italia)\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E11:45 AM - 12:00 PM\u003C\u002Fp\u003E\n\u003Cp\u003ECoffee\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E12:00 PM - 12:30 PM\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFireside chat: Challenges for practitioners and policymakers\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EInterviewer: Jannah Patchay (Digital Pound Foundation)\u003C\u002Fp\u003E\n\u003Cp\u003EInterviewee: Ruth Wandhofer (Bayes Business School)\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E12:30 PM - 1:30 PM\u003C\u002Fp\u003E\n\u003Cp\u003ELunch\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E1:30 PM - 2:15 PM\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPrivacy\u002FConfidentiality vs Security\u002FAML\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Rhys Bidder (KBS\u002FQCGBF)\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Cp\u003ESpeakers: David Birch (15mb), David Carlisle (Elliptic), Chaitanya Konda (Fireblocks), Victoria McLoughlin (FCA)\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E2:15 PM - 3:00 PM\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBringing stablecoins to life\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Ijeoma Okoli (Digital Economy Institute)\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Cp\u003ESpeakers: Andrew O’Neil (S&P), Teana Baker-Taylor (CryptoUK), Anneke Kosse (BIS), Jon Egilsson (Monerium)\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E3:00 PM - 3:30 PM\u003C\u002Fp\u003E\n\u003Cp\u003ECoffee\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E3:45 PM - 4:30 PM\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EStablecoin vs tokenized deposits vs CBDC\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Jack Meaning (Barclays)\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Cp\u003ESpeakers: Varun Paul (Fireblocks), Michael Lee (Federal Reserve Bank of New York), Masaki Bessho (Bank of Japan), Eva Lawrence (Figment)\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E4:30 PM - 5:15 PM\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFireside chat: Digital money – how does it fit into the future of finance?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EInterviewer: Ian Taylor (KPMG\u002FCryptoUK)\u003C\u002Fp\u003E\n\u003Cp\u003EInterviewee: Basak Toprak (JP Morgan)\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E5:15 PM - 5:30 PM\u003C\u002Fp\u003E\n\u003Cp\u003ESummary and thanks\u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E \u003C\u002Fp\u003E\n\u003Cp data-testid=\"preview-slot__time\"\u003E5:45 PM - 8:00 PM\u003C\u002Fp\u003E\n\u003Cp\u003EDrinks Reception\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"Digital health","transformations":"w=1501&h=440&crop=780,440,361,0","caption":"","asset":{"entryTitle":"Digital health","entryDescription":null,"sys":{"id":"0b763e18-2d4a-463f-b3a6-9977d66d0cec","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsustainabilty\u002Fdigital-health.xaf749d06.png?w=1501&h=440&crop=780,440,361,0"}}},"thumbnail":{"altText":"","transformations":"w=1501&h=440&crop=780,440,361,0","caption":"","asset":{"entryTitle":"Digital health","entryDescription":null,"sys":{"id":"0b763e18-2d4a-463f-b3a6-9977d66d0cec","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsustainabilty\u002Fdigital-health.xaf749d06.png?w=1501&h=440&crop=780,440,361,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[{"type":"image","value":{"altText":"debate","transformations":null,"caption":"","asset":{"entryTitle":"debate","entryDescription":null,"sys":{"id":"1e70fdb2-8ad4-4eef-a71e-c8ba768d5031","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FKingsworldwide\u002Fdebate.x39e5c4ff.jpg"}}}}],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Event that focuses on the future of finance.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"Digital Money Symposium"}],"categories":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"banking and finance 3","entryDescription":null,"sys":{"id":"0979d982-de6d-49ec-93d7-bbfbfc794a1f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-3.x3304abe1.jpg"}}},"searchTerm":"business-and-finance","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"business_hero-1903x558","entryDescription":null,"sys":{"id":"01b48744-33ee-4adc-8d1d-dfc55527befd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fbusiness-hero-1903x558.x03d660e2.jpg"}}},"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1466286","created":"2018-01-24T13:31:15.1856338Z","versionNo":"4.0","modified":"2019-10-25T15:23:50.4131795Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:51.3194433Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","projectId":"website","slug":"business-finance-1","properties":{}},"title":"Business & Finance","entryTitle":"Business & Finance","research":true}],"publicationsText":"\u003Ch3\u003EWorking Papers Series\u003C\u002Fh3\u003E\n\u003Ch4\u003E2024\u003C\u002Fh4\u003E\n\u003Cp\u003EBlasberg. A, Kiesel.R, Taschini.L (2024) \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002F\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fblasberg-and-kiesel-and-taschini-2024-carbon-default-swap-disentangling-the-exposure-to-carbon-risk-through-cds-all-3.pdf\"\u003ECarbon Default Swap – Disentangling the Exposure to Carbon Risk Through CDS\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2024\u002F3\u003C\u002Fp\u003E\n\u003Cp\u003EGemayel. R (2024), \u003Ca href=\"https:\u002F\u002Fauthors.elsevier.com\u002Fa\u002F1iOVu3j1Yq2ucM\"\u003EHerding in the cryptocurrency market: A transaction-level analysis\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2024\u002F1\u003C\u002Fp\u003E\n\u003Cp\u003EBenmir.G, Roman.J, Taschini.L (2024), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fweitzman-meets-taylor-eu-allowances-futures-price-drivers-and-carbon-cap-rules.pdf\"\u003EWeitzman Meets Taylor: EU Allowances Futures Price Drivers and Carbon Cap Rules\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2024\u002F2\u003C\u002Fp\u003E\n\u003Ch4\u003E2023\u003C\u002Fh4\u003E\n\u003Cp\u003EBidder. R (2023), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fdebt-flexibility.pdf\"\u003EDebt Flexibility\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2023\u002F3\u003C\u002Fp\u003E\n\u003Cp\u003EBidder. R (2023), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fwhose-asset-sales-matter.pdf\"\u003EWhose asset sales matter?\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2023\u002F2\u003C\u002Fp\u003E\n\u003Cp\u003EWieladek, T. (2023) \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fdoes-qe-generate-more-inflation-than-conventional-monetary-policy.pdf\"\u003EDoes QE generate more information than conventional monetary policy?\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2023\u002F1\u003C\u002Fp\u003E\n\u003Ch4\u003E2022\u003C\u002Fh4\u003E\n\u003Cp\u003EBidder. R (2022), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fwholesale-central-bank-digital-currency-a-survey-and-analysis-of-central-bank-pilot-exercises.pdf\"\u003EWholesale Central Bank Digital Currency: A survey and analysis of central bank pilot exercises\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2022\u002F2\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, D., Drehmann, M., Juselius, M., and Xing, X. (2022) \u003Ca title=\"The scarring effects of deep contractions\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-scarring-effects-of-deep-contractions.pdf\"\u003EThe scarring effects of deep contractions\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2022\u002F1\u003C\u002Fp\u003E\n\u003Ch4\u003E2021\u003C\u002Fh4\u003E\n\u003Cp\u003EAikman, D. (2021) \u003Ca title=\"the-objectives-of-macroprudential-mortgages-measures-wp-version\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf\"\u003EThe objectives of macroprudential mortgage measures: an exploration\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2021\u002F2\u003C\u002Fp\u003E\n\u003Cp\u003EChronopoulos, I., Giraitis, L., and Kapetanios, G. (2021) \u003Ca title=\"choosing-between-persistent-and-stationary-volatility-working-paper1\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fchoosing-between-persistent-and-stationary-volatility-working-paper1.pdf\"\u003EChoosing between persistent and stationary volatility\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2021\u002F1\u003C\u002Fp\u003E\n\u003Ch3\u003EBlog\u002FCommentary\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Ffinancial-stability-policy-what-issues-should-sarah-breeden-prioritise\u002F\"\u003EFinancial stability policy: What issues should Sarah Breeden prioritise?\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fdont-ask-dont-get-the-limits-of-the-fpcs-power-of-recommendation\u002F\"\u003EDon’t ask, Don’t get: the limits of the FPC’s power of recommendation\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-apparent-reluctance-to-use-resolution-powers-for-big-banks\u002F\"\u003EThe apparent reluctance to use resolution powers for big banks\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fa-pawnbroker-for-all-seasons-pfas-lessons-learned-from-the-failure-of-silicon-valley-bank\u002F\"\u003EThe pawnbroker for all seasons – an expensive and excessive solution to liquidity risk management in the banking system\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthree-sets-of-questions-for-the-fpc-ahead-of-its-july-fsr\u002F\"\u003EThree sets of questions for the FPC ahead of its July FSR\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EMacroprudential Matters\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThis website, run by the Centre, contains blog articles by prominent thought-leaders on macroprudential policy and financial stability.\u003Ca href=\"http:\u002F\u002Fwww.macroprudentialmatters.com\"\u003E Read the articles on the Macroprudental Matters Blog.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003EAnnual Reports\u003C\u002Fh3\u003E\n\u003Cp\u003EView the annual reports from the Qatar Centre for Global Banking and Finance\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqatar-centre-for-global-banking-and-finance-2019-20-annual-report.pdf\"\u003EQatar Centre for Global Banking & Finance - Annual Report 2019-20\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fqcgbf-annual-report-2020-2021.pdf\"\u003EQatar Centre for Global Banking & Finance - Annual Report 2020-2021\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fqcgbf-annual-report-2021-2022.pdf\"\u003EQatar Centre for Global Banking & Finance - Annual Report 2021-2022\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","contactUs":[{"type":"markup","value":"\u003Cp\u003EDavid Aikman, Director\u003C\u002Fp\u003E"},{"type":"email","value":"david.aikman@kcl.ac.uk"},{"type":"markup","value":"\u003Cp\u003ERhys Michael Bidder, Deputy Director\u003C\u002Fp\u003E"},{"type":"email","value":"rhys.m.bidder@kcl.ac.uk"},{"type":"markup","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002F4369923a71f2455aae0eb1379e742e28.svc.dynamics.com\u002Ft\u002Fformsandbox\u002F7CRpDPtDqhj8gHMzfTEm2_JXly64W4Sn_7KYO3i9Amo\u002F28b1baed-0380-ef11-ac21-000d3ab82526?ad=\"\u003EJoin our mailing list and stay updated on the latest events\u003C\u002Fa\u003E, news, and opportunities from the Qatar Centre for Global Banking & Finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Fqatar-centre-for-global-banking-and-finance\u002F\"\u003EFollow us on Linkedin to read the latest news and commentary\u003C\u002Fa\u003E from our researchers.\u003C\u002Fp\u003E"}],"orgUnits":[{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryTitle":"Pebble","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d832113-ce53-404f-9228-3cad3c917410","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null}],"projectsOrThemes":true,"topics":[{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":null,"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2019-11-06T15:01:21.0625245Z","versionNo":"2.0","modified":"2019-11-06T15:23:13.1211401Z","modifiedBy":"k1075632","published":"2019-11-06T15:23:13.9350881Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2a1d374b-a03e-41b5-b151-d63419f0e402","projectId":"website","slug":"banking-1","properties":{}},"title":"Banking","categories":[{"entryTitle":"Business & Finance","entryDescription":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"shortName":"banking","entryTitle":"Banking","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":null,"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2019-11-06T15:01:38.047903Z","versionNo":"2.0","modified":"2019-11-06T15:23:01.7777623Z","modifiedBy":"k1075632","published":"2019-11-06T15:23:02.6527686Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"f1885f93-5a2b-4093-819c-1b27691b8d97","projectId":"website","slug":"finance","properties":{}},"title":"Finance","categories":[{"entryTitle":"Business & Finance","entryDescription":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"shortName":"finance","entryTitle":"Finance","status":null}],"orgUnit":{"entryThumbnail":null,"regions":[],"twitterURL":null,"researchAreas":[],"description":null,"type":"Research Group","sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1770205","archived":null,"deleted":null,"createdBy":"k0960388","created":"2019-10-02T07:35:44.8865201Z","versionNo":"9.0","modified":"2024-06-14T14:12:04.2877445Z","modifiedBy":"k1770205","published":"2024-06-14T14:12:16.9168976Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","projectId":"website","slug":"qatar-centre-for-global-banking-finance","properties":{}},"metaDescription":null,"facebookURL":null,"navigation":[{"entryTitle":"About","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3bb9da82-69fa-41d9-ab53-532c5217ad2b","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Research","entryDescription":null,"entryThumbnail":null,"sys":{"id":"fb463b31-87a2-4f41-b6a4-2266e32467d7","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"People","entryDescription":null,"entryThumbnail":null,"sys":{"id":"afd6d22c-a1f3-4713-a04f-0dc675a5a4a6","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}},{"entryTitle":"Publications","entryDescription":null,"entryThumbnail":null,"sys":{"id":"538b641f-8de2-4761-b5db-31f5e2bf271c","language":"en-GB","contentTypeId":"navigationItem","dataFormat":"entry","uri":null}}],"systemName":"Global Banking & Finance","multitiered":false,"parentUnits":[],"youTube":null,"subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":"\u002Fresearch\u002Fqatar-centre-global-banking-finance","gtm":null,"linkedInURL":null,"orgUnits":[],"entryDescription":"Global Banking & Finance","transition":false,"the":false,"colour":null,"facultyTaxonomy":null,"departmentTaxonomy":null,"name":"Qatar Centre for Global Banking & Finance","instagramURL":null,"locations":[],"inititals":null,"linkedResearchGroup":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"shortName":"Global Banking & Finance","entryTitle":"Qatar Centre for Global Banking & Finance","parents":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"promoImage":{"altText":"","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"QCBPromo","entryDescription":null,"description":null,"sys":{"owner":"k1812479","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"13f0e41e-ff9e-438d-b14b-15eb009df2e2"},"dataFormat":"asset","isPublished":false,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcbpromo.xf861cb7f.jpg","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2019-12-09T13:20:12.4602402Z","versionNo":"2.0","modified":"2020-03-12T18:16:53.1769496Z","modifiedBy":"ServicesUser","published":"2020-03-12T18:16:53.2550782Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"13f0e41e-ff9e-438d-b14b-15eb009df2e2","projectId":"website","slug":null,"properties":{"filename":"qcbpromo.jpg","fileSize":458083,"width":780,"fileId":"13f0e41e-ff9e-438d-b14b-15eb009df2e2","height":440}},"title":"QCBPromo","entryTitle":"QCBPromo"}},"partnersText1":null,"customTabTitle":"Publications Spotlight","customTabContent":[{"type":"markup","value":"\u003Ch3\u003EMonetary and financial stability initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“The scarring effects of deep contractions”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: David Aikman (King's College London), Mathias Drehmann (BIS), Mikael Juselius (Bank of Finland), Xiaochuan Xing (Yale University).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: Deep contractions have persistent scarring effects, depressing the level of GDP a decade hence. While scarring after financial crises is well known, it also occurred after energy price shocks and restrictive monetary policy of the 1970s and 1980s.\u003C\u002Fp\u003E\n\u003Cp\u003EFull paper available as \u003Ca href=\"https:\u002F\u002Fwww.bis.org\u002Fpubl\u002Fwork1043.htm\"\u003EBIS Working Paper No 1043\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fcepr.org\u002Fvoxeu\u002Fcolumns\u002Fsupply-shocks-monetary-%20policy-and-scarring\"\u003ESummary available on the VoxEU website\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“The objectives of macroprudential mortgage measures: an exploration”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: David Aikman (King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper, commissioned by the Central Bank of Ireland, studies the costs and benefits of macroprudential policies aimed at preventing build-ups in household mortgage debt. The paper outlines a potential approach for assessing these costs and benefits jointly, using the concept of “GDP-at-Risk”.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf\"\u003EFull paper available as a King's Business School Working Paper\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary published as a Central Bank of Ireland Financial Stability Note.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Heterogeneous beliefs and the Phillips Curve”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Roland Meeks (International Monetary Fund), Francesca Monti (King's College London and UCLouvain)\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper studies the macroeconomic implications of heterogeneity in agents’ inflation expectations.\u003C\u002Fp\u003E\n\u003Cp\u003EF\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fworking-paper\u002F2019\u002Fheterogeneous-beliefs-and-the-phillips-curve\"\u003Eull paper available as Bank of England Working Paper No 807\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“What are the macroeconomic effects of state-dependent forward guidance?”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Martin Weale (King's College London), Tomasz Wieladek (T Rowe Price and King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper examines the macroeconomic effects of the Bank of England’s state-dependent forward guidance monetary policy. It finds this policy had a modest effect, raising both GDP and CPI inflation, consistent with theory.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fcepr.org\u002Fpublications\u002Fdp17555\"\u003EFull paper available as CEPR Discussion Paper No 17555\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Macroprudential stress-test models: a survey”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: David Aikman (King's College London), Daniel Beale, Adam Brinley-Codd, Giovanni Covi, Anne‑Caroline Hüser (all Bank of England), Caterina Lepore (International Monetary Fund).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: We survey the rapidly developing literature on macroprudential stress testing models, including models of contagion between banks, between non‑bank financial institutions such as investment funds, and models that emphasise the two-way interaction between the financial sector and the real economy.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fworking-paper\u002F2023\u002Fmacroprudential-stress-test-models-a-survey\"\u003EFull paper available as BoE Staff Working Paper No 1037\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Ch3\u003EClimate finance initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Labour disutility in a warmer world: The impact of climate change on the global workforce”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Timothy Foreman (King's College London) and co-authors.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: \u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=4221478\"\u003EThis paper develops the first globally comprehensive estimates of worker disutility\u003C\u002Fa\u003E due to future temperature increases associated with climate change. Under a high emissions scenario, labour disutility increases by roughly 1.8% of global GDP by 2099, with especially large damages in today’s poor and\u002For hot locations while cold locations benefit.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Climate change, international migration, and interstate conflict”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Cristina Cattaneo (European Institute on Economics and the Environment), Timothy Foreman (King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: \u003Ca href=\"https:\u002F\u002Fwww.cream-migration.org\u002Fpubl_uploads\u002FCDP_09_21.pdf\"\u003EThis paper studies the role of climate stress\u003C\u002Fa\u003E in driving inter-state disputes, including via forced migration.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Inland flooding: Estimating damages and protection from insurance”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Timothy Foreman (King's College London), Ana Varela Varela (Amsterdam School of Economics), Jason C Wong (Occidental College).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper combines data from flood duration, extension, and depth derived from NOAA’s National Water Model with flood insurance claims and policies, mortgage applications, and residents’ socioeconomic characteristics to analyse the economic impacts of inland flooding.\u003C\u002Fp\u003E\n\u003Cp\u003EPaper in preparation for journal submission.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Sustainable finance: The rise of the ‘E’ in ESG”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: David Aikman, Timothy Foreman, Robyn Klingler-Vidra, Karlygash Kuralbayeva (all King's College London), Chalmers (University of Edinburgh)\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper analyses over a thousand sustainable finance policy documents, from 2001-21. There has been in an increase in the prevalence of climate-related language in these documents, consistent with finance increasingly being seen as vital in achieving the UN SDGs and Paris Agreement goals.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.globalpolicyjournal.com\u002Fblog\u002F09\u002F02\u002F2023\u002Fsustainable-finance-rise-e-esg#:~:text=New%20research%20tracks%20the%20rise,policymakers%20are%20engaging%20with%20it.\"\u003EPaper published in \u003Cem\u003EGlobal Policy\u003C\u002Fem\u003E.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Ch3\u003EDigital assets initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Wholesale Central Bank Digital Currency: A survey and analysis of central bank pilot exercises”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Rhys Bidder (King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fwholesale-central-bank-digital-currency-a-survey-and-analysis-of-central-bank-pilot-exercises.pdf\"\u003EThis report, commissioned by Qatar Central Bank (QCB), surveys the current state of knowledge in domestic wholesale Central Bank Digital Currency.\u003C\u002Fa\u003E It draws extensively on the results of pilot exercises run by central banks around the world.\u003C\u002Fp\u003E\n\u003Cp\u003EPaper delivered to QCB in January 2023.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Price Discovery between Bitcoin Spot Markets and Exchange Traded Products”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Roland Gemeyal (King's College) and co-authors.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper studies price discovery between Bitcoin exchange-traded products (ETPs) and spot markets on centralised cryptocurrency exchanges. It finds price discovery is dominated by the spot market, implying that ETP markets play a smaller role in the incorporation of new information about Bitcoin prices, and that informed investors largely prefer to trade on spot markets that operate round the clock.\u003C\u002Fp\u003E\n\u003Cp\u003EForthcoming in \u003Cem\u003EEconomic Letters\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Herding in the Cryptocurrency Market: A TransactionLevel Analysis”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Roland Gemayel (King's College London) and Alex Preda (Lingnan University)\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper analyses herding in the cryptocurrency market using a unique dataset of trader transactions. It finds herding is higher during bearish periods. It also finds evidence of intentional herding due to informational cascades in less liquid cryptocurrencies, where significant price movements may be interpreted as valuable information.\u003C\u002Fp\u003E\n\u003Cp\u003EForthcoming in \u003Cem\u003EJournal of International Financial Markets, Institutions & Money\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Ch3\u003EData analytics initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Making text count: Text analysis for central banking forecasts”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Eleni Kalamara (King's College London), Arthur Turrell (Bank of England), Chris Redl (Bank of England), George Kapetanios (King's College London), Sujit Kapadia (Bank of England).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This project carried out in conjunction with the Bank of England provides new machine learning methods for using textual sources to improve central bank forecasting.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002F-\u002Fmedia\u002Fboe\u002Ffiles\u002Fworking-paper\u002F2020\u002Fmaking-text-count-economic-forecasting-using-newspaper-text\"\u003EThe paper was published in the \u003Cem\u003EJournal of Applied Econometrics\u003C\u002Fem\u003E.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Forecasting Value-at-Risk using deep quantile neural networks”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: George Kapetanios, Aristeidis Raftapostolos and Ilias Chronopoulos (all King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper uses neutral networks to examine the relationship between conditional quantiles of a dependent variable and predictors. The method is applied to forecast Value-at-Risk, and the authors find significant gains over existing estimation approaches.\u003C\u002Fp\u003E\n\u003Cp\u003EForthcoming in the \u003Cem\u003EJournal of Financial Econometrics\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Machine Learning for asset pricing modelling”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: George Kapetanios (King's College London) and various co-authors.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This project has various strands that, among others, focus on (i) providing new tools to expand current models for asset pricing that take into account regime dependence and other nonlinearities; (ii) methods that promote interpretability of black box machine learning models that are currently used in economics and finance\u003C\u002Fp\u003E"}],"partners":[{"entryThumbnail":null,"country":null,"overview":"\u003Cp\u003EThe \u003Ca href=\"http:\u002F\u002Fwww.qcb.gov.qa\u002FEnglish\u002FPages\u002FDefault.aspx\"\u003EQatar Central Bank\u003C\u002Fa\u003E has partnered with King's Business School to create the Qatar Centre for Global Banking & Finance. \u003C\u002Fp\u003E","image":{"altText":"Primary RGB_Qatar Central Bank","transformations":null,"caption":"","asset":{"entryTitle":"Primary RGB_Qatar Central Bank","entryDescription":null,"sys":{"id":"4c07f2f0-c9cc-4149-9ad3-b3aa5aa8a050","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcgbf\u002Fprimary-rgb-qatar-central-bank.x2df6e7c6.png"}}},"showLogo":false,"website":null,"studyAbroadLink":null,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"eligibility":[],"shortDescription":"Qatar Central Bank","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"institution","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1812479","created":"2019-12-13T10:46:48.2348669Z","versionNo":"3.0","modified":"2023-04-19T11:46:02.6855118Z","modifiedBy":"k2364112","published":"2023-04-25T15:00:46.4523588Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4653b5ec-97ab-4a56-a9ff-dccdcdf1cd55","projectId":"website","slug":"qatar-central-bank","properties":{}},"exchangePartner":false,"exchangeSummary":[],"campusAllocation":[],"institutionName":"Qatar Central Bank","hideDefaultEligibility":false,"localLivingCosts":null,"subjectAreas":[],"multipleChoice":[],"region":[{"entryTitle":"Middle East","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b26ff95a-77e0-4abb-9d97-dac2ca15c0eb","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"collegeWide":false,"entryTitle":"Qatar Central Bank"}],"activities":[{"summary":"The Qatar Centre for Global Banking & Finance hosts an annual conference focusing on new directions in central bank research and policymaking. It provides a platform for experts from across the globe to present and discuss new research that can help central banks deal with the fundamental shifts in the global economy and financial system occurring at this time.","image":{"altText":"QCGBF Annual Conference","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"QCGBF Annual Conference","entryDescription":null,"description":null,"sys":{"owner":"k2037889","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"85bea473-e9fa-4def-b02d-402dbc3b796f"},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-annual-conference.xe2720bc7.png","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2022-07-11T15:24:08.6807126Z","versionNo":"1.0","modified":"2022-07-11T15:24:09.1338273Z","modifiedBy":"ServicesUser","published":"2022-07-11T15:35:37.8932529Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"85bea473-e9fa-4def-b02d-402dbc3b796f","projectId":"website","slug":null,"properties":{"filename":"qcgbf-annual-conference.png","fileSize":2311787,"filePath":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002F","width":1920,"fileId":"85bea473-e9fa-4def-b02d-402dbc3b796f","height":1080}},"title":"QCGBF Annual Conference","entryTitle":"QCGBF Annual Conference"}},"heading":"Annual Conference","links":[{"entryThumbnail":null,"image":null,"icon":null,"entryDescription":null,"description":null,"label":"QCGBF Conference 2024","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-02-20T13:36:49.2129931Z","versionNo":"2.0","modified":"2024-02-20T13:42:34.0588349Z","modifiedBy":"k2364112","published":"2024-02-20T13:42:36.9348102Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"862712f3-950c-44ef-9675-68b0ae9f947a","projectId":"website","slug":"qcgbf-conference-2024","properties":{}},"entryTitle":"QCGBF Conference 2024","url":"https:\u002F\u002Fwww.qcgbfconference.org\u002F","target":null},{"entryThumbnail":null,"image":null,"icon":null,"entryDescription":null,"description":null,"label":"QCGBF Conference 2023","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-03-15T15:10:38.0517995Z","versionNo":"2.0","modified":"2024-01-29T11:52:49.6848362Z","modifiedBy":"k1812479","published":"2024-01-29T11:52:54.3705142Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"1974e442-0425-421c-ba38-32348cf2cbd2","projectId":"website","slug":"qcgbf-conference-2023","properties":{}},"entryTitle":"QCGBF Conference 2023","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fqatar-centre-for-global-banking-finance-annual-conference-2023","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=440","caption":"","asset":{"entryTitle":"QCGBF 2022 Annual Conference Artwork (780 × 440 px)","entryDescription":null,"sys":{"id":"4eabb178-6623-4441-88af-6ede174e8b7c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-2022-annual-conference-artwork-780-×-440-px.x76d36004.png?w=780&h=440"}}},"icon":null,"entryDescription":null,"description":null,"label":"QCGBF Conference 2022","sys":{"owner":"k2037889","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2037889","archived":null,"deleted":null,"createdBy":"k2037889","created":"2022-01-24T11:56:53.8267495Z","versionNo":"2.0","modified":"2022-07-11T15:54:58.2344495Z","modifiedBy":"k2037889","published":"2022-07-11T15:55:01.0938421Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2edcb5dd-9a0e-48ad-b9fc-a37e004f0c56","projectId":"website","slug":"qcgbf-2022-annual-conference","properties":{}},"entryTitle":"QCGBF Conference 2022","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fqcgbf-conference-2022","target":null},{"entryThumbnail":null,"image":null,"icon":null,"entryDescription":null,"description":null,"label":"QCGBF Conference 2021","sys":{"owner":"k2037889","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2037889","archived":null,"deleted":null,"createdBy":"k2037889","created":"2022-07-11T15:54:35.3677209Z","versionNo":"1.0","modified":"2022-07-11T15:54:35.3677209Z","modifiedBy":"k2037889","published":"2022-07-11T15:54:39.0780026Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"42fbee18-47f8-4478-8693-ff66143c8375","projectId":"website","slug":"qcgbf-conference-2021","properties":{}},"entryTitle":"QCGBF Conference 2021","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fqcgbf-annual-conference","target":null}]},{"summary":"The Young Economist Prize is an annual competition run by the Qatar Centre for Global Banking and Finance. It is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). The winning paper will be awarded a £5,000 prize. ","image":{"altText":"QCGBF YE PRIZE","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"QCGBF YE PRIZE","entryDescription":null,"description":null,"sys":{"owner":"k2037889","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"06038559-1f13-4686-964e-e19199cc1f80"},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize.xbe7b78cb.png","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2022-07-11T15:37:19.2190029Z","versionNo":"1.0","modified":"2022-07-11T15:37:19.6564925Z","modifiedBy":"ServicesUser","published":"2022-07-11T15:47:35.396631Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"06038559-1f13-4686-964e-e19199cc1f80","projectId":"website","slug":null,"properties":{"filename":"qcgbf-ye-prize.png","fileSize":580929,"filePath":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002F","width":1920,"fileId":"06038559-1f13-4686-964e-e19199cc1f80","height":1080}},"title":"QCGBF YE PRIZE","entryTitle":"QCGBF YE PRIZE"}},"heading":"Young Economist Prize Competition","links":[{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=468&crop=780,440,0,0","caption":"","asset":{"entryTitle":"YE poster 2023 v.3","entryDescription":null,"sys":{"id":"8fc67bda-7f51-4b14-8d0f-6c4df44c635f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcgbf\u002Fye-poster-2023-v.3.xeba3ff9b.jpg?w=780&h=468&crop=780,440,0,0"}}},"icon":null,"entryDescription":"The Qatar Centre for Global Banking and Finance is proud to announce the Young Economist Prize as part of its forthcoming Annual Conference.","description":"The Qatar Centre for Global Banking and Finance is proud to announce the Young Economist Prize as part of its forthcoming Annual Conference.","label":"Young Economist Prize 2023","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k2364112","created":"2023-04-05T15:17:50.5912603Z","versionNo":"2.0","modified":"2024-01-29T11:55:40.2102825Z","modifiedBy":"k1812479","published":"2024-01-29T11:55:41.6551129Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"c2f87d28-3454-4318-bd64-26a418995871","projectId":"website","slug":"young-economist-prize-2023-1","properties":{}},"entryTitle":"Young Economist Prize 2023","url":"https:\u002F\u002Fwww.qcgbfconference.org\u002Fabout\u002Fyoung-economist-prize\u002F","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"QCGBF YE PRIZE FINALISTS 2022","entryDescription":null,"sys":{"id":"8aef3df8-f097-4493-8b3d-da5d822aa1c7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize-finalists-2022.x162c69d8.png?w=782&h=440&crop=780,440,1,0"}}},"icon":null,"entryDescription":null,"description":null,"label":"Young Economist Prize 2022 Finalists","sys":{"owner":"k2037889","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2037889","archived":null,"deleted":null,"createdBy":"k2037889","created":"2022-07-11T15:51:11.0733419Z","versionNo":"1.0","modified":"2022-07-11T15:56:00.7362562Z","modifiedBy":"k2037889","published":"2022-07-11T15:56:01.8612573Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5be37d6b-267d-49a1-808a-6e7a1364c559","projectId":"website","slug":"young-economist-prize-2022-finalists","properties":{}},"entryTitle":"Young Economist Prize 2022 Finalists","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fyoung-economist-prize-competition-2022-winners","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"YE Prize 2021 Finalists","entryDescription":null,"sys":{"id":"086763a5-96ab-4f0d-bc99-96cea1e377eb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fye-prize-2021-finalists.x0768a3ca.png?w=782&h=440&crop=780,440,1,0"}}},"icon":null,"entryDescription":null,"description":null,"label":"Young Economist Prize 2021 Finalists","sys":{"owner":"k2037889","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2037889","archived":null,"deleted":null,"createdBy":"k2037889","created":"2022-07-11T15:47:07.2646792Z","versionNo":"1.0","modified":"2022-07-11T15:47:07.2646792Z","modifiedBy":"k2037889","published":"2022-07-11T15:47:11.5471238Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9889eedd-b02a-4e06-a3f4-3af7b3f5dc47","projectId":"website","slug":"young-economist-prize-2021-finalists","properties":{}},"entryTitle":"Young Economist Prize 2021 Finalists","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fyoung-economist-prize-competition","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=468&crop=780,440,0,0","caption":"","asset":{"entryTitle":"YE poster 2023 v.3","entryDescription":null,"sys":{"id":"8fc67bda-7f51-4b14-8d0f-6c4df44c635f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcgbf\u002Fye-poster-2023-v.3.xeba3ff9b.jpg?w=780&h=468&crop=780,440,0,0"}}},"icon":null,"entryDescription":"The Qatar Centre for Global Banking and Finance is proud to announce the Young Economist Prize as part of its forthcoming Annual Conference.","description":"The Qatar Centre for Global Banking and Finance is proud to announce the Young Economist Prize as part of its forthcoming Annual Conference.","label":"Young Economist Prize 2024","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-02-20T13:43:49.8472208Z","versionNo":"1.0","modified":"2024-02-20T13:44:53.0340126Z","modifiedBy":"k2364112","published":"2024-02-20T13:44:53.9558911Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7342515b-aeb5-40f4-b6f1-a039bc307e6d","projectId":"website","slug":"young-economist-prize-2024","properties":{}},"entryTitle":"Young Economist Prize 2024","url":"https:\u002F\u002Fwww.qcgbfconference.org\u002Fabout\u002Fyoung-economist-prize\u002F","target":null}]},{"summary":"The virtual seminar series aims to provide a forum for researchers at central banks and academics working on central banking issues to present their research.\n\nSeminars take place fortnightly every Monday each term and last one hour, including time for questions from the attendees.","image":{"altText":"Virtual Seminar Series","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"qcgbf-virtual-seminar-series","entryDescription":null,"description":null,"sys":{"owner":"k1810894","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"22c0a05c-35e9-4f52-b09d-2645077bfdc1"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2020-05-15T15:34:50.3121534Z","versionNo":"5.0","modified":"2021-02-17T17:12:09.3935159Z","modifiedBy":"ServicesUser","published":"2021-02-17T17:12:09.45602Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","projectId":"website","slug":null,"properties":{"filename":"qcgbf-virtual-seminar-series.jpg","fileSize":329585,"width":780,"fileId":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","height":450}},"title":"qcgbf-virtual-seminar-series","entryTitle":"qcgbf-virtual-seminar-series"}},"heading":"Virtual Seminar Series","links":[{"entryThumbnail":null,"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"icon":null,"entryDescription":null,"description":null,"label":"Qatar Centre for Global Banking Finance Virtual Seminar Series","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2037889","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-06-12T09:21:56.6950618Z","versionNo":"2.0","modified":"2021-01-07T16:42:13.2391733Z","modifiedBy":"k2037889","published":"2021-01-07T16:42:30.9390272Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"f1c0e1a3-aa08-4a75-9dbd-ae7fea86e9af","projectId":"website","slug":"qatar-centre-for-global-banking-finance-virtual-seminar-series","properties":{}},"entryTitle":"Qatar Centre for Global Banking Finance Virtual Seminar Series","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fseries\u002Fqcgbf-virtual-seminar-series","target":null}]},{"summary":"View the annual reports from the Qatar Centre for Global Banking and Finance","image":{"altText":"Annual Reports","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"QCGBF Annual report","entryDescription":null,"description":null,"sys":{"owner":"k2037889","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"12165310-62fd-499f-88b3-04828113c11b"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fqcgbf-annual-report.xed9235a6.png","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2021-03-12T14:02:55.9663787Z","versionNo":"1.0","modified":"2021-03-12T14:02:56.3101297Z","modifiedBy":"ServicesUser","published":"2021-03-12T14:12:46.1742248Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"12165310-62fd-499f-88b3-04828113c11b","projectId":"website","slug":null,"properties":{"filename":"qcgbf-annual-report.png","fileSize":131706,"width":1600,"fileId":"12165310-62fd-499f-88b3-04828113c11b","height":900}},"title":"QCGBF Annual report","entryTitle":"QCGBF Annual report"}},"heading":"Annual Reports","links":[{"entryThumbnail":null,"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Annual report","entryDescription":null,"sys":{"id":"12165310-62fd-499f-88b3-04828113c11b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fqcgbf-annual-report.xed9235a6.png"}}},"icon":null,"entryDescription":null,"description":null,"label":"Qatar Centre for Global Banking & Finance - Annual Report 2019-20","sys":{"owner":"k2037889","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2037889","archived":null,"deleted":null,"createdBy":"k2037889","created":"2021-03-12T16:11:02.6047079Z","versionNo":"1.0","modified":"2021-03-12T16:11:02.6047079Z","modifiedBy":"k2037889","published":"2021-03-12T16:11:10.5254246Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6a5cbb77-bd18-4e18-bbf4-dcb8a4f73c54","projectId":"website","slug":"qatar-centre-for-global-banking-finance-annual-report-2019-20","properties":{}},"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2019-20","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqatar-centre-for-global-banking-and-finance-2019-20-annual-report.pdf","target":null},{"entryThumbnail":null,"image":null,"icon":null,"entryDescription":null,"description":null,"label":"Qatar Centre for Global Banking & Finance - Annual Report 2020-2021","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-01-03T14:56:00.8866811Z","versionNo":"2.0","modified":"2023-01-03T14:56:23.454944Z","modifiedBy":"k1812479","published":"2023-01-03T14:56:27.1268603Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"45d5d2c7-6828-4ab7-a763-afe5c21c45aa","projectId":"website","slug":"qatar-centre-for-global-banking-finance-annual-report-2020-2021","properties":{}},"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2020-2021","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fqcgbf-annual-report-2020-2021.pdf","target":null},{"entryThumbnail":null,"image":null,"icon":null,"entryDescription":null,"description":null,"label":"Qatar Centre for Global Banking & Finance - Annual Report 2021-2022","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-01-03T14:57:19.6270457Z","versionNo":"1.0","modified":"2023-01-03T14:57:19.6270457Z","modifiedBy":"k1812479","published":"2023-01-03T14:57:21.9243436Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2ceedd25-7dea-4912-af25-5fedd5681251","projectId":"website","slug":"qatar-centre-for-global-banking-finance-annual-report-2021-2022","properties":{}},"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2021-2022","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fqcgbf-annual-report-2021-2022.pdf","target":null},{"entryThumbnail":null,"image":null,"icon":null,"entryDescription":null,"description":null,"label":"Qatar Centre for Global Banking & Finance - Annual Report 2022-2023","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-07-31T10:40:46.9584698Z","versionNo":"1.0","modified":"2024-07-31T10:42:47.7266349Z","modifiedBy":"k2364112","published":"2024-07-31T10:42:54.2201913Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"12d3a0bf-3af9-4d46-8a81-78165250a6ac","projectId":"website","slug":"qatar-centre-for-global-banking-finance-annual-report-2022-2023","properties":{}},"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2022-2023","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fqcgbf-annual-report-2022-23-web.pdf","target":null}]}],"awards":null,"projectsTabPromos":[{"summary":null,"image":null,"heading":null,"links":[]}],"listOfAllProjectsLink":null,"showLatestTweet":false,"publicationsSummary":null,"shortName":"Qatar Centre for Global Banking & Finance","entryTitle":"Qatar Centre for Global Banking & Finance","publications":null},{"entryThumbnail":null,"regions":[],"twitterURL":"KingsNMES","researchAreas":[],"description":"\u003Cp\u003EThis vibrant Faculty boasts a long tradition of world-leading research and teaching in physics, mathematics, chemistry, computer science and engineering.\u003C\u002Fp\u003E","type":"Faculty","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-05T10:04:05.7987343Z","versionNo":"16.0","modified":"2023-08-11T08:47:01.1187376Z","modifiedBy":"k0960388","published":"2023-08-11T08:56:36.0616491Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"25fe09c1-536a-496d-a117-0b718f3072d5","projectId":"website","slug":"faculty-of-natural-mathematical-sciences-1","properties":{}},"metaDescription":null,"facebookURL":"KingsNMES","navigation":[],"systemName":"nmes","multitiered":false,"parentUnits":[],"youTube":"@KingsNMES","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=470&crop=780,440,0,30","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"chemistry molecules - purple","entryDescription":null,"description":null,"sys":{"metadata":{"includeInAToZ":false,"includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"69d879d4-4220-4f2f-b9b8-01642b47fe69"},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FNMS\u002FPuff-Ready\u002Fchemistry-molecules-purple.x159a51d7.jpg?w=780&h=470&crop=780,440,0,30","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2018-01-29T17:59:28.8924875Z","versionNo":"6.0","modified":"2021-10-21T10:40:46.1373913Z","modifiedBy":"ServicesUser","published":"2021-10-21T10:40:46.2155127Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"69d879d4-4220-4f2f-b9b8-01642b47fe69","projectId":"website","slug":null,"properties":{"filename":"chemistry-molecules-purple.jpg","fileSize":913370,"filePath":"\u002FImportedImages\u002FSchools\u002FNMS\u002FPuff-Ready\u002F","width":5144,"fileId":"69d879d4-4220-4f2f-b9b8-01642b47fe69","height":3100}},"title":"chemistry molecules - purple","entryTitle":"chemistry molecules - purple"}},"externalURL":null,"gtm":null,"linkedInURL":"\u002Fshowcase\u002Fnatural-mathematical-engineering-sciences\u002F?viewAsMember=true","orgUnits":[],"entryDescription":"nmes","transition":false,"the":true,"colour":{"entryDescription":null,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"colours","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1075632","created":"2019-12-12T15:15:16.0410012Z","versionNo":"3.0","modified":"2020-06-30T10:33:01.8373998Z","modifiedBy":"k1466286","published":"2020-06-30T10:33:03.1655108Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"97a0a73b-993e-4d21-9b32-9ab4c6946ea5","projectId":"website","slug":"slate-grey","properties":{}},"title":"Slate grey","cssVariableName":"slateGrey","entryTitle":"Slate grey"},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FFaculty of Natural, Mathematical & Engineering Sciences","key":"0\u002F1\u002F2450\u002F2453\u002F2487","hasChildren":false,"name":"Faculty of Natural, Mathematical & Engineering Sciences","children":[]},"departmentTaxonomy":null,"name":"Faculty of Natural, Mathematical & Engineering Sciences","instagramURL":"kingsnmes","locations":[{"entryThumbnail":null,"parent":null,"telephoneNumber":"+44 (0)20 7836 5454","city":"London","externalLink":null,"description":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","heroImage":{"transformations":null,"caption":"","asset":{"entryTitle":"strand-campus-hero","entryDescription":null,"sys":{"id":"deaa26e1-bd05-49b1-a275-b5348b96b330","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fstrand-campus-hero.xc0e1e14d.jpg"}}},"type":"Campus","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"location","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-06T13:18:19.6769162Z","versionNo":"40.0","modified":"2024-09-02T11:34:06.9306567Z","modifiedBy":"k2474853","published":"2024-09-02T13:33:31.4920405Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"436ab4d3-aac9-4817-affa-966a0b93acdc","projectId":"website","slug":"strand-campus","properties":{}},"emailAddress":null,"isKingsVenuesLocation":null,"accessForPeopleWithDisabilities":"https:\u002F\u002Fwww.accessable.co.uk\u002Fking-s-college-london\u002Fstrand-campus","thumbnail":{"altText":"The Quad - Strand campus","transformations":"w=1501&h=440&crop=780,440,361,0","caption":"","asset":{"entryTitle":"strand-quad","entryDescription":null,"sys":{"id":"288e1625-6af9-4d4e-ad96-a1376de59780","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002Fhomepageimages\u002FCarousel-Images\u002Fstrand-quad.xfb6a93cb.jpg?w=1501&h=440&crop=780,440,361,0"}}},"address":"Strand, London, WC2R 2LS","composer":[{"type":"text","value":"\u003Ch3\u003EThe Strand Campus is home to:\u003C\u002Fh3\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca title=\"School of Arts & Humanities\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fartshums\u002Findex.aspx\"\u003EFaculty of Arts & Humanities\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"The Dickson Poon School of Law\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Flaw\u002Findex.aspx\"\u003EThe Dickson Poon School of Law\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"School of Natural & Mathematical Sciences\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnms\u002Findex.aspx\"\u003EFaculty of Natural & Mathematical Sciences\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"School of Social Science & Public Policy\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fsspp\u002Findex.aspx\"\u003EFaculty of Social Science & Public Policy\u003C\u002Fa\u003E (also at the Waterloo Campus).\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Ffoundations\"\u003EKing's Foundations\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"King's Business School\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Findex.aspx\"\u003EKing's Business School\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe campus is close to:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Ethe Houses of Parliament\u003C\u002Fli\u003E\n\u003Cli\u003ESt Paul's Cathedral \u003C\u002Fli\u003E\n\u003Cli\u003ESomerset House and the Courtauld Institute of Art (next door)\u003C\u002Fli\u003E\n\u003Cli\u003ERoyal Courts of Justice\u003C\u002Fli\u003E\n\u003Cli\u003EWest End theatres, cinemas and shops\u003C\u002Fli\u003E\n\u003Cli\u003ECovent Garden, where you will find markets, shops and theatres\u003C\u002Fli\u003E\n\u003Cli\u003ETrafalgar Square, home to the National Gallery and the National Portrait Gallery.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"downloadNote","value":{"summary":"To find out what facilities and resources are available at Strand Campus and where they are located, refer to this short guide that covers everything from accessible toilet locations and secure bike parking to prayer rooms and food outlets.","files":[{"entryTitle":"EF-FacilitiesGuide-Strand","entryDescription":null,"sys":{"id":"a6b225cc-32aa-49b3-bb0e-49d4f26368dd","language":"en-GB","contentTypeId":"pdf","dataFormat":"asset","uri":"\u002Fabout\u002Fassets\u002Festates-assets\u002Fpdf\u002Fef-facilitiesguide-strand.pdf"}}],"alignment":"Left","title":"Download the Strand Campus Facilities Guide"}},{"type":"subheading","value":"Virtual tour"},{"type":"virtualTour","value":"https:\u002F\u002Flive.tourdash.com\u002Fembed\u002Fe807f78292b0419fa1ec8712cf71e5a7?bg=rgba(26,172,214,1)&fg=rgba(255,255,255,1)&txt=Tap%20to%20view%20the%20virtual%20tour&wmode=transparent"},{"type":"subheading","value":"How to get to the Strand Campus"},{"type":"text","value":"\u003Ch4\u003EBy underground\u003C\u002Fh4\u003E\n\u003Cp\u003ETemple (District and Circle lines): 2 minute walk. Charing Cross (Bakerloo and Northern lines): 10 minute walk, Embankment (District, Circle and Bakerloo lines): 10 minute walk, Waterloo (Jubilee, Northern, Bakerloo, Waterloo & City lines): 12 minute walk, Holborn (Central and Picadilly lines): 12 minute walk, Chancery Lane (Central line): use exit 4 - 15 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy train\u003C\u002Fh4\u003E\n\u003Cp\u003ECharing Cross: 9 minute walk. Waterloo: 12 minute walk. Waterloo East: 10 minute walk. Blackfriars: 12 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy bus\u003C\u002Fh4\u003E\n\u003Cp\u003EBuses stopping outside the university: 1, 4, 26, 59, 68, 76, X68, 168, 171, 172, 176 (24 hour), 188, 243 (24 hour), 341 (24 hour), 521, RV1.\u003C\u002Fp\u003E\n\u003Cp\u003EA shuttle bus service is available for staff and students (carrying their college ID) wishing to travel between the Guy’s and St Thomas' hospital sites, the latter also being within walking distance of Waterloo and the Strand. The pick-up and drop-off points are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eat St Thomas', the lower-ground car park opposite the Florence Nightingale Museum\u003C\u002Fli\u003E\n\u003Cli\u003Eat Guy's Campus, on Great Maze Pond on the lay-by to the Bloomfield Clinic.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch4\u003EBy boat - commuter river service\u003C\u002Fh4\u003E\n\u003Cp\u003EFrom the west, Putney - Blackfriars: get off at either Embankment Pier or Blackfriars Pier.\u003C\u002Fp\u003E\n\u003Ch4\u003EParking\u003C\u002Fh4\u003E\n\u003Cp\u003ENo public parking, but a pay and display parking system operates in nearby streets including Surrey Street. Motocycle bays are available in the Strand, Arundel Street, Temple Place and other nearby streets.\u003C\u002Fp\u003E\n\u003Cp\u003EWeekend and evening bicycle parking after 20.00 is permitted at the Strand entrance opposite Security. Please note that any bicycles left in this location after 08.30 Monday to Friday will be removed. No responsibility will be accepted for the replacement of locks or costs incurred. No bicycles are permitted to be brought into the buildings or chained to railings.\u003C\u002Fp\u003E\n\u003Cp\u003EStudents and staff may park at the Strand Campus secure bicycle park off Strand Lane but must register with Strand Campus Security for access.  There is bike parking in the streets, and Barclays Cycle Hire bikes are available close by.\u003C\u002Fp\u003E\n\u003Ch3\u003ETravelling to the Maughan Library\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EBy tube:\u003C\u002Fstrong\u003E Chancery Lane (Central line): use exit 4 - 6 minute walk. Temple (District and Circle lines): 6 minute walk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EOn foot from the Strand:\u003C\u002Fstrong\u003E 8 minute walk\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBicycle stands:\u003C\u002Fstrong\u003E Within the courtyard, to the right of the entry arch.\u003C\u002Fp\u003E\n\u003Ch3\u003ETravelling to 22 Kingsway\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EBy tube: \u003C\u002Fstrong\u003E22 Kingsway is equidistant to Temple and Covent Garden tube stations. Temple (District and Circle lines): 8 minute walk. Covent Garden (Piccadilly line): 5 minute walk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EOn foot from the Strand: \u003C\u002Fstrong\u003E6 minute walk\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBicycle stands:\u003C\u002Fstrong\u003E The nearest public cycle parking facility is at Lincoln’s Inn Fields. Students and staff may park at the Strand Campus secure bicycle park and must register with Strand Campus Security for access. Barclays Cycle Hire bikes are available close by.\u003C\u002Fp\u003E"},{"type":"subheading","value":"Campus map"},{"type":"image","value":{"altText":"Strand Campus (Strand and King's Buildings) Map","transformations":null,"caption":"","asset":{"entryTitle":"Strand detail 2024","entryDescription":null,"sys":{"id":"0d90465c-d6ce-4d05-887f-e8c28dab9533","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Fdetail\u002Fimages\u002Fstrand-detail-2024.x135123a7.jpg"}}}},{"type":"subheading","value":"Bush House Campus location"},{"type":"image","value":{"altText":"Strand Campus (Bush House) Map","transformations":null,"caption":"","asset":{"entryTitle":"Bush House detail 2024","entryDescription":null,"sys":{"id":"e73d96aa-d7ad-4b2d-85ac-fef43a080e03","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Fdetail\u002Fimages\u002Fbush-house-detail-2024.xe29aa452.jpg"}}}},{"type":"image","value":{"altText":"Strand and Waterloo location map","transformations":null,"caption":"","asset":{"entryTitle":"Waterloo location 2024","entryDescription":null,"sys":{"id":"01d0044a-3a83-48ca-af98-7f9440a71379","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Flocation\u002Fwaterloo-location-2024.x697bb75e.jpg"}}}}],"upcomingEvents":[{"entryTitle":"How to change the world","entryDescription":"A panel of industry experts will discuss what you, as a future leader, will need to succeed and the challenges you'll face.","entryThumbnail":null,"sys":{"id":"61ebfd58-b1a3-4732-b741-bbf449b8fa3b","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"A Beginner’s Guide to Early Modernity and the Environment","entryDescription":"Join us for our second Beginner’s Guide. This time we discuss the turn to ecocriticism and new attention to place, space, and systems.","entryThumbnail":null,"sys":{"id":"e5ad4e9e-82b0-483d-b6dc-3328b61ed735","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"EMF: Brains, Souls, and Spirits: (Neuro)Plasticity between Early Modern and Contemporary Thought","entryDescription":"The thought of the contemporary French philosopher Catherine Malabou orbits the central concept of ‘plasticity’, exploring its many forms and contexts. ","entryThumbnail":null,"sys":{"id":"7d3537dd-5b01-4e2f-9996-c249e11f51e6","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Anachronic Renaissance","entryDescription":"TBC","entryThumbnail":null,"sys":{"id":"84325730-82da-485c-9a1e-5b9a48fc34e1","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"CANCELLED Mexico's Drug War in the Era of AMLO","entryDescription":"Co-hosted by the Urban Violence Research Network and CSDRG","entryThumbnail":null,"sys":{"id":"1aec184b-390f-4d52-a7fb-6fa3f428b7b6","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"CANCELLED Libya's Fragmentation Structure and Process in Violent Conflict","entryDescription":"Wolfram Lacher will present his new book, Libya's Fragmentation: Structure and Process in Violent Conflict.","entryThumbnail":null,"sys":{"id":"09206fb0-b0d5-4cff-bab5-7be883b7b3ea","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Calculating Infinitesimals: Machine Learning From Lucretius To Deleuze and Simondon","entryDescription":"This event is now cancelled","entryThumbnail":null,"sys":{"id":"38d34f49-8d93-454a-ab3c-34d260ad0165","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Platforms and Cultural Production","entryDescription":"This event is now cancelled ","entryThumbnail":null,"sys":{"id":"f8185f57-6803-4fda-b350-4e47302c1f5c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"US covert\u002Fclandestine wars and civilian harm: the Airwars approach","entryDescription":"Airwars director Chris Woods will discuss Airwars' recently launched Somalia project.","entryThumbnail":null,"sys":{"id":"4650c3f1-ca61-46a5-a2bb-278d5ec68fcb","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}}],"mapEmbed":"\u003Ciframe src=\"https:\u002F\u002Fwww.google.com\u002Fmaps\u002Fembed?pb=!1m18!1m12!1m3!1d4966.168900480979!2d-0.118389066000884!3d51.511666640380994!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x487604b5a3b455dd%3A0xb0643efb7ed0928d!2sKing's+College+London!5e0!3m2!1sen!2suk!4v1542034489513\" frameborder=\"0\" style=\"border:0\" allowfullscreen\u003E\u003C\u002Fiframe\u003E","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","the":true,"colour":{"entryTitle":"King's red","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e4702577-5325-48d8-865f-e44a59647871","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"name":"Strand Campus","location":{"lon":-0.11599699999999302,"lat":51.51148639999999},"entryTitle":"Strand Campus"}],"inititals":"NMS","linkedResearchGroup":[],"shortName":"Natural, Mathematical & Engineering Sciences","entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","parents":null},{"entryThumbnail":null,"regions":[],"twitterURL":null,"researchAreas":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"ASSISTIVE TECH","entryDescription":null,"sys":{"id":"2543a10f-c87d-489c-b761-82c46f646e71","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fdepartmentalimages\u002Fstu-services\u002Fdisability\u002FASSISTIVE-TECH.xf6478a6f.jpg"}}},"searchTerm":"technology-and-science","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Science+Tech_hero_1903x558","entryDescription":null,"sys":{"id":"66192a92-5994-441a-93aa-d90ad86dde04","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fsciencetech-hero-1903x558.x1fdd0201.jpg"}}},"sys":{"owner":"k1642089","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1642089","created":"2018-01-24T14:49:32.6792447Z","versionNo":"4.0","modified":"2019-10-25T15:23:41.1226378Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:42.049255Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"60c84afe-f51e-4e80-af7d-188d9eff995c","projectId":"website","slug":"technology-science-1","properties":{}},"title":"Technology & Science","entryTitle":"Technology & Science","research":true}],"description":null,"sys":{"owner":"k1770205","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1770205","archived":null,"deleted":null,"createdBy":"k1770205","created":"2022-06-14T13:17:31.8805724Z","versionNo":"1.0","modified":"2022-06-14T13:17:31.8805724Z","modifiedBy":"k1770205","published":"2022-06-14T13:17:45.5341864Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","projectId":"website","slug":"net-zero-centre","properties":{}},"type":"Research Group","metaDescription":"Net Zero Centre","facebookURL":null,"navigation":[],"systemName":null,"multitiered":false,"parentUnits":[],"youTube":null,"subjectAreas":[{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"big ben","entryDescription":null,"sys":{"id":"55143898-4be3-44ec-ac1d-e1dfe3d58ac1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002FSubject-Areas\u002Fbig-ben.x3e3ccef5.jpg"}}},"teaching":true,"sys":{"owner":"k1642089","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1642089","created":"2018-02-13T16:33:16.0554876Z","versionNo":"4.0","modified":"2019-11-06T14:47:53.1538182Z","modifiedBy":"k1075632","published":"2019-11-06T14:47:54.2632169Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"69680bb5-a874-4b54-a20c-d2bd82ca6aa7","projectId":"website","slug":"environment-1","properties":{}},"title":"Environment","categories":[{"entryTitle":"Health","entryDescription":null,"sys":{"id":"505c6ef3-27ad-49ad-ab3b-31289188963a","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Society","entryDescription":null,"sys":{"id":"3376166e-dba4-4824-9278-b4b710cddf81","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"shortName":"environment","entryTitle":"Environment","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":null,"teaching":true,"sys":{"owner":"k1815781","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1815781","archived":null,"deleted":null,"createdBy":"k1815781","created":"2020-03-25T16:06:18.8472494Z","versionNo":"1.0","modified":"2020-03-25T16:06:19.691026Z","modifiedBy":"k1815781","published":"2020-03-25T16:06:20.6285618Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","projectId":"website","slug":"business-2","properties":{}},"title":"Business","categories":[],"shortName":null,"entryTitle":"Business","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"ground","entryDescription":null,"sys":{"id":"c0093c95-82d3-463c-8aba-ecb769c52d5a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002FSubject-Areas\u002Fground.x94cbf165.jpg"}}},"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-05-18T14:27:19.2827833Z","versionNo":"5.0","modified":"2019-11-06T14:44:50.3107216Z","modifiedBy":"k1075632","published":"2019-11-06T14:44:51.1545011Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5a9c0abf-c204-46a2-b93b-d0f7266f2e0f","projectId":"website","slug":"geography-and-the-environment-1","properties":{}},"title":"Geography","categories":[{"entryTitle":"Society","entryDescription":null,"sys":{"id":"3376166e-dba4-4824-9278-b4b710cddf81","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"shortName":"geography","entryTitle":"Geography","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"conversation","entryDescription":null,"sys":{"id":"e51a4fb6-b24a-43f1-8fad-8df5ec3c9a26","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002FSubject-Areas\u002Fconversation.xeef2b8a8.jpg"}}},"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-05-18T14:29:48.4132698Z","versionNo":"4.0","modified":"2019-11-06T14:50:05.0391025Z","modifiedBy":"k1075632","published":"2019-11-06T14:50:05.8679549Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","projectId":"website","slug":"law-1","properties":{}},"title":"Law","categories":[{"entryTitle":"Law","entryDescription":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"shortName":"law","entryTitle":"Law","status":null},{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":null,"heroImage":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"keyboard","entryDescription":null,"sys":{"id":"27195302-98cc-4e6f-9027-09b335afabac","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002FSubject-Areas\u002Fkeyboard.xaae75406.jpg"}}},"teaching":true,"sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-05-18T14:22:56.0042345Z","versionNo":"4.0","modified":"2019-11-06T14:49:33.9595649Z","modifiedBy":"k1075632","published":"2019-11-06T14:49:34.7876991Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a85ef05b-e510-4f79-9fd3-b2f5ad4bbb79","projectId":"website","slug":"computer-science-1","properties":{}},"title":"Computer science","categories":[{"entryTitle":"Technology & Science","entryDescription":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"shortName":"computer-science","entryTitle":"Computer science","status":null}],"thumbnailImage":{"altText":"","transformations":"w=1505&h=440&crop=780,440,363,0","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"1908x558_lab-plant","entryDescription":null,"description":null,"sys":{"owner":"k1471022","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"717a6a94-59e3-4ea8-a4ed-430991a605f5"},"dataFormat":"asset","isPublished":false,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002Fnewimages\u002Fkghi\u002Fhero-carousel\u002F1908x558-lab-plant.x0b546d8e.jpg?w=1505&h=440&crop=780,440,363,0","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2020-01-22T11:15:31.2922731Z","versionNo":"2.0","modified":"2020-03-12T16:40:35.4202458Z","modifiedBy":"ServicesUser","published":"2020-03-12T16:40:35.560871Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"717a6a94-59e3-4ea8-a4ed-430991a605f5","projectId":"website","slug":null,"properties":{"filename":"1908x558-lab-plant.jpg","fileSize":676217,"width":1908,"fileId":"717a6a94-59e3-4ea8-a4ed-430991a605f5","height":558}},"title":"1908x558_lab-plant","entryTitle":"1908x558_lab-plant"}},"externalURL":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fresearch\u002Fnet-zero-centre","gtm":null,"linkedInURL":null,"orgUnits":[{"entryThumbnail":null,"regions":[],"twitterURL":"KingsNMES","researchAreas":[],"description":"\u003Cp\u003EThis vibrant Faculty boasts a long tradition of world-leading research and teaching in physics, mathematics, chemistry, computer science and engineering.\u003C\u002Fp\u003E","type":"Faculty","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-05T10:04:05.7987343Z","versionNo":"16.0","modified":"2023-08-11T08:47:01.1187376Z","modifiedBy":"k0960388","published":"2023-08-11T08:56:36.0616491Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"25fe09c1-536a-496d-a117-0b718f3072d5","projectId":"website","slug":"faculty-of-natural-mathematical-sciences-1","properties":{}},"metaDescription":null,"facebookURL":"KingsNMES","navigation":[],"systemName":"nmes","multitiered":false,"parentUnits":[],"youTube":"@KingsNMES","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=470&crop=780,440,0,30","caption":"","asset":{"entryTitle":"chemistry molecules - purple","entryDescription":null,"sys":{"id":"69d879d4-4220-4f2f-b9b8-01642b47fe69","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FNMS\u002FPuff-Ready\u002Fchemistry-molecules-purple.x159a51d7.jpg?w=780&h=470&crop=780,440,0,30"}}},"externalURL":null,"gtm":null,"linkedInURL":"\u002Fshowcase\u002Fnatural-mathematical-engineering-sciences\u002F?viewAsMember=true","orgUnits":[],"entryDescription":"nmes","transition":false,"the":true,"colour":{"entryTitle":"Slate grey","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97a0a73b-993e-4d21-9b32-9ab4c6946ea5","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FFaculty of Natural, Mathematical & Engineering Sciences","key":"0\u002F1\u002F2450\u002F2453\u002F2487","hasChildren":false,"name":"Faculty of Natural, Mathematical & Engineering Sciences","children":[]},"departmentTaxonomy":null,"name":"Faculty of Natural, Mathematical & Engineering Sciences","instagramURL":"kingsnmes","locations":[{"entryTitle":"Strand Campus","entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","entryThumbnail":null,"sys":{"id":"436ab4d3-aac9-4817-affa-966a0b93acdc","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}}],"inititals":"NMS","linkedResearchGroup":[],"shortName":"Natural, Mathematical & Engineering Sciences","entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","parents":null}],"entryDescription":null,"transition":false,"the":false,"colour":null,"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FFaculty of Natural, Mathematical & Engineering Sciences","key":"0\u002F1\u002F2450\u002F2453\u002F2487","hasChildren":false,"name":"Faculty of Natural, Mathematical & Engineering Sciences","children":[]},"name":"Net Zero Centre","departmentTaxonomy":null,"locations":[],"instagramURL":null,"shortName":"Net Zero Centre","linkedResearchGroup":[],"inititals":null,"entryTitle":"Net Zero Centre","parents":{"entryThumbnail":null,"regions":[],"twitterURL":"KingsNMES","researchAreas":[],"description":"\u003Cp\u003EThis vibrant Faculty boasts a long tradition of world-leading research and teaching in physics, mathematics, chemistry, computer science and engineering.\u003C\u002Fp\u003E","type":"Faculty","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-05T10:04:05.7987343Z","versionNo":"16.0","modified":"2023-08-11T08:47:01.1187376Z","modifiedBy":"k0960388","published":"2023-08-11T08:56:36.0616491Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"25fe09c1-536a-496d-a117-0b718f3072d5","projectId":"website","slug":"faculty-of-natural-mathematical-sciences-1","properties":{}},"metaDescription":null,"facebookURL":"KingsNMES","navigation":[],"systemName":"nmes","multitiered":false,"parentUnits":[],"youTube":"@KingsNMES","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=470&crop=780,440,0,30","caption":"","asset":{"entryTitle":"chemistry molecules - purple","entryDescription":null,"sys":{"id":"69d879d4-4220-4f2f-b9b8-01642b47fe69","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FNMS\u002FPuff-Ready\u002Fchemistry-molecules-purple.x159a51d7.jpg?w=780&h=470&crop=780,440,0,30"}}},"externalURL":null,"gtm":null,"linkedInURL":"\u002Fshowcase\u002Fnatural-mathematical-engineering-sciences\u002F?viewAsMember=true","orgUnits":[],"entryDescription":"nmes","transition":false,"the":true,"colour":{"entryTitle":"Slate grey","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97a0a73b-993e-4d21-9b32-9ab4c6946ea5","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FFaculty of Natural, Mathematical & Engineering Sciences","key":"0\u002F1\u002F2450\u002F2453\u002F2487","hasChildren":false,"name":"Faculty of Natural, Mathematical & Engineering Sciences","children":[]},"departmentTaxonomy":null,"name":"Faculty of Natural, Mathematical & Engineering Sciences","instagramURL":"kingsnmes","locations":[{"entryTitle":"Strand Campus","entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","entryThumbnail":null,"sys":{"id":"436ab4d3-aac9-4817-affa-966a0b93acdc","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}}],"inititals":"NMS","linkedResearchGroup":[],"shortName":"Natural, Mathematical & Engineering Sciences","entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","parents":null}}],"publishDate":"2024-09-24T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","relatedEvent":null,"relatedLinks":[],"title":"New research sets out three overlooked opportunities to fund net zero transition","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-09-19T17:02:41.703979Z","versionNo":"1.0","modified":"2024-09-24T10:16:01.0887538Z","modifiedBy":"k1808181","published":"2024-09-24T10:16:10.5440165Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5c2b333c-7411-4cec-80ad-c2666c9e88f3","projectId":"website","slug":"new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition","properties":{}},"intranet":false,"relatedCourses":[{"entryThumbnail":null,"additionalLocation":null,"promoSection":{"greyTheme":true,"whiteTheme":false,"blueTheme":false,"title":"Explore more","promos":[{"entryThumbnail":null,"image":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"Music scholarship","entryDescription":null,"sys":{"id":"3fc721da-f0af-45ff-97cf-fb26c1829a13","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fmain\u002Fmusic-scholarship.xa429153c.png?crop=780,440,0,5"}}},"icon":null,"entryDescription":"Find out more about the postgraduate scholarships available at King's Business School.","description":"Find out more about the postgraduate scholarships available at King's Business School.","label":"Postgraduate Scholarships (King's Business School)","sys":{"owner":"k1642385","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2372300","archived":null,"deleted":null,"createdBy":"k1642385","created":"2023-04-03T09:09:47.3708386Z","versionNo":"6.0","modified":"2024-09-26T15:35:09.3130562Z","modifiedBy":"k2372300","published":"2024-09-26T15:35:11.7299568Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9bb98390-e9fb-4786-bb4f-a243e072c90b","projectId":"website","slug":"postgraduate-scholarships-kings-business-school","properties":{}},"entryTitle":"Postgraduate Scholarships (King's Business School)","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fpostgraduate\u002Fpostgraduate-scholarships","target":"_blank"},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"student-ambassador-800x450","entryDescription":null,"sys":{"id":"3880db49-8104-4d8f-8364-b827800a833f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudents\u002Fstudent-ambassador-800x450.xdd9207ca.png?w=782&h=440&crop=780,440,1,0"}}},"icon":null,"entryDescription":"Chat to current students and staff to find out about life at King's.","description":"Chat to current students and staff to find out about life at King's.","label":"Chat to students and staff","sys":{"owner":"k1512215","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1512215","archived":null,"deleted":null,"createdBy":"k1512215","created":"2022-01-13T16:35:53.1554325Z","versionNo":"4.0","modified":"2024-03-26T15:04:38.3445082Z","modifiedBy":"k1512215","published":"2024-03-26T15:04:42.1257895Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"345d6b31-ed5a-4a55-bf4a-c67784ffcfc5","projectId":"website","slug":"chat-to-academics-and-current-students-on-unibuddy","properties":{}},"entryTitle":"Chat to students and staff","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Funibuddy","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=571&crop=780,440,0,66","caption":"","asset":{"entryTitle":"Students-at-Strand2","entryDescription":null,"sys":{"id":"0f70058b-9d80-447c-90a4-d51202e6cd36","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FStudy\u002FELC\u002FStudents-at-Strand2.x310cc998.jpg?w=780&h=571&crop=780,440,0,66"}}},"icon":null,"entryDescription":"Want to know more about studying at King's? We're here to help.","description":"Want to know more about studying at King's? We're here to help.","label":"Connect with a King’s Advisor","sys":{"owner":"k1512215","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2031547","archived":null,"deleted":null,"createdBy":"","created":"2021-02-17T16:29:39.0150538Z","versionNo":"3.0","modified":"2021-09-29T10:11:55.0166595Z","modifiedBy":"k2031547","published":"2021-09-29T10:11:58.3917315Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"43c7a74c-5929-4b6b-b130-9894a84f7ab3","projectId":"website","slug":"contact-centre","properties":{}},"entryTitle":"Connect with a King’s Advisor","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-at-kings\u002Fcontact","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=521&crop=780,440,0,41","caption":"","asset":{"entryTitle":"Student Residence Vauxhall-13","entryDescription":null,"sys":{"id":"d576ad6e-7471-4635-b5c9-29d49436b4b8","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002F0Prospectus\u002Faccommodation\u002FAtlas\u002FStudent-Residence-Vauxhall-13.xea6633ff.jpg?w=780&h=521&crop=780,440,0,41"}}},"icon":{"altText":"","transformations":"w=450&h=300&crop=300,300,75,0","caption":"","asset":{"entryTitle":"Student Residence Vauxhall-11","entryDescription":null,"sys":{"id":"102ffa73-3584-485f-a7f7-cc12d30d38d8","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002F0Prospectus\u002Faccommodation\u002FAtlas\u002FStudent-Residence-Vauxhall-11.x497c6604.jpg?w=450&h=300&crop=300,300,75,0"}}},"entryDescription":"Discover your accommodation options and explore our residences.","description":"Discover your accommodation options and explore our residences.","label":"Find out more about our King's accommodation","sys":{"owner":"k1642089","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1469912","archived":null,"deleted":null,"createdBy":"k1642089","created":"2021-02-17T11:26:51.6633123Z","versionNo":"11.0","modified":"2024-10-17T13:56:28.1544466Z","modifiedBy":"k1469912","published":"2024-10-17T13:56:53.7114412Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d93baca9-a7ca-432d-b1bf-e3e9ce63c062","projectId":"website","slug":"accommodation-1","properties":{}},"entryTitle":"Find out more about our King's accommodation","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Faccommodation","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Kings Students Aug Day 3 2022-494","entryDescription":null,"sys":{"id":"52234e64-5294-4fa6-9483-9b538edb53af","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FPGimages\u002Fkings-students-aug-day-3-2022-494.x87fbbb89.jpg?w=780&h=519&crop=780,440,0,40"}}},"icon":{"altText":"Kings student on laptop in lecture theatre Aug 2022","transformations":"w=451&h=300&crop=300,300,76,0","caption":"","asset":{"entryTitle":"Kings student on laptop in lecture theatre Aug 2022","entryDescription":null,"sys":{"id":"a6ab824e-c8f5-451c-8531-a1b0f3cb4641","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudy\u002Fmarcomms\u002Fstudents\u002Fkings-student-on-laptop-in-lecture-theatre-aug-2022.x8e25c7fd.jpg?w=451&h=300&crop=300,300,76,0"}}},"entryDescription":"Can't join us in London? Take a virtual tour of our campuses instead!","description":"Can't join us in London? Take a virtual tour of our campuses instead!","label":"Virtual campus tours","sys":{"owner":"k2032551","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1221270","archived":null,"deleted":null,"createdBy":"k2032551","created":"2023-10-16T10:02:22.8746815Z","versionNo":"4.0","modified":"2024-11-06T10:13:44.5792802Z","modifiedBy":"k1221270","published":"2024-11-06T10:13:46.7410618Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"19e0e9eb-df83-4070-a513-5e6053076fb1","projectId":"website","slug":"virtual-campus-tours-1","properties":{}},"entryTitle":"Virtual campus tours","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fseries\u002Fvirtual-campus-tours","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=521&crop=780,440,0,41","caption":"","asset":{"entryTitle":"skyline london kings thumb","entryDescription":null,"sys":{"id":"ef06c35b-27f5-4bbb-b761-9a7a5aed46d7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudy-images\u002Fskyline-london-kings-thumb.x69215eb5.jpg?w=780&h=521&crop=780,440,0,41"}}},"icon":null,"entryDescription":"King's is right in the heart of the capital.","description":"King's is right in the heart of the capital.","label":"Learning in London","sys":{"owner":"k1512215","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1469912","archived":null,"deleted":null,"createdBy":"","created":"2021-02-17T16:34:21.8975066Z","versionNo":"7.0","modified":"2024-02-07T15:24:22.9438977Z","modifiedBy":"k1469912","published":"2024-02-07T15:24:26.8864475Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a0c4b306-f54f-4afe-8d93-0f5e263e955c","projectId":"website","slug":"london-living","properties":{}},"entryTitle":"Learning in London","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Flondon\u002Fstudying-in-london","target":null}]},"assessmentMethods":[],"applicationClosingDateInfoOverride":"\u003Cp\u003EWe encourage you to apply as early as possible so that there is sufficient time for your application to be assessed. We may need to request further information from you during the application process.\u003C\u002Fp\u003E\n\u003Cp\u003EKing's College London is committed to the recruitment of students with the greatest academic ability and to maintain a diverse student population. In order to ensure a balanced international student population for our most competitive programmes, we have implemented the following deadlines:\u003C\u002Fp\u003E\n\u003Cp\u003EFor applicants who are currently residing in mainland China, the first application deadline is 10 January 2025 (23:59 UK time).\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWe highly encourage you to apply by this deadline due to high demand, but applications will continue to be reviewed thereafter until the final application deadline on 9 March 2025 (23:59 UK time).\u003C\u002Fli\u003E\n\u003Cli\u003EIf you reside in mainland China and apply for this programme after the above final deadline, your application may be automatically withdrawn and you will not be eligible for an application fee refund.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFor all other applicants, our first application deadline is on 9 March 2025 (23:59 UK time). The final application deadlines for this programme are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EOverseas (international) fee status: 25 July 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003Cli\u003EHome fee status: 25 August 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EAfter the first application deadline in March:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eif the programme is not yet full, we will continue to accept applications until all available places are filled up to the final application deadlines above\u003C\u002Fli\u003E\n\u003Cli\u003Eif the programme becomes full before the final application deadlines stated above, we will close the programme to further applications\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EPlease note, you will not be eligible for an application fee refund if you apply after the first application deadline, and we are unable to process further offers because places are filled and we close the course before the final application deadline.\u003C\u002Fp\u003E","deliveryMode":[],"relatedNewsArticle":null,"languageRequirementBand":{"entryDescription":null,"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"englishLanguageRequirementBand","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1466286","created":"2019-10-18T13:41:36.8636357Z","versionNo":"1.0","modified":"2019-10-18T13:41:37.5667433Z","modifiedBy":"k1466286","published":"2019-10-18T13:41:37.8949385Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9896d42a-b892-4741-bbea-9d6c5d4ecda2","projectId":"website","slug":"b","properties":{}},"title":"B","entryTitle":"B"},"rfiReferenceToPearsonCRMForm":null,"nonStandardRequirements":null,"courseEssentialVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"orgUnits":[{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryTitle":"Pebble","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d832113-ce53-404f-9228-3cad3c917410","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null}],"pageOverride":null,"synonyms":null,"onlineCourseFeeInformation":null,"relatedSpotlightStory":null,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"personalStatement":"\u003Cp\u003EYou will be asked to submit the following documents in order for your application to be considered:\u003C\u002Fp\u003E\n\u003Ctable\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPersonal Statement\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EA personal statement is required. This can be entered directly into the online application form (maximum 4,000 characters) or uploaded as an attachment to the online application form (maximum 2 pages).\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPrevious Academic Study\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EA copy (or copies) of your official academic transcript(s), showing the subjects studied and marks obtained. If you have already completed your degree, copies of your official degree certificate will also be required. Applicants with academic documents issued in a language other than English, will need to submit both the original and official translation of their documents.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EReferences\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EOne academic reference is required. A professional reference will be accepted if you have completed your qualifications over five years ago. In some cases, we may request an additional reference from you.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EOther\u003C\u002Fth\u003E\n\u003Ctd\u003EOptional\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EApplicants may wish to include a CV (Resume) or evidence of professional registration as part of their application. \u003C\u002Fp\u003E\n\u003Cp\u003EWe do not require a GMAT or GRE score to be provided as part of your application, but a well-balanced score may strengthen your application. For the GMAT Exam (10th Edition) we look for a score of 670+. For the GMAT Exam (Focus Edition) we look for 78% or 615. For the GRE, we look for a score of 324 with 70-75% in verbal reasoning. Please fill in the “Professional and Other Relevant Qualifications” section within the application form, and share your score with King’s College London on the verification site and upload a scan of your results or screenshot of the email confirming your results.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","courseAccreditorsImport":null,"optionalYearInIndustry":false,"additionalCosts":["Books if you choose to buy your own copies ","Clothing for optional course related events and competitions ","Library fees and fines ","Personal photocopies ","Printing course handouts ","Society membership fees ","Stationery ","Travel costs for travel around London and between campuses ","Graduation costs"],"employability":"\u003Cp\u003EAs a Business School student you not only have full access to all the award winning events and resources from our central team King’s Careers and Employability service but a bespoke service curated especially for you by our dedicated careers team.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\n\u003Cp\u003EDevelop greater self-awareness of strengths, interests and values. Increase confidence in presenting yours authentic self to employers and making career decisions that work for you.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EGain insight, make connections and uncover opportunities through our campus events and connections with world- leading organisations, alumni, thought leaders and investors.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003ESharpen your application skills for internships, placements, graduate schemes and jobs using cutting edge technology combined with personalised expert feedback and specialised workshops.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EBuild an impressive portfolio of work relevant domain knowledge, leadership, workplace digital or technical skills through employer and professional programmes and micro-certifications.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EApply and hone your skills in a real world context. Access a world-class range of internships, placements, start-up incubators, leadership initiatives and focused diversity and inclusion opportunities.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","careerDestinations":[],"otherRequirements":"\u003Cp\u003EUndergraduate degree with high 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social science related area (e.g. management, economics, finance or other relevant subject) or equivalent overseas qualification. Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E","detailsDisclaimerOverride":null,"courseDescriptionOldToBeDeleted":"\u003Cp\u003EThe MSc in Banking & Finance at King’s Business School is an innovative course designed to provide you with an in-depth understanding of the finance and banking industry. The programme will also equip you with essential research, analytical and critical thinking skills, preparing you for a range of careers across the finance sector and expose you to challenges raised by the availability of large dataset in corporate finance and asset returns.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll build a strong foundation in key financial principles and techniques through the following selection of core modules:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EQuantitative Methods for Finance\u003C\u002Fstrong\u003E – Learn the industry-standard methods and modern techniques essential to understanding financial data and approaching issues facing banks today.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EInvestments\u003C\u002Fstrong\u003E - Gain a strong understanding of the end-to-end investment management process and modern investment techniques.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECommercial & Investment Banking\u003C\u002Fstrong\u003E – Discover modern financial markets, intermediaries, financial crises and the role of regulation in the financial sector.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Statement Analysis\u003C\u002Fstrong\u003E – Study the analysis used by financial institutions to identify suitable investments and learn from current industry practitioners.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Derivatives\u003C\u002Fstrong\u003E – Learn the theory and practice of pricing & hedging derivative securities.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll also have the chance to shape your degree to reflect the career you want through our extensive range of elective modules:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAsset Pricing\u003C\u002Fstrong\u003E – Explore the core principles of asset pricing theory and understand the risks & premiums of financial assets.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EEmpirical Finance\u003C\u002Fstrong\u003E – Compare the effectiveness of alternative financial theories using real world data.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EApplied Risk Management for Banking\u003C\u002Fstrong\u003E – Build your understanding of the risks that financial institutions are exposed to and the key tools used to manage them.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Econometrics\u003C\u002Fstrong\u003E – Examine the relevant econometric techniques applied to key problems in finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECorporate Finance\u003C\u002Fstrong\u003E – Learn the methods used to value investments, make corporate financing decisions and evaluate policies corporates undertake to make cash returns or dividend decisions to stakeholders.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EEmpirical Macroeconomics\u003C\u002Fstrong\u003E – Observe modern economic trends and explore large scale financial & economic factors.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Regulation & Governance\u003C\u002Fstrong\u003E – Further your understanding of the public policy instruments available in banking, alongside the latest developments of the regulatory landscape to counter the effects of financial crises.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ETopics in Applied Finance\u003C\u002Fstrong\u003E – Explore the operations of wealth management, financial engineering and shipping finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBehavioural Finance\u003C\u002Fstrong\u003E – Examine the behavioural biases that financial market participants exhibit and study the resulting asset pricing anomalies.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll also undertake a 15,000 word \u003Cstrong\u003EResearch Project (Dissertation)\u003C\u002Fstrong\u003E, where you will conduct your own in-depth research and apply the knowledge & methods gained from studying our taught modules.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"text-decoration: underline;\"\u003EUngraded modules\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAs part of the course, you will also have the chance to take ungraded modules alongside the above modules. These will allow you to gain practical, real world financial skills geared towards maximising your employability once you graduate.\u003C\u002Fp\u003E\n\u003Cp\u003EWe currently offer ungraded modules in the key programming languages, software and environments for finance, including Matlab, Python, C++, R, VBA and Stata. We also offer classes in English for financial career and International Banking and Finance.\u003C\u002Fp\u003E","entryTitle":"Banking & Finance","selectionProcess":"\u003Cp\u003EApplications must be made online using \u003Ca title=\"Kings Apply\" href=\"https:\u002F\u002Fapply.kcl.ac.uk\u002F\"\u003EKing's Apply\u003C\u002Fa\u003E, the Admissions portal, and a non-refundable application fee of £130 applies.\u003C\u002Fp\u003E\n\u003Cp\u003EDue to the large volume of applications, this programme operates a partial “gathered-field” approach to decision making for applicants who meet our advertised academic entry requirements. This means that for some of these applicants, a decision may not be reached until after February and where possible, will be made by May. You will be informed via King's Apply if your application is being held.\u003C\u002Fp\u003E","otherRequirementsImport":"\u003Ctable style=\"width: px;\"\u003E\u003Ccaption\u003EBanking and Finance entry requirements\u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 131.3px;\"\u003EMinimum requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 101.488px;\"\u003E\n\u003Cp\u003EHigh 2:1\u003C\u002Fp\u003E\n\u003Cp\u003E(65%)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 495.212px;\"\u003E\n\u003Cp\u003EUndergraduate degree with high 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social science related area (e.g. management, economics, finance or other relevant subject) or equivalent overseas qualification. Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 131.3px;\"\u003EInternational requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 101.488px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 495.212px;\"\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"International entry requirements\" href=\"\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Finternational.aspx\"\u003EInternational entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 131.3px;\"\u003EEnglish Language requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 101.488px;\"\u003EBand B\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 495.212px;\"\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"English language requirements (PG)\" href=\"\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Fenglish-language.aspx\"\u003EEnglish language entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E","ukPartTimeFee":null,"compulsoryStudyAbroad":false,"professionalNetworkDestinations":[],"teaching":"\u003Cp\u003EWe use lectures, seminars and group tutorials to deliver most of the modules on the course. You will also be expected to undertake a significant amount of independent study.\u003C\u002Fp\u003E\n\u003Cp\u003ETypically, one credit equates to 10 hours of work.\u003C\u002Fp\u003E\n\u003Cp\u003EThe total contact time for each 15-credit taught module is typically 20-30 hours. These sessions will include lectures, teacher-led and student-led group discussions based on the main areas of study. Each 15-credit taught also module has approximately 120-130 hours of self-guided learning time.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E","studySubjectAreas":[{"testimonial":null,"entryThumbnail":null,"image":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"global interest rates - Banking & Finance - main","entryDescription":null,"sys":{"id":"604b44f3-b779-4ea8-998f-b6906a0c7e94","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fmain\u002Fglobal-interest-rates-banking-finance-main.x74e982d2.png?crop=780,440,0,5"}}},"infoBanner":null,"destination":null,"heroImageMobile":null,"searchOptions":null,"entryDescription":null,"description":null,"heroImage":null,"media":[],"title":"Finance","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"studySubjectArea","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1642089","archived":null,"deleted":null,"createdBy":"","created":"2020-03-05T12:07:53.4491347Z","versionNo":"2.0","modified":"2020-09-10T11:12:04.8568727Z","modifiedBy":"k1642089","published":"2020-09-10T11:12:07.3725128Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"de12ddd8-1504-4d32-bbb9-04037d7b6a4a","projectId":"website","slug":"finance-2","properties":{}},"content":null,"relatedCoursesImage":null,"keyBenefits":[],"subjectAreas":[],"entryTitle":"Finance"}],"teachingImport":"\u003Ctable style=\"width: 100%;\" data-tablestyle=\"MsoNormalTable\" data-tablelook=\"480\" aria-rowcount=\"4\"\u003E\n\u003Ctbody\u003E\n\u003Ctr aria-rowindex=\"3\"\u003E\n\u003Ctd style=\"width: 100%;\" colspan=\"4\" data-celllook=\"4369\"\u003E\n\u003Cp\u003EWe use lectures, seminars and group tutorials to deliver most of the modules on the course. You will also be expected to undertake a significant amount of independent study.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr aria-rowindex=\"4\"\u003E\n\u003Ctd style=\"width: 1.36986%;\" data-celllook=\"4369\"\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 2.47101%;\" data-celllook=\"4369\"\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 71.4678%;\" data-celllook=\"69905\"\u003E\n\u003Cp\u003E\u003Cstrong\u003ELectures, seminars and feedback\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 24.6914%;\" data-celllook=\"4369\"\u003E\n\u003Cp\u003E\u003Cstrong\u003ESelf-study\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Ctable style=\"width: 100%; height: 419.146px;\" data-tablestyle=\"MsoNormalTable\" data-tablelook=\"480\" aria-rowcount=\"7\"\u003E\n\u003Ctbody\u003E\n\u003Ctr style=\"height: 143.979px;\" aria-rowindex=\"1\"\u003E\n\u003Ctd style=\"width: 2.32877%; height: 243.167px;\" colspan=\"1\" rowspan=\"2\" data-celllook=\"4369\"\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 16.1644%; height: 143.979px;\" data-celllook=\"4369\"\u003E\n\u003Cp\u003EPer 15-credit taught module\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 56.5753%; height: 143.979px;\" data-celllook=\"69905\"\u003E\n\u003Cp\u003EBetween 20 and 30 hours which typically consist of a combination of lectures, case discussion and class activities; there may be some variation in the precise format.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 22.4658%; height: 143.979px;\" data-celllook=\"4369\"\u003E\n\u003Cp\u003EEach 15-credit taught module has approximately 120-130 hours of self-guided learning time.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 2.32877%; height: 243.167px;\" colspan=\"1\" rowspan=\"2\" data-celllook=\"4369\"\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr style=\"height: 99.1875px;\" aria-rowindex=\"2\"\u003E\n\u003Ctd style=\"width: 16.1644%; height: 99.1875px;\" data-celllook=\"4369\"\u003E\n\u003Cp\u003EDissertation module\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 56.5753%; height: 99.1875px;\" data-celllook=\"69905\"\u003E\n\u003Cp\u003EDissertation workshops and one-to-one supervision.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 22.4658%; height: 99.1875px;\" data-celllook=\"4369\"\u003E\n\u003Cp\u003EApproximately 596 hours self-study and project work.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr style=\"height: 175.979px;\" aria-rowindex=\"3\"\u003E\n\u003Ctd style=\"width: 99.863%; height: 175.979px;\" colspan=\"5\" data-celllook=\"4369\"\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ETypically, one credit equates to 10 hours of work.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","furtherFeeInformation":"These tuition fees may be subject to additional increases in subsequent years of study, in line with King’s terms and conditions.","pgr":false,"destinationPartners":[],"preferredSubjects":null,"internationalPartTimeFee":null,"teachingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"entryDescription":"Explore the challenges facing financial markets and the global banking sector.","optionalModules":[{"type":"modules","value":[{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T13:30:44.840394Z","versionNo":"1.0","modified":"2021-06-01T13:30:44.840394Z","modifiedBy":"","published":"2021-06-09T11:23:52.1944707Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5a6c568d-268d-407f-bf2c-39e692db3f4f","projectId":"website","slug":"empirical-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Empirical Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Empirical Finance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:08:59.9868987Z","versionNo":"1.0","modified":"2021-06-01T14:08:59.9868987Z","modifiedBy":"","published":"2021-06-09T11:34:51.5433487Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b117e15d-e3e5-4889-8546-7b389a62e578","projectId":"website","slug":"risk-management-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Risk Management (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Risk Management (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T13:31:26.8936511Z","versionNo":"1.0","modified":"2021-06-01T13:31:26.8936511Z","modifiedBy":"","published":"2021-06-09T11:24:00.1671205Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8f18538b-3149-4e75-821d-1f6ab24032d3","projectId":"website","slug":"financial-econometrics-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Econometrics (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Econometrics (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k1819230","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1819230","archived":null,"deleted":null,"createdBy":"k1819230","created":"2020-04-25T04:48:27.8614686Z","versionNo":"1.0","modified":"2020-04-25T04:48:29.6739872Z","modifiedBy":"k1819230","published":"2020-04-25T04:52:51.2838565Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d9456100-a0f4-407c-92f7-6d53029937d4","projectId":"website","slug":"corporate-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Corporate Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Corporate Finance (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k2366560","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2366560","archived":null,"deleted":null,"createdBy":"k2366560","created":"2023-09-20T10:47:09.7805537Z","versionNo":"1.0","modified":"2023-09-20T10:47:09.7805537Z","modifiedBy":"k2366560","published":"2023-09-20T10:47:35.6540738Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"76c044b3-c96b-432c-9355-ce63b2366b8e","projectId":"website","slug":"financial-regulation-governance-15-credits","properties":{}},"promoDescription":"Financial Regulation & Governance (15 credits)","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Regulation & Governance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Regulation & Governance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:10:16.8350988Z","versionNo":"1.0","modified":"2021-06-01T14:10:16.8350988Z","modifiedBy":"","published":"2021-06-09T11:35:02.8553047Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7e980b23-19d0-4aa9-a300-3f67b1f8e69d","projectId":"website","slug":"topics-in-applied-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Topics in Applied Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Topics in Applied Finance (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"K2363631","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-09-11T13:52:30.5198368Z","versionNo":"1.0","modified":"2023-09-11T13:52:30.5198368Z","modifiedBy":"K2363631","published":"2023-09-11T13:52:43.2165053Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9d66e3f5-b3cb-49ee-a7db-bef157ef28d2","projectId":"website","slug":"principles-behavioral-finance-15-credits","properties":{}},"promoDescription":"Principles Behavioral Finance (15 credits) ","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Principles Behavioral Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Principles Behavioral Finance (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k2366560","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2366560","archived":null,"deleted":null,"createdBy":"k2366560","created":"2023-09-20T10:48:50.9701229Z","versionNo":"1.0","modified":"2023-09-20T10:48:50.9701229Z","modifiedBy":"k2366560","published":"2023-09-20T10:48:59.4112887Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9bb9b4f8-2eed-489e-a4f7-4bbab6f74d0a","projectId":"website","slug":"bond-markets-instruments-and-trading-strategies-15-credits","properties":{}},"promoDescription":"Bond Markets Instruments and Trading Strategies (15 credits)","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Bond Markets Instruments and Trading Strategies (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Bond Markets Instruments and Trading Strategies (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k2144559","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1642385","archived":null,"deleted":null,"createdBy":"k2144559","created":"2021-06-15T09:39:31.9049421Z","versionNo":"2.0","modified":"2022-10-05T18:06:48.8832265Z","modifiedBy":"k1642385","published":"2022-10-05T18:07:48.2642356Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0fd95646-dc26-46c1-ac85-a44e75b87e1a","projectId":"website","slug":"wealth-management-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Applied Wealth Management (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Applied Wealth Management (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k1819230","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1819230","archived":null,"deleted":null,"createdBy":"k1819230","created":"2020-04-25T02:12:04.4797012Z","versionNo":"1.0","modified":"2020-04-25T02:12:06.4886093Z","modifiedBy":"k1819230","published":"2020-04-25T02:14:30.783971Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2a23b957-40e8-42e2-82ce-cfbca0ec149d","projectId":"website","slug":"international-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"International Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"International Finance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:11:18.1681634Z","versionNo":"1.0","modified":"2021-06-01T14:11:18.1681634Z","modifiedBy":"","published":"2021-06-09T11:26:20.1246609Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3f680b06-ff58-4bd1-9c82-9fefdbaa0d9f","projectId":"website","slug":"financial-engineering-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Engineering (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Engineering (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T13:32:28.7503477Z","versionNo":"1.0","modified":"2021-06-01T13:32:28.7503477Z","modifiedBy":"","published":"2021-06-09T11:24:09.3537088Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"385d541d-1173-4a8c-8e91-6ae6198a7b70","projectId":"website","slug":"portfolio-management-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Portfolio Management (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Portfolio Management (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:11:53.2197706Z","versionNo":"1.0","modified":"2021-06-01T14:11:53.2197706Z","modifiedBy":"","published":"2021-06-09T11:35:09.9143157Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"62ed02ec-7789-448d-9722-94e30c07ca29","projectId":"website","slug":"credit-ratings-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Credit Ratings (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Credit Ratings (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:12:09.3925189Z","versionNo":"1.0","modified":"2021-06-01T14:12:09.3925189Z","modifiedBy":"","published":"2021-06-09T11:35:15.9056772Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"30b91738-4e2c-470a-88e3-785c90f97677","projectId":"website","slug":"computational-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Computational Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Computational Finance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k1642385","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1642385","archived":null,"deleted":null,"createdBy":"k1642385","created":"2021-10-22T10:26:34.6784219Z","versionNo":"1.0","modified":"2021-10-22T10:26:34.6784219Z","modifiedBy":"k1642385","published":"2022-10-05T18:07:58.638746Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6457d9c8-09f2-40d1-841d-9940515bc603","projectId":"website","slug":"emerging-markets-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Emerging Markets Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Emerging Markets Finance (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"K2363631","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-09-11T13:53:40.9276262Z","versionNo":"1.0","modified":"2023-09-11T13:53:40.9276262Z","modifiedBy":"K2363631","published":"2023-09-11T13:53:54.0371133Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"137fcdc1-8865-4dc4-87be-b0175434c0c6","projectId":"website","slug":"shadow-banking-15-credits","properties":{}},"promoDescription":"Shadow Banking (15 credits) ","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Shadow Banking (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Shadow Banking (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2366560","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-09-11T13:54:28.648402Z","versionNo":"1.0","modified":"2023-09-11T13:54:28.648402Z","modifiedBy":"K2363631","published":"2023-09-20T10:49:38.3595943Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5432d358-61da-4651-8456-ea4ec22a6282","projectId":"website","slug":"advanced-finance-theory-15-credits","properties":{}},"promoDescription":"Advanced Finance Theory (15 credits) ","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Advanced Finance Theory (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Advanced Finance Theory (15 credits)"}]},{"type":"text","value":"As part of the course, you will also have the chance to take ungraded modules alongside the above modules. These will allow you to gain practical, real world financial skills geared towards maximising your employability once you graduate.\n\nWe currently offer ungraded modules in the key programming languages, software and environments for finance, including Matlab, Python, C++, R, VBA and Stata. We also offer classes in English for financial career and International Banking and Finance."}],"relatedFeature":null,"year4Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"partners":[],"regulations":null,"courseEssentials":"Our Banking & Finance MSc course is designed to equip you with a thorough understanding of the many complex and challenging aspects of banking and financial markets, and to develop the expertise needed for a broad range of careers in the finance and banking sectors as well as in multinational financial organisations. The course will focus on major issues in the area of banking and finance such as commercial and investment banking, investments, financial statement analysis and financial derivatives. ","awardingInstitutionsImport":"King's College London","keyBenefits":["Our course provides you with a thorough knowledge of the main components of commercial and investment banking and the changing structure of the international financial industry. ","Our practitioners have extensive and wide-ranging experience in the finance industry, providing invaluable contributions to the teaching of the modules and bringing theory into practice. ","Close links and regular speakers from financial organisations give you insights and up-to-the- minute knowledge of the subject area and brings practical insights into the classroom by applying the theory to real-world scenarios. ","State-of-the-art facilities - such as a virtual trading floor which provides exclusive access to the latest financial software used in the banking and finance industry, and access to specialised financial and economic databases and software used by economists in finance or in government. These facilities are coupled with a range of courses that familiarise you with such practical skills as trading and database use.","Located in the heart of London, King’s Business School has a strong reputation for research-led teaching and links to industry.","Apply for King's Business School scholarships of up to 50% tuition fees or £10,000 for our full-time postgraduate courses. "],"studyMode":[{"entryDescription":null,"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"studyMode","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1466286","created":"2019-10-30T00:16:59.6442792Z","versionNo":"1.0","modified":"2019-10-30T00:17:00.50367Z","modifiedBy":"k1466286","published":"2019-10-30T00:17:01.1292161Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5fe408e8-ad96-4308-b310-3c089c7acd9e","projectId":"website","slug":"full-time","properties":{}},"title":"Full time","entryTitle":"Full time"}],"campuses":[{"entryThumbnail":null,"parent":null,"telephoneNumber":"+44 (0)20 7836 5454","city":"London","externalLink":null,"description":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","heroImage":{"transformations":null,"caption":"","asset":{"entryTitle":"strand-campus-hero","entryDescription":null,"sys":{"id":"deaa26e1-bd05-49b1-a275-b5348b96b330","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fstrand-campus-hero.xc0e1e14d.jpg"}}},"type":"Campus","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"location","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-06T13:18:19.6769162Z","versionNo":"40.0","modified":"2024-09-02T11:34:06.9306567Z","modifiedBy":"k2474853","published":"2024-09-02T13:33:31.4920405Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"436ab4d3-aac9-4817-affa-966a0b93acdc","projectId":"website","slug":"strand-campus","properties":{}},"emailAddress":null,"isKingsVenuesLocation":null,"accessForPeopleWithDisabilities":"https:\u002F\u002Fwww.accessable.co.uk\u002Fking-s-college-london\u002Fstrand-campus","thumbnail":{"altText":"The Quad - Strand campus","transformations":"w=1501&h=440&crop=780,440,361,0","caption":"","asset":{"entryTitle":"strand-quad","entryDescription":null,"sys":{"id":"288e1625-6af9-4d4e-ad96-a1376de59780","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002Fhomepageimages\u002FCarousel-Images\u002Fstrand-quad.xfb6a93cb.jpg?w=1501&h=440&crop=780,440,361,0"}}},"address":"Strand, London, WC2R 2LS","composer":[{"type":"text","value":"\u003Ch3\u003EThe Strand Campus is home to:\u003C\u002Fh3\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca title=\"School of Arts & Humanities\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fartshums\u002Findex.aspx\"\u003EFaculty of Arts & Humanities\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"The Dickson Poon School of Law\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Flaw\u002Findex.aspx\"\u003EThe Dickson Poon School of Law\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"School of Natural & Mathematical Sciences\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnms\u002Findex.aspx\"\u003EFaculty of Natural & Mathematical Sciences\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"School of Social Science & Public Policy\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fsspp\u002Findex.aspx\"\u003EFaculty of Social Science & Public Policy\u003C\u002Fa\u003E (also at the Waterloo Campus).\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Ffoundations\"\u003EKing's Foundations\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"King's Business School\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Findex.aspx\"\u003EKing's Business School\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe campus is close to:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Ethe Houses of Parliament\u003C\u002Fli\u003E\n\u003Cli\u003ESt Paul's Cathedral \u003C\u002Fli\u003E\n\u003Cli\u003ESomerset House and the Courtauld Institute of Art (next door)\u003C\u002Fli\u003E\n\u003Cli\u003ERoyal Courts of Justice\u003C\u002Fli\u003E\n\u003Cli\u003EWest End theatres, cinemas and shops\u003C\u002Fli\u003E\n\u003Cli\u003ECovent Garden, where you will find markets, shops and theatres\u003C\u002Fli\u003E\n\u003Cli\u003ETrafalgar Square, home to the National Gallery and the National Portrait Gallery.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"downloadNote","value":{"summary":"To find out what facilities and resources are available at Strand Campus and where they are located, refer to this short guide that covers everything from accessible toilet locations and secure bike parking to prayer rooms and food outlets.","files":[{"entryTitle":"EF-FacilitiesGuide-Strand","entryDescription":null,"sys":{"id":"a6b225cc-32aa-49b3-bb0e-49d4f26368dd","language":"en-GB","contentTypeId":"pdf","dataFormat":"asset","uri":"\u002Fabout\u002Fassets\u002Festates-assets\u002Fpdf\u002Fef-facilitiesguide-strand.pdf"}}],"alignment":"Left","title":"Download the Strand Campus Facilities Guide"}},{"type":"subheading","value":"Virtual tour"},{"type":"virtualTour","value":"https:\u002F\u002Flive.tourdash.com\u002Fembed\u002Fe807f78292b0419fa1ec8712cf71e5a7?bg=rgba(26,172,214,1)&fg=rgba(255,255,255,1)&txt=Tap%20to%20view%20the%20virtual%20tour&wmode=transparent"},{"type":"subheading","value":"How to get to the Strand Campus"},{"type":"text","value":"\u003Ch4\u003EBy underground\u003C\u002Fh4\u003E\n\u003Cp\u003ETemple (District and Circle lines): 2 minute walk. Charing Cross (Bakerloo and Northern lines): 10 minute walk, Embankment (District, Circle and Bakerloo lines): 10 minute walk, Waterloo (Jubilee, Northern, Bakerloo, Waterloo & City lines): 12 minute walk, Holborn (Central and Picadilly lines): 12 minute walk, Chancery Lane (Central line): use exit 4 - 15 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy train\u003C\u002Fh4\u003E\n\u003Cp\u003ECharing Cross: 9 minute walk. Waterloo: 12 minute walk. Waterloo East: 10 minute walk. Blackfriars: 12 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy bus\u003C\u002Fh4\u003E\n\u003Cp\u003EBuses stopping outside the university: 1, 4, 26, 59, 68, 76, X68, 168, 171, 172, 176 (24 hour), 188, 243 (24 hour), 341 (24 hour), 521, RV1.\u003C\u002Fp\u003E\n\u003Cp\u003EA shuttle bus service is available for staff and students (carrying their college ID) wishing to travel between the Guy’s and St Thomas' hospital sites, the latter also being within walking distance of Waterloo and the Strand. The pick-up and drop-off points are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eat St Thomas', the lower-ground car park opposite the Florence Nightingale Museum\u003C\u002Fli\u003E\n\u003Cli\u003Eat Guy's Campus, on Great Maze Pond on the lay-by to the Bloomfield Clinic.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch4\u003EBy boat - commuter river service\u003C\u002Fh4\u003E\n\u003Cp\u003EFrom the west, Putney - Blackfriars: get off at either Embankment Pier or Blackfriars Pier.\u003C\u002Fp\u003E\n\u003Ch4\u003EParking\u003C\u002Fh4\u003E\n\u003Cp\u003ENo public parking, but a pay and display parking system operates in nearby streets including Surrey Street. Motocycle bays are available in the Strand, Arundel Street, Temple Place and other nearby streets.\u003C\u002Fp\u003E\n\u003Cp\u003EWeekend and evening bicycle parking after 20.00 is permitted at the Strand entrance opposite Security. Please note that any bicycles left in this location after 08.30 Monday to Friday will be removed. No responsibility will be accepted for the replacement of locks or costs incurred. No bicycles are permitted to be brought into the buildings or chained to railings.\u003C\u002Fp\u003E\n\u003Cp\u003EStudents and staff may park at the Strand Campus secure bicycle park off Strand Lane but must register with Strand Campus Security for access.  There is bike parking in the streets, and Barclays Cycle Hire bikes are available close by.\u003C\u002Fp\u003E\n\u003Ch3\u003ETravelling to the Maughan Library\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EBy tube:\u003C\u002Fstrong\u003E Chancery Lane (Central line): use exit 4 - 6 minute walk. Temple (District and Circle lines): 6 minute walk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EOn foot from the Strand:\u003C\u002Fstrong\u003E 8 minute walk\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBicycle stands:\u003C\u002Fstrong\u003E Within the courtyard, to the right of the entry arch.\u003C\u002Fp\u003E\n\u003Ch3\u003ETravelling to 22 Kingsway\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EBy tube: \u003C\u002Fstrong\u003E22 Kingsway is equidistant to Temple and Covent Garden tube stations. Temple (District and Circle lines): 8 minute walk. Covent Garden (Piccadilly line): 5 minute walk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EOn foot from the Strand: \u003C\u002Fstrong\u003E6 minute walk\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBicycle stands:\u003C\u002Fstrong\u003E The nearest public cycle parking facility is at Lincoln’s Inn Fields. Students and staff may park at the Strand Campus secure bicycle park and must register with Strand Campus Security for access. Barclays Cycle Hire bikes are available close by.\u003C\u002Fp\u003E"},{"type":"subheading","value":"Campus map"},{"type":"image","value":{"altText":"Strand Campus (Strand and King's Buildings) Map","transformations":null,"caption":"","asset":{"entryTitle":"Strand detail 2024","entryDescription":null,"sys":{"id":"0d90465c-d6ce-4d05-887f-e8c28dab9533","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Fdetail\u002Fimages\u002Fstrand-detail-2024.x135123a7.jpg"}}}},{"type":"subheading","value":"Bush House Campus location"},{"type":"image","value":{"altText":"Strand Campus (Bush House) Map","transformations":null,"caption":"","asset":{"entryTitle":"Bush House detail 2024","entryDescription":null,"sys":{"id":"e73d96aa-d7ad-4b2d-85ac-fef43a080e03","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Fdetail\u002Fimages\u002Fbush-house-detail-2024.xe29aa452.jpg"}}}},{"type":"image","value":{"altText":"Strand and Waterloo location map","transformations":null,"caption":"","asset":{"entryTitle":"Waterloo location 2024","entryDescription":null,"sys":{"id":"01d0044a-3a83-48ca-af98-7f9440a71379","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Flocation\u002Fwaterloo-location-2024.x697bb75e.jpg"}}}}],"upcomingEvents":[{"entryTitle":"How to change the world","entryDescription":"A panel of industry experts will discuss what you, as a future leader, will need to succeed and the challenges you'll face.","entryThumbnail":null,"sys":{"id":"61ebfd58-b1a3-4732-b741-bbf449b8fa3b","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"A Beginner’s Guide to Early Modernity and the Environment","entryDescription":"Join us for our second Beginner’s Guide. This time we discuss the turn to ecocriticism and new attention to place, space, and systems.","entryThumbnail":null,"sys":{"id":"e5ad4e9e-82b0-483d-b6dc-3328b61ed735","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"EMF: Brains, Souls, and Spirits: (Neuro)Plasticity between Early Modern and Contemporary Thought","entryDescription":"The thought of the contemporary French philosopher Catherine Malabou orbits the central concept of ‘plasticity’, exploring its many forms and contexts. ","entryThumbnail":null,"sys":{"id":"7d3537dd-5b01-4e2f-9996-c249e11f51e6","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Anachronic Renaissance","entryDescription":"TBC","entryThumbnail":null,"sys":{"id":"84325730-82da-485c-9a1e-5b9a48fc34e1","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"CANCELLED Mexico's Drug War in the Era of AMLO","entryDescription":"Co-hosted by the Urban Violence Research Network and CSDRG","entryThumbnail":null,"sys":{"id":"1aec184b-390f-4d52-a7fb-6fa3f428b7b6","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"CANCELLED Libya's Fragmentation Structure and Process in Violent Conflict","entryDescription":"Wolfram Lacher will present his new book, Libya's Fragmentation: Structure and Process in Violent Conflict.","entryThumbnail":null,"sys":{"id":"09206fb0-b0d5-4cff-bab5-7be883b7b3ea","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Calculating Infinitesimals: Machine Learning From Lucretius To Deleuze and Simondon","entryDescription":"This event is now cancelled","entryThumbnail":null,"sys":{"id":"38d34f49-8d93-454a-ab3c-34d260ad0165","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Platforms and Cultural Production","entryDescription":"This event is now cancelled ","entryThumbnail":null,"sys":{"id":"f8185f57-6803-4fda-b350-4e47302c1f5c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"US covert\u002Fclandestine wars and civilian harm: the Airwars approach","entryDescription":"Airwars director Chris Woods will discuss Airwars' recently launched Somalia project.","entryThumbnail":null,"sys":{"id":"4650c3f1-ca61-46a5-a2bb-278d5ec68fcb","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}}],"mapEmbed":"\u003Ciframe src=\"https:\u002F\u002Fwww.google.com\u002Fmaps\u002Fembed?pb=!1m18!1m12!1m3!1d4966.168900480979!2d-0.118389066000884!3d51.511666640380994!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x487604b5a3b455dd%3A0xb0643efb7ed0928d!2sKing's+College+London!5e0!3m2!1sen!2suk!4v1542034489513\" frameborder=\"0\" style=\"border:0\" allowfullscreen\u003E\u003C\u002Fiframe\u003E","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","the":true,"colour":{"entryTitle":"King's red","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e4702577-5325-48d8-865f-e44a59647871","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"name":"Strand Campus","location":{"lon":-0.11599699999999302,"lat":51.51148639999999},"entryTitle":"Strand Campus"}],"regulatingBodies":[],"testimonial":{"entryThumbnail":null,"image":{"altText":"","transformations":"crop=802,623,210,10","caption":"","asset":{"entryTitle":"Dishabh","entryDescription":null,"sys":{"id":"57a9a78b-283e-4abf-9f49-364b7972f954","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Ftestimonials\u002Fdishabh.xc354b0f4.jpg?crop=802,623,210,10"}}},"dateOfPermission":"2023-03-22T00:00:00","displayName":"Dishabh, Banking & Finance","entryDescription":null,"description":null,"fullName":"Dishabh Kumar, Banking & Finance ","fullQuote":"Studying an integrated course that would lead me to the path of Investment Banking was the keen motive to study Banking and Finance. I chose King's for its world-class reputation, for the renowned excellence across the world, most importantly a wide network of alumni. Studying at King's is a great feeling full of experience and everlasting success.","title":"Dishabh, Banking & Finance","sys":{"owner":"k2363493","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"testimonial","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2363493","archived":null,"deleted":null,"createdBy":"k2363493","created":"2023-04-25T14:20:57.6844258Z","versionNo":"2.0","modified":"2023-04-27T10:17:47.8927768Z","modifiedBy":"k2363493","published":"2023-04-27T10:24:41.2637724Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5ea74790-4987-4b44-9b24-508372989a1b","projectId":"website","slug":"dishabh-banking-finance","properties":{}},"shortQuote":"Studying at King's is a great feeling full of experience and everlasting success.","permissionObtained":true,"quote":null,"vidYouTube":{"youTubeurL":null},"entryTitle":"Dishabh, Banking & Finance","personDescription":"King's Business School student"},"feesAndFundingImport":"\u003Cp\u003EIf you receive an offer for this programme, you will be required to pay a non-refundable deposit to secure your place. Deposit payments are credited towards the total tuition fee payment.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Home deposit is £1000. The International deposit is £3000.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EIf you receive an offer before January, payment is due within two months of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 January and 31 March, payment is due within one month of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 April and 15 July, payment is due within two weeks of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 16 July and 10 August, payment is due within one week of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer from 11 August onwards, payment is due within three days of receiving the offer.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EIf you are a current undergraduate King’s student in receipt of the \u003Ca title=\"King's Living Bursary\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-legacy\u002Ffunding?feeStatus=null&keyword=King%27s%20Living%20Bursary&subject=null\"\u003EKing's Living Bursary\u003C\u002Fa\u003E this academic year, you are not required to pay a deposit to secure your place on the programme. Please note, this will not change the total fees payable for your chosen programme.\u003C\u002Fp\u003E\n\u003Cp\u003EPlease visit our web pages on \u003Ca title=\"Fees and Funding\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fpostgraduate-taught\u002Ffees-and-funding\"\u003Efees and funding\u003C\u002Fa\u003E for more information.\u003C\u002Fp\u003E","courseType":null,"awardingInstitutions":[],"furtherInformationWillBeDeleted":null,"optionalAccreditedInternships":false,"optionalInternships1":false,"relatedCourses":[{"entryThumbnail":null,"additionalLocation":null,"promoSection":{"greyTheme":true,"whiteTheme":false,"blueTheme":false,"title":"Explore more","promos":[{"entryTitle":"KBS Global Finance & Banking \u002F Analytics \u002F Marketing Pearson's online course","entryDescription":null,"entryThumbnail":null,"sys":{"id":"eda6694f-4ee3-4350-8cc6-1697bc5f3238","language":"en-GB","contentTypeId":"promoGroup","dataFormat":"entry","uri":null}},{"entryTitle":"Study","entryDescription":"Explore King's courses, events, fees, studying in London, application process, and more.","entryThumbnail":null,"sys":{"id":"53b55f5d-b28b-4655-b8db-a5b5c81d5fe5","language":"en-GB","contentTypeId":"hubPage","dataFormat":"entry","uri":"\u002Fstudy\u002Fhome"}}]},"assessmentMethods":[],"applicationClosingDateInfoOverride":"\u003Cp\u003E14 June 2022\u003C\u002Fp\u003E\n\u003Cp\u003E16 August 2022\u003C\u002Fp\u003E\n\u003Cp\u003E11 October 2022\u003C\u002Fp\u003E\n\u003Cp\u003E11 December 2022\u003C\u002Fp\u003E\n\u003Cp\u003E14 February 2023\u003C\u002Fp\u003E\n\u003Cp\u003E18 April 2023\u003C\u002Fp\u003E","deliveryMode":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"96436563-2ea0-47a9-98e9-56e9c6cb8935","language":"en-GB","contentTypeId":"deliveryMode","dataFormat":"entry","uri":null}}],"relatedNewsArticle":null,"languageRequirementBand":{"entryTitle":"B","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9896d42a-b892-4741-bbea-9d6c5d4ecda2","language":"en-GB","contentTypeId":"englishLanguageRequirementBand","dataFormat":"entry","uri":null}},"rfiReferenceToPearsonCRMForm":null,"nonStandardRequirements":null,"courseEssentialVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"orgUnits":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"pageOverride":"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc","synonyms":null,"onlineCourseFeeInformation":"\u003Cp\u003E\u003Cstrong\u003EThis programme will be accepting students in September 2024. You can view information about the course at: \u003Ca title=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\" href=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\"\u003Ehttps:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\u003C\u002Fa\u003E- Applications opening soon\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","relatedSpotlightStory":null,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":false,"includeInKCLSiteListings":true},"personalStatement":null,"courseAccreditorsImport":null,"optionalYearInIndustry":false,"additionalCosts":[],"employability":"\u003Cp\u003E\u003Cstrong\u003EThis programme will be accepting students in September 2024. You can view information about the course at: \u003Ca title=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\" href=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\"\u003Ehttps:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\u003C\u002Fa\u003E- Applications opening soon\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","careerDestinations":[],"otherRequirements":null,"detailsDisclaimerOverride":"\u003Cp\u003E\u003Cstrong\u003EThis programme will be accepting students in September 2024. You can view information about the course at: \u003Ca title=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\" href=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\"\u003Ehttps:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\u003C\u002Fa\u003E- Applications opening soon\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","courseDescriptionOldToBeDeleted":null,"entryTitle":"Global Finance & Banking MSc (online)","selectionProcess":null,"otherRequirementsImport":"\u003Ctable style=\"height: 242px; width: 54.9681%;\"\u003E\u003Ccaption\u003E \u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr style=\"height: 309px;\"\u003E\n\u003Cth style=\"height: 309px; width: 30.1968%;\"\u003E \u003C\u002Fth\u003E\n\u003Ctd style=\"height: 309px; width: 9.24674%;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"height: 309px; width: 141.15%;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr style=\"height: 34px;\"\u003E\n\u003Cth style=\"height: 34px; width: 30.1968%;\"\u003E \u003C\u002Fth\u003E\n\u003Ctd style=\"height: 34px; width: 9.24674%;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"height: 34px; width: 141.15%;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr style=\"height: 51px;\"\u003E\n\u003Cth style=\"height: 51px; width: 30.1968%;\"\u003E \u003C\u002Fth\u003E\n\u003Ctd style=\"height: 51px; width: 9.24674%;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"height: 51px; width: 141.15%;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Ctable style=\"width: 95.8523%; height: 117.958px;\"\u003E\u003Ccaption\u003E \u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr style=\"height: 22.3958px;\"\u003E\n\u003Cth style=\"width: 27.006%; height: 22.3958px;\"\u003E \u003C\u002Fth\u003E\n\u003Ctd style=\"width: 3.22308%; height: 22.3958px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 64.2862%; height: 22.3958px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr style=\"height: 44.7917px;\"\u003E\n\u003Cth style=\"width: 27.006%; height: 44.7917px;\"\u003E \u003C\u002Fth\u003E\n\u003Ctd style=\"width: 3.22308%; height: 44.7917px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 64.2862%; height: 44.7917px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr style=\"height: 28.375px;\"\u003E\n\u003Cth style=\"width: 27.006%; height: 28.375px;\"\u003E \u003C\u002Fth\u003E\n\u003Ctd style=\"width: 3.22308%; height: 28.375px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 64.2862%; height: 28.375px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr style=\"height: 22.3958px;\"\u003E\n\u003Cth style=\"width: 27.006%; height: 22.3958px;\"\u003E \u003C\u002Fth\u003E\n\u003Ctd style=\"width: 3.22308%; height: 22.3958px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 64.2862%; height: 22.3958px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","ukPartTimeFee":null,"compulsoryStudyAbroad":false,"professionalNetworkDestinations":[],"teaching":"\u003Cp\u003E\u003Cstrong\u003EThis programme will be accepting students in September 2024. You can view information about the course at: \u003Ca title=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\" href=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\"\u003Ehttps:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\u003C\u002Fa\u003E- Applications opening soon\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","studySubjectAreas":[{"entryTitle":"Management","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ed395740-9185-4dc7-a779-f47aaa62b982","language":"en-GB","contentTypeId":"studySubjectArea","dataFormat":"entry","uri":null}}],"teachingImport":null,"furtherFeeInformation":"This programme will be accepting students in September 2024. You can view information about the course at: https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc- Applications opening soon","pgr":false,"destinationPartners":[],"preferredSubjects":null,"internationalPartTimeFee":null,"teachingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"entryDescription":"Rooted in academic excellence and delivered by the triple-accredited King’s Business School, our Global Finance & Banking MSc offers a unique blend of theoretical methodologies grounded in real-world practice.","optionalModules":[],"relatedFeature":null,"year4Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"partners":[{"entryTitle":"CFA Institute's University Affiliation Programme","entryDescription":null,"entryThumbnail":null,"sys":{"id":"78265155-8554-4e0b-b160-a7e1a4b5629f","language":"en-GB","contentTypeId":"institution","dataFormat":"entry","uri":null}}],"regulations":null,"courseEssentials":"This programme will be accepting students in September 2024. You can view information about the course at: https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc- Applications opening soon","awardingInstitutionsImport":null,"keyBenefits":[],"studyMode":[{"entryTitle":"Distance Learning","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0efdb63b-5e0d-4f91-9264-7c0152b354f0","language":"en-GB","contentTypeId":"studyMode","dataFormat":"entry","uri":null}}],"campuses":[],"regulatingBodies":[],"testimonial":null,"feesAndFundingImport":null,"courseType":{"entryTitle":"Single honours","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c377f9ab-1c05-47ab-94c2-965efea13c25","language":"en-GB","contentTypeId":"courseType","dataFormat":"entry","uri":null}},"awardingInstitutions":[],"furtherInformationWillBeDeleted":null,"optionalAccreditedInternships":false,"optionalInternships1":false,"relatedCourses":[{"entryTitle":"Banking & Finance","entryDescription":"Explore the challenges facing financial markets and the global banking sector.","entryThumbnail":null,"sys":{"id":"f1001e0e-2239-4b3e-911f-251a8b8368b6","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fbanking-and-finance-msc"}},{"entryTitle":"Global Finance Analytics MSc (online)","entryDescription":"Our Global Finance Analytics MSc combines core finance principles with cutting-edge analytics, challenging you to delve into the industry’s most pressing topics: artificial intelligence, investment analysis, big data and machine learning. ","entryThumbnail":null,"sys":{"id":"9faa90f5-f4d8-4806-b315-dd6e05e8d46e","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fglobal-finance-analytics-msc-pg-dip"}}],"assessment":null,"gtmDataLayer":{"audience":{"entryTitle":"Prospective student","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a5192083-1116-416c-88f1-51bc33034c07","language":"en-GB","contentTypeId":"gtmCampaignType","dataFormat":"entry","uri":null}},"levelOfStudy":{"entryTitle":"Postgraduate Taught","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0a78a659-6f06-4244-93d2-ba9f197f9dc8","language":"en-GB","contentTypeId":"gtmCourseType","dataFormat":"entry","uri":null}},"subjectArea":{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"52049bef-3b93-4a9a-87a8-f52a363966d5","language":"en-GB","contentTypeId":"gtmSubjectArea","dataFormat":"entry","uri":null}},"department":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},"priority":null,"contentType":{"entryTitle":"Engagement","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6fd58846-03a7-40a3-905d-a5c6157dc1fc","language":"en-GB","contentTypeId":"gtmCampaign","dataFormat":"entry","uri":null}},"faculty":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},"applicationStatus":"Closed","qualificationImport":"MSc","learningOutcomes":null,"creditValue":"180","ucasCode":null,"image":{"altText":"","transformations":"w=780&h=585&crop=780,440,0,73","caption":"","asset":{"entryTitle":"banking and finance 4","entryDescription":null,"sys":{"id":"26411039-10eb-4c7c-95b9-c343c499ba29","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-4.x0c3b9f8d.jpg?w=780&h=585&crop=780,440,0,73"}}},"kisID":null,"courseVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"year1Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year3Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year5Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"masterOfLawsCourseEssentials":null,"qualification":null,"ukFee":null,"locationsImport":null,"requiredSubjects":null,"courseInformation":null,"optionalModulesDescription":null,"courseAccreditors":[],"purpose":null,"entryRequirement":null,"description":"Rooted in academic excellence and delivered by the triple-accredited King’s Business School, our Global Finance & Banking MSc offers a unique blend of theoretical methodologies grounded in real-world practice.","furtherLearning":null,"isOnline":true,"courseStructureOverride":null,"title":"Global Finance & Banking MSc (online)","sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"postgraduateCourse","language":"en-GB","allUris":["\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fglobal-finance-and-banking-msc"],"uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fglobal-finance-and-banking-msc","version":{"publishedBy":"k2362549","archived":null,"deleted":null,"createdBy":"k0960388","created":"2021-05-21T11:40:37.8062031Z","versionNo":"40.0","modified":"2024-06-12T11:32:38.5165977Z","modifiedBy":"k2362549","published":"2024-06-12T11:33:00.8554158Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d6e1ffd2-5334-402d-8ece-7dea3620cc44","projectId":"website","slug":"global-finance-banking","properties":{}},"year6Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"duration":"MSc: minimum two years, maximum six years","courseImage":{"altText":"banking and finance 4","transformations":"w=780&h=585&crop=780,450,0,68","caption":"","asset":{"entryTitle":"banking and finance 4","entryDescription":null,"sys":{"id":"26411039-10eb-4c7c-95b9-c343c499ba29","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-4.x0c3b9f8d.jpg?w=780&h=585&crop=780,450,0,68"}}},"feesVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"teachingMethods":[],"marketingBand":null,"courseAims":[],"internationalFee":null,"year2Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"relatedEvent":null,"optionalStudyAbroad":false,"fundingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"standardRequirementsOverride":"\u003Cp\u003E\u003Cstrong\u003EThis programme will be accepting students in September 2024. You can view information about the course at: \u003Ca title=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\" href=\"https:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\"\u003Ehttps:\u002F\u002Fonline.kcl.ac.uk\u002Fonline-masters\u002Fglobal-finance-banking-msc\u003C\u002Fa\u003E- Applications opening soon\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","contactInformation":null,"applicationDeadlineOnlineOverride":["2024-08-06T00:00:00"],"startDates":[],"professionalNetwork":null,"additionalCostsFurtherInformation":null,"courseStructureExplanation":null,"requiredModulesDescription":null,"requiredModules":[],"applyButtonOverride":{"entryTitle":"Apply Now","entryDescription":"KCL apply portal","entryThumbnail":null,"sys":{"id":"cbc43526-3833-4828-8e8f-2493f5e46168","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}},{"entryThumbnail":null,"additionalLocation":null,"promoSection":{"greyTheme":true,"whiteTheme":false,"blueTheme":false,"title":"Explore more","promos":[{"entryTitle":"Postgraduate Scholarships (King's Business School)","entryDescription":"Find out more about the postgraduate scholarships available at King's Business School.","entryThumbnail":null,"sys":{"id":"9bb98390-e9fb-4786-bb4f-a243e072c90b","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":"Chat to current students and staff to find out about life at King's.","entryThumbnail":null,"sys":{"id":"345d6b31-ed5a-4a55-bf4a-c67784ffcfc5","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Connect with a King’s Advisor","entryDescription":"Want to know more about studying at King's? We're here to help.","entryThumbnail":null,"sys":{"id":"43c7a74c-5929-4b6b-b130-9894a84f7ab3","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Find out more about our King's accommodation","entryDescription":"Discover your accommodation options and explore our residences.","entryThumbnail":null,"sys":{"id":"d93baca9-a7ca-432d-b1bf-e3e9ce63c062","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Virtual campus tours","entryDescription":"Can't join us in London? Take a virtual tour of our campuses instead!","entryThumbnail":null,"sys":{"id":"19e0e9eb-df83-4070-a513-5e6053076fb1","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Learning in London","entryDescription":"King's is right in the heart of the capital.","entryThumbnail":null,"sys":{"id":"a0c4b306-f54f-4afe-8d93-0f5e263e955c","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}]},"assessmentMethods":[],"applicationClosingDateInfoOverride":"\u003Cp\u003EWe encourage you to apply as early as possible so that there is sufficient time for your application to be assessed. We may need to request further information from you during the application process.\u003C\u002Fp\u003E\n\u003Cp\u003EKing's College London is committed to the recruitment of students with the greatest academic ability and to maintain a diverse student population. In order to ensure a balanced international student population for our most competitive programmes, we have implemented the following deadlines:\u003C\u002Fp\u003E\n\u003Cp\u003EFor applicants who are currently residing in mainland China, the first application deadline is 10 January 2025 (23:59 UK time).\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWe highly encourage you to apply by this deadline due to high demand, but applications will continue to be reviewed thereafter until the final application deadline on 9 March 2025 (23:59 UK time).\u003C\u002Fli\u003E\n\u003Cli\u003EIf you reside in mainland China and apply for this programme after the above final deadline, your application may be automatically withdrawn and you will not be eligible for an application fee refund.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFor all other applicants, our first application deadline is on 9 March 2025 (23:59 UK time). The final application deadlines for this programme are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EOverseas (international) fee status: 25 July 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003Cli\u003EHome fee status: 25 August 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EAfter the first application deadline in March:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eif the programme is not yet full, we will continue to accept applications until all available places are filled up to the final application deadlines above\u003C\u002Fli\u003E\n\u003Cli\u003Eif the programme becomes full before the final application deadlines stated above, we will close the programme to further applications\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EPlease note, you will not be eligible for an application fee refund if you apply after the first application deadline, and we are unable to process further offers because places are filled and we close the course before the final application deadline.\u003C\u002Fp\u003E","deliveryMode":[],"relatedNewsArticle":null,"languageRequirementBand":{"entryTitle":"B","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9896d42a-b892-4741-bbea-9d6c5d4ecda2","language":"en-GB","contentTypeId":"englishLanguageRequirementBand","dataFormat":"entry","uri":null}},"rfiReferenceToPearsonCRMForm":null,"nonStandardRequirements":null,"courseEssentialVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"orgUnits":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"pageOverride":null,"synonyms":null,"onlineCourseFeeInformation":null,"relatedSpotlightStory":null,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"personalStatement":"\u003Cp\u003EYou will be asked to submit the following documents in order for your application to be considered:\u003C\u002Fp\u003E\n\u003Ctable\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPersonal Statement\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EA personal statement is required. This can be entered directly into the online application form (maximum 4,000 characters) or uploaded as an attachment to the online application form (maximum 2 pages).\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPrevious Academic Study\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EA copy (or copies) of your official academic transcript(s), showing the subjects studied and marks obtained. If you have already completed your degree, copies of your official degree certificate will also be required. Applicants with academic documents issued in a language other than English, will need to submit both the original and official translation of their documents.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EReferences\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EOne academic reference is required. A professional reference will be accepted if you have completed your qualifications over five years ago. In some cases, we may request an additional reference from you.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EOther\u003C\u002Fth\u003E\n\u003Ctd\u003EOptional\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EApplicants may wish to include a CV (Resume) or evidence of professional registration as part of their application. \u003C\u002Fp\u003E\n\u003Cp\u003EWe do not require a GMAT or GRE score to be provided as part of your application, but a well-balanced score may strengthen your application. For the GMAT Exam (10th Edition) we look for a score of 670+. For the GMAT Exam (Focus Edition) we look for 78% or 615. For the GRE, we look for a score of 324 with 70-75% in verbal reasoning. Please fill in the “Professional and Other Relevant Qualifications” section within the application form, and share your score with King’s College London on the verification site and upload a scan of your results or screenshot of the email confirming your results.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","courseAccreditorsImport":null,"optionalYearInIndustry":false,"additionalCosts":["Books if you choose to buy your own copies ","Library fees and fines ","Personal photocopies ","Printing course handouts ","Society membership fees ","Stationery ","Travel costs for travel around London and between campuses","Graduation costs"],"employability":"\u003Cp\u003EAs a Business School student you not only have full access to all the award winning events and resources from our central team King’s Careers and Employability service but a bespoke service curated especially for you by our dedicated careers team.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\n\u003Cp\u003EDevelop greater self-awareness of strengths, interests and values. Increase confidence in presenting yours authentic self to employers and making career decisions that work for you.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EGain insight, make connections and uncover opportunities through our campus events and connections with world- leading organisations, alumni, thought leaders and investors.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003ESharpen your application skills for internships, placements, graduate schemes and jobs using cutting edge technology combined with personalised expert feedback and specialised workshops.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EBuild an impressive portfolio of work relevant domain knowledge, leadership, workplace digital or technical skills through employer and professional programmes and micro-certifications.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EApply and hone your skills in a real world context. Access a world-class range of internships, placements, start-up incubators, leadership initiatives and focused diversity and inclusion opportunities.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","careerDestinations":[],"otherRequirements":"\u003Cp\u003EUndergraduate degree with high 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social or applied science (e.g. finance, economics, management, engineering, applied mathematics, computer science or other relevant subject) or equivalent overseas qualification. Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E","detailsDisclaimerOverride":null,"courseDescriptionOldToBeDeleted":"\u003Cp\u003EThe MSc in Finance Analytics at King’s Business School is designed predominantly for graduates pursuing careers in financial data & analytics, either in large incumbent financial firms or one of the disruptors focused on financial innovation.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll cover the cutting-edge financial principles and technologies utilised in the industry through the following selection of core modules:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EIntroduction to Analytics in Finance\u003C\u002Fstrong\u003E – Become familiar with the industry standard quantitative methods used to analyse financial data.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPrinciples of Finance\u003C\u002Fstrong\u003E – Discover key fundamental topics in finance, including fixed income, asset pricing, equities, derivatives and portfolio management.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBig Data Analytics & Visualisation \u003C\u002Fstrong\u003E– Learn state-of-the-art methodologies and explore complex topics in financial analytics, such as high-dimensional regression, model selection and forecasting.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBusiness Risk Analytics\u003C\u002Fstrong\u003E – Study how recent developments in analytics have transformed financial firms’ ability to manage new and complex business risk types.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EYou will also have the chance to deepen your knowledge in analytics through studying one of the following modules:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBig Data, Text Business & Financial Analytics\u003C\u002Fstrong\u003E - Understand the key methods used in machine learning, text analysis, and high dimensional inference, applied to real-world problems in finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinTech Analytics & Robo Trading\u003C\u002Fstrong\u003E – Gain a detailed understanding of the FinTech, RegTech & Robo-trading landscape with coverage across all main areas of recent development, including Retail, Commercial and Capital market use-cases.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EConduct Risk Management\u003C\u002Fstrong\u003E – Learn how recent advancements in technology can facilitate efficient conduct risk management, against a backdrop of global regulation and the increased digitalisation of financial services.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EYou will also benefit from our range of optional modules, which will allow you to apply your learnings to wider topics in finance:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EEmpirical Finance\u003C\u002Fstrong\u003E – Compare of the effectiveness of alternative financial theories about stock prices and returns with real world financial data.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECorporate Finance\u003C\u002Fstrong\u003E – Learn the methods used to value investments, make corporate financing decisions and evaluate policies corporates undertake to make cash returns or dividend decisions to stakeholders.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Econometrics\u003C\u002Fstrong\u003E – Examine the relevant econometric techniques applied to key problems in finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBehavioural Finance\u003C\u002Fstrong\u003E – Examine the behavioural biases that financial market participants exhibit and study the resulting asset pricing anomalies.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPortfolio Management\u003C\u002Fstrong\u003E – Explore investment decision making and learn improved portfolio management techniques, specifically within an investment banking & asset management context.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll also undertake a 15,000 word \u003Cstrong\u003EResearch Project (Dissertation)\u003C\u002Fstrong\u003E, where you will conduct your own in-depth research and apply the knowledge & methods gained from studying our taught modules.\u003C\u002Fp\u003E","entryTitle":"Finance Analytics","selectionProcess":"\u003Cp\u003EApplications must be made online using \u003Ca title=\"Kings Apply\" href=\"https:\u002F\u002Fapply.kcl.ac.uk\u002F\"\u003EKing's Apply\u003C\u002Fa\u003E, the Admissions portal, and a non-refundable application fee of £130 applies.\u003C\u002Fp\u003E\n\u003Cp\u003EDue to the large volume of applications, this programme operates a partial “gathered-field” approach to decision making for applicants who meet our advertised academic entry requirements. This means that for some of these applicants, a decision may not be reached until after February and where possible, will be made by May. You will be informed via King's Apply if your application is being held.\u003C\u002Fp\u003E","otherRequirementsImport":"\u003Ctable\u003E\u003Ccaption\u003EFinance Analytics entry requirements\u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EMinimum requirements\u003C\u002Fth\u003E\n\u003Ctd\u003E\n\u003Cp\u003EHigh 2:1\u003C\u002Fp\u003E\n\u003Cp\u003E(65%)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EUndergraduate degree with high 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social or applied science (e.g. finance, economics, management, engineering, applied mathematics, computer science or other relevant subject) or equivalent overseas qualification. Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EInternational requirements\u003C\u002Fth\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"International entry requirements\" href=\"\u002Fstudy\u002Fundergraduate\u002Fapply\u002Fentry-requirements\u002Finternational.aspx\"\u003EInternational entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EEnglish Language requirements\u003C\u002Fth\u003E\n\u003Ctd\u003EBand B\u003C\u002Ftd\u003E\n\u003Ctd\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"English language entry requirements (UG)\" href=\"\u002Fstudy\u002Fundergraduate\u002Fapply\u002Fentry-requirements\u002Fenglish-language.aspx\"\u003EEnglish language entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E","ukPartTimeFee":null,"compulsoryStudyAbroad":false,"professionalNetworkDestinations":[],"teaching":"\u003Cp\u003EWe use lectures, seminars and group tutorials to deliver most of the modules on the course. You will also be expected to undertake a significant amount of independent study.\u003C\u002Fp\u003E\n\u003Cp\u003EThe total contact time for each 15-credit taught module is typically 20-30 hours. These sessions will include lectures, teacher-led and student-led group discussions based on the main areas of study. Each 15-credit taught also module has approximately 120-130 hours of self-guided learning time.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment.\u003C\u002Fp\u003E","studySubjectAreas":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"de12ddd8-1504-4d32-bbb9-04037d7b6a4a","language":"en-GB","contentTypeId":"studySubjectArea","dataFormat":"entry","uri":null}}],"teachingImport":"\u003Cp\u003EThe following table will give you an idea of what a typical academic workload might look like as you progress through your studies: \u003C\u002Fp\u003E\n\u003Ctable data-tablestyle=\"MsoNormalTable\" data-tablelook=\"1184\" aria-rowcount=\"11\"\u003E\n\u003Ctbody\u003E\n\u003Ctr aria-rowindex=\"4\"\u003E\n\u003Ctd data-celllook=\"69889\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EModule\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd data-celllook=\"69889\"\u003E\n\u003Cp\u003E\u003Cstrong\u003ELectures, seminars and feedback\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd data-celllook=\"69905\"\u003E\n\u003Cp\u003E\u003Cstrong\u003ESelf-study\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr aria-rowindex=\"5\"\u003E\n\u003Ctd data-celllook=\"69633\"\u003E\n\u003Cp\u003EPer 15-credit module\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd data-celllook=\"69649\"\u003E\n\u003Cp\u003EBetween 20 and 30 hours which typically consist of a combination of lectures, case discussion and class activities; there may be some variation in the precise format.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd data-celllook=\"69649\"\u003E\n\u003Cp\u003EApproximately 120-130 hours.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr aria-rowindex=\"6\"\u003E\n\u003Ctd data-celllook=\"69633\"\u003E\n\u003Cp\u003EDissertation module\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd data-celllook=\"69633\"\u003E\n\u003Cp\u003EDissertation workshops and one-to-one supervision.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd data-celllook=\"69649\"\u003E\n\u003Cp\u003EApproximately 595 hours self-study and project work.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003ETypically, one credit equates to 10 hours of work.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment.\u003C\u002Fp\u003E","furtherFeeInformation":"These tuition fees may be subject to additional increases in subsequent years of study, in line with King’s terms and conditions.","pgr":false,"destinationPartners":[],"preferredSubjects":null,"internationalPartTimeFee":null,"teachingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"entryDescription":"Experience rigorous applied training in quantitative and empirical methods in Finance.","optionalModules":[{"type":"modules","value":[{"entryTitle":"Empirical Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5a6c568d-268d-407f-bf2c-39e692db3f4f","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Corporate Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"40c118f5-aab4-4db8-9d3e-a60cb7f49ca6","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Econometrics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8f18538b-3149-4e75-821d-1f6ab24032d3","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Applied Behavioural Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"05e14663-7b99-45e4-bf2f-d062f78e1d4b","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Portfolio Management (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"385d541d-1173-4a8c-8e91-6ae6198a7b70","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Derivatives for Data Analytics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f906ea1b-73b7-4c3e-b1ea-d8972cea36e4","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Mathematical Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"71724e48-9d44-4ab7-9392-93d7841e4b0e","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]}],"relatedFeature":null,"year4Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"partners":[],"regulations":null,"courseEssentials":"Our MSc in Finance Analytics offers a unique combination of a rigorous academic programme that teaches the recent developments in data analytics and a unique practitioners’ view of how these developments are shaping the practical aspects of finance.\n\nFor example, the programme teaches big data methods with applications to risk management, product origination, and trading; text mining techniques with applications to forecasting; automation techniques with applications to robo-advice\u002Ftrading; and FinTech developments in banking.\n\nGraduates will thus gain knowledge and skills that are highly sought after by financial industry firms, including incumbent large financial institutions as well as disruptor\u002Fstart-ups focusing on innovation. In addition, given the importance of analytics in a broader context, the course provides skills that can be used across a wide range of industries outside Finance, including e-commerce, hospitality, retail, pharmaceutical, and media.\n\nStudent employability is one of the main focuses of the Programme. Firstly, the Programme has been designed in close collaboration with leading financial industry practitioners. Second, active senior finance industry practitioners participate in the teaching of a large proportion of the modules. Third, the Programme offers additional ungraded modules that enhance students’ programming skills as well as their understanding of financial markets.\n\nThis course is best suited for students with strong mathematical skills and quantitative backgrounds, such as finance, mathematics, engineering, computer science, and economics.","awardingInstitutionsImport":null,"keyBenefits":["Our course is designed to provide you with rigorous applied training in quantitative and empirical methods in finance, with a focus on big data analytics.","Learn about the internal workings of corporations, financial institutions and financial services firms, and their inter-relationships.","Become familiar with latest development in FinTech and automation, including Robo- advice and trading.","Located in the heart of London, King’s Business School has a strong reputation for research-led teaching and close links to the financial industry.","Apply for King's Business School scholarships of up to 50% tuition fees or £10,000 for our full-time postgraduate courses."],"studyMode":[{"entryTitle":"Full time","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5fe408e8-ad96-4308-b310-3c089c7acd9e","language":"en-GB","contentTypeId":"studyMode","dataFormat":"entry","uri":null}}],"campuses":[{"entryTitle":"Strand Campus","entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","entryThumbnail":null,"sys":{"id":"436ab4d3-aac9-4817-affa-966a0b93acdc","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},{"entryTitle":"Waterloo Campus","entryDescription":"Waterloo campus is home of the Florence Nightingale Faculty of Nursing & Midwifery and facilities for other faculties","entryThumbnail":null,"sys":{"id":"45b95966-4ae4-46ca-85bc-50c2538e1bbd","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}}],"regulatingBodies":[],"testimonial":{"entryTitle":"Tanay Gandhi, MSc Finance Analytics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d134363b-5850-4cb4-a330-133053894ecf","language":"en-GB","contentTypeId":"testimonial","dataFormat":"entry","uri":null}},"feesAndFundingImport":"\u003Cp\u003EIf you receive an offer for this programme, you will be required to pay a non-refundable deposit to secure your place. Deposit payments are credited towards the total tuition fee payment.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Home deposit is £1000. The International deposit is £3000.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EIf you receive an offer before January, payment is due within two months of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 January and 31 March, payment is due within one month of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 April and 15 July, payment is due within two weeks of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 16 July and 10 August, payment is due within one week of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer from 11 August onwards, payment is due within three days of receiving the offer.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EIf you are a current undergraduate King’s student in receipt of the \u003Ca title=\"King's Living Bursary\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-legacy\u002Ffunding?feeStatus=null&keyword=King%27s%20Living%20Bursary&subject=null\"\u003EKing's Living Bursary\u003C\u002Fa\u003E this academic year, you are not required to pay a deposit to secure your place on the programme. Please note, this will not change the total fees payable for your chosen programme.\u003C\u002Fp\u003E\n\u003Cp\u003EPlease visit our web pages on \u003Ca title=\"Fees and Funding\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fpostgraduate-taught\u002Ffees-and-funding\"\u003Efees and funding\u003C\u002Fa\u003E for more information.\u003C\u002Fp\u003E","courseType":null,"awardingInstitutions":[],"furtherInformationWillBeDeleted":null,"optionalAccreditedInternships":false,"optionalInternships1":false,"relatedCourses":[{"entryTitle":"Global Finance Analytics MSc (online)","entryDescription":"Our Global Finance Analytics MSc combines core finance principles with cutting-edge analytics, challenging you to delve into the industry’s most pressing topics: artificial intelligence, investment analysis, big data and machine learning. ","entryThumbnail":null,"sys":{"id":"9faa90f5-f4d8-4806-b315-dd6e05e8d46e","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fglobal-finance-analytics-msc-pg-dip"}},{"entryTitle":"Banking & Finance","entryDescription":"Explore the challenges facing financial markets and the global banking sector.","entryThumbnail":null,"sys":{"id":"f1001e0e-2239-4b3e-911f-251a8b8368b6","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fbanking-and-finance-msc"}},{"entryTitle":"Economics & Finance","entryDescription":"Learn about micro and macroeconomics, financial markets & services and the relationship between finance and econometrics.","entryThumbnail":null,"sys":{"id":"5ef9327d-ec5c-49ca-abbd-74d94a481eca","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Feconomics-finance-msc"}},{"entryTitle":"Finance (Asset Pricing)","entryDescription":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","entryThumbnail":null,"sys":{"id":"55696733-d2cf-4137-80b2-cd800a34b354","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc"}}],"assessment":"\u003Cp\u003EThroughout the degree students are assessed by a variety of methods, which include written examinations, coursework and individual or group projects and presentations for the taught modules. The dissertation is worth 60 credits. \u003C\u002Fp\u003E","gtmDataLayer":{"audience":{"entryTitle":"Prospective student","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a5192083-1116-416c-88f1-51bc33034c07","language":"en-GB","contentTypeId":"gtmCampaignType","dataFormat":"entry","uri":null}},"levelOfStudy":{"entryTitle":"Postgraduate Taught","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0a78a659-6f06-4244-93d2-ba9f197f9dc8","language":"en-GB","contentTypeId":"gtmCourseType","dataFormat":"entry","uri":null}},"subjectArea":{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"52049bef-3b93-4a9a-87a8-f52a363966d5","language":"en-GB","contentTypeId":"gtmSubjectArea","dataFormat":"entry","uri":null}},"department":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},"priority":{"entryTitle":"Bronze","entryDescription":null,"entryThumbnail":null,"sys":{"id":"08b24270-3a81-4718-9a8f-f33b042720d7","language":"en-GB","contentTypeId":"gtmCampaignLevel","dataFormat":"entry","uri":null}},"contentType":{"entryTitle":"Engagement","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6fd58846-03a7-40a3-905d-a5c6157dc1fc","language":"en-GB","contentTypeId":"gtmCampaign","dataFormat":"entry","uri":null}},"faculty":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},"applicationStatus":"Open","qualificationImport":"MSc","learningOutcomes":null,"creditValue":"180","ucasCode":"N\u002FA","image":{"altText":"","transformations":"w=780&h=536&crop=780,440,0,48","caption":"","asset":{"entryTitle":"accounting-finance-begins-at-kings-mobile","entryDescription":null,"sys":{"id":"c5df69e3-2d78-4ae3-81bf-8cdefe7f1107","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Faccounting-finance-begins-at-kings-mobile.xda0bc481.jpg?w=780&h=536&crop=780,440,0,48"}}},"kisID":null,"courseVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FFinance+Analytics+MSc+%7C+King%27s+Business+School\u002F1_20zie69v"},"year1Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year3Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year5Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"masterOfLawsCourseEssentials":null,"qualification":{"entryTitle":"MSc","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a9121a6c-5b91-422b-be64-c25bd605cc1a","language":"en-GB","contentTypeId":"qualification","dataFormat":"entry","uri":null}},"ukFee":"£43,000 per year (2025\u002F26)","locationsImport":null,"requiredSubjects":null,"courseInformation":"The world of finance is changing. With recent advances in technology, huge amounts of data are generated every second on a global scale. Finance professionals of the future will need to harness advanced technologies to process, analyse and ultimately extract key insights to tackle the challenges facing the industry. Students will acquire the knowledge and develop the skills and expertise needed for a broad range of careers in finance and other multinational organisations. \n\nWith a focus on big data analytics, our Finance Analytics MSc is designed to provide you with rigorous applied training in quantitative and empirical methods in Finance.\n\nThis course is suited to individuals with strong quantitative backgrounds who desire the skills & expertise needed for a range of highly skilled technical professions in finance. You'll study topics at the cutting edge of the finance industry such as data visualisation, big data, FinTech and robo-trading.\n\nWe also offer the fully online Global Finance Analytics MSc, PG Dip if the on-campus course is not suitable for you.","optionalModulesDescription":"And you are required to take 45 credits from a range of optional modules that may typically include: ","courseAccreditors":[],"purpose":"\u003Cp\u003EOur MSc in Finance Analytics offers a unique combination of a rigorous academic programme that teaches the recent developments in data analytics and a unique practitioners’ view of how these developments are shaping the practical aspects of finance.\u003C\u002Fp\u003E\n\u003Cp\u003EFor example, the programme teaches big data methods with applications to risk management, product origination, and trading; text mining techniques with applications to forecasting; automation techniques with applications to robo-advice\u002Ftrading; and FinTech developments in banking.\u003C\u002Fp\u003E\n\u003Cp\u003EGraduates will thus gain knowledge and skills that are highly sought after by financial industry firms, including incumbent large financial institutions as well as disruptor\u002Fstart-ups focusing on innovation. In addition, given the importance of analytics in a broader context, the course provides skills that can be used across a wide range of industries outside Finance, including e-commerce, hospitality, retail, pharmaceutical, and media.\u003C\u002Fp\u003E\n\u003Cp\u003EStudent employability is one of the main focuses of the Programme. Firstly, the Programme has been designed in close collaboration with leading financial industry practitioners. Second, active senior finance industry practitioners participate in the teaching of a large proportion of the modules. Third, the Programme offers additional ungraded modules that enhance students’ programming skills as well as their understanding of financial markets.\u003C\u002Fp\u003E\n\u003Cp\u003EThis course is best suited for students with strong mathematical skills and quantitative backgrounds, such as finance, mathematics, engineering, computer science, and economics.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cspan style=\"text-decoration: underline;\"\u003EUngraded modules\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAs part of the course, you will also have the chance to take ungraded modules alongside the above modules. These will allow you to gain practical, real world financial skills geared towards maximising your employability once you graduate.\u003C\u002Fp\u003E\n\u003Cp\u003EWe currently offer ungraded modules in the key programming languages, software and environments for finance, including Matlab, Python, C++, R, VBA and Stata. \u003C\u002Fp\u003E","entryRequirement":{"entryTitle":"High 2:1 (65%)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"7ad8c703-8ba3-401a-ab1b-7835bc2870ac","language":"en-GB","contentTypeId":"entryRequirementLevel","dataFormat":"entry","uri":null}},"description":"Experience rigorous applied training in quantitative and empirical methods in Finance.","furtherLearning":null,"isOnline":false,"courseStructureOverride":"Courses are divided into modules. You will normally take modules totalling 180 credits.","title":"Finance Analytics","sys":{"owner":"SearchDataImport","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"postgraduateCourse","language":"en-GB","allUris":["\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-analytics-msc"],"uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-analytics-msc","version":{"publishedBy":"k2478113","archived":null,"deleted":null,"createdBy":"SearchDataImport","created":"2021-05-20T09:15:58.1396791Z","versionNo":"18.0","modified":"2024-10-13T16:26:49.0562149Z","modifiedBy":"k2478113","published":"2024-10-16T14:05:23.1319823Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8fd4483e-892a-4af3-8c8f-e9f4c8ca0614","projectId":"website","slug":"finance-analytics-1","properties":{}},"year6Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"duration":"One year","courseImage":{"altText":"finance","transformations":"w=780&h=521&crop=780,450,0,36","caption":"","asset":{"entryTitle":"finance","entryDescription":null,"sys":{"id":"cb058d8a-67df-437d-ba07-8141f4d984c3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FAboutsection\u002Fprofessionalservices\u002Fstu-bus-systems\u002Ffinance.x0bddf12e.jpg?w=780&h=521&crop=780,450,0,36"}}},"feesVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"teachingMethods":[{"entryTitle":"Lectures","entryDescription":null,"entryThumbnail":null,"sys":{"id":"34dc3395-dca3-4821-a8cd-ed0c9415ec71","language":"en-GB","contentTypeId":"teachingMethod","dataFormat":"entry","uri":null}},{"entryTitle":"Tutorials","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b69ff4e2-3ee2-4a30-999a-6deca9539778","language":"en-GB","contentTypeId":"teachingMethod","dataFormat":"entry","uri":null}},{"entryTitle":"Individual or Group Projects","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ca6c0fda-0770-40c5-9893-2f207921aa16","language":"en-GB","contentTypeId":"teachingMethod","dataFormat":"entry","uri":null}}],"marketingBand":null,"courseAims":["Provide rigorous applied training in quantitative and empirical methods in finance, with a focus on big data analytics.","Explore the internal workings of corporations, financial institutions and financial services firms, and their inter-relationships.","Analyse the latest development in FinTech and automation, including Robo- advice and trading."],"internationalFee":"£43,000 per year (2025\u002F26)","year2Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"relatedEvent":null,"optionalStudyAbroad":false,"fundingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"standardRequirementsOverride":null,"contactInformation":{"entryTitle":"Contact Us (King's Contact Centre)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"1f32f109-c096-4de6-927c-a82014a1cfa5","language":"en-GB","contentTypeId":"contactInformation","dataFormat":"entry","uri":null}},"applicationDeadlineOnlineOverride":[],"startDates":[{"entryTitle":"September 2025","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97aab37c-ed5f-4b13-8d72-a6e0408c2e81","language":"en-GB","contentTypeId":"startDate","dataFormat":"entry","uri":null}}],"professionalNetwork":null,"additionalCostsFurtherInformation":null,"courseStructureExplanation":null,"requiredModulesDescription":"You are required to take:","requiredModules":[{"type":"modules","value":[{"entryTitle":"Introduction to Analytics in Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3fef3ddc-eb52-4711-b87d-8a05440d4c47","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Principles of Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5ab4e20c-de79-491b-af17-290c3fad19da","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Big Data Analytics and Visualisation (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6af728b3-f2b5-4db1-98c1-676ef86a5159","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Business Risk Analytics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f9777fe8-c083-408d-aa98-ba717b142813","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Dissertation (60 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"66038c2a-0cff-4ec6-8a48-3f4c9798e026","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]},{"type":"text","value":"In addition, you are required to take 15 credits from:"},{"type":"modules","value":[{"entryTitle":"Big Data and Text Business and Finance Analytics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4256bfd9-b272-4e1b-867c-61c63d8ae01a","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"FinTech Analytics and Robo Trading (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"52d4c935-8cdb-4389-b1c6-62a32ef331d7","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Conduct Risk Management (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3221bfe6-8598-4fd0-8f69-a17ea6c12768","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]}],"applyButtonOverride":null},{"entryThumbnail":null,"additionalLocation":null,"promoSection":{"greyTheme":true,"whiteTheme":false,"blueTheme":false,"title":"Explore more ","promos":[{"entryTitle":"Postgraduate Scholarships (King's Business School)","entryDescription":"Find out more about the postgraduate scholarships available at King's Business School.","entryThumbnail":null,"sys":{"id":"9bb98390-e9fb-4786-bb4f-a243e072c90b","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":"Chat to current students and staff to find out about life at King's.","entryThumbnail":null,"sys":{"id":"345d6b31-ed5a-4a55-bf4a-c67784ffcfc5","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Connect with a King’s Advisor","entryDescription":"Want to know more about studying at King's? We're here to help.","entryThumbnail":null,"sys":{"id":"43c7a74c-5929-4b6b-b130-9894a84f7ab3","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Find out more about our King's accommodation","entryDescription":"Discover your accommodation options and explore our residences.","entryThumbnail":null,"sys":{"id":"d93baca9-a7ca-432d-b1bf-e3e9ce63c062","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Virtual campus tours","entryDescription":"Can't join us in London? Take a virtual tour of our campuses instead!","entryThumbnail":null,"sys":{"id":"19e0e9eb-df83-4070-a513-5e6053076fb1","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Learning in London","entryDescription":"King's is right in the heart of the capital.","entryThumbnail":null,"sys":{"id":"a0c4b306-f54f-4afe-8d93-0f5e263e955c","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}]},"assessmentMethods":[],"applicationClosingDateInfoOverride":"\u003Cp\u003EWe encourage you to apply as early as possible so that there is sufficient time for your application to be assessed. We may need to request further information from you during the application process.\u003C\u002Fp\u003E\n\u003Cp\u003EKing's College London is committed to the recruitment of students with the greatest academic ability and to maintain a diverse student population. In order to ensure a balanced international student population for our most competitive programmes, we have implemented the following deadlines:\u003C\u002Fp\u003E\n\u003Cp\u003EFor applicants who are currently residing in mainland China, the first application deadline is 10 January 2025 (23:59 UK time).\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWe highly encourage you to apply by this deadline due to high demand, but applications will continue to be reviewed thereafter until the final application deadline on 9 March 2025 (23:59 UK time).\u003C\u002Fli\u003E\n\u003Cli\u003EIf you reside in mainland China and apply for this programme after the above final deadline, your application may be automatically withdrawn and you will not be eligible for an application fee refund.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFor all other applicants, our first application deadline is on 9 March 2025 (23:59 UK time). The final application deadlines for this programme are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EOverseas (international) fee status: 25 July 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003Cli\u003EHome fee status: 25 August 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EAfter the first application deadline in March:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eif the programme is not yet full, we will continue to accept applications until all available places are filled up to the final application deadlines above\u003C\u002Fli\u003E\n\u003Cli\u003Eif the programme becomes full before the final application deadlines stated above, we will close the programme to further applications\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EPlease note, you will not be eligible for an application fee refund if you apply after the first application deadline, and we are unable to process further offers because places are filled and we close the course before the final application deadline.\u003C\u002Fp\u003E","deliveryMode":[],"relatedNewsArticle":null,"languageRequirementBand":{"entryTitle":"B","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9896d42a-b892-4741-bbea-9d6c5d4ecda2","language":"en-GB","contentTypeId":"englishLanguageRequirementBand","dataFormat":"entry","uri":null}},"rfiReferenceToPearsonCRMForm":null,"nonStandardRequirements":null,"courseEssentialVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"orgUnits":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"pageOverride":null,"synonyms":null,"onlineCourseFeeInformation":null,"relatedSpotlightStory":null,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"personalStatement":"\u003Cp\u003EYou will be asked to submit the following documents in order for your application to be considered:\u003C\u002Fp\u003E\n\u003Ctable\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPersonal Statement\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EA personal statement is required. This can be entered directly into the online application form (maximum 4,000 characters) or uploaded as an attachment to the online application form (maximum 2 pages).\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPrevious Academic Study\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EA copy (or copies) of your official academic transcript(s), showing the subjects studied and marks obtained. If you have already completed your degree, copies of your official degree certificate will also be required. Applicants with academic documents issued in a language other than English, will need to submit both the original and official translation of their documents.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EReferences\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EOne academic reference is required. A professional reference will be accepted if you have completed your qualifications over five years ago. In some cases, we may request an additional reference from you.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EOther\u003C\u002Fth\u003E\n\u003Ctd\u003EOptional\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EApplicants may wish to include a CV (Resume) or evidence of professional registration as part of their application.\u003C\u002Fp\u003E\n\u003Cp\u003EWe do not require a GMAT or GRE score to be provided as part of your application, but a well-balanced score may strengthen your application. For the GMAT Exam (10th Edition) we look for a score of 670+. For the GMAT Exam (Focus Edition) we look for 78% or 615. For the GRE, we look for a score of 324 with 70-75% in verbal reasoning. Please fill in the “Professional and Other Relevant Qualifications” section within the application form, and share your score with King’s College London on the verification site and upload a scan of your results or screenshot of the email confirming your results.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","courseAccreditorsImport":null,"optionalYearInIndustry":false,"additionalCosts":["Books if you choose to buy your own copies ","Library fees and fines ","Personal photocopies ","Printing course handouts ","Society membership fees ","Stationery ","Travel costs for travel around London and between campuses ","Graduation costs"],"employability":"\u003Cp\u003EAs a Business School student you not only have full access to all the award winning events and resources from our central team King’s Careers and Employability service but a bespoke service curated especially for you by our dedicated careers team.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\n\u003Cp\u003EDevelop greater self-awareness of strengths, interests and values. Increase confidence in presenting yours authentic self to employers and making career decisions that work for you.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EGain insight, make connections and uncover opportunities through our campus events and connections with world- leading organisations, alumni, thought leaders and investors.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003ESharpen your application skills for internships, placements, graduate schemes and jobs using cutting edge technology combined with personalised expert feedback and specialised workshops.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EBuild an impressive portfolio of work relevant domain knowledge, leadership, workplace digital or technical skills through employer and professional programmes and micro-certifications.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EApply and hone your skills in a real world context. Access a world-class range of internships, placements, start-up incubators, leadership initiatives and focused diversity and inclusion opportunities.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","careerDestinations":[],"otherRequirements":"\u003Cp\u003EUndergraduate degree with High 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social science related area (e.g. management, economics, finance or other relevant subject). Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E","detailsDisclaimerOverride":null,"courseDescriptionOldToBeDeleted":"\u003Cp\u003EYou’ll develop your knowledge of theory and model based analytical methods. Our focus is on quantitative techniques, taking mathematical, statistical, and econometric methods and applying them to the world of finance.\u003C\u002Fp\u003E\n\u003Cp\u003EBy the end of your studies, you’ll be able to apply core finance theory to real issues in the industry. And you’ll come away with an understanding of verbal, mathematical, graphical, and econometric representation of financial ideas. You’ll also have the skills to assess the functioning of financial and banking sectors around the world.\u003C\u002Fp\u003E","entryTitle":"Finance (Asset Pricing)","selectionProcess":"\u003Cp\u003EApplications must be made online using \u003Ca title=\"Kings Apply\" href=\"https:\u002F\u002Fapply.kcl.ac.uk\u002F\"\u003EKing's Apply\u003C\u002Fa\u003E, the Admissions portal, and a non-refundable application fee of £130 applies.\u003C\u002Fp\u003E\n\u003Cp\u003EDue to the large volume of applications, this programme operates a partial “gathered-field” approach to decision making for applicants who meet our advertised academic entry requirements. This means that for some of these applicants, a decision may not be reached until after February and where possible, will be made by May. You will be informed via King's Apply if your application is being held.\u003C\u002Fp\u003E","otherRequirementsImport":"\u003Ctable style=\"width: px;\"\u003E\u003Ccaption\u003E \u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 136.281px;\"\u003EMinimum requirements \u003C\u002Fth\u003E\n\u003Ctd style=\"width: 177.375px;\"\u003E\n\u003Cp\u003EHigh 2:1\u003C\u002Fp\u003E\n\u003Cp\u003E(65%)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 412.344px;\"\u003E\n\u003Cp\u003EUndergraduate degree with High 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social science related area (e.g. management, economics, finance or other relevant subject). Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 136.281px;\"\u003EInternational requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 177.375px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 412.344px;\"\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"International entry requirements\" href=\"\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Finternational.aspx\"\u003EInternational entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 136.281px;\"\u003EEnglish Language requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 177.375px;\"\u003EBand B\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 412.344px;\"\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"English language requirements (PG)\" href=\"\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Fenglish-language.aspx\"\u003EEnglish language entry requirements\u003C\u002Fa\u003E.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E","ukPartTimeFee":null,"compulsoryStudyAbroad":false,"professionalNetworkDestinations":[],"teaching":"\u003Cp\u003EWe use lectures, seminars and group tutorials to deliver most of the modules on the course. You will also be expected to undertake a significant amount of independent study.\u003C\u002Fp\u003E\n\u003Cp\u003EThe total contact time for each 15-credit taught module is typically 20-30 hours. These sessions will include lectures, teacher-led and student-led group discussions based on the main areas of study. Each 15-credit taught also module has approximately 120-130 hours of self-guided learning time.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment.\u003C\u002Fp\u003E","studySubjectAreas":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"de12ddd8-1504-4d32-bbb9-04037d7b6a4a","language":"en-GB","contentTypeId":"studySubjectArea","dataFormat":"entry","uri":null}}],"teachingImport":"\u003Cp\u003EThe following table will give you an idea of what a typical academic workload might look like as you progress through your studies:\u003C\u002Fp\u003E\n\u003Ctable border=\"1\"\u003E\u003Ccaption\u003Eteaching\u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EModule\u003C\u002Fth\u003E\n\u003Cth\u003ELectures, seminars and feedback\u003C\u002Fth\u003E\n\u003Cth\u003ESelf-study\u003C\u002Fth\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003EPer 15 credit module\u003C\u002Ftd\u003E\n\u003Ctd\u003EBetween 20 and 30 hours which typically consist of a combination of lectures, case discussion and class activities; there may be some variation in the precise format.\u003C\u002Ftd\u003E\n\u003Ctd\u003EApproximately 120-130 hours.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003EDissertation module\u003C\u002Ftd\u003E\n\u003Ctd\u003EDissertation workshops and one-to-one supervision.\u003C\u002Ftd\u003E\n\u003Ctd\u003EApproximately 595 hours self-study and project work.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ETypically, one credit equates to 10 hours of work.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment\u003C\u002Fp\u003E","furtherFeeInformation":"These tuition fees may be subject to additional increases in subsequent years of study, in line with King’s terms and conditions.","pgr":false,"destinationPartners":[],"preferredSubjects":null,"internationalPartTimeFee":null,"teachingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"entryDescription":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","optionalModules":[{"type":"modules","value":[{"entryTitle":"Financial Derivatives (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"12029af5-58d4-4864-b8bc-dbcd2f0d714f","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Empirical Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"cad51772-e5d4-43ab-89ee-81e88851b932","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Risk Management Theory and Applications (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d74354bd-2eb3-49f4-a07b-93e4290d0236","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Econometrics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8f18538b-3149-4e75-821d-1f6ab24032d3","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Regulation and Governance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2562d8f7-8582-495d-81e5-acd9b4d50e2d","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Topics in Applied Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"7e980b23-19d0-4aa9-a300-3f67b1f8e69d","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Principles Behavioral Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9d66e3f5-b3cb-49ee-a7db-bef157ef28d2","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"International Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a23b957-40e8-42e2-82ce-cfbca0ec149d","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Engineering (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3f680b06-ff58-4bd1-9c82-9fefdbaa0d9f","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Computational Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"30b91738-4e2c-470a-88e3-785c90f97677","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Bond Markets, Analysis & Strategies (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"17fcce32-77ab-47a0-bca4-4d7c783e7679","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Applied Financial Derivatives (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"aebe6f6f-3255-43c9-bc28-686d54f93b1e","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Corporate Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ebd19730-d387-4de9-b9b5-b156788ec8f7","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]}],"relatedFeature":null,"year4Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"partners":[],"regulations":null,"courseEssentials":"The course seeks to provide a high-quality postgraduate education in Finance (Asset Pricing) in a research active and intellectually challenging environment. Students and professionals will focus on major issues in the area of finance such as investment analysis in financial markets, analysis of financial markets, models of asset prices and returns, optimal investment, and risk and portfolio management.\n\nBy the end of your studies, you’ll be able to apply core finance theory to real issues in the industry. And you’ll come away with an understanding of verbal, mathematical, graphical, and econometric representation of financial ideas. You’ll also have the skills to assess the functioning of financial and banking sectors around the world.","awardingInstitutionsImport":"King's College London","keyBenefits":["Our course provides you with a thorough knowledge of how complex financial markets operate.","Our practitioners have extensive and wide-ranging experience in the finance industry, providing invaluable contributions to the teaching of the modules and bringing theory into practice.","Close links and regular speakers from financial organisations give you insights and up-to-the-minute knowledge of the subject area and bring practical insights into the classroom by applying the theory to real-world scenarios.","Located in the heart of London, King's Business School has a strong reputation for research-led teaching and links to industry.","Apply for King's Business School scholarships of up to 50% tuition fees or £10,000 for our full-time postgraduate courses."],"studyMode":[{"entryTitle":"Full time","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5fe408e8-ad96-4308-b310-3c089c7acd9e","language":"en-GB","contentTypeId":"studyMode","dataFormat":"entry","uri":null}}],"campuses":[{"entryTitle":"Strand Campus","entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","entryThumbnail":null,"sys":{"id":"436ab4d3-aac9-4817-affa-966a0b93acdc","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},{"entryTitle":"Waterloo Campus","entryDescription":"Waterloo campus is home of the Florence Nightingale Faculty of Nursing & Midwifery and facilities for other faculties","entryThumbnail":null,"sys":{"id":"45b95966-4ae4-46ca-85bc-50c2538e1bbd","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}}],"regulatingBodies":[],"testimonial":{"entryTitle":"Finance (Asset Pricing)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"23586a42-5f46-4998-8017-5e667aa0804a","language":"en-GB","contentTypeId":"testimonial","dataFormat":"entry","uri":null}},"feesAndFundingImport":"\u003Cp\u003EIf you receive an offer for this programme, you will be required to pay a non-refundable deposit to secure your place. Deposit payments are credited towards the total tuition fee payment.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Home deposit is £1000. The International deposit is £3000.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EIf you receive an offer before January, payment is due within two months of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 January and 31 March, payment is due within one month of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 April and 15 July, payment is due within two weeks of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 16 July and 10 August, payment is due within one week of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer from 11 August onwards, payment is due within three days of receiving the offer.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EIf you are a current undergraduate King’s student in receipt of the \u003Ca title=\"King's Living Bursary\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-legacy\u002Ffunding?feeStatus=null&keyword=King%27s%20Living%20Bursary&subject=null\"\u003EKing's Living Bursary\u003C\u002Fa\u003E this academic year, you are not required to pay a deposit to secure your place on the programme. Please note, this will not change the total fees payable for your chosen programme.\u003C\u002Fp\u003E\n\u003Cp\u003EPlease visit our web pages on \u003Ca title=\"Fees and Funding\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fpostgraduate-taught\u002Ffees-and-funding\"\u003Efees and funding\u003C\u002Fa\u003E for more information.\u003C\u002Fp\u003E","courseType":null,"awardingInstitutions":[],"furtherInformationWillBeDeleted":null,"optionalAccreditedInternships":false,"optionalInternships1":false,"relatedCourses":[],"assessment":"\u003Cp\u003EThroughout the degree students are assessed by a variety of methods, which include written examinations, coursework and individual or group projects and presentations for the taught modules. The dissertation submitted in September each year is worth 60 credits. Assignment feedback is provided within four working weeks of submission.\u003C\u002Fp\u003E","gtmDataLayer":{"audience":{"entryTitle":"Prospective student","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a5192083-1116-416c-88f1-51bc33034c07","language":"en-GB","contentTypeId":"gtmCampaignType","dataFormat":"entry","uri":null}},"levelOfStudy":{"entryTitle":"Postgraduate Taught","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0a78a659-6f06-4244-93d2-ba9f197f9dc8","language":"en-GB","contentTypeId":"gtmCourseType","dataFormat":"entry","uri":null}},"subjectArea":{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"52049bef-3b93-4a9a-87a8-f52a363966d5","language":"en-GB","contentTypeId":"gtmSubjectArea","dataFormat":"entry","uri":null}},"department":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},"priority":{"entryTitle":"Bronze","entryDescription":null,"entryThumbnail":null,"sys":{"id":"08b24270-3a81-4718-9a8f-f33b042720d7","language":"en-GB","contentTypeId":"gtmCampaignLevel","dataFormat":"entry","uri":null}},"contentType":{"entryTitle":"Engagement","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6fd58846-03a7-40a3-905d-a5c6157dc1fc","language":"en-GB","contentTypeId":"gtmCampaign","dataFormat":"entry","uri":null}},"faculty":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},"applicationStatus":"Open","qualificationImport":"MSc","learningOutcomes":null,"creditValue":"UK 180 \u002F ECTS 90","ucasCode":"N\u002FA","image":{"altText":"","transformations":"w=780&h=483&crop=780,440,0,0","caption":"","asset":{"entryTitle":"Asset Pricing","entryDescription":null,"sys":{"id":"87ce01a6-3019-472b-90bd-d6ee08aaf138","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudy\u002Fpostgraduate\u002Fasset-pricing.x4b12c813.jpg?w=780&h=483&crop=780,440,0,0"}}},"kisID":null,"courseVideo":{"videoDescription":null,"videoTitle":"Finance (Asset Pricing) MSc","kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FFinance%20(Asset%20Pricing)%20MSc%20King's%20Business%20School\u002F1_1bdt1f13"},"year1Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year3Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year5Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"masterOfLawsCourseEssentials":null,"qualification":{"entryTitle":"MSc","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a9121a6c-5b91-422b-be64-c25bd605cc1a","language":"en-GB","contentTypeId":"qualification","dataFormat":"entry","uri":null}},"ukFee":"£43,000 per year (2025\u002F26)","locationsImport":"The majority of learning for this degree takes place at the King’s College London Strand and Waterloo campuses. Please note that locations are determined by where each module is taught and may vary depending on the optional modules you select.","requiredSubjects":null,"courseInformation":"In our MSc in Finance (Asset Pricing) you will develop your understanding of the financial instruments that determine asset prices and examine how complex financial markets operate. \n\nThe course will focus on major issues in the area of finance such as investment analysis in financial markets, modules focus on topics like investment analysis in financial markets, models of asset prices and returns, optimal investment, and risk and portfolio management.\n\nWe'll challenge you to think critically about the industry. And the diverse community on the course will provide the ideal environment for networking and learning. ","optionalModulesDescription":"In addition, you are required to take 45 credits from a range of optional modules that may typically include:","courseAccreditors":[],"purpose":"\u003Cp\u003EWhether you’re a current student or a working professional, we’ll provide an intellectually challenging environment for you to learn about financial markets.\u003C\u002Fp\u003E\n\u003Cp\u003EPart of our mission at King’s Business School is to create future leaders. We’ll make sure you’re equipped with all the skills you’ll need in your career, whether that’s academic research, policymaking, or managing financial institutions.\u003C\u002Fp\u003E","entryRequirement":{"entryTitle":"High 2:1 (65%)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"7ad8c703-8ba3-401a-ab1b-7835bc2870ac","language":"en-GB","contentTypeId":"entryRequirementLevel","dataFormat":"entry","uri":null}},"description":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","furtherLearning":null,"isOnline":false,"courseStructureOverride":"Courses are divided into modules. You will normally take modules totaling 180 credits.","title":"Finance (Asset Pricing)","sys":{"owner":"SearchDataImport","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"postgraduateCourse","language":"en-GB","allUris":["\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc"],"uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc","version":{"publishedBy":"k2478113","archived":null,"deleted":null,"createdBy":"SearchDataImport","created":"2021-05-20T09:15:59.1252131Z","versionNo":"18.0","modified":"2024-10-15T12:18:20.0580342Z","modifiedBy":"k0961520","published":"2024-10-16T14:04:07.9555947Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"55696733-d2cf-4137-80b2-cd800a34b354","projectId":"website","slug":"finance-asset-pricing-1","properties":{}},"year6Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"duration":"One year full-time, September to September","courseImage":{"altText":"Asset Pricing","transformations":"w=780&h=483&crop=780,450,0,0","caption":"","asset":{"entryTitle":"Asset Pricing","entryDescription":null,"sys":{"id":"87ce01a6-3019-472b-90bd-d6ee08aaf138","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudy\u002Fpostgraduate\u002Fasset-pricing.x4b12c813.jpg?w=780&h=483&crop=780,450,0,0"}}},"feesVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"teachingMethods":[],"marketingBand":null,"courseAims":[],"internationalFee":"£43,000 per year (2025\u002F26)","year2Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"relatedEvent":null,"optionalStudyAbroad":false,"fundingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"standardRequirementsOverride":null,"contactInformation":{"entryTitle":"Contact Us (King's Contact Centre)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"1f32f109-c096-4de6-927c-a82014a1cfa5","language":"en-GB","contentTypeId":"contactInformation","dataFormat":"entry","uri":null}},"applicationDeadlineOnlineOverride":[],"startDates":[{"entryTitle":"September 2025","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97aab37c-ed5f-4b13-8d72-a6e0408c2e81","language":"en-GB","contentTypeId":"startDate","dataFormat":"entry","uri":null}}],"professionalNetwork":null,"additionalCostsFurtherInformation":null,"courseStructureExplanation":null,"requiredModulesDescription":"You are required to take:","requiredModules":[{"type":"modules","value":[{"entryTitle":"Quantitative Finance and Analytics Techniques (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8689af4c-0f49-4dc1-b1a3-9adcb1fa3dc7","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Investments Analysis (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9878f67a-5341-4db9-91ac-1c21b621c9bb","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Applied Corporate Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d2718374-740f-4724-b09e-43f369a15c61","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Markets & Institutions (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"dd23064f-b68e-4384-87fc-92923d51d205","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Asset Pricing (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8f4450fd-3c99-4e24-a2f3-32c8d948bdd3","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Dissertation (60 Credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a368adbd-6fb8-4662-9f21-824732d6518f","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]}],"applyButtonOverride":null},{"entryThumbnail":null,"additionalLocation":null,"promoSection":{"greyTheme":true,"whiteTheme":false,"blueTheme":false,"title":"Explore more ","promos":[{"entryTitle":"Postgraduate Scholarships (King's Business School)","entryDescription":"Find out more about the postgraduate scholarships available at King's Business School.","entryThumbnail":null,"sys":{"id":"9bb98390-e9fb-4786-bb4f-a243e072c90b","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Chat to students and staff","entryDescription":"Chat to current students and staff to find out about life at King's.","entryThumbnail":null,"sys":{"id":"345d6b31-ed5a-4a55-bf4a-c67784ffcfc5","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Connect with a King’s Advisor","entryDescription":"Want to know more about studying at King's? We're here to help.","entryThumbnail":null,"sys":{"id":"43c7a74c-5929-4b6b-b130-9894a84f7ab3","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Find out more about our King's accommodation","entryDescription":"Discover your accommodation options and explore our residences.","entryThumbnail":null,"sys":{"id":"d93baca9-a7ca-432d-b1bf-e3e9ce63c062","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Virtual campus tours","entryDescription":"Can't join us in London? Take a virtual tour of our campuses instead!","entryThumbnail":null,"sys":{"id":"19e0e9eb-df83-4070-a513-5e6053076fb1","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Learning in London","entryDescription":"King's is right in the heart of the capital.","entryThumbnail":null,"sys":{"id":"a0c4b306-f54f-4afe-8d93-0f5e263e955c","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}]},"assessmentMethods":[],"applicationClosingDateInfoOverride":"\u003Cp\u003EWe encourage you to apply as early as possible so that there is sufficient time for your application to be assessed. We may need to request further information from you during the application process.\u003C\u002Fp\u003E\n\u003Cp\u003EKing's College London is committed to the recruitment of students with the greatest academic ability and to maintain a diverse student population. In order to ensure a balanced international student population for our most competitive programmes, we have implemented the following deadlines:\u003C\u002Fp\u003E\n\u003Cp\u003EFor applicants who are currently residing in mainland China, the first application deadline is 10 January 2025 (23:59 UK time).\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWe highly encourage you to apply by this deadline due to high demand, but applications will continue to be reviewed thereafter until the final application deadline on 9 March 2025 (23:59 UK time).\u003C\u002Fli\u003E\n\u003Cli\u003EIf you reside in mainland China and apply for this programme after the above final deadline, your application may be automatically withdrawn and you will not be eligible for an application fee refund.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFor all other applicants, our first application deadline is on 9 March 2025 (23:59 UK time). The final application deadlines for this programme are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EOverseas (international) fee status: 25 July 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003Cli\u003EHome fee status: 25 August 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EAfter the first application deadline in March:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eif the programme is not yet full, we will continue to accept applications until all available places are filled up to the final application deadlines above\u003C\u002Fli\u003E\n\u003Cli\u003Eif the programme becomes full before the final application deadlines stated above, we will close the programme to further applications\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EPlease note, you will not be eligible for an application fee refund if you apply after the first application deadline, and we are unable to process further offers because places are filled and we close the course before the final application deadline.\u003C\u002Fp\u003E","deliveryMode":[],"relatedNewsArticle":null,"languageRequirementBand":{"entryTitle":"B","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9896d42a-b892-4741-bbea-9d6c5d4ecda2","language":"en-GB","contentTypeId":"englishLanguageRequirementBand","dataFormat":"entry","uri":null}},"rfiReferenceToPearsonCRMForm":null,"nonStandardRequirements":null,"courseEssentialVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"orgUnits":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"pageOverride":null,"synonyms":null,"onlineCourseFeeInformation":null,"relatedSpotlightStory":null,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"personalStatement":"\u003Cp\u003EYou will be asked to submit the following documents in order for your application to be considered:\u003C\u002Fp\u003E\n\u003Ctable\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPersonal Statement\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EA personal statement is required. This can be entered directly into the online application form (maximum 4,000 characters) or uploaded as an attachment to the online application form (maximum 2 pages).\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPrevious Academic Study\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EA copy (or copies) of your official academic transcript(s), showing the subjects studied and marks obtained. If you have already completed your degree, copies of your official degree certificate will also be required. Applicants with academic documents issued in a language other than English, will need to submit both the original and official translation of their documents.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EReferences\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EOne academic reference is required. A professional reference will be accepted if you have completed your qualifications over five years ago. In some cases, we may request an additional reference from you.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EOther\u003C\u002Fth\u003E\n\u003Ctd\u003EOptional\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EApplicants may wish to include a CV (Resume) or evidence of professional registration as part of their application.\u003C\u002Fp\u003E\n\u003Cp\u003EWe do not require a GMAT or GRE score to be provided as part of your application, but a well-balanced score may strengthen your application. For the GMAT Exam (10th Edition) we look for a score of 670+. For the GMAT Exam (Focus Edition) we look for 78% or 615. For the GRE, we look for a score of 324 with 70-75% in verbal reasoning. Please fill in the “Professional and Other Relevant Qualifications” section within the application form, and share your score with King’s College London on the verification site and upload a scan of your results or screenshot of the email confirming your results.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","courseAccreditorsImport":null,"optionalYearInIndustry":false,"additionalCosts":["Books if you choose to buy your own copies","Library fees and fines","Personal photocopies","Printing course handouts","Society membership fees","Stationery","Travel costs for travel around London and between campuses","Graduation costs"],"employability":"\u003Cp\u003EAs a Business School student you not only have full access to all the award winning events and resources from our central team King’s Careers and Employability service but a bespoke service curated especially for you by our dedicated careers team.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\n\u003Cp\u003EDevelop greater self-awareness of strengths, interests and values. Increase confidence in presenting yours authentic self to employers and making career decisions that work for you.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EGain insight, make connections and uncover opportunities through our campus events and connections with world- leading organisations, alumni, thought leaders and investors.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003ESharpen your application skills for internships, placements, graduate schemes and jobs using cutting edge technology combined with personalised expert feedback and specialised workshops.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EBuild an impressive portfolio of work relevant domain knowledge, leadership, workplace digital or technical skills through employer and professional programmes and micro-certifications.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EApply and hone your skills in a real world context. Access a world-class range of internships, placements, start-up incubators, leadership initiatives and focused diversity and inclusion opportunities.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","careerDestinations":[],"otherRequirements":"\u003Cp\u003EUndergraduate degree with high 2:1 honours (i.e. overall average of at least 65% across all years of study) in economics, finance, the natural sciences, mathematics, or social science, with evidence of a quantitative background. We encourage applications from applicants with a sciences background (e.g. Engineering).\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note:\u003C\u002Fstrong\u003E Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E","detailsDisclaimerOverride":null,"courseDescriptionOldToBeDeleted":"\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EThe programme is designed to cover contemporary empirical evidence in applied economics, with a focus on labour markets and the health and education sectors and\u002For international economics as well as internal workings of corporations, financial institutions and financial services firms and their inter-relationships. \u003C\u002Fp\u003E","entryTitle":"Economics & Finance","selectionProcess":"\u003Cp\u003EApplications must be made online using \u003Ca title=\"Kings Apply\" href=\"https:\u002F\u002Fapply.kcl.ac.uk\u002F\"\u003EKing's Apply\u003C\u002Fa\u003E, the Admissions portal, and a non-refundable application fee of £130 applies.\u003C\u002Fp\u003E\n\u003Cp\u003EDue to the large volume of applications, this programme operates a partial “gathered-field” approach to decision making for applicants who meet our advertised academic entry requirements. This means that for some of these applicants, a decision may not be reached until after February and where possible, will be made by May. You will be informed via King's Apply if your application is being held.\u003C\u002Fp\u003E","otherRequirementsImport":"\u003Ctable\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 109px;\"\u003EMinimum UK requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 66px;\"\u003E\n\u003Cp\u003EHigh 2:1\u003C\u002Fp\u003E\n\u003Cp\u003E(65%)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 549px;\"\u003E\n\u003Cp\u003EUndergraduate degree with high 2:1 honours (i.e. overall average of at least 65% across all years of study) in economics, finance, the natural sciences, mathematics, or social science, with evidence of a quantitative background. We encourage applications from applicants with a sciences background (e.g. Engineering).\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note:\u003C\u002Fstrong\u003E Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 109px;\"\u003EInternational requirements \u003C\u002Fth\u003E\n\u003Ctd style=\"width: 66px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 549px;\"\u003EVisit our admissions webpages to view our \u003Ca title=\"International entry requirements\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Finternational\"\u003EInternational entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 109px;\"\u003EEnglish Language requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 66px;\"\u003EBand B\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 549px;\"\u003EVisit our admissions webpages to view our \u003Ca title=\"English language requirements (PG)\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Fenglish-language\"\u003EEnglish language entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","ukPartTimeFee":null,"compulsoryStudyAbroad":false,"professionalNetworkDestinations":[],"teaching":"\u003Cp\u003EThe following table will give you an idea of what a typical academic workload might look like as you progress through your studies:\u003C\u002Fp\u003E\n\u003Ctable\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E\n\u003Cp\u003E\u003Cstrong\u003EModule\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003E\u003Cstrong\u003ELectures, seminars and feedback\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003E\u003Cstrong\u003ESelf-study\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E\n\u003Cp\u003EPer 15 credit module\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EBetween 20 and 30 hours which typically consist of a combination of lectures, case discussion and class activities; there may be some variation in the precise format.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EApproximately 120-130 hours.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E\n\u003Cp\u003EDissertation module\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EDissertation workshops and one-to-one supervision.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EApproximately 595 hours self-study and project work.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003ETypically, one credit equates to 10 hours of work.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment.\u003C\u002Fp\u003E","studySubjectAreas":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"de12ddd8-1504-4d32-bbb9-04037d7b6a4a","language":"en-GB","contentTypeId":"studySubjectArea","dataFormat":"entry","uri":null}}],"teachingImport":"\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ctable border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","furtherFeeInformation":"These tuition fees may be subject to additional increases in subsequent years of study, in line with King’s terms and conditions.","pgr":false,"destinationPartners":[],"preferredSubjects":null,"internationalPartTimeFee":null,"teachingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"entryDescription":"Learn about micro and macroeconomics, financial markets & services and the relationship between finance and econometrics.","optionalModules":[{"type":"modules","value":[{"entryTitle":"Financial Derivatives (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"12029af5-58d4-4864-b8bc-dbcd2f0d714f","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Econometrics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8f18538b-3149-4e75-821d-1f6ab24032d3","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"International Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a23b957-40e8-42e2-82ce-cfbca0ec149d","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Emerging Markets Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6457d9c8-09f2-40d1-841d-9940515bc603","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Principles of Risk Management (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9f61b26a-10c6-42b2-adaf-fecae1f379cb","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Behavioural Financial Economics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6d2cdef3-99ba-47c3-90db-a3dd3d62b31e","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"The Economics of Firm Behaviour (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"fb3e9c85-07d7-41b3-a397-7bcd3f0a5bb8","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"International Economics (15 Credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e4279b20-21e1-4dad-90bc-d118840df808","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Monetary Economics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"12b192f6-0c7f-4890-9a48-1b7df9445a5d","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Development Economics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b5c09a29-35b7-4bd7-8186-8fc68c14d69b","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Macroeconomic Policy (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"502b19b5-b0da-4b30-9b72-955e06a8d8f8","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]},{"type":"text","value":"Matlab for Data Analytics (0 credits) will be delivered in the first semester and is conditional on passing the two pre-sessional modules."}],"relatedFeature":null,"year4Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"partners":[],"regulations":null,"courseEssentials":"Our MSc in Economics and Finance is designed to produce professionals with skills highly sought after by economics consultancies, research institutions, banks and financial sector firms. Although the programme is economics and finance focused, given the wide-ranging applications of data analysis, the students will gain skills that are easily transferrable to a wide range of other industries, including e-commerce, hospitality, retail, pharmaceutical and media.","awardingInstitutionsImport":"King's College London","keyBenefits":["Our course provides you with a thorough knowledge of economics and finance.","Our practitioners have extensive and wide-ranging experience in the finance industry, providing invaluable contributions to the teaching of the modules and bringing theory into practice. ","Modules designed in collaboration with both public and private sector employers, ensuring you're gaining the best knowledge, skills and experience while studying to access the career you want once you graduate.","Close links and regular speakers from financial organisations give you insights and up-to-date knowledge of the subject area and bring practical insights into the classroom by applying theory to real-world scenarios. ","Strong emphasis on data analysis equips students with skills that are easily transferrable to other industries, such as e-commerce, pharmaceutical, media, retail or hospitality.","Located in the heart of London, King’s Business School has a strong reputation for research-led teaching and links to industry.","Apply for King's Business School scholarships of up to 50% tuition fees or £10,000 for our full-time postgraduate courses."],"studyMode":[{"entryTitle":"Full time","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5fe408e8-ad96-4308-b310-3c089c7acd9e","language":"en-GB","contentTypeId":"studyMode","dataFormat":"entry","uri":null}}],"campuses":[{"entryTitle":"Strand Campus","entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","entryThumbnail":null,"sys":{"id":"436ab4d3-aac9-4817-affa-966a0b93acdc","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}}],"regulatingBodies":[],"testimonial":null,"feesAndFundingImport":"\u003Cp\u003EIf you receive an offer for this programme, you will be required to pay a non-refundable deposit to secure your place. Deposit payments are credited towards the total tuition fee payment.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Home deposit is £1000. The International deposit is £3000.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EIf you receive an offer before January, payment is due within two months of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 January and 31 March, payment is due within one month of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 April and 15 July, payment is due within two weeks of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 16 July and 10 August, payment is due within one week of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer from 11 August onwards, payment is due within three days of receiving the offer.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EIf you are a current undergraduate King’s student in receipt of the \u003Ca title=\"King's Living Bursary\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-legacy\u002Ffunding?feeStatus=null&keyword=King%27s%20Living%20Bursary&subject=null\"\u003EKing's Living Bursary\u003C\u002Fa\u003E this academic year, you are not required to pay a deposit to secure your place on the programme. Please note, this will not change the total fees payable for your chosen programme.\u003C\u002Fp\u003E\n\u003Cp\u003EPlease visit our web pages on \u003Ca title=\"Fees and Funding\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fpostgraduate-taught\u002Ffees-and-funding\"\u003Efees and funding\u003C\u002Fa\u003E for more information.\u003C\u002Fp\u003E","courseType":null,"awardingInstitutions":[],"furtherInformationWillBeDeleted":null,"optionalAccreditedInternships":false,"optionalInternships1":false,"relatedCourses":[],"assessment":"\u003Cp\u003EYour performance will be assessed through a combination of coursework and written\u002Fpractical examinations. Forms of assessment may typically include written examinations, coursework, individual or group projects, presentations, case studies and multiple-choice tests.\u003C\u002Fp\u003E","gtmDataLayer":{"audience":{"entryTitle":"Prospective student","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a5192083-1116-416c-88f1-51bc33034c07","language":"en-GB","contentTypeId":"gtmCampaignType","dataFormat":"entry","uri":null}},"levelOfStudy":{"entryTitle":"Postgraduate Taught","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0a78a659-6f06-4244-93d2-ba9f197f9dc8","language":"en-GB","contentTypeId":"gtmCourseType","dataFormat":"entry","uri":null}},"subjectArea":{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"52049bef-3b93-4a9a-87a8-f52a363966d5","language":"en-GB","contentTypeId":"gtmSubjectArea","dataFormat":"entry","uri":null}},"department":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},"priority":{"entryTitle":"Bronze","entryDescription":null,"entryThumbnail":null,"sys":{"id":"08b24270-3a81-4718-9a8f-f33b042720d7","language":"en-GB","contentTypeId":"gtmCampaignLevel","dataFormat":"entry","uri":null}},"contentType":{"entryTitle":"Engagement","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6fd58846-03a7-40a3-905d-a5c6157dc1fc","language":"en-GB","contentTypeId":"gtmCampaign","dataFormat":"entry","uri":null}},"faculty":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},"applicationStatus":"Open","qualificationImport":"MSc","learningOutcomes":null,"creditValue":"180","ucasCode":"N\u002FA","image":{"altText":"","transformations":"w=780&h=585&crop=780,440,0,73","caption":"","asset":{"entryTitle":"economic graph","entryDescription":null,"sys":{"id":"685baf06-9b03-4fbf-ab77-61e2d85385b6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FSecurity\u002Fgeneralschool\u002Ffeature-800-430\u002Feconomic-graph.x80978c0d.jpg?w=780&h=585&crop=780,440,0,73"}}},"kisID":null,"courseVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FEconomics+%26+Finance+MSc\u002F1_c8u5blvs"},"year1Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year3Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year5Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"masterOfLawsCourseEssentials":null,"qualification":{"entryTitle":"MSc","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a9121a6c-5b91-422b-be64-c25bd605cc1a","language":"en-GB","contentTypeId":"qualification","dataFormat":"entry","uri":null}},"ukFee":"£22,750 per year (2025\u002F26)","locationsImport":"Strand Campus","requiredSubjects":null,"courseInformation":"The Economics & Finance MSc from King's Business School provides you with rigorous coverage of both the theory and practice of economics and finance and a high quality, research-based education of practical relevance in economics and finance that is driven by a combination of research, theory development, critical analysis, and practical application. Gain the knowledge to build a strong career in the business and finance sectors, as you learn about micro and macroeconomics, financial markets & services and the relationship between finance and econometrics.\n\nBut you won't just learn the key quantitative skills you need for success. Our courses are underpinned by the underlying philosophies and methodologies of a social science approach to economics and finance. Numbers are important, but understanding how those numbers affect the wider world of finance and business is essential in the modern world.","optionalModulesDescription":"In addition, you are required to take 30 credits from a range of optional modules that may typically include:","courseAccreditors":[],"purpose":"\u003Cp\u003EOur MSc in Economics and Finance is designed to produce professionals with skills highly sought after by economics consultancies, research institutions, banks and financial sector firms. Although the programme is economics and finance focused, given the wide-ranging applications of data analysis, students will gain skills that are easily transferrable to a wide range of other industries, including e-commerce, hospitality, retail, pharmaceutical and media.\u003C\u002Fp\u003E","entryRequirement":{"entryTitle":"High 2:1 (65%)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"7ad8c703-8ba3-401a-ab1b-7835bc2870ac","language":"en-GB","contentTypeId":"entryRequirementLevel","dataFormat":"entry","uri":null}},"description":"Learn about micro and macroeconomics, financial markets & services and the relationship between finance and econometrics.","furtherLearning":null,"isOnline":false,"courseStructureOverride":"Courses are divided into modules. You will normally take modules totaling 180 credits. ","title":"Economics & Finance","sys":{"owner":"SearchDataImport","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"postgraduateCourse","language":"en-GB","allUris":["\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Feconomics-finance-msc"],"uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Feconomics-finance-msc","version":{"publishedBy":"k2478113","archived":null,"deleted":null,"createdBy":"SearchDataImport","created":"2021-05-20T09:15:55.7069563Z","versionNo":"17.0","modified":"2024-10-13T16:22:25.470216Z","modifiedBy":"k2478113","published":"2024-10-16T14:02:48.0521076Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5ef9327d-ec5c-49ca-abbd-74d94a481eca","projectId":"website","slug":"economics-finance-1","properties":{}},"year6Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"duration":"One year","courseImage":{"altText":"economic graph","transformations":"w=780&h=585&crop=780,450,0,68","caption":"","asset":{"entryTitle":"economic graph","entryDescription":null,"sys":{"id":"685baf06-9b03-4fbf-ab77-61e2d85385b6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FSecurity\u002Fgeneralschool\u002Ffeature-800-430\u002Feconomic-graph.x80978c0d.jpg?w=780&h=585&crop=780,450,0,68"}}},"feesVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"teachingMethods":[{"entryTitle":"Lectures","entryDescription":null,"entryThumbnail":null,"sys":{"id":"34dc3395-dca3-4821-a8cd-ed0c9415ec71","language":"en-GB","contentTypeId":"teachingMethod","dataFormat":"entry","uri":null}},{"entryTitle":"Tutorials","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6f5dc8b9-7e95-442d-b7bb-16295ec25932","language":"en-GB","contentTypeId":"teachingMethod","dataFormat":"entry","uri":null}}],"marketingBand":null,"courseAims":["Provide rigorous coverage of both the theory and practice of economics and finance and a high quality, research-based education of practical relevance in economics and finance that is driven by a combination of research, theory development, critical analysis, and practical application.","Designed to cover contemporary empirical evidence in applied economics, with a focus on labour markets and the health and education sectors and\u002For international economics as well as internal workings of corporations, financial institutions and financial services firms and their inter-relationships."],"internationalFee":"£37,800 per year (2025\u002F26)","year2Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"relatedEvent":null,"optionalStudyAbroad":false,"fundingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"standardRequirementsOverride":null,"contactInformation":{"entryTitle":"Contact Us (King's Contact Centre)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"1f32f109-c096-4de6-927c-a82014a1cfa5","language":"en-GB","contentTypeId":"contactInformation","dataFormat":"entry","uri":null}},"applicationDeadlineOnlineOverride":[],"startDates":[{"entryTitle":"September 2025","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97aab37c-ed5f-4b13-8d72-a6e0408c2e81","language":"en-GB","contentTypeId":"startDate","dataFormat":"entry","uri":null}}],"professionalNetwork":null,"additionalCostsFurtherInformation":null,"courseStructureExplanation":null,"requiredModulesDescription":"You are required to take:\n\n","requiredModules":[{"type":"modules","value":[{"entryTitle":"Pre-Sessional: Introductory Economics (0 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"31552e88-f4bd-47f1-b52f-26b9a4967c17","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Pre-sessional Mathematics for Economics and Finance (0 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"eb528a05-2427-423a-ae67-1177003d9e97","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Pre-sessional Statistics for Economics & Finance (0 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"7984af1a-945f-4259-9914-bf137313a045","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Microeconomics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"fdb718a4-f791-412e-957e-27461ae6e659","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Macroeconomics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f43b2cca-2eb4-42ff-894a-fb04e277c00e","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Econometrics and Data Analytics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2ac52c89-c46a-48f4-b019-694d342dd8fd","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Principles of Finance (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5ab4e20c-de79-491b-af17-290c3fad19da","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Research Project (60 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"562bcbf0-649f-4dd2-a8bc-79780da864fc","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]},{"type":"text","value":"You are also required to take 15 credits from:"},{"type":"modules","value":[{"entryTitle":"Monetary Economics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"12b192f6-0c7f-4890-9a48-1b7df9445a5d","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"The Economics of Firm Behaviour (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"fb3e9c85-07d7-41b3-a397-7bcd3f0a5bb8","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]},{"type":"text","value":"And 15 credits from: "},{"type":"modules","value":[{"entryTitle":"Financial Derivatives (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"12029af5-58d4-4864-b8bc-dbcd2f0d714f","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Econometrics (15 credits)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8f18538b-3149-4e75-821d-1f6ab24032d3","language":"en-GB","contentTypeId":"modules","dataFormat":"entry","uri":null}}]}],"applyButtonOverride":null}],"assessment":"\u003Cp\u003EYour performance will be assessed through a combination of coursework and written\u002Fpractical examinations. Forms of assessment may typically include written examinations, coursework, individual or group projects, presentations, case studies and multiple-choice tests.\u003C\u002Fp\u003E","gtmDataLayer":{"audience":{"gtm":"Prospective Student","entryDescription":null,"sys":{"owner":"k2040458","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCampaignType","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2040458","archived":null,"deleted":null,"createdBy":"k2040458","created":"2021-10-13T13:43:34.6232364Z","versionNo":"1.0","modified":"2021-10-13T13:43:34.6232364Z","modifiedBy":"k2040458","published":"2021-10-13T13:43:39.7326563Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a5192083-1116-416c-88f1-51bc33034c07","projectId":"website","slug":"prospective-student-1","properties":{}},"title":"Prospective student","entryTitle":"Prospective student"},"levelOfStudy":{"entryThumbnail":null,"gtm":"Postgraduate Taught","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCourseType","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-05-23T09:18:54.2729837Z","versionNo":"2.0","modified":"2023-08-31T09:55:42.6212838Z","modifiedBy":"k2259398","published":"2023-08-31T09:55:44.2628587Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0a78a659-6f06-4244-93d2-ba9f197f9dc8","projectId":"website","slug":"postgraduate-taught-2019","properties":{}},"title":"Postgraduate Taught","entryTitle":"Postgraduate Taught"},"subjectArea":{"entryThumbnail":null,"gtm":"Finance","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmSubjectArea","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-06-14T15:54:28.8748246Z","versionNo":"1.0","modified":"2023-06-14T15:54:28.8748246Z","modifiedBy":"k2259398","published":"2023-06-14T15:54:33.9197115Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"52049bef-3b93-4a9a-87a8-f52a363966d5","projectId":"website","slug":"finance-5","properties":{}},"title":"Finance","entryTitle":"Finance"},"department":{"entryThumbnail":null,"regions":[],"twitterURL":null,"researchAreas":[],"description":null,"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1770205","archived":null,"deleted":null,"createdBy":"k0960388","created":"2019-06-10T14:40:37.8337062Z","versionNo":"3.0","modified":"2023-09-15T13:50:21.3849068Z","modifiedBy":"k1770205","published":"2023-09-15T13:50:30.6339885Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","projectId":"website","slug":"banking-finance-group","properties":{}},"type":"Research Group","metaDescription":null,"facebookURL":null,"navigation":[],"systemName":"banking-finance","multitiered":false,"parentUnits":[],"youTube":null,"subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"NEV-main-london-city-skyline","entryDescription":null,"sys":{"id":"96976503-cce3-49d5-8ac3-916856fc3351","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fmain\u002FNEV-main-london-city-skyline.xdfe8f65b.jpg?crop=780,440,0,5"}}},"externalURL":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fdepartments\u002Fbanking-finance.aspx","gtm":null,"linkedInURL":null,"orgUnits":[],"entryDescription":"banking-finance","transition":false,"the":false,"colour":null,"facultyTaxonomy":null,"name":"Banking & Finance","departmentTaxonomy":null,"locations":[],"instagramURL":null,"shortName":"Banking & Finance","linkedResearchGroup":[],"inititals":null,"entryTitle":"Banking & Finance","parents":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},"priority":{"entryThumbnail":null,"gtm":"Bronze","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCampaignLevel","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-05-23T10:40:15.9919813Z","versionNo":"1.0","modified":"2023-05-23T10:40:15.9919813Z","modifiedBy":"k2259398","published":"2023-05-23T10:40:18.7682905Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"08b24270-3a81-4718-9a8f-f33b042720d7","projectId":"website","slug":"bronze","properties":{}},"title":"Bronze","entryTitle":"Bronze"},"contentType":{"entryThumbnail":null,"gtm":"Engagement","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCampaign","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-06-07T08:52:43.0915466Z","versionNo":"1.0","modified":"2023-06-07T08:52:43.0915466Z","modifiedBy":"k2259398","published":"2023-06-07T08:52:49.0101788Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6fd58846-03a7-40a3-905d-a5c6157dc1fc","projectId":"website","slug":"engagement","properties":{}},"title":"Engagement","entryTitle":"Engagement"},"faculty":{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryTitle":"Pebble","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d832113-ce53-404f-9228-3cad3c917410","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null}},"applicationStatus":"Open","qualificationImport":"MSc","learningOutcomes":null,"creditValue":"UK 180 \u002F ECTS 90","ucasCode":"N\u002FA","image":{"altText":"","transformations":"w=780&h=470&crop=780,440,0,15","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"THUMB EVENTS Finance","entryDescription":null,"description":null,"sys":{"owner":"k1767369","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"4e13169c-3b00-410b-83c8-40cdfa17b1db"},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002Fnewimages\u002Fnmes\u002Fthumbnail-news-events-380x229\u002Fthumb-events-finance.x772cbf4a.jpg?w=780&h=470&crop=780,440,0,15","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2019-04-17T16:00:26.498795Z","versionNo":"4.0","modified":"2023-01-20T12:49:20.9728353Z","modifiedBy":"ServicesUser","published":"2023-01-20T12:49:22.34233Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4e13169c-3b00-410b-83c8-40cdfa17b1db","projectId":"website","slug":null,"properties":{"filename":"thumb-events-finance.jpg","fileSize":6768893,"filePath":"\u002Fnewimages\u002Fnmes\u002Fthumbnail-news-events-380x229\u002F","width":4100,"fileId":"4e13169c-3b00-410b-83c8-40cdfa17b1db","height":2471}},"title":"THUMB EVENTS Finance","entryTitle":"THUMB EVENTS Finance"}},"kisID":null,"courseVideo":{"videoDescription":null,"videoTitle":"Banking & Finance MSc ","kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FBanking%20%26%20Finance%20MSc%20-%20King's%20Business%20School\u002F1_nphhtsn6"},"year1Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year3Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year5Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"masterOfLawsCourseEssentials":null,"qualification":{"entryDescription":null,"sys":{"owner":"k1927734","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"qualification","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1927734","created":"2020-09-30T16:11:43.7751225Z","versionNo":"1.0","modified":"2020-09-30T16:11:43.7751225Z","modifiedBy":"k1927734","published":"2020-10-05T15:58:52.9516149Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a9121a6c-5b91-422b-be64-c25bd605cc1a","projectId":"website","slug":"msc","properties":{}},"title":"MSc","entryTitle":"MSc"},"ukFee":"£43,000 per year (2025\u002F26)","locationsImport":"Strand Campus","requiredSubjects":null,"courseInformation":"The Banking & Finance MSc is an innovative course designed to provide you with an in-depth understanding of the finance and banking industry. Explore the challenges facing financial markets and the global banking sector. Uncover the complexities of intricate financial principles and data applications to investment problems.\n\nInvestment analysts, financial advisors and managers require a thorough understanding of many complex and challenging aspects of banking and financial markets, and our course is explicitly designed to equip you with these essential skills.\n\nThe MSc in Banking & Finance at King's Business School offers a comprehensive finance education. You'll discover a wide range of topics including commercial & investment banking, financial derivatives, risk management, financial regulation and behavioural finance. By the end of your course, you'll have all the skills you need for a huge range of careers across the sector.","optionalModulesDescription":"In addition, you are required to take 45 credits from a range of optional modules, which may typically include:","courseAccreditors":[],"purpose":"\u003Cp\u003EThe MSc in Banking & Finance at King’s Business School is an innovative course designed to provide you with an in-depth understanding of the finance and banking industry. The programme will also equip you with essential research, analytical and critical thinking skills, preparing you for a range of careers across the finance sector and expose you to challenges raised by the availability of large dataset in corporate finance and asset returns.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll build a strong foundation in key financial principles and techniques through the following selection of core modules:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EQuantitative Methods for Finance\u003C\u002Fstrong\u003E – Learn the industry-standard methods and modern techniques essential to understanding financial data and approaching issues facing banks today.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EInvestments\u003C\u002Fstrong\u003E - Gain a strong understanding of the end-to-end investment management process and modern investment techniques.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECommercial & Investment Banking\u003C\u002Fstrong\u003E – Discover modern financial markets, intermediaries, financial crises and the role of regulation in the financial sector.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Statement Analysis\u003C\u002Fstrong\u003E – Study the analysis used by financial institutions to identify suitable investments and learn from current industry practitioners.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Derivatives\u003C\u002Fstrong\u003E – Learn the theory and practice of pricing & hedging derivative securities.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll also have the chance to shape your degree to reflect the career you want through our extensive range of elective modules:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAsset Pricing\u003C\u002Fstrong\u003E – Explore the core principles of asset pricing theory and understand the risks & premiums of financial assets.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EEmpirical Finance\u003C\u002Fstrong\u003E – Compare the effectiveness of alternative financial theories using real world data.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EApplied Risk Management for Banking\u003C\u002Fstrong\u003E – Build your understanding of the risks that financial institutions are exposed to and the key tools used to manage them.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Econometrics\u003C\u002Fstrong\u003E – Examine the relevant econometric techniques applied to key problems in finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECorporate Finance\u003C\u002Fstrong\u003E – Learn the methods used to value investments, make corporate financing decisions and evaluate policies corporates undertake to make cash returns or dividend decisions to stakeholders.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EEmpirical Macroeconomics\u003C\u002Fstrong\u003E – Observe modern economic trends and explore large scale financial & economic factors.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFinancial Regulation & Governance\u003C\u002Fstrong\u003E – Further your understanding of the public policy instruments available in banking, alongside the latest developments of the regulatory landscape to counter the effects of financial crises.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ETopics in Applied Finance\u003C\u002Fstrong\u003E – Explore the operations of wealth management, financial engineering and shipping finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBehavioural Finance\u003C\u002Fstrong\u003E – Examine the behavioural biases that financial market participants exhibit and study the resulting asset pricing anomalies.\u003C\u002Fp\u003E\n\u003Cp\u003EYou’ll also undertake a 15,000 word \u003Cstrong\u003EResearch Project (Dissertation)\u003C\u002Fstrong\u003E, where you will conduct your own in-depth research and apply the knowledge & methods gained from studying our taught modules.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EUngraded modules\u003C\u002Fp\u003E\n\u003Cp\u003EAs part of the course, you will also have the chance to take ungraded modules alongside the above modules. These will allow you to gain practical, real world financial skills geared towards maximising your employability once you graduate.\u003C\u002Fp\u003E\n\u003Cp\u003EWe currently offer ungraded modules in the key programming languages, software and environments for finance, including Matlab, Python, C++, R, VBA and Stata. We also offer classes in English for financial career and International Banking and Finance.\u003C\u002Fp\u003E","entryRequirement":{"level":"High 2:1 (65%)","grade":"High 2:1 (65%)","entryDescription":null,"pgtDefault":"\u003Cp\u003EA minimum high 2:1 undergraduate Bachelor’s (honours) degree with a final mark of at least 65% or above\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EIf you have a lower degree classification\u003C\u002Fstrong\u003E, or a degree in an unrelated subject, your application may be considered if you can demonstrate significant relevant work experience, or offer a related graduate qualification (such as a Masters or PGDip).\u003C\u002Fp\u003E","sys":{"owner":"k2040458","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"entryRequirementLevel","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2040458","archived":null,"deleted":null,"createdBy":"k2040458","created":"2021-06-02T13:21:58.8081109Z","versionNo":"4.0","modified":"2022-12-15T10:23:24.8323475Z","modifiedBy":"k2040458","published":"2022-12-19T10:11:06.3110914Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7ad8c703-8ba3-401a-ab1b-7835bc2870ac","projectId":"website","slug":"high-21","properties":{}},"entryTitle":"High 2:1 (65%)"},"description":"Explore the challenges facing financial markets and the global banking sector.","furtherLearning":null,"isOnline":false,"courseStructureOverride":null,"title":"Banking & Finance","sys":{"owner":"SearchDataImport","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"postgraduateCourse","language":"en-GB","allUris":["\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fbanking-and-finance-msc"],"uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fbanking-and-finance-msc","version":{"publishedBy":"k2478113","archived":null,"deleted":null,"createdBy":"SearchDataImport","created":"2021-05-20T09:20:15.3919613Z","versionNo":"22.0","modified":"2024-10-13T16:18:56.6162498Z","modifiedBy":"k2478113","published":"2024-10-16T14:01:21.5168563Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"f1001e0e-2239-4b3e-911f-251a8b8368b6","projectId":"website","slug":"banking-finance-2","properties":{}},"year6Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"duration":"One year full-time, September to September","courseImage":{"altText":"Ticker showing live market price changes.","transformations":"w=796&h=450&crop=780,450,8,0","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"THUMB PAGE Finance","entryDescription":null,"description":null,"sys":{"owner":"k1767369","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"e225764c-81bb-4229-96f9-6e40c2eb6017"},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002Fnewimages\u002Fnmes\u002Fthumbnail-pages-368x208\u002Fthumb-page-finance.x576eb481.jpg?w=796&h=450&crop=780,450,8,0","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2019-04-17T16:14:54.3444967Z","versionNo":"4.0","modified":"2023-01-20T12:51:01.2730894Z","modifiedBy":"ServicesUser","published":"2023-01-20T12:51:02.8369067Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"e225764c-81bb-4229-96f9-6e40c2eb6017","projectId":"website","slug":null,"properties":{"filename":"thumb-page-finance.jpg","fileSize":6544750,"filePath":"\u002Fnewimages\u002Fnmes\u002Fthumbnail-pages-368x208\u002F","width":4100,"fileId":"e225764c-81bb-4229-96f9-6e40c2eb6017","height":2317}},"title":"THUMB PAGE Finance","entryTitle":"THUMB PAGE Finance"}},"feesVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"teachingMethods":[{"entryDescription":null,"sys":{"owner":"k1819480","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"teachingMethod","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1819480","archived":null,"deleted":null,"createdBy":"k1819480","created":"2020-04-07T02:55:53.3900496Z","versionNo":"1.0","modified":"2020-04-07T02:55:55.2968013Z","modifiedBy":"k1819480","published":"2020-04-07T02:55:55.812457Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"776963c9-895a-49d7-8e7f-5a004f0c6665","projectId":"website","slug":"seminars-1","properties":{}},"title":"Seminars","entryTitle":"Seminars"},{"entryDescription":null,"sys":{"owner":"k1642089","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"teachingMethod","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1642089","archived":null,"deleted":null,"createdBy":"k1642089","created":"2020-02-20T11:10:54.455373Z","versionNo":"1.0","modified":"2020-02-20T11:10:55.7210097Z","modifiedBy":"k1642089","published":"2020-02-20T11:10:56.0491211Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"34dc3395-dca3-4821-a8cd-ed0c9415ec71","projectId":"website","slug":"lectures","properties":{}},"title":"Lectures","entryTitle":"Lectures"},{"entryDescription":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"teachingMethod","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-24T10:03:14.1393736Z","versionNo":"1.0","modified":"2021-06-24T10:03:14.1393736Z","modifiedBy":"","published":"2021-06-24T10:03:16.1862239Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d062ef33-ddda-4c41-b2bc-62be4329d78f","projectId":"website","slug":"group-work","properties":{}},"title":"Group Work","entryTitle":"Group Work"}],"marketingBand":null,"courseAims":["Employ industry standard techniques and methods used in modern banks and financial institutions.","Apply knowledge and skills to solve theoretical and applied problems in finance.","Critically evaluate the impact and effectiveness of current banking practices.","Analyse the banking & financial systems of advanced and transitional economies.","Communicate effectively and exhibit key skills valuable for both employment in the finance sector and lifelong learning."],"internationalFee":"£43,000 per year (2025\u002F26)","year2Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"relatedEvent":null,"optionalStudyAbroad":false,"fundingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"standardRequirementsOverride":null,"contactInformation":{"name":"Contact Us (King's Contact Centre)","link":[{"linkLabel":"King's Contact Centre","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fcontact-us"}],"entryDescription":null,"telephone":[],"text":null,"sys":{"owner":"k1638316","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"contactInformation","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1469912","archived":null,"deleted":null,"createdBy":"k1638316","created":"2021-06-25T08:33:41.465754Z","versionNo":"17.0","modified":"2023-02-17T08:29:36.6794053Z","modifiedBy":"k1469912","published":"2023-02-17T08:29:44.3685208Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"1f32f109-c096-4de6-927c-a82014a1cfa5","projectId":"website","slug":"contact-us-3","properties":{}},"headingOverride":null,"entryTitle":"Contact Us (King's Contact Centre)","email":[]},"applicationDeadlineOnlineOverride":[],"startDates":[{"entryThumbnail":null,"entryDescription":null,"sys":{"owner":"k1470820","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"startDate","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1470820","archived":null,"deleted":null,"createdBy":"k1470820","created":"2024-03-27T10:57:00.1637766Z","versionNo":"1.0","modified":"2024-03-27T10:57:00.1637766Z","modifiedBy":"k1470820","published":"2024-03-27T10:57:02.8513024Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"97aab37c-ed5f-4b13-8d72-a6e0408c2e81","projectId":"website","slug":"september-2025","properties":{}},"title":"September 2025","entryTitle":"September 2025"}],"professionalNetwork":null,"additionalCostsFurtherInformation":null,"courseStructureExplanation":null,"requiredModulesDescription":"Courses are divided into modules. You will normally take modules totaling 180 credits. You are required to take:","requiredModules":[{"type":"modules","value":[{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k2372300","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1338201","archived":null,"deleted":null,"createdBy":"k2372300","created":"2024-09-12T10:29:47.0403506Z","versionNo":"1.0","modified":"2024-10-21T10:47:20.3918788Z","modifiedBy":"k2372300","published":"2024-10-21T11:18:17.8560452Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0a3a1861-628b-40a8-9cd1-8ac069d80741","projectId":"website","slug":"quantitative-methods-for-finance-and-data-analytics-15-credits","properties":{}},"promoDescription":"Quantitative Methods for Finance and Data Analytics","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"department":[],"teachingPattern":null,"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Quantitative Methods for Finance and Data Analytics (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Quantitative Methods for Finance and Data Analytics (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T15:16:53.6324319Z","versionNo":"1.0","modified":"2021-06-01T15:16:53.6324319Z","modifiedBy":"","published":"2021-06-09T11:28:56.8141218Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4ee9d4e7-a25b-4e22-80b3-4bcfbb4f94c4","projectId":"website","slug":"investments-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Investments (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Investments (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k1642385","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1642385","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T15:17:44.1729994Z","versionNo":"3.0","modified":"2022-10-05T18:03:45.8585572Z","modifiedBy":"k1642385","published":"2022-10-12T08:30:41.5888622Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"ca1d5ec4-6a59-41b6-bda4-b771918147b1","projectId":"website","slug":"commercial-and-investment-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Commercial & Investment Banking (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Commercial & Investment Banking (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"K2363631","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-08-07T09:40:45.1662509Z","versionNo":"1.0","modified":"2023-08-07T09:40:45.1662509Z","modifiedBy":"K2363631","published":"2023-08-07T11:16:46.8507519Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"54dd384d-f506-41ec-a0cf-97f736f3d4ff","projectId":"website","slug":"financial-statement-analysis-15-credits-1","properties":{}},"promoDescription":"Financial Statement Analysis (15 credits)","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Statement Analysis (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Statement Analysis (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:08:20.895297Z","versionNo":"1.0","modified":"2021-06-01T14:08:20.895297Z","modifiedBy":"","published":"2021-06-09T11:34:42.6416194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"12029af5-58d4-4864-b8bc-dbcd2f0d714f","projectId":"website","slug":"financial-derivatives-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Derivatives (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Derivatives (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k1819480","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2366560","archived":null,"deleted":null,"createdBy":"k1819480","created":"2021-06-06T22:07:59.1925693Z","versionNo":"4.0","modified":"2023-09-20T09:49:45.3191704Z","modifiedBy":"k2366560","published":"2023-09-20T09:49:59.4684317Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"66038c2a-0cff-4ec6-8a48-3f4c9798e026","projectId":"website","slug":"dissertation-60-credits-6","properties":{}},"promoDescription":"Dissertation (60 credits)","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Dissertation (60 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Dissertation (60 credits)"}]}],"applyButtonOverride":null},{"entryThumbnail":null,"additionalLocation":null,"promoSection":{"greyTheme":true,"whiteTheme":false,"blueTheme":false,"title":"Explore more ","promos":[{"entryThumbnail":null,"image":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"Music scholarship","entryDescription":null,"sys":{"id":"3fc721da-f0af-45ff-97cf-fb26c1829a13","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fmain\u002Fmusic-scholarship.xa429153c.png?crop=780,440,0,5"}}},"icon":null,"entryDescription":"Find out more about the postgraduate scholarships available at King's Business School.","description":"Find out more about the postgraduate scholarships available at King's Business School.","label":"Postgraduate Scholarships (King's Business School)","sys":{"owner":"k1642385","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2372300","archived":null,"deleted":null,"createdBy":"k1642385","created":"2023-04-03T09:09:47.3708386Z","versionNo":"6.0","modified":"2024-09-26T15:35:09.3130562Z","modifiedBy":"k2372300","published":"2024-09-26T15:35:11.7299568Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9bb98390-e9fb-4786-bb4f-a243e072c90b","projectId":"website","slug":"postgraduate-scholarships-kings-business-school","properties":{}},"entryTitle":"Postgraduate Scholarships (King's Business School)","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fpostgraduate\u002Fpostgraduate-scholarships","target":"_blank"},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"student-ambassador-800x450","entryDescription":null,"sys":{"id":"3880db49-8104-4d8f-8364-b827800a833f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudents\u002Fstudent-ambassador-800x450.xdd9207ca.png?w=782&h=440&crop=780,440,1,0"}}},"icon":null,"entryDescription":"Chat to current students and staff to find out about life at King's.","description":"Chat to current students and staff to find out about life at King's.","label":"Chat to students and staff","sys":{"owner":"k1512215","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1512215","archived":null,"deleted":null,"createdBy":"k1512215","created":"2022-01-13T16:35:53.1554325Z","versionNo":"4.0","modified":"2024-03-26T15:04:38.3445082Z","modifiedBy":"k1512215","published":"2024-03-26T15:04:42.1257895Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"345d6b31-ed5a-4a55-bf4a-c67784ffcfc5","projectId":"website","slug":"chat-to-academics-and-current-students-on-unibuddy","properties":{}},"entryTitle":"Chat to students and staff","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Funibuddy","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=571&crop=780,440,0,66","caption":"","asset":{"entryTitle":"Students-at-Strand2","entryDescription":null,"sys":{"id":"0f70058b-9d80-447c-90a4-d51202e6cd36","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FStudy\u002FELC\u002FStudents-at-Strand2.x310cc998.jpg?w=780&h=571&crop=780,440,0,66"}}},"icon":null,"entryDescription":"Want to know more about studying at King's? We're here to help.","description":"Want to know more about studying at King's? We're here to help.","label":"Connect with a King’s Advisor","sys":{"owner":"k1512215","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2031547","archived":null,"deleted":null,"createdBy":"","created":"2021-02-17T16:29:39.0150538Z","versionNo":"3.0","modified":"2021-09-29T10:11:55.0166595Z","modifiedBy":"k2031547","published":"2021-09-29T10:11:58.3917315Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"43c7a74c-5929-4b6b-b130-9894a84f7ab3","projectId":"website","slug":"contact-centre","properties":{}},"entryTitle":"Connect with a King’s Advisor","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-at-kings\u002Fcontact","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=521&crop=780,440,0,41","caption":"","asset":{"entryTitle":"Student Residence Vauxhall-13","entryDescription":null,"sys":{"id":"d576ad6e-7471-4635-b5c9-29d49436b4b8","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002F0Prospectus\u002Faccommodation\u002FAtlas\u002FStudent-Residence-Vauxhall-13.xea6633ff.jpg?w=780&h=521&crop=780,440,0,41"}}},"icon":{"altText":"","transformations":"w=450&h=300&crop=300,300,75,0","caption":"","asset":{"entryTitle":"Student Residence Vauxhall-11","entryDescription":null,"sys":{"id":"102ffa73-3584-485f-a7f7-cc12d30d38d8","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002F0Prospectus\u002Faccommodation\u002FAtlas\u002FStudent-Residence-Vauxhall-11.x497c6604.jpg?w=450&h=300&crop=300,300,75,0"}}},"entryDescription":"Discover your accommodation options and explore our residences.","description":"Discover your accommodation options and explore our residences.","label":"Find out more about our King's accommodation","sys":{"owner":"k1642089","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1469912","archived":null,"deleted":null,"createdBy":"k1642089","created":"2021-02-17T11:26:51.6633123Z","versionNo":"11.0","modified":"2024-10-17T13:56:28.1544466Z","modifiedBy":"k1469912","published":"2024-10-17T13:56:53.7114412Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d93baca9-a7ca-432d-b1bf-e3e9ce63c062","projectId":"website","slug":"accommodation-1","properties":{}},"entryTitle":"Find out more about our King's accommodation","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Faccommodation","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Kings Students Aug Day 3 2022-494","entryDescription":null,"sys":{"id":"52234e64-5294-4fa6-9483-9b538edb53af","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FPGimages\u002Fkings-students-aug-day-3-2022-494.x87fbbb89.jpg?w=780&h=519&crop=780,440,0,40"}}},"icon":{"altText":"Kings student on laptop in lecture theatre Aug 2022","transformations":"w=451&h=300&crop=300,300,76,0","caption":"","asset":{"entryTitle":"Kings student on laptop in lecture theatre Aug 2022","entryDescription":null,"sys":{"id":"a6ab824e-c8f5-451c-8531-a1b0f3cb4641","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudy\u002Fmarcomms\u002Fstudents\u002Fkings-student-on-laptop-in-lecture-theatre-aug-2022.x8e25c7fd.jpg?w=451&h=300&crop=300,300,76,0"}}},"entryDescription":"Can't join us in London? Take a virtual tour of our campuses instead!","description":"Can't join us in London? Take a virtual tour of our campuses instead!","label":"Virtual campus tours","sys":{"owner":"k2032551","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1221270","archived":null,"deleted":null,"createdBy":"k2032551","created":"2023-10-16T10:02:22.8746815Z","versionNo":"4.0","modified":"2024-11-06T10:13:44.5792802Z","modifiedBy":"k1221270","published":"2024-11-06T10:13:46.7410618Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"19e0e9eb-df83-4070-a513-5e6053076fb1","projectId":"website","slug":"virtual-campus-tours-1","properties":{}},"entryTitle":"Virtual campus tours","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fseries\u002Fvirtual-campus-tours","target":null},{"entryThumbnail":null,"image":{"altText":"","transformations":"w=780&h=521&crop=780,440,0,41","caption":"","asset":{"entryTitle":"skyline london kings thumb","entryDescription":null,"sys":{"id":"ef06c35b-27f5-4bbb-b761-9a7a5aed46d7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fstudy-images\u002Fskyline-london-kings-thumb.x69215eb5.jpg?w=780&h=521&crop=780,440,0,41"}}},"icon":null,"entryDescription":"King's is right in the heart of the capital.","description":"King's is right in the heart of the capital.","label":"Learning in London","sys":{"owner":"k1512215","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"link","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1469912","archived":null,"deleted":null,"createdBy":"","created":"2021-02-17T16:34:21.8975066Z","versionNo":"7.0","modified":"2024-02-07T15:24:22.9438977Z","modifiedBy":"k1469912","published":"2024-02-07T15:24:26.8864475Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a0c4b306-f54f-4afe-8d93-0f5e263e955c","projectId":"website","slug":"london-living","properties":{}},"entryTitle":"Learning in London","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Flondon\u002Fstudying-in-london","target":null}]},"assessmentMethods":[],"applicationClosingDateInfoOverride":"\u003Cp\u003EWe encourage you to apply as early as possible so that there is sufficient time for your application to be assessed. We may need to request further information from you during the application process.\u003C\u002Fp\u003E\n\u003Cp\u003EKing's College London is committed to the recruitment of students with the greatest academic ability and to maintain a diverse student population. In order to ensure a balanced international student population for our most competitive programmes, we have implemented the following deadlines:\u003C\u002Fp\u003E\n\u003Cp\u003EFor applicants who are currently residing in mainland China, the first application deadline is 10 January 2025 (23:59 UK time).\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWe highly encourage you to apply by this deadline due to high demand, but applications will continue to be reviewed thereafter until the final application deadline on 9 March 2025 (23:59 UK time).\u003C\u002Fli\u003E\n\u003Cli\u003EIf you reside in mainland China and apply for this programme after the above final deadline, your application may be automatically withdrawn and you will not be eligible for an application fee refund.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFor all other applicants, our first application deadline is on 9 March 2025 (23:59 UK time). The final application deadlines for this programme are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EOverseas (international) fee status: 25 July 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003Cli\u003EHome fee status: 25 August 2025 (23:59 UK time)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EAfter the first application deadline in March:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eif the programme is not yet full, we will continue to accept applications until all available places are filled up to the final application deadlines above\u003C\u002Fli\u003E\n\u003Cli\u003Eif the programme becomes full before the final application deadlines stated above, we will close the programme to further applications\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EPlease note, you will not be eligible for an application fee refund if you apply after the first application deadline, and we are unable to process further offers because places are filled and we close the course before the final application deadline.\u003C\u002Fp\u003E","deliveryMode":[],"relatedNewsArticle":null,"languageRequirementBand":{"entryDescription":null,"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"englishLanguageRequirementBand","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1466286","created":"2019-10-18T13:41:36.8636357Z","versionNo":"1.0","modified":"2019-10-18T13:41:37.5667433Z","modifiedBy":"k1466286","published":"2019-10-18T13:41:37.8949385Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9896d42a-b892-4741-bbea-9d6c5d4ecda2","projectId":"website","slug":"b","properties":{}},"title":"B","entryTitle":"B"},"rfiReferenceToPearsonCRMForm":null,"nonStandardRequirements":null,"courseEssentialVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"orgUnits":[{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryTitle":"Pebble","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d832113-ce53-404f-9228-3cad3c917410","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null}],"pageOverride":null,"synonyms":null,"onlineCourseFeeInformation":null,"relatedSpotlightStory":null,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"personalStatement":"\u003Cp\u003EYou will be asked to submit the following documents in order for your application to be considered:\u003C\u002Fp\u003E\n\u003Ctable\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPersonal Statement\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EA personal statement is required. This can be entered directly into the online application form (maximum 4,000 characters) or uploaded as an attachment to the online application form (maximum 2 pages).\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EPrevious Academic Study\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EA copy (or copies) of your official academic transcript(s), showing the subjects studied and marks obtained. If you have already completed your degree, copies of your official degree certificate will also be required. Applicants with academic documents issued in a language other than English, will need to submit both the original and official translation of their documents.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EReferences\u003C\u002Fth\u003E\n\u003Ctd\u003EYes\u003C\u002Ftd\u003E\n\u003Ctd\u003EOne academic reference is required. A professional reference will be accepted if you have completed your qualifications over five years ago. In some cases, we may request an additional reference from you.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth\u003EOther\u003C\u002Fth\u003E\n\u003Ctd\u003EOptional\u003C\u002Ftd\u003E\n\u003Ctd\u003E\n\u003Cp\u003EApplicants may wish to include a CV (Resume) or evidence of professional registration as part of their application.\u003C\u002Fp\u003E\n\u003Cp\u003EWe do not require a GMAT or GRE score to be provided as part of your application, but a well-balanced score may strengthen your application. For the GMAT Exam (10th Edition) we look for a score of 670+. For the GMAT Exam (Focus Edition) we look for 78% or 615. For the GRE, we look for a score of 324 with 70-75% in verbal reasoning. Please fill in the “Professional and Other Relevant Qualifications” section within the application form, and share your score with King’s College London on the verification site and upload a scan of your results or screenshot of the email confirming your results.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E","courseAccreditorsImport":null,"optionalYearInIndustry":false,"additionalCosts":["Books if you choose to buy your own copies ","Library fees and fines ","Personal photocopies ","Printing course handouts ","Society membership fees ","Stationery ","Travel costs for travel around London and between campuses ","Graduation costs"],"employability":"\u003Cp\u003EAs a Business School student you not only have full access to all the award winning events and resources from our central team King’s Careers and Employability service but a bespoke service curated especially for you by our dedicated careers team.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\n\u003Cp\u003EDevelop greater self-awareness of strengths, interests and values. Increase confidence in presenting yours authentic self to employers and making career decisions that work for you.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EGain insight, make connections and uncover opportunities through our campus events and connections with world- leading organisations, alumni, thought leaders and investors.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003ESharpen your application skills for internships, placements, graduate schemes and jobs using cutting edge technology combined with personalised expert feedback and specialised workshops.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EBuild an impressive portfolio of work relevant domain knowledge, leadership, workplace digital or technical skills through employer and professional programmes and micro-certifications.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli\u003E\n\u003Cp\u003EApply and hone your skills in a real world context. Access a world-class range of internships, placements, start-up incubators, leadership initiatives and focused diversity and inclusion opportunities.\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","careerDestinations":[],"otherRequirements":"\u003Cp\u003EUndergraduate degree with High 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social science related area (e.g. management, economics, finance or other relevant subject). Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E","detailsDisclaimerOverride":null,"courseDescriptionOldToBeDeleted":"\u003Cp\u003EYou’ll develop your knowledge of theory and model based analytical methods. Our focus is on quantitative techniques, taking mathematical, statistical, and econometric methods and applying them to the world of finance.\u003C\u002Fp\u003E\n\u003Cp\u003EBy the end of your studies, you’ll be able to apply core finance theory to real issues in the industry. And you’ll come away with an understanding of verbal, mathematical, graphical, and econometric representation of financial ideas. You’ll also have the skills to assess the functioning of financial and banking sectors around the world.\u003C\u002Fp\u003E","entryTitle":"Finance (Asset Pricing)","selectionProcess":"\u003Cp\u003EApplications must be made online using \u003Ca title=\"Kings Apply\" href=\"https:\u002F\u002Fapply.kcl.ac.uk\u002F\"\u003EKing's Apply\u003C\u002Fa\u003E, the Admissions portal, and a non-refundable application fee of £130 applies.\u003C\u002Fp\u003E\n\u003Cp\u003EDue to the large volume of applications, this programme operates a partial “gathered-field” approach to decision making for applicants who meet our advertised academic entry requirements. This means that for some of these applicants, a decision may not be reached until after February and where possible, will be made by May. You will be informed via King's Apply if your application is being held.\u003C\u002Fp\u003E","otherRequirementsImport":"\u003Ctable style=\"width: px;\"\u003E\u003Ccaption\u003E \u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 136.281px;\"\u003EMinimum requirements \u003C\u002Fth\u003E\n\u003Ctd style=\"width: 177.375px;\"\u003E\n\u003Cp\u003EHigh 2:1\u003C\u002Fp\u003E\n\u003Cp\u003E(65%)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 412.344px;\"\u003E\n\u003Cp\u003EUndergraduate degree with High 2:1 honours (i.e. overall average of at least 65% across all years of study) required in a social science related area (e.g. management, economics, finance or other relevant subject). Our programme is most suitable if you have some quantitative background in either finance and\u002For economics or have a degree with some quantitative elements.\u003C\u002Fp\u003E\n\u003Cp\u003EIn order to meet the academic entry requirements for this programme you should have a minimum high 2:1 undergraduate degree with a final mark of at least 65% or above in the UK marking scheme. If you are still studying you should be achieving an average of at least 65% or above in the UK marking scheme.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPlease note\u003C\u002Fstrong\u003E: Meeting the minimum requirements for your application to be considered does not guarantee an offer as applications for this programme are very competitive.\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 136.281px;\"\u003EInternational requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 177.375px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 412.344px;\"\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"International entry requirements\" href=\"\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Finternational.aspx\"\u003EInternational entry requirements.\u003C\u002Fa\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Cth style=\"width: 136.281px;\"\u003EEnglish Language requirements\u003C\u002Fth\u003E\n\u003Ctd style=\"width: 177.375px;\"\u003EBand B\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 412.344px;\"\u003EVisit our admissions webpages to view our \u003Ca class=\"sys_0 sys_t0\" title=\"English language requirements (PG)\" href=\"\u002Fstudy\u002Fpostgraduate\u002Fapply\u002Fentry-requirements\u002Fenglish-language.aspx\"\u003EEnglish language entry requirements\u003C\u002Fa\u003E.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E","ukPartTimeFee":null,"compulsoryStudyAbroad":false,"professionalNetworkDestinations":[],"teaching":"\u003Cp\u003EWe use lectures, seminars and group tutorials to deliver most of the modules on the course. You will also be expected to undertake a significant amount of independent study.\u003C\u002Fp\u003E\n\u003Cp\u003EThe total contact time for each 15-credit taught module is typically 20-30 hours. These sessions will include lectures, teacher-led and student-led group discussions based on the main areas of study. Each 15-credit taught also module has approximately 120-130 hours of self-guided learning time.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment.\u003C\u002Fp\u003E","studySubjectAreas":[{"testimonial":null,"entryThumbnail":null,"image":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"global interest rates - Banking & Finance - main","entryDescription":null,"sys":{"id":"604b44f3-b779-4ea8-998f-b6906a0c7e94","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fmain\u002Fglobal-interest-rates-banking-finance-main.x74e982d2.png?crop=780,440,0,5"}}},"infoBanner":null,"destination":null,"heroImageMobile":null,"searchOptions":null,"entryDescription":null,"description":null,"heroImage":null,"media":[],"title":"Finance","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"studySubjectArea","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1642089","archived":null,"deleted":null,"createdBy":"","created":"2020-03-05T12:07:53.4491347Z","versionNo":"2.0","modified":"2020-09-10T11:12:04.8568727Z","modifiedBy":"k1642089","published":"2020-09-10T11:12:07.3725128Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"de12ddd8-1504-4d32-bbb9-04037d7b6a4a","projectId":"website","slug":"finance-2","properties":{}},"content":null,"relatedCoursesImage":null,"keyBenefits":[],"subjectAreas":[],"entryTitle":"Finance"}],"teachingImport":"\u003Cp\u003EThe following table will give you an idea of what a typical academic workload might look like as you progress through your studies:\u003C\u002Fp\u003E\n\u003Ctable border=\"1\"\u003E\u003Ccaption\u003Eteaching\u003C\u002Fcaption\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Cth\u003EModule\u003C\u002Fth\u003E\n\u003Cth\u003ELectures, seminars and feedback\u003C\u002Fth\u003E\n\u003Cth\u003ESelf-study\u003C\u002Fth\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003EPer 15 credit module\u003C\u002Ftd\u003E\n\u003Ctd\u003EBetween 20 and 30 hours which typically consist of a combination of lectures, case discussion and class activities; there may be some variation in the precise format.\u003C\u002Ftd\u003E\n\u003Ctd\u003EApproximately 120-130 hours.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003EDissertation module\u003C\u002Ftd\u003E\n\u003Ctd\u003EDissertation workshops and one-to-one supervision.\u003C\u002Ftd\u003E\n\u003Ctd\u003EApproximately 595 hours self-study and project work.\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ETypically, one credit equates to 10 hours of work.\u003C\u002Fp\u003E\n\u003Cp\u003EWe will use a delivery method that will ensure students have a rich, exciting experience from the start. Face to face teaching will be complemented and supported with innovative technology so that students also experience elements of digital learning and assessment\u003C\u002Fp\u003E","furtherFeeInformation":"These tuition fees may be subject to additional increases in subsequent years of study, in line with King’s terms and conditions.","pgr":false,"destinationPartners":[],"preferredSubjects":null,"internationalPartTimeFee":null,"teachingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"entryDescription":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","optionalModules":[{"type":"modules","value":[{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:08:20.895297Z","versionNo":"1.0","modified":"2021-06-01T14:08:20.895297Z","modifiedBy":"","published":"2021-06-09T11:34:42.6416194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"12029af5-58d4-4864-b8bc-dbcd2f0d714f","projectId":"website","slug":"financial-derivatives-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Derivatives (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Derivatives (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:08:40.0249294Z","versionNo":"1.0","modified":"2021-06-01T14:08:40.0249294Z","modifiedBy":"","published":"2021-06-09T11:25:52.2851599Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"cad51772-e5d4-43ab-89ee-81e88851b932","projectId":"website","slug":"empirical-finance-15-credits-1","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Empirical Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Empirical Finance (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"K2363631","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-09-12T12:18:52.2585211Z","versionNo":"1.0","modified":"2023-09-12T12:18:52.2585211Z","modifiedBy":"K2363631","published":"2023-09-12T12:19:27.2487861Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d74354bd-2eb3-49f4-a07b-93e4290d0236","projectId":"website","slug":"risk-management-theory-and-applications-15-credits","properties":{}},"promoDescription":"Risk Management Theory and Applications (15 credits)","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Risk Management Theory and Applications (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Risk Management Theory and Applications (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T13:31:26.8936511Z","versionNo":"1.0","modified":"2021-06-01T13:31:26.8936511Z","modifiedBy":"","published":"2021-06-09T11:24:00.1671205Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8f18538b-3149-4e75-821d-1f6ab24032d3","projectId":"website","slug":"financial-econometrics-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Econometrics (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Econometrics (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:09:46.9674504Z","versionNo":"1.0","modified":"2021-06-01T14:09:46.9674504Z","modifiedBy":"","published":"2021-06-09T11:26:16.082373Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2562d8f7-8582-495d-81e5-acd9b4d50e2d","projectId":"website","slug":"financial-regulation-and-governance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Regulation and Governance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Regulation and Governance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:10:16.8350988Z","versionNo":"1.0","modified":"2021-06-01T14:10:16.8350988Z","modifiedBy":"","published":"2021-06-09T11:35:02.8553047Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7e980b23-19d0-4aa9-a300-3f67b1f8e69d","projectId":"website","slug":"topics-in-applied-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Topics in Applied Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Topics in Applied Finance (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"K2363631","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-09-11T13:52:30.5198368Z","versionNo":"1.0","modified":"2023-09-11T13:52:30.5198368Z","modifiedBy":"K2363631","published":"2023-09-11T13:52:43.2165053Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9d66e3f5-b3cb-49ee-a7db-bef157ef28d2","projectId":"website","slug":"principles-behavioral-finance-15-credits","properties":{}},"promoDescription":"Principles Behavioral Finance (15 credits) ","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Principles Behavioral Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Principles Behavioral Finance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k1819230","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1819230","archived":null,"deleted":null,"createdBy":"k1819230","created":"2020-04-25T02:12:04.4797012Z","versionNo":"1.0","modified":"2020-04-25T02:12:06.4886093Z","modifiedBy":"k1819230","published":"2020-04-25T02:14:30.783971Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2a23b957-40e8-42e2-82ce-cfbca0ec149d","projectId":"website","slug":"international-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"International Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"International Finance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:11:18.1681634Z","versionNo":"1.0","modified":"2021-06-01T14:11:18.1681634Z","modifiedBy":"","published":"2021-06-09T11:26:20.1246609Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3f680b06-ff58-4bd1-9c82-9fefdbaa0d9f","projectId":"website","slug":"financial-engineering-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Engineering (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Engineering (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:12:09.3925189Z","versionNo":"1.0","modified":"2021-06-01T14:12:09.3925189Z","modifiedBy":"","published":"2021-06-09T11:35:15.9056772Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"30b91738-4e2c-470a-88e3-785c90f97677","projectId":"website","slug":"computational-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Computational Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Computational Finance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:12:45.1879552Z","versionNo":"1.0","modified":"2021-06-01T14:12:45.1879552Z","modifiedBy":"","published":"2021-06-09T11:34:07.4607055Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"17fcce32-77ab-47a0-bca4-4d7c783e7679","projectId":"website","slug":"bond-markets-analysis-strategies-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Bond Markets, Analysis & Strategies (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Bond Markets, Analysis & Strategies (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"K2363631","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-09-12T12:21:07.8198017Z","versionNo":"1.0","modified":"2023-09-12T12:21:07.8198017Z","modifiedBy":"K2363631","published":"2023-09-12T12:21:29.1296096Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"aebe6f6f-3255-43c9-bc28-686d54f93b1e","projectId":"website","slug":"applied-financial-derivatives-15-credits","properties":{}},"promoDescription":"Applied Financial Derivatives (15 credits) ","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Applied Financial Derivatives (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Applied Financial Derivatives (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"K2363631","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"K2363631","archived":null,"deleted":null,"createdBy":"K2363631","created":"2023-08-07T13:26:30.4641406Z","versionNo":"1.0","modified":"2023-08-07T13:26:30.4641406Z","modifiedBy":"K2363631","published":"2023-08-07T13:53:40.885739Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"ebd19730-d387-4de9-b9b5-b156788ec8f7","projectId":"website","slug":"corporate-finance-15-credits-4","properties":{}},"promoDescription":"Corporate Finance (15 credits) ","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Corporate Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Corporate Finance (15 credits)"}]}],"relatedFeature":null,"year4Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"partners":[],"regulations":null,"courseEssentials":"The course seeks to provide a high-quality postgraduate education in Finance (Asset Pricing) in a research active and intellectually challenging environment. Students and professionals will focus on major issues in the area of finance such as investment analysis in financial markets, analysis of financial markets, models of asset prices and returns, optimal investment, and risk and portfolio management.\n\nBy the end of your studies, you’ll be able to apply core finance theory to real issues in the industry. And you’ll come away with an understanding of verbal, mathematical, graphical, and econometric representation of financial ideas. You’ll also have the skills to assess the functioning of financial and banking sectors around the world.","awardingInstitutionsImport":"King's College London","keyBenefits":["Our course provides you with a thorough knowledge of how complex financial markets operate.","Our practitioners have extensive and wide-ranging experience in the finance industry, providing invaluable contributions to the teaching of the modules and bringing theory into practice.","Close links and regular speakers from financial organisations give you insights and up-to-the-minute knowledge of the subject area and bring practical insights into the classroom by applying the theory to real-world scenarios.","Located in the heart of London, King's Business School has a strong reputation for research-led teaching and links to industry.","Apply for King's Business School scholarships of up to 50% tuition fees or £10,000 for our full-time postgraduate courses."],"studyMode":[{"entryDescription":null,"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"studyMode","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1466286","created":"2019-10-30T00:16:59.6442792Z","versionNo":"1.0","modified":"2019-10-30T00:17:00.50367Z","modifiedBy":"k1466286","published":"2019-10-30T00:17:01.1292161Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5fe408e8-ad96-4308-b310-3c089c7acd9e","projectId":"website","slug":"full-time","properties":{}},"title":"Full time","entryTitle":"Full time"}],"campuses":[{"entryThumbnail":null,"parent":null,"telephoneNumber":"+44 (0)20 7836 5454","city":"London","externalLink":null,"description":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","heroImage":{"transformations":null,"caption":"","asset":{"entryTitle":"strand-campus-hero","entryDescription":null,"sys":{"id":"deaa26e1-bd05-49b1-a275-b5348b96b330","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fstrand-campus-hero.xc0e1e14d.jpg"}}},"type":"Campus","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"location","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-06T13:18:19.6769162Z","versionNo":"40.0","modified":"2024-09-02T11:34:06.9306567Z","modifiedBy":"k2474853","published":"2024-09-02T13:33:31.4920405Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"436ab4d3-aac9-4817-affa-966a0b93acdc","projectId":"website","slug":"strand-campus","properties":{}},"emailAddress":null,"isKingsVenuesLocation":null,"accessForPeopleWithDisabilities":"https:\u002F\u002Fwww.accessable.co.uk\u002Fking-s-college-london\u002Fstrand-campus","thumbnail":{"altText":"The Quad - Strand campus","transformations":"w=1501&h=440&crop=780,440,361,0","caption":"","asset":{"entryTitle":"strand-quad","entryDescription":null,"sys":{"id":"288e1625-6af9-4d4e-ad96-a1376de59780","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002Fhomepageimages\u002FCarousel-Images\u002Fstrand-quad.xfb6a93cb.jpg?w=1501&h=440&crop=780,440,361,0"}}},"address":"Strand, London, WC2R 2LS","composer":[{"type":"text","value":"\u003Ch3\u003EThe Strand Campus is home to:\u003C\u002Fh3\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca title=\"School of Arts & Humanities\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fartshums\u002Findex.aspx\"\u003EFaculty of Arts & Humanities\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"The Dickson Poon School of Law\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Flaw\u002Findex.aspx\"\u003EThe Dickson Poon School of Law\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"School of Natural & Mathematical Sciences\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnms\u002Findex.aspx\"\u003EFaculty of Natural & Mathematical Sciences\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"School of Social Science & Public Policy\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fsspp\u002Findex.aspx\"\u003EFaculty of Social Science & Public Policy\u003C\u002Fa\u003E (also at the Waterloo Campus).\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Ffoundations\"\u003EKing's Foundations\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca title=\"King's Business School\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Findex.aspx\"\u003EKing's Business School\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe campus is close to:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Ethe Houses of Parliament\u003C\u002Fli\u003E\n\u003Cli\u003ESt Paul's Cathedral \u003C\u002Fli\u003E\n\u003Cli\u003ESomerset House and the Courtauld Institute of Art (next door)\u003C\u002Fli\u003E\n\u003Cli\u003ERoyal Courts of Justice\u003C\u002Fli\u003E\n\u003Cli\u003EWest End theatres, cinemas and shops\u003C\u002Fli\u003E\n\u003Cli\u003ECovent Garden, where you will find markets, shops and theatres\u003C\u002Fli\u003E\n\u003Cli\u003ETrafalgar Square, home to the National Gallery and the National Portrait Gallery.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"downloadNote","value":{"summary":"To find out what facilities and resources are available at Strand Campus and where they are located, refer to this short guide that covers everything from accessible toilet locations and secure bike parking to prayer rooms and food outlets.","files":[{"entryTitle":"EF-FacilitiesGuide-Strand","entryDescription":null,"sys":{"id":"a6b225cc-32aa-49b3-bb0e-49d4f26368dd","language":"en-GB","contentTypeId":"pdf","dataFormat":"asset","uri":"\u002Fabout\u002Fassets\u002Festates-assets\u002Fpdf\u002Fef-facilitiesguide-strand.pdf"}}],"alignment":"Left","title":"Download the Strand Campus Facilities Guide"}},{"type":"subheading","value":"Virtual tour"},{"type":"virtualTour","value":"https:\u002F\u002Flive.tourdash.com\u002Fembed\u002Fe807f78292b0419fa1ec8712cf71e5a7?bg=rgba(26,172,214,1)&fg=rgba(255,255,255,1)&txt=Tap%20to%20view%20the%20virtual%20tour&wmode=transparent"},{"type":"subheading","value":"How to get to the Strand Campus"},{"type":"text","value":"\u003Ch4\u003EBy underground\u003C\u002Fh4\u003E\n\u003Cp\u003ETemple (District and Circle lines): 2 minute walk. Charing Cross (Bakerloo and Northern lines): 10 minute walk, Embankment (District, Circle and Bakerloo lines): 10 minute walk, Waterloo (Jubilee, Northern, Bakerloo, Waterloo & City lines): 12 minute walk, Holborn (Central and Picadilly lines): 12 minute walk, Chancery Lane (Central line): use exit 4 - 15 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy train\u003C\u002Fh4\u003E\n\u003Cp\u003ECharing Cross: 9 minute walk. Waterloo: 12 minute walk. Waterloo East: 10 minute walk. Blackfriars: 12 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy bus\u003C\u002Fh4\u003E\n\u003Cp\u003EBuses stopping outside the university: 1, 4, 26, 59, 68, 76, X68, 168, 171, 172, 176 (24 hour), 188, 243 (24 hour), 341 (24 hour), 521, RV1.\u003C\u002Fp\u003E\n\u003Cp\u003EA shuttle bus service is available for staff and students (carrying their college ID) wishing to travel between the Guy’s and St Thomas' hospital sites, the latter also being within walking distance of Waterloo and the Strand. The pick-up and drop-off points are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eat St Thomas', the lower-ground car park opposite the Florence Nightingale Museum\u003C\u002Fli\u003E\n\u003Cli\u003Eat Guy's Campus, on Great Maze Pond on the lay-by to the Bloomfield Clinic.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch4\u003EBy boat - commuter river service\u003C\u002Fh4\u003E\n\u003Cp\u003EFrom the west, Putney - Blackfriars: get off at either Embankment Pier or Blackfriars Pier.\u003C\u002Fp\u003E\n\u003Ch4\u003EParking\u003C\u002Fh4\u003E\n\u003Cp\u003ENo public parking, but a pay and display parking system operates in nearby streets including Surrey Street. Motocycle bays are available in the Strand, Arundel Street, Temple Place and other nearby streets.\u003C\u002Fp\u003E\n\u003Cp\u003EWeekend and evening bicycle parking after 20.00 is permitted at the Strand entrance opposite Security. Please note that any bicycles left in this location after 08.30 Monday to Friday will be removed. No responsibility will be accepted for the replacement of locks or costs incurred. No bicycles are permitted to be brought into the buildings or chained to railings.\u003C\u002Fp\u003E\n\u003Cp\u003EStudents and staff may park at the Strand Campus secure bicycle park off Strand Lane but must register with Strand Campus Security for access.  There is bike parking in the streets, and Barclays Cycle Hire bikes are available close by.\u003C\u002Fp\u003E\n\u003Ch3\u003ETravelling to the Maughan Library\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EBy tube:\u003C\u002Fstrong\u003E Chancery Lane (Central line): use exit 4 - 6 minute walk. Temple (District and Circle lines): 6 minute walk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EOn foot from the Strand:\u003C\u002Fstrong\u003E 8 minute walk\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBicycle stands:\u003C\u002Fstrong\u003E Within the courtyard, to the right of the entry arch.\u003C\u002Fp\u003E\n\u003Ch3\u003ETravelling to 22 Kingsway\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EBy tube: \u003C\u002Fstrong\u003E22 Kingsway is equidistant to Temple and Covent Garden tube stations. Temple (District and Circle lines): 8 minute walk. Covent Garden (Piccadilly line): 5 minute walk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EOn foot from the Strand: \u003C\u002Fstrong\u003E6 minute walk\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBicycle stands:\u003C\u002Fstrong\u003E The nearest public cycle parking facility is at Lincoln’s Inn Fields. Students and staff may park at the Strand Campus secure bicycle park and must register with Strand Campus Security for access. Barclays Cycle Hire bikes are available close by.\u003C\u002Fp\u003E"},{"type":"subheading","value":"Campus map"},{"type":"image","value":{"altText":"Strand Campus (Strand and King's Buildings) Map","transformations":null,"caption":"","asset":{"entryTitle":"Strand detail 2024","entryDescription":null,"sys":{"id":"0d90465c-d6ce-4d05-887f-e8c28dab9533","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Fdetail\u002Fimages\u002Fstrand-detail-2024.x135123a7.jpg"}}}},{"type":"subheading","value":"Bush House Campus location"},{"type":"image","value":{"altText":"Strand Campus (Bush House) Map","transformations":null,"caption":"","asset":{"entryTitle":"Bush House detail 2024","entryDescription":null,"sys":{"id":"e73d96aa-d7ad-4b2d-85ac-fef43a080e03","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Fdetail\u002Fimages\u002Fbush-house-detail-2024.xe29aa452.jpg"}}}},{"type":"image","value":{"altText":"Strand and Waterloo location map","transformations":null,"caption":"","asset":{"entryTitle":"Waterloo location 2024","entryDescription":null,"sys":{"id":"01d0044a-3a83-48ca-af98-7f9440a71379","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Flocation\u002Fwaterloo-location-2024.x697bb75e.jpg"}}}}],"upcomingEvents":[{"entryTitle":"How to change the world","entryDescription":"A panel of industry experts will discuss what you, as a future leader, will need to succeed and the challenges you'll face.","entryThumbnail":null,"sys":{"id":"61ebfd58-b1a3-4732-b741-bbf449b8fa3b","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"A Beginner’s Guide to Early Modernity and the Environment","entryDescription":"Join us for our second Beginner’s Guide. This time we discuss the turn to ecocriticism and new attention to place, space, and systems.","entryThumbnail":null,"sys":{"id":"e5ad4e9e-82b0-483d-b6dc-3328b61ed735","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"EMF: Brains, Souls, and Spirits: (Neuro)Plasticity between Early Modern and Contemporary Thought","entryDescription":"The thought of the contemporary French philosopher Catherine Malabou orbits the central concept of ‘plasticity’, exploring its many forms and contexts. ","entryThumbnail":null,"sys":{"id":"7d3537dd-5b01-4e2f-9996-c249e11f51e6","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Anachronic Renaissance","entryDescription":"TBC","entryThumbnail":null,"sys":{"id":"84325730-82da-485c-9a1e-5b9a48fc34e1","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"CANCELLED Mexico's Drug War in the Era of AMLO","entryDescription":"Co-hosted by the Urban Violence Research Network and CSDRG","entryThumbnail":null,"sys":{"id":"1aec184b-390f-4d52-a7fb-6fa3f428b7b6","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"CANCELLED Libya's Fragmentation Structure and Process in Violent Conflict","entryDescription":"Wolfram Lacher will present his new book, Libya's Fragmentation: Structure and Process in Violent Conflict.","entryThumbnail":null,"sys":{"id":"09206fb0-b0d5-4cff-bab5-7be883b7b3ea","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Calculating Infinitesimals: Machine Learning From Lucretius To Deleuze and Simondon","entryDescription":"This event is now cancelled","entryThumbnail":null,"sys":{"id":"38d34f49-8d93-454a-ab3c-34d260ad0165","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Platforms and Cultural Production","entryDescription":"This event is now cancelled ","entryThumbnail":null,"sys":{"id":"f8185f57-6803-4fda-b350-4e47302c1f5c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"US covert\u002Fclandestine wars and civilian harm: the Airwars approach","entryDescription":"Airwars director Chris Woods will discuss Airwars' recently launched Somalia project.","entryThumbnail":null,"sys":{"id":"4650c3f1-ca61-46a5-a2bb-278d5ec68fcb","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}}],"mapEmbed":"\u003Ciframe src=\"https:\u002F\u002Fwww.google.com\u002Fmaps\u002Fembed?pb=!1m18!1m12!1m3!1d4966.168900480979!2d-0.118389066000884!3d51.511666640380994!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x487604b5a3b455dd%3A0xb0643efb7ed0928d!2sKing's+College+London!5e0!3m2!1sen!2suk!4v1542034489513\" frameborder=\"0\" style=\"border:0\" allowfullscreen\u003E\u003C\u002Fiframe\u003E","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","the":true,"colour":{"entryTitle":"King's red","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e4702577-5325-48d8-865f-e44a59647871","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"name":"Strand Campus","location":{"lon":-0.11599699999999302,"lat":51.51148639999999},"entryTitle":"Strand Campus"},{"entryThumbnail":null,"parent":null,"telephoneNumber":"+44 (0)20 7836 5454","city":"London","externalLink":null,"description":"Waterloo campus is home of the Florence Nightingale Faculty of Nursing & Midwifery and facilities for other faculties","heroImage":{"transformations":null,"caption":"","asset":{"entryTitle":"waterloo-banner","entryDescription":null,"sys":{"id":"31463ee1-c924-4b5b-a53f-580968425702","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fwaterloo-banner.x5fae1767.jpg"}}},"type":"Campus","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"location","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-06T13:14:26.837926Z","versionNo":"16.0","modified":"2024-09-02T11:37:29.3748286Z","modifiedBy":"k2474853","published":"2024-09-02T13:34:00.8155914Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"45b95966-4ae4-46ca-85bc-50c2538e1bbd","projectId":"website","slug":"waterloo-campus","properties":{}},"emailAddress":null,"isKingsVenuesLocation":"yes","accessForPeopleWithDisabilities":"https:\u002F\u002Fwww.accessable.co.uk\u002Fking-s-college-london\u002Fwaterloo-campus","thumbnail":{"altText":"Waterloo campus exterior at night","transformations":"w=1501&h=440&crop=780,440,98,0","caption":"","asset":{"entryTitle":"waterloo-banner","entryDescription":null,"sys":{"id":"31463ee1-c924-4b5b-a53f-580968425702","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fwaterloo-banner.x5fae1767.jpg?w=1501&h=440&crop=780,440,98,0"}}},"address":"57 Waterloo Road London, SE1 8WA","composer":[{"type":"subheading","value":"About the campus"},{"type":"text","value":"\u003Ch3\u003EThe Waterloo Campus is home to:\u003C\u002Fh3\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnursing\u002FIndex.aspx\"\u003EFlorence Nightingale Faculty of Nursing and Midwifery\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Flsm\u002Findex.aspx\"\u003EFaculty of Life Sciences & Medicine (also at the Guy's Campus)\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fsspp\u002Findex.aspx\"\u003EFaculty of Social Science & Public Policy (also at the Strand Campus)\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003ELondon Dental Education Centre (LonDEC), part of the Dental Institute (also at Guy's and Denmark Hill).\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe campus is next to:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELondon's South Bank Centre which includes: the National Film Theatre; British Film Institute (BFI); Royal Festival Hall; Hayward Gallery; National Theatre.\u003C\u002Fli\u003E\n\u003Cli\u003EWaterloo Station (3 minutes walk)\u003C\u002Fli\u003E\n\u003Cli\u003EYoung Vic and Old Vic theatres are nearby.\u003C\u002Fli\u003E\n\u003Cli\u003EThe campus has three main buildings:\u003C\u002Fli\u003E\n\u003Cli\u003EThe Franklin-Wilkins Building, one of London's largest university buildings and completely refurbished and opened in 2000.\u003C\u002Fli\u003E\n\u003Cli\u003EStamford Street Apartments, with en suite accommodation for over 500 students.\u003C\u002Fli\u003E\n\u003Cli\u003EJames Clerk Maxwell Building, home to the School of Nursing and Midwifery, Principal and university administration.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"downloadNote","value":{"summary":"To find out what facilities and resources are available at Waterloo Campus and where they are located, refer to this short guide that covers everything from library locations to prayer rooms and food outlets.","files":[{"entryTitle":"EF-FacilitiesGuide-Waterloo","entryDescription":null,"sys":{"id":"bc5d89d4-5885-4052-b068-cfefbe771506","language":"en-GB","contentTypeId":"pdf","dataFormat":"asset","uri":"\u002Fabout\u002Fassets\u002Festates-assets\u002Fpdf\u002Fef-facilitiesguide-waterloo.pdf"}}],"alignment":"Left","title":"Download the Waterloo Campus Facilities Guide"}},{"type":"kalturaVideo","value":{"videoDescription":null,"videoTitle":null,"kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002Ft\u002F1_sjjac72i"}},{"type":"subheading","value":"How to get to Waterloo Campus"},{"type":"text","value":"\u003Ch4\u003EBy underground\u003C\u002Fh4\u003E\n\u003Cp\u003EWaterloo (Bakerloo, Jubilee, Northern and Waterloo & City lines): 4 minute walk, Charing Cross (Bakerloo and Northern lines): 9 minute walk, Embankment (District, Circle and Bakerloo lines): 13 minute walk, Temple (District and Circle lines): 20 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy train\u003C\u002Fh4\u003E\n\u003Cp\u003ECharing Cross: 9 minute walk. Waterloo: 4 minute walk. Waterloo East: 5 minute walk. Blackfriars: 17 minute walk.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy bus\u003C\u002Fh4\u003E\n\u003Cp\u003EBuses stopping outside the university: 381, RV1. Buses stopping near the university: 1, 4, 26, 59, 68, 76, X68, 77, 139, 168, 171, 172, 188, 211, 243 (24 hour), 341 (24 hour), 507 and 521.\u003C\u002Fp\u003E\n\u003Cp\u003EA shuttle bus service is available for staff and students (carrying their college ID) wishing to travel between the Guy’s and St Thomas' hospital sites, the latter also being within walking distance of Waterloo and the Strand. The pick-up and drop-off points are:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Eat St Thomas', the lower-ground car park opposite the Florence Nightingale Museum\u003C\u002Fli\u003E\n\u003Cli\u003Eat Guy's Campus, on Great Maze Pond on the lay-by to the Bloomfield Clinic.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch4\u003EBy boat - commuter river service\u003C\u002Fh4\u003E\n\u003Cp\u003EFrom the west, Putney - Blackfriars: get off at either Embankment Pier or Blackfriars Pier. From the east, Woolwich Arsenal - Savoy: get off at Blackfriars Pier.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy car\u003C\u002Fh4\u003E\n\u003Cp\u003EThere is no car parking available on this campus. There is an APCOA car park on Cornwall Road. Stamford Street is a red route.\u003C\u002Fp\u003E\n\u003Ch4\u003EBy bike\u003C\u002Fh4\u003E\n\u003Cp\u003ELambeth Council cycle racks are available in front of the Franklin-Wilkins and James Clerk Maxwell Buildings. Bicycle parking is available in the bike shed at the back of the Franklin-Wilkins Building on a long term bookable basis. Please contact the \u003Ca href=\"mailto:fwb.helpdesk@etde.co.uk\"\u003EETDE helpdesk\u003C\u002Fa\u003E for details.\u003C\u002Fp\u003E\n\u003Ch4\u003EParking\u003C\u002Fh4\u003E\n\u003Cp\u003ENo public parking. Motorcycle bays are available in Cornwall Road.\u003C\u002Fp\u003E\n\u003Cp\u003EBicycle stands are outside the front entrances of Franklin-Wilkins and James Clerk Maxwell buildings.\u003C\u002Fp\u003E"},{"type":"subheading","value":"Waterloo Campus map"},{"type":"image","value":{"altText":"Waterloo Campus map","transformations":null,"caption":"","asset":{"entryTitle":"Waterloo detail 2024","entryDescription":null,"sys":{"id":"8fcfb038-a7a0-4f78-b5f0-40d4cd6e75e6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Fdetail\u002Fimages\u002Fwaterloo-detail-2024.xf74b83cb.jpg"}}}},{"type":"subheading","value":"Strand and Waterloo campuses location map"},{"type":"image","value":{"altText":"Waterloo Campus location in relation to Strand Campus map","transformations":null,"caption":"","asset":{"entryTitle":"Waterloo location 2024","entryDescription":null,"sys":{"id":"01d0044a-3a83-48ca-af98-7f9440a71379","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Flocation\u002Fwaterloo-location-2024.x697bb75e.jpg"}}}},{"type":"subheading","value":"Waterloo and St Thomas' campuses location map"},{"type":"image","value":{"altText":"Waterloo Campus location in relation to St Thomas' Campus map","transformations":null,"caption":"","asset":{"entryTitle":"Waterloo St Thomas Location 2024","entryDescription":null,"sys":{"id":"0e22707c-993e-484b-b05d-db21eb092603","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fcore-assets\u002Fmaps\u002Flocation\u002Fwaterloo-st-thomas-location-2024.x213ed54e.jpg"}}}}],"upcomingEvents":[],"mapEmbed":"\u003Ciframe src=\"https:\u002F\u002Fwww.google.com\u002Fmaps\u002Fembed?pb=!1m18!1m12!1m3!1d4966.582058742012!2d-0.11353281754838385!3d51.50787652281235!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x487604b760a6aec5%3A0xe9546c4de79d7ae4!2sKing's+College+London+-+Waterloo+Campus!5e0!3m2!1sen!2suk!4v1542035382584\" frameborder=\"0\" style=\"border:0\" allowfullscreen\u003E\u003C\u002Fiframe\u003E","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Waterloo campus is home of the Florence Nightingale Faculty of Nursing & Midwifery and facilities for other faculties","the":false,"colour":{"entryTitle":"Slate grey","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97a0a73b-993e-4d21-9b32-9ab4c6946ea5","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"name":"Waterloo Campus","location":{"lon":-0.11212009999997008,"lat":51.5054119},"entryTitle":"Waterloo Campus"}],"regulatingBodies":[],"testimonial":{"entryThumbnail":null,"image":{"altText":"Michal, Finance - Asset Pricing, KBS","transformations":"crop=720,668,0,0","caption":"","asset":{"entryTitle":"Michal Malek","entryDescription":null,"sys":{"id":"3820168f-ee45-4a80-b0d9-13685937b8df","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Ftestimonials\u002Fmichal-malek.x3d62f52e.jpeg?crop=720,668,0,0"}}},"dateOfPermission":"2023-03-22T00:00:00","displayName":"Michal, Finance [Asset Pricing]","entryDescription":null,"description":null,"fullName":"Michal Malek","fullQuote":"My favourite part about the Msc Finance (Asset Pricing) at King's Business School was the opportunity to build networking opportunities with students from different countries. I've had encouraging supportive staff and a special environment to study. Thanks to King's excellent teaching, I have been equipped with necessary practical skills to work in Procurement and Finance department for the United States based NGO. During my time on the course, I accepted an internship offer from one of the largest energy sector groups in Europe.","title":"Finance (Asset Pricing)","sys":{"owner":"k2363493","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"testimonial","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2363493","archived":null,"deleted":null,"createdBy":"k2363493","created":"2023-04-06T15:20:47.4985189Z","versionNo":"1.0","modified":"2023-04-06T15:20:47.4985189Z","modifiedBy":"k2363493","published":"2023-04-06T15:21:19.2677167Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"23586a42-5f46-4998-8017-5e667aa0804a","projectId":"website","slug":"finance-asset-pricing","properties":{}},"shortQuote":"Thanks to King's excellent teaching, I have been equipped with necessary practical skills to work in Procurement and Finance department for the United States based NGO. ","permissionObtained":true,"quote":null,"vidYouTube":{"youTubeurL":null},"entryTitle":"Finance (Asset Pricing)","personDescription":"King's Business School Student "},"feesAndFundingImport":"\u003Cp\u003EIf you receive an offer for this programme, you will be required to pay a non-refundable deposit to secure your place. Deposit payments are credited towards the total tuition fee payment.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Home deposit is £1000. The International deposit is £3000.\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EIf you receive an offer before January, payment is due within two months of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 January and 31 March, payment is due within one month of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 1 April and 15 July, payment is due within two weeks of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer between 16 July and 10 August, payment is due within one week of receiving the offer.\u003C\u002Fli\u003E\n\u003Cli\u003EIf you receive an offer from 11 August onwards, payment is due within three days of receiving the offer.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EIf you are a current undergraduate King’s student in receipt of the \u003Ca title=\"King's Living Bursary\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy-legacy\u002Ffunding?feeStatus=null&keyword=King%27s%20Living%20Bursary&subject=null\"\u003EKing's Living Bursary\u003C\u002Fa\u003E this academic year, you are not required to pay a deposit to secure your place on the programme. Please note, this will not change the total fees payable for your chosen programme.\u003C\u002Fp\u003E\n\u003Cp\u003EPlease visit our web pages on \u003Ca title=\"Fees and Funding\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fpostgraduate-taught\u002Ffees-and-funding\"\u003Efees and funding\u003C\u002Fa\u003E for more information.\u003C\u002Fp\u003E","courseType":null,"awardingInstitutions":[],"furtherInformationWillBeDeleted":null,"optionalAccreditedInternships":false,"optionalInternships1":false,"relatedCourses":[],"assessment":"\u003Cp\u003EThroughout the degree students are assessed by a variety of methods, which include written examinations, coursework and individual or group projects and presentations for the taught modules. The dissertation submitted in September each year is worth 60 credits. Assignment feedback is provided within four working weeks of submission.\u003C\u002Fp\u003E","gtmDataLayer":{"audience":{"gtm":"Prospective Student","entryDescription":null,"sys":{"owner":"k2040458","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCampaignType","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2040458","archived":null,"deleted":null,"createdBy":"k2040458","created":"2021-10-13T13:43:34.6232364Z","versionNo":"1.0","modified":"2021-10-13T13:43:34.6232364Z","modifiedBy":"k2040458","published":"2021-10-13T13:43:39.7326563Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a5192083-1116-416c-88f1-51bc33034c07","projectId":"website","slug":"prospective-student-1","properties":{}},"title":"Prospective student","entryTitle":"Prospective student"},"levelOfStudy":{"entryThumbnail":null,"gtm":"Postgraduate Taught","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCourseType","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-05-23T09:18:54.2729837Z","versionNo":"2.0","modified":"2023-08-31T09:55:42.6212838Z","modifiedBy":"k2259398","published":"2023-08-31T09:55:44.2628587Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0a78a659-6f06-4244-93d2-ba9f197f9dc8","projectId":"website","slug":"postgraduate-taught-2019","properties":{}},"title":"Postgraduate Taught","entryTitle":"Postgraduate Taught"},"subjectArea":{"entryThumbnail":null,"gtm":"Finance","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmSubjectArea","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-06-14T15:54:28.8748246Z","versionNo":"1.0","modified":"2023-06-14T15:54:28.8748246Z","modifiedBy":"k2259398","published":"2023-06-14T15:54:33.9197115Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"52049bef-3b93-4a9a-87a8-f52a363966d5","projectId":"website","slug":"finance-5","properties":{}},"title":"Finance","entryTitle":"Finance"},"department":{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryTitle":"Pebble","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d832113-ce53-404f-9228-3cad3c917410","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null},"priority":{"entryThumbnail":null,"gtm":"Bronze","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCampaignLevel","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-05-23T10:40:15.9919813Z","versionNo":"1.0","modified":"2023-05-23T10:40:15.9919813Z","modifiedBy":"k2259398","published":"2023-05-23T10:40:18.7682905Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"08b24270-3a81-4718-9a8f-f33b042720d7","projectId":"website","slug":"bronze","properties":{}},"title":"Bronze","entryTitle":"Bronze"},"contentType":{"entryThumbnail":null,"gtm":"Engagement","entryDescription":null,"sys":{"owner":"k2259398","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"gtmCampaign","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2259398","archived":null,"deleted":null,"createdBy":"k2259398","created":"2023-06-07T08:52:43.0915466Z","versionNo":"1.0","modified":"2023-06-07T08:52:43.0915466Z","modifiedBy":"k2259398","published":"2023-06-07T08:52:49.0101788Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6fd58846-03a7-40a3-905d-a5c6157dc1fc","projectId":"website","slug":"engagement","properties":{}},"title":"Engagement","entryTitle":"Engagement"},"faculty":{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryTitle":"Pebble","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d832113-ce53-404f-9228-3cad3c917410","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null}},"applicationStatus":"Open","qualificationImport":"MSc","learningOutcomes":null,"creditValue":"UK 180 \u002F ECTS 90","ucasCode":"N\u002FA","image":{"altText":"","transformations":"w=780&h=483&crop=780,440,0,0","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"Asset Pricing","entryDescription":null,"description":null,"sys":{"owner":"k1512736","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"87ce01a6-3019-472b-90bd-d6ee08aaf138"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002Fnewimages\u002Fstudy\u002Fpostgraduate\u002Fasset-pricing.x4b12c813.jpg?w=780&h=483&crop=780,440,0,0","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2022-03-11T11:08:44.0565123Z","versionNo":"1.0","modified":"2022-03-11T11:08:44.4627818Z","modifiedBy":"ServicesUser","published":"2022-03-11T11:19:08.7484972Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"87ce01a6-3019-472b-90bd-d6ee08aaf138","projectId":"website","slug":null,"properties":{"filename":"asset-pricing.jpg","fileSize":8845053,"filePath":"\u002Fnewimages\u002Fstudy\u002Fpostgraduate\u002F","width":6942,"fileId":"87ce01a6-3019-472b-90bd-d6ee08aaf138","height":4302}},"title":"Asset Pricing","entryTitle":"Asset Pricing"}},"kisID":null,"courseVideo":{"videoDescription":null,"videoTitle":"Finance (Asset Pricing) MSc","kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FFinance%20(Asset%20Pricing)%20MSc%20King's%20Business%20School\u002F1_1bdt1f13"},"year1Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year3Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"year5Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"masterOfLawsCourseEssentials":null,"qualification":{"entryDescription":null,"sys":{"owner":"k1927734","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"qualification","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1466286","archived":null,"deleted":null,"createdBy":"k1927734","created":"2020-09-30T16:11:43.7751225Z","versionNo":"1.0","modified":"2020-09-30T16:11:43.7751225Z","modifiedBy":"k1927734","published":"2020-10-05T15:58:52.9516149Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a9121a6c-5b91-422b-be64-c25bd605cc1a","projectId":"website","slug":"msc","properties":{}},"title":"MSc","entryTitle":"MSc"},"ukFee":"£43,000 per year (2025\u002F26)","locationsImport":"The majority of learning for this degree takes place at the King’s College London Strand and Waterloo campuses. Please note that locations are determined by where each module is taught and may vary depending on the optional modules you select.","requiredSubjects":null,"courseInformation":"In our MSc in Finance (Asset Pricing) you will develop your understanding of the financial instruments that determine asset prices and examine how complex financial markets operate. \n\nThe course will focus on major issues in the area of finance such as investment analysis in financial markets, modules focus on topics like investment analysis in financial markets, models of asset prices and returns, optimal investment, and risk and portfolio management.\n\nWe'll challenge you to think critically about the industry. And the diverse community on the course will provide the ideal environment for networking and learning. ","optionalModulesDescription":"In addition, you are required to take 45 credits from a range of optional modules that may typically include:","courseAccreditors":[],"purpose":"\u003Cp\u003EWhether you’re a current student or a working professional, we’ll provide an intellectually challenging environment for you to learn about financial markets.\u003C\u002Fp\u003E\n\u003Cp\u003EPart of our mission at King’s Business School is to create future leaders. We’ll make sure you’re equipped with all the skills you’ll need in your career, whether that’s academic research, policymaking, or managing financial institutions.\u003C\u002Fp\u003E","entryRequirement":{"level":"High 2:1 (65%)","grade":"High 2:1 (65%)","entryDescription":null,"pgtDefault":"\u003Cp\u003EA minimum high 2:1 undergraduate Bachelor’s (honours) degree with a final mark of at least 65% or above\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EIf you have a lower degree classification\u003C\u002Fstrong\u003E, or a degree in an unrelated subject, your application may be considered if you can demonstrate significant relevant work experience, or offer a related graduate qualification (such as a Masters or PGDip).\u003C\u002Fp\u003E","sys":{"owner":"k2040458","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"entryRequirementLevel","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2040458","archived":null,"deleted":null,"createdBy":"k2040458","created":"2021-06-02T13:21:58.8081109Z","versionNo":"4.0","modified":"2022-12-15T10:23:24.8323475Z","modifiedBy":"k2040458","published":"2022-12-19T10:11:06.3110914Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7ad8c703-8ba3-401a-ab1b-7835bc2870ac","projectId":"website","slug":"high-21","properties":{}},"entryTitle":"High 2:1 (65%)"},"description":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","furtherLearning":null,"isOnline":false,"courseStructureOverride":"Courses are divided into modules. You will normally take modules totaling 180 credits.","title":"Finance (Asset Pricing)","sys":{"owner":"SearchDataImport","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"postgraduateCourse","language":"en-GB","allUris":["\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc"],"uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc","version":{"publishedBy":"k2478113","archived":null,"deleted":null,"createdBy":"SearchDataImport","created":"2021-05-20T09:15:59.1252131Z","versionNo":"18.0","modified":"2024-10-15T12:18:20.0580342Z","modifiedBy":"k0961520","published":"2024-10-16T14:04:07.9555947Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"55696733-d2cf-4137-80b2-cd800a34b354","projectId":"website","slug":"finance-asset-pricing-1","properties":{}},"year6Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"duration":"One year full-time, September to September","courseImage":{"altText":"Asset Pricing","transformations":"w=780&h=483&crop=780,450,0,0","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"Asset Pricing","entryDescription":null,"description":null,"sys":{"owner":"k1512736","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"87ce01a6-3019-472b-90bd-d6ee08aaf138"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002Fnewimages\u002Fstudy\u002Fpostgraduate\u002Fasset-pricing.x4b12c813.jpg?w=780&h=483&crop=780,450,0,0","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2022-03-11T11:08:44.0565123Z","versionNo":"1.0","modified":"2022-03-11T11:08:44.4627818Z","modifiedBy":"ServicesUser","published":"2022-03-11T11:19:08.7484972Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"87ce01a6-3019-472b-90bd-d6ee08aaf138","projectId":"website","slug":null,"properties":{"filename":"asset-pricing.jpg","fileSize":8845053,"filePath":"\u002Fnewimages\u002Fstudy\u002Fpostgraduate\u002F","width":6942,"fileId":"87ce01a6-3019-472b-90bd-d6ee08aaf138","height":4302}},"title":"Asset Pricing","entryTitle":"Asset Pricing"}},"feesVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"teachingMethods":[],"marketingBand":null,"courseAims":[],"internationalFee":"£43,000 per year (2025\u002F26)","year2Modules":{"optionalModules":[],"requiredModulesDescription":null,"requiredModules":[],"optionalModulesDescription":null},"relatedEvent":null,"optionalStudyAbroad":false,"fundingVideo":{"videoDescription":null,"videoTitle":null,"kalturaLink":null},"standardRequirementsOverride":null,"contactInformation":{"name":"Contact Us (King's Contact Centre)","link":[{"linkLabel":"King's Contact Centre","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fstudy\u002Fcontact-us"}],"entryDescription":null,"telephone":[],"text":null,"sys":{"owner":"k1638316","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"contactInformation","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1469912","archived":null,"deleted":null,"createdBy":"k1638316","created":"2021-06-25T08:33:41.465754Z","versionNo":"17.0","modified":"2023-02-17T08:29:36.6794053Z","modifiedBy":"k1469912","published":"2023-02-17T08:29:44.3685208Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"1f32f109-c096-4de6-927c-a82014a1cfa5","projectId":"website","slug":"contact-us-3","properties":{}},"headingOverride":null,"entryTitle":"Contact Us (King's Contact Centre)","email":[]},"applicationDeadlineOnlineOverride":[],"startDates":[{"entryThumbnail":null,"entryDescription":null,"sys":{"owner":"k1470820","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"startDate","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1470820","archived":null,"deleted":null,"createdBy":"k1470820","created":"2024-03-27T10:57:00.1637766Z","versionNo":"1.0","modified":"2024-03-27T10:57:00.1637766Z","modifiedBy":"k1470820","published":"2024-03-27T10:57:02.8513024Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"97aab37c-ed5f-4b13-8d72-a6e0408c2e81","projectId":"website","slug":"september-2025","properties":{}},"title":"September 2025","entryTitle":"September 2025"}],"professionalNetwork":null,"additionalCostsFurtherInformation":null,"courseStructureExplanation":null,"requiredModulesDescription":"You are required to take:","requiredModules":[{"type":"modules","value":[{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k2372300","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1338201","archived":null,"deleted":null,"createdBy":"k2372300","created":"2024-09-16T13:33:31.9377486Z","versionNo":"1.0","modified":"2024-10-21T10:51:33.3009839Z","modifiedBy":"k2372300","published":"2024-10-21T11:17:55.5527452Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8689af4c-0f49-4dc1-b1a3-9adcb1fa3dc7","projectId":"website","slug":"quantitative-finance-and-analytics-techniques-15-credits","properties":{}},"promoDescription":"Quantitative Finance and Analytics Techniques","studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"department":[],"teachingPattern":null,"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Quantitative Finance and Analytics Techniques (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Quantitative Finance and Analytics Techniques (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:06:30.4282417Z","versionNo":"1.0","modified":"2021-06-01T14:06:30.4282417Z","modifiedBy":"","published":"2021-06-09T11:24:52.9056679Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9878f67a-5341-4db9-91ac-1c21b621c9bb","projectId":"website","slug":"investments-analysis-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Investments Analysis (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Investments Analysis (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:06:54.3224332Z","versionNo":"1.0","modified":"2021-06-01T14:06:54.3224332Z","modifiedBy":"","published":"2021-06-09T11:24:56.9213801Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d2718374-740f-4724-b09e-43f369a15c61","projectId":"website","slug":"applied-corporate-finance-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Applied Corporate Finance (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Applied Corporate Finance (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:07:13.1771619Z","versionNo":"1.0","modified":"2021-06-01T14:07:13.1771619Z","modifiedBy":"","published":"2021-06-09T11:25:01.1726367Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"dd23064f-b68e-4384-87fc-92923d51d205","projectId":"website","slug":"financial-markets-institutions-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Financial Markets & Institutions (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Financial Markets & Institutions (15 credits)"},{"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-06-01T14:07:37.2797677Z","versionNo":"1.0","modified":"2021-06-01T14:07:37.2797677Z","modifiedBy":"","published":"2021-06-09T11:34:36.0278783Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8f4450fd-3c99-4e24-a2f3-32c8d948bdd3","projectId":"website","slug":"asset-pricing-15-credits","properties":{}},"promoDescription":null,"studySubjectAreas":[],"assessment":null,"creditLevel":null,"academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":null,"subjectAreas":[],"creditValue":null,"teachingPattern":null,"department":[],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":null,"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Asset Pricing (15 credits)","educationalAimsAndObjectives":null,"semester":null,"studyAbroad":false,"entryTitle":"Asset Pricing (15 credits)"},{"entryThumbnail":null,"abroadOnly":false,"code":null,"suggestedReadingList":null,"heroImage":null,"sys":{"owner":"k1802307","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"modules","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1642385","archived":null,"deleted":null,"createdBy":"k1802307","created":"2020-03-22T03:05:00.3039833Z","versionNo":"6.0","modified":"2023-10-12T15:23:27.8644633Z","modifiedBy":"k1642385","published":"2023-10-12T15:26:09.8419146Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a368adbd-6fb8-4662-9f21-824732d6518f","projectId":"website","slug":"dissertation-60-credits","properties":{}},"promoDescription":"Dissertation (60 Credits) - MSc requirement ","studySubjectAreas":[],"assessment":"\u003Cp\u003E1 x 12,000-word dissertation\u003C\u002Fp\u003E\u003Ch4\u003ERequired module for\u003C\u002Fh4\u003E\u003Cul\u003E\u003Cli\u003E\u003Ca title=\"Go to International Relations & Contemporary War MA DL\" href=\"https:\u002F\u002Fpreview-kcl.cloud.contensis.com\u002Fstudy\u002Fpostgraduate\u002Ftaught-courses\u002Finternational-relations-contemporary-war-ma-dl\"\u003EInternational Relations & Contemporary War MA DL\u003C\u002Fa\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Ca title=\"Go to War in the Modern World MA DL\" href=\"https:\u002F\u002Fpreview-kcl.cloud.contensis.com\u002Fstudy\u002Fpostgraduate\u002Ftaught-courses\u002Fwar-in-the-modern-world-ma-dl\"\u003EWar in the Modern World MA DL\u003C\u002Fa\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E","creditLevel":"7","academicYear":"2018","longText":null,"saEntryRequirements":null,"saOtherInformation":null,"isPublic":false,"learningOutcomes":"\u003Cp\u003EAfter completing this course students will have acquired:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003Especialised understanding of a narrow area of study and critical engagement with associated scholarly debates;\u003C\u002Fli\u003E\u003Cli\u003Eability to define a research topic, conduct independent research and present findings in an extended piece of written work;\u003C\u002Fli\u003E\u003Cli\u003Eability to construct academic analysis of a significant length showing breadth and sophistication;\u003C\u002Fli\u003E\u003Cli\u003Eunderstand and explain historical events and the workings of significant factors within the field of study;\u003C\u002Fli\u003E\u003Cli\u003Ecritically engage with a wide body of literature and concepts;\u003C\u002Fli\u003E\u003Cli\u003Eexercise informed and independent critical judgement through structured and reasoned argumentation;\u003C\u002Fli\u003E\u003Cli\u003Edemonstrate the ability to deal with complex concepts and problems in a sophisticated manner to advanced level;\u003C\u002Fli\u003E\u003Cli\u003Esynthesize information and apply knowledge between topics;\u003C\u002Fli\u003E\u003Cli\u003Emanage individual learning process;\u003C\u002Fli\u003E\u003Cli\u003Emake use of constructive feedback to achieve progression in understanding, methods and judgement;\u003C\u002Fli\u003E\u003Cli\u003Eidentify, formulate and articulate a research topic;\u003C\u002Fli\u003E\u003Cli\u003Eplan and undertake a long piece of research-based writing;\u003C\u002Fli\u003E\u003Cli\u003Eidentify, formulate and articulate reasoned solutions to narrowly specialised problems at an advanced level;\u003C\u002Fli\u003E\u003Cli\u003Egather, organise, evaluate and interpret information from a variety of sources, including primary material;\u003C\u002Fli\u003E\u003Cli\u003Eapply concepts, theories and methods in a systematic and reflective manner;\u003C\u002Fli\u003E\u003Cli\u003Edemonstrate a high degree of self-motivation, independence, personal responsibility and organisation;\u003C\u002Fli\u003E\u003Cli\u003Emaster the use of information technologies for advanced research and the presentation of work;\u003C\u002Fli\u003E\u003Cli\u003Ecommunicate effectively and fluently in writing;\u003C\u002Fli\u003E\u003Cli\u003Ework independently;\u003C\u002Fli\u003E\u003Cli\u003Eplan and deliver on time an individual project or assignment;\u003C\u002Fli\u003E\u003Cli\u003Ecritically assess the relevance and importance of the ideas of others;\u003C\u002Fli\u003E\u003C\u002Ful\u003E","subjectAreas":[],"creditValue":"60","teachingPattern":"\u003Cp\u003E1 x 4 weeks for Dissertation Preparation module and then write up time\u003C\u002Fp\u003E","department":[{"entryTitle":"Faculty of Social Science & Public Policy","entryDescription":"sspp","entryThumbnail":null,"sys":{"id":"affd3ae9-0923-43cd-8d88-f4171acf0043","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Security Studies","entryDescription":"security-studies","entryThumbnail":null,"sys":{"id":"4d01cd5b-5da3-4a2e-a4ba-3c8f434b8e90","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of War Studies","entryDescription":"warstudies","entryThumbnail":null,"sys":{"id":"bc942857-185c-4fe0-8d84-1ad0344a9f04","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"thumbnailImage":null,"summary":null,"toBeApproved":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"saAssessment":null,"entryRequirements":null,"promoTitle":null,"name":"Dissertation (60 Credits)","educationalAimsAndObjectives":"\u003Cp\u003EThe educational aims of this course are:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003Eto equip students with the skills to embark on an extended piece of research-based written work on a topic of their own choosing;\u003C\u002Fli\u003E\u003Cli\u003Eto introduce students to the range of resources and methodologies available to them;\u003C\u002Fli\u003E\u003Cli\u003Eto assist with the planning and design of the project.\u003C\u002Fli\u003E\u003C\u002Ful\u003E","semester":"Full Year","studyAbroad":false,"entryTitle":"Dissertation (60 Credits)"}]}],"applyButtonOverride":null}],"relatedPeople":[{"entryThumbnail":null,"lastName":"Rosales","socialLinks":[],"regions":[],"roomNumber":null,"displayName":"Raúl Rosales","jobTitle":"Professor of Practice in Net Zero Asset Management","publishDate":null,"description":"Professor Raúl C. Rosales is a Professor of Practice in Net Zero Asset Management in the Department of Engineering in the Faculty of Natural, Mathematical & Engineering Sciences at King's College London","relatedNews":[{"summary":"New Visiting Professors join Faculty of Natural, Mathematical & Engineering Sciences","entryThumbnail":null,"image":{"altText":"Bush House ","transformations":null,"caption":"","asset":{"entryTitle":"Bush House 780440","entryDescription":null,"sys":{"id":"c8d8b004-8b79-41ac-a124-b0912c33badd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002FPress-Photos\u002FBush-House-780440.xfd2f34bc.jpg"}}},"regions":[],"topics":[{"entryTitle":"Computer science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a85ef05b-e510-4f79-9fd3-b2f5ad4bbb79","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Engineering","entryDescription":null,"entryThumbnail":null,"sys":{"id":"014d78ac-446a-42e6-b748-12ff8a713757","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2022-05-09T00:00:00","searchOptions":null,"entryDescription":"New Visiting Professors join Faculty of Natural, Mathematical & Engineering Sciences","relatedEvent":null,"relatedLinks":[],"title":"New Visiting Professors","sys":{"owner":"k1767312","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1925973","archived":null,"deleted":null,"createdBy":"k1767312","created":"2022-05-09T08:37:59.1031965Z","versionNo":"3.0","modified":"2022-05-31T16:41:26.7383786Z","modifiedBy":"k1925973","published":"2022-05-31T16:41:37.9404847Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"dc66efad-8e8b-4292-ab04-4881dc6946ce","projectId":"website","slug":"new-visiting-professors","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Luca Viganò","entryDescription":"Vice-Dean (Enterprise and Engagement) and Head of Cybersecurity Group","entryThumbnail":null,"sys":{"id":"ac97f0b8-114c-4dba-b9be-23a432aef7bb","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EFour new Visiting Professors who are experts in technology and industry have been appointed to work with staff and students in the Faculty of Natural, Mathematical & Engineering Sciences:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli data-leveltext=\"\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"\u003EProfessor \u003Ca href=\"https:\u002F\u002Fwww.vodafone-institut.de\u002Fabout\u002Fprofessor-gerhard-fettweis\u002F\"\u003EGerhard Fettweiss,\u003C\u002Fa\u003E Vodafone Chair Professor and Head of the Institute of Communication Technology at the Technical University of Dresden (Germany)\u003C\u002Fli\u003E\n\u003Cli data-leveltext=\"\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"\u003EProfessor \u003Ca href=\"https:\u002F\u002Fieeexplore.ieee.org\u002Fauthor\u002F37601497800\"\u003EKah Leong Koo,\u003C\u002Fa\u003E Senior Power Systems Engineer at National Grid (UK)\u003C\u002Fli\u003E\n\u003Cli data-leveltext=\"\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"\u003EProfessor \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fdanielemagazzeni\u002F?locale=en_US\"\u003EDaniele Magazzeni\u003C\u002Fa\u003E, Research Director and Head of the Explainable AI Center of Excellence at J.P. Morgan AI Research (UK)\u003C\u002Fli\u003E\n\u003Cli data-leveltext=\"\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"\u003EProfessor \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fra%C3%BAl-c-rosales-phd-58b92b120\u002F?originalSubdomain=uk\"\u003ERaúl C. Rosales\u003C\u002Fa\u003E, Senior Advisor for Orchard Global Asset Management LLP (OGAM), London (UK)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThese appointments will further enhance work across disciplines to address society’s most pressing challenges such as innovative and sustainable infrastructures, technology, artificial intelligence and inclusivity.  Welcoming the new Visiting Professors the Vice Dean (Enterprise & Engagement) of the Faculty, Professor Luca Viganò, said:\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Our faculty's vision is that scientists and engineers must come together across disciplines and sectors, and collaborate to ensure a wide and far-reaching impact for of our research. We are delighted to welcome Gerhard, Kah Leong, Daniele and Raúl as visiting professors and look forward to working closely with them. We share the same passion and vision for research, innovation and engagement, and I am excited by the opportunities that these appointments will provide for our faculty’s staff and students.\"","source":null}}],"categories":[{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"New Visiting Professors"},{"summary":"King's policy paper suggests carbon unit prices could be boosted by 67% and 26% additional land unlocked for woodland creation.","entryThumbnail":null,"image":{"altText":"Raul trees (1)","transformations":null,"caption":"","asset":{"entryTitle":"Raul trees (1)","entryDescription":null,"sys":{"id":"c9e98198-0113-458b-84c1-1fb236877c94","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fmain-article-780X450\u002Fafforestation-policy-paper\u002Fraul-trees-1.x9e4810b6.jpg"}}},"regions":[],"topics":[{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-02-21T12:10:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"King's policy paper suggests carbon unit prices could be boosted by 67% and 26% additional land unlocked for woodland creation.","relatedEvent":null,"relatedLinks":[],"title":"UK could reach Net Zero faster by expanding its Emissions Trading Scheme","sys":{"owner":"k2364109","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364109","archived":null,"deleted":null,"createdBy":"k2364109","created":"2024-02-16T11:18:49.085479Z","versionNo":"7.0","modified":"2024-02-28T12:36:22.2696964Z","modifiedBy":"k2364109","published":"2024-02-28T12:36:30.738466Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a77e6dc8-6c63-45ce-9f5d-1e612000041c","projectId":"website","slug":"kings-policy-paper-suggests-expansion-of-the-uk-emissions-trading-scheme-could-turbocharge-net-zero-trajectory-and-uks-position-as-global-carbon-market-hub","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rym M'Hallah","entryDescription":"Professor of Systems Engineering","entryThumbnail":null,"sys":{"id":"694b927e-e278-4c42-89ab-0055e65b4c0e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"postitNote","value":{"alignment":"Full width","title":"Read a summary of the report","content":"\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fassets\u002Fraul-forestry-paper-executive-summary-disclaimer-final.pdf\"\u003EExecutive Summary\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fassets\u002Fraul-forestry-paper-fact-sheet-disclaimer-final.pdf\"\u003EFact sheet\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"}},{"type":"markup","value":"\u003Cp\u003EThe UK is positioned to become a leader in the global carbon market should it admit the \u003Ca href=\"https:\u002F\u002Fwoodlandcarboncode.org.uk\u002F\"\u003EWoodland Carbon Code\u003C\u002Fa\u003E (WCC) into the \u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fgovernment\u002Fpublications\u002Fparticipating-in-the-uk-ets\u002Fparticipating-in-the-uk-ets\"\u003EUK Emissions Trading Scheme\u003C\u002Fa\u003E (UK-ETS).\u003C\u002Fp\u003E\n\u003Cp\u003EA policy paper published today by King’s College London in collaboration with \u003Ca href=\"https:\u002F\u002Fwww.imperial.ac.uk\u002Fbusiness-school\u002F\"\u003EImperial College Business School\u003C\u002Fa\u003E and \u003Ca href=\"https:\u002F\u002Ffsfc.foresightgroup.eu\u002Fesg\"\u003EForesight Sustainable Forestry Company Plc\u003C\u002Fa\u003E estimates the admission of the UK’s WCC voluntary carbon credits into the UK-ETS would economically ‘unlock’ up to an additional 26% of land considered appropriate for woodland creation. This would take the UK much closer to achieving the government’s national Net Zero by 2050 target.\u003C\u002Fp\u003E\n\u003Cp\u003ECommercial afforestation has been shown as an effective method to \u003Ca href=\"https:\u002F\u002Fwww.nature.com\u002Farticles\u002Fs41467-021-24084-x\"\u003Emitigate against climate change\u003C\u002Fa\u003E, but relatively low prices for voluntary carbon credits, the units of carbon dioxide or equivalent additionally and permanently sequestered from the atmosphere by trees, and purchased by organisations to offset their unavoidable emissions, holds back national tree planting levels.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Afforestation has the power to be totally transformative when it comes to dealing with the current climate crisis, but its economic viability for investors is holding it back. Admittance of the Woodland Carbon Code into the UK’s Emissions Trading Scheme would help resolve this issue almost overnight.\"","source":"Dr Raúl Rosales"}},{"type":"markup","value":"\u003Cp\u003EThese low prices are the key economic reason why the UK is so far behind in achieving its national tree planting targets, with the UK achieving less than half of the annual 30,000-hectare tree planting target since the target was introduced in 2019.\u003C\u002Fp\u003E\n\u003Cp\u003EAt current voluntary carbon credit prices, less than 60% of land in the UK that is appropriate for commercial afforestation, is considered economically viable for woodland creation (i.e. where land’s current afforestation value is higher than its agricultural value). There are significant variations by nation, with the situation in England and Wales, significantly worse versus Scotland. Without an enhanced commercial incentive to attract sufficient investment in woodland creation, the UK is likely to miss its national tree planting and Net Zero targets by 2050.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003E‘\u003C\u002Fem\u003E\u003Cem\u003EThe Carbon Credit Price and National Tree Planting Impact of Woodland Carbon Code Admittance to the UK-ETS\u003C\u002Fem\u003E\u003Cem\u003E’\u003C\u002Fem\u003E recommends admitting the existing Woodland Carbon Code into the UK’s carbon emissions trading scheme, raising the price of individual forestry carbon credits by up to 67% and providing an immediately accessible and relatively liquid route to market for WCC credits. This it estimates would immediately take WCC issued carbon units to a price of £47, rising to £79 by 2030.\u003C\u002Fp\u003E\n\u003Cp\u003EIt’s also estimated that the admittance of the WCC to the UK-ETS would economically unlock more than a quarter (26%) of total land suitable for commercial afforestation in the UK and permanently remove and store up to 19 million tonnes of carbon emissions.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Admitting the WCC into the UK-ETS would be a major win for the UK in its fight against climate change. It would quickly and materially improve the investment case for commercial woodland creation and result in a much-needed acceleration of capital funnelled towards woodland creation in appropriate places.” ","source":"Richard Kelly, Co-Founder and Co-Lead Manager of Foresight Sustainable Forestry Company Plc "}},{"type":"markup","value":"\u003Cp\u003EDr Raúl Rosales, Professor of Practice in Net Zero Asset Management at King’s College London, and lead author on the paper said, “Afforestation has the power to be totally transformative when it comes to dealing with the current climate crisis, but its economic viability for investors is holding it back.”\u003C\u002Fp\u003E\n\u003Cp\u003E“Admittance of the Woodland Carbon Code into the UK’s Emissions Trading Scheme would help resolve this issue almost overnight. Net Zero is one of the greatest challenges of the 21st century and to reach it, academia, industry and policy makers will need to reach across the aisle and make sure that doing good makes good business sense. This policy paper is part of that goal.”\u003C\u002Fp\u003E\n\u003Cp\u003ERichard Kelly, Co-Founder and Co-Lead Manager of Foresight Sustainable Forestry Company Plc said, “There is no credible pathway for the UK to achieve Net Zero by 2050, without planting many more trees, which additionally and permanently lock up carbon dioxide from the atmosphere. Admitting the WCC into the UK-ETS would be a major win for the UK in its fight against climate change. It would quickly and materially improve the investment case for commercial woodland creation and result in a much-needed acceleration of capital funnelled towards woodland creation in appropriate places.”\u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Full width","title":"Read the full report","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fassets\u002Fraul-forestry-policy-paper-disclaimer-final.pdf\"\u003E\u003Cem\u003EThe Carbon Credit Price and National Tree Planting Impact of Woodland Carbon Code Admittance to the UK-ETS\u003C\u002Fem\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"UK could reach Net Zero faster by expanding its Emissions Trading Scheme"},{"summary":"King’s Net Zero Centre hosted panel of government and industry sustainability experts this month.","entryThumbnail":null,"image":{"altText":"Net Zero Event 2024 780x440","transformations":null,"caption":"","asset":{"entryTitle":"Net Zero Event 2024 780x440","entryDescription":null,"sys":{"id":"87864b14-c8d6-4d85-b6fc-2425a8f34e65","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fnet-zero-event-2024-780x440.xffbb7fe3.png"}}},"regions":[],"topics":[{"entryTitle":"Engineering","entryDescription":null,"entryThumbnail":null,"sys":{"id":"014d78ac-446a-42e6-b748-12ff8a713757","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-06-19T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"King’s Net Zero Centre hosted panel of government and industry sustainability experts this month.","relatedEvent":null,"relatedLinks":[],"title":"“We must make sure perfection isn't the enemy of the good,” says sustainability expert at Net Zero panel","sys":{"owner":"k2474586","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2474586","archived":null,"deleted":null,"createdBy":"k2474586","created":"2024-06-19T15:24:58.7244445Z","versionNo":"3.0","modified":"2024-06-20T09:02:07.6767234Z","modifiedBy":"k2474586","published":"2024-06-20T09:02:19.7767569Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"79fcb528-1711-497e-bba5-e704cefc0642","projectId":"website","slug":"we-must-make-sure-perfection-isnt-the-enemy-of-the-good-says-sustainability-expert-at-net-zero-panel","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Barbara Shollock","entryDescription":"Professor of Engineering","entryThumbnail":null,"sys":{"id":"8908a8bb-19cd-40ee-bfd0-4587a1b81251","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Anatoly Zayats","entryDescription":"Professor of Physics","entryThumbnail":null,"sys":{"id":"ec2622cf-b371-43b3-8961-5ebadd3437ae","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EOne year on since setting up the King’s Net Zero Centre, a panel of leading experts from industry, finance and government discussed solutions for green innovation at a panel event in June. \u003C\u002Fp\u003E\n\u003Cp\u003EOpened by Centre Directors Professor Barbara Shollock and Professor Anatoly Zayats welcomed an audience of King’s academics and industry representatives to the ‘One Year of Green Innovation’ event.\u003C\u002Fp\u003E\n\u003Cp\u003EThe panel, chaired by Catherine McGuinness CBE (Connected Place Catapult), discussed how innovation can help decarbonise our society and what solutions there are for sustainability. The panellists discussed solutions such as councils developing retrofit programmes to make homes better at retaining heat and reducing carbon emissions.\u003C\u002Fp\u003E\n\u003Cp\u003EThey spoke about the need for cross-sector collaboration to tackle the net zero targets and the role the King’s Net Zero Centre can play in ‘matchmaking’ industry and government groups.\u003C\u002Fp\u003E\n\u003Cp\u003EMcGuinness was joined by Christopher Morris (Sustainable Ventures), George von Waldburg (ICE Futures Europe), Cassidy Travis (London Borough of Lambeth), Chetan Lad (Greater London Authority), and Hannah Simons (Lloyds Bank Corporate Markets).\u003C\u002Fp\u003E\n\u003Cp\u003EMcGuiness said, “Working with academia is no longer a nice-to-have. We need the thinkers to be helping us take a ‘systems approach’.”\u003C\u002Fp\u003E"},{"type":"tweet","value":"https:\u002F\u002Ftwitter.com\u002FKCLNetZero\u002Fstatus\u002F1797988958590435384"},{"type":"markup","value":"\u003Cp\u003EChristopher Morris, co-founder and partner of Sustainable Ventures, which offers a programme to support sustainability start-ups in Lambeth said, “Institutions like this can act as a hub to bring together stakeholders to collaborate on solutions, as well as being a conduit for innovators.”\u003C\u002Fp\u003E\n\u003Cp\u003EPart of the Faculty of Natural, Mathematical and Engineering Sciences, the Net Zero Centre works with disciplines as diverse as law, engineering, physical, mathematical and social sciences to nurture and facilitate discoveries to push society towards net zero.\u003C\u002Fp\u003E\n\u003Cp\u003EExplaining the purpose of the Centre, Professor Raúl Rosales, Deputy Director, said, “our ambition is to serve as a hub for innovative science and engineering, delivering solutions in the economy through accelerators and a supportive financial ecosystem.\u003C\u002Fp\u003E\n\u003Cp\u003E“The disruption that science and technology present in achieving net zero targets in energy systems requires a clear understanding of the underlying technologies and their infrastructure requirements to scale up, significant risk mitigation and urgent investment.”\u003C\u002Fp\u003E"},{"type":"carousel","value":[{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Net Zero Event 7","entryDescription":null,"sys":{"id":"de1e9d65-09ab-458b-9ffe-bdc556eb0291","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fnet-zero-event-7.xfb4aecd8.JPG"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Net Zero Event 8","entryDescription":null,"sys":{"id":"e885a9fd-4417-4418-b573-3037606eaaca","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fnet-zero-event-8.x7b386d05.JPG"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Net Zero Event 9","entryDescription":null,"sys":{"id":"42b1d486-29b6-4d89-94c5-b8252021400d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fnet-zero-event-9.x29eb3304.JPG"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Net Zero Event 6","entryDescription":null,"sys":{"id":"c8b4c321-7df2-4051-8738-30bb33121cf7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fnet-zero-event-6.xbea57e19.JPG"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Net Zero Event 3","entryDescription":null,"sys":{"id":"c7a05ed8-1bc1-40a7-adf4-7b82be291697","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fnet-zero-event-3.xa17734c4.JPG"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Net Zero Event 4","entryDescription":null,"sys":{"id":"7d288544-4a80-402b-940b-41e2d0d8eb6e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fnet-zero-event-4.x2e08cc01.JPG"}}}]},{"type":"markup","value":"\u003Cp\u003EThe panellists discussed the UK’s \u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fgovernment\u002Fconsultations\u002Faddressing-carbon-leakage-risk-to-support-decarbonisation\u002Foutcome\u002Ffactsheet-uk-carbon-border-adjustment-mechanism\"\u003ECarbon Border Adjustment Mechanism (CBAM)\u003C\u002Fa\u003E, which will be implemented by the government by 2027. It will apply a carbon price to imported carbon-intensive goods to ensure a carbon price is paid and is comparable to similar domestic products.\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Raúl Rosales said: “The ambition of the Centre is to deliver solutions in the economy through accelerators and a supportive financial ecosystem. Achieving this requires the right policy framework across industries to deploy technology, mobilise funds and leverage the carbon markets to address the 5-10 percent of emissions considered unavoidable.\u003C\u002Fp\u003E\n\u003Cp\u003E“Carbon markets play a crucial role in achieving net zero by offering a robust financial mechanism that rewards carbon-reducing projects such as afforestation, renewable energy adoption, and energy efficient improvements.”\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Carbon markets play a crucial role in achieving net zero by offering a robust financial mechanism that rewards carbon-reducing projects such as afforestation, renewable energy adoption, and energy efficient improvements.\"","source":"Professor Raúl Rosales"}},{"type":"markup","value":"\u003Cp\u003EGeorge von Waldburg, Director Environmental Markets at ICE Futures Europe said, “We must make sure perfection isn’t the enemy of good. People get worried about reputation and so they don’t do anything for climate mitigation. The volume of carbon traded is less than three per cent through voluntary markets. Without the mandatory markets it’s nothing. Imagine what we could do if we can galvanise the voluntary markets.”\u003C\u002Fp\u003E\n\u003Cp\u003EThe event closed with a networking reception and a showcase of posters created by PhD students associated with the Net Zero Centre. Guests voted on the effectiveness of the posters and the Engineering PhD candidates Fiona Simpson and Ningyou Hou were named as winners.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"“We must make sure perfection isn't the enemy of the good,” says sustainability expert at Net Zero panel"},{"summary":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","entryThumbnail":null,"image":{"altText":"solar panels in a field","transformations":"w=783&h=440&crop=780,440,2,0","caption":"Photo by Anders J at Unsplash","asset":{"entryTitle":"anders-j- solar panels -unsplash","entryDescription":null,"sys":{"id":"1ec95f70-ff67-4fc5-b9f2-3118e72d6950","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fanders-j-solar-panels-unsplash.x50463902.jpg?w=783&h=440&crop=780,440,2,0"}}},"regions":[],"topics":[{"entryTitle":"Affordable & clean energy (SDG 7)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3ff805db-8d19-4532-82b2-ad731350fd4b","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"banking-finance","entryThumbnail":null,"sys":{"id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Sustainable Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0d59b3cf-9fd9-4332-804e-fdaf6d339943","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-07-22T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","relatedEvent":null,"relatedLinks":[],"title":"A climate finance policy playbook for the new UK government","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-07-19T15:28:53.4151151Z","versionNo":"2.0","modified":"2024-07-22T12:02:48.7492978Z","modifiedBy":"k1808181","published":"2024-07-22T12:03:03.338541Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8aec225f-18af-41d1-91ac-9cfae5dca7ed","projectId":"website","slug":"a-climate-finance-policy-playbook-for-the-new-uk-government","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jonatan Pinkse","entryDescription":"Research Director, Centre for Sustainable Business ","entryThumbnail":null,"sys":{"id":"301ac28c-4719-4e75-a8d1-066f7deb7ea2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Joseph Noss","entryDescription":"Visiting Fellow, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"0b1e1833-ff74-4889-b432-f2aea45e2fb3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Sarah Bracking","entryDescription":"Professor of Climate and Society","entryThumbnail":null,"sys":{"id":"4d4f2e66-1516-4534-84a4-7e376688d1eb","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Emily Farrimond","entryDescription":"Executive Fellow, King's Business School","entryThumbnail":null,"sys":{"id":"5820ae47-7eda-44d1-94d2-41be01aa43b2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EResearchers at King’s Business School and the University of Edinburgh have compiled the individual views of nearly forty thought-leaders on the policies that the new government should prioritise in its first six months to address climate change and transform the UK into a net zero finance hub.\u003C\u002Fp\u003E\n\u003Cp\u003EThe book includes contributions from Bankers for Net Zero, the World Benchmarking Alliance, the Global Systems Institute, the Climate Bonds Initiative, Chapter Zero, the GARP Risk Institute and PWC as well as several leading universities and contains 25 specific, actionable recommendations. These range from providing stronger market incentives for green finance, to measures focussing on the built environment and power infrastructure.\u003C\u002Fp\u003E\n\u003Cp\u003EThe recommendations include:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EEstablishing an Office of Sustainability Planning to develop richer and more realistic climate risk scenarios that might materialise over a 5 to10 year horizon\u003C\u002Fli\u003E\n\u003Cli\u003EHigher rates of capital gains tax for high-carbon emitters and polluters\u003C\u002Fli\u003E\n\u003Cli\u003EMandating environmental considerations within the AI regulatory framework announced in the King’s Speech\u003C\u002Fli\u003E\n\u003Cli\u003EEncouraging green emerging market listings in London through streamlined listing processes and improved tax treatment\u003C\u002Fli\u003E\n\u003Cli\u003EIssuing the first developed market sustainability-linked sovereign bond and the first dedicated adaptation sovereign bond, and the expansion of the Green Gilt programme\u003C\u002Fli\u003E\n\u003Cli\u003EProviding capital and guarantees through UK Export Finance to help British innovators find markets for decarbonising and climate-adaptation technologies\u003C\u002Fli\u003E\n\u003Cli\u003EAligning UK insolvency laws with net zero objectives to catalyse innovation in carbon-efficient projects.\u003C\u002Fli\u003E\n\u003Cli\u003ESimplified planning and approval processes for green energy infrastructure and green gigafactories\u003C\u002Fli\u003E\n\u003Cli\u003EIncreasing the carbon price to support the transition to a low carbon economy, and investing the revenues strategically in the power grid and to ensure energy price stability\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"quote","value":{"text":"This book seeks to spur action on the UK’s sustainable finance priorities by serving as a resource and inspiration for the nation’s policymakers at this critical moment. It intends to spark dialogues and actions to deliver a competitive, thriving, net-zero Britain.","source":"David Carlin, Founder of Cambium Global Solutions & Visiting Research Fellow, King’s Business School"}},{"type":"quote","value":{"text":"We’ve pulled together a range of expert and diverse voices from the UK’s climate finance thought-leaders. While the suggestions vary, what they all have in common is a bias towards immediate action. These are all practical suggestions that the government could start work on tomorrow.","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, King’s Business School"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe e-book was edited by David Carlin, Founder of Cambium Global Solutions & Visiting Research Fellow, King’s Business School; Professor David Aikman and Dr Marc Lepere of King’s Business School; and Luca Taschini, University of Edinburgh Business School.\u003C\u002Fp\u003E\n\u003Cp\u003ESeveral King’s researchers and Fellows also contributed essays, including Professor Jonatan Pinkse, Joseph Noss, Professor Raúl C. Rosales, Professor Sarah Bracking and Emily Farrimond.\u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Left","title":"Accelerating Transition: Climate Finance Policies To Prioritise In The First 100 Days","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fresearch-papers\u002Faccelerating-transition.pdf\"\u003EDownload the e-book\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"A climate finance policy playbook for the new UK government"},{"summary":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","entryThumbnail":null,"image":{"altText":"the view from Greenwich Park to Canary Wharf","transformations":"w=780&h=497&crop=780,440,0,29","caption":"","asset":{"entryTitle":"Canary Wharf View","entryDescription":null,"sys":{"id":"ccac918d-1cc5-45e6-9347-f5d3080305db","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fcanary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29"}}},"regions":[],"topics":[{"entryTitle":"Affordable & clean energy (SDG 7)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3ff805db-8d19-4532-82b2-ad731350fd4b","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-09-24T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","relatedEvent":null,"relatedLinks":[],"title":"New research sets out three overlooked opportunities to fund net zero transition","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-09-19T17:02:41.703979Z","versionNo":"1.0","modified":"2024-09-24T10:16:01.0887538Z","modifiedBy":"k1808181","published":"2024-09-24T10:16:10.5440165Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5c2b333c-7411-4cec-80ad-c2666c9e88f3","projectId":"website","slug":"new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition","properties":{}},"intranet":false,"relatedCourses":[{"entryTitle":"Banking & Finance","entryDescription":"Explore the challenges facing financial markets and the global banking sector.","entryThumbnail":null,"sys":{"id":"f1001e0e-2239-4b3e-911f-251a8b8368b6","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fbanking-and-finance-msc"}},{"entryTitle":"Finance (Asset Pricing)","entryDescription":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","entryThumbnail":null,"sys":{"id":"55696733-d2cf-4137-80b2-cd800a34b354","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc"}}],"relatedPeople":[{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ETo deliver the funding, a recent report from King’s College London argues for an urgent focus on three key areas of the financial system:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Egovernments should engage with the new forms of partnerships between banks and other financial institutions that free up their lending capabilities;\u003C\u002Fli\u003E\n\u003Cli\u003EMultilateral Development Banks should make more use of their balance sheets to attract private sector funding through blended finance\u003C\u002Fli\u003E\n\u003Cli\u003Eand regulators should develop global carbon markets with a focus on integrating national emissions trading systems and enhancing trust in voluntary markets.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe report highlights that the Multilateral Development Banks alone could more than double their stock of lending to release a further $1.2 trillion of net zero financing without harming their AAA ratings and estimates that governments could release £8.5 billion of new bank lending through every £1 billion they invest in loans to decarbonisation projects.\u003C\u002Fp\u003E\n\u003Cp\u003EThe report and its recommendations were developed by Professor David Aikman, a former Technical Head of the Bank of England’s Financial Stability Division and Professor Raúl C. Rosales, a member of the Management Committee of the Singapore Green Finance Centre.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Mobilising enough finance to achieve our net zero goals is a major challenge, but our research highlights the potential of three avenues that should become a focus for policy makers in the run up to COP29 and beyond.","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance at King’s Business School"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003ETHE BANKS’ ROLE IN FINANCING THE TRANSITION TO NET ZERO\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe report outlines how, ahead of the full implementation of the Basel III capital adequacy rules, banks are increasingly partnering with non-bank players in innovative ways that allow them to de-risk in line with existing regulatory and supervisory frameworks. These include strategic partnerships and new investment fund platforms with private credit, as well as the increased use of so-called “synthetic risk transfers” that move credit risk to third parties such as investment funds, freeing up funds for further lending. EU banks alone issued €102 billion in synthetic risk transfer securitisations in 2023 and 11% of these were linked to sustainability lending.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that governments and policy makers can support this transfer of risk between the banks and other parts of the financial sector;\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EBy fostering the globally harmonised regulation of de-risking mechanisms such Significant Risk Transfers and synthetic securitisations\u003C\u002Fli\u003E\n\u003Cli\u003EAs investors: the authors estimate that a £1 billion government investment in the junior tranche of a pool of loans for decarbonisation projects would generate additional bank lending capacity of around £8.5 billion. In the UK, the new National Wealth Fund could play a role both as a guarantor and coordinator of private sector lending for net zero technologies and projects.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBLENDED FINANCE\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBlended finance uses catalytic capital from public or philanthropic sources to mobilise private sector investment in sustainable development projects, primarily in developing countries. Public investment is led through Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs). While climate finance accounted for over half of the value of blended finance deals in 2023, the report highlights that at $15 billion of new transactions, the overall sector remained relatively small, and sets out how it could be expanded.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors calculate that MDBs and DFIs draw on private sector investors for only 11% of their annual overall financing commitments. Their analysis of credit rating agency reports suggests that there is significant potential for MDBs to increase their leverage while still maintaining their AAA credit ratings. They estimate that collectively, the 13 MDBs focused on developing countries could increase the stock of development assets they finance by around $1.2 trillion, a 2.5-fold increase, without harming their current credit ratings.\u003C\u002Fp\u003E\n\u003Cp\u003EFurthermore, if MDBs operated under an AA rating instead of AAA, their financing capacity would increase by a further $1–1.2 trillion, significantly boosting their development and financial impact.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECARBON MARKETS\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBy putting a price on carbon, carbon markets create economic incentives for businesses and governments to invest in clean technologies and implement carbon pricing policies. They are also a source of revenue for government investments in net zero projects: in 2023 Emissions Trading Systems generated $74 billion in government revenues. Alongside the ETSs are voluntary carbon markets offering trading in ‘carbon credits’ issued by the developers of carbon removal and reduction schemes.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that these markets can be made more attractive through:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELinking the UK and EU ETSs as envisaged in the EU-UK Trade and Cooperation Agreement governing post-Brexit trade relations. This is also a necessary condition for exempting UK exports from the EU’s Carbon Border Adjustment Mechanism.\u003C\u002Fli\u003E\n\u003Cli\u003EStronger regulatory oversight, with clear rules on carbon credit usage, and a global standard for the financial accounting of certified carbon offset credits.\u003C\u002Fli\u003E\n\u003Cli\u003EFurther integration, for example integrating the voluntary carbon markets with the established emissions trading systems, which would provide a strong pricing signal.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"quote","value":{"text":"Partnerships between banks, investors, and regulators offer a critical opportunity to channel funds into low-carbon technologies by de-risking through regulated schemes. Multilateral Development Banks (MDBs) can amplify their impact by leveraging resources without straining government budgets, helping to establish sustainable infrastructure platforms in developing countries. Governments play a key role in integrating carbon markets through mechanisms like ETS and GGRs, enhancing transparency, and market efficiency, and sending a strong price signal for decarbonization.","source":"Professor Raúl C. Rosales, Professor of Practice in Net Zero Asset Management at King’s College London"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"postitNote","value":{"alignment":"Left","title":"Read the full impact policy paper","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EMOBILIZING FINANCE FOR NET ZERO ENERGY SYSTEMS\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EKey issues, barriers and policy priorities\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"New research sets out three overlooked opportunities to fund net zero transition"}],"profileImage":{"altText":"Raul Rosales 160 x 160","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"Raul Rosales 160 x 160","entryDescription":null,"description":null,"sys":{"owner":"k1810512","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"9cd02a46-d6bb-4487-abef-f2140d568523"},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002Fnewimages\u002Fnmes\u002Fperson-profile-160x160\u002Fraul-rosales-160-x-160.x1a262613.png","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2024-06-07T16:01:40.4740865Z","versionNo":"1.0","modified":"2024-06-07T16:01:40.9821885Z","modifiedBy":"ServicesUser","published":"2024-06-07T16:10:47.6938884Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9cd02a46-d6bb-4487-abef-f2140d568523","projectId":"website","slug":null,"properties":{"filename":"raul-rosales-160-x-160.png","fileSize":36560,"filePath":"\u002Fnewimages\u002Fnmes\u002Fperson-profile-160x160\u002F","width":160,"fileId":"9cd02a46-d6bb-4487-abef-f2140d568523","height":160}},"title":"Raul Rosales 160 x 160","entryTitle":"Raul Rosales 160 x 160"}},"suffix":null,"title":["Professor"],"sys":{"owner":"k1925973","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"person","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2479191","archived":null,"deleted":null,"createdBy":"k1925973","created":"2022-05-31T16:38:45.5863158Z","versionNo":"16.0","modified":"2024-10-31T15:48:10.4572955Z","modifiedBy":"k2479191","published":"2024-10-31T15:48:20.8238562Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","projectId":"website","slug":"raul-rosales","properties":{}},"relatedEvents":[],"override":null,"subjectAreas":[],"researchInterests":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"ASSISTIVE TECH","entryDescription":null,"sys":{"id":"2543a10f-c87d-489c-b761-82c46f646e71","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fdepartmentalimages\u002Fstu-services\u002Fdisability\u002FASSISTIVE-TECH.xf6478a6f.jpg"}}},"searchTerm":"technology-and-science","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Science+Tech_hero_1903x558","entryDescription":null,"sys":{"id":"66192a92-5994-441a-93aa-d90ad86dde04","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fsciencetech-hero-1903x558.x1fdd0201.jpg"}}},"sys":{"owner":"k1642089","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1642089","created":"2018-01-24T14:49:32.6792447Z","versionNo":"4.0","modified":"2019-10-25T15:23:41.1226378Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:42.049255Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"60c84afe-f51e-4e80-af7d-188d9eff995c","projectId":"website","slug":"technology-science-1","properties":{}},"title":"Technology & Science","entryTitle":"Technology & Science","research":true}],"sabbatical":null,"image":null,"relatedFeatures":[],"languages":[],"orgUnits":[{"entryThumbnail":null,"regions":[],"twitterURL":"kcl_engineering","researchAreas":[{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003EEngineering at King’s is growing. Our vision is to create a vibrant environment that looks to develop discovery, innovation and leadership in engineering education and research.\u003C\u002Fp\u003E","sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k0960388","created":"2019-04-18T09:25:16.2875664Z","versionNo":"8.0","modified":"2023-08-11T08:49:40.7996277Z","modifiedBy":"k0960388","published":"2023-08-11T08:56:19.9863184Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"c829256f-7971-4d9c-914b-02c0e77efe56","projectId":"website","slug":"department-of-engineering","properties":{}},"type":"Academic Department","metaDescription":null,"facebookURL":"KingsNMES","navigation":[],"systemName":"engineering","multitiered":false,"parentUnits":[],"youTube":"@KingsNMES","subjectAreas":[{"entryTitle":"Engineering","entryDescription":null,"entryThumbnail":null,"sys":{"id":"014d78ac-446a-42e6-b748-12ff8a713757","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"thumbnailImage":{"altText":"","transformations":"w=780&h=520&crop=780,440,0,43","caption":"","asset":{"entryTitle":"electrical engineering1","entryDescription":null,"sys":{"id":"3bf52b23-2cb4-4932-bdfa-b7199d921f84","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FNMS\u002FEngineering\u002Felectrical-engineering1.x0dffccaa.jpg?w=780&h=520&crop=780,440,0,43"}}},"externalURL":"\u002Fnms\u002Fdepts\u002Fengineering","gtm":null,"linkedInURL":"showcase\u002Fnatural-mathematical-engineering-sciences\u002F?viewAsMember=true","orgUnits":[],"entryDescription":"engineering","transition":false,"the":true,"colour":{"entryTitle":"Slate grey","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97a0a73b-993e-4d21-9b32-9ab4c6946ea5","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":null,"name":"Department of Engineering","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsnmes","shortName":"Engineering","linkedResearchGroup":[],"inititals":null,"entryTitle":"Department of Engineering","parents":{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},{"entryThumbnail":null,"regions":[],"twitterURL":"KingsNMES","researchAreas":[],"description":"\u003Cp\u003EThis vibrant Faculty boasts a long tradition of world-leading research and teaching in physics, mathematics, chemistry, computer science and engineering.\u003C\u002Fp\u003E","type":"Faculty","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-02-05T10:04:05.7987343Z","versionNo":"16.0","modified":"2023-08-11T08:47:01.1187376Z","modifiedBy":"k0960388","published":"2023-08-11T08:56:36.0616491Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"25fe09c1-536a-496d-a117-0b718f3072d5","projectId":"website","slug":"faculty-of-natural-mathematical-sciences-1","properties":{}},"metaDescription":null,"facebookURL":"KingsNMES","navigation":[],"systemName":"nmes","multitiered":false,"parentUnits":[],"youTube":"@KingsNMES","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=470&crop=780,440,0,30","caption":"","asset":{"entryTitle":"chemistry molecules - purple","entryDescription":null,"sys":{"id":"69d879d4-4220-4f2f-b9b8-01642b47fe69","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FNMS\u002FPuff-Ready\u002Fchemistry-molecules-purple.x159a51d7.jpg?w=780&h=470&crop=780,440,0,30"}}},"externalURL":null,"gtm":null,"linkedInURL":"\u002Fshowcase\u002Fnatural-mathematical-engineering-sciences\u002F?viewAsMember=true","orgUnits":[],"entryDescription":"nmes","transition":false,"the":true,"colour":{"entryTitle":"Slate grey","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97a0a73b-993e-4d21-9b32-9ab4c6946ea5","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FFaculty of Natural, Mathematical & Engineering Sciences","key":"0\u002F1\u002F2450\u002F2453\u002F2487","hasChildren":false,"name":"Faculty of Natural, Mathematical & Engineering Sciences","children":[]},"departmentTaxonomy":null,"name":"Faculty of Natural, Mathematical & Engineering Sciences","instagramURL":"kingsnmes","locations":[{"entryTitle":"Strand Campus","entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","entryThumbnail":null,"sys":{"id":"436ab4d3-aac9-4817-affa-966a0b93acdc","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}}],"inititals":"NMS","linkedResearchGroup":[],"shortName":"Natural, Mathematical & Engineering Sciences","entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","parents":null},{"entryThumbnail":null,"regions":[],"twitterURL":null,"researchAreas":[{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":null,"sys":{"owner":"k1770205","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1770205","archived":null,"deleted":null,"createdBy":"k1770205","created":"2022-06-14T13:17:31.8805724Z","versionNo":"1.0","modified":"2022-06-14T13:17:31.8805724Z","modifiedBy":"k1770205","published":"2022-06-14T13:17:45.5341864Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","projectId":"website","slug":"net-zero-centre","properties":{}},"type":"Research Group","metaDescription":"Net Zero Centre","facebookURL":null,"navigation":[],"systemName":null,"multitiered":false,"parentUnits":[],"youTube":null,"subjectAreas":[{"entryTitle":"Environment","entryDescription":null,"entryThumbnail":null,"sys":{"id":"69680bb5-a874-4b54-a20c-d2bd82ca6aa7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Geography","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5a9c0abf-c204-46a2-b93b-d0f7266f2e0f","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Computer science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a85ef05b-e510-4f79-9fd3-b2f5ad4bbb79","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"thumbnailImage":{"altText":"","transformations":"w=1505&h=440&crop=780,440,363,0","caption":"","asset":{"entryTitle":"1908x558_lab-plant","entryDescription":null,"sys":{"id":"717a6a94-59e3-4ea8-a4ed-430991a605f5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fkghi\u002Fhero-carousel\u002F1908x558-lab-plant.x0b546d8e.jpg?w=1505&h=440&crop=780,440,363,0"}}},"externalURL":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fresearch\u002Fnet-zero-centre","gtm":null,"linkedInURL":null,"orgUnits":[{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":null,"entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"entryDescription":null,"transition":false,"the":false,"colour":null,"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FFaculty of Natural, Mathematical & Engineering Sciences","key":"0\u002F1\u002F2450\u002F2453\u002F2487","hasChildren":false,"name":"Faculty of Natural, Mathematical & Engineering Sciences","children":[]},"name":"Net Zero Centre","departmentTaxonomy":null,"locations":[],"instagramURL":null,"shortName":"Net Zero Centre","linkedResearchGroup":[],"inititals":null,"entryTitle":"Net Zero Centre","parents":{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":null,"entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},{"twitterurL":null,"entryThumbnail":null,"regions":[],"groupLeads":[],"about":[{"type":"markup","value":"\u003Cp\u003EOur world-leading climate researchers study across disciplines to meet the challenges we face at this critical time for our planet. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EThey work across the UK and globally to understand, inform, create and critique knowledge and practice around the climate emergency and sustainability transitions.\u003C\u002Fp\u003E\n\u003Cp\u003EFrom generating new technologies and business models to empower a sustainable economic future, to detecting wildfires and reducing health risks from climate extremes, the impact of King's research and innovation can be felt across the globe.\u003C\u002Fp\u003E\n\u003Cp\u003EResearchers are moving beyond advocacy of problems towards tangible solutions at scale, including informing critical adaptation planning, breaking down and repurposing plastic waste, examining climate impacts on politics, security and conflict, and much more.\u003C\u002Fp\u003E"}],"customLogo":null,"description":"King's researchers working across climate and sustainability","partnersText":null,"relatedNews":[{"entryTitle":"Climate scientists have improved risk communication but challenges remain","entryDescription":"A new study involving King’s climate expert Dr Tamsin Edwards analysed how uncertainties around projecting sea-level rise are communicated in climate assessment reports.","entryThumbnail":null,"sys":{"id":"b8b4315a-6485-4436-897c-801aa1437ddc","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Noise and air pollution reduced in pedestrianised part of London, early signs suggest","entryDescription":"Preliminary data from King’s monitoring stations suggests significant reduction in noise and particulate air pollution thanks to the pedestrianisation of London’s busy Strand Aldwych area.","entryThumbnail":null,"sys":{"id":"120f4067-5304-46a8-aef9-f3a742b7d7da","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Special edition podcast launches to cover climate issues in the lead up to COP26","entryDescription":"Experts from Australia and the UK discuss the many challenges linked to climate change, particularly the immediate need for nations to take action at the upcoming global summit if we are to limit warming to 1.5 degrees Celsius. ","entryThumbnail":null,"sys":{"id":"cf8145e8-c0d3-469e-b908-7573314d6eae","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's joins new partnership to address scorching wildfires in Europe","entryDescription":"As parts of Europe face another season of extreme wildfires, driven by climate and socioeconomic changes, King’s experts are working with partners across the continent to design and implement better methods for mitigating this threat.","entryThumbnail":null,"sys":{"id":"0f49d7b8-fc33-476e-beb6-81ada51deb80","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's entrepreneurs showcase their start-ups at London Demo Day","entryDescription":"Entrepreneurs from King's College London, Imperial College London and UCL pitch their businesses to investors and angels at this year’s Demo Day.","entryThumbnail":null,"sys":{"id":"b9ae4c0a-b2d5-4712-9bd4-2a60e201413a","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Is the 'wall of money' heading towards climate change mitigation making a difference?","entryDescription":"The urgency of climate finance ","entryThumbnail":null,"sys":{"id":"fe24f85b-d6d9-4883-a743-4f4b8a30682c","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Learning the lessons of COP26","entryDescription":"Techniques from management studies help us understand why the Glasgow Climate Pact was a disappointment ","entryThumbnail":null,"sys":{"id":"9a17354d-9642-47ba-893e-57d3140216c6","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Countries prepared for the climate emergency have had fewer COVID deaths","entryDescription":"Countries where individuals look after each other and the environment are better able to cope with climate and public health emergencies, research by King’s Business School has found. ","entryThumbnail":null,"sys":{"id":"f961645a-eff0-4853-9d73-5109be8daea7","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's ranked second in the People & Planet University League","entryDescription":"King’s recognised for commitment to environmental and social sustainability","entryThumbnail":null,"sys":{"id":"3c69fc40-4cb4-4859-8495-de476f823e61","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's Engineering and climate change","entryDescription":"How research in King's Department of Engineering is addressing climate change","entryThumbnail":null,"sys":{"id":"ad889584-35f0-45d5-85ed-1b2efb651ebd","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's researchers share expertise as part of the COP26 global climate change summit","entryDescription":"Experts on climate change, wildfires, adaptation and climate law are participating in events at the COP26 meeting.","entryThumbnail":null,"sys":{"id":"e13ec64e-7cdc-4c99-89bd-8cf5867bed11","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Sovereign green bonds: What role can they play in the transition to net zero?","entryDescription":"In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the role that sovereign green bonds can play in the transition to net zero. In this blog, we summarise some of the main points from this discussion.","entryThumbnail":null,"sys":{"id":"a96b6f22-edd5-49a3-99cf-f28201503e44","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Immersive art installation will make changes to climate 'real'","entryDescription":"Dr George Adamson, Senior Lecturer in Geography at King’s, has worked with artist Inés Cámara Leret to create the Weather the Weather installation for this year’s Green Man festival.","entryThumbnail":null,"sys":{"id":"bd15cfa2-e3a4-4ada-b120-366c0720e08b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Programme placing academics in Parliament set to expand after successful pilot with King's climate scientist","entryDescription":"Professor Tamsin Edwards was a Thematic Research Lead on Climate & Environment, providing impartial expertise to teams, committees and elected representatives in the Parliament.","entryThumbnail":null,"sys":{"id":"0d70c6fb-6600-4700-8b22-168754279c64","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Experts and students highlight the need for decisive climate action at COP27 debate hosted by King's","entryDescription":"Students from four London universities come together to debate the key challenges around COP27.","entryThumbnail":null,"sys":{"id":"daa9dac0-076d-44f9-8b8f-8068f42236e7","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}}],"title":"Climate & sustainability researchers at King’s","sys":{"owner":"k1805683","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"researchProfile","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2370471","archived":null,"deleted":null,"createdBy":"k1805683","created":"2021-08-16T13:12:48.8384662Z","versionNo":"192.0","modified":"2024-10-09T11:19:42.1618794Z","modifiedBy":"k2370471","published":"2024-10-09T11:21:13.2585354Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","projectId":"website","slug":"climate","properties":{}},"projectLinks":[],"bannerImage":{"altText":"Solar panel at sunset","transformations":"w=1800&h=528&crop=1800,500,0,14","caption":"","asset":{"entryTitle":"Solar panel at sunset hero","entryDescription":null,"sys":{"id":"419194e6-53b9-4fdd-bee4-9d25a3cd133f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsustainabilty\u002Fsolar-panel-at-sunset-hero.x1b6eda83.png?w=1800&h=528&crop=1800,500,0,14"}}},"relatedEvents":[{"entryTitle":"Voices from the Amazon Rainforest: Defending Ome Yasuní and Human Rights from Oil Extraction","entryDescription":"Join this event to explore the intersection between indigenous rights and conservation in the face of expanding extractive industries.","entryThumbnail":null,"sys":{"id":"8e0cef27-45a8-414c-b1a3-04850466027f","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"SUPERBLOOM - Celebrating climate activism through creativity","entryDescription":"A student showcase from the Culture Climate Collective celebrating collaborative working, idea germination and climate activism through creativity","entryThumbnail":null,"sys":{"id":"0c07b7b8-6aad-438b-8adf-6284d7d4df9a","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate Action Network (CAN) Plenary","entryDescription":"This CAN plenary will offer an update on climate action progress at King's and ways you can get involved. ","entryThumbnail":null,"sys":{"id":"7637fc6d-53bc-4841-b086-eb3ce3c58f79","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Biodiversity conservation in educational praxis: dialogue, territory and social participation","entryDescription":"In this CRESTEM seminar, Prof Alessandra Bizerra will present research and practices developed by the CHOICES group, about the circulation of biodiversity-related knowledge in informal education settings, and the potential of children and adolescents' perception of the territory for the complexification of socio-environmental issues.","entryThumbnail":null,"sys":{"id":"1f62753e-048e-4fc7-8766-8e24bcd5b02a","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Conceptual change and teaching, focusing on social science and climate education","entryDescription":"In this CRESTEM seminar, Prof Cecilia Lundholm will discuss how conceptual change could play a powerful role in improving teaching that enables young people to take a well-informed stance towards collective action to combat climate change.","entryThumbnail":null,"sys":{"id":"e0884ba5-6de5-4bf2-9179-8db4ad088f2b","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"How climate change impacts the economy, financial tools, and climate-compatible growth in Africa","entryDescription":"Join us for this seminar exploring how climate change impacts the economy, the financial tools at our disposal, and how to enable climate-compatible growth in Africa","entryThumbnail":null,"sys":{"id":"d1c09761-0d21-4845-8581-9456c0a6a2d4","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Keynote: African influence on global security and climate justice: the case of Kenya","entryDescription":"This lecture will examine Kenyan and wider African positions on ongoing global security concerns and climate change.","entryThumbnail":null,"sys":{"id":"30ede248-3859-46f4-b0cb-22b2ccf1859a","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"How to Make the World a Better Place","entryDescription":"Understand how to make the world a better place through social awareness, active allyship, the consciousness of the individual impact on society, critical thinking, and in-depth analysis of local and global communities. Learn about the 'Champion for Change: Making the world a better place' award, under the King's Experience Awards. Speak to the King's Edge team about opportunities, events and activities you can take part in and commit to the King's Vision. ","entryThumbnail":null,"sys":{"id":"40d93c57-fb19-4a8d-bbee-2cbffd7879ea","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"The ingredients of climate policies and interventions in Africa in the 21st century: finance, inclusivity, accountability, and welfare","entryDescription":"This panel will offer an interface for critically discussing the vexed issues around climate finance, population science, community level needs, and macro and micro level governance that present both opportunities and threats to Africa’s 21st century needs.","entryThumbnail":null,"sys":{"id":"a7ef3c78-3ac7-4d3d-b4ac-0be65fa7c40f","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"AKC lectures: Professor Joanna Zylinska - Minimal Ethics for a Planetary Crisis","entryDescription":"This AKC series considers ethical and political responses to climate change from academic experts working in different disciplines – philosophy, geography, meteorology, theology, economics – and also from artists and activists who argue for a radical disruption of familiar paradigms.","entryThumbnail":null,"sys":{"id":"2498175d-5b63-4156-a77e-efdfc077fe6c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"'Grass in the cracks': Gender, social reproduction & climate justice in the Xolobeni struggle","entryDescription":"Seminar: Conversations on Social Reproduction","entryThumbnail":null,"sys":{"id":"f03a1b74-cfa0-4b4d-9fa1-70d07682e2ad","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Workshop - 23 February 2023","entryDescription":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","entryThumbnail":null,"sys":{"id":"ff5434bc-8811-41b7-b84e-a7442a754e63","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Environment, Social & Governance (ESG) Taster Session - 25 January 2023","entryDescription":"Find out more about the King's Executive MBA on the next online event on 21 January 2023. ","entryThumbnail":null,"sys":{"id":"def15337-cf57-4f6d-a62e-98215a94810e","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Education for Sustainability: Impact on the Wider Community","entryDescription":"This session will highlight how educational initiatives within King's are contributing to a sustainable future beyond the campus.","entryThumbnail":null,"sys":{"id":"7216ed75-1bba-402c-b369-92f940c7479d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Education for Sustainability: Showcasing Examples and Finding Common Ground","entryDescription":"This session is dedicated to showcasing the work and progress made so far in the realm of sustainability education. We will feature examples from module leaders and student projects.","entryThumbnail":null,"sys":{"id":"cfd70059-26eb-4c9d-a4d0-341b8b0dc753","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Sustainable Synergies: Uniting King’s expertise for impactful grant ventures","entryDescription":"“Sustainable Synergies” is a workshop series designed to harness and unite the diverse expertise within King’s College London, fostering a collaborative environment for impactful and innovative grant applications.","entryThumbnail":null,"sys":{"id":"95d3d6e7-ab37-4b8c-8aee-92fffe14f49c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Education for Sustainability: College-wide Challenges","entryDescription":"This introductory session will serve as a platform to address broad questions regarding teaching, evaluation, and challenges in sustainability education.","entryThumbnail":null,"sys":{"id":"f01047c2-2a26-4879-ac34-db050a0449c8","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Sustainable Synergies: Uniting King's Expertise for Impactful Grant Ventures: Digital Sustainability","entryDescription":"“Sustainable Synergies” is a workshop series hosted by the Centre for Sustainable Business at King’s Business School. This series is designed to harness and unite the diverse expertise within King’s College London, fostering a collaborative environment for sustainability-related grant applications. ","entryThumbnail":null,"sys":{"id":"d9da087c-23bb-475e-946d-194775e03bef","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Society","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3376166e-dba4-4824-9278-b4b710cddf81","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"University","entryDescription":null,"entryThumbnail":null,"sys":{"id":"e7ae859c-7867-4bbf-8d45-5b40e62ea10f","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"publicationsText":null,"contactUs":[{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003E\u003Ca title=\"climate-sustainability\" href=\"\u002Fclimate-sustainability\" data-nodeid=\"bd855446-9e91-4052-87b9-f77a5de495bc\" data-nodelanguage=\"en-GB\" data-entryid=\"e86279b5-2c8e-48bf-b528-dbd63d025cbc\"\u003EKing's Climate & Sustainability\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"email","value":"sustainability@kcl.ac.uk"}],"orgUnits":[{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Climate Law & Governance","entryDescription":"climate-law","entryThumbnail":null,"sys":{"id":"710651ba-64af-458c-bcf5-57095ee03d82","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Social Science & Public Policy","entryDescription":"sspp","entryThumbnail":null,"sys":{"id":"affd3ae9-0923-43cd-8d88-f4171acf0043","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Geography","entryDescription":"geography","entryThumbnail":null,"sys":{"id":"d3319a23-8841-47fd-b28a-24aca5d92f83","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Global Institutes","entryDescription":"global-institutes","entryThumbnail":null,"sys":{"id":"c532b20d-5030-40e5-91e0-5e7c21220b9a","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Leverhulme Centre for Wildfires, Environment & Society","entryDescription":"wildfires-environment-and-society","entryThumbnail":null,"sys":{"id":"35a654d4-e438-4183-8437-31f1e2000787","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Conflict, Security & Development Research Group","entryDescription":"csd","entryThumbnail":null,"sys":{"id":"f7697556-35fb-45a8-87ef-e8d884b40e94","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Environmental Humanities Network","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a2972acb-491f-4716-b0e9-ee47a578416f","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Sustainable Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0d59b3cf-9fd9-4332-804e-fdaf6d339943","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"projectsOrThemes":false,"topics":[{"entryTitle":"Geography","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5a9c0abf-c204-46a2-b93b-d0f7266f2e0f","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Environment","entryDescription":null,"entryThumbnail":null,"sys":{"id":"69680bb5-a874-4b54-a20c-d2bd82ca6aa7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"International development","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c7fd39f2-453b-48a1-8932-671f7d4391f5","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":null,"searchOptions":{"includeInKCLSiteSearch":false,"includeInSitemap":false,"includeInKCLSiteListings":false},"entryDescription":null,"promoImage":{"altText":"","transformations":"w=780&h=450&crop=780,440,0,5","caption":"","asset":{"entryTitle":"Solar panel at sunset thumbnail","entryDescription":null,"sys":{"id":"14ad2e61-ae26-4558-8c7d-6bc80c48b6a9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsustainabilty\u002Fsolar-panel-at-sunset-thumbnail.xd5280cdc.png?w=780&h=450&crop=780,440,0,5"}}},"partnersText1":null,"customTabTitle":null,"customTabContent":[],"partners":[],"activities":[],"awards":null,"projectsTabPromos":[],"listOfAllProjectsLink":null,"showLatestTweet":false,"publicationsSummary":null,"shortName":"climate","entryTitle":"Climate & sustainability researchers at King’s","publications":null}],"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Professor of Practice in Net Zero Asset Management","groups":[{"entryThumbnail":null,"orgUnit":[{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"name":"Net Zero Centre leadership","entryDescription":null,"description":null,"sys":{"owner":"k1925973","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"peopleGroup","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1810512","archived":null,"deleted":null,"createdBy":"k1925973","created":"2022-04-21T08:54:13.9550652Z","versionNo":"5.0","modified":"2024-05-31T14:01:52.5843525Z","modifiedBy":"k1810512","published":"2024-05-31T14:01:55.084376Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"c7b7c3e8-d4f6-45b5-b3f3-4d32a9a1f0c2","projectId":"website","slug":"net-zero-centre-leadership","properties":{}},"people":[{"entryTitle":"Barbara Shollock","entryDescription":"Professor of Engineering","entryThumbnail":null,"sys":{"id":"8908a8bb-19cd-40ee-bfd0-4587a1b81251","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Anatoly Zayats","entryDescription":"Professor of Physics","entryThumbnail":null,"sys":{"id":"ec2622cf-b371-43b3-8961-5ebadd3437ae","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"entryTitle":"Net Zero Centre leadership"}],"officeHours":[],"biography":[{"type":"biographyText","value":"\u003Cp\u003ERaúl Rosales is a Professor of Practice in Net Zero Asset Management within the Department of Engineering at King's College London, focused on the Net Zero Centre. He also serves as a Senior Executive Fellow at Imperial College Business School and played a pivotal role in launching the Singapore Green Finance Centre (SGFC) in 2020, where he currently serves on its management committee. Raúl also works as a Senior Advisor for Orchard Global Asset Management LLP, an Alternative Credit Investment Fund in London.\u003C\u002Fp\u003E\n\u003Cp\u003EHis background in the financial industry spans 30 years, most recently at the European Bank for Reconstruction and Development (EBRD) as Senior Banker for Energy and previously at BBVA as Global Head of Multilateral Banks (MDBs). He is a Doctor in Civil Engineering, specialising in sustainable infrastructure and energy project financing by Universidad Politécnica de Madrid, Spain (2013). Raúl is based in London.\u003C\u002Fp\u003E\n\u003Cp\u003EHis latest policy paper '\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fassets\u002Fweb-03-fs-kings-policy-paper-raul-forestry.pdf\"\u003EThe Carbon Credit Price and National Tree Planting Impact of Woodland Carbon Code Admittance to the UK-ETS\u003C\u002Fa\u003E' explores global carbon markets and how the UK can unlock revenue and additional capacity for the Net Zero transition with woodland creation. It was published in partnership with Imperial College Business School and Foresight Sustainable Forestry Company Plc.\u003C\u002Fp\u003E\n\u003Cp\u003EIn addition to this latest paper, Raúl has also published a series of works on Carbon Finance, including under the mandate of the British High Commission in Singapore:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fresearch-papers\u002Faccelerating-transition.pdf\"\u003EAccelerating Transition: Climate Finance policies to prioritise in the first 100 days\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fgovernment\u002Fpublications\u002Fuk-singapore-cop26-universities-network-policy-reports\u002Fgreen-finance-voluntary-carbon-markets-in-asean-challenges-and-opportunities-for-scaling-up\"\u003EGreen Finance: Voluntary Carbon Markets in ASEAN, challenges and opportunities for scaling up\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.imperial.ac.uk\u002Fbusiness-school\u002Ffaculty-research\u002Fresearch-centres\u002Fcentre-climate-finance-investment\u002Fresearch\u002Fglobal-vcms-and-infrastructure\u002F\"\u003EGlobal Voluntary Carbon Markets(VCMs) and Market Infrastructure\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.imperial.ac.uk\u002Fbusiness-school\u002Ffaculty-research\u002Fresearch-centres\u002Fcentre-climate-finance-investment\u002Fresearch\u002Ffinancial-accounting-carbon-finance-new-standard-new-paradigm\u002F\"\u003EFinancial Accounting For Carbon Finance: A New Standard For A New Paradigm\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"}],"employeeTypes":["Academics"],"relatedSpotlight":[],"additionalJobTitle":[],"firstName":"Raúl","kingsID":null,"hide":false,"location":null,"pronouns":null,"entryTitle":"Raúl Rosales"},{"entryThumbnail":null,"lastName":"Aikman","socialLinks":[{"type":"email","value":{"emailAddress":"david.aikman@kcl.ac.uk","showEmail":true}},{"type":"linkedIn","value":{"url":"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fdavid-aikman-956395138\u002F"}}],"regions":[],"roomNumber":null,"displayName":"David Aikman","jobTitle":"Director of the Qatar Centre for Global Banking & Finance","publishDate":null,"description":"David Aikman joined King’s Business School in April 2020 as Professor of Finance and Director of the Qatar Centre for Global Banking and Finance.","relatedNews":[{"summary":"If a relaxation in regulatory capital requirements is ever likely to be effective, it is now.","entryThumbnail":null,"image":{"altText":"An image of the Bank of England and central London.","transformations":null,"caption":"In contrast to 2008, central banks and financial regulators have spent much of the past decade building resilience into their financial systems in the name of macroprudential policy. ","asset":{"entryTitle":"Bank of england","entryDescription":null,"sys":{"id":"27a248b5-318a-418f-aecf-0a9be40bc187","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002FBank-of-england.x04725666.jpg"}}},"regions":[{"entryTitle":"Australia","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0a7188bc-22de-499c-91d7-4cbb45318643","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}},{"entryTitle":"Europe","entryDescription":null,"entryThumbnail":null,"sys":{"id":"bd59677c-1de6-47c2-ad9d-542e6c479ea3","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}},{"entryTitle":"USA","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f8d11955-921d-47d6-af0b-f2bce04fc380","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-04-30T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"If a relaxation in regulatory capital requirements is ever likely to be effective, it is now.","relatedEvent":null,"relatedLinks":[],"title":"Role of macroprudential policy in the Covid crisis","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-27T14:16:51.1498662Z","versionNo":"3.0","modified":"2023-04-26T10:44:01.4131572Z","modifiedBy":"k1812479","published":"2023-04-26T10:44:20.3281311Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"69e0235f-2862-4d94-8c04-9ac9bf58f742","projectId":"website","slug":"qcgbf-role-macroprudential-policy-covid-crisis","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking & Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003E2008 was a crisis of finance. The Covid crisis is different – governments around the world have deliberately put their economies in medically-induced comas to flatten the curve of the pandemic. The consequence collapse in economic activity will, however, spill over to financial systems all the same, as losses from borrower defaults and asset price falls threaten financial stability.  \u003C\u002Fp\u003E\n\u003Cp\u003EIn contrast to 2008, central banks and financial regulators have spent much of the past decade building resilience into their financial systems in the name of macroprudential policy. Banks now have substantial capital and liquidity buffers, and mortgage borrowing by households has been curbed in many countries.  The aim of these policies is to prevent shocks being amplified by the financial system as happened so dramatically in 2008.  \u003C\u002Fp\u003E\n\u003Cp\u003EIn this article, we ask how effective these measures are likely to be in the current crisis. We examine the steps taken since the Covid outbreak began and describe their intended effects. We also assess whether countries have responded in similar ways with the aim of sharing best practices. To preview our conclusion, while macroprudential policies are playing perhaps a tertiary role in the crisis – behind health policies and fiscal\u002Fliquidity injections. Nevertheless, the responses we’ve seen have been impressive in their speed and innovation and should help the financial system act as a shock-absorber this time round.\u003C\u002Fp\u003E\n\u003Ch3\u003EThe aim of macroprudential policy in this crisis\u003C\u002Fh3\u003E\n\u003Cp\u003ESince the Covid crisis began, macroprudential regulators have sought to enable banks to use their built-up resilience to support the economy now. In particular, most actions have relaxed banks’ capital requirements. Why is this?\u003C\u002Fp\u003E\n\u003Cp\u003EBank balance sheets are being hit in several ways by the Covid crisis. Some of the loans that banks extended in the past will go sour as unemployment and company insolvencies increase. Moreover, new “expected loss” provisioning rules being phased-in globally will bring forward some of these hits to capital to the present. The higher risk of loss will also mean an increase in measured risk weighted assets, mechanically reducing banks’ capital ratios. And banks will be under intense pressure from governments to provide liquidity to customers during the lock-down, with the expansion in their balance sheets also reducing their capital ratios.\u003C\u002Fp\u003E\n\u003Cp\u003EAll else equal, this erosion in capital – or indeed just its prospect – would create strong incentives for banks to shrink their assets, either by stopping lending to households and companies (causing a “credit crunch”) or by fire-selling securities. Either route would have severe contractionary consequences for the economy.\u003C\u002Fp\u003E\n\u003Cp\u003ETo see why, consider a banking system with a balance sheet of £1 trillion and a leverage ratio of five per cent – even after all the Basel III reforms, this leverage ratio is roughly that of advanced economy banking systems entering this crisis.  If this system suffers a £10bn loss, it will need to contract its balance sheet by £200bn to maintain its pre-shock capital ratio. Leverage is a huge amplifier of shocks!\u003C\u002Fp\u003E\n\u003Cp\u003EThis adverse process can be short-circuited if instead banks allow their capital ratios to fall following the shock. In our simple example, if the banking system absorbs the £10bn hit to its capital by allowing its leverage ratio to fall to four per cent, it no longer needs to shrink assets and the shock is no longer amplified. Equivalently, we might say that the lending capacity of the banking system in this case is £200bn higher than when its leverage ratio must remain at five per cent. This extra lending capacity is precisely what macroprudential regulators are trying to achieve by relaxing capital requirements now.\u003C\u002Fp\u003E\n\u003Cp\u003EIf a relaxation in regulatory capital requirements is ever likely to be effective, it is now. The demand from households and companies for bank credit to meet liquidity needs is very high. And while bank equity prices have fallen significantly, we do not appear to be in a situation where solvency concerns mean that the market-imposed constraint is binding.\u003C\u002Fp\u003E\n\u003Ch3\u003EWhat specific macroprudential actions have been taken?  \u003C\u002Fh3\u003E\n\u003Ch4\u003E\u003Cstrong\u003ECountercyclical capital buffers (CCyB)\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003ECutting the CCyB is the most direct and transparent way of achieving a relaxation in required capital. The chart below plots CCyB rates for the 15 countries that have activated this tool to date (I’ve included Canada and Switzerland, which had similar tools in place). The blue bars show the rates in effect at the end of 2019, with the lighter shade indicating decisions that had not yet taken binding effect. The orange bars are the rates in effect at the time of writing (9 April).  \u003C\u002Fp\u003E\n\u003Cp\u003EIt’s encouraging that this tool is being used exactly as intended. Most countries have already released this buffer, either in full or substantially (the exceptions are Luxembourg, Bulgaria, Slovakia). This puts paid to the often-heard critique that these buffers would never be reduced. In most cases, releases have been accompanied by commitments that the buffer will not be hiked any time soon (eg the UK’s FPC has committed to the buffer remaining at zero per cent for at least 12 months). This “time-based forward guidance” removes once source of uncertainty in banks’ capital planning decisions, which should make it easier for them to support the economy.\u003C\u002Fp\u003E\n\u003Cp\u003EWhile the buffers built up prior to this crisis are on the small side (I’ve \u003Ca href=\"https:\u002F\u002Fwww.aeaweb.org\u002Farticles?id=10.1257\u002Fjep.33.1.107\"\u003Epreviously argued\u003C\u002Fa\u003E that buffers around five per cent would be desirable) , the impact of their removal on lending capacity can be large – this is just the flip-side of how leveraged banks currently are. The release of the one per cent CCyB rate in the UK reduces the aggregate capital requirement by less than half a per cent. But it means the UK banking system can absorb around £11 billion of losses while maintaining its current lending path, or equivalently, it can preserve its lending capacity by £200-250bn.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Note: * The domestic stability buffer set by OSFI, the Canadian prudential regulator. \n** The countercyclical buffer applied to mortgage exposures by the Swiss Federal Council. \n\nSource: European Systemic Risk Board, Banque de France, Czech National Bank, the Office of the Superintendent of Financial Institutions, the Hong Kong Monetary Authority, Swiss Federal Council, Central Bank of Iceland, Commission de Surveillance de Secteur Financier.\n","asset":{"entryTitle":"MacroprudentialCCR","entryDescription":null,"sys":{"id":"65830eed-c44f-4a0f-93da-c209a8cb7433","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fmacroprudentialccr.x87a815da.jpg"}}}},{"type":"markup","value":"\u003Ch4\u003E\u003Cstrong\u003EOther capital buffers\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EBy contrast, other capital buffers do not have an explicit release mechanism, and as such, it’s likely to prove more difficult to encourage their use. For example, the 2.5 per cent capital conservation buffer and domestic and global systemic importance buffers cannot be cut. Banks can enter these buffers but will face restrictions on their dividends and bonuses if they do. They may prefer to shrink assets to avoid these restrictions. \u003C\u002Fp\u003E\n\u003Cp\u003EFor this reason, regulators have had to innovate on the fly. One approach has been to ease temporarily how some rules are enforced. The clearest example is by APRA, the Australian prudential regulator. On 19 March, \u003Ca href=\"https:\u002F\u002Fwww.apra.gov.au\u002Fnews-and-publications\u002Fapra-adjusts-bank-capital-expectations\"\u003EAPRA announced\u003C\u002Fa\u003E that, provided banks meet minimum requirements, it will be relaxed about banks’ capital positions during the Covid-19 disruption.  Similarly, on 12 March, \u003Ca href=\"https:\u002F\u002Fwww.bankingsupervision.europa.eu\u002Fpress\u002Fpr\u002Fdate\u002F2020\u002Fhtml\u002Fssm.pr200320_FAQs~a4ac38e3ef.en.html\"\u003Ethe ECB announced\u003C\u002Fa\u003E it was releasing its “Pillar 2G” stress test buffer in full until further notice – removing around €90 billion in required CET1. And the Canadian prudential regulator \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Ffi-if\u002Fin-ai\u002FPages\u002FDTI20200327_let.aspx\"\u003EOSFI announced\u003C\u002Fa\u003E a temporary reduction in the “stressed VaR” multiplier it applies when calculating capital requirements on banks’ trading books.\u003C\u002Fp\u003E\n\u003Cp\u003EAnother innovation has been to make running repairs to existing rules to ensure they work with the grain of other policy measures. An example here is the exemption of central bank reserves and government securities from the leverage ratio. This idea, which originated at the Bank of England after the Brexit referendum, aims to ensure the leverage ratio isn’t a barrier to quantitative easing measures. On 1 April, the \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fnewsevents\u002Fpressreleases\u002Fbcreg20200401a.htm\"\u003EFed announced\u003C\u002Fa\u003E reserves and Treasuries will be exempted from the supplementary leverage ratio until March 2021. Whereas the BoE’s response was capital neutral in its implementation, the Fed’s approach will relax Tier 1 capital requirements by around $17 billion.  \u003C\u002Fp\u003E\n\u003Cp\u003EIn similar vein, many regulators have adjusted their capital rules to assign zero risk weights to new loans to small businesses created through government support programmes (e.g. \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fnewsevents\u002Fpressreleases\u002Fbcreg20200409a.htm\"\u003Ethis\u003C\u002Fa\u003E by the Fed, and \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Fosfi-bsif\u002Fmed\u002FPages\u002Fnr20200330.aspx\"\u003Ethis\u003C\u002Fa\u003E by OSFI). \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Ffi-if\u002Fin-ai\u002FPages\u002FDTI20200327_let.aspx\"\u003EOSFI also announced\u003C\u002Fa\u003E that loans subject to payment deferrals will not be treated as delinquent for the purpose of calculating risk weights.\u003C\u002Fp\u003E\n\u003Cp\u003EWe’ve also seen regulators scramble to fast-forward the introduction of some previously planned measures where the impact will loosen requirements. For instance, \u003Ca href=\"https:\u002F\u002Fwww.bankingsupervision.europa.eu\u002Fpress\u002Fpr\u002Fdate\u002F2020\u002Fhtml\u002Fssm.pr200320_FAQs~a4ac38e3ef.en.html\"\u003Ethe ECB is \u003C\u002Fa\u003Ebringing forward rules that will allow banks to meet a larger proportion of their minimum capital requirement with coco bonds and subordinated debt instruments (under “CRDV”). This will reduce required CET1 capital by €30 billion euros.  Similarly, the \u003Ca href=\"https:\u002F\u002Fwww.federalregister.gov\u002Fdocuments\u002F2020\u002F03\u002F31\u002F2020-06755\u002Fstandardized-approach-for-calculating-the-exposure-amount-of-derivative-contracts\"\u003EFed announced\u003C\u002Fa\u003E that it will be allowing banks to adopt early a more lenient approach to measuring the exposure in derivative contracts.\u003C\u002Fp\u003E\n\u003Cp\u003EFinally, the \u003Ca href=\"https:\u002F\u002Fwww.bis.org\u002Fbcbs\u002Fpubl\u002Fd498.pdf\"\u003EBasel Committee has amended\u003C\u002Fa\u003E its guidance for the capital treatment of new expected loss provisioning rules to reduce their impact on CET1 capital for the next two years.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EDividend restrictions         \u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EWhile most countries have relaxed capital requirements in one form or another, far more controversial has been the decision to require banks to suspend dividends, share buy-backs and bonus payments.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Swedish regulator \u003Ca href=\"https:\u002F\u002Ffi.se\u002Fen\u002Fpublished\u002Fpress-releases\u002F2020\u002Ffi-expects-banks-and-credit-market-companies-to-stop-dividend-payments\u002F\"\u003EFinansinspektionen\u003C\u002Fa\u003E was the first to do this, despite Swedish banks having capital ratios that are high by international standards. The \u003Ca href=\"https:\u002F\u002Fwww.bankingsupervision.europa.eu\u002Fpress\u002Fpr\u002Fdate\u002F2020\u002Fhtml\u002Fssm.pr200320_FAQs~a4ac38e3ef.en.html\"\u003EECB\u003C\u002Fa\u003E and the \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fprudential-regulation\u002Fpublication\u002F2020\u002Fpra-statement-on-deposit-takers-approach-to-dividend-payments-share-buybacks-and-cash-bonuses\"\u003EBank of England\u003C\u002Fa\u003E then followed suit. \u003Ca href=\"https:\u002F\u002Fwww.apra.gov.au\u002Fcapital-management\"\u003EAPRA\u003C\u002Fa\u003E has requested Australian banks and insurers limit discretionary distributions. And \u003Ca href=\"https:\u002F\u002Fwww.osfi-bsif.gc.ca\u002FEng\u002Fosfi-bsif\u002Fmed\u002FPages\u002Fnr_20200313.aspx\"\u003EOFSI\u003C\u002Fa\u003E has suspended share buy-backs for Canadian banks. US regulators, by contrast, have not intervened in this way.\u003C\u002Fp\u003E\n\u003Cp\u003EBlanket, across-the-board suspensions were explicitly not part of the \u003Cem\u003Eex ante\u003C\u002Fem\u003E plan for dealing with a crisis. Basel 3 raised capital requirements by a factor of ten to ensure banks would have enough capital entering the next crisis. An individual bank would face dividend restrictions only if losses meant its capital fell below particular thresholds. The pay-out restrictions we’ve seen in this crisis are far more nuclear – they shut down dividends for all banks, regardless of their capital position.\u003C\u002Fp\u003E\n\u003Cp\u003EWhy have regulators done this? First, given the scale of the unfolding crisis, some regulators may simply be worried that existing buffers won’t suffice. While regulators deny this, they remain scarred by the \u003Ca href=\"https:\u002F\u002Fvoxeu.org\u002Farticle\u002Famidst-crisis-banks-are-still-paying-dividends\"\u003Eexperience of the last crisis\u003C\u002Fa\u003E where banks continued to return significant amounts of capital to shareholders even as the crisis was unfolding. Recall that each £1 of retained capital can be levered to create around £20 in new loans, so forcing banks to retain capital is simply prudent at this stage. After all, UK banks were expecting to return £25 billion in capital to their shareholders over 2019-20 and pay bonuses of over £11 billion.  \u003C\u002Fp\u003E\n\u003Cp\u003ESecond, there has been a transatlantic divide in the way stress testing programmes have operated with respect to dividends. As a \u003Ca href=\"https:\u002F\u002Fwww.brookings.edu\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002Feffects-of-stress-test-paper.pdf\"\u003Erecent paper\u003C\u002Fa\u003E by Don Kohn and Nellie Liang emphasises, the Fed’s CCAR stress tests prevent banks from bolstering their capital positions by assuming lower pay-outs during the stress scenario – in effect, this has forced US banks to pre-fund their dividend plans with adequate capital. In contrast, the BoE’s stress test results are less conservative and allow banks to assume an almost complete suspension of distributions during the stress (see box 5 of their latest \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002F-\u002Fmedia\u002Fboe\u002Ffiles\u002Ffinancial-stability-report\u002F2019\u002Fdecember-2019.pdf?la=en&hash=99431A541357AC6D601A99B950455E2344C12901#page=12\"\u003Eresults document\u003C\u002Fa\u003E). The differing responses of macroprudential authorities in the crisis is therefore consistent with what was baked into pre-shock stress testing approaches.\u003C\u002Fp\u003E\n\u003Cp\u003EThird, there is a theoretical argument that imposing a blanket ban on distributions will help make other buffers more usable. The argument here is that it removes the stigma of banks entering their capital conservation and systemic risk buffers. As none of their competitors will be paying dividends either, there is no adverse signal \u003Cem\u003Eper se\u003C\u002Fem\u003E in a bank allowing its capital ratio to fall into the region subject to mandatory distribution restrictions. (\u003Ca href=\"https:\u002F\u002Fwww.bis.org\u002Fpubl\u002Fwork580.pdf\"\u003EThis paper\u003C\u002Fa\u003E by Viral Acharya and co-authors presents a model in which dividend pay-outs create negative externalities for other banks).  \u003C\u002Fp\u003E\n\u003Ch3\u003EConcluding thoughts\u003C\u002Fh3\u003E\n\u003Cp\u003EThe table below summarises how macroprudential authorities in different countries have responded so far to the Covid crisis.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Macroprudential responses to the Covid crisis in the United States, European Union, United Kingdom, Canada, Sweden and Australia.","asset":{"entryTitle":"Macrorates","entryDescription":null,"sys":{"id":"ca9f3000-9391-4a11-8b6c-4d42e51e0a81","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002FMacrorates.x96489fc3.JPG"}}}},{"type":"markup","value":"\u003Cp\u003EOverall, banks have been granted a material reduction in their capital requirements via releases in the CCyB and a variety of other ad hoc measures. Many regulators have also rightly suspended dividends. In principle, these actions should provide them significant lending capacity to support the real economy during the crisis. Of course, the reckoning on the effectiveness of these various measures – and in particular whether banks should have had higher usable capital buffers entering the crisis – will come.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Role of macroprudential policy in the Covid crisis"},{"summary":"In Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability.","entryThumbnail":null,"image":{"altText":"An image of the Paris La Defense skyline.","transformations":"w=1088&h=816&crop=780,440,175,97","caption":"","asset":{"entryTitle":"LaDefense","entryDescription":null,"sys":{"id":"52aa19cd-ff8a-4395-bcdf-e43994df87ab","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002FLaDefense.x2002e745.jpg?w=1088&h=816&crop=780,440,175,97"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-05-04T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability.","relatedEvent":null,"relatedLinks":[],"title":"Do central bank stress tests encompass the Covid crisis?","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-27T16:31:18.3284657Z","versionNo":"5.0","modified":"2023-04-26T10:44:51.6726451Z","modifiedBy":"k1812479","published":"2023-04-26T10:45:05.352244Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"98934154-b146-401d-a834-196f19a240bd","projectId":"website","slug":"qcgbf-do-central-bank-stress-tests-encompass-covid-crisis","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Eleonora Muzzupappa","entryDescription":"Associate Professor (Senior Lecturer) in Banking and Finance ","entryThumbnail":null,"sys":{"id":"0ae7ef1b-0765-46c6-9879-b5393d77acc9","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking & Finance and Dr Eleonora Muzzupappa, Teaching Fellow in Banking and Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003EIn Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability. While the risks associated with a pandemic were at the top of governmental \u003Ca href=\"https:\u002F\u002Fassets.publishing.service.gov.uk\u002Fgovernment\u002Fuploads\u002Fsystem\u002Fuploads\u002Fattachment_data\u002Ffile\u002F61934\u002Fnational_risk_register.pdf\"\u003Erisk\u003C\u002Fa\u003E registers, there had not been a recent regulatory stress test to gauge how the financial system might fare in such an event. Despite this, the Covid shock is manifesting itself in steep falls in activity globally and in large drops in various asset prices – scenarios that have been front-and-centre in central banks’ stress testing programmes since the last crisis.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this piece, we ask: do central bank stress tests “encompass” (i.e. assume a more severe stress than) the Covid crisis? As banks tend to be capitalised to pass these stress tests, answering this question helps us understand the solvency threats banks are likely to face in the period ahead.\u003C\u002Fp\u003E\n\u003Ch3\u003EEconomic indicators vs stress scenarios\u003C\u002Fh3\u003E\n\u003Cp\u003ETo examine this question, we compare movements in a variety of economic indicators since the outbreak began with the assumptions used in the latest stress tests run by the \u003Ca href=\"https:\u002F\u002Fwww.federalreserve.gov\u002Fnewsevents\u002Fpressreleases\u002Ffiles\u002Fbcreg20190213a1.pdf\"\u003EFed Board\u003C\u002Fa\u003E, the \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fnews\u002F2019\u002Fmarch\u002Fkey-elements-of-the-2019-stress-test\"\u003EBank of England\u003C\u002Fa\u003E, and the \u003Ca href=\"https:\u002F\u002Fwww.esrb.europa.eu\u002Fmppa\u002Fstress\u002Fshared\u002Fpdf\u002Fesrb.20180131_EBA_stress_test_scenario__macrofinancial.en.pdf\"\u003EEuropean Banking Authority (EBA)\u003C\u002Fa\u003E. In particular,\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EFor the financial market variables, we compare the assumed paths in stress scenarios against developments in equivalent variables from the start of this year through 20 April. We also use local peaks or troughs experienced since the Covid outbreak began as a comparison point.\u003C\u002Fli\u003E\n\u003Cli\u003EFor real economy variables (growth and unemployment), we compare stress scenario paths against the International Monetary Fund’s latest \u003Ca href=\"https:\u002F\u002Fwww.imf.org\u002Fen\u002FPublications\u002FWEO\u002FIssues\u002F2020\u002F04\u002F14\u002Fweo-april-2020\"\u003EWorld Economic Outlook\u003C\u002Fa\u003E (WEO) projections, published in April – the latest consistent set of macroeconomic forecasts available at the time this article was written.  \u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EA caveat is in order before we delve into this comparison. Market prices obviously provide a noisy signal of the eventual scale of disruption this crisis will bring. This statement applies \u003Cem\u003Ea fortiori\u003C\u002Fem\u003E to economic forecasts in these unprecedented circumstances – these will be revised substantially as the duration of the lock-down becomes clearer. Given this, the exercise is best thought of as an interim assessment of whether the Covid crisis is likely to overwhelm the capital buffers banks have built up.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EFederal Reserve Board\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EChart 1 compares the shocks to asset prices (upper panel) and real economy variables (lower panel) in the Fed’s 2019 “Severely Adverse” scenario with developments we’ve seen in the Covid crisis to date. The blue bars show stress test values; red bars show movements in the data this year; green bars are IMF’s WEO projections.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EChart 1: Fed Board 2019 Severely Adverse Scenario vs data outturns and IMF forecasts\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart1A","entryDescription":null,"sys":{"id":"93372af2-8e94-48cc-a023-92bda310e861","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart1a.x869c1051.jpg"}}}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart1B","entryDescription":null,"sys":{"id":"130d54dc-5dea-4d2a-b8fc-45ed13454b0b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart1b.x456365aa.jpg"}}}},{"type":"markup","value":"\u003Cp\u003EThe Fed’s 2019 stress test measures up quite well against financial market developments to date. The shocks assumed to equity prices, corporate bond spreads and prices of Collateralised Loan Obligations (CLOs) – securitised tranches of risky corporate debt – are significantly greater than what we’ve seen in the Covid crisis so far. And while at one point in recent weeks the jump in the VIX – a measure of expected volatility in US equity markets – had exceeded that assumed in the stress test, it is now comfortably below this level.\u003C\u002Fp\u003E\n\u003Cp\u003EThe judgement is more finely balanced for property prices, which we benchmark against movements in an index of US-focused Real Estate Investment Trusts (REITs), covering both residential and commercial property. REITs were down almost 40per cent at one point this year, and at the time of writing are 25 per cent lower. If this proves to be a good forecast for actual house price falls, it may be uncomfortably close to the 26 per cent drop assumed in the Fed’s scenario.\u003C\u002Fp\u003E\n\u003Cp\u003EOne area where the shock exceeds that assumed in the test is the oil market: the collapse in oil prices we’ve seen this year has far exceeded the 45per cent decline assumed in the Fed’s scenario.\u003C\u002Fp\u003E\n\u003Cp\u003ETurning to the real economy, perhaps surprisingly the year-on-year fall in US real GDP assumed in the Fed’s scenario (-6.7 per cent) is more severe than that expected by IMF (-5.9 per cent) for 2020. The economic contraction in the second quarter this year will far exceed any previous decline on record – JP Morgan, for instance, is forecasting a mammoth 40 per cent quarter-on-quarter contraction (expressed as an annualised rate). But the IMF’s forecast is predicated on the economy normalising in the second half of 2020. Even assuming this, it is forecasting that unemployment will reach 10.4 per cent, exceeding that assumed in the stress scenario. Clearly there are downside risks to the IMF’s projections if shutdowns persist longer or we see a second wave of the pandemic.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EBank of England\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EChart 2 repeats this exercise for the Bank of England’s 2019 Annual Cyclical Scenario.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EChart 2: BoE 2019 Adverse Cyclical Scenario (ACS) vs data outturns and IMF forecasts\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart2A","entryDescription":null,"sys":{"id":"98462cb1-80d4-4dd7-b6b3-09c139fac74a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart2a.x05baf9ab.jpg"}}}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart2B","entryDescription":null,"sys":{"id":"5c05899c-52f7-41e1-9377-264b32f33098","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart2b.x1db4edc7.jpg"}}}},{"type":"markup","value":"\u003Cp\u003EThis scenario also looks to be well calibrated. The test assumed shocks to equity prices and corporate bond spreads that are somewhat more severe than the falls in these indicators we’ve experienced this year – although the equity market decline at its peak was close to that assumed in the test. While UK-focused REITs were almost 38 per cent down by late March – close to the property price falls assumed in the Bank’s test – they have since recovered somewhat.\u003C\u002Fp\u003E\n\u003Cp\u003EMovements in other financial market indicators have exceeded the Bank’s test scenario, however. The VIX jumped to 82.7 at its peak, and while it has receded from this level, it remains higher than assumed in the test. The collapse in global oil prices to date has been greater than assumed in the Bank’s scenario.\u003C\u002Fp\u003E\n\u003Cp\u003ETurning to real economy variables, the profile for unemployment – a key driver of household default risk – in the Bank test is significantly more severe than in the IMF’s latest forecasts. Its forecasts for growth in the UK and world economies are much weaker than assumed in the stress test, however. The IMF expects UK GDP to contract in 2020 by 6.5 per cent, while the Bank’s test assumed a 4.7 per cent fall. Similarly, the IMF expects world GDP to fall by three per cent, a larger drop than the 2.6 per cent fall in the Bank’s test.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EEuropean Banking Authority\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EFinally, Chart 3 presents results for the EBA’s 2018 Adverse Scenario – the most recent test it has run.\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003EChart 3: EBA 2018 Adverse Scenario vs data outturns and IMF forecasts\u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart3A","entryDescription":null,"sys":{"id":"06db28f1-2154-455b-bb84-965138f4a5e4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart3a.xaeed3a4c.jpg"}}}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Chart3B","entryDescription":null,"sys":{"id":"b2130fe0-4551-43e6-9487-01a2bb8032fb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fchart3b.x383cd07c.jpg"}}}},{"type":"markup","value":"\u003Cp\u003EHere, the comparison is less favourable. The falls in financial market variables we’ve seen this year have exceeded the shocks assumed in the EBA’s scenario. Shocks to corporate CDS premia, European-focused REITs and oil prices have all far exceeded that assumed in the test.\u003C\u002Fp\u003E\n\u003Cp\u003EThe comparison is also unfavourable on the real economy side. The EBA’s scenario assumes a shallow, persistent recession. The cumulative fall in euro area GDP is -2.4 per cent, with a peak year-on-year decline of just -2per cent. This is dwarfed by the -7.5 per cent contraction being forecast by the IMF for 2020 – a forecast itself subject to material downside risks. The EBA’s scenario for unemployment is close to the IMF’s current forecast, however.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EConclusion\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Fed Board and Bank of England’s latest stress scenarios broadly encompass current estimates of the scale of the Covid crisis, as embodied in forward-looking financial market indicators and the IMF’s latest economic forecasts. Our interim assessment therefore is that US and UK banks look to be capitalised to withstand the shock in train – though there are material downside risks to this assessment if these economies fail to normalise in the second half of this year. \u003C\u002Fp\u003E\n\u003Cp\u003EThis assessment might seem surprising given the unprecedented shutdown we are living through. It reflects the extreme tail scenarios chosen by the Fed and the Bank in their scenarios, plus the aggressive policy actions taken by central banks and fiscal authorities, which have boosted confidence in the financial system and stemmed the amplifying factors we might otherwise have seen.\u003C\u002Fp\u003E\n\u003Cp\u003EWe are less sanguine about prospects for euro area banks. The EBA’s latest stress scenario is significantly less severe than developments in market indicators and forecasts since the Covid outbreak began. If euro area banks are capitalised to pass the EBA’s scenario, this suggests we may see further solvency concerns arising for its banking system in the period ahead.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Do central bank stress tests encompass the Covid crisis?"},{"summary":"David Aikman joins new centre at King's Business School","entryThumbnail":null,"image":{"altText":"Professor David Aikman","transformations":"w=939&h=626&crop=780,440,159,84","caption":"","asset":{"entryTitle":"david_aikman","entryDescription":null,"sys":{"id":"c5bbf197-9d6f-4732-8400-3ae827c403bd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Facademics\u002Fdavid-aikman.x44b151b6.jpg?w=939&h=626&crop=780,440,159,84"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2020-05-11T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"David Aikman joins new centre at King's Business School","relatedEvent":{"entryTitle":"Fintech and Monetary Policy Transmission with Iftekhar Hasan","entryDescription":"The Qatar Centre for Global Banking & Finance and King's Business School present: Challenges to Financial Stability with Iftekhar Hasan","entryThumbnail":null,"sys":{"id":"30073c7c-fe86-4d75-8839-0d85bab318e3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Bank of England macroprudential specialist to head Qatar Centre for Global Banking and Finance","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1808181","created":"2020-05-13T16:46:28.937458Z","versionNo":"2.0","modified":"2023-04-26T10:47:29.4572027Z","modifiedBy":"k1812479","published":"2023-04-26T10:47:47.2681554Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"43efe1eb-0c53-4ad5-9379-8da2c5014a03","projectId":"website","slug":"bank-of-england-macroprudential-specialist-to-head-qatar-centre-for-global-banking-and-finance","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EKing’s Business School has appointed David Aikman as the Director of its new Qatar Centre for Global Banking and Finance. Professor Aikman joins from the Bank of England where he was a Technical Head focusing on macroprudential policy within the Bank’s Financial Stability and Strategy Directorate.\u003C\u002Fp\u003E\n\u003Cp\u003EAs Director, Professor Aikman will lead the Centre’s education and research programmes across areas such as monetary policy, prudential regulation and the use of new data sources alongside traditional financial forecasting techniques.\u003C\u002Fp\u003E\n\u003Cp\u003EDuring his time at the Bank of England, Professor Aikman gained considerable international experience and insight, having spent two years on secondment at the Board of Governors of the Federal Reserve System in Washington DC and served as a visiting scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. He also represented the Bank of England at various international meetings, including the Financial Stability Board, Basel Committee and European Systemic Risk Board.\u003C\u002Fp\u003E\n\u003Cp\u003EAlso guiding the Centre’s programme is Dr Francesca Monti, who joined the Centre as Deputy Director in November 2019. Dr Monti was previously Head of Modelling in the Bank of England’s Monetary Policy Outlook Division. She spent nearly a decade at the Bank, and had previous visiting positions at the Federal Reserve Bank of New York, the European Central Bank and the National Bank of Belgium.\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Stephen Bach, Executive Dean of King’s Business School said: “I am delighted that Dr Aikman and Dr Monti have decided to join us. They combine academic credentials of the highest calibre with first-hand experience and are already ensuring that the Centre is starting to make a valuable contribution to helping central bankers and financial leaders around the world understand and address the issues they are now grappling with.”\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor David Aikman added: “I’m absolutely delighted to join King’s Business School to head up the new Qatar Centre for Global Banking and Finance. Our mission at the Centre is to create and disseminate practical knowledge that can help central banks address the profound challenges they currently face. Through our conferences, policy labs and executive education, we will aim to create fora where central bankers, academics and financial sector practitioners can debate and ultimately improve the design of policy.”\u003C\u002Fp\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking and finance is supported by a donation from Qatar Central Bank. It held its first Policy Lab, focussed on challenges to Financial Stability, on 11 March.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Bank of England macroprudential specialist to head Qatar Centre for Global Banking and Finance"},{"summary":"In September 2020, the IFRS Foundation consulted on preliminary proposals for how climate reporting should be integrated into existing financial reporting. To inform the IFRS Foundation’s deliberations, the Qatar Centre of Global Banking & Finance convened a policy forum of experts to debate the issues involved in designing a set of coherent standards.","entryThumbnail":null,"image":{"altText":"blue-sky","transformations":"w=780&h=1166&crop=780,440,0,205","caption":"","asset":{"entryTitle":"blue-sky","entryDescription":null,"sys":{"id":"b12b7931-5709-42b2-877c-9bd6a03d5905","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FAboutsection\u002Fprofessionalservices\u002Fstu-bus-systems\u002Fblue-sky.x5ad77c8d.jpg?w=780&h=1166&crop=780,440,0,205"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2021-01-07T14:00:00","searchOptions":null,"entryDescription":"In September 2020, the IFRS Foundation consulted on preliminary proposals for how climate reporting should be integrated into existing financial reporting. To inform the IFRS Foundation’s deliberations, the Qatar Centre of Global Banking & Finance convened a policy forum of experts to debate the issues involved in designing a set of coherent standards.","relatedEvent":{"entryTitle":"Policy Forum on Climate-Related Disclosures","entryDescription":"The Qatar Centre for Global Banking and Finance is bringing together global experts to discuss climate-related corporate disclosures and inform the IFRS in its deliberations how to proceed.","entryThumbnail":null,"sys":{"id":"048ee5ac-1be7-4080-90f8-dd5572f9086c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[{"type":"links","value":{"linkLabel":"Recording of Climate-Related Disclosures Policy Forum","url":"https:\u002F\u002Fyoutu.be\u002FMOCTJvQE0LQ"}},{"type":"links","value":{"linkLabel":"IFRS Preliminary Proposals","url":"https:\u002F\u002Fwww.ifrs.org\u002Fprojects\u002Fwork-plan\u002Fsustainability-reporting\u002F"}}],"title":"Climate-Related Disclosures Policy Forum Blog & Video","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-01-07T13:32:02.9415165Z","versionNo":"5.0","modified":"2021-09-03T06:36:30.6801164Z","modifiedBy":"k2143220","published":"2022-07-14T11:37:06.6891033Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"e7ef8221-3b47-45d0-a9c3-f9472eda57ec","projectId":"website","slug":"climate-related-disclosures-policy-forum","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Karlygash Kuralbayeva","entryDescription":"Senior Lecturer in Economics","entryThumbnail":null,"sys":{"id":"fb16e5eb-f78c-473b-9121-7c43d54c30a5","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of The Qatar Centre for Global Banking & Finance & Dr. Karlygash Kuralbayeva, Lecturer in Economics","articleContent":[{"type":"markup","value":"\u003Cp\u003EThere are currently no universally adopted standards for how companies should measure and report on their climate risks & this is a major impediment to harnessing capital markets' power in accelerating the transition to a net-zero economy. Fortunately, this might all be about to change.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003EWhat can financial disclosures achieve?\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ELord Adair Turner\u003C\u002Fstrong\u003E addressed this question in his keynote talk. The first goal of disclosures is in providing investors with \u003Cstrong\u003Eaccurate information on companies' CO2 emissions\u003C\u002Fstrong\u003E. Comprehensively measuring emissions is not straightforward, particularly so-called \"Scope 3\" emissions, which capture information such as business travel and emissions created by users of the reporting company's products (see \u003Ca href=\"https:\u002F\u002Fwww.carbontrust.com\u002Fresources\u002Fbriefing-what-are-scope-3-emissions\"\u003Ehere\u003C\u002Fa\u003E for an explanation).\u003C\u002Fp\u003E\n\u003Cp\u003EThere is also the issue of how investors should use this information. It would make no sense, Lord Turner argued, to penalise companies based on their current emissions. Some firms – bus companies, for example – have high current emissions but in a wider context, are vital in reducing society’s overall emissions. Moreover, the world will continue to require steel, cement, and other carbon-emitting industries for some time to come, so any ranking needs to be relative and forward-looking, calculated at the sector\u002Findustry level.\u003C\u002Fp\u003E\n\u003Cp\u003EThe second area where consistent disclosures can be useful is in providing clarity about the\u003Cstrong\u003E reserves and resources of fossil fuel producers\u003C\u002Fstrong\u003E. Around two-thirds of known fossil fuel reserves will need to be left in the ground if we are to have more than a coin toss chance of keeping average warming below 2 degrees Celsius. This will inevitably mean large write-downs on some oil and gas companies' books and losses for investors financing these companies. These stranded assets extend beyond fossil fuel reserves: many other assets are close to being effectively worthless, including internal combustion engine factories and blast furnaces.\u003C\u002Fp\u003E\n\u003Cp\u003EThird, disclosure standards can be a \u003Cstrong\u003Epowerful disciplining device in ensuring that firms follow through on their net-zero commitments\u003C\u002Fstrong\u003E. To fulfil this role, disclosure standards need to allow investors to interrogate firms’ strategies. An important issue here is whether the scope of standard setters’ efforts should extend to the text commentary in the front-end of firms’ accounts, which describe forward-looking judgements about strategy. A particularly pressing issue is the need for clearer information about firms’ assumptions on carbon offsets, an area of huge potential vagueness. The need for greater clarity over\u003Cstrong\u003E strategies and commitments also extends to financial firms\u003C\u002Fstrong\u003E. Here the complexity is compounded as investors must assess the credibility of individual firms’ strategies and that of their overall portfolios.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003EDisclosures as a tool for triggering behavioural and cultural change within firms\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EMorgan Slebos\u003C\u002Fstrong\u003E, \u003Cstrong\u003EMegan Bowman\u003C\u002Fstrong\u003E and \u003Cstrong\u003EPaul Fisher\u003C\u002Fstrong\u003E discussed the high-level objectives of a disclosure regime for climate risks. A key theme was the emphasis \u003Cstrong\u003Eon disclosures as a tool for triggering behavioural and cultural change within firms\u003C\u002Fstrong\u003E. To disclose their risk, firms’ boards will first need to work out what those risks are. Any company thinking they are not exposed to climate risks has not thought hard enough about the issue. Once the risks are understood, firms’ boards will attempt to mitigate them, enabling them to report a good story. There is substantial evidence that financial reporting constrains risk-taking in this way, albeit imperfectly.\u003C\u002Fp\u003E\n\u003Cp\u003EAnother theme of their discussion was the inherent difficulty in measuring climate risks: historical data are of limited value, and we are in the domain of “what if” scenario analysis. Those designing disclosure standards need to be wary of the \u003Cstrong\u003Erisk of being overly precise\u003C\u002Fstrong\u003E, focusing on risks that can be measured quantitatively rather than those that matter most.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003EThe need for forward-looking, dynamic information on firms’ strategies for managing climate risk\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EMartin Weale\u003C\u002Fstrong\u003E, \u003Cstrong\u003EMorgan Despres\u003C\u002Fstrong\u003E and \u003Cstrong\u003ELuba Nikolina\u003C\u002Fstrong\u003E considered consumers' needs on firms' climate exposures and the challenges they face. A theme of their discussion was the need for\u003Cstrong\u003E forward-looking, dynamic information on firms’ strategies\u003C\u002Fstrong\u003E for managing climate risk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EThere has been a real wake-up call in the investment community on climate risks over the past year\u003C\u002Fstrong\u003E. This is now viewed as a genuine financial risk, rather than a moral consideration or regulatory requirement. An asset owner wishing to decarbonise her portfolio has three broad options. She can divest from carbon-intensive assets and shift towards a carbon-neutral portfolio. While feasible, such a portfolio would be highly concentrated and financially risky, and in macro terms, it would simply shift the risk elsewhere in the system. Another option is to invest in positive carbon solutions, such as renewables, carbon capture and storage technologies and reforestation, but at present, this cannot be done at sufficient scale. The only viable option is to engage with underlying businesses and their long-term climate strategies via her asset managers. The opacity of information on firms’ strategies is a significant barrier to doing so effectively.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EData quality is also a challenge for regulators in assessing the systemic risk implications of climate change\u003C\u002Fstrong\u003E. The Network for Greening the Financial System – a coalition of central banks and regulators working on this issue – has established a working group to better articulate regulators’ needs.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003EWhat are the practical barriers faced by information providers in their climate disclosures?\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ERichard Monks\u003C\u002Fstrong\u003E, \u003Cstrong\u003ESpencer Dale\u003C\u002Fstrong\u003E and \u003Cstrong\u003EWim Bartels\u003C\u002Fstrong\u003E discussed the practical barriers faced by information providers in their climate disclosures.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMany companies continue to find disclosing their own emissions challenging, let alone their strategy and commitments 5-10 years ahead.\u003C\u002Fstrong\u003E Picking up a theme of the earlier discussion, text commentary is vitally important – publishing data is worthless if firms don’t explain what it means. This is an area where auditors can help, assisting firms with making their processes and controls robust, challenging models, and identifying anomalies in assumptions made. For instance, there is an intrinsic inconsistency if a company claims to be on a pathway to 2 degrees while also valuing its assets on a business as usual basis.\u003C\u002Fp\u003E\n\u003Cp\u003EThere remains \u003Cstrong\u003Econfusion in the investment community over materiality\u003C\u002Fstrong\u003E. While all investors care about financial risks of climate change to the reporting company, different investors will care to different degrees about the impact a company’s activities might have on the climate or its contribution to wider sustainability goals. The work of the IFRS Foundation can provide useful clarity here.\u003C\u002Fp\u003E\n\u003Cp\u003EThe excellent recent work of the NGFS on climate scenarios has highlighted the great uncertainties involved in such calculations.  Even if we knew precise carbon pathways, the impact on the energy system would remain hugely uncertain, and any scenario chosen would be arbitrary.  \u003Cstrong\u003EAn alternative and simpler approach for the IFRS Foundation to consider could focus on confidence bounds for future energy prices.\u003C\u002Fstrong\u003E  Companies could be asked to assess their viability across this price band.  This would provide investors with a simple metric, which it would be straightforward to extend if alternative price assumptions were of interest.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EHow should the IFRS proceed?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EFrans Berkhout\u003C\u002Fstrong\u003E, \u003Cstrong\u003ELucrezia Reichlin\u003C\u002Fstrong\u003E, \u003Cstrong\u003EClara Barby\u003C\u002Fstrong\u003E and \u003Cstrong\u003ESheldon Mills\u003C\u002Fstrong\u003E closed the forum by discussing how the IFRS Foundation should proceed in this area.\u003C\u002Fp\u003E\n\u003Cp\u003EA big strategic question is whether to take a\u003Cstrong\u003E globally coordinated approach to develop climate reporting standards from the outset or to embrace regional competition for a period. \u003C\u002Fstrong\u003EPanellists saw clear benefits in starting with a global approach – this ultimately has a better chance of meeting investors' needs for a global reporting system. There was strong support for the IFRS Foundation in leading this process, drawing on other stakeholders' guidance.\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists then discussed whether the IFRS Foundation should proceed with a \u003Cstrong\u003E“climate first” approach\u003C\u002Fstrong\u003E, prioritising the development of climate-related disclosures before considering how wider sustainability factors should be reported. This was widely regarded as a sensible and pragmatic way forward. With the COP26 on the horizon, there was a real window of opportunity if the Foundation moved expeditiously.\u003C\u002Fp\u003E\n\u003Cp\u003EA key theme of the discussion was the \u003Cstrong\u003Eneed for a dynamic process\u003C\u002Fstrong\u003E that recognises that standards will need to evolve through time as our understanding of the risks improves. Moreover, there was no question that wider sustainability considerations affecting enterprise value would need to be considered down the road – the past year has demonstrated how quickly social attitudes can change. It would be wise to design reporting frameworks that can respond to these changes. In this regard, the IFRS Foundation might consider setting up a multi-stakeholder consultative committee to aid this dynamic process.\u003C\u002Fp\u003E\n\u003Cp\u003EFinally, the panel discussed \u003Cstrong\u003Ewhat success would look like\u003C\u002Fstrong\u003E for the IFRS Foundation’s work in this area. The right governance framework would be crucial – one that is regarded as legitimate and allows a large number of jurisdictions to sign up to the process; one that honours the needs of all stakeholders; and one that allows some countries to move ahead of others while also ensuring a consistent and common approach.\u003C\u002Fp\u003E\n\u003Ch4\u003EWatch the recording of the policy forum below:\u003C\u002Fh4\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=MOCTJvQE0LQ&feature=youtu.be"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Climate-Related Disclosures Policy Forum Blog & Video"},{"summary":"Professor David Aikman shares his thoughts on the use of economic history in central bank policy-making, after participating as a respondent at the Bank of England's 2-day conference on 'History and Policy-making'","entryThumbnail":null,"image":{"altText":"Bank of England","transformations":null,"caption":"","asset":{"entryTitle":"Bank of england","entryDescription":null,"sys":{"id":"27a248b5-318a-418f-aecf-0a9be40bc187","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002FBank-of-england.x04725666.jpg"}}},"regions":[],"topics":[{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"History","entryDescription":null,"entryThumbnail":null,"sys":{"id":"af54c998-b802-4e64-8ad5-3e3c9d49fd37","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2021-01-05T10:00:00","searchOptions":null,"entryDescription":"Professor David Aikman shares his thoughts on the use of economic history in central bank policy-making, after participating as a respondent at the Bank of England's 2-day conference on 'History and Policy-making'","relatedEvent":{"entryTitle":"History and Policy Making Conference with Bank of England","entryDescription":"A two-day event bringing together senior officials and academics to consider the contribution of historically informed inquiry to central bank policy making.","entryThumbnail":null,"sys":{"id":"8e8b0e60-a1f6-4316-88f3-4586d0cf6360","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[{"type":"links","value":{"linkLabel":"Banca d’Italia's bespoke working paper series ","url":"https:\u002F\u002Fwww.bancaditalia.it\u002Fpubblicazioni\u002Fquaderni-storia\u002Findex.html"}},{"type":"links","value":{"linkLabel":"Theory, Empirics and History – Three Perspectives for Policy-Making by Eric Monnet","url":"https:\u002F\u002Fbooksandideas.net\u002FWhy-Central-Bankers-Should-Read-Economic-History.html"}}],"title":"Central Banks & Economic History","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-12-17T12:04:55.7513374Z","versionNo":"7.0","modified":"2021-02-11T17:11:02.0793035Z","modifiedBy":"","published":"2021-02-11T17:11:12.5181672Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"bbc20b86-956a-41ae-8a6b-e8fb031ccf0b","projectId":"website","slug":"central-banks-and-economic-history","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EThe Qatar Centre of Global Banking and Finance recently organised a virtual conference with the Bank of England on the topic of 'History and Policymaking'. As part of the\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fhistory-and-policy-making-conference-with-bank-of-england\"\u003E programme\u003C\u002Fa\u003E, David Aikman (Director of the Centre) joined Eric Monnet (Paris School of Economics) to discuss Eric’s paper, ‘Theory, Empirics and History – Three Perspectives for Policy-Making’. David shares his thoughts below on the use of economic history in central bank policymaking.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Cp\u003EEric Monnet contends that economic history is essential for central bankers because it provides them with a third way to analyse policy questions, beyond economists’ traditional tools of theory and empirical analysis. History gives context, an understanding of the salience and uniqueness of today’s issues relative to the past. Eric’s piece on \u003Ca href=\"https:\u002F\u002Fbooksandideas.net\u002FWhy-Central-Bankers-Should-Read-Economic-History.html\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003ETheory, Empirics and History – Three Perspectives for Policy-Making\u003C\u002Fem\u003E\u003C\u002Fa\u003E provides interesting insights on how historical thinking can support the issues central banks are grappling with today.\u003C\u002Fp\u003E\n\u003Cp\u003EIn my remarks, I presented some freshly compiled statistics on the use of economic history at central banks. I looked at working papers published since 2000 by five leading central banks: The Bank of England, the Federal Reserve Board, the ECB, the Banque de France and the Bank of Canada. \u003Cem\u003E(This analysis could usefully be expanded to other central banks. For instance, the Banca d’Italia has a well-regarded bespoke working paper series dedicated to economic history research, a link to which is \u003Ca href=\"https:\u002F\u002Fwww.bancaditalia.it\u002Fpubblicazioni\u002Fquaderni-storia\u002Findex.html\"\u003Ehere\u003C\u002Fa\u003E.)\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EI classified a paper as applying economic history methods if, based on its title and abstracts, it either: (a) uses a long-run dataset, extending back prior to WWII, or (b) provides a substantial analysis of a historical period (pre-1990) or of an economic theory. Of the 6606 papers published by these institutions, 118 met these criteria.\u003C\u002Fp\u003E\n\u003Cp\u003EFigure 1 below plots the number of working papers published per annum by these central banks meeting these criteria. The step-change in economic history research since the global financial crisis is striking. Between 2000 and 2009, around three economic history papers were published between these central banks per year. Since 2010, that figure has risen to almost eight papers per year. Expressed as a per cent of total working papers published, central banks’ research output on history has increased from 1.2% of papers published to 2.2% after 2010.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Figure 1","asset":{"entryTitle":"Picture1","entryDescription":null,"sys":{"id":"4ae38941-effa-4887-9795-a6ad889c0608","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fmisc-business-pics\u002Fpicture1.x6879ff08.png"}}}},{"type":"markup","value":"\u003Cp\u003EFigures 2 and 3 below break this down by central bank. All have expanded their economic history research over the period. The increase has been especially stark at the Bank of England and Banque de France. Before 2010, these institutions produced very little economic history research: only three such papers were published by the Bank of England in that decade and only one by the Banque de France. Since 2010, their output has increased substantially. In contrast, economic history has been an established line of research at the Fed Board, with a consistent flow of papers throughout the two decades. \u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Figure 2","asset":{"entryTitle":"Picture2","entryDescription":null,"sys":{"id":"750332c2-71c0-478c-88e3-a93ef739a3d1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fmisc-business-pics\u002Fpicture2.x786f4808.png"}}}},{"type":"image","value":{"altText":"","transformations":null,"caption":"Figure 3","asset":{"entryTitle":"Picture3","entryDescription":null,"sys":{"id":"31756510-4eae-4996-b1f7-15a9885daf81","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fmisc-business-pics\u002Fpicture3.x073ad9e9.png"}}}},{"type":"markup","value":"\u003Cp\u003EThis trend is not simply a reflection of what’s happening in the wider economics profession: according to EconLit, the proportion of economic history papers published in refereed journals has remained pretty flat at 0.2% over the past two decades.\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003EWhat topics are central banks studying using economic history methods? \u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EFigure 4 below answers this question. Each segment shows the proportion of economic history papers published on the topic listed. The most researched topics are macroeconomics-focused (business cycles, economic growth, and monetary regimes) and financial stability-focused (on crises, regulation, and central banks’ liquidity frameworks). Whilst this is perhaps unsurprising, it’s interesting that two of the hottest topics facing central banks right now -- the impact elevated public levels will have on monetary and financial stability and the advent of digital currencies and the nature of money -- have attracted relatively little research.  I expect this to change in the years ahead.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Figure 4","asset":{"entryTitle":"Picture4","entryDescription":null,"sys":{"id":"3092e7d8-074e-4ac7-92c8-306b75ce0e0b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fmisc-business-pics\u002Fpicture4.x35fe7e9b.png"}}}},{"type":"markup","value":"\u003Cp\u003EI concluded my talk with some thoughts on how central banks can cement the gains made in this area in the past decade. With new historical datasets created and information from central banks’ archives made publicly available, this is likely to foster a self-fulfilling process of continued research in this area. It’s important though that those making hiring and appraisal decisions at central banks emphasise the value in this line of research. That means referencing economic history papers in speeches and policy documents. It also means retaining researchers with expertise in this area, who can help guard the institutional memory of these institutions. In this respect, it’s unfortunate that the Bank of England’s recently revamped \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fresearch\u002Fbank-of-england-agenda-for-research\"\u003Eresearch strategy\u003C\u002Fa\u003E makes no mention of the essential role of historical analysis.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Central Banks & Economic History"},{"summary":"The Young Economist prize will be awarded to the best paper submitted on the conference topic.","entryThumbnail":null,"image":{"altText":"QCGBF YE PRIZE","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"QCGBF YE PRIZE","entryDescription":null,"sys":{"id":"06038559-1f13-4686-964e-e19199cc1f80","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize.xbe7b78cb.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-03-22T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The Young Economist prize will be awarded to the best paper submitted on the conference topic.","relatedEvent":{"entryTitle":"Qatar Centre for Global Banking & Finance Conference 2022: The Role of Central Banks in a Transforming World","entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 2nd annual conference in London on 5 & 6 July 2022.","entryThumbnail":null,"sys":{"id":"ca89ca7a-ce9a-4c75-a4a3-34b730a24cc3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Young Economist Prize Competition 2022","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-03-25T12:23:54.9785929Z","versionNo":"7.0","modified":"2023-04-26T10:30:26.8397147Z","modifiedBy":"k1812479","published":"2023-04-26T10:30:40.951628Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7cb34e56-96e1-4541-906d-157660aa666d","projectId":"website","slug":"young-economist-prize-2022","properties":{}},"intranet":true,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EThe Qatar Centre for Global Banking and Finance’s Young Economist Prize\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Young Economist Prize is an annual competition run by the Qatar Centre for Global Banking and Finance. It is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). The winning paper will be awarded a £5,000 prize.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Young Economist prize will be awarded to the best paper submitted on the annual conference topic. It is open to PhD students of all nationalities who are currently enrolled on a programme in economics or finance (or a related field). \u003Cu\u003EThe winning paper will be awarded a £5,000 prize.\u003C\u002Fu\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EApplication Entry Criteria\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Col\u003E\n\u003Cli\u003EApplicants must be currently enrolled on a PhD programme in economics or finance (or related field). In the case of co-authored papers, all co-authors must have completed their PhD no more than five years ago.\u003C\u002Fli\u003E\n\u003C\u002Fol\u003E\n\u003Cp\u003EThe next Young Economist Prize competition will take place in Spring 2023. To learn more about the centre and to be notified when applications are open, please \u003Ca href=\"https:\u002F\u002Fkcl.us17.list-manage.com\u002Fsubscribe?u=d3bdf808a472d19ee11de9d62&id=700f0a2438\" target=\"_blank\" rel=\"noopener\"\u003Ejoin our mailing list.\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Young Economist Prize Competition 2022"},{"summary":"The Qatar Centre for Global Banking and Finance at King's Business School is pleased to introduce the new QCB Speaker Series, launching in April 2021.","entryThumbnail":null,"image":{"altText":"A river view of London.","transformations":"w=1501&h=440&crop=780,440,361,0","caption":"","asset":{"entryTitle":"int-school-business","entryDescription":null,"sys":{"id":"c4d9cd3d-2c4d-43ff-9f61-fee2791c2c75","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002Fhomepageimages\u002FCarousel-Images\u002Fint-school-business.x3dd90390.jpg?w=1501&h=440&crop=780,440,361,0"}}},"regions":[{"entryTitle":"Middle East","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b26ff95a-77e0-4abb-9d97-dac2ca15c0eb","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}},{"entryTitle":"Europe","entryDescription":null,"entryThumbnail":null,"sys":{"id":"bd59677c-1de6-47c2-ad9d-542e6c479ea3","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Covid-19","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ac3a17a1-565e-4c98-a69e-7bad092c10e7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2021-04-08T00:00:00","searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking and Finance at King's Business School is pleased to introduce the new QCB Speaker Series, launching in April 2021.","relatedEvent":null,"relatedLinks":[],"title":"The Qatar Centre for Global Banking and Finance introduces new Speaker Series addressing the challenges COVID-19 poses for central banks","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-04-08T11:26:22.4158543Z","versionNo":"2.0","modified":"2021-04-08T11:27:18.113764Z","modifiedBy":"","published":"2021-04-08T11:27:28.5361971Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"49835d20-8787-454b-b966-9b370606a7f5","projectId":"website","slug":"the-qatar-centre-for-global-banking-and-finance-introduces-new-speaker-series-addressing-the-challenges-covid-19-poses-for-central-banks","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EThe Qatar Centre for Global Banking and Finance at King's Business School is pleased to introduce the new \u003Cem\u003EQCB Speaker Series\u003C\u002Fem\u003E, launching in April 2021.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe series will be delivered to Qatar Central Bank staff and will focus on the practical aspects of monetary and financial stability policymaking. The speaker series will also be open to the wider financial community in Qatar.\u003C\u002Fp\u003E\n\u003Cp\u003EHE Sheikh Abdullah Bin Soud Al-Thani, the Governor of Qatar Central Bank, said:\u003C\u002Fp\u003E\n\u003Cp\u003E\"COVID-19 and its economic impact continues to pose many challenges to central banks and the financial sector globally. This speaker series aims to address these issues by sharing best practice and recent research in monetary policy and financial stability analysis. These training programmes are part of our strategic goal on capacity development within Qatar Central Bank as well as in the financial sector fraternity in conjunction with the Qatar National Vision 2030.\"\u003C\u002Fp\u003E\n\u003Cp\u003EThe Centre's Directors, David Aikman, Professor of Finance and Francesca Monti, Doctor of Economics and Statistics, will deliver the QCB speaker series' first lectures.\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Aikman, the Centre's Director, said: \"The programme we have developed will provide attendees with a solid grounding in two core areas of modern central banking: monetary policy and financial stability policy. These policies have been centre stage in mitigating the effects of COVID-19 on the global financial system. The courses will be valuable both to those currently working in these areas at central banks and those interested in learning more about these areas of policy.\"\u003C\u002Fp\u003E\n\u003Cp\u003EThe\u003Cem\u003E QCB Speaker Series\u003C\u002Fem\u003E will be delivered online, starting 7 April 2021.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EAbout the Qatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policymaking, ranging from monetary policy to financial stability and regulation. The Centre was established in 2019 by King's Business School with funding from Qatar Central Bank and support from its Governor, His Excellency Sheikh Abdulla Bin Saoud Al-Thani.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAbout King's Business School\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EKing's Business School, the ninth and newest faculty at King's College London, opened in 2017.\u003C\u002Fp\u003E\n\u003Cp\u003EIts vision is to set a new direction for business education and research, combining the agility of a start-up with the heritage of King's, and to build the UK's premier undergraduate business school in conjunction with top quality specialist master's programmes. With an emphasis on relevance and diversity, the faculty fosters an entrepreneurial mindset in students ready to embrace business and society's opportunities and challenges.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Business School is housed in the centre block of Bush House, the BBC World Service's former headquarters.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"The Qatar Centre for Global Banking and Finance introduces new Speaker Series addressing the challenges COVID-19 poses for central banks"},{"summary":" Governor of Qatar Central Bank addresses conference on the challenges facing central banks in the 2020s","entryThumbnail":null,"image":{"altText":"Image of Lord Geidt and His Excellency Governor Sheikh Abdulla Bin Saoud Al-Thani speaking via the virtual conference platform","transformations":"w=782&h=440&crop=780,440,1,0","caption":"His Excellency Governor Sheikh Abdulla Bin Saoud Al-Thani and Lord Christopher Geidt open the inaugural Annual Conference of the Qatar Centre for Global Banking and Finance","asset":{"entryTitle":"QCBGF conference screenshot Lord G and Governor","entryDescription":null,"sys":{"id":"756324e0-a46e-4faf-9076-46103cc33dea","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcbgf-conference-screenshot-lord-g-and-governor.x08efec90.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2021-05-17T14:35:00","searchOptions":null,"entryDescription":" Governor of Qatar Central Bank addresses conference on the challenges facing central banks in the 2020s","relatedEvent":{"entryTitle":"Annual Conference: Challenges facing Central Banks in the 2020s - Qatar Centre for Global Banking and Finance","entryDescription":"King’s Business School is delighted to announce the Annual Conference of the Qatar Centre for Global Banking and Finance will be held online on the 17 & 18 May 2021.","entryThumbnail":null,"sys":{"id":"a157bf8e-c839-4ff7-a820-9962fcd68c45","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Central banks are facing some of the most challenging circumstances in their history","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1808181","created":"2021-05-17T08:34:38.106849Z","versionNo":"1.0","modified":"2021-05-17T13:33:03.4831908Z","modifiedBy":"k1812479","published":"2021-05-17T13:37:38.9700064Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"79e7fb44-aa9d-434e-9751-cb6cbca05996","projectId":"website","slug":"central-banks-are-facing-some-of-the-most-challenging-circumstances-in-their-history","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EHis Excellency Sheikh Abdulla Bin Saoud Al-Thani, the Governor of Qatar Central Bank, addressed the inaugural annual conference of the Qatar Centre for Global Banking and Finance at King’s Business School today. He highlighted the extent to which the Covid-19 crisis has intensified the challenges facing central banks, which must now not only address sharp economic downturns but also take on board the emergence of new technologies and changing societal expectations.\u003C\u002Fp\u003E\n\u003Cp\u003EIn his opening remarks His Excellency said:\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"One year into the pandemic, global growth prospects once again appear to be uncertain after showing some signs of recovery in the beginning of the year. The recent projections by the IMF indicate that growth will rebound to six per cent in 2021, after taking into account the concerted efforts on vaccination and support measures.","source":"His Excellency Sheikh Abdulla Bin Saoud Al-Thani, Governor of Qatar Central Bank"}},{"type":"markup","value":"\u003Cp\u003EHe observed that:\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"The actions and voices of each one of us – be it regulators, policymakers and academics - can have significant impact towards developing a stable and more resilient financial system.","source":"His Excellency Sheikh Abdulla Bin Saoud Al-Thani, Governor of Qatar Central Bank"}},{"type":"markup","value":"\u003Cp\u003EHis Excellency concluded by stating:\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"The ideas and discussions over the next couple of days will provide useful practical insights that will enable central banks to improve their decision making to ensure safe, sound and more resilient economies in the years ahead.","source":"His Excellency Sheikh Abdulla Bin Saoud Al-Thani, Governor of Qatar Central Bank"}},{"type":"markup","value":"\u003Cp\u003EHeld over two days, the inaugural conference brings together more than 30 researchers and policy-makers from influential central banks, think tanks and leading universities as speakers and panellists to discuss the challenges facing central banks in the 2020s. The final session of the conference will be a prize-giving event to announce the winner of the Centre’s Young Economist Prize.\u003C\u002Fp\u003E\n\u003Cp\u003ELord Geidt, Chairman of the King’s College London Council, who welcomed His Excellency to the conference on behalf of the university, added:\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"The founding ethos of King’s is simply to make the world a better place. This mission has never been more significant. The college was built on an ambition to serve society, and during the past year we have achieved this through our leading contributions to fighting Covid-19. The Qatar Centre for Global Banking and Finance is playing its role in supporting King’s mission too. On behalf of King’s College London, I want to extend my gratitude to Qatar Central Bank and its employees for the advice, guidance and support that it has provided to the Centre.","source":"Lord Geidt, Chairman of King's College London Council"}},{"type":"markup","value":"\u003Cp\u003EProfessor David Aikman, Director of the Centre outlined some of the conference’s major themes:\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Even before the pandemic, central banks were facing a host of profound challenges. They have been expanding their mandates for quite some time, while their traditional tools seem to be reaching the limits of their effectiveness. At the same time, central banks have been trying to keep pace with the rapid transformation we are seeing in our societies, particularly with regard to digitalisation and innovation. In the past year, these challenges have intensified enormously.\n \n","source":null}},{"type":"quote","value":{"text":"While vaccines may be providing a light at the end of the tunnel for high income countries, we have seen sharp and deep recessions around the world. The massive support packages governments have put in place will affect public finances for decades to come, raising significantly the policy challenges facing central banks. \n\n","source":null}},{"type":"quote","value":{"text":"Against this backdrop, it is also now clear that the financial system has a vital role to play in supporting the recovery and central banks will be an important player in this endeavour. In this context, events such as this are a great occasion for cross-fertilising ideas and spurring new research collaborations that will have positive real impact.\n","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance"}},{"type":"markup","value":"\u003Cp\u003EThe Qatar Centre for Global Banking and Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policymaking, ranging from monetary policy to financial stability and regulation. The Centre was established in 2019 by King's Business School with funding from Qatar Central Bank.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCBPromo","entryDescription":null,"sys":{"id":"13f0e41e-ff9e-438d-b14b-15eb009df2e2","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcbpromo.xf861cb7f.jpg"}}},"text":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\"\u003EFind out more about the Qatar Centre for Global Banking and Finance and its work\u003C\u002Fa\u003E\u003C\u002Fp\u003E","align":"Left"}},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=fTxSEUyfIu4"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Central banks are facing some of the most challenging circumstances in their history"},{"summary":"Congratulations to the winners of the 2021 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance. ","entryThumbnail":null,"image":{"altText":"YE Prize 2021 Finalists","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"YE Prize 2021 Finalists","entryDescription":null,"sys":{"id":"086763a5-96ab-4f0d-bc99-96cea1e377eb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fye-prize-2021-finalists.x0768a3ca.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2021-05-24T14:00:00","searchOptions":null,"entryDescription":"Congratulations to the winners of the 2021 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance. ","relatedEvent":{"entryTitle":"Annual Conference: Challenges facing Central Banks in the 2020s - Qatar Centre for Global Banking and Finance","entryDescription":"King’s Business School is delighted to announce the Annual Conference of the Qatar Centre for Global Banking and Finance will be held online on the 17 & 18 May 2021.","entryThumbnail":null,"sys":{"id":"a157bf8e-c839-4ff7-a820-9962fcd68c45","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Young Economist Prize Competition 2021","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-05-21T11:12:23.1952516Z","versionNo":"8.0","modified":"2023-03-20T10:31:07.7251611Z","modifiedBy":"k1812479","published":"2023-03-20T10:31:25.3761863Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"202ceab5-10a4-4630-9ee6-6c7066c2e18f","projectId":"website","slug":"young-economist-prize-competition","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe Young Economist Prize is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). PhD Students were asked to submit a research paper on the theme of this year's Qatar Centre for Global Banking and Finance's Conference: \u003Cem\u003EChallenges facing Central Banks in the 2020s’.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe Selection Committee comprised: Silvana Tenreryo (Bank of England & London School of Economics), Dimitri Vayanos (London School of Economics) and Martin Weale (King’s College London).\u003C\u002Fp\u003E\n\u003Cp\u003EEight finalists were shortlisted for the award and were given the opportunity to present their research paper at the 2021 Conference as a pre-recorded presentation. The winners were announced by Professor Martin Weale during the Prize Giving Event on day two of the Conference. The 2021 competition attracted many high-quality submissions that impressed the selection panel. The winning paper received a £5000 cash prize, and the two runner-up papers were awarded a prize of £1000 each.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"YE Prize Winners 2021","entryDescription":null,"sys":{"id":"8509b705-41a4-421e-9c94-d0fff23f786b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fye-prize-winners-2021.x8d556f17.png"}}}},{"type":"markup","value":"\u003Ch3\u003EYoung Economist Prize 2021 Winners\u003C\u002Fh3\u003E\n\u003Ch5\u003EAlessandro Lin (Winner), Brown University:  \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841050350.pdf\"\u003EMonetary Policy and Payment-to-Income Limits in Liquidity Traps\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=dA0pB3cMSkA&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=6&t=4s"},{"type":"markup","value":"\u003Ch5\u003EShohini Kundu (Runner-up), University Of Chicago: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620840931884.pdf\"\u003EThe Externalities of Fire Sales Evidence from Collateralized Loan Obligations\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=z1trjez8hag&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=7"},{"type":"markup","value":"\u003Ch5\u003ERustam Jamilov (Runner-up), London Business School: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841176496.pdf\" target=\"_blank\" rel=\"noopener\"\u003EA Macroeconomic Model with Heterogeneous Banks\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=vPoyxq8orCc&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=2"},{"type":"markup","value":"\u003Ch3\u003EFinalists\u003C\u002Fh3\u003E\n\u003Ch5\u003EOliver Pfäuti, University Of Mannheim: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620909314573.pdf\"\u003EInflation - who cares? Monetary Policy in Times of Low Attention\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=re-vIJEjLSY&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=3"},{"type":"markup","value":"\u003Ch5\u003EDiego R. Känzig, London Business School: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841210596.pdf\"\u003EThe economic consequences of putting a price on carbon\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=fj57Bd1hAmc&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=4"},{"type":"markup","value":"\u003Ch5\u003EChristoph Lauper, University of Lausanne: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620841018276.pdf\"\u003EMonetary policy shocks and inflation inequality\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=3gM8lPhO8qo&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=5"},{"type":"markup","value":"\u003Ch5\u003EJian Li, University Of Chicago: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620840890998.pdf\"\u003EThe Importance of Investor Heterogeneity: An Examination of the Corporate Bond Market\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=e1gwrDSKEzk&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=8"},{"type":"markup","value":"\u003Ch5\u003EEzgi Kurt, University Of California, Davis: \u003Ca href=\"https:\u002F\u002Fd1keuthy5s86c8.cloudfront.net\u002Fstatic\u002Fems\u002Fupload\u002Ffiles\u002Fdoc_qcgbf_202007_1620840845671.pdf\"\u003EThe Role of Corporate Tax Policy on Monetary Effectiveness: A Quasi-Experimental Approach\u003C\u002Fa\u003E\u003C\u002Fh5\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=LVTAnBfp7wg&list=PL_fWsolP_ysNPQHrBRE0t84Z-iQMXqwgH&index=9"},{"type":"markup","value":"\u003Cp\u003EFind out more about the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Young Economist Prize Competition 2021"},{"summary":"The Qatar Centre for Global Banking and Finance's inaugural Annual Conference took place on Monday 17 and Tuesday 18 May 2021. The Conference featured 34 speakers from central banks, think tanks, and leading universities to discuss central banks' current challenges.","entryThumbnail":null,"image":{"altText":"Qatar Doha skyline","transformations":null,"caption":"","asset":{"entryTitle":"Qatar skyline 780 440","entryDescription":null,"sys":{"id":"8324e232-c2b5-4c98-8a8f-ef30f510d0e3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Ffaculty-top-level\u002Fmain\u002Fqatar-skyline-780-440.xe9744ea3.jpg"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2021-07-05T00:00:00","searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking and Finance's inaugural Annual Conference took place on Monday 17 and Tuesday 18 May 2021. The Conference featured 34 speakers from central banks, think tanks, and leading universities to discuss central banks' current challenges.","relatedEvent":{"entryTitle":"Annual Conference: Challenges facing Central Banks in the 2020s - Qatar Centre for Global Banking and Finance","entryDescription":"King’s Business School is delighted to announce the Annual Conference of the Qatar Centre for Global Banking and Finance will be held online on the 17 & 18 May 2021.","entryThumbnail":null,"sys":{"id":"a157bf8e-c839-4ff7-a820-9962fcd68c45","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Challenges facing central banks in the 2020s","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-07-05T10:40:26.9652621Z","versionNo":"2.0","modified":"2021-07-05T12:29:04.6162515Z","modifiedBy":"","published":"2021-07-05T12:29:16.3904361Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"13048522-2627-4412-ab91-b5cdecd95305","projectId":"website","slug":"challenges-facing-central-banks-in-the-2020s-conference","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Timothy Foreman","entryDescription":"Postdoctoral Research Associate, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"40e544c8-d183-42ee-ac70-288fd8d2dd59","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Anastasia Allayioti (Postdoctoral Research Associate), Timothy Foreman (Postdoctoral Research Associate), Chetun Patel","articleContent":[{"type":"markup","value":"\u003Cp\u003EProfessor Lucrezia Reichlin (London Business School) and Lord Macpherson of Earl's Court (former Permanent Secretary to the UK Treasury) delivered the Conference's keynote addresses.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF CONF lucrezia","entryDescription":null,"sys":{"id":"6f2eb7e1-5856-44c2-950f-55b952cf6342","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-lucrezia.xf37d5a04.png"}}},"text":"\u003Cp\u003EProfessor Reichlin discussed the future of monetary policy, drawing on the example of the European Monetary Union. She noted that the recent changes in the size and composition of central banks' balance sheets are becoming the new normal, with important implications for the institutional design of central banks. The need for bridging the gap between monetary and fiscal policies was noted, and emphasis was placed on the importance of the credibility of their fiscal backing and on a degree, albeit limited and contingent, of coordination among the fiscal and monetary policy authorities.\u003C\u002Fp\u003E","align":"Right"}},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF CONF lord","entryDescription":null,"sys":{"id":"097f3cf9-36dd-4976-9d2d-24243231a213","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-lord.x6ec9a097.png"}}},"text":"\u003Cp\u003ELord Macpherson discussed the future of central bank independence by looking at the 327-year relationship between the Treasury and the Bank of England. The severity of the coordination problem between monetary and fiscal policy was asymmetric, he argued. In an economic downturn, both are pulling in the same direction as they attempt to stimulate the economy. Nevertheless, if inflation were to rise, the Bank of England would need to raise interest rates, increasing the debt financing burden to the Treasury. The objectives of the two authorities would be divergent in that case.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch2\u003EDay 1 Recap\u003C\u002Fh2\u003E\n\u003Ch3\u003ESession 1: Covid-19 and the Macroeconomy\u003C\u002Fh3\u003E\n\u003Cp\u003EFlorin Bilbiie (University of Lausanne) presented his work \"\u003Cem\u003EAggregate-Demand Amplification of Supply Disruptions: The Entry-Exit Multiplier\", \u003C\u002Fem\u003Eexamining the role that firm entry and exit can play in amplifying supply shocks, with the experience of the Covid-19 recession as an example. The work emphasises the role of an \"entry-exit multiplier\", highlighting that price rigidities can accelerate the closing of businesses in response to a supply disruption. The model can capture several observed characteristics of supply-led recessions. Namely, the output below an economy's potential and a decrease in total hours worked, which have not been well-captured by other New Keynesian models.\u003C\u002Fp\u003E\n\u003Cp\u003EAmbrogio Cesa-Bianchi (Bank of England) presented \u003Cem\u003E'The Transmission of Keynesian Supply Shocks'\u003C\u002Fem\u003E, which finds empirical evidence that sectoral supply shocks can lead to a fall in aggregate demand due to the possible complementarity across products, by looking at sectoral data for the United States. He also presented a multi-sector model with input\u002Foutput linkages, which make sense of the empirical results and matches the data quite well generally for the dynamics of the economy within a recession.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF CONF sess 1","entryDescription":null,"sys":{"id":"a094714f-fc17-4802-bf2a-000b7a839dc2","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-1.x999ed59d.png"}}},"text":"\u003Cp\u003EWhile Florin stressed the insights of a simple, tractable model that captures essential dynamics of firm entry and exit and its role in recessions, Ambrogio highlighted the advantages of taking theoretical predictions to the data to distinguish between different possibilities. Both approaches are necessary to understand the unusual events of the past year and inform policy to facilitate a quick recovery.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch3\u003ESession 2: Negative Interest Rate Policy\u003C\u002Fh3\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Matthias Rottner (European University Institute, Kristina Bluwstein (Bank of England)","asset":{"entryTitle":"QCGBF CONF sess 2a","entryDescription":null,"sys":{"id":"f17595c7-70bb-4344-825f-9664bb20455d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-2a.xa5a8c1d8.png"}}},"text":"\u003Cp\u003EThe first paper presented by Florian Heider (European Central Bank), \u003Cem\u003E\"Why So Negative? The Effect of Monetary Policy on Bank Credit Supply across the Euro Area\", \u003C\u002Fem\u003Eoffered a unified view of the multiple channels of monetary-policy transmission in a heterogeneous currency union, zooming in on the role of banks' credit supply. Focusing on the euro-area, the authors distinguish between core and periphery countries, emphasising how the traditional bank capital channel dominates in the latter countries while a 'novel' deposit channel is at play in the former ones. The paper's findings have broader implications for the distributional effects of different models of monetary policy transmission in currency unions and when the presence of heterogeneity is particularly prominent.\u003C\u002Fp\u003E","align":"Right"}},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Florian Heider (European Central Bank), Skander van den Heuvel (Board of Governors of the Federal Reserve)","asset":{"entryTitle":"QCGBF CONF sess 2b","entryDescription":null,"sys":{"id":"b5c3605e-2010-49d3-9d00-cabeb0357a3e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-2b.xb61745ac.png"}}},"text":"\u003Cp\u003EThe second paper, \u003Cem\u003E\"Reversal Interest Rate and Macroprudential Policy\", \u003C\u002Fem\u003Epresented by Matthias Rottner (European University Institute), discussed the conditions that can give rise to a reversal interest rate, the rate at which the usual monetary transmission mechanism through the banking sector breaks down and monetary policy loosening generates a contractionary rather than expansionary effect. The authors advance a newly developed non-linear general equilibrium model with a bank lending channel and calibrate it to match salient features of the euro area economy for the current low-interest-rate environment. This work illustrates that the risk of entering this reversal rate territory creates a new motive for macroprudential policy, with evidence demonstrating that adopting a countercyclical capital buffer can lower the probability of hitting the reversal interest rate. Moreover, the proposed framework creates a new strategic complementarity between negative interest rates and macroprudential policies.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch3\u003ESession 3: Monetary Policy Frameworks\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF CONF sess 3a","entryDescription":null,"sys":{"id":"8814f81e-38a0-4225-8a61-fee5cce78974","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-3a.xd6f62522.png"}}},"text":"\u003Cp\u003ELeonardo Melosi (Federal Reserve Bank Chicago) presented \u003Cem\u003E\"Hitting the Elusive Inflation Target\u003C\u002Fem\u003E\u003Cem\u003E,\u003C\u002Fem\u003E which recommended that a central bank with a symmetric inflation target adopt an asymmetric strategy in a low-interest-rate environment. The reason is that individuals anticipate that the low rates will constrain the policymaker's response, and this in itself puts deflationary pressure. The policymaker would combat this deflationary bias by committing to an asymmetric strategy that responds less aggressively when inflation is above target.\u003C\u002Fp\u003E","align":"Left"}},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Oliver Pfäuti (University of Mannheim), Caterina Mendicino (European Central Bank)","asset":{"entryTitle":"QCGBF CONF sess 3b","entryDescription":null,"sys":{"id":"fff05938-a189-4222-93d1-6920cb6437e1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-3b.x6bd8e7d6.png"}}},"text":"\u003Cp\u003EThe second paper, \u003Cem\u003E\"Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target\" \u003C\u002Fem\u003Epresented by Oliver Pfäuti (University of Mannheim), proposed a model linking house price volatility to monetary policy constrained by the zero lower bound. As long-term interest rates have fallen, subjective beliefs, such as optimism in a rising market, have caused an amplification in house price responses. This increased volatility has been replicated in the long-term rate and consequently poses a greater risk of hitting the zero lower bound. Therefore, the model implies that the closer the long-term rate is to zero, the higher the optimal inflation obtained compared to a rational expectations model. However, the wider implications are for asset prices to be included within the central bank mandate, whether in terms of the optimal inflation target or macroprudential measures.\u003C\u002Fp\u003E","align":"Left"}},{"type":"markup","value":"\u003Ch3\u003EPanel 1: What next for monetary policy?\u003C\u002Fh3\u003E\n\u003Cp\u003EThe first day concluded with a panel chaired by Tobias Adrian (International Monetary Fund) featuring Argia Sbordone (Federal Reserve Bank of New York), Frank Smets (European Central Bank) and Gertjan Vlieghe (Bank of England). The four panel members offered their perspectives on what is next for monetary policy regarding monetary policy tools and frameworks, and outlook.\u003C\u002Fp\u003E\n\u003Cp\u003EIn developed economies, there has been a strong support to the economy from both fiscal and monetary policy. There will need to be a careful assessment of the dynamics of labour markets and the persistence of the building cost pressures as it returns to normal functioning, the stimulus policy unwinds. Prices can be expected to be volatile over the next year. However, monetary policy should focus on the medium-term outlook and not react too quickly to inflation rises that may be temporary. As supply constraints ease, the economy may require further stimulus to facilitate the transition to normalcy. The Phillips curve had been extremely flat in recent years but could be expected to steepen in future. Varying levels of support were voiced for adding negative interest rates as a potential means for additional stimulus for the economy in a low-rate environment.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Panel 1: What next for monetary policy?","asset":{"entryTitle":"QCGBF CONF panel 1","entryDescription":null,"sys":{"id":"8dcf0c94-198c-48f6-b41d-fc9693efc2b5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-panel-1.xd6c96c5e.png"}}},"text":"\u003Cp\u003EParticipants discussed central banks' role in supporting the transition to a low carbon economy. In the Bank of England and the European Central Bank framework, the monetary policy committee's mandate is primarily to ensure price stability. Risks from climate change were thought to be more pertinent for financial stability policy and were being analysed via climate risk stress tests.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch2\u003EDay 2 Recap\u003C\u002Fh2\u003E\n\u003Ch3\u003ESession 4: Central Bank Decision-Making and Communication\u003C\u002Fh3\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Financial Stability Governance and Central Bank Communications\", presented by Juan M. Londono. Discussant: Stephen Hansen (Imperial College Business School)","asset":{"entryTitle":"QCGBF CONF sess 4 hansen","entryDescription":null,"sys":{"id":"0f8d96e6-83c1-41bf-b44b-80c2b696bf98","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-4-hansen.xa5c88cf9.png"}}},"text":"\u003Cp\u003EThe first paper, \u003Cem\u003E\"Financial Stability Governance and Central Bank Communications\", \u003C\u002Fem\u003Epresented by Juan M. Londono (Board of Governors of the Federal Reserve), provided novel evidence on the interaction between financial stability communications and central banks' governance and oversight frameworks. Utilising text analysis techniques, it documents that the effect of communication on the evolution of the financial cycle critically depends on differences in governance frameworks across central banks. A comparison across institutions with different financial stability governance characteristics shows that, following a deterioration of financial conditions, central banks participating in interagency financial stability committees transmit a calmer message with an alleviating effect.\u003C\u002Fp\u003E","align":"Right"}},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"\"Voting Right Rotation and the Behaviour of Committee Members – a Case Study of the US Federal Open Market Committee\", presented by Michael Ehrmann (European Central Bank) Discussant: Michael MacMahon (University of Oxford)","asset":{"entryTitle":"QCGBF CONF sess 4 erhman","entryDescription":null,"sys":{"id":"7710c9f7-5cc3-41ab-9453-7b932256b4c3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-4-erhman.x5b442726.png"}}},"text":"\u003Cp\u003EThe second paper, \u003Cem\u003E\"Voting Right Rotation and the Behaviour of Committee Members – a Case Study of the US Federal Open Market Committee\",\u003C\u002Fem\u003E presented by Michael Ehrmann (European Central Bank), investigated whether voting rights affect the behaviour of committee members. Focusing on the Federal Reserve Bank, the empirical results suggest that presidents who have voting rights are more involved and tend to focus more on regional economic conditions. In addition, the evidence shows that financial market participants react less strongly to presidents' speeches when they are voting. Although surprising, the authors argue that if the speeches by presidents with voting rights emphasise regional economic conditions, market participants will find it relatively easier to extract relevant information about the upcoming monetary policy decisions from the speeches by presidents without voting rights.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch3\u003ESession 5: Shadow Banking and Capital Flows\u003C\u002Fh3\u003E\n\u003Cp\u003EThis session analysed two aspects of the global financial system that have played a role in past financial crises – shadow banking and capital flows.\u003C\u002Fp\u003E\n\u003Cp\u003EThe first paper, \u003Cem\u003E\"Central Banking and Shadow Banks\u003C\u002Fem\u003E\", presented by Quentin Vandeweyer (Chicago Booth), modelled the impact of the growth of shadow banks on central bank practices. It captured policymakers' concerns that many market liquidity providers are outside of their regulatory reach and thus prevented from access to central bank liquidity. These shadow banks are increasingly prevalent relative to traditional banks, which has driven central banks to pursue increasingly unconventional policies.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Central Banking and Shadow Banks\", presented by Quentin Vandeweyer (Chicago Booth) Discussant: Roland Meeks (International Monetary Fund)","asset":{"entryTitle":"QCGBF CONF sess 5 roland","entryDescription":null,"sys":{"id":"9a86d424-3966-4a6e-ba9c-f431bab668d2","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-5-roland.x99359d77.png"}}},"text":"\u003Cp\u003EThe asset pricing model determines that only a large-scale asset purchase programme can stabilise asset prices when the shadow banking sector is significant. However, there is a limit to this, as macroeconomic efficiencies deteriorate with the increasing number of assets on the central bank balance sheet, reflecting their lack of expertise in owning these assets. This issue goes to the heart of one of the central banks' core functions – the backstop liquidity provider. Where are the limits as the buyer of last resort? If unconditional and unlimited, then it can create excessive risk-taking by shadow banks. However, if shadow banks provide other functions to banks, then central banks could alter the cost of regulatory coverage offered to those currently outside the system. The paper advocates that central banks consider either opening up their liquidity facilities to shadow banks or they employ market-maker of last resort operations to influence asset market liquidity directly.\u003C\u002Fp\u003E","align":"Left"}},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":" “How Does International Capital Flow?” by Andrej Sokol (European Central Bank), Genevieve Nelson (Danmarks National Bank)","asset":{"entryTitle":"QCGBF CONF sess 5 gen","entryDescription":null,"sys":{"id":"e3bb2047-fadc-4e52-9752-31224656a513","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-5-gen.xd5d3ab43.png"}}},"text":"\u003Cp\u003EThe second paper, \u003Cem\u003E\"How Does International Capital Flow?\"\u003C\u002Fem\u003E presented by Andrej Sokol (European Central Bank), highlighted the importance of studying gross capital flows. Although empirical studies have shown its relevance, the theoretical models continue to use net flows. The model presented attempts to address this issue and demonstrate how gross flows can challenge some long-held assumptions. This approach tells a much richer story of the economic transmission mechanism. As an example, the paper demonstrates the limitations to policymakers of focusing on the current account deficit as evidence of a country's financial vulnerability. The model shows, as intuition would suggest, that greater relevance is attached to whether the total stock of debt can be refinanced in the face of a sudden stop. This would shift policymaker focus away from the current account adjustment process and instead look at the vulnerabilities in the refinancing process.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch3\u003ESession 6: Climate Risk and the Financial System\u003C\u002Fh3\u003E\n\u003Cp\u003EIrene Monasterolo (Vienna University of Economics and Business) presented \u003Cem\u003E\"On the Dependence of Investor's Probability of Default on Climate Transition Scenarios\",\u003C\u002Fem\u003E which examined investors' exposure to climate transition risks as policies are implemented to reduce economies' reliance on fossil fuels. The paper stresses the importance of the correlation of default across a portfolio of corporate bonds exposed to transition risk. The presentation also highlighted the role of leverage in default probabilities, with more leveraged investments non-linearly increasing the risks. Importantly, the authors distinguish an orderly and disorderly transition. The idea of a disorderly transition captures the possibility that regulation is imposed \"too late\" for investors to react smoothly to the change in policy, resulting in stocks of stranded assets, such as fossil fuels that unexpectedly cannot be extracted and sold, but must remain underground.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Session 6: Climate Risk and the Financial System","asset":{"entryTitle":"QCGBF CONF sess 6","entryDescription":null,"sys":{"id":"bf0349af-6fe7-4294-a1a6-2a448da44327","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-sess-6.xd24ae4c6.png"}}},"text":"\u003Cp\u003EFrancesca Diluiso (MCC Berlin) presented \u003Cem\u003E\"Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy\",\u003C\u002Fem\u003E which presents a dynamic stochastic general equilibrium model to determine the effects that a carbon tax would have on macroeconomic outcomes. She found that a carbon tax has small effects on output and inflation. Shed also showed that \"green bond\" purchases can be an effective way for central banks to provide stimulus to the economy and correct market inefficiencies that may slow the transition to a greener economy. The paper also stressed the advantages of advanced planning and early policy to avoid substantial disruptions from quickly rising carbon taxes.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch3\u003E\u003Cstrong\u003EPanel 2: What next for Financial Stability?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe second panel was chaired by Nicolas Véron (Bruegel and the Peterson Institute), Vitor Constancio University of Navarra), Donald Kohn (Brookings Institution) and Carolyn Rogers (Basel Committee on Banking Supervision) to discuss what next for financial stability.\u003C\u002Fp\u003E\n\u003Cp\u003EThe participants discussed risks to financial stability from the shadow banking sector, particularly repo markets, which remained largely untouched by regulation after the last crisis. The March 2020 episode of volatility and illiquidity in US treasuries had emphasised the need for policy action to reduce the demand for liquidity from funds in periods of stress. This may require policies that limit liquidity transformation and leverage by non-banks or a rethink of leverage ratio rules for dealer banks. Banks, by contrast, had entered the pandemic on a strong footing, reflecting the impact of Basel III and the unprecedented range and degree of public support measures that had been put in place since Covid struck.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"Panel 2: What next for Financial Stability?","asset":{"entryTitle":"QCGBF CONF panel 2","entryDescription":null,"sys":{"id":"9ab0d054-a9ec-4ec9-a290-dca4be9c3733","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-conf-panel-2.x9ace2a27.png"}}},"text":"\u003Cp\u003EParticipants discussed the risks that worried them most. Asset valuations were thought to be stretched in many markets. The Basel III standards needed to be finalised and implemented in full by all. One panellist highlighted complacency as the key risk.\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Cp\u003EYou can watch the recorded videos from the Conference via our \u003Ca href=\"https:\u002F\u002Fyoutube.com\u002Fplaylist?list=PL_fWsolP_ysNB3zdkN57NQBxu_8W58d94\" target=\"_blank\" rel=\"noopener\"\u003Ededicated Conference playlist.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Challenges facing central banks in the 2020s"},{"summary":"Professor David Aikman was joined by former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers (President Emeritus and Charles W. Eliot Professor at Harvard University) for a keynote discussion at the International Finance and Banking Society 2021 Oxford Conference titled 'Financial System(s) of tomorrow'.","entryThumbnail":null,"image":{"altText":"qcgbf lawrence summers","transformations":"w=873&h=440&crop=780,440,47,0","caption":"David Aikman, Director of the Qatar Centre for Global Banking and Finance with Lawrence H. Summers, President Emeritus and Charles W. Eliot Professor at Harvard University.","asset":{"entryTitle":"qcgbf lawrence summers","entryDescription":null,"sys":{"id":"6b59160f-8306-4e02-b30d-89d51d7b3d8f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fvideo-thumbnails\u002Fqcgbf-lawrence-summers.x1159fb67.PNG?w=873&h=440&crop=780,440,47,0"}}},"regions":[{"entryTitle":"USA","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f8d11955-921d-47d6-af0b-f2bce04fc380","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2021-10-18T15:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Professor David Aikman was joined by former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers (President Emeritus and Charles W. Eliot Professor at Harvard University) for a keynote discussion at the International Finance and Banking Society 2021 Oxford Conference titled 'Financial System(s) of tomorrow'.","relatedEvent":null,"relatedLinks":[],"title":"Former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers gives keynote discussion","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-10-18T14:20:17.5124034Z","versionNo":"2.0","modified":"2023-04-12T13:13:39.5852158Z","modifiedBy":"k1812479","published":"2023-04-12T13:13:50.3773085Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d4bae635-eda9-4e83-b65c-f3796986823b","projectId":"website","slug":"lawrence-h.-summers-keynote-discussion","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Qatar Centre for Global Banking & Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003ELawrence H. Summers discussed the inflation outlook in the US and how overheating and inflation pose the greatest risk to the US economy. Watch the recording of the discussion below or continue reading to find out his insights into the currents macroeconomic outlook and its policy implications.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=d-zmrSajoTc&list=PL_fWsolP_ysOjnL82Cj90znImZSZSzTKi&index=3&t=5s"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EThe topic of the day has been the inflation outlook both in us and around the world, where we've seen large increases in inflation in many countries this year. Just this morning, in the UK, the CPI inflation read is the biggest on record, going back to when the Bank of England was granted independence for monetary policy in 1997. You've been very vocal about your view that overheating and inflation are the predominant risks to the US economy. Central banks on the other hand, are pretty sanguine about this risk, as they view it as a transitory affair. Could you start by giving us your views and why you think this could be a more persistent phenomenon than central banks expect? \u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EI think all of us, particularly when we're in policymaking positions, tend to want to make different mistakes rather than mistakes we've made before. Over the last 40 years, the dominant mistakes have been overly worrying about inflation and being too restrictive for too long. Those were certainly the mistakes that were made in the wake of the financial crisis. The inflation alarmists (of whom before now I’ve never been one) have pretty consistently been wrong. And inflation has been low and constant for nearly 40 years, which means almost any econometric approach will conclude that there's nothing that reliably predicts increases in inflation. Because if you regress a constant term on any set of variables, you're going to get zero coefficients. So, I think the intellectual environment, both in terms of the past experience of policymakers and the nature of the era that's considered relevant for statistical study, imparts a very substantial bias towards serenity. I think that there is a tendency, and you know a great deal of error in statistics, comes from excessive emphasis on a particular null hypothesis.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ESomething similar is true for policymaking. We tend to go with a null hypothesis which is what we thought before until it's been proven to be wrong, at which point it's often too late to respond optimally. It's like all of these tendencies are running through central bank thinking. I think they're reinforced by the fact that there was an immediate imperative of providing liquidity, providing aggregate demand, and providing economic support in the wake of Covid. People who have an imperative tend to lose it somewhat slowly. All of those things, along with the natural human desire not to inflict pain and not be seen as a pain inflictor, all of that contributes to it being natural, that if inflation were a problem, there might well be a tendency at this moment to miss it and to respond belatedly.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EIf I look at the US economy, it seemed clear to me that when the gap in terms of lost incomes was running at about $30 billion a month below the previous trend, it seemed to me obvious last January, that when we had a program that represented about $200 billion a month in stimulus, that was coming on top of a $2 trillion savings overhang. It was coming on top of record expansionary monetary policy. It seemed to me that we were headed for the bathtub overflowing. Demand very substantially exceeding trend or potential output, to the extent that there was supply impairment because businesses closed, there were early retirements, people couldn't get to work and certain sectors had to close. That only reinforced the bathtub overflowing by shrinking the capacity of the bathtub. So, it seemed to me that there was a presumption that the bathtub was going to overflow. Nothing that has happened since then has changed that presumption in my mind at all.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EWhat has mostly happened is that we've had more evidence of more inflation more promptly than I would have expected, and so core CPI inflation in the US ran at a double-digit rate in the first and second quarter of the year. Of course, lots of that is transitory, so no one is suggesting that there aren't any transitory factors generating inflation. But the question is whether a norm is being established that is significantly above the 2% inflation target? That's what happened in the face of a much smaller fiscal expansion in the 1960s, setting the stage for the great inflation of the 60s and the 70s. Then, the swing in fiscal policy was a quarter of what it has been in the last years, so I think we have seen has been pretty rapid inflation.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ENow, of course, it’s true that price increases across sectors are not even. But if you imagine that demand was being over expanded in a way where it collided with supply, what would you expect? You would expect that there would be some sectors where there would be major bottlenecks, and they would have particularly large increases in inflation. And that's kind of what we have seen. Is all this going to end? Is it going to end quickly? Is inflation going to return to normal consistent with a rapidly growing economy? Maybe, but it's interesting that the median inflation, the thing that strips out all the outliers that people used to emphasise, had its worst month in 14 years last month, so that's not so encouraging. The businesses I talk to and the surveys of businesses report that people now think bottlenecks will be part of their economic environment until mid-2022. But the two biggest markets in the economy, the labour market, the housing market, both it seems to me are cause for alarm. Nobody disputes that the labour market's getting tighter and tighter, and yet already we've got the highest vacancy rate we've ever seen in the United States and the lowest rate at which employers can fill vacancies that we've ever seen in the United States. That seems to meet presage wage acceleration.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ENow we look at the housing market. House prices are up almost 20% year on year. If you look at new tenants moving into rented housing, they're paying 17% more than the previous tenant did. That tells you that we've got some rapid housing inflation, and that's the largest component of the CPI. It's not in the statistics yet, but either it's coming in the statistics, or it says something about the quality of the statistics. Nobody can really argue that housing costs aren't going up very substantially.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ESo I look, and I see more tightness in labour markets, more pressure coming from housing markets, continued presence of bottlenecks, more fiscal policy coming online, and no plans to raise interest rates until 2023 and a change in the Fed's doctrine from “we're going to remove the punch bowl before the people get plastered” to “we're going to remove the punch bowl only when we're absolutely sure that many people are getting plastered”. It seems to me that people are going to be revising their view about inflation expectations upwards. I could be wrong of course; demand could create its own supply. We could have some substantial interruption in economic activity from some other source. I don't think Covid is going to be enough to make me wrong, because at this point, more Covid is acting as much as a supply shock as it is a demand shock and therefore it could be a potential contributor to inflation.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ESo, I'm pretty worried about the inflation picture right now. It's remarkably reminiscent to me of the 1960s. First, there's denial that there's inflation, then there's the explanation that inflation's due to a set of special factors. Then there's an increasing view that maybe some inflation's okay, or at least inflation's okay relative to the consequences of trying to curtail inflation with policy, so I'm anxious. I have to say this is a financial conference. I have to say I'm quite surprised and puzzled that my concerns are not more manifest in the bond market. Break-even inflation rates have indeed picked up, but they haven't picked up that much, and I'm not with a completely clear explanation as to why that is.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EYou mentioned policy framework changes. The Fed changed its framework, and it's now committed to allowing inflation to overshoot two per cent, to make up for past undershoots. The motivation for this was all looking back to when we had deflationary pressures as the primary concern, the proximity of the effective lower bound and so on. Are you concerned, though, that this change risks baking in the Fed being behind the curve? Is it well equipped to deal with the risks that you see? \u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EI think it's in general a mistake to respond as a policymaker to demands for clarity about future actions. It is easy to say that transparency is a good thing, it is easy to say that people want to understand, and it's good to give people more information, but the reality is that we live in a world of unknowns. We don't know what's coming, so it's very difficult to specify our reaction functions. So, setting specific targets, you have to balance the extra information and clarity that you may be providing against the risks to your future credibility or your future ability to optimise. When you make a statement of intention, and something unexpected happens, then you either have to carry through on what you said, which may not be what is best to do under those circumstances, or you may have to be in the position of sacrificing your credibility and explaining that something new has happened.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ESo, I think that a past generation of central bankers typified by Alan Greenspan understood what the Delphic oracles understood, which is that if people think you're omniscient and omnipotent, but you're really not, it's a good idea to speak with a certain oracular vagueness, rather than with a certain numerical precision. I think we have an era in central banking that is confused on that kind of point. I think the average inflation targeting was a device for providing credibility for the idea that policy would be looser longer, and maybe it contributed a bit to that. I'm not sure that rates at any point have been lots lower than they would have been in the absence of that policy. I think it doesn't make much sense when you have an instrument that operates with a year, or a year and a half lag, to say that you're only going to respond in response to events and not any anticipation of events. So, I'm not very enthusiastic about the new framework, though I understand the pressures that led to its adoption.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EIt's no surprise that with the increase in public debts we've seen that debt service ratios will be very sensitive to interest rates. QE has heightened that effect by removing maturity from private sector balance sheets and, you know, shortening in effect the maturity of the government's liabilities. What are your thoughts on the risks of an inflation spike spilling over into a public debt crisis? And do you think central banks have enough independence to take the necessary actions to head off inflation given what that would mean for public debt sustainability?\u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EI think you are raising the set of issues that I think is most important for macro-financial researchers to be thinking about right now to illuminate policy debates. I don't pretend to have all the answers, and I don't pretend to have views that I won't have changed over the next year. I'd make these observations.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EFirst, at the time the Maastricht criteria were propounded, real interest rates in Germany were in the 4-5% range, and nominal interest rates on 10-year bonds were in the 7-8% range. Almost any theory of borrowing would tell you that the reasonable and appropriate level of borrowing is attentive to the interest rate environment in some combination of nominal and real terms. So whatever one thought about fiscal policy some years ago, it seems to me that it's appropriate to have more expansionary fiscal policies today. I think that point may be insufficiently appreciated.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ESecond, I think it is reasonably clear that there are a set of structural factors that mean that, apart from extraordinary near-wartime events like the response to Covid, we have had a set of structural changes that have raised the propensity to save\u002Fraise perhaps the propensity to avoid risk and reduce the propensity to invest and to bear risk and that has led to substantially lower neutral interest rates.\u003C\u002Fp\u003E\n\u003Cp\u003EI think all of that means that we, probably in this period, need to think about deficits somewhat differently than we have in the past, both because there's likely to be more sustainability than there once would have been and because there is more need to absorb saving. The issue of savings absorption, I think, was the central macroeconomic issue of the pre-pandemic decade. I think we mostly didn't recognise it, and therefore, we had an excessively protracted recovery relative to what we needed to have. I don't think it's clear where we're going to be in the aftermath of wartime fiscal and monetary support levels during Covid.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EI think how much room we have to expand fiscal policy without pushing interest rates up is an absolutely crucial question. I don't pretend to have a settled view on it. I think it is striking how deficits have risen, and we have not seen corresponding increases in real interest rates.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EGita Gopinath has a recent column in the Financial Times that expresses concern that another “Taper Tantrum”-style episode would be disastrous for emerging markets and developing economies. I'd be interested in your views on how the Fed can begin to taper its asset purchases while mitigating that risk of huge spillovers for the rest of the world?\u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EI read Gita's piece closely. I read everything she writes, and I have enormous respect for her and the IMF. I must say I did have the perspective slightly that, in their work, they want to make sure we don't have inflation because that would be dangerous. They want to make sure we don't have tapering because that could be dangerous. Having warned about all the risks, it seemed to me that the essence of policymaking is deciding which risks to emphasise, and which risks to place less emphasis on, not to simply point up all the various risks in this situation.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cbr \u002F\u003EMy own view is that whenever the Fed starts tapering, it will be the most heralded change in monetary policy in the history of the planet. They discussed planning the process of planning to plan, and then they discussed planning to plan. Now they're discussing planning. By the time it happens, it's hard to believe that it's going to set off any shock waves in markets. I'm not sure just how large the effects of QE have been on interest rates. So I think the largest risks to the developing world come from what has always been the source of risks to the developing world, which is the industrial world losing control over expanding suffering overheating inflation and having to hit the brakes hard. So it seems to me that delayed action that is much the greater risk for the developing world and emerging markets rather than overly accelerated action.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EWe have a lot of young economists in the audience, and I think it will be very interesting for those people working in macro to hear your views on what topics you would like to see more focus on going forwards… \u003C\u002Fem\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EWhen I was a policymaker, I read I believe every NBER working paper on a macro topic, except for any paper that used the term “DSGE”. My experience with papers that used the term “DSGE” was they derived very specific conclusions from premises that were no more than allegories. And so I found much more interesting papers that put forth a different interpretation of events or that pointed up a hypothesis or offered an explanation for a correlation rather than papers that were put in a methodological straight jacket of some sort. So that's one type of suggestion for researchers.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EI think one of the very large phenomena of our moment is the extraordinarily low level of real interest rates both right now and in prospect, and it seems to me that that is pregnant with implications. What does it say about the social marginal productivity of investment? If you think that a safe real interest rate has something to do with the certainty equivalent marginal product of capital, that number is remarkably low. What does it say about asset pricing? How do those very low interest rates affect patterns of asset pricing? What are the causes of this extraordinarily low level of real interest rates? What does it mean for traditional thinking about corporate finance and debt-equity behaviour? How should we think about a world of high debt ratios and low debt service ratios in terms of our concerns about financial stability? What does it say about the implications for the capital markets functioning and efficiently allocating resources if interest rates are so low that debt service payments don't represent a significant barrier and so people in business can stay in business for a long time?\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EAm I right in my broad vision that the macroeconomic problem of the 1980 to 2010 period was the maintenance of discipline and the avoidance of the temptation to inflate and that the macroeconomic problem of our era is the absorption of all saving, in a world where there is much less demand for physical capital because so much IT can be produced so cheaply? Because so much of what is valuable is not tangible or is of a low mass? These seem to me to be very fundamental kinds of macroeconomic\u002Fmacro-finance questions.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EI think the other set of issues that I would point out is that the paradigm in which we have operated for the last almost two generations, has been a paradigm in which stabilisation policy is all about the second moment of output. What policy is about is about stabilising it because, of course, it's all about price rigidities, and nominal things don't affect real things in the long run and so you can go above, or you can go below. But what you're trying to do is to control the second moment. That's not why I went into macroeconomics. I went into macroeconomics because I thought a better stabilisation policy could avert busts without shaving off booms to an equal extent. I believe that the Great Depression didn't have to happen. I believe that the 2008 financial crisis didn't have to happen. And so, a set of theoretical and empirical constructs in which it is admitted as a logical possibility that better macroeconomic policy can raise the mean level of output and reduce the mean level of unemployment over time rather than merely affect the amplitude of the fluctuations seems to me extremely important.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Former US Treasury Secretary and Director of the National Economic Council for President Obama, Lawrence H. Summers gives keynote discussion"},{"summary":"In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the Exchequer’s annual “remit and recommendations” letter. Our focus is on what impact has there been on the relative balance between promoting resilience and stability versus pursuing other government policy objectives, including promoting financial innovation, the role of the City of London and so on.","entryThumbnail":null,"image":{"altText":"BOE","transformations":"w=780&h=524&crop=780,440,0,42","caption":"","asset":{"entryTitle":"BOE paul tucker","entryDescription":null,"sys":{"id":"5314237d-b58f-4606-bf57-7574d4e930c6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fboe-paul-tucker.xf5ea26e4.png?w=780&h=524&crop=780,440,0,42"}}},"regions":[],"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2021-12-08T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the Exchequer’s annual “remit and recommendations” letter. Our focus is on what impact has there been on the relative balance between promoting resilience and stability versus pursuing other government policy objectives, including promoting financial innovation, the role of the City of London and so on.","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"Macroprudential Matters Website","url":"https:\u002F\u002Fmacroprudentialmatters.com\u002F"}}],"title":"How has the Financial Policy Committee's objective changed since its inception?","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-12-13T13:34:21.2155861Z","versionNo":"4.0","modified":"2023-04-26T10:21:39.465046Z","modifiedBy":"k1812479","published":"2023-04-26T10:21:50.7310861Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"34eaa862-b79d-4345-be54-d1c384125b05","projectId":"website","slug":"how-has-the-financial-policy-committees-objective-changed-since-its-inception","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance written for MacroprudentialMatters.com","articleContent":[{"type":"markup","value":"\u003Cp\u003ETL\u002FDR: The FPC’s mandate has been expanded significantly since the first of such letter in 2013. This partly reflects a clarification of the types of risks and vulnerabilities the FPC should concern itself with in pursuing its primary objective, e.g., risks associated with climate change. But there has also been a marked rebalancing of the FPC’s remit, away, in relative terms at least, from maintaining systemic stability and towards its secondary objective – which includes supporting economic growth, but also increased financial sector competition, international competitiveness, and expanding the supply of finance for productive investment.\u003C\u002Fp\u003E\n\u003Cp\u003EA concern this raises is whether these changes risk diluting the FPC’s focus on stability and its independence from day-to-day politics – either directly, or indirectly, by overburdening a committee with already much on its plate. This risk is heightened because the FPC’s stability mandate is imprecisely defined and open to numerous interpretations in terms of what constitutes success (see the \u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fno-model-and-no-loss-function-is-not-a-recipe-for-good-policy\u002F\" target=\"_blank\" rel=\"noopener\"\u003Eblog\u003C\u002Fa\u003E published on this website by my colleague Richard Barwell on 27 September).\u003C\u002Fp\u003E\n\u003Ch3 data-fontsize=\"27\" data-lineheight=\"35.1px\"\u003E\u003Cstrong\u003EBackground\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe objectives of the FPC are set out in 2012 legislation amending the Bank of England Act 1988 to create, for the first time, a body unambiguously responsible for preserving systemic stability.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Committee’s primary objective is to protect and enhance the stability of the UK’s financial system. Subject to this, it has a secondary objective to support the economic policy of the Government. And in pursuing its objectives, the FPC is not authorised to take actions that would in its opinion likely have a “significant adverse effect on the capacity of the financial sector to contribute to the growth of the UK economy in the medium or long term”.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Act requires that the Treasury specify the Government’s economic policy at least once in every calendar year. It also allows the Treasury to make recommendations to the Committee about risks it should regard as relevant for pursuing its primary objective, its responsibility in supporting the government’s economic policy, and other matters it should have regard to in its policy deliberations.\u003C\u002Fp\u003E\n\u003Cp\u003EThis is all set out in a public letter from the Chancellor of the Exchequer to the Bank’s Governor. The letters are published on the Bank’s website (click \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fletter\u002F2021\u002Fmarch\u002Fremit-for-the-fpc-2021\" target=\"_blank\" rel=\"noopener\"\u003Ehere\u003C\u002Fa\u003E for the 2021 version). There have been ten such remit letters to date since the first in 2013.\u003C\u002Fp\u003E\n\u003Cp\u003EIn analysing these documents, it should be noted that, in practice, these letters are published only following comments from the Bank, so their contents reflect a two-way process from both the Treasury and the Bank.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fhow-has-financial-policy-committees-objective-changed-since-its-inception\u002F\" target=\"_blank\" rel=\"noopener\"\u003EContinue to the full article\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EWritten for the \u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fhow-has-financial-policy-committees-objective-changed-since-its-inception\u002F\" target=\"_blank\" rel=\"noopener\"\u003EMacroprudential Matters website\u003C\u002Fa\u003E, proudly managed by the Qatar Centre for Global Banking and Finance at King’s Business School. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fhow-has-financial-policy-committees-objective-changed-since-its-inception\u002F\" target=\"_blank\" rel=\"noopener\"\u003ERead the rest of the article here.\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"How has the Financial Policy Committee's objective changed since its inception?"},{"summary":"The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid advances in tools for understanding the economy, particularly new data analytics.","entryThumbnail":null,"image":{"altText":"Monetary & Financial Policy Analysis spring school","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Monetary & Financial Policy Analysis spring school (Twitter)","entryDescription":null,"sys":{"id":"eb017e16-d51b-425f-a5fa-7b6cef7eb62c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fmonetary-financial-policy-analysis-spring-school-twitter.xb94ce499.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-01-10T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid advances in tools for understanding the economy, particularly new data analytics.","relatedEvent":{"entryTitle":"Qatar Centre for Global Banking & Finance Spring School in Monetary & Financial Policy Analysis: Programme Overview","entryDescription":"Join Kate Forman as she introduces this new short executive course on Monetary and Financial Policy Analysis run by the Qatar Centre for Global Banking and Finance (QCGBF). ","entryThumbnail":null,"sys":{"id":"12a76c74-2a80-44dd-ba59-93d61fd3b4f8","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[{"type":"links","value":{"linkLabel":"QCGBF Spring School in Monetary & Financial Policy Analysis Course Page ","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fexecutive-education\u002Fopen-course\u002Fqcgbf-spring-school"}}],"title":"Spring School in Monetary & Financial Policy Analysis","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2022-01-10T20:48:13.308907Z","versionNo":"7.0","modified":"2023-04-26T10:26:56.4798397Z","modifiedBy":"k1812479","published":"2023-04-26T10:28:53.5592887Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"97182100-e227-4c53-84e8-71de40597c7a","projectId":"website","slug":"spring-school-in-monetary-financial-policy-analysis","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"George Kapetanios","entryDescription":"Professor of Finance and Econometrics","entryThumbnail":null,"sys":{"id":"2edc6626-53e6-4c7a-bb11-740d11284c35","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Michael Schillig","entryDescription":"Professor of Law, Vice Dean Research","entryThumbnail":null,"sys":{"id":"2e4206ec-7c76-4f98-ae65-432f140f351e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is offering a\u003Cstrong\u003E \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fexecutive-education\u002Fopen-course\u002Fqcgbf-spring-school\"\u003ESpring School in Monetary and Financial Policy Analysis\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E to provide central bankers and financial regulators with an introduction to the skills and knowledge required to tackle new economic challenges and use new tools.\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003EProgramme impact \u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EThe Spring School in Monetary & Financial Policy Analysis provides:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EAn insight into key models used by leading central banks to inform monetary policy and financial stability policy decisions, and an understanding of how to apply these models to analyse relevant policy issues\u003C\u002Fli\u003E\n\u003Cli\u003EAn understanding of the policy frameworks that underpin monetary policy and financial stability policy actions, and the ability to critically assess their strengths and weaknesses\u003C\u002Fli\u003E\n\u003Cli\u003EAn introductory understanding of key innovations in the areas of climate finance and fintech, areas of rapidly growing interest for central banks\u003C\u002Fli\u003E\n\u003Cli\u003EA chance to develop new practical skills, including exposure to the latest advances in data analytics and applied econometrics\u003C\u002Fli\u003E\n\u003Cli\u003EInsights from expert guest speakers from central banks and the City of London to give a \"real world\" perspective on the challenges facing the global economy\u003C\u002Fli\u003E\n\u003Cli\u003ENetworking opportunities with a cohort of attendees from around the world\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFollowing the Spring School, participants will be provided with an exclusive invitation to the Qatar Centre for Global Banking and Finance Annual Conference on 5 and 6 July 2022. Participants will also attend in-person session and dinner in London.\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003ECourse content and themes\u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EWeek 1: Monetary Policy Analysis\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 2: Financial Stability and Macroprudential Policy Analysis\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 3: Data Analytics\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 4: TBC\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 5: Climate Finance\u003C\u002Fp\u003E\n\u003Cp\u003EWeek 6: Digital Currencies & FinTech\u003C\u002Fp\u003E\n\u003Cp\u003EThe course will explore key questions such as:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWhat impact has unconventional monetary policy had? Should central banks now unwind their quantitative easing programmes?\u003C\u002Fli\u003E\n\u003Cli\u003EWhat is \"Growth at risk\"? How can macroprudential regulators use this concept to inform policy actions?\u003C\u002Fli\u003E\n\u003Cli\u003EShould central banks offer deposit\u002Flending facilities to all firms and private citizens? What impact will a Central Bank Digital Currency have on monetary policy and financial stability?\u003C\u002Fli\u003E\n\u003Cli\u003EHow will the transition to a low carbon economy impact the macroeconomy? What risks are there for the financial system?\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch3\u003E\u003Cstrong\u003EFormat and structure\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Spring School will take place online across six consecutive Tuesday mornings from 9.00-12.00 GMT.\u003C\u002Fp\u003E\n\u003Cp\u003EDates:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ETuesday 1 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 8 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 15 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 22 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 29 March 2022\u003C\u002Fli\u003E\n\u003Cli\u003ETuesday 5 April 2022\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch4\u003E\u003Cstrong\u003ENext steps \u003C\u002Fstrong\u003E\u003C\u002Fh4\u003E\n\u003Cp\u003EApplications for the Spring School are now open. Apply before 24 January to receive a 15% early bird saving. Corporate savings are also available. Applications will close on 14 February.\u003C\u002Fp\u003E\n\u003Cp\u003ETo learn more about the course, please \u003Ca href=\"https:\u002F\u002Fcalendly.com\u002Fluckveer-singh\u002F30min\"\u003Ebook a consultation with programme expert Lucky Singh\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EFor an informal review of your fit for the programme, send your CV\u002FLinkedIn profile to \u003Ca href=\"mailto:execed-business@kcl.ac.uk\"\u003Eexeced-business@kcl.ac.uk\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fexecutive-education\u002Fopen-course\u002Fqcgbf-spring-school\"\u003E\u003Cstrong\u003EFind out more about the Spring School in Monetary & Financial Policy Analysis\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Spring School in Monetary & Financial Policy Analysis"},{"summary":"In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the economic impact of mortgage rules.","entryThumbnail":null,"image":{"altText":"David Aikman macroprudential","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"David Aikman macroprudential","entryDescription":null,"sys":{"id":"f7688d86-8523-4b31-9028-f1ac03d825e9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fdavid-aikman-macroprudential.xbf71b0cd.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[{"entryTitle":"Republic of Ireland","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5689cbde-19a6-4dfa-a290-46c3ad979cd7","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"topics":[{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Economics - Business School","entryDescription":"economics","entryThumbnail":null,"sys":{"id":"2a8e834e-982a-404c-b58e-974f73ab4bea","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-01-03T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the economic impact of mortgage rules.","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"The objectives of macroprudential mortgage measures: an exploration","url":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf"}}],"title":"The objectives of macroprudential mortgage measures: an exploration","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-12-17T10:28:33.8349625Z","versionNo":"4.0","modified":"2023-04-26T10:26:01.9599178Z","modifiedBy":"k1812479","published":"2023-04-26T10:26:20.3816034Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"554ea83c-ad00-45ca-8246-a41510a50e5c","projectId":"website","slug":"the-objectives-of-macroprudential-mortgage-measures-an-exploration","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance","articleContent":[{"type":"markup","value":"\u003Cp\u003EThe use of macroprudential policies aimed at preventing excessive household mortgage debt can mitigate costly effects of debt deleveraging that would otherwise amplify economic downturns. These benefits are likely to be especially important for small open economies operating under fixed exchange rates without independent monetary policy.\u003C\u002Fp\u003E\n\u003Cp\u003EMacroprudential debt limits can also improve the resilience of banks by reducing risk in mortgage portfolios. However, these benefits will tend to be undone as capital requirements for banks using model-determined risk weights with fall. Such policies also come with costs as they potentially reduce aggregate consumption outside of crisis periods, and they constrain the borrowing capacity—and hence housing tenure choices—available to some borrowers.\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor David Aikman identifies several channels through which these costs may manifest themselves, though little empirical evidence quantifies their overall impact. Using the \"GDP-at-Risk\" approach, the paper ends by outlining an approach that can be used to evaluate the macroeconomic costs and benefits jointly.\u003Cspan style=\"color: #444444; font-family: Georgia, Times New Roman, Times, serif;\"\u003E\u003Cbr \u002F\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf\"\u003ERead the report now\u003C\u002Fa\u003E\u003C\u002Fh3\u003E\n\u003Chr \u002F\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"The objectives of macroprudential mortgage measures: an exploration"},{"summary":"Virtual meeting held to discuss research collaboration in the field of climate finance. ","entryThumbnail":null,"image":{"altText":"King's flag London","transformations":"w=780&h=1040&crop=780,440,0,53","caption":"","asset":{"entryTitle":"King's flag London","entryDescription":null,"sys":{"id":"3f32aa30-30bf-46f1-8dd8-e22f42a88568","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002Fresearch\u002Flegacy\u002FGeneral\u002FKingsflagLondon.xef5cc7a9.jpg?w=780&h=1040&crop=780,440,0,53"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Mathematics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8efaf9cf-f1d7-4093-94d6-a5d1bc9444ef","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Computer science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a85ef05b-e510-4f79-9fd3-b2f5ad4bbb79","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Financial Mathematics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"68ff8156-7cc7-4fbd-9504-f4f198667698","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-02-03T00:00:00","searchOptions":null,"entryDescription":"Virtual meeting held to discuss research collaboration in the field of climate finance. ","relatedEvent":null,"relatedLinks":[],"title":"KBS-Mathematics-Informatics Research Discussion on Climate Finance","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2143220","archived":null,"deleted":null,"createdBy":"","created":"2022-02-03T12:42:41.8576087Z","versionNo":"3.0","modified":"2022-02-15T12:25:50.8791325Z","modifiedBy":"k2143220","published":"2022-02-15T12:26:37.8522583Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6b235867-251e-418a-9af0-939cf02af738","projectId":"website","slug":"kbs-mathematics-informatics-research-discussion-on-climate-finance","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Teemu Pennanen","entryDescription":"Professor in Financial Mathematics","entryThumbnail":null,"sys":{"id":"21295ef7-91e3-484e-8376-14dc43b393aa","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Carmine Ventre","entryDescription":" Interim Head of the Department of Informatics","entryThumbnail":null,"sys":{"id":"993a1165-3bcb-4a07-b975-667d91ab32df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Professor Teemu Pennanen and Professor Carmine Ventre","articleContent":[{"type":"markup","value":"\u003Cp\u003EEarlier this month, Teemu Pennanen, Carmine Ventre and David Aikman organised a one-hour virtual meeting to discuss potential areas of research collaboration in the field of climate finance. The meeting invitation was extended to researchers in the Departments of Mathematics, Informatics and in King’s Business School and we had around 25 attendees.\u003C\u002Fp\u003E\n\u003Cp\u003EWe invited four external experts to give us their perspectives on the most pressing questions where research could usefully contribute. These were:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ETeresa Lober (Bank of England)\u003C\u002Fli\u003E\n\u003Cli\u003EDavid Carlin (UN Environment Programme’s Finance Initiative)\u003C\u002Fli\u003E\n\u003Cli\u003ECaspar Siegert (JP Morgan Asset Management), and\u003C\u002Fli\u003E\n\u003Cli\u003EJens Larsen (Wellington Management).\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EEach speaker gave some short introductory remarks, followed by questions from the participants.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this note, we record the main themes that emerged in the discussion, including specific research questions posed by our guest speakers. \u003Cem\u003EAs the meeting was held under Chatham House rules, we do not attribute these to individual speakers\u002Forganisations.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Ch2\u003E\u003Cstrong\u003EMain themes of discussion and specific research questions\u003C\u002Fstrong\u003E \u003C\u002Fh2\u003E\n\u003Ch3\u003E1. On the nature of climate risks, nonlinearities, tipping points\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EWhat do we mean by climate risk and what links it to financial risk? We can understand this through a Value at Risk lens: what is the percentage of financial value might I lose because of the physical impacts of climate change and because of the impact of policies to support the transition to net-zero? An example of the former would be the impact of flooding on the value of real estate; an example of the latter would be the impact of an announced future tightening in climate policies which depresses the value of fossil fuel-related assets today, generating a mark to market loss. There is also the possibility of “stranded assets” in some extraction-focused industries if some fraction of outstanding reserves become unusable.\u003C\u002Fp\u003E\n\u003Cp\u003EClimate risks are best thought of as low probability and high impact events, where the possibility of tipping points creates enormous uncertainty about the validity of any scenarios used for risk management purposes. They differ from other potential sources of systemic risk in several respects. One difference is that the physical risks of climate change will inevitably increase over time – they cannot be managed away in the way normal financial risks can.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPossible research questions raised:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWhile there has been good modelling of the physical impacts of alternative climate pathways, including by the IPCC, much work remains in turning these estimated physical impacts into economic\u002Ffinancial effects. An example given was understanding the impact of heat waves on labour productivity.\u003C\u002Fli\u003E\n\u003Cli\u003EInteractions between the physical and transition risks of climate change are generally underappreciated in the modelling that has been done. We need to develop models that capture the cumulative effect of both physical and transition risks, given we are living in a world with both at play. There is good work by Lars Peter Hansen (Chicago) on the multiplicative nature of these risks.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E2. The role of the financial system in the transition to net zero and the role of climate stress testing\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EThe financial system has three roles to play on climate: (a) managing risk; (b) aligning portfolios with net zero, where the focus is on reducing exposure to brown assets; and (c) providing the enabling green finance that will allow the transition to occur, particularly in emerging economies. Stress testing is a very valuable tool for understanding the risks to financial stability that could arise under alternative climate pathways.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EResearch questions raised:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ERegarding the scenarios used for climate stress tests, more work is needed on the triggering mechanisms, dislocations and nonlinearities that could arise, particularly in the short term, and particularly under an incomplete or suboptimal transition.\u003C\u002Fli\u003E\n\u003Cli\u003EFor risk management purposes we need to move away from excessive focus on the modal path in any scenario and consider the 99.5% version. We currently risk giving a false degree of comfort to financial institutions in their stress testing.\u003C\u002Fli\u003E\n\u003Cli\u003EWhat risks does climate change pose for the wider financial system (beyond banks and insurers), including asset managers, pension funds, and shadow banking institutions?\u003C\u002Fli\u003E\n\u003Cli\u003EPatent data for green innovations are a rich source of information for research. Which ideas are attracting the greatest interest? What does this tell us about the likely technological solutions of the future? What financing is required to scale these ideas up? What are the frictions to providing this finance?\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E3. Monitoring whether we are on track to meet Paris targets, and the unintended consequences of the transition to net zero\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EResearch questions raised:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWhat are the clear “no-regret” actions toward decarbonisation that need to happen immediately (eg investing in renewable generation capacity, moving away from coal in the OECD), and what is the required order of operation that takes account of the availability of viable substitute energy options?\u003C\u002Fli\u003E\n\u003Cli\u003EThe Paris Agreement requires that public and private financial flows are aligned to 2 degrees warming relative to pre-industrial temperature levels. How can we monitor\u002Fmeasure whether this is being met?\u003C\u002Fli\u003E\n\u003Cli\u003EIs there space to use digital platforms to monitor different regulations and their effects? One difficulty is that regulation is still at a very early stage and evolving. It also often takes the form of guidance and recommendations, leaving lots of discretion over implementation to firms. Could there be a role for scenario analysis to assess which regulatory actions could be most important, carrying the greatest impact?\u003C\u002Fli\u003E\n\u003Cli\u003EAs regulation shifts requiring banks and insurers to disclose their climate exposures and form a strategy for the transition to net zero, will risk shift to the unregulated shadow financial sector, over which there is little visibility? Will banks play the role of stewards in gradually managing down brown assets or will they divest?\u003C\u002Fli\u003E\n\u003Cli\u003EIf advanced economies pursue policies to support the transition to net zero, does this risk the counterproductive effect of global capital moving out of emerging markets? Emerging market economies will be hardest hit by climate risks and require the greatest financing for mitigation policies.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E4. Investors’ expectations and portfolio choice\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EResearch questions raised:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWhat climate scenarios are priced into current asset prices? How can we understand the expectations that underlie current valuations? Climate risk may well be fully priced in for the “green poster children” of the transition, eg stocks like Tesla. But it probably is not for slightly more carbon-efficient cement producer. This speaks to the need for a granular analysis of the issue.\u003C\u002Fli\u003E\n\u003Cli\u003EPrices of emission rights (and forward contracts on those rights) can also be used to gauge investors’ expectations about the aggressiveness of future climate policies.\u003C\u002Fli\u003E\n\u003Cli\u003EFrom an investor portfolio perspective, if physical and transition risks are negatively correlated, does that mean the natural owners of oil and gas stocks should be investors who also hold assets that are subject to substantial physical risk? And from a political economy perspective, if investors diversify their exposure to climate risk in this way, would that make it easier for policymakers to implement policies to support the transition to net zero?\u003C\u002Fli\u003E\n\u003Cli\u003EOptimal portfolio choice under climate uncertainty needs to move away from simple mean-variance considerations. It needs to consider tails and the prospect of shifts in distributions, as well as multiplicative risks. This is a good area of focus for an interdisciplinary research programme.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E5. Climate change and the macroeconomy\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003ESome of the most important and basic features of climate change are not covered in the current generation of integrated assessment models. These include non-stationarity, irreversibility, and deep uncertainty about the risks. We all know these factors are important, but they are hard to model, and our current toolkit essentially just ignores them. The models are designed to analyse small shocks around an equilibrium path rather than the large structural shift that will characterise the transition. This area is ripe for careful interdisciplinary research, in particular as the mathematics involved is highly complex.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EResearch questions raised:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EThe transition to net zero will require a large shift in relative prices, and a major increase in fixed investment in new green technologies. Integrated assessment models do a good job of capturing what we might call the ordinary effects of shifting demand around and shifting prices. But a point Nick Sterne has emphasised is that these models miss scale effects and the impact of investment on innovation.\u003C\u002Fli\u003E\n\u003Cli\u003EUncertainty vs risk. If we think the distribution of shocks is much fatter tailed but there is Knightian uncertainty about how climate risks will affect the economy, how should this affect optimal transition policy\u003C\u002Fli\u003E\n\u003Cli\u003EWhat impact will these effects have on monetary policy? We could be moving to a world with far greater and more frequent shifts in relative prices. What will this mean for long-term interest rates, for inflation targeting etc.\u003C\u002Fli\u003E\n\u003Cli\u003EAs carbon pricing takes greater effect in the years ahead, some industries will be able to pass on this cost to consumers whereas others will not. There is a need for more research on this issue, understanding how the incidence of carbon pricing will vary by sector.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E6. Data gaps\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EResearch questions raised:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWe need to improve the quality of data available to measure the physical risks of climate change. Financial institutions need a “golden source” which provides them with a holistic picture of their risk exposures.\u003C\u002Fli\u003E\n\u003Cli\u003EThere are also large gaps in our understanding of where climate risks lie within the financial system.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"KBS-Mathematics-Informatics Research Discussion on Climate Finance"},{"summary":"In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the role that sovereign green bonds can play in the transition to net zero. In this blog, we summarise some of the main points from this discussion.","entryThumbnail":null,"image":{"altText":"Green Sovereign Bonds Event Image QCGBF (2)","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Green Sovereign Bonds Event Image QCGBF (2)","entryDescription":null,"sys":{"id":"63bce355-3793-4190-9e8f-e35df61ae50f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fgreen-sovereign-bonds-event-image-qcgbf-2.xe41eedd2.png?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Climate Law & Governance","entryDescription":"climate-law","entryThumbnail":null,"sys":{"id":"710651ba-64af-458c-bcf5-57095ee03d82","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-04-25T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the role that sovereign green bonds can play in the transition to net zero. In this blog, we summarise some of the main points from this discussion.","relatedEvent":null,"relatedLinks":[{"type":"links","value":{"linkLabel":"Recording of the Sovereign Green Bonds Discussion","url":"https:\u002F\u002Fyoutu.be\u002Fnd-k3r_9bhY"}}],"title":"Sovereign green bonds: What role can they play in the transition to net zero?","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0841920","archived":null,"deleted":null,"createdBy":"","created":"2022-04-25T11:49:11.5974394Z","versionNo":"7.0","modified":"2024-04-25T11:14:10.7573105Z","modifiedBy":"k0841920","published":"2024-04-25T11:14:25.2967899Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a96b6f22-edd5-49a3-99cf-f28201503e44","projectId":"website","slug":"sovereign-green-bonds-what-role-can-they-play-in-the-transition-to-net-zero","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Megan Bowman","entryDescription":"Director of Centre for Climate Law & Governance","entryThumbnail":null,"sys":{"id":"46f78750-ae4b-4e78-93ab-7144aa787738","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Sarah Bracking","entryDescription":"Professor of Climate and Society","entryThumbnail":null,"sys":{"id":"4d4f2e66-1516-4534-84a4-7e376688d1eb","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"Professor David Aikman, Director of the Qatar Centre for Global Banking & Finance","articleContent":[{"type":"markup","value":"\u003Ch3\u003EWhat are sovereign green bonds?\u003C\u002Fh3\u003E\n\u003Cp\u003EGreen bonds are fixed-income instruments designed to finance projects that have been specifically earmarked as climate or environment-related. A green sovereign bond is simply a green bond that has been issued by a sovereign government.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhat is innovative in the UK’s green gilt programme?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E, Deputy Director at HM Treasury, kicked off the event by providing an overview of the UK’s sovereign green bond programme.\u003C\u002Fp\u003E\n\u003Cp\u003EIn September 2021, the UK government launched the United Kingdom’s first green “gilt” (i.e., gilt-edged security or UK government bond), a 12-year bond which raised £10 billion. This was followed in October by the issuance of 32-year green gilt of £6 billion.\u003C\u002Fp\u003E\n\u003Cp\u003EThe key design features of the green gilt are as follows:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EThe specific categories of expenditure that can be financed with green gilt proceeds are published in a use of proceeds framework document. They include areas such as clean transportation, energy efficiency and climate change adaption including flood defences (see the \u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fgovernment\u002Fpublications\u002Fuk-government-green-financing\"\u003Efull report\u003C\u002Fa\u003E for details).\u003C\u002Fli\u003E\n\u003Cli\u003EThe proceeds can be used to fund green expenditures within a four-year window, which includes both new expenditure as well as expenditure that occurred in the year prior to issuance. At least 50 per cent of the proceeds will be allocated to new projects.\u003C\u002Fli\u003E\n\u003Cli\u003EThe expenditure will be overseen by a new Inter-Governmental Green Bond Board, chaired by HM Treasury and with participation from government departments benefitting from the proceeds.\u003C\u002Fli\u003E\n\u003Cli\u003EAs part of the pre-issuance assurance process, the UK government sourced two independent second-party opinion reports. A report by Vigeo Eiris (VE) found that the framework is consistent with the \u003Ca href=\"https:\u002F\u002Fwww.icmagroup.org\u002Fsustainable-finance\u002Fthe-principles-guidelines-and-handbooks\u002Fgreen-bond-principles-gbp\u002F\"\u003EGreen Bond Principles\u003C\u002Fa\u003E developed by the International Capital Market Associated (ICMA). A report by the \u003Ca href=\"https:\u002F\u002Fwww.carbontrust.com\u002Fresources\u002Fpre-issuance-impact-uk-government-green-financing-programme\"\u003ECarbon Trust\u003C\u002Fa\u003E found that the intended use of proceeds is consistent with targets set by the Committee on Climate Change. This assurance process was felt to be particularly helpful given the forward-looking nature of some of the intended expenditures.\u003C\u002Fli\u003E\n\u003Cli\u003EThe UK government will publish an annual Allocation Report, detailing the use of proceeds and the balances that remain unused. It will also publish a biennial Impact Report, which will include information on the social as well as environmental impact of the programme.\u003C\u002Fli\u003E\n\u003Cli\u003EAlongside the green gilt programme, the UK government is offering a green retail savings product, which offers households a three-year fixed rate savings product whose proceeds will be earmarked for green spending projects.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhy do investors value green bonds?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003ESovereign green bonds command a higher price – i.e., they offer a lower yield – than conventional bonds issued by the same entity. This is sometimes referred to as the “greenium”. This price difference is somewhat puzzling in that the coupon and principal on these bonds will be paid from the same revenue stream as conventional bonds – they have identical credit risk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPhilip Smith\u003C\u002Fstrong\u003E (Blackrock) led off the discussion by explaining the considerations driving the demand for sovereign green bonds by investors despite their lower yield.\u003C\u002Fp\u003E\n\u003Cp\u003EOne rationale is an expectation that the demand for green bonds will continue to outstrip supply for some time to come, increasing their relative price further and yielding a capital gain for current investors.\u003C\u002Fp\u003E\n\u003Cp\u003EA second possible driver is regulatory pressure – for example, The Pensions Regulator in the UK recently introduced guidance that pension fund trustees need to take ESG considerations into account in their portfolios. Although this raises questions about whether investing in such lower-yielding assets cuts across pension schemes’ fiduciary responsibility to achieve the best financial outcome for their members.\u003C\u002Fp\u003E\n\u003Cp\u003EA third explanation is that the demand reflects non-economic factors – a belief that investing in such assets will lead to increased green investment, creating long-term benefits for society. There was not yet concrete evidence that such programmes generate more investment than would otherwise have been the case, however.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhat role can sovereign green bonds play for emerging markets? \u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EMatteo Bigoni\u003C\u002Fstrong\u003E (British International Investment - formerly CDC Group) followed by describing the purpose of sovereign green bonds from the perspective of a development finance institution.\u003C\u002Fp\u003E\n\u003Cp\u003EBritish International Investment (BII) had recently published its new five-year strategy, under which it will commit to allocating at least 30% of new investments into climate finance. The geographical regions in which it operates have also expanded, and include sub-Saharan Africa, South-East Asia and the Caribbean. This reflects their development objective to achieve social impact as well as climate impact.\u003C\u002Fp\u003E\n\u003Cp\u003EThe societies that are most susceptible to the adverse effects of climate change are those that are most vulnerable at present. Recognising this, the BII’s priorities are in quantifying the impact that sovereign green bonds can have in alleviating such effects – for example, by financing adaptation and resilience initiatives in developing countries.\u003C\u002Fp\u003E\n\u003Cp\u003ESovereign green bonds also offer a perfect financial vehicle for countries to finance the pledges they have made to reduce greenhouse gas emissions to levels consistent with the Paris Agreement (i.e., their \u003Ca href=\"https:\u002F\u002Funfccc.int\u002Fprocess-and-meetings\u002Fthe-paris-agreement\u002Fnationally-determined-contributions-ndcs\u002Fnationally-determined-contributions-ndcs\"\u003Enationally determined contributions (NDCs)\u003C\u002Fa\u003E). The large-scale investment required for the transition will create strains on public finances, which can be alleviated by sovereign green bonds. Issuing such bonds can also act as a commitment device, signalling the direction of travel to stakeholders and helping to kickstart private sector green bond issuance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EWhat are potential limitations of sovereign green bonds and the UK’s programme?\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESarah Bracking\u003C\u002Fstrong\u003E (King's College London) ended the initial round of presentations by offering some critical reflection on the promises and limitations of the UK’s sovereign green bond programme.\u003C\u002Fp\u003E\n\u003Cp\u003EFirst, while this is a promising initiative by the government, green gilts still only account for a small portion of overall funds raised through government bond issuance. There is scope to expand the scale of this programme significantly – a point reinforced by the fact that the order book was 12 times oversubscribed by investors.\u003C\u002Fp\u003E\n\u003Cp\u003ESecond, the extent of “additionality” (i.e., new investment that would not otherwise have occurred) created by this programme is unclear. Some of the proceeds can be spent on eligible expenditures that have already occurred. Moreover, the funding is not entirely ring-fenced as HM Treasury maintains the right to manage any unallocated proceeds. And there is no guarantee that governmental departments that are successful in securing some of the proceeds of green gilts will not see an offsetting reduction in their normal funding.\u003C\u002Fp\u003E\n\u003Cp\u003EThird, while impressive, the impact framework requires further work to refine some of the indicators used. There are also questions about how the UK’s green taxonomy will dovetail with the EU’s taxonomy published last year given the benefits for investors of standardisation. Sarah emphasised that climate change is a social problem primarily and monitoring the distribution of the costs and benefits of a just transition requires a wider frame of reference than the impact monitoring framework provided by this programme.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EGeneral discussion\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EIn the ensuing discussion, the panellists explored some of these issues further, alongside questions from the audience.\u003C\u002Fp\u003E\n\u003Cp\u003EResponding to a question about the small scale of the green bond market, \u003Cstrong\u003EPhilip Smith\u003C\u002Fstrong\u003E noted that in the UK’s case, this undoubtedly reflected the newness of the sovereign green bond programme. The experience in other countries has been that sovereign issuance leads to a scaling up of issuance in the private green bond market. He also noted that there remain challenges with the definition and administration of green taxonomies to ensure that the quality of green bonds is maintained.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMatteo Bigoni \u003C\u002Fstrong\u003Eexplained that when deciding whether to invest in a green bond, BII employs the taxonomy used by other multinational development banks, such as IFC and EBRD. This attempts to define green in a granular way based on the intrinsic features of the underlying eligible assets, helping to reduce the risk of “greenwashing”. He also noted the importance of alignment in methodologies, which help to promote transparency, consistency and coherence in this market.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E reinforced this point, stressing the need for interoperability across green taxonomies in national jurisdictions. In response to a question as to why the UK government had not used the principles developed by the Climate Bonds Initiative, he explained that the UK’s taxonomy has wider scope, covering environmental aims as well as those relating to climate change.\u003C\u002Fp\u003E\n\u003Cp\u003EIn response to a question from the audience, \u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E explained that, in the UK, as in most other countries, revenue flows from taxes or borrowing cannot be hypothecated to particular projects. The principles, taxonomy, verification and reporting requirements of this programme guarantee to investors that the proceeds will be earmarked in the advertised way. \u003Cstrong\u003EMatteo Bigoni\u003C\u002Fstrong\u003E noted that this inability to ringfence the proceeds created a challenge for investors, particularly those investors in countries with greater political instability and lower confidence in the government.\u003C\u002Fp\u003E\n\u003Cp\u003EOn plans for this scheme going forward, the Chancellor of the Exchequer’s Spring Statement had outlined plans for a minimum of £10 billion further green gilts issuance in 2022-23. This was somewhat lower than markets had expected. \u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E explained that the scale of the programme was constrained by the amount of eligible expenditure in the window. The forward-looking nature of the scheme meant there was a trade-off between additionality and providing ex ante transparency to investors on how the funds would be allocated. But the Committee on Climate Change had estimated that the UK would require £50bn per year for next 30 years to finance the transition to net zero (a legally binding commitment). While not all this would come from the public sector, it was inevitable that the scale of this scheme would increase in future.\u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=nd-k3r_9bhY"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Sovereign green bonds: What role can they play in the transition to net zero?"},{"summary":"The economic crisis triggered by the Covid-19 pandemic, coupled with historically low interest rates and persistently low inflation, is prompting a rethink of central banks’ toolkit globally.","entryThumbnail":null,"image":{"altText":"Seat of the European Central Bank and Frankfurt Skyline at dawn","transformations":"w=838&h=440&crop=780,440,29,0","caption":"Seat of the European Central Bank and Frankfurt Skyline at dawn. Photo by DXR on Wikimedia Commons.","asset":{"entryTitle":"Seat_of_the_European_Central_Bank_and_Frankfurt_Skyline_at_dawn_20150422_1","entryDescription":null,"sys":{"id":"8214a41d-fb64-41c2-830c-9b2709400b77","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fseat-of-the-european-central-bank-and-frankfurt-skyline-at-dawn-20150422-1.x5cc3893a.jpg?w=838&h=440&crop=780,440,29,0"}}},"regions":[{"entryTitle":"Europe","entryDescription":null,"entryThumbnail":null,"sys":{"id":"bd59677c-1de6-47c2-ad9d-542e6c479ea3","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2020-12-17T10:00:00","searchOptions":null,"entryDescription":"The economic crisis triggered by the Covid-19 pandemic, coupled with historically low interest rates and persistently low inflation, is prompting a rethink of central banks’ toolkit globally.","relatedEvent":null,"relatedLinks":[],"title":"Is the time right for negative rates in the UK?","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-12-17T12:31:33.2291967Z","versionNo":"5.0","modified":"2022-10-04T12:23:19.2074123Z","modifiedBy":"k1812479","published":"2022-10-04T12:23:27.6376672Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7f106346-5af9-41a2-ba62-6cd2df7da559","projectId":"website","slug":"is-the-time-right-for-negative-rates-in-the-uk","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":"David Aikman and Francesca Monti","articleContent":[{"type":"markup","value":"\u003Cp\u003EIn the UK, in the last decade, the Monetary Policy Committee (MPC) has discussed the opportunity of rates venturing in negative territory on several occasions. In 2016, after the Brexit Referendum, when the MPC deployed an expanded set of unconventional tools, it deemed that the effective lower bound on the nominal rate was “close to, but above zero per cent”. Since then, a growing number of central banks – the Sverige Riksbank, Danmarks Nationalbank, the Swiss National Bank, the European Central Bank and the Bank of Japan – have set negative nominal interest rates.   \u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"Note: Sveriges Riksbank - Repo rate ultimo, BoJ - uncollateralised overnight call rate, SNB - middle of the target range for 3-month LIBOR rate in CHF \u002Ffrom 2019 SNB policy rate, DK - certificates of deposits rate, ECB - Deposit rate. ","asset":{"entryTitle":"Policy Rates for Several Banks","entryDescription":null,"sys":{"id":"6e76bde3-42c8-4b76-a4c0-105afe1c9cca","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch\u002Fpolicy-rates-for-several-banks.x9086ae80.png"}}}},{"type":"markup","value":"\u003Cp\u003EWith the Covid-19 pandemic putting further strain on policymakers’ arsenal, the idea of negative rates has gathered further support. For example, external MPC member Gertjan Vlieghe voiced cautious support for the idea \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002F-\u002Fmedia\u002Fboe\u002Ffiles\u002Fspeech\u002F2020\u002Fassessing-the-health-of-the-economy-speech-by-gertjan-vlieghe.pdf?la=en&hash=6F764B4A74358C059E7BCE6C322C3DDE7746AC77\" data-gener8=\"tracked\"\u003Ein a recent speech on 20 October 2020\u003C\u002Fa\u003E and external MPC member Silvana Tenreyro pointed to “encouraging” evidence from other countries (in \u003Ca href=\"https:\u002F\u002Fwww.telegraph.co.uk\u002Fbusiness\u002F2020\u002F09\u002F26\u002Fbank-england-official-defends-negative-rates-recovery-interrupted\u002F\" data-gener8=\"tracked\"\u003Ean interview in the \u003Cem\u003ESunday Telegraph\u003C\u002Fem\u003E, 26 September 2020\u003C\u002Fa\u003E).  The idea of negative rates remains controversial on the MPC, however, with internal members highlighting implementation challenges (see \u003Ca href=\"https:\u002F\u002Fuk.reuters.com\u002Farticle\u002Fus-britain-boe-ramsden\u002Fboes-ramsden-sees-no-case-for-negative-rates-now-idUKKBN2761QH\" data-gener8=\"tracked\"\u003EDave Ramsden interview on 21 October 2020\u003C\u002Fa\u003E).   \u003C\u002Fp\u003E\n\u003Cp\u003EInterestingly Overnight Index Swap rates 12 months out have been negative since May 2020 (at 30 November, the 12-month ahead forward rate is -0.02 per cent), suggesting that financial markets expect Bank Rate to dip below zero.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this blog we discuss the costs and benefits of negative interest rates and, based on theory and the growing body of empirical evidence, we give our opinion on where the balance of this trade-off lies.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch2\u003E\u003Cstrong\u003EThe theory\u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EIs negative interest rate policy (NIRP) effective and are there limits to this effectiveness? In principle, in a world without cash or if policymakers could take measures to avoid the hoarding of physical currency, there would be no “lower bound” on the interest rates that can be set by central banks. There would be nothing special about setting a negative rate in such a world (\u003Ca href=\"https:\u002F\u002Fscholar.harvard.edu\u002Ffiles\u002Frogoff\u002Ffiles\u002Flilley_rogoff_implenting_effective_negative_rate_policy_sept_2019.pdf\" data-gener8=\"tracked\"\u003ELilley and Rogoff, 2019\u003C\u002Fa\u003E). With paper currency in circulation, however, households and companies avoid the negative return on deposits by holding cash instead, rendering the policy ineffective. John Maynard Keynes dubbed this a “liquidity trap”. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EBut what exactly is the lower bound on rates? Banks, other companies and households with very large deposits are potentially willing to pay something for the storage and liquidity services provided by reserves and deposits, so the lower bound on rates might be lower than zero. Based on evidence from Sweden, Eggertson et al. (2019) suggest that there are two bounds: a “policy rate bound,” at which the banks would rather hold paper currency than reserves, and a “deposit rate bound,” which instead affects retail household deposits. They find that the pass-through in Sweden remained relatively unchanged until the policy rate reached -0.25 per cent.\u003C\u002Fp\u003E\n\u003Cp\u003EThey also find that lending rates do not respond to policy cuts once the deposit lower bound is reached, especially those offered by banks that rely more heavily on deposits for their financing. The authors develop a model to show that the impact of negative policy rates on bank profits is a sufficient statistic for the qualitative impact of negative policy rates on bank lending. The intuition is that bank profits increase if the effective pass-through of negative policy rates is larger to bank liabilities (including deposits) compared to bank assets (including lending). \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EAnother explanation for why interest rate cuts can weaken banks’ ability to lend is proposed by \u003Ca href=\"https:\u002F\u002Fscholar.princeton.edu\u002Fsites\u002Fdefault\u002Ffiles\u002Fmarkus\u002Ffiles\u002F25b_reversalrate.pdf\" data-gener8=\"tracked\"\u003EBrunnemeier and Koby (2019)\u003C\u002Fa\u003E. They develop a model in which what they call the “reversal interest rate” i.e. the rate at which interest rate cuts stop boosting the economy is endogenous and depends on the size of the banks’ maturity transformation. The intuition is that an interest rate cut affects banks’ net worth in two opposing ways. The capital gains the bank makes on assets with long-term fixed-rate coupon payments (e.g. bonds) are offset by the impact the rate cut has on banks’ future net interest income. If the latter effect dominates, banks’ net worth falls, making the capital constraint they face more proximate. When this constraint binds, banks charge higher lending rates in order to decrease their leverage. The reversal rate in this setting can be positive or negative and depends on the size of the capital gains, the overall capitalisation of banks, and the deposit supply elasticity. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EEven if banks do not pass on negative interest rates to households and firms and their capital positions are weakened by the squeeze of the interest margins, \u003Ca href=\"https:\u002F\u002Fdrive.google.com\u002Ffile\u002Fd\u002F13cHX2CZKyVR8fpCag5_iPA0yw_AgDZM-\u002Fview\" data-gener8=\"tracked\"\u003EDe Groot and Haas (2020)\u003C\u002Fa\u003E suggest another channel through which lower rates can still be expansionary: the signalling channel. By setting negative policy rates, a central bank signals lower-for-longer rates, especially when there is a lot of policy inertia. Even though current deposit rates do not change, the policy change generates an expansionary intertemporal aggregate demand effect, which can offset the contractionary effect of negative interest rates due to the interest margin channel.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch2\u003E\u003Cstrong\u003EThe evidence \u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EThe existing empirical evidence on the effectiveness of negative interest rates is mixed. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003E\u003Ca href=\"https:\u002F\u002Fwww.nber.org\u002Fsystem\u002Ffiles\u002Fworking_papers\u002Fw25416\u002Fw25416.pdf\" data-gener8=\"tracked\"\u003EEggertson et al. (2019)\u003C\u002Fa\u003E use Sweden as a case study and find that, while the transmission of negative policy rate policy to money markets and other highly liquid assets, such as short-term government bonds, has been strong, the pass-through to lending rates fell substantially once rates fell below -0.25 per cent. This can be explained by Swedish banks’ reliance on retail deposit financing, the rates on which tend to be sticky at zero.\u003C\u002Fp\u003E\n\u003Cp\u003EHeider et al. (2019) focus on the Euro area and also find that banks are reluctant to pass on negative interest rates to retail depositors. They study the effect of the introduction of negative rates by the European Central Bank (ECB) in 2014 on the supply of bank credit using a so-called “difference-in-difference\" approach. They exploit the fact that the net worth of banks which rely heavily on retail deposits rather than market-based debt is hurt more because the decrease in rates does not transmit to lower funding costs for these banks. This adverse effect on their net worth leads the banks to lend to riskier borrowers while expanding the overall quantity of their lending by less than banks in the control group. A further finding is that these effects happen only when policy rates venture in negative territory; when rates are positive, the reliance on deposits is not relevant in determining the pass-through of rate changes to risk-taking and lending volumes.\u003C\u002Fp\u003E\n\u003Cp\u003EA more optimistic take on the effectiveness of negative interest rates take comes from \u003Ca href=\"https:\u002F\u002Fwww.ecb.europa.eu\u002Fpub\u002Fpdf\u002Fscpwps\u002Fecb.wp2289~1a3c04db25.en.pdf\" data-gener8=\"tracked\"\u003EAltavilla et al. (2020)\u003C\u002Fa\u003E who also look at the negative interest rate policy implemented by the ECB in 2014. They find that sound banks, i.e. investment-grade and similar, have tended to pass on negative interest rates to corporate depositors without experiencing a contraction in funding. Their result stems from the fact that they focus on corporate deposits rather than those of households. The majority of household deposits are small sums so in the presence of negative rates, they can be withdrawn and held as cash. Companies instead need deposits to operate and many have accumulated significant deposit holdings over the past decade. Sound balance sheets appear to give banks a degree of market power, which allows them to pass through interest rates cuts to wholesale deposit rates without seeing a drain on deposits. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EThe authors also find that the transmission of NIRP is enhanced by the fact that firms with large cash-holdings exposed to negative rates decrease their liquid asset holdings and invest more. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EIn sum, the evidence suggests a reduction of policy rates into negative territory is more likely to be passed on through the banking system the smaller the fraction of household deposits in bank funding, the stronger the health of the banking system, and the larger the cash holdings of corporates.\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ch2\u003E\u003Cstrong\u003EThe case of the UK \u003C\u002Fstrong\u003E\u003C\u002Fh2\u003E\n\u003Cp\u003EOne issue that central banks worry about when considering setting a negative rate is its effect on the banking system. The concern is that there might be behavioural or even legal frictions which impede the pass-through of negative policy rates to loan and deposit rates in the banking system. Evidence from the euro area suggests that this concern is particularly acute for retail deposits, with banks being generally unwilling to pass on negative rates to household deposit accounts. For this reason, banks’ net interest margins are likely to be squeezed when negative policy rates are set, and the effect is likely to be more pronounced the larger the share of retail deposits in the bank’s funding base. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EWhile this is a concern, our view is that such arguments should not prevent the Bank of England from setting a modestly negative Bank Rate. We say this for two reasons. First, household deposits make up a smaller share of UK banks’ funds than for their euro-area counterparts: household deposits are around 19 per cent of the UK banking system’s total liabilities but 30 per cent of that of the euro area banking system. So, any adverse impact on net interest margins for the UK banking system as a whole is likely to be smaller than that seen in the euro area.\u003C\u002Fp\u003E\n\u003Cp\u003ESecond, central banks have developed innovative ways of alleviating such adverse impacts – this may be particularly important for certain classes of intermediary that are highly reliant on deposit funding, such as building societies. Many central banks that have set negative policy rates have accompanied this with a system of tiering in the remuneration of reserves, with only excess reserves beyond a certain level carrying a negative rate. Another innovation is to provide term funding at a preferential rate to banks and building societies that is contingent on their continued lending to the real economy.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":true,"entryTitle":"Is the time right for negative rates in the UK?"},{"summary":"Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"image":{"altText":"QCGBF YE PRIZE FINALISTS 2022A","transformations":"w=780&h=440","caption":"","asset":{"entryTitle":"QCGBF YE PRIZE FINALISTS 2022A","entryDescription":null,"sys":{"id":"4166b4ea-c991-4653-b186-160d815da48b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize-finalists-2022a.xcc71c795.png?w=780&h=440"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2022-07-11T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","relatedEvent":{"entryTitle":"Qatar Centre for Global Banking & Finance Conference 2022: The Role of Central Banks in a Transforming World","entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 2nd annual conference in London on 5 & 6 July 2022.","entryThumbnail":null,"sys":{"id":"ca89ca7a-ce9a-4c75-a4a3-34b730a24cc3","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},"relatedLinks":[],"title":"Young Economist Prize Competition 2022 Winners","sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0841920","archived":null,"deleted":null,"createdBy":"","created":"2022-07-11T14:02:59.2585515Z","versionNo":"9.0","modified":"2024-04-25T13:57:03.2957389Z","modifiedBy":"k0841920","published":"2024-04-25T13:57:21.0586222Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"00b8b669-e2fc-44d5-98cf-b6ac23885a04","projectId":"website","slug":"young-economist-prize-competition-2022-winners","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe  Qatar Centre for Global Banking and Finance hosted its second annual Young Economist Prize competition open to PhD students of all nationalities enrolled on a programme in economics or finance. Entrants were asked to submit a research paper on the Centre's 2022 Conference theme: \u003Cem\u003EThe Role of Central Banks in a Transforming World\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003ESeven finalists were shortlisted for 2022 and were provided with the opportunity to attend the Center's annual conference in London, where they presented their papers in poster format. Finalists also attended the pre-conference economics careers workshop hosted by the Centre for final-year PhD students.\u003C\u002Fp\u003E\n\u003Cp\u003EThe winners of the competition were announced during the prize ceremony on 5 July 2022 by Dr Francesca Monti (Qatar Centre for Global & Finance), Professor David Aikman (Director, Qatar Centre for Global & Finance) and Dr Rhys Bidder (Deputy Director, Qatar Centre for Global & Finance). The winning paper received a £5000 cash prize, and the two runner-up papers were awarded a prize of £1000 each.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Selection Committee for 2022 was comprised of Professor Franck Portier (University College London), Dr Misa Tanaka (Bank of England) and Professor Martin Weale (King’s College London).\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"2022 Young Economist Prize finalists with David Aikman, Rhys Bidder and Francesca Monti.","asset":{"entryTitle":"QCGBF YE PRIZE 2022 Finalists","entryDescription":null,"sys":{"id":"4a34e6c9-e6ee-47e3-b95b-1f365df7949f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize-2022-finalists.x06d3764f.jpg"}}}},{"type":"markup","value":"\u003Ch2\u003ECongratulations to the winner and finalists of the 2022 competition\u003C\u002Fh2\u003E\n\u003Ch3\u003EWinner\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ENiklas Schmitz,\u003C\u002Fstrong\u003E University of Cambridge: \u003Cem\u003EThe Downside Risk Channel of Monetary Policy\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003ERunners Up\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EGhassane Benmir\u003C\u002Fstrong\u003E, London School of Economics: \u003Cem\u003EPolicy Interaction and the Transition to Clean Technology\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFabricius Somogyi\u003C\u002Fstrong\u003E, University of St. Gallen: \u003Cem\u003EDollar Dominance in FX Trading\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003EFinalists\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDavid Xiaoyu Xu\u003C\u002Fstrong\u003E, University of Texas at Austin: \u003Cem\u003EFinancial Market Structure and the Supply of Safe Assets: An Analysis of the Leveraged Loan Market\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFabian Seyrich\u003C\u002Fstrong\u003E, DIW Berlin School of Economics: \u003Cem\u003EA Behavioral Heterogeneous Agent New Keynesian Model\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EElizaveta Sizova\u003C\u002Fstrong\u003E, KU Leuven: \u003Cem\u003EBanks' Next Top Model\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EHillary Stein,\u003C\u002Fstrong\u003E Harvard University: \u003Cem\u003EGot Milk? The Effect of Export Price Shocks on Exchange Rates\u003C\u002Fem\u003E\u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=4AEIcL1vNcE"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe next Young Economist Prize competition will take place in Spring 2023.\u003C\u002Fp\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Young Economist Prize Competition 2022 Winners"},{"summary":"All the latest from across King's relating to COP27, climate, sustainability and more.","entryThumbnail":null,"image":{"altText":"Cop27 News 2","transformations":null,"caption":"King's is in the top 5 universities in the UK and Europe for acting to address social and environmental issues (THE Impact Rankings 2022)","asset":{"entryTitle":"Cop27 News 2","entryDescription":null,"sys":{"id":"72296162-0173-41a2-8a64-f11efdc5c28f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002Fcop27-news-2.x05b75f76.png"}}},"regions":[],"topics":[{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Community","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5e3e0215-8823-4fc5-9561-9b5d61a88d22","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"International relations","entryDescription":null,"entryThumbnail":null,"sys":{"id":"40059c8e-1855-4d23-bba7-68e3e58a8faf","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Partnerships for the goals (SDG 17)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"dad19340-518f-41be-a8dc-d6fcd23d81ad","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Policy","entryDescription":null,"entryThumbnail":null,"sys":{"id":"02b17556-8d82-4045-9c77-3bf52c5f9b55","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Reduced inequalities (SDG 10)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"a28a9bd1-b885-4c85-87e1-8cf03b924c1a","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Responsible consumption & production (SDG 12)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b3ff8bbd-b623-4c72-8059-ff9537ee590f","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Sustainable cities & communities (SDG 11)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"ecc2020e-e5d7-43b5-9df2-021bdee00f36","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"Faculty of Social Science & Public Policy","entryDescription":"sspp","entryThumbnail":null,"sys":{"id":"affd3ae9-0923-43cd-8d88-f4171acf0043","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King's Climate Research Hub","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c2d1b209-b55b-471f-bcff-0f7b997a5309","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Service at King’s","entryDescription":"service","entryThumbnail":null,"sys":{"id":"651338db-f62f-4ea4-9a8f-69096896dc6d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Culture","entryDescription":"cultural","entryThumbnail":null,"sys":{"id":"be2077ea-c269-4214-950d-7d03ff60e187","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Geography","entryDescription":"geography","entryThumbnail":null,"sys":{"id":"d3319a23-8841-47fd-b28a-24aca5d92f83","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Entrepreneurship Institute","entryDescription":"entrepreneurship","entryThumbnail":null,"sys":{"id":"97e63003-edef-4bf1-b79f-ccc3bce63228","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Entrepreneurship Institute","entryDescription":"entrepreneurship","entryThumbnail":null,"sys":{"id":"97e63003-edef-4bf1-b79f-ccc3bce63228","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Arts & Humanities","entryDescription":"artshums","entryThumbnail":null,"sys":{"id":"de6d85de-790b-4249-8221-286ef414416d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"The Dickson Poon School of Law","entryDescription":"law","entryThumbnail":null,"sys":{"id":"4e728aa8-6786-4c2f-8757-de73431dc70a","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2022-12-15T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"All the latest from across King's relating to COP27, climate, sustainability and more.","relatedEvent":null,"relatedLinks":[],"title":"News tracker: COP27 expert commentary and updates","sys":{"owner":"k2252411","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k2252411","created":"2022-11-01T16:32:18.6041235Z","versionNo":"59.0","modified":"2023-04-25T14:54:31.810454Z","modifiedBy":"k1812479","published":"2023-04-25T14:55:22.1752397Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"eeae022f-7c76-4a28-b64c-de0e82f0ca8d","projectId":"website","slug":"cop27-news-and-updates","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"Tamsin Edwards","entryDescription":"Professor in Climate Change","entryThumbnail":null,"sys":{"id":"b526b1fa-fe3d-4f9e-8090-b83c66c4080e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rachel Mills","entryDescription":"Senior Vice President (Academic)","entryThumbnail":null,"sys":{"id":"750237ef-93c1-4d0b-be82-40ce98532d1e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Frans Berkhout","entryDescription":"Assistant Principal (King’s Climate & Sustainability)","entryThumbnail":null,"sys":{"id":"747afcee-5768-48ed-a049-46d010f69255","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Michael Chadwick","entryDescription":"Professor of Ecology and Environmental Science","entryThumbnail":null,"sys":{"id":"cdca7d65-d07b-4087-af9e-34b0b15bff02","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Susannah Fisher","entryDescription":"Senior Research Fellow","entryThumbnail":null,"sys":{"id":"342917e3-0dc5-43c4-b098-be4105e9b06b","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Andreas Baas","entryDescription":"Professor of Aeolian Geomorphology","entryThumbnail":null,"sys":{"id":"a67e5215-2a5a-4aad-a4a2-3807b2e3fe5b","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Daanish Mustafa","entryDescription":"Professor in Critical Geography","entryThumbnail":null,"sys":{"id":"6597b33c-6507-431b-8f29-8fa5ab6fb70e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Alexandra Afia Von Ow","entryDescription":"PhD student ","entryThumbnail":null,"sys":{"id":"62677c40-f028-461a-b00a-f9ee06e9ecb0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Nick Butler","entryDescription":"Visiting Professor","entryThumbnail":null,"sys":{"id":"0797e612-5c88-435b-8b4c-025ad5937055","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Anatoly Zayats","entryDescription":"Professor of Physics","entryThumbnail":null,"sys":{"id":"ec2622cf-b371-43b3-8961-5ebadd3437ae","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Giana M Eckhardt","entryDescription":"Professor of Marketing","entryThumbnail":null,"sys":{"id":"23c88a0f-8c25-4604-9f2b-9a87fab439d1","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Anna Rebmann","entryDescription":"Lecturer in Social Entrepreneurship","entryThumbnail":null,"sys":{"id":"cd53e1f0-5708-4811-8636-3085b6af9ff7","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rachel Harrington-Abrams","entryDescription":"PhD student","entryThumbnail":null,"sys":{"id":"f04a38f5-647a-46e9-85b2-c6d6ac7ec602","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Ruyuan Liu","entryDescription":"PhD candidate","entryThumbnail":null,"sys":{"id":"eaa4b847-b5e4-4854-b86a-99f7541c1a75","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Andrew Shennan","entryDescription":"Tommy's Chair in Maternal and Fetal Health","entryThumbnail":null,"sys":{"id":"74e88ae2-c54f-4e7c-9e65-8c2d75db2891","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Nick Butler","entryDescription":"Visiting Professor","entryThumbnail":null,"sys":{"id":"0797e612-5c88-435b-8b4c-025ad5937055","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Megan Bowman","entryDescription":"Director of Centre for Climate Law & Governance","entryThumbnail":null,"sys":{"id":"46f78750-ae4b-4e78-93ab-7144aa787738","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Dr Duraid Ismail Jalili","entryDescription":"Senior Lecturer, Environment and Security","entryThumbnail":null,"sys":{"id":"bcae8060-d35d-4bfa-9aa1-07c81fd5bf8e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Ch2\u003E15 December \u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"COP27 debate - audience 1","transformations":"crop=3043,1947,6,257","caption":"","asset":{"entryTitle":"COP27 debate - audience 1","entryDescription":null,"sys":{"id":"a838b2e7-f6cb-4b98-b699-68b18af2c5db","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsustainabilty\u002Fgeneral\u002Fcop27-debate-audience-1.x72be9c4e.png?crop=3043,1947,6,257"}}},"text":"\u003Ch3\u003E\"The audience agreed that it is time for decisive actions and that this has to come from all areas of society including government, business, civil society, and the education sector.\"\u003C\u002Fh3\u003E\n\u003Cp\u003EFind out more about \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fcop27-debate-hosted-by-kings\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003Ethe debate at King's focused on the climate summit COP27 here. \u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E29 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"COP27 research implementation","transformations":null,"caption":"","asset":{"entryTitle":"COP27 research implementation","entryDescription":null,"sys":{"id":"e133c33e-9d42-424a-bc57-e5605deca70d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002Fcop27-research-implementation.xfd1beea3.png"}}},"text":"\u003Ch3\u003E\"One way to move past this and to accelerate action is to engage in the UN processes over the next year, and researchers have a unique role to play.\"\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Susannah Fisher \u003C\u002Fstrong\u003Eexplores the unique role researchers can play in the push to reduces emissions and accelerate action: \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fcop27-how-the-research-community-can-support-implementation\" target=\"_blank\" rel=\"noopener\"\u003ECOP27: How the research community can support implementation. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"COP27 Rachel","transformations":null,"caption":"","asset":{"entryTitle":"COP27 Rachel","entryDescription":null,"sys":{"id":"9f78c5cc-9761-4ecd-b025-b8fc38748e16","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002FPress-Photos\u002Fcop27-rachel.x4b3a5037.png"}}},"text":"\u003Ch3\u003E\"I had a very busy week engaging in the negotiations and establishing interview contacts for my research, as well as sharing the exciting work going on at King’s\"\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ERachel Harrington-Abrams\u003C\u002Fstrong\u003E takes us \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fpreview-kcl.cloud.contensis.com\u002Finside-cop27-understanding-hard-fought-wins-and-difficult-outcomes\" target=\"_blank\" rel=\"noopener\"\u003EInside COP27: understanding hard-fought wins and difficult outcomes. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E21 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"parliament","transformations":null,"caption":"","asset":{"entryTitle":"parliament","entryDescription":null,"sys":{"id":"f53507e6-8ce8-4dea-89a5-91c80025f0e4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fimg\u002Fparliament.x78347b5e.jpg"}}},"text":"\u003Ch3\u003EKing's climate scientist joins UK Parliament in research advisory role\u003C\u002Fh3\u003E\n\u003Cp\u003EIn a new role starting January 2023, \u003Cstrong\u003EDr\u003C\u002Fstrong\u003E \u003Cstrong\u003ETamsin Edwards\u003C\u002Fstrong\u003E will bring topical, policy-focused research on climate and environment to the desks of MPs, Lords and those working in Parliament. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fkings-climate-scientist-joins-uk-parliament-in-research-advisory-role\" target=\"_blank\" rel=\"noopener\"\u003ERead more about the appointment here. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch2\u003E18 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"World we got this podcast title image","transformations":null,"caption":"","asset":{"entryTitle":"WWGT podcast 780 450","entryDescription":null,"sys":{"id":"6b3d75b4-82fa-4cbe-ac43-25c49394d569","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Ffaculty-top-level\u002Fwwgt-podcast-780-450.x032adb00.png"}}},"text":"\u003Ch3\u003EAre we at a pivotal moment in the climate crisis?\u003C\u002Fh3\u003E\n\u003Cp\u003EThe latest podcase episode of \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fshows.acast.com\u002Fworldwegotthis\u002Fepisodes\u002Fare-we-at-a-pivotal-moment-in-the-climate-crisis\" target=\"_blank\" rel=\"noopener\"\u003EWORLD: we got this\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E, featuring \u003Cstrong\u003EProfessor Frans Berkhout \u003C\u002Fstrong\u003Eand \u003Cstrong\u003EDr Duraid Jalili,\u003C\u002Fstrong\u003E explores how recent events including war and economic crises have affected the priority of environmental issues and whether we still have time to make a difference. \u003C\u002Fp\u003E","align":"Right"}},{"type":"markup","value":"\u003Ch2\u003E17 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"Air Pollution i news","transformations":null,"caption":"","asset":{"entryTitle":"Air Pollution i news","entryDescription":null,"sys":{"id":"13b32a2f-e2aa-49fa-8686-34ee31ecfc98","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002Fair-pollution-i-news.xb7687b4b.png"}}},"text":"\u003Ch3\u003E\"Reducing environmental pollution is an urgent public health priority to protect our children’s futures.\"\u003C\u002Fh3\u003E\n\u003Cp\u003EFindings from the \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fair-pollution-puts-teenagers-at-risk-of-heart-disease\" target=\"_blank\" rel=\"noopener\"\u003Efirst comprehensive study\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E into the effects of air pollution on adolescents, \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Finews.co.uk\u002Fnews\u002Fhealth\u002Fuk-air-pollution-teenagers-risk-high-blood-pressure-heart-attacks-1974917\" target=\"_blank\" rel=\"noopener\"\u003Eas reported in i news today. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E15 November\u003C\u002Fh2\u003E"},{"type":"tweet","value":"https:\u002F\u002Ftwitter.com\u002Fkclgeography\u002Fstatus\u002F1592493960639172608?s=20&t=bKd9GONvWbthoSwp28xWgg"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"Susannah Fisher Tweet COP27","transformations":"crop=1446,986,0,26","caption":"","asset":{"entryTitle":"Susannah Fisher Tweet COP27","entryDescription":null,"sys":{"id":"b1588699-4ea0-4cd2-9388-f633c08a5dc3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002Fsusannah-fisher-tweet-cop27.x9bd1d06f.png?crop=1446,986,0,26"}}},"text":"\u003Ch3\u003E\"Missing 1.5C leads to terrible losses and every fraction of warming counts\"\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Susannah Fisher \u003C\u002Fstrong\u003Eshares \u003Ca href=\"https:\u002F\u002Ftwitter.com\u002FSusannahfisher\u002Fstatus\u002F1591423455727083521?s=20&t=4YE_fvoXzNJO6bARYGIErw\" target=\"_blank\" rel=\"noopener\"\u003Ea helpful round-up\u003C\u002Fa\u003E on the global state of play for adaptation at COP27, including why reducing emissions as quickly as possible is the best way to limit what we need to adapt to.\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"The edge of Vanderford Glacier, one of the major outlet glaciers that appears to be thinning and retreating in Wilkes Land, East Antarctica (credit: Richard Jones)","transformations":"crop=1385,792,0,49","caption":"","asset":{"entryTitle":"The edge of Vanderford Glacier, one of the major outlet glaciers that appears to be thinning and retreating in Wilkes Land, East Antarctica (credit: Richard Jones)","entryDescription":null,"sys":{"id":"7b3e466a-fa13-4c1a-9b46-bf36653480cb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FGeography\u002Fmain\u002Fthe-edge-of-vanderford-glacier-one-of-the-major-outlet-glaciers-that-appears-to-be-thinning-and-retreating-in-wilkes-land-east-antarctica-credit-richard-jones.x1e7c57d7.jpg?crop=1385,792,0,49"}}},"text":"\u003Ch3\u003EHow much can we limit the rising of the seas?\u003C\u002Fh3\u003E\n\u003Cp\u003EOn Wednesday 16 November, \u003Cstrong\u003EDr Tamsin Edwards \u003C\u002Fstrong\u003Ewill discuss leading an international team of scientists and using machine learning techniques in the most comprehensive effort yet to predict 21st century sea level rise.\u003C\u002Fp\u003E\n\u003Cp\u003EPresented by the Alan Turing Institute. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.turing.ac.uk\u002Fevents\u002Fturing-lectures-how-much-can-we-limit-rising-seas\" target=\"_blank\" rel=\"noopener\"\u003EMore information and tickets here. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E14 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"Banking and finance 2","transformations":"crop=4500,2708,0,199","caption":"","asset":{"entryTitle":"Banking and finance 2","entryDescription":null,"sys":{"id":"3cd6713e-5a9a-4532-9ef1-7161bf1fd5cb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002FBanking-and-finance-2.xa8c41a7d.jpg?crop=4500,2708,0,199"}}},"text":"\u003Ch3\u003E\"A clear imperative in addressing the climate crisis is to turn finance promises into climate action.\" \u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Megan Bowman\u003C\u002Fstrong\u003E, Director of the King's Centre for Climate Law and Governance, explores the subject in her paper \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=4083998\" target=\"_blank\" rel=\"noopener\"\u003ETurning Promises into Action: ‘Legal Readiness for Climate Finance’ and Implementing the Paris Agreement. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"tweet","value":"https:\u002F\u002Ftwitter.com\u002FKCL_Law\u002Fstatus\u002F1591711212286267392?s=20&t=JQc-e6_ONktQhdCWOh2gNQ"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E11 November\u003C\u002Fh2\u003E"},{"type":"markup","value":"\u003Ch3\u003EShould wealthier nations pay climate change compensation to those most affected?\u003C\u002Fh3\u003E\n\u003Cp\u003EEnergy economist \u003Cstrong\u003EProfessor Nick Butler \u003C\u002Fstrong\u003Eappeared on 'The Great Debate' on Sky News. \u003C\u002Fp\u003E"},{"type":"kalturaVideo","value":{"videoDescription":null,"videoTitle":"Should wealthier nations pay climate change compensation to those most affected?","kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FProfessor%20Nick%20Butler%20-%20The%20Great%20Debate\u002F1_ypgyk2v5"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"ice cap","transformations":"crop=780,425,0,0","caption":"","asset":{"entryTitle":"ice cap","entryDescription":null,"sys":{"id":"ec679720-bc1a-4125-847e-9932852bc6a7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002Fice-cap.x192f438f.jpg?crop=780,425,0,0"}}},"text":"\u003Ch3\u003E\"...financial regulators have a role to play in supporting efforts to decarbonise our economies.\"\u003C\u002Fh3\u003E\n\u003Cp\u003EFor the Financial Times (partner content), \u003Cstrong\u003EProfessor David Aikman\u003C\u002Fstrong\u003E \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.ft.com\u002Fpartnercontent\u002Fkings-business-school\u002Ffinancial-regulators-challenging-role-in-the-transition-to-net-zero.html?utm_source=FB&utm_medium=sustainability&utm_content=paid&fbclid=IwAR30lXsxSUlSZBmRebTJKv-5acWCNDYqmQ5bDDb3J0prC0I6noa7-geAprk\" target=\"_blank\" rel=\"noopener\"\u003Eexplores the financial regulators challenging role in the transition to net zero. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E10 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"Welcome Week 2022","transformations":"crop=2475,1431,0,62","caption":"","asset":{"entryTitle":"Welcome Week 2022","entryDescription":null,"sys":{"id":"2e00c290-83d0-47a5-877d-a678613bc634","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsustainabilty\u002FImages\u002Fwelcome-week-2022.x6d1a17cb.jpg?crop=2475,1431,0,62"}}},"text":"\u003Ch3\u003E\"Being selected as a finalist is a recognition of the difference that King’s students, staff, and alumni are making.\"\u003C\u002Fh3\u003E\n\u003Cp\u003EKing’s was shortlisted in three categories of the 2022 Green Gown Awards UK & Ireland in recognition of outstanding sustainability initiatives. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fgreen-gown-awards-2022\" target=\"_blank\" rel=\"noopener\"\u003ERead more here. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"Guardian Wood Fires","transformations":"crop=1290,868,0,12","caption":"","asset":{"entryTitle":"Guardian Wood Fires","entryDescription":null,"sys":{"id":"077a9950-6fb7-4e66-b8b9-b152c39262fb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002Fguardian-wood-fires.xb5651665.png?crop=1290,868,0,12"}}},"text":"\u003Ch3\u003ENew research: Indoor wood fires ‘dangerous’ for some pregnant women\u003C\u002Fh3\u003E\n\u003Cp\u003EAir pollution from cooking indoors over a fire of wood or charcoal could have life-threatening consequences for some pregnant women. Read more about the study, led by \u003Cstrong\u003EProfessor Andrew Shennan\u003C\u002Fstrong\u003E, \u003Ca href=\"https:\u002F\u002Fwww.theguardian.com\u002Fglobal-development\u002F2022\u002Fnov\u002F09\u002Findoor-wood-fires-dangerous-for-some-pregnant-women\" target=\"_blank\" rel=\"noopener\"\u003Ein The Guardian\u003C\u002Fa\u003E. \u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"free speech - microphone","transformations":null,"caption":"","asset":{"entryTitle":"free speech - microphone","entryDescription":null,"sys":{"id":"9b3c6dc8-fde4-43b5-a119-8bb77b694f6d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002Ffree-speech-microphone.x9424bc3c.jpg"}}},"text":"\u003Ch3\u003EReflections on COP27\u003C\u002Fh3\u003E\n\u003Cp\u003EKing's staff and students are invited to hear from climate researchers who attended COP as part of the King's delegation, as they reflect on their experiences at this year's climate summit. Panelists include \u003Cstrong\u003ERachel Harrington-Abrams, Susannah Fisher, Ruyuan Liu \u003C\u002Fstrong\u003Eand \u003Cstrong\u003EKate Greer\u003C\u002Fstrong\u003E. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Freflections-on-cop27\" target=\"_blank\" rel=\"noopener\"\u003ERegister here.  \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E9 November\u003C\u002Fh2\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EDr Susannah Fisher \u003C\u002Fstrong\u003Eis in attendance at the COP27 summit in Egypt, and is sharing updates in her \u003Ca href=\"https:\u002F\u002Fsusannahfisher.substack.com\u002F\" target=\"_blank\" rel=\"noopener\"\u003ESink or Swim\u003C\u002Fa\u003E newsletter about adapting to climate change. \u003C\u002Fp\u003E"},{"type":"tweet","value":"https:\u002F\u002Ftwitter.com\u002FSusannahfisher\u002Fstatus\u002F1590284117555707905?s=20&t=YVm5vg2O1_wFiLIgmzJwQA"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"Festival of Disruptive Thinking","transformations":"crop=1049,558,802,0","caption":"","asset":{"entryTitle":"Festival of Disruptive Thinking","entryDescription":null,"sys":{"id":"fa98d305-0e6b-418b-93e5-bacfefea6b3d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fdepartmentalimages\u002Fksei\u002Fei-brand\u002Fwebsite-banners\u002Ffestival-of-disruptive-thinking.x57569274.jpg?crop=1049,558,802,0"}}},"text":"\u003Ch3\u003ECould coming together as a collective help us gain faster, cheaper renewable sources of energy?\u003C\u002Fh3\u003E\n\u003Cp\u003EDo not miss \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fteams.microsoft.com\u002Fregistration\u002FFM9wg_MWFky4PHJAcWVDVg,MNv53iEgRUacrPcKiLSWLQ,jSScRoT53UaDc36kPCcqDw,vioMGLmawkuLlCX4YqQdeg,jTZyoDon90K6AwIQJ6I9oA,OWvgvhIUTEuj2xDu3SOBOw?mode=read&tenantId=8370cf14-16f3-4c16-b83c-724071654356&skipauthstrap=1\" target=\"_blank\" rel=\"noopener\"\u003EPeople Power Changing the Energy System\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E, part of the Entrepreneurship Institute's \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fentrepreneurship\u002Fwhat-is-entrepreneurship\u002Ffestival-of-disruptive-thinking\" target=\"_blank\" rel=\"noopener\"\u003EFestival of Disruptive Thinking\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E. On 23 November, \u003Cstrong\u003EDr Anna Rebmann\u003C\u002Fstrong\u003E from King’s Business School will explore working together might help us all to gain faster, cheaper and greater access to renewable sources of energy. \u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"main-plastics","transformations":null,"caption":"","asset":{"entryTitle":"main-plastics","entryDescription":null,"sys":{"id":"09fb6253-baf7-44bb-88dc-b207caf7e355","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Ffolsm\u002Fmain-article\u002Fsphes\u002Fmain-plastics.xe75c469e.png"}}},"text":"\u003Ch3\u003EFrom fashion to fast food: the myth of sustainable consumption\u003C\u002Fh3\u003E\n\u003Cp\u003EEducating consumers about their choices isn't enough, writes \u003Cstrong\u003EProfessor Giana Eckhardt \u003C\u002Fstrong\u003Efrom King's Business School\u003Cstrong\u003E \u003Ca href=\"https:\u002F\u002Fwww.ft.com\u002Fpartnercontent\u002Fkings-business-school\u002Ffrom-fashion-to-fast-food-the-myth-of-sustainable-consumption.html?utm_source=FB&utm_medium=sustainability&utm_content=paid&fbclid=IwAR2nWomGCewL3jhp6ZOt68UBEc0SEa2Wh47kpkVlRL0af6aDktk0xLnxhMw\" target=\"_blank\" rel=\"noopener\"\u003Efor the Financial Times (partner content). \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"GaP disks on a photoelectrode for enhanced water splitting Ludwig Hüttenhofer","transformations":"crop=2500,1518,0,1466","caption":"","asset":{"entryTitle":"GaP disks on a photoelectrode for enhanced water splitting Ludwig Hüttenhofer","entryDescription":null,"sys":{"id":"10325043-4068-4cd0-aaa2-bfe3f527395b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FNMS\u002FPhysics\u002FNews\u002Fgap-disks-on-a-photoelectrode-for-enhanced-water-splitting-ludwig-hüttenhofer.xcdb97b08.jpg?crop=2500,1518,0,1466"}}},"text":"\u003Ch3\u003ECould the world’s most abundant energy source – light – solve one of the most pressing demands for a sustainable society?\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EProfessor Anatoly Zayats\u003C\u002Fstrong\u003E from King’s is leading a multidisciplinary team of physicists and chemists to\u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fkings-researcher-leads-10million-epsrc-grant-investigating-light-driven-energy-conversion\" target=\"_blank\" rel=\"noopener\"\u003E investigate reducing the energy required in key chemical processes\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E., thanks to a £10 million EPSRC grant. \u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E8 November \u003C\u002Fh2\u003E"},{"type":"markup","value":"\u003Cp\u003EDr Tamsin Edwards spoke to BBC Newscast, covering global warming thresholds and global opinions , the importance of the COP26 deforestation pledge and much more. \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.bbc.co.uk\u002Fsounds\u002Fplay\u002Fp0ddkvdp\" target=\"_blank\" rel=\"noopener\"\u003EListen to the episode here. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"kalturaVideo","value":{"videoDescription":"Dr Tamsin Edwards spoke to BBC Newscast, covering global warming thresholds and global opinions , the importance of the COP26 deforestation pledge and much more. ","videoTitle":"\"The language is ramping up as the urgency increases\"","kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FDr%20Tamsin%20Edwards%20-%20BBC%20Newscast\u002F1_nkdr9unk"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"FT Climate Action","transformations":"crop=758,447,0,15","caption":"","asset":{"entryTitle":"FT Climate Action","entryDescription":null,"sys":{"id":"46a65dd0-5935-4723-8ef0-48a0a4cb1413","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002Fft-climate-action.xed1827a3.png?crop=758,447,0,15"}}},"text":"\u003Ch3\u003E\"The events of the past year have radically altered Europe’s energy policy.\"\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ENick Butler\u003C\u002Fstrong\u003E, Visiting Professor at King's Policy Institute, writes for the Financial Times: \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fon.ft.com\u002F3Tg1On1\" target=\"_blank\" rel=\"noopener\"\u003EEuropean crisis risks climate action reputation.\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"CSD_climatechangeimpactdrought","transformations":"crop=5184,2776,0,367","caption":"","asset":{"entryTitle":"CSD_climatechangeimpactdrought","entryDescription":null,"sys":{"id":"a031bc47-31c7-4e84-be6b-1d7d39a3295a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FSecurity\u002Fresearch-centres-groups\u002FCSD-climatechangeimpactdrought.x29973dcb.jpg?crop=5184,2776,0,367"}}},"text":"\u003Ch3\u003E\u003Cstrong\u003E\"In the past months... the most extreme weather events in the African region have been largely unreported.\"\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EAlexa von Ow\u003C\u002Fstrong\u003E from the African Leadership Centre on \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fclimate-action-is-unlikely-to-adequately-relieve-the-climate-crisis\" target=\"_blank\" rel=\"noopener\"\u003Ewhy climate action is unlikely to adequately relieve the climate crisis. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"online-learning","transformations":"crop=6942,3438,0,172","caption":"","asset":{"entryTitle":"online-learning","entryDescription":null,"sys":{"id":"8ed60794-0f77-4237-a918-40ce27d4b53e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fdentistry\u002Fresearch\u002FNew-research-group-images\u002Fpsychology-in-dentistry-group\u002Fonline-learning.x5b884fe4.jpg?crop=6942,3438,0,172"}}},"text":"\u003Ch3\u003E\"I learned to appreciate the intersectionality of the effects of climate change as well as climate action”\u003C\u002Fh3\u003E\n\u003Cp\u003EWant to learn more about COP27 and wider climate action? \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fblogs.kcl.ac.uk\u002Fsustainability\u002Fkeats-sustainability-climate-module\u002F\" target=\"_blank\" rel=\"noopener\"\u003EEnroll on the KEATS Sustainability & Climate module.\u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E7 November \u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"Destruction in Pakistan by flood","transformations":"crop=2621,1438,259,182","caption":"","asset":{"entryTitle":"Destruction in Pakistan by flood","entryDescription":null,"sys":{"id":"320badfa-9c9c-46b0-8626-f8f9faf0cd0e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FGeography\u002Fmain\u002Fdestruction-in-pakistan-by-flood.x07e5bfd2.jpg?crop=2621,1438,259,182"}}},"text":"\u003Ch3\u003E\"Climate change is happening and under it, past expectations of averages and normality are simply not going to hold.\"\u003C\u002Fh3\u003E\n\u003Cp\u003EAs leaders gather at the COP27 summit, \u003Cstrong\u003EProfessor Daanish Mustafa\u003C\u002Fstrong\u003E explores \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpakistan-must-get-rid-of-colonial-mindset-on-water\" target=\"_blank\" rel=\"noopener\"\u003Ewhat it means to decolonise water, especially in Pakistan. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"Weathervane","transformations":"crop=670,390,0,21","caption":"","asset":{"entryTitle":"Weathervane We Not I","entryDescription":null,"sys":{"id":"3eca4bed-5ef6-43b9-b7d8-62c4719f5686","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FCultural\u002Fweathervane-we-not-i.x06a775fb.jpg?crop=670,390,0,21"}}},"text":"\u003Ch3\u003EHow do we create space for King’s students to share their climate hopes and fears, their dreams for a just and sustainable future?\u003C\u002Fh3\u003E\n\u003Cp\u003EDo not miss \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fweathervane-we-not-i\" target=\"_blank\" rel=\"noopener\"\u003E'\u003Cstrong\u003EWeathervane: : We Not I',\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003Ea joyful showcase of climate-inspired art and creative research, a student-led call to action.\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E4 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"sand dunes news 1","transformations":"crop=1005,702,0,0","caption":"","asset":{"entryTitle":"sand dunes news 1","entryDescription":null,"sys":{"id":"a1da6831-4693-4960-8280-768733b8e585","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fimage-library\u002Fsand-dunes-news-1.xcc932ffd.png?crop=1005,702,0,0"}}},"text":"\u003Cp\u003E \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fwind-climate-change-threatens-to-bury-entire-villages-under-sand\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003EA new study by King's researchers\u003C\u002Fstrong\u003E,\u003C\u002Fa\u003E including \u003Cstrong\u003EDr Andreas Baas\u003C\u002Fstrong\u003E, shows that global warming is set to change the face of deserts, transforming the shapes and dynamics of the sand dunes.\u003C\u002Fp\u003E\n\u003Ch3\u003E\"A lot of people tend to think of the desert as an unchanging place, an eternal static environment and our studies are suggesting that this could really change in the future.”\u003C\u002Fh3\u003E\n\u003Cp\u003EThe i newspaper ran this exclusive research, available \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Finews.co.uk\u002Fnews\u002Fenvironment\u002Fancient-sand-dunes-egypt-pyramids-disappear-end-century-1952185\" target=\"_blank\" rel=\"noopener\"\u003Ehere. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"sustainability-aerial-forest-01-hero","transformations":"crop=960,588,943,0","caption":"","asset":{"entryTitle":"sustainability-aerial-forest-01-hero","entryDescription":null,"sys":{"id":"0aa274ac-b1a9-4937-949e-bf731d67630d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsustainabilty\u002Fhero\u002Fsustainability-aerial-forest-01-hero.x596cb173.png?crop=960,588,943,0"}}},"text":"\u003Ch3\u003E\"The changing severity and frequency of climate-related hazards mean the baseline against which any improvement is made is changing.\"\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Susannah Fisher\u003C\u002Fstrong\u003E, Senior Research Fellow in the Department of Geography, explores \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fhow-do-we-measure-the-success-of-adaptation-and-does-it-matter\" target=\"_blank\" rel=\"noopener\"\u003Ewhy we need to measure the success of climate adaptation policies. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E3 November\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"globe","transformations":null,"caption":"","asset":{"entryTitle":"globe","entryDescription":null,"sys":{"id":"d31ea8c1-e627-49e3-b529-e2183c47d23a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fdepartmentalimages\u002Fstudent-advice\u002Fglobe.xae15c37d.jpg"}}},"text":"\u003Ch3\u003E\"It’s a sort of Glastonbury of climate politics and activism, only with the future of the world at stake.\"\u003C\u002Fh3\u003E\n\u003Cp\u003EAhead of the twenty-seventh Conference of the Parties of the United Nations Convention on Climate Change (UNFCCC), \u003Cstrong\u003EFrans Berkhout\u003C\u002Fstrong\u003E, Professor of Environment, Society, and Climate, asks\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fclimate-cop27-do-climate-summits-make-a-difference\" target=\"_blank\" rel=\"noopener\"\u003E \u003Cstrong\u003E'Do climate summits make a difference?' \u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"BREAK"}},{"type":"markup","value":"\u003Ch3\u003EClimate Action Network\u003C\u002Fh3\u003E\n\u003Cp\u003EDid you know King's has a \u003Ca href=\"https:\u002F\u002Fblogs.kcl.ac.uk\u002Fsustainability\u002Fwhats-on\u002Fget-involved\u002Fkings-climate-action-network\u002F\"\u003EClimate Action Network? \u003C\u002Fa\u003EMade up of over 400 members, this open, interdisciplinary forum brings together people from the King’s community who are passionate about sustainability and climate. \u003C\u002Fp\u003E"},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=Ydpp81DQBYo"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E27 October\u003C\u002Fh2\u003E\n\u003Cp\u003EKing's climate scientist \u003Cstrong\u003EDr Tamsin Edwards\u003C\u002Fstrong\u003E contributed an essay to GretaThunberg's \u003Ca href=\"https:\u002F\u002Fwww.penguin.co.uk\u002Farticles\u002F2022\u002F10\u002Fglobal-warming-facts-greta-thunberg-climate-book\" target=\"_blank\" rel=\"noopener\"\u003EThe Climate Book.  \u003C\u002Fa\u003E\u003C\u002Fp\u003E"},{"type":"tweet","value":"https:\u002F\u002Ftwitter.com\u002Fflimsin\u002Fstatus\u002F1585584600147021824?s=20&t=g2jFqibFHQ076EFecOJqUg"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E12 October \u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"Rainforest trees","transformations":"crop=1920,1151,0,28","caption":"","asset":{"entryTitle":"Rainforest trees","entryDescription":null,"sys":{"id":"db9fc6e5-1946-4fb2-8181-a0fc143fc51a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FGeography\u002Fmain\u002Frainforest-trees.x752af14f.jpg?crop=1920,1151,0,28"}}},"text":"\u003Ch3\u003EThe entire planet’s ecosystems have been classified for the first time ever as part of a global study\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Michael Chadwick\u003C\u002Fstrong\u003E from the Department of Geography at King’s contributed to \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Ffirst-time-earths-ecosystems-classified\" target=\"_blank\" rel=\"noopener\"\u003Ethe landmark research\u003C\u002Fa\u003E. \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E26 September\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"London","transformations":null,"caption":"","asset":{"entryTitle":"London","entryDescription":null,"sys":{"id":"8adc8ab2-e428-4681-85dc-aac227a52e5b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002FLondon.x2b1e6581.jpg"}}},"text":"\u003Ch3\u003EKing's hosted the London edition of Walk2COP27.\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fmass-cooperation-fuels-climate-action-say-experts-at-londons-walk2cop27-event\" target=\"_blank\" rel=\"noopener\"\u003EThe event showcased how climate change is impacting London\u003C\u002Fa\u003E \u003C\u002Fstrong\u003Eand the solutions that are being deployed. \u003C\u002Fp\u003E\n\u003Cp\u003EKey government and industry professionals spoke on the implications of climate in England and in particular the transportation industry, including what’s needed to achieve decarbonisation, resilience, justice and circularity.\u003C\u002Fp\u003E","align":"Right"}},{"type":"quote","value":{"text":"The climate crisis is probably the most important issue of the time and it is global mass movements like Walk2COP27 – getting everyone united behind this one issue – that is probably the most important thing we can do today.","source":"Professor Rachel Mills, Senior Vice-President (Academic)"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Ch2\u003E10 August\u003C\u002Fh2\u003E"},{"type":"nestedImage","value":{"image":{"altText":"Thickness of ice in Antarctica, showing the location of the East Antarctic Ice Sheet (red outline).","transformations":null,"caption":"","asset":{"entryTitle":"Thickness of ice in Antarctica, showing the location of the East Antarctic Ice Sheet (red outline). Image credit: Guy Paxman, Durham University, UK.","entryDescription":null,"sys":{"id":"92b4b4cc-7035-4c49-97d3-921d2cc9c887","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FGeography\u002Fmain\u002Fthickness-of-ice-in-antarctica-showing-the-location-of-the-east-antarctic-ice-sheet-red-outline.-image-credit-guy-paxman-durham-university-uk..x5419d2e4.jpg"}}},"text":"\u003Ch3\u003EIf the Paris Agreement target is met, we can reduce the threat to millions of people and species inhabiting coastal areas.\u003C\u002Fh3\u003E\n\u003Cp\u003ENew research by scientists including \u003Cstrong\u003EDr Tamsin Edwards\u003C\u002Fstrong\u003E, from the Department of Geography, shows that the\u003Cstrong\u003E \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Ffate-of-the-worlds-biggest-ice-sheet-is-in-our-hands-scientists-say\" target=\"_blank\" rel=\"noopener\"\u003Efate of the world's biggest ice sheet is in our hands. \u003C\u002Fa\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E","align":"Right"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"There's been huge progress over the past decade in understanding uncertainties about Antarctica's future. Most studies predict a relatively small contribution from East Antarctica this century, and all show that limiting global warming to well below 2°C would keep this to less than a half a metre. But if we keep on increasing our emissions, we can't rule out contributions to sea level that are many times higher.","source":"Dr Tamsin Edwards, co-author and Reader in Climate Change"}}],"categories":[{"entryTitle":"Society","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3376166e-dba4-4824-9278-b4b710cddf81","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"News tracker: COP27 expert commentary and updates"},{"summary":"Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance","entryThumbnail":null,"image":{"altText":"A cloud of emissions floats from a factory or power station's tall chimney stacks","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Climate and emissions","entryDescription":null,"sys":{"id":"5ad25794-826f-40f8-9cfb-0d32d8407464","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002FLau-China\u002Fmain\u002Fclimate-and-emissions.x3d905752.jpg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Environment","entryDescription":null,"entryThumbnail":null,"sys":{"id":"69680bb5-a874-4b54-a20c-d2bd82ca6aa7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2023-10-03T12:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance","relatedEvent":null,"relatedLinks":[],"title":"New research shows how companies could be gaming their reported greenhouse gas emissions","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2023-07-21T08:44:54.0478652Z","versionNo":"1.0","modified":"2023-10-03T13:36:53.7415702Z","modifiedBy":"k1808181","published":"2023-10-03T13:37:15.086046Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8b4a6d12-fbaa-4c04-b8e7-0c8e99c53d51","projectId":"website","slug":"new-research-shows-how-companies-could-be-gaming-their-reported-greenhouse-gas-emissions","properties":{}},"intranet":false,"relatedCourses":[{"entryTitle":"Environmental, Social, Governance (ESG) Management","entryDescription":"The programme will introduce you to cutting-edge theoretical and applied research on the management of environmental, social, and governance matters. The topic areas covered are multi-disciplinary, and the programme will offer you research- and problem-based perspectives from fields as diverse as science, economics, accounting, finance, law, and strategy. ","entryThumbnail":null,"sys":{"id":"72911f58-b4d9-4aa8-9e34-539eeca2f93c","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fesg-management-2"}}],"relatedPeople":[{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Yao Dong","entryDescription":"PhD Student in Banking & Finance","entryThumbnail":null,"sys":{"id":"21797717-3001-49cd-aba7-fec969708f9e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Evangelos Drellias","entryDescription":"Research Affiliate, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"ec67d524-6da2-4af5-8198-7f3d5f37da47","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Swarali Havaldar","entryDescription":"Pre-doctoral Researcher, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"a661bdef-2afc-4050-bc01-ed771cc84c63","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ENew research by academics at King’s Business School has shown that companies are able to ‘game’ their reported greenhouse gas emissions to an extent that is both financially and environmentally material because of the discretion they have around the methods and datasets they use in their calculations. They found that by choosing a more flattering dataset and method as the basis for their emissions calculations, companies could engineer a reported emissions total between 4.6 and 6.7 times smaller than the total they would be required to report if they used the least flattering dataset and method.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EHow do organisations calculate their greenhouse gas emissions?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EBusinesses use emissions factor datasets to help them to calculate the CO2 equivalent (CO2e) emissions generated by each aspect of their business activities. The process involves multiplying each unit of activity by the relevant emission conversion factor and its scientifically understood global warming potential. Three main global emissions factor datasets, as well as multiple national datasets, are approved under the United Nations Framework Convention on Climate Change. These are; the UK Department for Environment, Food and Rural Areas (DEFRA) database, the US Environmental Protection Agency (US EPA) and EXIOBASE, used by the European Union and multiple countries worldwide.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EHow can this be gamed?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThere are currently no explicit rules requiring companies to disclose the datasets they use to calculate their CO2e emissions. The King’s Business School team, comprising; David Aikman, Yao Dong, Evangelos Drellias, Swarali Havaldar, Marc Lepere and Matthias Nilsson, set out to understand the difference made by a company’s choice of dataset and methods.\u003C\u002Fp\u003E\u003Cp\u003ETheir initial analysis found that the ‘emissions factors’ in the UK DEFRA dataset were on average 10% lower than those in the US-EPA dataset.\u003C\u002Fp\u003E\u003Cp\u003EThe team then took activity data from three real companies and prepared their CO2e emissions reporting based on the UK DEFRA and US EPA datasets. The case study companies’ business models resulted in emissions produced in variety of different ways, including manufacturing and assembling products, transport, buying electricity and business travel. Each type of activity falls into one of three different ‘Scopes’ for calculating emissions set out in the Greenhouse Gas protocol:\u003C\u002Fp\u003E"},{"type":"markup","value":"\u003Ctable style=\"border-collapse: collapse; width: 100%;\" border=\"1\"\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd style=\"width: 97.7706%;\"\u003E\u003Cp\u003E\u003Cstrong\u003EScope 1\u003C\u002Fstrong\u003E \u003Cstrong\u003Egreenhouse gas emissions\u003C\u002Fstrong\u003E are the direct emissions from sources that are controlled or owned by the company e.g. the quantity of fuels burned on-site or the quantity of fuel used in company-owned vehicles and equipment.\u003C\u002Fp\u003E\u003C\u002Ftd\u003E\u003C\u002Ftr\u003E\u003Ctr\u003E\u003Ctd style=\"width: 97.7706%;\"\u003E\u003Cp\u003E\u003Cstrong\u003EScope 2\u003C\u002Fstrong\u003E emissions arise from the generation of electricity bought and consumed by the company.\u003C\u002Fp\u003E\u003C\u002Ftd\u003E\u003C\u002Ftr\u003E\u003Ctr\u003E\u003Ctd style=\"width: 97.7706%;\"\u003E\u003Cp\u003E\u003Cstrong\u003EScope 3\u003C\u002Fstrong\u003E includes all other indirect emissions from a company’s activities, from the emissions from the goods and services it buys, to transport, waste processing, business travel and staff commuting. Where insufficient granular detail is available, businesses may calculate their emissions based on their spending on a type of activity.\u003C\u002Fp\u003E\u003C\u002Ftd\u003E\u003C\u002Ftr\u003E\u003C\u002Ftbody\u003E\u003C\u002Ftable\u003E"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EFindings\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThe researchers found that ‘Scope 3’ calculations varied the most when a different dataset was used, especially when they were based on the ‘spend based’ method of calculation. Many companies rely on this method because the data needed is so readily available to them. Overall, the researchers found that, for the companies in the study, switching from the UK DEFRA to the US EPA dataset would have increased their reported CO2e emissions by an average 5.4%. Research implies that if the companies were listed, this would result in a 1.9% hit to their share price.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"This matters because if business can’t, or won’t, calculate CO2e emissions accurately, then we can’t plot a proper path to keeping the global temperature at or below the 1.5C above pre-industrial levels that scientists see as a tipping point.","source":"Dr Marc Lepere, Executive Education Sustainability Lead, King’s Business school and Founder & Chief Scientific Officer of Omnevue"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EMaking emissions calculations more reliable\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003ETo address the potential gaming of CO2e reporting, the researchers make five policy recommendations:\u003C\u002Fp\u003E\u003Col\u003E\u003Cli\u003ERegulate preparers of GHG emissions calculations and require external audit.\u003C\u002Fli\u003E\u003Cli\u003ERequire reporting entities to disclose the proportion of all scopes that are covered and assured.\u003C\u002Fli\u003E\u003Cli\u003ERequire reporting entities to disclose the methods and datasets used in their emissions calculations up front in their accounts and to restate historical data to aid comparison.\u003C\u002Fli\u003E\u003Cli\u003ERequire reporting entities to calculate and disclose emissions using datasets that are representative of where the emissions producing activity takes place. Reporting entities should also report against different emission factor datasets, including both local and global.\u003C\u002Fli\u003E\u003Cli\u003ENational agencies should investigate categories of emissions factors with large variances across datasets.\u003C\u002Fli\u003E\u003C\u002Fol\u003E"},{"type":"quote","value":{"text":"Increasingly large sums of capital are being deployed either in line with Environmental, Social and Governance criteria or with the explicit aim of mitigating climate change. Investment managers need assurance that the data they are basing their decisions on is as robust and transparent as it can be. At the moment, it clearly isn’t.","source":"Professor David Aikman, Professor of Finance (Practice) and Director of the Qatar Centre for Global Banking & Finance"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":null},{"type":"postitNote","value":{"alignment":"Full width","title":"Find out more","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fresearch-papers\u002Fkbs-research-impact-paper-1-emissions-gaming.pdf\" target=\"_blank\" rel=\"noopener\"\u003ERead the full paper\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"New research shows how companies could be gaming their reported greenhouse gas emissions"},{"summary":"Experts from King’s hosted an event at COP28 in collaboration with the United Nations (UN), to examine the role of the financial services sector in the transition towards net zero emissions.","entryThumbnail":null,"image":{"altText":"COP28 (2)","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"COP28 (2)","entryDescription":null,"sys":{"id":"6bf597fd-8eda-4a78-9e29-1829798bcae9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fcop28-2.xc2211732.jpg?w=780&h=520&crop=780,440,0,40"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2023-12-14T08:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Experts from King’s hosted an event at COP28 in collaboration with the United Nations (UN), to examine the role of the financial services sector in the transition towards net zero emissions.","relatedEvent":null,"relatedLinks":[],"title":"Financial sector experts join King's event at COP28","sys":{"owner":"k2254674","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2254674","archived":null,"deleted":null,"createdBy":"k2254674","created":"2023-12-14T09:23:18.1418162Z","versionNo":"3.0","modified":"2023-12-19T11:27:28.1511688Z","modifiedBy":"k2254674","published":"2023-12-19T11:27:38.6242669Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0073f633-e5cf-4898-bfe3-3ed9e3254646","projectId":"website","slug":"financial-sector-kings-event-cop28","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ERepresentatives from leading financial services organisations around the world came together for the roundtable event in Dubai, to consider how the sector can mobilise funds to increase investment in new technologies and energy systems.\u003C\u002Fp\u003E\n\u003Cp\u003EChaired by \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fdavid-aikman\" target=\"_blank\" rel=\"noopener\"\u003EProfessor David Aikman\u003C\u002Fa\u003E, Director of the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\" target=\"_blank\" rel=\"noopener\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\" target=\"_blank\" rel=\"noopener\"\u003EKing’s Business School\u003C\u002Fa\u003E, the discussion aimed to join the dots between engineering innovation and finance.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"There has long been a sense that the financial sector needs to provide much more funding to green projects and carbon-reducing technology. But in order for this to happen at required scale, the sector needs to be given stronger incentives. This discussion presented an opportunity to hear from leading financial institutions globally about practical early-stage financial solutions currently being trialed, the key barriers they perceive to exist, and policy priorities.","source":"Professor David Aikman"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"UN event at COP28","entryDescription":null,"sys":{"id":"6d67f776-822e-4121-8142-7c56010b7662","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fun-event-at-cop28.x15a4d50b.jpg"}}}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EHosted in partnership with the \u003Ca href=\"https:\u002F\u002Fwww.unepfi.org\u002F\" target=\"_blank\" rel=\"noopener\"\u003EUN Environment Programme Finance Initiative\u003C\u002Fa\u003E, and \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\u002Fresearch\u002Fnet-zero-centre\" target=\"_blank\" rel=\"noopener\"\u003EKing's Net Zero Centre\u003C\u002Fa\u003E, as part of the ‘Sustainable Finance Forum’ series of events at COP28, the panel included:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EDr Mukund Rajan, Chairperson, ECube Investment Advisors\u003C\u002Fli\u003E\n\u003Cli\u003EAmit Puri, Global Head, Sustainable Finance, Standard Chartered Bank\u003C\u002Fli\u003E\n\u003Cli\u003EOmmid Saberi, Global Program Lead - Green and Resilient Buildings, International Finance Corporation\u003C\u002Fli\u003E\n\u003Cli\u003ELuanne Sieh, Group Chief Sustainability Officer, CIMB Group.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003ESpeakers shared a number of examples of where financial institutions have innovated in providing climate finance solutions, from loans with preferential interest rates for borrowers who meet their sustainability targets, to the role of “blended finance” (i.e. public-private cooperation) in mobilising capital.\u003C\u002Fp\u003E\n\u003Cp\u003EThe discussion also addressed the many barriers that prevent ideas and projects from being scaled up. Panel members advocated for a reduction in bank capital requirements for green projects and for a expanded role for carbon pricing and green taxonomies, particularly in emerging market economies.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fgulcin-ozkan\" target=\"_blank\" rel=\"noopener\"\u003EProfessor Gulcin Ozkan\u003C\u002Fa\u003E, Professor of Finance at King's Business School, was in the audience at the event. She said: “There appears to be no systematic definition of what makes an investment or project green (sustainable), especially in emerging economies.”\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fraul-rosales\" target=\"_blank\" rel=\"noopener\"\u003EProfessor Raúl Rosales\u003C\u002Fa\u003E, Strategic Engagement Lead at King's Net Zero Centre, added: \"There is plenty of work to do connecting the dots between engineering energy systems' innovation and disruptive low-carbon technologies, with policymakers and investors.”\u003C\u002Fp\u003E\n\u003Cp\u003EAs a result of roundtable, Professor Aikman and his colleagues are now preparing a policy briefing note which will be published in the early new year, featuring a list of recommendations that could help develop the financial sector’s ecosystem for investing in climate adaptation.\u003C\u002Fp\u003E"},{"type":"image","value":null}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":null,"doNot":false,"entryTitle":"Financial sector experts join King's event at COP28"},{"summary":"Student teams role-played as different financial bodies to discuss the role of central banks in the green transition","entryThumbnail":null,"image":{"altText":"kbsevent_2024-02-29_0271","transformations":"w=780&h=520&crop=780,440,0,80","caption":"Members of Team X representing the International Monetary Fund, delivering their opening statement.","asset":{"entryTitle":"kbsevent_2024-02-29_0271","entryDescription":null,"sys":{"id":"d1f0ba9f-b499-431d-bb6b-8a068c451d79","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fkbsevent-2024-02-29-0271.xfa9c7304.jpg?w=780&h=520&crop=780,440,0,80"}}},"regions":[],"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-03-07T15:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Student teams role-played as different financial bodies to discuss the role of central banks in the green transition","relatedEvent":null,"relatedLinks":[],"title":"King's Business School students take on the role of the world's financial regulators in a first-of-its-kind debate","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-03-06T11:30:43.9229656Z","versionNo":"6.0","modified":"2024-03-18T13:42:35.6983953Z","modifiedBy":"k1075632","published":"2024-03-18T13:42:44.3609168Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"81f35285-15c0-4558-8d15-a6b8be11c1be","projectId":"website","slug":"kings-business-school-students-take-on-the-role-of-the-worlds-financial-regulators-in-a-first-of-its-kind-debate","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Gulcin Ozkan","entryDescription":"Professor of Finance","entryThumbnail":null,"sys":{"id":"faed45bc-7789-4934-b1cb-08099e5b0fda","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Luca Taschini","entryDescription":"Senior Research Consultant, Climate Finance","entryThumbnail":null,"sys":{"id":"d8749cf4-8a60-45be-83a8-642effa5965c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EStudent teams from King’s College London argued from the perspectives of key global financial institutions in a first-of-its kind debate. Organised by \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fdavid-aikman\"\u003EProfessor David Aikman\u003C\u002Fa\u003E, Director of the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\"\u003EKing’s Business School\u003C\u002Fa\u003E, and \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fvioleta-fern%C3%A1ndez-di%C3%A9guez-8b3369228\u002F?originalSubdomain=be\"\u003EVioleta Fernández Diéguez\u003C\u002Fa\u003E, Political Economy alumna, the ‘Great Debate’ was designed to test students’ skills and help them to join the dots between monetary policy and financing the green transition.\u003C\u002Fp\u003E\n\u003Cp\u003EThe event followed a ‘model UN’ format, with members of student societies representing the US Federal Reserve, the International Monetary Fund, the Bank of England, Private Equity and a Sovereign Wealth Fund.\u003C\u002Fp\u003E\n\u003Cp\u003EA panel of expert judges from major financial institutions awarded three prizes; to a Winning Team, Runner-up Team and Best Individual Presenter. The audience voted on a fourth prize, awarded to an individual for their presenting skills.\u003C\u002Fp\u003E\n\u003Cp\u003EThe \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fthe-great-debate-the-role-of-central-banks-in-the-green-transition\"\u003E'Great Debate'\u003C\u002Fa\u003E was designed to allow students to understand the different institutions’ perspectives and macroeconomic realities, as well as the complex relationships between the institutions represented and their collective impact on the economy.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"Fantastic event with an impressive group of students and a lively debate on this important issue!","source":"Theresa Löber- Head of Climate Project Team at Bank of England"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"Theresa Löber questioning the students on the main challenges the UK is facing in regard to the green transition.","asset":{"entryTitle":"kbsevent_2024-02-29_0375","entryDescription":null,"sys":{"id":"ee6ee9bf-53bc-4bb0-8cb7-a521aaa5abed","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fkbsevent-2024-02-29-0375.xe76ca143.jpg"}}}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EKey topics addressed by the students and panel included the integration of climate considerations into monetary policy frameworks, the development of green finance initiatives, and the potential impact of central bank actions on mitigating climate-related risks to the economy.\u003C\u002Fp\u003E\n\u003Cp\u003ECentral banks, traditionally tasked with managing monetary policy and ensuring financial stability, are increasingly being called upon to address the challenges posed by climate change. They wield significant influence in shaping the trajectory of environmental sustainability and the debate helped contextualize pressing climate risks within the framework of students' academic degrees.\u003C\u002Fp\u003E\n\u003Cp\u003EThe judging panel included:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Ftheresa-l%C3%B6ber-685672123\u002F?originalSubdomain=uk\"\u003ETheresa Lober\u003C\u002Fa\u003E (Head of Climate Project Team at Bank of England)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fgulcin-ozkan\"\u003EProfessor Gulcin Ozkan\u003C\u002Fa\u003E (Professor of Finance, King's Business School)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fpeople\u002Fluca-taschini\"\u003EProfessor Luca Taschini\u003C\u002Fa\u003E (Chair of Climate Change Finance, University of Edinburgh)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fvioleta-fern%C3%A1ndez-di%C3%A9guez-8b3369228\u002F\"\u003EVioleta Fernández\u003C\u002Fa\u003E (Cabinet Member of Member of European Parliament, Eva Poptcheva)\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fdavid-carlin7\u002F\"\u003EDavid Carlin\u003C\u002Fa\u003E - (Head of Climate Risk, United Nations Environment Programme Finance Initiative)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"image","value":{"altText":"","transformations":null,"caption":"Private Equity team – Economics and Finance Society ","asset":{"entryTitle":"kbsevent_2024-02-29_0441","entryDescription":null,"sys":{"id":"f002d725-298b-4cbf-871e-86f949117eb7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fkbsevent-2024-02-29-0441.x401a4335.jpg"}}}},{"type":"quote","value":{"text":"Being questioned by experts on the panel was challenging yet rewarding, as it pushed me to articulate my views coherently while also accurately defending my institution's position. Consequently, the experience allowed me to gain a firsthand understanding of the intricate relationship between political and financial actors, and their influence on shaping societal landscapes. ","source":"Arshia Mehra- awarded Audience Best Speaker"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003E\u003Cu\u003ETeam Representatives\u003C\u002Fu\u003E\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EInternational Monetary Fund\u003Cstrong\u003E (Overall Winner) \u003C\u002Fstrong\u003E– Team X\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003ESalim Duman, Andrea Baschiera, Tasneem Ismail, Alisher Akhmadjonov\u003C\u002Fstrong\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe Bank of England\u003Cstrong\u003E (Runner up team)\u003C\u002Fstrong\u003E – King’s Entrepreneurship Society\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003EDev Deepak, Soumil Goteti, Lucia Fogarin, Jacob Lapienis\u003C\u002Fstrong\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe US Federal Reserve – King’s Business Club\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003ENishorgo Mostofa (Judge Best Speaker), \u003C\u002Fstrong\u003EBinamra Gurung,\u003Cstrong\u003E \u003C\u002Fstrong\u003EAdvait Joshi, Arjun Raman\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E Private Equity – Economics and Finance Society\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EAadi Gupta - Nikita Nanu -\u003Cstrong\u003E Arshia Mehra (Audience Best Speaker) -\u003C\u002Fstrong\u003E Alexander Kozlov\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003ESovereign Wealth – BAME In Green Transition\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELile Zhang Zhuo - Keng Seng Wong - Daksh Upadhyay - Aiden Wong\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"King's Business School students take on the role of the world's financial regulators in a first-of-its-kind debate"},{"summary":"Experts comment on the recent Bernanke Review into the Bank of England’s forecast process, highlighting five themes and offering recommendations","entryThumbnail":null,"image":{"altText":"BoE front","transformations":null,"caption":"","asset":{"entryTitle":"BoE front","entryDescription":null,"sys":{"id":"0b880eaf-b734-41e2-9ba6-69b1bbc4040a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcgbf\u002Fboe-front.x2f98ff10.png"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-04-22T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Experts comment on the recent Bernanke Review into the Bank of England’s forecast process, highlighting five themes and offering recommendations","relatedEvent":null,"relatedLinks":[],"title":"Leading economists make recommendations to improve the UK's inflation forecasting","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1811792","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-04-11T10:54:06.4470966Z","versionNo":"3.0","modified":"2024-04-25T08:16:26.0008059Z","modifiedBy":"k1811792","published":"2024-04-25T08:16:35.7244416Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"19569768-a9c0-4a44-8f32-a79b5f0aadb0","projectId":"website","slug":"a-new-e-book-collects-leading-economists-reactions-to-the-bernanke-review","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EOn Friday 12 April 2024, Dr Ben Bernanke, Nobel Laureate and former Chair of the Federal Reserve Board, published his landmark review into \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.bankofengland.co.uk%2Findependent-evaluation-office%2Fforecasting-for-monetary-policy-making-and-communication-at-the-bank-of-england-a-review%2Fforecasting-for-monetary-policy-making-and-communication-at-the-bank-of-england-a-review%23%3A~%3Atext%3DIn%2520July%25202023%2520the%2520Court%2Cduring%2520times%2520of%2520significant%2520uncertainty.&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938419568%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=7R1BJYInHW7mmP6YEKMmSqck0IuPCUa0CGqSt4SXE6c%3D&reserved=0\"\u003E“Forecasting for monetary policy making and communication at the Bank of England”\u003C\u002Fa\u003E. The Bernanke Review, as it has become known, was billed by Governor Andrew Bailey as a “once in a lifetime” opportunity to revise and update the UK's monetary policy framework, addressing the forecasting failures that led the Bank to underestimate the surge in inflationary pressure in the UK.\u003C\u002Fp\u003E\n\u003Cp\u003EA new e-book edited by \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fpeople%2Fdavid-aikman&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938432084%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=NAdog%2FBW6pgq%2F%2F3oy9b%2FTyjtRq79G%2FqjpkZxLZAiUC8%3D&reserved=0\"\u003EProfessor David Aikman\u003C\u002Fa\u003E, Director of the \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fresearch%2Fqatar-centre-global-banking-finance&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938440139%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=PZRF1YyfqNpsStitQ4x5TfwfH2corMN000oBTUzs4hw%3D&reserved=0\"\u003EQatar Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fbusiness&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938446858%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=HUAMVNUyOinzCHKLjxlpDV1anAqhLKmuzlef%2BHQY1Q4%3D&reserved=0\"\u003EKing’s Business School\u003C\u002Fa\u003E, and \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fmacroprudentialmatters.com%2Fauthor%2Frichard-barwell%2F&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938453017%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=cDYNB8UErJeDRPFe31IpqIiUDqtApusiYC7lmHSLvJg%3D&reserved=0\"\u003EDr Richard Barwell\u003C\u002Fa\u003E, Head of Macro Research at BNP Paribas Asset Management, collects reactions to the Bernanke Review from leading figures in the UK macroeconomic community. The contributors to this book include both academics and economists working in financial markets and business; many are former MPC members or former Bank staff economists with experience in the forecast and model development process.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"The Bernanke Report is a landmark review of the Bank of England’s forecasting process. This book compiles reactions to the Report from a large number of prominent macroeconomists in the UK. We hope the Bank finds the advice it contains helpful as it contemplates how to take Bernanke’s recommendations forward.","source":"Professor David Aikman"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003EFive themes in this compendium\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThere are five themes that run through this compendium. First are the feelings of surprise and regret to learn of the “serious deficiencies” in the forecast infrastructure highlighted in the Bernanke Report. Second is the qualified support for Bernanke’s recommendation to place more emphasis on scenarios. Third, are the mixed feelings around the demise of the fan chart at the expense of scenarios. Fourth, is the broad support for the principle of a staff forecast, which several contributors argue can resolve inherent tensions in the current process. And fifth is the sense of regret expressed by some that the Bernanke Review did not make a formal recommendation concerning publishing MPC-preferred rate paths.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"quote","value":{"text":"Bernanke’s suggestions will only be noticed by a tiny fraction of the British population who actually read the Bank’s publications. It is a pity that the benefits of what Dr Bernanke recommends will only be experienced by this tiny cult rather than the broader population that we need to win back.","source":"Dr Sushil Wadhwani, CBE"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe issues will be covered in more detail at the annual \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fbank-of-england-watchers-conference-2023\"\u003EBank of England Watchers' Conference\u003C\u002Fa\u003E, to be held in London in late November, where there will be a session dedicated to the Review and how to take forward Dr Bernanke’s recommendations. \u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Full width","title":"Read the full e-book","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-bernanke-review-into-the-bank-of-england's-forecast-process-responses-from-bank-of-england-watchers.pdf\" target=\"_blank\" rel=\"noopener\"\u003E'The Bernanke Review into the Bank of England’s forecast process: Responses from Bank of England watchers' \u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E(opens in new page)\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Leading economists make recommendations to improve the UK's inflation forecasting"},{"summary":"Congratulations to the finalists of the 2024 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"image":{"altText":"YOUNG ECONOMIST PRIZE 2024","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"YOUNG ECONOMIST PRIZE 2024","entryDescription":null,"sys":{"id":"a7c41d26-1dac-46c5-8acf-4613f5b21744","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcgbf\u002Fyoung-economist-prize-2024.x5e26941b.jpg?w=782&h=440&crop=780,440,1,0"}}},"regions":[],"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"publishDate":"2024-06-18T00:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Congratulations to the finalists of the 2024 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","relatedEvent":null,"relatedLinks":[],"title":"Young Economist Prize Competition 2024","sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-06-18T10:59:33.5217051Z","versionNo":"3.0","modified":"2024-06-18T12:09:45.359697Z","modifiedBy":"k2364112","published":"2024-06-18T12:10:14.3099106Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6f92312b-67f6-4d3c-a260-0030eb35e09b","projectId":"website","slug":"young-economist-prize-competition-2024","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Stephen G Cecchetti","entryDescription":"Senior Research Consultant, Qatar Centre for Global Banking and Finance","entryThumbnail":null,"sys":{"id":"a21e4d0a-81af-4f94-a213-b587551e3bfc","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EThe \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fresearch%2Fqatar-centre-global-banking-finance&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938440139%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=PZRF1YyfqNpsStitQ4x5TfwfH2corMN000oBTUzs4hw%3D&reserved=0\"\u003EQatar\u003C\u002Fa\u003E\u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fresearch%2Fqatar-centre-global-banking-finance&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938440139%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=PZRF1YyfqNpsStitQ4x5TfwfH2corMN000oBTUzs4hw%3D&reserved=0\"\u003E Centre for Global Banking & Finance\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fbusiness&data=05%7C02%7Croxana.raileanu%40kcl.ac.uk%7C6fae13d5b3a34644475508dc62b583d2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638493778938446858%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=HUAMVNUyOinzCHKLjxlpDV1anAqhLKmuzlef%2BHQY1Q4%3D&reserved=0\"\u003EKing’s Business School\u003C\u002Fa\u003E, is awarding its fourth Young Economist Prize as part of its forthcoming annual conference on July 1st-2nd 2024 at King’s College London.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Young Economist Prize is an annual competition run by the Qatar Centre for Global Banking and Finance at King's Business School. It is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). The winning paper will be awarded a £5,000 prize\u003C\u002Fp\u003E\n\u003Cp\u003EThe Young Economist prize will be awarded to the best paper submitted on topics of relevance to central banks. Submissions were encouraged from students who are currently on the job market or expect to be so in 2024\u002F25. The submissions are single-authored.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"youTubeurL","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=ziq3oKSFV_A"},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003E2024 Finalists:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EJinglun Yao, London Business School, \u003Cem\u003EKnowledge is (Market) Power\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003Cli\u003ENicolo Gnocato, Bocconi University, \u003Cem\u003EEnergy Price Shocks, Unemployment,and Monetary Policy\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003Cli\u003EAnna Helmke, Vanderbilt University, \u003Cem\u003EWill ETFs Drive Mutual Funds Extinct?\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003Cli\u003EPaolo Varraso, New York University,\u003Cem\u003E Banks and the Macroeconomic Transmission of Interest-Rate Risk\u003C\u002Fem\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EFind out more about the \u003Ca href=\"https:\u002F\u002Fwww.qcgbfconference.org\u002F\"\u003EQatar Centre for Global Banking & Finance Annual Conference. \u003C\u002Fa\u003E(opens in new page)\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fyoung-economist-prize-competition\"\u003E2021 Young Economist Prize Finalists\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnews\u002Fyoung-economist-prize-competition-2022-winners\"\u003E2022 Young Economist Prize Finalists\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.qcgbfconference.org\u002Fabout\u002Fyoung-economist-prize\u002F\"\u003E2023 Young Economist Prize Finalists\u003C\u002Fa\u003E\u003C\u002Fp\u003E"},{"type":"markup","value":null}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"International","entryDescription":null,"entryThumbnail":null,"sys":{"id":"daf07a30-df82-4a81-844c-72b1925f8704","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"Young Economist Prize Competition 2024"},{"summary":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","entryThumbnail":null,"image":{"altText":"solar panels in a field","transformations":"w=783&h=440&crop=780,440,2,0","caption":"Photo by Anders J at Unsplash","asset":{"entryTitle":"anders-j- solar panels -unsplash","entryDescription":null,"sys":{"id":"1ec95f70-ff67-4fc5-b9f2-3118e72d6950","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fanders-j-solar-panels-unsplash.x50463902.jpg?w=783&h=440&crop=780,440,2,0"}}},"regions":[],"topics":[{"entryTitle":"Affordable & clean energy (SDG 7)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3ff805db-8d19-4532-82b2-ad731350fd4b","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"banking-finance","entryThumbnail":null,"sys":{"id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Sustainable Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0d59b3cf-9fd9-4332-804e-fdaf6d339943","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-07-22T09:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","relatedEvent":null,"relatedLinks":[],"title":"A climate finance policy playbook for the new UK government","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-07-19T15:28:53.4151151Z","versionNo":"2.0","modified":"2024-07-22T12:02:48.7492978Z","modifiedBy":"k1808181","published":"2024-07-22T12:03:03.338541Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8aec225f-18af-41d1-91ac-9cfae5dca7ed","projectId":"website","slug":"a-climate-finance-policy-playbook-for-the-new-uk-government","properties":{}},"intranet":false,"relatedCourses":[],"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jonatan Pinkse","entryDescription":"Research Director, Centre for Sustainable Business ","entryThumbnail":null,"sys":{"id":"301ac28c-4719-4e75-a8d1-066f7deb7ea2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Joseph Noss","entryDescription":"Visiting Fellow, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"0b1e1833-ff74-4889-b432-f2aea45e2fb3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Sarah Bracking","entryDescription":"Professor of Climate and Society","entryThumbnail":null,"sys":{"id":"4d4f2e66-1516-4534-84a4-7e376688d1eb","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Emily Farrimond","entryDescription":"Executive Fellow, King's Business School","entryThumbnail":null,"sys":{"id":"5820ae47-7eda-44d1-94d2-41be01aa43b2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003EResearchers at King’s Business School and the University of Edinburgh have compiled the individual views of nearly forty thought-leaders on the policies that the new government should prioritise in its first six months to address climate change and transform the UK into a net zero finance hub.\u003C\u002Fp\u003E\n\u003Cp\u003EThe book includes contributions from Bankers for Net Zero, the World Benchmarking Alliance, the Global Systems Institute, the Climate Bonds Initiative, Chapter Zero, the GARP Risk Institute and PWC as well as several leading universities and contains 25 specific, actionable recommendations. These range from providing stronger market incentives for green finance, to measures focussing on the built environment and power infrastructure.\u003C\u002Fp\u003E\n\u003Cp\u003EThe recommendations include:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EEstablishing an Office of Sustainability Planning to develop richer and more realistic climate risk scenarios that might materialise over a 5 to10 year horizon\u003C\u002Fli\u003E\n\u003Cli\u003EHigher rates of capital gains tax for high-carbon emitters and polluters\u003C\u002Fli\u003E\n\u003Cli\u003EMandating environmental considerations within the AI regulatory framework announced in the King’s Speech\u003C\u002Fli\u003E\n\u003Cli\u003EEncouraging green emerging market listings in London through streamlined listing processes and improved tax treatment\u003C\u002Fli\u003E\n\u003Cli\u003EIssuing the first developed market sustainability-linked sovereign bond and the first dedicated adaptation sovereign bond, and the expansion of the Green Gilt programme\u003C\u002Fli\u003E\n\u003Cli\u003EProviding capital and guarantees through UK Export Finance to help British innovators find markets for decarbonising and climate-adaptation technologies\u003C\u002Fli\u003E\n\u003Cli\u003EAligning UK insolvency laws with net zero objectives to catalyse innovation in carbon-efficient projects.\u003C\u002Fli\u003E\n\u003Cli\u003ESimplified planning and approval processes for green energy infrastructure and green gigafactories\u003C\u002Fli\u003E\n\u003Cli\u003EIncreasing the carbon price to support the transition to a low carbon economy, and investing the revenues strategically in the power grid and to ensure energy price stability\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"quote","value":{"text":"This book seeks to spur action on the UK’s sustainable finance priorities by serving as a resource and inspiration for the nation’s policymakers at this critical moment. It intends to spark dialogues and actions to deliver a competitive, thriving, net-zero Britain.","source":"David Carlin, Founder of Cambium Global Solutions & Visiting Research Fellow, King’s Business School"}},{"type":"quote","value":{"text":"We’ve pulled together a range of expert and diverse voices from the UK’s climate finance thought-leaders. While the suggestions vary, what they all have in common is a bias towards immediate action. These are all practical suggestions that the government could start work on tomorrow.","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, King’s Business School"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"markup","value":"\u003Cp\u003EThe e-book was edited by David Carlin, Founder of Cambium Global Solutions & Visiting Research Fellow, King’s Business School; Professor David Aikman and Dr Marc Lepere of King’s Business School; and Luca Taschini, University of Edinburgh Business School.\u003C\u002Fp\u003E\n\u003Cp\u003ESeveral King’s researchers and Fellows also contributed essays, including Professor Jonatan Pinkse, Joseph Noss, Professor Raúl C. Rosales, Professor Sarah Bracking and Emily Farrimond.\u003C\u002Fp\u003E"},{"type":"postitNote","value":{"alignment":"Left","title":"Accelerating Transition: Climate Finance Policies To Prioritise In The First 100 Days","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fresearch-papers\u002Faccelerating-transition.pdf\"\u003EDownload the e-book\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"A climate finance policy playbook for the new UK government"},{"summary":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","entryThumbnail":null,"image":{"altText":"the view from Greenwich Park to Canary Wharf","transformations":"w=780&h=497&crop=780,440,0,29","caption":"","asset":{"entryTitle":"Canary Wharf View","entryDescription":null,"sys":{"id":"ccac918d-1cc5-45e6-9347-f5d3080305db","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fcanary-wharf-view.x41763559.jpg?w=780&h=497&crop=780,440,0,29"}}},"regions":[],"topics":[{"entryTitle":"Affordable & clean energy (SDG 7)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3ff805db-8d19-4532-82b2-ad731350fd4b","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Climate action (SDG 13)","entryDescription":null,"entryThumbnail":null,"sys":{"id":"787d0e8e-c482-438b-bfa7-a930e517dad9","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Net Zero Centre","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5eaf3a90-ce8c-4d6b-9ee9-5ac6793cb7db","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"publishDate":"2024-09-24T10:00:00","searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","relatedEvent":null,"relatedLinks":[],"title":"New research sets out three overlooked opportunities to fund net zero transition","sys":{"owner":"k1808181","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"news","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1808181","archived":null,"deleted":null,"createdBy":"k1808181","created":"2024-09-19T17:02:41.703979Z","versionNo":"1.0","modified":"2024-09-24T10:16:01.0887538Z","modifiedBy":"k1808181","published":"2024-09-24T10:16:10.5440165Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5c2b333c-7411-4cec-80ad-c2666c9e88f3","projectId":"website","slug":"new-research-sets-out-three-overlooked-opportunities-to-fund-net-zero-transition","properties":{}},"intranet":false,"relatedCourses":[{"entryTitle":"Banking & Finance","entryDescription":"Explore the challenges facing financial markets and the global banking sector.","entryThumbnail":null,"sys":{"id":"f1001e0e-2239-4b3e-911f-251a8b8368b6","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Fbanking-and-finance-msc"}},{"entryTitle":"Finance (Asset Pricing)","entryDescription":"Discover how complex financial markets operate. And learn about the banking sector in different markets around the world. In the MSc in Finance (Asset Pricing), you'll develop your understanding of the financial instruments that determine asset prices.","entryThumbnail":null,"sys":{"id":"55696733-d2cf-4137-80b2-cd800a34b354","language":"en-GB","contentTypeId":"postgraduateCourse","dataFormat":"entry","uri":"\u002Fstudy\u002Fpostgraduate-taught\u002Fcourses\u002Ffinance-asset-pricing-msc"}}],"relatedPeople":[{"entryTitle":"Raúl Rosales","entryDescription":"Professor of Practice in Net Zero Asset Management","entryThumbnail":null,"sys":{"id":"4b13fe5c-291a-40d0-8d50-a8c662b18ba0","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ETo deliver the funding, a recent report from King’s College London argues for an urgent focus on three key areas of the financial system:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Egovernments should engage with the new forms of partnerships between banks and other financial institutions that free up their lending capabilities;\u003C\u002Fli\u003E\n\u003Cli\u003EMultilateral Development Banks should make more use of their balance sheets to attract private sector funding through blended finance\u003C\u002Fli\u003E\n\u003Cli\u003Eand regulators should develop global carbon markets with a focus on integrating national emissions trading systems and enhancing trust in voluntary markets.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe report highlights that the Multilateral Development Banks alone could more than double their stock of lending to release a further $1.2 trillion of net zero financing without harming their AAA ratings and estimates that governments could release £8.5 billion of new bank lending through every £1 billion they invest in loans to decarbonisation projects.\u003C\u002Fp\u003E\n\u003Cp\u003EThe report and its recommendations were developed by Professor David Aikman, a former Technical Head of the Bank of England’s Financial Stability Division and Professor Raúl C. Rosales, a member of the Management Committee of the Singapore Green Finance Centre.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Mobilising enough finance to achieve our net zero goals is a major challenge, but our research highlights the potential of three avenues that should become a focus for policy makers in the run up to COP29 and beyond.","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance at King’s Business School"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003ETHE BANKS’ ROLE IN FINANCING THE TRANSITION TO NET ZERO\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe report outlines how, ahead of the full implementation of the Basel III capital adequacy rules, banks are increasingly partnering with non-bank players in innovative ways that allow them to de-risk in line with existing regulatory and supervisory frameworks. These include strategic partnerships and new investment fund platforms with private credit, as well as the increased use of so-called “synthetic risk transfers” that move credit risk to third parties such as investment funds, freeing up funds for further lending. EU banks alone issued €102 billion in synthetic risk transfer securitisations in 2023 and 11% of these were linked to sustainability lending.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that governments and policy makers can support this transfer of risk between the banks and other parts of the financial sector;\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EBy fostering the globally harmonised regulation of de-risking mechanisms such Significant Risk Transfers and synthetic securitisations\u003C\u002Fli\u003E\n\u003Cli\u003EAs investors: the authors estimate that a £1 billion government investment in the junior tranche of a pool of loans for decarbonisation projects would generate additional bank lending capacity of around £8.5 billion. In the UK, the new National Wealth Fund could play a role both as a guarantor and coordinator of private sector lending for net zero technologies and projects.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBLENDED FINANCE\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBlended finance uses catalytic capital from public or philanthropic sources to mobilise private sector investment in sustainable development projects, primarily in developing countries. Public investment is led through Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs). While climate finance accounted for over half of the value of blended finance deals in 2023, the report highlights that at $15 billion of new transactions, the overall sector remained relatively small, and sets out how it could be expanded.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors calculate that MDBs and DFIs draw on private sector investors for only 11% of their annual overall financing commitments. Their analysis of credit rating agency reports suggests that there is significant potential for MDBs to increase their leverage while still maintaining their AAA credit ratings. They estimate that collectively, the 13 MDBs focused on developing countries could increase the stock of development assets they finance by around $1.2 trillion, a 2.5-fold increase, without harming their current credit ratings.\u003C\u002Fp\u003E\n\u003Cp\u003EFurthermore, if MDBs operated under an AA rating instead of AAA, their financing capacity would increase by a further $1–1.2 trillion, significantly boosting their development and financial impact.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECARBON MARKETS\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBy putting a price on carbon, carbon markets create economic incentives for businesses and governments to invest in clean technologies and implement carbon pricing policies. They are also a source of revenue for government investments in net zero projects: in 2023 Emissions Trading Systems generated $74 billion in government revenues. Alongside the ETSs are voluntary carbon markets offering trading in ‘carbon credits’ issued by the developers of carbon removal and reduction schemes.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that these markets can be made more attractive through:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELinking the UK and EU ETSs as envisaged in the EU-UK Trade and Cooperation Agreement governing post-Brexit trade relations. This is also a necessary condition for exempting UK exports from the EU’s Carbon Border Adjustment Mechanism.\u003C\u002Fli\u003E\n\u003Cli\u003EStronger regulatory oversight, with clear rules on carbon credit usage, and a global standard for the financial accounting of certified carbon offset credits.\u003C\u002Fli\u003E\n\u003Cli\u003EFurther integration, for example integrating the voluntary carbon markets with the established emissions trading systems, which would provide a strong pricing signal.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"quote","value":{"text":"Partnerships between banks, investors, and regulators offer a critical opportunity to channel funds into low-carbon technologies by de-risking through regulated schemes. Multilateral Development Banks (MDBs) can amplify their impact by leveraging resources without straining government budgets, helping to establish sustainable infrastructure platforms in developing countries. Governments play a key role in integrating carbon markets through mechanisms like ETS and GGRs, enhancing transparency, and market efficiency, and sending a strong price signal for decarbonization.","source":"Professor Raúl C. Rosales, Professor of Practice in Net Zero Asset Management at King’s College London"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"postitNote","value":{"alignment":"Left","title":"Read the full impact policy paper","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EMOBILIZING FINANCE FOR NET ZERO ENERGY SYSTEMS\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EKey issues, barriers and policy priorities\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"New research sets out three overlooked opportunities to fund net zero transition"}],"profileImage":{"altText":"David Aikman","transformations":"w=240&h=160&crop=160,160,60,0","caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"DavidAikman","entryDescription":null,"description":null,"sys":{"owner":"k1812479","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"062ae12f-1ef6-4468-b38a-5425925df52b"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Facademics\u002Fdavidaikman.x2343a52d.jpg?w=240&h=160&crop=160,160,60,0","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2021-09-29T14:02:58.4984378Z","versionNo":"2.0","modified":"2021-10-21T12:34:07.8436837Z","modifiedBy":"ServicesUser","published":"2021-10-21T12:34:07.9218098Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"062ae12f-1ef6-4468-b38a-5425925df52b","projectId":"website","slug":null,"properties":{"filename":"davidaikman.jpg","fileSize":1225179,"filePath":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Facademics\u002F","width":5568,"fileId":"062ae12f-1ef6-4468-b38a-5425925df52b","height":3712}},"title":"DavidAikman","entryTitle":"DavidAikman"}},"suffix":null,"title":["Professor"],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"person","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"Indexer","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-04-24T08:25:35.2060898Z","versionNo":"94.0","modified":"2024-10-02T11:00:29.7688508Z","modifiedBy":"Indexer","published":"2024-10-02T11:00:33.3314561Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","projectId":"website","slug":"david-aikman","properties":{}},"relatedEvents":[{"date":{"from":"2020-06-29T14:00:00","to":"2020-06-29T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_dv3vwIhHQxGiV2qYKzTCCQ ","description":"Leonardo Melosi (Federal Reserve Bank of Chicago) will be presenting on the topic of Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength","heroImage":null,"relatedNews":null,"title":"Leonardo Melosi: Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"k1812479","created":"2020-05-19T10:25:15.6456735Z","versionNo":"8.0","modified":"2020-09-07T10:28:36.1739464Z","modifiedBy":"k1812479","published":"2020-09-21T08:21:59.341801Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"fb0bfaa5-3413-4b2b-bfb6-b9fdfe841917","projectId":"website","slug":"qcgbf-virtual-seminar-series-seminar-4","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fsites.google.com\u002Fsite\u002Flemelosi\u002F\"\u003ELeonardo Melosi\u003C\u002Fa\u003E (Federal Reserve Bank of Chicago) will be presenting on \"Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength\".\u003C\u002Fp\u003E\n\u003Cp\u003EThe COVID-19 pandemic found policymakers facing constraints on their ability to react to an exceptionally large negative shock. The current low interest rate environment limits the tools the central bank can use to stabilize the economy, while the large public debt curtails the efficacy of fiscal interventions by inducing expectations of costly fiscal adjustments.\u003C\u002Fp\u003E\n\u003Cp\u003EAgainst this background, we study the implications of a coordinated fiscal and monetary strategy aiming at creating a controlled rise of inflation to wear away a targeted fraction of debt. Under this coordinated strategy, the fiscal authority introduces an emergency budget with no provisions on how it will be balanced, while the monetary authority tolerates a temporary increase in inflation to accommodate the emergency budget.\u003C\u002Fp\u003E\n\u003Cp\u003EIn our model the coordinated strategy enhances the efficacy of the fiscal stimulus planned in response to the COVID pandemic and allows the Federal Reserve to correct a prolonged period of below-target inflation. The strategy results in only moderate levels of inflation by separating long-run fiscal sustainability from a short-run policy intervention.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Leonardo Melosi (Federal Reserve Bank of Chicago) will be presenting on the topic of Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Leonardo Melosi: Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength"},{"date":{"from":"2020-07-13T14:00:00","to":"2020-07-13T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_fbK96tmpQF-ZFfwZj7drCw","description":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the fourth installment presented by Sinem Hacioglu, Diego Kaenzig and Paolo Surico","heroImage":null,"relatedNews":null,"title":"Sinem Hacioglu: Consumption in the Time of Covid-19: Evidence from UK Transaction-level Data","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2020-05-15T15:17:07.2716715Z","versionNo":"4.0","modified":"2020-09-07T10:20:21.0257152Z","modifiedBy":"k1812479","published":"2020-09-07T10:22:11.6652589Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a20b27c9-5acc-406b-8881-4a65f5b50d08","projectId":"website","slug":"qcgbf-virtual-semiar-series-consumption-in-the-time-of-covid-19-evidence-from-uk-transaction-level-data","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fsinemhaciogluhoke.com\u002F\"\u003ESinem Hacioglu\u003C\u002Fa\u003E (Bank of England) will present 'Consumption in the Time of Covid-19: Evidence from UK Transaction-level data', with Diego Kaenzig and Paolo Surico.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EUsing transaction data from a large Fintech company, we document a decline of 40% to 50% in the spending of British households during the Covid-19 crisis. The fall is concentrated in services such as retail, restaurants and transportation. The initial rise in on-line shopping and groceries purchases has been subsequently reverted. Income reductions have become far more frequent, with a median decline around 30%. The share of borrowers facing financing issues has increased significantly for both secured and unsecured lending. Consumption and income inequality have surged, with the most economically vulnerable groups experiencing the largest percentage decline. Mortgagors and higher earners in London record the most sizable pound change.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"King's Business School invites you to the final in the QCGBF Virtual Seminar Series.","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the fourth installment presented by Sinem Hacioglu, Diego Kaenzig and Paolo Surico","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Sinem Hacioglu: Consumption in the Time of Covid-19: Evidence from UK Transaction-level Data"},{"date":{"from":"2020-06-15T14:00:00","to":"2020-06-15T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_Voh3WRLQSbml91aHV8AVfg","description":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the second installment with Saleem Bahaj and Ricardo Reis","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Jumpstarting an International Currency","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"awaitingApproval"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2020-05-15T08:31:58.3594879Z","versionNo":"3.0","modified":"2020-06-10T10:31:25.4201644Z","modifiedBy":"k1812479","published":"2020-06-10T10:31:45.9904969Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"befde537-ecab-4922-9e29-54aa07eb3873","projectId":"website","slug":"qcgbf-virtual-seminar-series-jumping-on-international-currency","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fsites.google.com\u002Fsite\u002Fsaleembahaj\u002Fhome\"\u003ESaleem Bahaj\u003C\u002Fa\u003E (Bank of England) will present 'Jumpstarting an International Currency' with Ricardo Reis.\u003C\u002Fp\u003E\n\u003Cp\u003EMonetary and financial policies that lower the cost of credit for working capital in a currency outside of its country can provide the impetus for that currency to be used in international trade. This paper shows this in theory, by exploring the complementarity in the currency used for financing working capital and the currency used for invoicing sales. Financial policies by a central bank can jump-start the use of its currency outside a country’s borders. In the data, the creation of 38 swap lines by the People’s Bank of China between 2009 and 2018 provides a test of the theory. Signing a swap line with a country is significantly associated with increases in the use of the RMB in payments to and from that country in the following months.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"King's Business School invites you to the second of the QCGBF Virtual Seminar Series.","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the second installment with Saleem Bahaj and Ricardo Reis","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Jumpstarting an International Currency"},{"date":{"from":"2020-06-01T12:30:00","to":"2020-06-01T13:30:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_rIJgvSPeSSiBxfRaGSGxOA","description":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the first of the QCGBF Virtual Seminar Series with Andrea Ferrero, Richard Harrison and Benjamin Nelson","heroImage":null,"relatedNews":null,"title":"Andrea Ferrero: House Price Dynamics, Optimal LTV Limits and the Liquidity Trap","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2020-05-15T08:24:14.5706658Z","versionNo":"4.0","modified":"2020-09-07T10:24:58.4423072Z","modifiedBy":"k1812479","published":"2020-09-07T10:25:36.6274632Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2835df30-aa8b-4c3d-afbe-7941b49c9da2","projectId":"website","slug":"qcgbf-virtual-seminar-series-house-price-dynamics-optimal-ltv-limits-and-the-liquidity-trap","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fsites.google.com\u002Fsite\u002Fandreapferrero\u002F\"\u003EAndrea Ferrero\u003C\u002Fa\u003E (University of Oxford) will be presenting on the topic of House Price Dynamics, Optimal LTV Limits and the Liquidity Trap, with Richard Harrison and Benjamin Nelson.\u003C\u002Fp\u003E\n\u003Cp\u003EThe inception of macro-prudential policy frameworks in the wake of the global financial crisis raises questions about the effects of the newly available policy tools and their interaction with the existing ones. We study the optimal setting of a loan-to-value (LTV) limit, and its implications for optimal monetary policy, in a model with nominal rigidities and financial frictions.\u003C\u002Fp\u003E\n\u003Cp\u003EThe welfare-based loss function implies a role for macro-prudential policy to enhance risk-sharing. Following a house price boom-bust episode, macro-prudential policy alleviates debt-deleveraging dynamics and prevents the economy from falling into a liquidity trap. In this scenario, optimal policy always entails countercyclical LTV limits, while the response of the nominal interest rate depends on the nature of the underlying shock driving house prices.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"King's Business School invites you to the first in the series of the QCGBF Virtual Seminar Series.","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Welcome to the QCGBF’s online seminar series, dedicated cutting-edge research in all areas of central bank policy making. Join us for the first of the QCGBF Virtual Seminar Series with Andrea Ferrero, Richard Harrison and Benjamin Nelson","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Andrea Ferrero: House Price Dynamics, Optimal LTV Limits and the Liquidity Trap"},{"date":{"from":"2020-09-21T15:00:00","to":"2020-09-21T16:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_AYuHLNPYQeOU8EQvNDFMPw","description":"Domenico Giannone (Amazon) will present 'Multimodality in Macro-Financial Dynamics', with Tobias Adrian and Nina Boyarchenko ","heroImage":null,"relatedNews":null,"title":"Domenico Giannone: Multimodality in Macro-Financial Dynamics","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2020-09-07T12:52:12.6321713Z","versionNo":"2.0","modified":"2020-09-14T10:23:02.2463478Z","modifiedBy":"","published":"2020-09-14T10:23:29.1818516Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"ee032627-150f-4be7-8be0-c026183980e2","projectId":"website","slug":"domenico-giannone-multimodality-in-macro-financial-dynamics","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":"crop=227,234,0,0","caption":"","asset":{"entryTitle":"Domenico-Giannone","entryDescription":null,"sys":{"id":"efc84319-cc45-493a-b1f6-500b0aa05950","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Fdomenico-giannone.xb37d14a3.jpg?crop=227,234,0,0"}}},"text":null,"align":"Left"}},{"type":"text","value":"\u003Cp\u003EDomenico Giannone (Amazon) will present 'Multimodality in Macro-Financial Dynamics', with Nina Boyarchenko and Tobias Adrian.\u003C\u002Fp\u003E\n\u003Cp\u003EWe estimate the evolution of the conditional joint distribution of economic and financial conditions in the United States, documenting a novel empirical fact: while the joint distribution is approximately Gaussian during normal periods, sharp tightenings of financial conditions lead to the emergence of additional modes—that is, multiple economic equilibria. Although the U.S. economy has historically reverted quickly to a “good” equilibrium after a tightening of financial conditions, we conjecture that poor policy choices under these circumstances could also open a pathway to a “bad” equilibrium for a prolonged period. We argue that such multimodality arises naturally in a macro-financial intermediary model with occasionally binding intermediary constraints.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Domenico Giannone (Amazon) will present 'Multimodality in Macro-Financial Dynamics', with Tobias Adrian and Nina Boyarchenko ","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Domenico Giannone: Multimodality in Macro-Financial Dynamics"},{"date":{"from":"2020-10-19T14:00:00","to":"2020-10-19T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_OBi6gcZ7Qiagkbg7BGT3VA","description":"Silvia Miranda-Agrippino (Bank of England) presents 'Global Footprints of Monetary Policies', with Tsvetelina Nenova and Hélène Rey.","heroImage":null,"relatedNews":null,"title":"Silvia Miranda-Agrippino: Global Footprints of Monetary Policies","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2020-09-07T13:06:03.0420863Z","versionNo":"2.0","modified":"2020-09-14T08:31:22.2556356Z","modifiedBy":"","published":"2020-09-14T08:31:46.0746324Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3781af34-0d04-49b7-8f00-fbbe3704c7bc","projectId":"website","slug":"silvia-miranda-agrippino-global-footprints-of-monetary-policies","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"silvia-ma-image","entryDescription":null,"sys":{"id":"cdec0335-9395-4e3b-a45c-8ca0524d0ab4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Fsilvia-ma-image.x129c15a6.JPG"}}},"text":null,"align":"Left"}},{"type":"text","value":"\u003Cp\u003ESilvia Miranda-Agrippino (Bank of England) presents 'Global Footprints of Monetary Policies', with Tsvetelina Nenova and Hélène Rey.\u003C\u002Fp\u003E\n\u003Cp\u003EWe study the international transmission of the monetary policy of the two world’s giants: China and the US. From East to West, the channels of global transmission differ markedly. US monetary policy shocks affect the global economy primarily through their effects on integrated financial markets, global asset prices, and capital flows. EMEs in particular see both a reduction in inflows and a surge in outflows when the market tide turns as a result of a US monetary contraction. Conversely, international trade, commodity prices and global value chains are the main channels through which Chinese monetary policy transmits worldwide. AEs with a strong manufacturing sector are particularly sensitive to these disturbances.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Silvia Miranda-Agrippino (Bank of England) presents 'Global Footprints of Monetary Policies', with Tsvetelina Nenova and Hélène Rey.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Silvia Miranda-Agrippino: Global Footprints of Monetary Policies"},{"date":{"from":"2020-10-05T14:00:00","to":"2020-10-05T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_YstEc_g2RYyb6T-avCto2g","description":"Ludwig Straub (Harvard University) presents 'Indebted Demand', with Atif Mian and Amir Sufi","heroImage":null,"relatedNews":null,"title":"Ludwig Straub: Indebted Demand","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2020-09-07T13:01:10.7988267Z","versionNo":"2.0","modified":"2020-09-11T15:46:35.2512358Z","modifiedBy":"","published":"2020-09-11T15:48:01.2914979Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"10895117-6ce1-4afa-be97-69b900da2f2d","projectId":"website","slug":"ludwig-straub-indebted-demand","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":"crop=1547,1550,9,97","caption":"","asset":{"entryTitle":"Straub_pic","entryDescription":null,"sys":{"id":"8f75299b-b2af-413e-8d93-1ba18922609b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpeople\u002Fstraub-pic.x231baac9.jpg?crop=1547,1550,9,97"}}},"text":null,"align":"Left"}},{"type":"text","value":"\u003Cp\u003ELudwig Straub (Harvard University) presents 'Indebted Demand', with Atif Mian and Amir Sufi.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003EWe propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal propensities to save out of permanent income. Embedding this insight in a two-agent overlapping-generations model, we find that recent trends in income inequality and financial liberalization lead to indebted household demand, pushing down natural interest rates.\u003C\u002Fp\u003E\n\u003Cp\u003EMoreover, popular expansionary policies—such as accommodative monetary policy and deficit spending—generate a debt-financed short-run boom at the expense of indebted demand in the future. When demand is sufficiently indebted, the economy gets stuck in a debt-driven liquidity trap, or debt trap. Escaping a debt trap requires consideration of less standard macroeconomic policies, such as those focused on redistribution or those reducing the structural sources of high inequality.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Ludwig Straub (Harvard University) presents 'Indebted Demand', with Atif Mian and Amir Sufi","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Ludwig Straub: Indebted Demand"},{"date":{"from":"2020-11-30T14:00:00","to":"2020-11-30T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_1-dFWSqkQE-olqjj5kBkEw","description":"Sebnem Kalemli-Ozcan (University of Maryland) presents 'Covid-19 and SME Failures', with Pierre-Olivier Gourinchas, Veronika Penciakova and Nick Sander","heroImage":null,"relatedNews":null,"title":"Sebnem Kalemli-Ozcan: Covid-19 and SME Failures","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2020-09-07T13:12:58.7048731Z","versionNo":"4.0","modified":"2020-11-25T08:55:14.1376091Z","modifiedBy":"","published":"2020-11-25T08:55:24.1009547Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4efb252f-5973-4232-8880-ac04a8894551","projectId":"website","slug":"sebnem-kalemli-ozcan-covid-19-and-sme-failures","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"sebnem3","entryDescription":null,"sys":{"id":"b7f6868d-3638-47cf-b7e7-448206424f08","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fsebnem3.x65c852cc.jpg"}}},"text":null,"align":"Left"}},{"type":"text","value":"\u003Cp\u003ESebnem Kalemli-Ozcan (University of Maryland) presents '\u003Ca href=\"https:\u002F\u002Fwww.nber.org\u002Fpapers\u002Fw27877\"\u003ECovid-19 and Emerging Markets: An Epidemiological Model with International Production Networks and Capital Flows\u003C\u002Fa\u003E' with Pierre-Olivier Gourinchas, Veronika Penciakova and Nick Sander.\u003C\u002Fp\u003E\n\u003Cp\u003EWe estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm’s liquidity shortfall during and after COVID-19. Our framework allows for a rich combination of sectoral and aggregate supply, productivity, and demand shocks. We estimate a large increase in the failure rate of SMEs under COVID-19 of nearly 9 percentage points, absent government support.\u003C\u002Fp\u003E\n\u003Cp\u003EAccommodation & Food Services, Arts, Entertainment & Recreation, Education, and Other Services are among the most affected sectors. The jobs at risk due to COVID-19 related SME business failures represent 3.1 percent of private sector employment. Despite the large impact on business failures and employment, we estimate only moderate effects on the financial sector: the share of Non Performing Loans on bank balance sheets would increase by up to 11 percentage points, representing 0.3 percent of banks’ assets and resulting in a 0.75 percentage point decline in the common equity Tier-1 capital ratio.\u003C\u002Fp\u003E\n\u003Cp\u003EWe evaluate the cost and effectiveness of various policy interventions. The fiscal cost of an intervention that narrowly targets at risk firms can be modest (0.54% of GDP). However, at a similar level of effectiveness, non-targeted subsidies can be substantially more expensive (1.82% of GDP). Our results have important implications for the severity of the COVID-19 recession, the design of policies, and the speed of the recovery.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s alumni","entryDescription":"alumni","entryThumbnail":null,"sys":{"id":"f44275cd-dd57-4d3d-9f2b-e628ddafd7b7","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"Sebnem Kalemli-Ozcan (University of Maryland) presents 'Covid-19 and SME Failures', with Pierre-Olivier Gourinchas, Veronika Penciakova and Nick Sander","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Sebnem Kalemli-Ozcan: Covid-19 and SME Failures"},{"date":{"from":"2020-12-07T10:00:00","to":"2020-12-07T13:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_5WUus3CZR9emeWw8BjL3AQ","description":"The Qatar Centre for Global Banking and Finance is bringing together global experts to discuss climate-related corporate disclosures and inform the IFRS in its deliberations how to proceed.","heroImage":null,"relatedNews":null,"title":"Policy Forum on Climate-Related Disclosures","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2020-11-16T13:43:06.5039829Z","versionNo":"11.0","modified":"2021-01-08T15:30:38.1615162Z","modifiedBy":"","published":"2021-01-08T15:30:50.3805147Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"048ee5ac-1be7-4080-90f8-dd5572f9086c","projectId":"website","slug":"policy-forum-on-climate-related-disclosures","properties":{}},"richText1":null,"content":[{"type":"subheading","value":"Watch the recording of the policy forum below:"},{"type":"youtube","value":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=MOCTJvQE0LQ&feature=emb_title"},{"type":"subheading","value":"About the event"},{"type":"text","value":"\u003Cp\u003EClimate-related corporate disclosures are the next big thing in fostering the transition to a net-zero carbon economy. A \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fgroup30.org%2Fimages%2Fuploads%2Fpublications%2FG30_Mainstreaming_the_Transition_to_a_Net-Zero_Economy.pdf&data=04%7C01%7Cruth.nade%40kcl.ac.uk%7C9a6052b6930647ba53de08d88fa881c7%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C637417301181206048%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=DEK6tGkPgowGi%2F9GRLq8iPOEgem3aREMaV1ypitolTQ%3D&reserved=0\"\u003Erecent report\u003C\u002Fa\u003E by the Group of Thirty emphasised that the disclosure of comparable metrics will allow the financial system to systematically allocate capital to more sustainable and climate-resilient technologies and companies\u003Cstrong\u003E\u003Cem\u003E.\u003C\u002Fem\u003E\u003C\u002Fstrong\u003E But more needs to be done to encourage firms to disclose their climate-related risks and to improve the quality of disclosures, to ensure that best practice is harmonised across countries.\u003C\u002Fp\u003E\n\u003Cp\u003EThe recent \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fcdn.ifrs.org%2F-%2Fmedia%2Fproject%2Fsustainability-reporting%2Fconsultation-paper-on-sustainability-reporting.pdf%3Fla%3Den&data=04%7C01%7Cizzy.rhodes%40kcl.ac.uk%7C9f9412bf92c140f41e2008d88fa85262%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C637417300385628865%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=R%2BVCwpeJ0co2Ltx1%2FG5jIivDmaA%2BeN3ZN%2Fh3K07QRd0%3D&reserved=0\"\u003Econsultation paper\u003C\u002Fa\u003E on climate-related disclosures published by the International Financial Reporting Standards (IFRS) Foundation marks an important step in the process toward achieving these goals.\u003C\u002Fp\u003E\n\u003Cp\u003EIn response to the publication of this paper, the Qatar Centre for Global Banking and Finance at King’s is holding a policy forum that will bring global experts, regulatory authorities and academics together to debate the issues and inform the IFRS in its deliberations how to proceed. The event will be recorded and submitted as a response to the IFRS Foundation’s consultation.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EQuestions for discussion will include:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EWhat principles are needed to guide the development of consistent and comparable climate disclosures?\u003C\u002Fli\u003E\n\u003Cli\u003EWhat information is needed by asset managers to harness the demand for climate-linked passive funds?\u003C\u002Fli\u003E\n\u003Cli\u003EWhat are the barriers to providing and assuring this information?\u003C\u002Fli\u003E\n\u003Cli\u003EWhat role should the IFRS Foundation play vis-à-vis other bodies in developing standardised climate-related disclosures?\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"subheading","value":"Programme schedule"},{"type":"text","value":"\u003Ch5\u003E10.00 - Keynote Address\u003C\u002Fh5\u003E\n\u003Cp\u003ELord Adair Turner, Chair, Energy Transitions Commission and Senior Fellow INET\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Policy Forum Speakers 1","entryDescription":null,"sys":{"id":"1ab5d2bf-08d0-4b18-a1d3-f3375ce2acb1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpolicy-forum-speakers-1.x283d05dd.png"}}}},{"type":"text","value":"\u003Ch5\u003E10.30 - Introduction on the issues raised in the IFRS consultation paper\u003C\u002Fh5\u003E\n\u003Cp\u003EProf Lucrezia Reichlin (London Business School and Trustee of the IFRS Foundation)\u003C\u002Fp\u003E\n\u003Ch5\u003E\u003Cstrong\u003E10.45 - Panel 1: What are the goals of harmonised sustainability reporting & what principles should guide its development?\u003C\u002Fstrong\u003E\u003C\u002Fh5\u003E\n\u003Cul\u003E\n\u003Cli\u003ESpeakers: Morgan Slebos (Principles for Responsible Investment), Dr Paul Fisher (Cambridge Institute for Sustainability Leadership), Dr Megan Bowman (King's College London)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"policy-forum-fisher-updated-sustainability","entryDescription":null,"sys":{"id":"7284632b-0215-456f-8fc7-e775eceadf63","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fpolicy-forum-fisher-updated-sustainability.x18326963.png"}}}},{"type":"text","value":"\u003Ch5\u003E\u003Cstrong\u003E11.15 - Panel 2: What information is needed by stakeholders?\u003C\u002Fstrong\u003E\u003C\u002Fh5\u003E\n\u003Cul\u003E\n\u003Cli\u003EChair: Prof Martin Weale (King's College London)\u003C\u002Fli\u003E\n\u003Cli\u003ESpeakers: Luba Nikulina (Willis Towers Watson), Morgan Despres (Network for Greening the Financial System)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Policy Forum Speakers 4","entryDescription":null,"sys":{"id":"3e4af2f0-4ca1-4750-a474-8c125dd45df5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpolicy-forum-speakers-4.x19552ade.png"}}}},{"type":"text","value":"\u003Ch5\u003E\u003Cstrong\u003E11.45 - Panel 3: \u003C\u002Fstrong\u003EWhat are the barriers to providing and assuring climate disclosures?\u003C\u002Fh5\u003E\n\u003Cul\u003E\n\u003Cli\u003EChair: Richard Monks (Financial Conduct Authority)\u003C\u002Fli\u003E\n\u003Cli\u003ESpeakers: Spencer Dale (BP), Wim Bartels (KPMG)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Policy Forum Speakers 5","entryDescription":null,"sys":{"id":"be94f027-e503-4034-be1b-071ef20a270a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpolicy-forum-speakers-5.xcb8e4e3f.png"}}}},{"type":"text","value":"\u003Ch5\u003E\u003Cstrong\u003E12.15 - Panel 4: Governance for global standards & the potential role of the IFRS Foundation\u003C\u002Fstrong\u003E\u003C\u002Fh5\u003E\n\u003Cul\u003E\n\u003Cli\u003EChair: Prof Frans Berkhout (King's College London)\u003C\u002Fli\u003E\n\u003Cli\u003ESpeakers: Clara Barby (Impact Management Project), Prof Lucrezia Reichlin (London Business School and Trustee of the IFRS Foundation), Sheldon Mills (Financial Conduct Authority & Co-Lead of The International Organization of Securities Commissions (IOSCO) Sustainability Task Force)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Policy Forum on Climate-Related Disclosures Speakers_","entryDescription":null,"sys":{"id":"9307b7f2-9306-4425-a05d-f771e5a02ce3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fpolicy-forum-on-climate-related-disclosures-speakers-.x62fcd20c.png"}}}},{"type":"text","value":"\u003Ch3\u003E\u003Ca href=\"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_5WUus3CZR9emeWw8BjL3AQ\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003EClick here to register today and join the discussion!\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E\u003C\u002Fh3\u003E"},{"type":"subheading","value":"About the speakers"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003ELord Adair Turner \u003C\u002Fstrong\u003Echairs the Energy Transitions Commission, a global coalition of major power and industrial companies, investors, environmental NGOs and experts working out achievable pathways to limit global warming to well below 2˚C by 2040 while stimulating economic development and social progress.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMorgan Slebos\u003C\u002Fstrong\u003E is the Director of Sustainable Markets at the United Nations-supported Principles for Responsible Investment. He leads the PRI’s sustainable financial system and driving meaningful data work areas. Morgan has extensive experience in the financial sector, including previous roles as policy manager for resource and environment issues at the Institute and Faculty of Actuaries and as an advisor at the Association of British Insurers.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Paul Fisher\u003C\u002Fstrong\u003E currently chairs the London Bullion Market Association, is a NED at the UK Debt Management Office, provides consultancy services to central banks and spends about half his time on academic work, including climate change. He is also a visiting professor at the London Institute of Banking and Finance, and at Richmond, the American International University in London. In 2017\u002F18 he was a member of the High-Level Experts Group on Sustainable Finance at the European Commission and the UK Green Finance Task Force.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Megan Bowman \u003C\u002Fstrong\u003Ejoined King’s in August 2015 and has been appointed a Dickson Poon School of Law ‘Rising Star’. Her expertise focuses on transnational analyses of climate finance, commercial and financial regulation, and corporate ethics. She is motivated by regulatory design options that account for the levers and limits of law in facilitating sustainability in market economies and China.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EProf Martin Weale\u003C\u002Fstrong\u003E is Professor of Economics at King's Busines School. Martin graduated in 1977 in Economics from Clare College, Cambridge. On graduating he took up an Overseas Development Institute Fellowship at the National Statistics Office in Malawi. He returned to Cambridge in 1979 to work on economic modelling projects directed by Sir Richard Stone and Professor James Meade, before becoming an Assistant Lecturer in 1987 and subsequently a Lecturer in the Faculty of Economics and Politics. He was elected a Fellow of Clare College in 1981.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ELuba Nikulina \u003C\u002Fstrong\u003Ehas 24 years of investment experience and leads the global research function at Willis Towers Watson's Investment business. Her team includes more than a hundred investment professionals around the world responsible for conducting economic and capital markets research, evaluating asset management firms in a variety of different asset classes, coming up with investment recommendations and creating new investment solutions where there is demand from asset owners but no solutions exist.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMorgan Despres\u003C\u002Fstrong\u003E is Deputy Head of the Financial Stability Department at the Banque de France and also serves as the Head of the Network for Greening the Financial System (NGFS) Secretariat. He joined the Banque de France in 2005 and served in the Payment and Settlement Systems Department and as Deputy Head of the Macroprudential Division.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ERichard Monks\u003C\u002Fstrong\u003E is the Director of Strategy at the FCA. Richard has over 15 years’ experience in Financial Regulation, including roles in Supervision, Policy, Enforcement and as Private Secretary to former FSA Chairman, Lord Turner. Richard is responsible for setting the FCA Strategy, allocating FCA resource and for delivering cross-cutting strategic policy, such as climate change and inter-generational issues.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESpencer Dale\u003C\u002Fstrong\u003E is group chief economist of BP Plc. He manages BP’s economics and energy insights team which provides advice and analysis on the global energy system, the energy transition and the evolving nature of the energy system as it moves to net zero. The economics and energy insights team are responsible for producing BP’s annual Statistical Review of World Energy and BP’s Energy Outlook.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EWim Bartels \u003C\u002Fstrong\u003Eis KPMG’s Global Leader for Climate-related Risk Services, and also Partner for Corporate Reporting at KPMG in the Netherlands. He is a member of the Task Force on Climate-related Financial Disclosures (TCFD), which has developed guidance to help companies understand and disclose their financial exposure to climate-related risks.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EProf Frans Berkhout \u003C\u002Fstrong\u003Eis Executive Dean of the Faculty of Social Science & Public Policy and Professor of Environment, Society and Climate at King’s College London. He joined King’s in 2013. He was previously Director of the Future Earth programme, based at the International Council for Science (ICSU) in Paris, and Director of the Institute for Environmental Studies (IVM) at the VU University Amsterdam in The Netherlands.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EClara Barby \u003C\u002Fstrong\u003Eoversees the strategic direction of the IMP’s activities and leads its technical facilitation across a broad community of collaborating organisations. Clara has led the IMP since inception in 2016. She is on secondment from her role as a Partner at Bridges Fund Management, where she previously led the firm’s sustainable and impact investing strategies across all fund types. Clara also led the firm’s research and development efforts to promote the growth of the wider sustainable and impact investment sector. \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EProf Lucrezia Reichlin\u003C\u002Fstrong\u003E is Professor of Economics at the \u003Cem\u003ELondon Business School\u003C\u002Fem\u003E, non-executive director of \u003Cem\u003EAGEAS Insurance Group\u003C\u002Fem\u003E as well as Chairman & co-founder of \u003Cem\u003ENow-Casting Economics Ltd \u003C\u002Fem\u003Eand a Trustee of \u003Cem\u003EIFRS. \u003C\u002Fem\u003EShe is a columnist for the Italian national daily \u003Cem\u003EIl Corriere della Sera \u003C\u002Fem\u003Eand a regular contributor of\u003Cem\u003E Project Syndicate\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESheldon Mills\u003C\u002Fstrong\u003E is the Interim Executive Director of Strategy and Competition at the FCA. He is responsible for policy, strategy, competition, economics, market intelligence, consumer issues, and FCA Innovate. Sheldon is a qualified solicitor and has practiced law at King & Wood Mallesons and Jones Day, counselling a range of UK and international clients in antitrust and competition law. He holds undergraduate and postgraduate law degrees from King’s College, London and was born and raised in Cardiff, Wales.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Megan Bowman","entryDescription":"Director of Centre for Climate Law & Governance","entryThumbnail":null,"sys":{"id":"46f78750-ae4b-4e78-93ab-7144aa787738","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"SM policy forum on Climate-related disclosures","entryDescription":null,"sys":{"id":"c94a2fc2-9d79-4535-ad00-cce7b3599cdd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fsm-policy-forum-on-climate-related-disclosures.x581ce040.png"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"SM policy forum on Climate-related disclosures","entryDescription":null,"sys":{"id":"c94a2fc2-9d79-4535-ad00-cce7b3599cdd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fsm-policy-forum-on-climate-related-disclosures.x581ce040.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":null,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking and Finance is bringing together global experts to discuss climate-related corporate disclosures and inform the IFRS in its deliberations how to proceed.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Event Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4b17a4a0-cda8-4a6e-a6bf-bb6e0a16a957","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Policy Forum on Climate-Related Disclosures"},{"date":{"from":"2021-03-15T14:00:00","to":"2021-03-15T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_E02uC-7TTgqbJz7OhtWgbg","description":"Inflation in the U.S. has remained stable since the 1990s, even with real activity & unemployment cycling up and down. What explains this recent disconnect between inflation and unemployment?","heroImage":null,"relatedNews":null,"title":"Michele Lenza: What's up with the Phillips curve?","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-02-05T15:50:11.2456994Z","versionNo":"2.0","modified":"2021-02-09T19:14:38.1625367Z","modifiedBy":"","published":"2021-02-09T19:14:45.2680128Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5e59c7e4-c592-4d5b-b0ed-1e582d1e18a8","projectId":"website","slug":"michele-lenza-whats-up-with-the-phillips-curve","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"michele-lenza","entryDescription":null,"sys":{"id":"2cdb2523-00db-4f82-8a75-b2396260235b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fmichele-lenza.xad4e42fd.jpg"}}},"text":null,"align":"Left"}},{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes \u003Cstrong\u003EDr Michele Lenza\u003C\u002Fstrong\u003E from the European Central Bank to present this research seminar on ‘\u003Cem\u003E\u003Ca href=\"https:\u002F\u002Fwww.ecb.europa.eu\u002Fpub\u002Fpdf\u002Fscpwps\u002Fecb.wp2435~42e97b8aaf.en.pdf?4503534454a3d3d8a4361e87131fc264\" target=\"_blank\" rel=\"noopener\"\u003EWhat's up with the Phillips curve?\u003C\u002Fa\u003E\u003C\u002Fem\u003E’.\u003C\u002Fp\u003E\n\u003Cp\u003EThe Phillips curve suggests that inflation rises in economic booms and declines when the economy cools and unemployment rises. Inflation in the U.S. has remained stable since the 1990s, even though real activity and unemployment have cycled up and down. What explains this recent disconnect between inflation and unemployment?\u003C\u002Fp\u003E\n\u003Cp\u003EDr Michele Lenza, addresses this question by utilising a combination of state-of-the-art macroeconometric techniques (VARs, SVARs and estimated DSGE models), in this upcoming virtual seminar.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the speaker\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EMichele Lenza is Head of Section in the Monetary Policy Research Division of the European Central Bank. He received a PhD in Economics and Statistics from the Université Libre de Bruxelles and he is a Fellow of the Euro Area Business Cycle Network. His research interests cover monetary economics, business cycle analysis and macroeconometric methods.\u003C\u002Fp\u003E\n\u003Cp\u003EHis research appeared in peer-reviewed journals, such as The Review of Economics and Statistics, the Journal of the European Economic Association, the Economic Journal and the Journal of Money, Credit and Banking, among others.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the Virtual Seminar Series\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking and Finance's virtual seminar series provides a forum for researchers at Central Banks and Academics working on central banking issues to present their research. Seminars take place fortnightly and last one hour, including time for questions from attendees.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Inflation in the U.S. has remained stable since the 1990s, even with real activity & unemployment cycling up and down. What explains this recent disconnect between inflation and unemployment?","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Michele Lenza: What's up with the Phillips curve?"},{"date":{"from":"2021-03-01T14:00:00","to":"2021-03-01T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_UoNBRxteT2KzFdjvTNuPsQ","description":"Professor Neeltje van Horen examines the UK Help-to-Buy scheme's effects on homeownership and household spending.","heroImage":null,"relatedNews":null,"title":"Neeltje van Horen: Down Payment Constraints, Homeownership and Household Spending","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-02-05T15:39:21.1778281Z","versionNo":"6.0","modified":"2021-03-01T11:45:18.282301Z","modifiedBy":"k1812479","published":"2021-03-01T11:45:43.9251499Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"c5369970-9843-4d9b-ba0b-057955205c01","projectId":"website","slug":"neeltje-van-horen-down-payment-constraints-homeownership-and-household-spending","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":"w=1954&h=2470&crop=1547,1863,227,146","caption":"","asset":{"entryTitle":"Neeltje-portrait_PB","entryDescription":null,"sys":{"id":"e8981d9e-a79f-425d-8e8a-d171261d970e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fneeltje-portrait-pb.x5b34db01.jpg?w=1954&h=2470&crop=1547,1863,227,146"}}},"text":null,"align":"Right"}},{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes \u003Cstrong\u003EProfessor Neeltje van Horen\u003C\u002Fstrong\u003E from the Bank of England to present this research seminar on \u003Cem\u003E\u003Ca href=\"http:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fevent-pdfs\u002Fqcgbf-virtual-seminar-series\u002Fdownpaymentcontraints-january-2021.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"Verified\"\u003E‘Down Payment Constraints, Homeownership and Household Spending’\u003C\u002Fa\u003E.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EObtaining a mortgage has become increasingly difficult in recent years, especially for young and first-time buyers. Many governments have implemented or are considering implementing policies that help prospective buyers get on to the property ladder. However, not very much is known about the effectiveness and spillover effects of these policies.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this virtual seminar, Professor Neeltje van Horen will examine the effects the UK Help-to-Buy scheme has on homeownership and household spending. She will explore whether government schemes that ease down payment constraints can boost homeownership for young buyers.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch3\u003EAbout the speaker\u003C\u002Fh3\u003E\n\u003Cp\u003ENeeltje van Horen, is a senior research advisor at the Bank of England, professor of financial economics at the University of Amsterdam and research fellow at the CEPR. Neeltje's research focuses on the links between the financial sector and the real economy. This includes the impact of major economic shocks on companies and households, the effects of central bank policies on the behavior of banks, and the link between banks and governments. Much of Neeltje's previous research has focused on the role of internationally operating banks in corporate lending and shock transmission. Neeltje \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fneeltjevanhoren.com%2Fmy-research%2Fall-publications%2F&data=04%7C01%7Cizzy.rhodes%40kcl.ac.uk%7Cf182622d0b9f4630aa7f08d8c9170295%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C637480447953902266%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=MC8z6SBjXTJWrEjnkrp7WyidlC8hnniO5PUJFJ2AQqg%3D&reserved=0\"\u003Epublished\u003C\u002Fa\u003E in the Journal of Financial Economics, Review of Financial Studies, and the American Economic Journal – Macro, among others, and prior to joining the Bank of England, worked at De Nederlandsche Bank and the World Bank. Neeltje has held positions as a visiting scholar at the BRD, IMF and Chicago Fed, and is Associate Editor of the Journal of Money, Credit and Banking.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch3\u003E\u003Cstrong\u003EAbout the Virtual Seminar Series\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking and Finance's virtual seminar series provides a forum for researchers at Central Banks and Academics working on central banking issues to present their research. Seminars take place fortnightly and last one hour, including time for questions from attendees.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Professor Neeltje van Horen examines the UK Help-to-Buy scheme's effects on homeownership and household spending.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Neeltje van Horen: Down Payment Constraints, Homeownership and Household Spending"},{"date":{"from":"2021-02-15T14:00:00","to":"2021-02-15T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_Wi_qI2T7TMqpJVYLSJ3wcg","description":"Professor Moritz Schularick discusses the effects of extensive corporate debt on the economy in this research seminar.","heroImage":null,"relatedNews":null,"title":"Moritz Schularick: Zombies at large? Corporate debt overhang and the macroeconomy","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-02-05T15:21:30.8945615Z","versionNo":"7.0","modified":"2021-02-09T19:06:47.4297432Z","modifiedBy":"","published":"2021-02-09T19:07:00.3326803Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b8e639f9-2f5c-4b07-9a8c-46cf5d7d8145","projectId":"website","slug":"qcgbf-virtual-seminar-series-moritz-schularick","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":"crop=456,416,0,0","caption":"","asset":{"entryTitle":"moritz-schularick","entryDescription":null,"sys":{"id":"a6808060-47e7-4247-beb1-082835ffa3e1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fmoritz-schularick.x22f44c7d.jpg?crop=456,416,0,0"}}},"text":null,"align":"Right"}},{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes \u003Cstrong\u003EProfessor Moritz Schularick\u003C\u002Fstrong\u003E from the University of Bonn to present \u003Cstrong\u003E\u003Ca href=\"https:\u002F\u002Fwww.nber.org\u002Fpapers\u002Fw28197#:~:text=Corporate%20Debt%20Overhang%20and%20the%20Macroeconomy,-%C3%92scar%20Jord%C3%A0%2C%20Martin&text=Yet%20in%20line%20with%20theory,that%20corporate%20zombies%20creep%20along.\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003E'Zombies at large? Corporate debt overhang and the macroeconomy'\u003C\u002Fem\u003E\u003C\u002Fa\u003E.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe COVID-19 pandemic has seen business leverage rise to record levels, with 'zombie' firms earning just enough funds to continue operating and servicing their debt. This begs the question: how will these extensive business debts affect the economy in years to come?\u003C\u002Fp\u003E\n\u003Cp\u003EIn this virtual research seminar, Professor Moritz Schularick will discuss the effects extensive corporate debt has on the economy. In particular, using a new long-run dataset of business credit, he will examine whether surges in corporate debt cause recessions to be more severe or persistent.\u003C\u002Fp\u003E\n\u003Cp\u003EHe will also explore how high debt restructuring costs influence banks' decisions to keep zombie firms afloat.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the speaker\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EMoritz Schularick is a Professor of Economics at the University of Bonn, Director of the \u003Ca title=\"http:\u002F\u002Fwww.macrohistory.net\" href=\"http:\u002F\u002Fwww.macrohistory.net\u002F\" target=\"_blank\" rel=\"noopener\"\u003EMacroFinance Lab\u003C\u002Fa\u003E, and a Principal Investigator in the DFG-Excellence Cluster \u003Ca title=\"https:\u002F\u002Fselten.institute\u002Fecontribute\u002F\" href=\"https:\u002F\u002Fselten.institute\u002Fecontribute\u002F\" target=\"_blank\" rel=\"noopener\"\u003EECONtribute\u003C\u002Fa\u003E. Moritz works in the fields of macrofinance, banking and financial stability, as well as international finance, political economy, and economic history. Moritz aims to provide new and innovative perspectives on central questions facing society: the origins of financial stability and excessive risk-taking in financial markets, the link between rising debt and inequality, the effects of monetary policy on asset prices, or the past and future of globalization.\u003C\u002Fp\u003E\n\u003Cp\u003EIn 2018, Moritz received the Gossen-Prize of German Economic Association, Germany's most important prize for economists. Moritz is also one of the Managing Editors of Europe’s most important policy journal, \u003Ca title=\"https:\u002F\u002Fwww.economic-policy.org\" href=\"https:\u002F\u002Fwww.economic-policy.org\u002F\" target=\"_blank\" rel=\"noopener\"\u003EEconomic Policy\u003C\u002Fa\u003E, a Fellow of the \u003Ca title=\"https:\u002F\u002Fwww.ineteconomics.org\" href=\"https:\u002F\u002Fwww.ineteconomics.org\u002F\" target=\"_blank\" rel=\"noopener\"\u003EInstitute for New Economic Thinking\u003C\u002Fa\u003E, and an elected \u003Ca title=\"http:\u002F\u002Fwww.bbaw.de\" href=\"http:\u002F\u002Fwww.bbaw.de\u002F\" target=\"_blank\" rel=\"noopener\"\u003EMember of the Academy of Sciences of Berlin\u003C\u002Fa\u003E, his hometown.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the Virtual Seminar Series\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking and Finance's virtual seminar series provides a forum for researchers at Central Banks and Academics working on central banking issues to present their research. Seminars take place fortnightly and last one hour, including time for questions from attendees.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"banking-finance","entryThumbnail":null,"sys":{"id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Professor Moritz Schularick discusses the effects of extensive corporate debt on the economy in this research seminar.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Moritz Schularick: Zombies at large? Corporate debt overhang and the macroeconomy"},{"date":{"from":"2021-04-26T14:00:00","to":"2021-04-26T15:00:00"},"entryThumbnail":null,"regions":[],"link":null,"description":"Join Professor Samuel G. Hanson who will present as part of the QCGBF Virtual Seminar Series on 26 April 2021.","heroImage":null,"relatedNews":null,"title":"Professor Samuel G. Hanson: Predictable Financial Crises","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-02-22T13:12:13.0336464Z","versionNo":"2.0","modified":"2022-04-26T12:53:10.9028086Z","modifiedBy":"k1812479","published":"2022-04-26T12:53:19.3556752Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3a220dbc-a461-48ce-b793-823420d52b91","projectId":"website","slug":"samuel-g-hanson-predictable-financial-crises","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"samuel hanson","entryDescription":null,"sys":{"id":"1d344c95-f596-4280-9835-009b43cd975d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fsamuel-hanson.x1d35232b.PNG"}}},"text":null,"align":"Left"}},{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes Professor Samuel G. Hanson from Harvard Business School to present this research seminar on ‘\u003Ca href=\"https:\u002F\u002Fwww.hbs.edu\u002Fris\u002FPublication%20Files\u002FPaper_JF_Resubmission_8c2aeb30-1d18-4577-a509-9109cd21fc6e.pdf\"\u003EPredictable Financial Crises\u003C\u002Fa\u003E’.\u003C\u002Fp\u003E\n\u003Cp\u003EAre financial crises predictable? The predictability of financial crises is a central issue in ensuring the economy remains stable.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this virtual seminar, Professor Samuel G. Hanson will present historical data on post-war financial crises around the world, to show that crises are substantially predictable. He will discuss the combination of rapid credit and asset price growth and its effects on crisis predictability.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the speaker\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003ESamuel G. Hanson is a Professor in the Finance Unit at Harvard Business School, and a Faculty Research Fellow at the National Bureau of Economic Research. He teaches the Investment Strategies course in the MBA elective curriculum and PhD courses in Corporate Finance and Empirical Methods.\u003Cbr \u002F\u003E\u003Cbr \u002F\u003EProfessor Hanson holds a Ph.D. in Business Economics from Harvard University and a B.A. in Quantitative Economics and Philosophy from Tufts University. Before beginning his doctoral studies, he worked as an investment banking analyst at Lehman Brothers and as an assistant economist at the Federal Reserve Bank of New York. During 2009 Hanson worked at the U.S. Treasury Department where he served as a Special Assistant and Liaison to the White House National Economic Council.\u003Cbr \u002F\u003E\u003Cbr \u002F\u003EProfessor Hanson’s research interests lie in corporate finance, behavioral finance, and asset pricing. His recent research has focused on corporate supply responses to fluctuations in investor demand for different types of securities and on optimal financial regulation. Hanson’s research has appeared in the\u003Cem\u003E Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, \u003C\u002Fem\u003Eand \u003Cem\u003Ethe Journal of Economic Perspectives.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the Virtual Seminar Series\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking and Finance's virtual seminar series provides a forum for researchers at Central Banks and Academics working on central banking issues to present their research. Seminars take place fortnightly Monday at 2pm and last one hour, including time for questions from attendees.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fseries\u002Fqcgbf-virtual-seminar-series\"\u003EClick to find out more about our upcoming virtual seminars\u003C\u002Fa\u003E\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join Professor Samuel G. Hanson who will present as part of the QCGBF Virtual Seminar Series on 26 April 2021.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Professor Samuel G. Hanson: Predictable Financial Crises"},{"date":{"from":"2021-04-12T14:00:00","to":"2021-04-12T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_dx_6va-8QyWXiiciVSGMaw","description":"Join Martin Ellison who will be speaking as part of the QCGBF Virtual Seminar Series on 12 April 2021.","heroImage":null,"relatedNews":null,"title":"Professor Martin Ellison: The Economic Impact of Recession Announcements","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-02-23T16:16:34.0790432Z","versionNo":"3.0","modified":"2021-04-01T07:55:35.3631178Z","modifiedBy":"","published":"2021-04-01T07:55:43.660165Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0a6520b8-36c3-4188-b7e3-80813dd00f32","projectId":"website","slug":"martin-ellison-the-economic-impact-of-recession-announcements","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"martin-ellison-1","entryDescription":null,"sys":{"id":"09688989-4934-415a-bb17-c73ce0bc0aea","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fmartin-ellison-1.x173f471d.jpg"}}},"text":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes Professor Martin Ellison from the University of Oxford to present this research seminar on ‘The Economic Impact of Recession Announcements’.\u003C\u002Fp\u003E\n\u003Cp\u003EIt is customary for the news media to announce a recession if a country experiences two consecutive quarters of negative growth. In this upcoming seminar, Professor Martin Ellison will use Regression Discontinuity Design to identify the economic impact of these recession announcements.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the speaker\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EMartin is a Professor of Economics at the University of Oxford and a Fellow of Nuffield College. He gained his PhD in economics from the European University Institute in Florence, and was previously a consultant at the Bank of England and Professor at the University of Warwick. In recent years he has been a Visiting Professor at Universitat Autònoma de Barcelona and the University of British Columbia in Vancouver. He is currently a consultant at the European Central Bank, a member of the Finnish Economic Policy Council, and a Fellow of the Centre for Economic Policy Research (CEPR).\u003C\u002Fp\u003E\n\u003Cp\u003EHis research interests cover many areas of theoretical and applied macroeconomics, with recent papers concentrating on the management of the UK National Debt, the role that leaving the gold standard played in ending the Great Depression, and the economic value of increases in longevity. Just out is a contribution to a “Debt and Entanglements Between the Wars”, a volume of readings published by the IMF, and academic papers in the journals American Economic Journal: Macroeconomics and Journal of the European Economic Association.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EAbout the Virtual Seminar Series\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking and Finance's virtual seminar series provides a forum for researchers at Central Banks and Academics working on central banking issues to present their research. Seminars take place fortnightly Monday at 2pm and last one hour, including time for questions from attendees.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fevents\u002Fseries\u002Fqcgbf-virtual-seminar-series\"\u003EClick to find out more about our upcoming virtual seminars\u003C\u002Fa\u003E\u003C\u002Fp\u003E","align":"Left"}}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join Martin Ellison who will be speaking as part of the QCGBF Virtual Seminar Series on 12 April 2021.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Professor Martin Ellison: The Economic Impact of Recession Announcements"},{"date":{"from":"2021-06-07T14:00:00","to":"2021-06-07T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_0gRWcFtIRlSths959YNHkg","description":"Join us for another in the Summer collection of the QCGBF Virtual Seminar Series","heroImage":null,"relatedNews":null,"title":"Tarun Ramadorai: Cross-subsidies in the UK mortgage market","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-04-22T07:41:54.9391484Z","versionNo":"1.0","modified":"2021-05-06T12:24:36.4074905Z","modifiedBy":"","published":"2021-05-06T12:25:06.7288428Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3ffdc609-a0cc-461c-ba89-773ced011cca","projectId":"website","slug":"qcgbf-virtual-seminar-series-tarun-ramadorai","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"tarun-ramadorai-headshot","entryDescription":null,"sys":{"id":"b52e08b6-4a65-470c-a0e9-7be48b837a09","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Ftarun-ramadorai-headshot.x24bf88a7.jpg"}}},"text":"\u003Cp\u003EJoin us for the second in the Summer 2021 QCGBF Virtual Seminar Series, with Tarun Ramadorai who will be presenting 'Cross-subsidies in the UK mortgage market'.\u003C\u002Fp\u003E\n\u003Cp\u003EHousehold inaction in mortgage refinancing is pervasive despite significant financial incentives to take action (\u003Ca href=\"https:\u002F\u002Fwww.aeaweb.org\u002Farticles?id=10.1257\u002Faer.20180865\"\u003EAndersen et al., 2020\u003C\u002Fa\u003E). When markets are populated by households with varying degrees of inaction, inactive households implicitly cross-subsidize active households (\u003Ca href=\"https:\u002F\u002Facademic.oup.com\u002Fqje\u002Farticle-abstract\u002F121\u002F2\u002F505\u002F1884013?redirectedFrom=fulltext\"\u003EGabaix and Laibson, 2006\u003C\u002Fa\u003E). In the mortgage market, this cross-subsidy allows competitive lenders to set lower rates on average, as a result of the higher average rate paid by inactive households. To provide a money-metric assessment of this cross-subsidy, we build a model of household refinancing behaviour and structurally estimate it in the UK mortgage market, an institutional setting well-suited for this calculation given that households pick initial \"teaser rates’’ that automatically roll over into a high variable rate in the absence of prompt refinancing. Our structural estimation utilizes rich administrative data on the stock of loans outstanding, rather than the flow, allowing us to side-step the need for additional assumptions to evaluate the size of the cross-subsidy. The model and data also yield assessments of how the cross-subsidy varies across demographic characteristics and regional locations in the UK.\u003C\u002Fp\u003E","align":"Left"}},{"type":"subheading","value":"About the speaker"},{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.imperial.ac.uk\u002Fpeople\u002Ft.ramadorai\"\u003ETarun Ramadorai\u003C\u002Fa\u003E is Professor of Financial Economics at Imperial College London. He has a broad range of research interests in the areas of household finance, asset pricing, international finance, and real estate. He is greatly interested in finance and economics issues in emerging markets, with a particular focus on India. He has published on these topics in a number of scholarly journals in finance and economics including the American Economic Review, the Review of Economic Studies, the Journal of Economic Literature, the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.\u003C\u002Fp\u003E\n\u003Cp\u003ETarun currently serves as an Editor of the Review of Financial Studies. He has previously served as an Associate Editor of the Review of Financial Studies and Management Science, and as a council member of the Society of Financial Studies. He is currently a Research Fellow of CEPR, a Senior Academic Fellow of the Asian Bureau of Finance and Economics Research (ABFER), and a Nonresident Senior Fellow at the National Council of Applied Economic Research (NCAER).\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for another in the Summer collection of the QCGBF Virtual Seminar Series","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Tarun Ramadorai: Cross-subsidies in the UK mortgage market"},{"date":{"from":"2021-05-24T14:00:00","to":"2021-05-24T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_UPjCjpy1S6-7PfqmsvSPeQ","description":"Join us for the first in our Summer collection of the QCGBF Virtual Seminar Series.","heroImage":null,"relatedNews":null,"title":"Robin Greenwood: Reflexivity in Credit Markets","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-03-09T11:16:51.3194778Z","versionNo":"1.0","modified":"2021-05-06T11:51:51.7412444Z","modifiedBy":"","published":"2021-05-06T12:25:01.994415Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"60d85d51-80af-4360-816b-7f25387468f4","projectId":"website","slug":"qcgbf-virtual-seminar-series-robin-greenwood","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"robin-greenwood","entryDescription":null,"sys":{"id":"9685fdd6-040a-465f-9f13-6db166597611","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Frobin-greenwood.x9bd6a0db.jpg"}}},"text":"\u003Cp\u003EJoin us for the first in the Summer 2021 QCGBF Virtual Seminar Series, with Robin Greenwood who will be presenting '\u003Ca href=\"https:\u002F\u002Fwww.hbs.edu\u002Ffaculty\u002FPages\u002Fitem.aspx?num=51569\"\u003EReflexivity in Credit Markets\u003C\u002Fa\u003E'.\u003C\u002Fp\u003E\n\u003Cp\u003EReflexivity is the idea that investors' biased beliefs affect market outcomes, and that market outcomes in turn affect investors' beliefs. We develop a behavioral model of the credit cycle featuring such a two-way feedback loop. In our model, investors form beliefs about firms' creditworthiness, in part by extrapolating past default rates. Investor beliefs influence firms' actual creditworthiness because firms that can refinance maturing debt on favorable terms are less likely to default in the short run—even if fundamentals do not justify investors' generosity. Our model is able to match many features of credit booms and busts, including the imperfect synchronization of credit cycles with the real economy, the negative relationship between past credit growth and the future return on risky bonds, and \"calm before the storm\" periods in which firm fundamentals have deteriorated but the credit market has not yet turned.\u003C\u002Fp\u003E","align":"Left"}},{"type":"subheading","value":"About the Speaker"},{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.hbs.edu\u002Ffaculty\u002FPages\u002Fprofile.aspx?facId=136446\"\u003ERobin Greenwood\u003C\u002Fa\u003E is the George Gund Professor of Finance and Banking at Harvard Business School. At HBS he is the Faculty director of the Behavioral Finance and Financial Stability project, co-chairs the Business Economics PhD program, and served as Finance Unit Head from 2018-2021. He is a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York and a Research Associate at the National Bureau of Economics Research.\u003Cbr \u002F\u003E\u003Cbr \u002F\u003ERobin's research is in behavioral and institutional finance, with a particular focus on \"macro-level\" market inefficiencies such as asset price bubbles. He has also coauthored research on the role of government and central banks in the debt markets. His research awards include the 2015 Brattle Group Distinguished Paper for an outstanding corporate finance paper published in the Journal of Finance, and the inaugural 2014 Jack Treynor Prize awarded by the Institute for Quantitative Research in Finance. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003ERobin received a Ph.D. from Harvard in Economics, and B.S. degrees in Economics and Mathematics at MIT. He has taught in both years of the MBA curriculum as well as the PhD program.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for the first in our Summer collection of the QCGBF Virtual Seminar Series.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Robin Greenwood: Reflexivity in Credit Markets"},{"date":{"from":"2021-06-21T16:00:00","to":"2021-06-21T17:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_9WxkGu58SbiaHtdR-K3qfw","description":"Join us for the next in the QCGBF Virtual Seminar Series","heroImage":null,"relatedNews":null,"title":"Adam Shapiro: Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-04-22T07:51:43.5533992Z","versionNo":"1.0","modified":"2021-05-06T11:50:12.4676063Z","modifiedBy":"","published":"2021-05-06T12:24:56.2012385Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2da6496d-58a6-41fd-ad36-99757ac5d826","projectId":"website","slug":"qcgbf-virtual-seminar-series-adam-shapiro","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"adam-shapiro.png","entryDescription":null,"sys":{"id":"7cfa1500-9128-4f96-92b3-2b25668b9a70","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fadam-shapiro.png.xd1f73dfb.jpg"}}},"text":"\u003Cp\u003EJoin us for the third in the Summer 2021 QCGBF Virtual Seminar Series, with Adam Shapiro who will be presenting on his and Daniel J. Wilson's paper '\u003Ca href=\"https:\u002F\u002Fwww.frbsf.org\u002Feconomic-research\u002Ffiles\u002Fwp2019-02.pdf\"\u003ETaking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis\u003C\u002Fa\u003E'.\u003C\u002Fp\u003E\n\u003Cp\u003EWe propose a new approach to estimating central bank preferences, including the implicit inflation target, that requires no priors on the underlying macroeconomic structure nor observation of monetary policy actions. Our approach entails directly estimating the central bank’s objective function from the sentiment expressed by policymakers in their internal meetings. We apply the approach to the objective function of the U.S. Federal Open Market Committee (FOMC). The results challenge two key aspects of conventional wisdom regarding FOMC preferences. First, theFOMC had an implicit inflation target of approximately 1 1\u002F2 percent on average over our baseline 2000 - 2011 sample period, significantly below the commonly-assumed value of 2. Second, the FOMC’s loss depends strongly on output growth and stock market performance and less so on their perception of current economic slack.\u003C\u002Fp\u003E","align":"Left"}},{"type":"subheading","value":"About the Speaker"},{"type":"text","value":"\u003Cp\u003EAdam is Vice President of Macro Analysis and Economic Geography at the Federal Reserve Bank of San Francisco. He has been with the research department since 2012. Adam’s research primarily aims at understanding price and inflation dynamics, and his research has appeared in \u003Cem\u003Ethe Journal of Political Economy,\u003C\u002Fem\u003E the \u003Cem\u003EReview of Economics and Statistics\u003C\u002Fem\u003E, the \u003Cem\u003EJournal of Econometrics\u003C\u002Fem\u003E, the \u003Cem\u003EJournal of Law & Economics\u003C\u002Fem\u003E, and the \u003Cem\u003EJournal of International Economics\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EAdam completed his Ph.D. and M.A. in Economics at Boston University, and his B.A. in Economics and Mathematics at Columbia University.\u003C\u002Fp\u003E"}],"isOpenDay":null,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for the next in the QCGBF Virtual Seminar Series","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Adam Shapiro: Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis"},{"date":{"from":"2021-10-11T14:00:00","to":"2021-10-11T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_KL9pAUj3SQWGxLe46rl9Rw","description":"Professor Paul Levine will discuss a general mandate framework developed for delegating monetary policy to an instrument-independent, but goal-dependent central bank to discover whether raising the inflation target above the standard 2% per year to 4% is a feasible welfare-enhancing mandate for central banks to deal very effectively with the ZLB.","heroImage":null,"relatedNews":null,"title":"Paul Levine: Mandates and Monetary Rules in a New Keynesian Framework","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"","created":"2021-09-20T10:10:00.3135995Z","versionNo":"4.0","modified":"2021-10-05T13:49:44.656583Z","modifiedBy":"k1812479","published":"2021-10-05T13:49:54.3071274Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"92358f17-c25e-4c04-8232-0a022c9dfa9d","projectId":"website","slug":"paul-levine-mandates-and-monetary-rules-in-a-new-keynesian-framework","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Levine_photo","entryDescription":null,"sys":{"id":"8fc42a6c-9a5e-4f8d-992d-812529738b05","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Flevine-photo.xfd77696e.png"}}},"text":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes Professor Paul Levine from the University of Surrey to present this research seminar on '\u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=3702618\"\u003EMandates and Monetary Rules in a New Keynesian Framework\u003C\u002Fa\u003E'.\u003C\u002Fp\u003E\n\u003Cp\u003EIt is now generally accepted that monetary policy should be conducted within a framework of instrument independence based on the principles of commitment, accountability and transparency. By a credible commitment to future policies, central banks are then able to influence expectations that achieve the best trade-offs.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this virtual seminar, Professor Paul Levine will discuss a general mandate framework developed for delegating monetary policy to an instrument-independent, but goal-dependent central bank to discover whether raising the inflation target above the standard 2% per year to 4% is a feasible welfare-enhancing mandate for central banks to deal very effectively with the ZLB. The mandate consists of four components:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Ea welfare objective delegated to the central bank in the form of a simple quadratic a loss function that penalizes deviations from target macroeconomic variables (as a benchmark we also consider the household utility as the objective),\u003C\u002Fli\u003E\n\u003Cli\u003Ea form of a Taylor-type nominal interest-rate rule that responds to the same target variables specified in the loss function,\u003C\u002Fli\u003E\n\u003Cli\u003Ea zero-lower-bound (ZLB) constraint on the nominal interest rate in the form of a specified unconditional probability of ZLB episodes and\u003C\u002Fli\u003E\n\u003Cli\u003Ea long-run (steady-state) inflation target.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","align":"Left"}},{"type":"subheading","value":"About the Speaker"},{"type":"text","value":"\u003Cp\u003EPaul Levine is a Professor in the School of Economics at the University of Surrey. He received a first-class BSc and a PhD, both in Mathematics, from the University of Manchester and an MSc in economics (distinction) at Queen Mary, London. In 1984 he became a senior research officer at the Centre for Economic Forecasting, London Business School and was appointed Professor of Economics at the University of Leicester in 1989. In 1994 he moved to the University of Surrey. He has acted as a consultant and\u002For visiting researcher at the IMF, the ECB, the central banks of Peru and Nigeria, and the World Bank. His main research activity has policy analysis using empirically-based DSGE and behavioural macroeconomic models, both closed and open economy. More recently he has worked on integrating epidemiology and macroeconomic models. He has published over 100 refereed articles or chapters and 2 books. Refereed articles include publications in the \u003Cem\u003EJournal of Economic Theory\u003C\u002Fem\u003E, \u003Cem\u003EThe Economic Journal\u003C\u002Fem\u003E, \u003Cem\u003EThe European Economic Review \u003C\u002Fem\u003Eand the \u003Cem\u003EJournal of Monetary Econo\u003C\u002Fem\u003Emics. He is ranked by IDEAS-REPEC in the top 5% in 37\u002F39 categories, including average rank for which he is in the top 2% of the world’s publishing economists.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Professor Paul Levine will discuss a general mandate framework developed for delegating monetary policy to an instrument-independent, but goal-dependent central bank to discover whether raising the inflation target above the standard 2% per year to 4% is a feasible welfare-enhancing mandate for central banks to deal very effectively with the ZLB.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Paul Levine: Mandates and Monetary Rules in a New Keynesian Framework"},{"date":{"from":"2021-10-25T14:00:00","to":"2021-10-25T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_Dh8aDCiCRk2-iWHX6A1pyA","description":"Join us for the third in the Autumn 2021 QCGBF Virtual Seminar series with, Tommaso Monacelli presenting his paper on, 'Stabilization vs. Redistribution: The Optimal Monetary-Fiscal Mix'","heroImage":null,"relatedNews":null,"title":"Tommaso Monacelli: Stabilization vs. Redistribution: The Optimal Monetary-Fiscal Mix","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-09-09T14:58:07.7724537Z","versionNo":"5.0","modified":"2021-10-18T11:41:25.6726969Z","modifiedBy":"","published":"2021-10-18T11:41:42.1691019Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0fd1ac72-b080-4a64-98e5-14f21709ada9","projectId":"website","slug":"tommaso-monacelli-stabilization-vs.-redistribution-the-optical-monetary-fiscal-mix","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"tommaso-monacelli","entryDescription":null,"sys":{"id":"8b486c16-3611-4c78-8f9c-2cde498645f3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Ftommaso-monacelli.xdb553e90.jpg"}}},"text":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is delighted to welcome Professor Tommaso Monacelli from Bocconi University to present this research seminar on \u003Ca href=\"https:\u002F\u002Fcepr.org\u002Factive\u002Fpublications\u002Fdiscussion_papers\u002Fdp.php?dpno=15199\"\u003E'Stabilization vs. Redistribution: The Optimal Monetary-Fiscal Mix'\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EStabilization and redistribution are intertwined in a model with heterogeneity, imperfect insurance, and nominal rigidity, making fiscal and monetary policy inextricably linked for aggregate-demand management. Movements in inequality induced by fiscal transfers make the flexible-price equilibrium sub-optimal, thus triggering a stabilization vs redistribution trade-off. Likewise, changes in government spending that are associated with changes in the distribution of taxes (progressive vs. regressive) induce a trade-off for monetary policy: the central bank cannot stabilize real activity at its efficient level (including insurance) and simultaneously avoid inflation. Fiscal policy can be used in conjunction to monetary policy to strike the optimal balance between stabilization and insurance (redistribution) motives.\u003C\u002Fp\u003E","align":"Left"}},{"type":"subheading","value":"About the Speaker"},{"type":"text","value":"\u003Cp\u003ETommaso Monacelli is Professor of Economics at Bocconi University (Milan), Fellow of IGIER (Innocenzo Gasparini Institute for Economic Research), CEPR (Centre for European Economic Policy), and Kiel Institute for the World Economy (IFW). He is currently Head of the Economics Department. He holds a Ph.D. in Economics from New York University, and has been previously Associate Professor at Bocconi and Assistant Professor at Boston College. He is currently Managing (Co-)Editor of Economic Policy, Associate Editor of the Journal of the European Economic Association, Journal of Money Credit and Banking, European Economic Review, and IMF Economic Review. He has been Visiting Professor at Columbia University (New York), and Central European University (CEU), research consultant for the ECB and the OECD, Visiting Scholar at IMF, ECB and Riksbank. His research interests are in the area of Monetary Economics, Macroeconomics, and International Macroeconomics.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for the third in the Autumn 2021 QCGBF Virtual Seminar series with, Tommaso Monacelli presenting his paper on, 'Stabilization vs. Redistribution: The Optimal Monetary-Fiscal Mix'","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Tommaso Monacelli: Stabilization vs. Redistribution: The Optimal Monetary-Fiscal Mix"},{"date":{"from":"2021-09-27T13:00:00","to":"2021-09-27T14:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_FYp8Vgc6TQCuGK_SnHahXg","description":"Dr Ricardo Correa investigates the effect of climate change, through natural disasters, on corporate borrowing costs, using novel data to construct granular measures of borrowers’ exposure to various natural disasters","heroImage":null,"relatedNews":null,"title":"Ricardo Correa: The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters and Loan Pricing","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-09-09T14:47:05.6931439Z","versionNo":"5.0","modified":"2021-09-22T13:02:23.0529223Z","modifiedBy":"","published":"2021-09-22T13:02:29.8081842Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7c1176a3-792d-467a-9d88-68a5fc54c18b","projectId":"website","slug":"ricardo-correa-the-rising-tide-lifts-some-interest-rates-climate-change-natural-disasters-and-loan-pricing","properties":{}},"richText1":null,"content":[{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"correa_ricardo","entryDescription":null,"sys":{"id":"ef8e4b7f-17bb-4a9c-ab00-4c3d4785c70e","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fcorrea-ricardo.x0fbb62e6.jpg"}}},"text":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes Dr Ricardo Correa from the Board of Governors of the Federal Reserve System to present this research seminar on \u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=3710451\"\u003E'The rising tide lifts some interest rates: climate change, natural disasters and loan pricing'\u003C\u002Fa\u003E\u003Cstrong\u003E.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EFollowing a climate change-related disaster, interest rates on loans of at-risk but unaffected borrowers spike both in the primary and secondary markets. Consistent with time-varying attention to climate change, effects are amplified when attention to climate change is high, and there is no such effect for disasters that do not get worse with climate change. Borrowers with the largest exposure to climate change, and those with the least ability to absorb adverse shocks, suffer the highest increase in rates. Firms react by reducing investment and increasing cash reserves.\u003C\u002Fp\u003E\n\u003Cp\u003EIn this virtual seminar, Dr Ricardo Correa will investigate the effect of climate change, through natural disasters, on corporate borrowing costs, using novel data to construct granular measures of borrowers’ exposure to various natural disasters.\u003C\u002Fp\u003E","align":"Left"}},{"type":"subheading","value":"About the Speaker"},{"type":"text","value":"\u003Cp\u003ERicardo Correa is a Deputy Associate Director in the International Finance Division at the Board of Governors of the Federal Reserve System. He conducts policy analysis in the areas of international banking and financial stability and his research focuses on banking, empirical corporate finance, and international finance topics. His work has been published in the Journal of Financial Economics, Review of Financial Studies, and Journal of Financial Intermediation, amongst others. He received a Ph.D. in economics from Columbia University and a B.A. in economics from the Universidad de los Andes in Bogotá, Colombia.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Dr Ricardo Correa investigates the effect of climate change, through natural disasters, on corporate borrowing costs, using novel data to construct granular measures of borrowers’ exposure to various natural disasters","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Ricardo Correa: The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters and Loan Pricing"},{"date":{"from":"2021-11-22T14:00:00","to":"2021-11-22T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_-f-f2quiRVGTaZXYpuU_gw","description":"Dr Caterina Mendicino from the European Central Bank joins us to present 'Twin Defaults and Bank Capital Requirements' as part of the QCGBF Virtual Seminar Series.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Caterina Mendicino: Twin Defaults and Bank Capital Requirements","type":[{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k2148902","created":"2021-10-19T15:35:16.4172239Z","versionNo":"5.0","modified":"2021-11-17T14:43:30.4837694Z","modifiedBy":"k1812479","published":"2021-11-17T14:43:59.9679673Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"129ee5d2-b794-4bd5-a5a0-fda0a82d2a32","projectId":"website","slug":"qcgbf-virtual-seminar-series-caterina-mendicino-twin-defaults-and-bank-capital-requirements","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes Dr Caterina Mendicino from the European Central Bank to present this research seminar on '\u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=3536486\" target=\"_blank\" rel=\"noopener\"\u003ETwin Defaults and Bank Capital Requirements'\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPaper Abstract\u003Cbr \u002F\u003E\u003C\u002Fstrong\u003EWe examine optimal capital requirements in a quantitative general equilibrium model with banks exposed to non-diversifiable borrower default risk. Contrary to standard models of bank default risk, our framework captures the limited upside but significant downside risk of loan portfolio returns (Nagel and Purnanandam, 2020). This helps to reproduce the frequency and severity of twin defaults: simultaneously high firm and bank failures. Hence, the optimal bank capital requirement, which trades off a lower frequency of twin defaults against restricting credit provision, is 5pp higher than under standard default risk models which underestimate the impact of borrower default on bank solvency.\u003C\u002Fp\u003E"},{"type":"subheading","value":"About the Speaker"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":"w=400&h=400","caption":"","asset":{"entryTitle":"CaterinaMendicino","entryDescription":null,"sys":{"id":"5a35bcb0-6936-4a4c-ae54-ce7374f6c2fd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fcaterinamendicino.xcee8f1ec.jpg?w=400&h=400"}}},"text":"\u003Cp\u003ECaterina Mendicino is the Senior Lead Economist in the Monetary Policy Research Division of the \u003Cstrong\u003EEuropean Central Bank (ECB)\u003C\u002Fstrong\u003E. She is interested in quantitative and empirical research in monetary and financial economics, with a particular focus on the real and financial stability effects of central bank policies and the interaction between monetary and macroprudential policies.\u003C\u002Fp\u003E\n\u003Cp\u003ECaterina holds a Ph.D from the \u003Cstrong\u003EStockholm School of Economics\u003C\u002Fstrong\u003E and prior to joining the ECB worked for the \u003Cstrong\u003EBank of Portugal \u003C\u002Fstrong\u003E(2008-2013) and the \u003Cstrong\u003EBank of Canada \u003C\u002Fstrong\u003E(2006-2008).\u003C\u002Fp\u003E\n\u003Cp\u003EAdditional information can be \u003Ca href=\"https:\u002F\u002Fsites.google.com\u002Fsite\u002Fcaterinamendicino\u002FHome\"\u003Efound on her webpage\u003C\u002Fa\u003E.\u003C\u002Fp\u003E","align":"Left"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Dr Caterina Mendicino from the European Central Bank joins us to present 'Twin Defaults and Bank Capital Requirements' as part of the QCGBF Virtual Seminar Series.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Caterina Mendicino: Twin Defaults and Bank Capital Requirements"},{"date":{"from":"2021-11-08T14:00:00","to":"2021-11-08T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_x_6ACCHgTZi8dzqPTQluyw","description":"Dr. Egon Zakrajšek from the Bank for International Settlements presents 'The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF' as part of the QCGBF Virtual Seminar Series.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF - Egon Zakrajšek","type":[{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"draft"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"k1812479","created":"2021-10-19T14:42:36.7901294Z","versionNo":"4.0","modified":"2021-10-25T17:46:17.9794398Z","modifiedBy":"","published":"2021-10-25T17:49:01.1620079Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"65c36ffe-92c1-4e6e-a5cd-8e80372515d0","projectId":"website","slug":"egon-zakrajsek-fed-corporate-credit-risk-analysis-efficacy-smccf","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is delighted to welcome Dr. Egon Zakraj&scaron;ek from the Bank for International Settlements to present this research seminar on \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fevent-pdfs\u002Fthe-fed-takes-on-corporate-credit-risk-an-analysis-of-the-efficacy-of-the-smccf.pdf\" target=\"_blank\" rel=\"noopener\"\u003EThe Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPaper Abstract\u003Cbr \u002F\u003E\u003C\u002Fstrong\u003EWe evaluate the efficacy of the Secondary Market Corporate Credit Facility (SMCCF), a program designed to stabilize the U.S. corporate bond market during the Covid-19 pandemic. The Fed announced the SMCCF on March 23, 2020, and expanded the program on April 9. \u003Cbr \u002F\u003E\u003Cbr \u002F\u003EOur results show that the two announcements significantly lowered credit and bid-ask spreads, the former almost entirely through a reduction in credit risk premia. The announcements had a differential effect on the program-eligible bonds relative to their ineligible counterparts, but this difference is not due to program eligibility per se, according to our results. Rather, the announcements restored the “normal” upward-sloping profile of the term structure of credit spreads by substantially reducing spreads at the short end of the maturity spectrum relative to spreads at the long end.\u003C\u002Fp\u003E\n\u003Cp\u003EUsing an IV approach, we also document important announcement-induced spillovers across all bonds outstanding for issuers whose bonds were likely to be purchased by the facility. Finally, we show that the Fed’s actual purchases had negligible effects on credit and bid-ask spreads.\u003C\u002Fp\u003E\n\u003Cp\u003EOur results highlight the extraordinary power of modern central banks: when markets have trust in the central bank’s ability to deliver on its promise, as exemplified by the iconic “whatever it takes” remark by Mario Draghi, the central bank needs to do less (if anything) to deliver on its promise.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":"w=300&h=414","caption":"","asset":{"entryTitle":"egon-Zakrajsek","entryDescription":null,"sys":{"id":"beb49aab-a8d2-407a-bb03-b2f3b8805533","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fegon-zakrajsek.x6fbf02ae.jpg?w=300&h=414"}}},"text":"\u003Cp\u003E\u003Cstrong\u003EAbout the Speaker\u003Cbr \u002F\u003E\u003C\u002Fstrong\u003EEgon Zakraj&scaron;ek is a Senior Adviser in the Monetary and Economic Department at the Bank for International Settlements (BIS). A native of Slovenia, he joined the BIS in August 2019 after nearly 25 years with the US Federal Reserve System.\u003C\u002Fp\u003E\n\u003Cp\u003EEgon started his career in the research department of the Federal Reserve Bank of New York and later joined the division of Monetary Affairs at the Board of Governors of the Federal Reserve System in Washington DC. In Monetary Affairs, Egon served as the Chief of the Banking Analysis section and in 2007 was appointed to the Board's official staff. Between 2007 and 2019, he held a succession of senior executive roles in the division, most recently as a Senior Adviser.\u003C\u002Fp\u003E\n\u003Cp\u003EEgon’s policy and research interests focus on macro-finance, inflation dynamics and monetary policy, and his research on the role of financial factors in economic fluctuations has been published in leading academic journals, including the \u003Cem\u003EAmerican Economic Review\u003C\u002Fem\u003E and the \u003Cem\u003EQuarterly Journal of Economics\u003C\u002Fem\u003E. Egon is a CEPR Research Fellow, a Research Fellow at the Centre for Finance, Credit and Macroeconomics at the University of Nottingham and serves as the editor of BIS Working Papers.\u003C\u002Fp\u003E\n\u003Cp\u003EIn addition to his extensive policy experience, he has also taught economics at Columbia University and Johns Hopkins University. Egon holds a PhD in economics from New York University.\u003C\u002Fp\u003E","align":"Right"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Dr. Egon Zakrajšek from the Bank for International Settlements presents 'The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF' as part of the QCGBF Virtual Seminar Series.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF - Egon Zakrajšek"},{"date":{"from":"2021-12-06T14:00:00","to":"2021-12-06T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_qCOlGP82RVyGY4-JgKJ1XQ","description":"Christian Matthes presents 'Extreme Weather and the Macroeconomy' as part of the QCGBF Virtual Seminar Series.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Extreme Weather and the Macroeconomy - Christian Matthes","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2021-09-20T09:52:03.6604138Z","versionNo":"3.0","modified":"2021-10-25T17:45:35.7855668Z","modifiedBy":"","published":"2021-10-25T17:45:54.587492Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5009998c-f2dd-4662-8fe2-ffebcaacbb12","projectId":"website","slug":"christian-matthes-extreme-weather-and-the-macroeconomy","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance welcomes Associate Professor Christian Matthes from Indiana University to present this virtual research seminar on \u003Cstrong\u003E'\u003Ca href=\"https:\u002F\u002Fwww.richmondfed.org\u002Fpublications\u002Fresearch\u002Fworking_papers\u002F2021\u002Fwp_21-14\" target=\"_blank\" rel=\"noopener\"\u003EExtreme Weather and the Macroeconomy'\u003C\u002Fa\u003E.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAbstract\u003Cbr \u002F\u003E\u003C\u002Fstrong\u003EWe investigate the macroeconomic effects of changes in extreme weather in the United States over the past sixty years by incorporating the Actuaries Climate Index (ACI) into a smooth transition vector autoregressive analysis of the United States economy. The ACI tracks changes in the distribution of extreme temperatures, heavy rainfall, drought, high wind, and sea level. While the effects of extreme weather events are negligible at the beginning of the sample, they become more significant later: An increase in the index now persistently reduces the \u003Cem\u003Egrowth rate\u003C\u002Fem\u003E of industrial production while raising the unemployment rate and inflation.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"christian-matthes","entryDescription":null,"sys":{"id":"fb8fbbbe-f559-48ca-bb68-340d595685b8","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fchristian-matthes.xc11ad138.png"}}},"text":"\u003Cp\u003E\u003Cstrong\u003EAbout the Speaker\u003Cbr \u002F\u003E\u003C\u002Fstrong\u003EChristian Matthes works at the intersection of macroeconomics and econometrics. His main research interests are the econometric analysis of dynamic equilibrium models, the development of linear and non-linear time series models for macroeconomic data, as well as the study of equilibrium models with imperfect information.\u003Cbr \u002F\u003EA native of Germany, Christian received his undergraduate degree at Goethe University in Frankfurt before coming to the US for his doctoral studies at NYU, where he received MA and PhD degrees.\u003Cbr \u002F\u003EPrior to working at Indiana University, Christian worked at Universitat Pompeu Fabra in Barcelona from 2010-2013 and at the Federal Reserve Bank of Richmond’s research department from 2013 until 2019.\u003C\u002Fp\u003E","align":"Right"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Christian Matthes presents 'Extreme Weather and the Macroeconomy' as part of the QCGBF Virtual Seminar Series.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Extreme Weather and the Macroeconomy - Christian Matthes"},{"date":{"from":"2021-11-30T12:00:00","to":"2021-11-30T13:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_m0gLJolJTf22m8iv8iDLcg ","description":"Join Professor David Aikman as he introduces this new short executive course on Monetary and Financial Policy Analysis run by the Qatar Centre for Global Banking & Finance. ","heroImage":null,"relatedNews":null,"title":"Qatar Centre for Global Banking & Finance Spring School in Monetary & Financial Policy Analysis: Taster Session","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"k1812479","created":"2021-11-16T15:51:11.8524966Z","versionNo":"3.0","modified":"2021-11-22T18:20:09.2035009Z","modifiedBy":"","published":"2021-11-22T18:20:28.5292732Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"df8cbec7-82e6-489b-b2cc-c38e2fea11f4","projectId":"website","slug":"qatar-centre-for-global-banking-finance-spring-school-monetary-financial-policy-analysis-taster-session","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EJoin Professor David Aikman (Professor of Finance and Director of the Qatar Centre for Global Banking & Finance) as he introduces this new short executive course on Monetary and Financial Policy Analysis run by the Qatar Centre for Global Banking & Finance (QCGBF).\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EThis programme will help you understand the key models used by leading central banks to inform monetary and financial stability policy decisions and will enable you to apply these models to analyse relevant policy issues.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThis course is aimed at professionals working in central banks and financial regulatory agencies looking to acquire new practical tools and insights from the latest research on monetary & financial policy analysis.\u003C\u002Fp\u003E\n\u003Cp\u003EVisit our course webpage: \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fexecutive-education\u002Fopen-course\u002Fqcgbf-spring-school\"\u003EQCGBF Spring School in Monetary & Financial Policy Analysis (in-person)\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThis webinar will cover\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EAn introduction to the programme\u003C\u002Fli\u003E\n\u003Cli\u003ELearning objectives\u003C\u002Fli\u003E\n\u003Cli\u003EWho the programme is for\u003C\u002Fli\u003E\n\u003Cli\u003EProgramme modules and content\u003C\u002Fli\u003E\n\u003Cli\u003EFaculty and guest speakers\u003C\u002Fli\u003E\n\u003Cli\u003EFormat, date and duration\u003C\u002Fli\u003E\n\u003Cli\u003EHow to apply\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003ESpeakers: \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDavid Aikman (Professor of Finance and Director of the Qatar Centre for Global Banking and Finance)\u003C\u002Fp\u003E\n\u003Cp\u003ELucky Singh (Client Relationship Manager, King’s Business School)\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"ManTeachingThreeWomenAtTableExecEd","entryDescription":null,"sys":{"id":"232eea25-11a8-478a-bdcc-880ad562c3a9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fexecutive-education\u002Fmanteachingthreewomenattableexeced.xdf5b0b1e.jpg?w=780&h=520&crop=780,440,0,40"}}},"thumbnail":{"altText":"","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"ManTeachingThreeWomenAtTableExecEd","entryDescription":null,"sys":{"id":"232eea25-11a8-478a-bdcc-880ad562c3a9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fexecutive-education\u002Fmanteachingthreewomenattableexeced.xdf5b0b1e.jpg?w=780&h=520&crop=780,440,0,40"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join Professor David Aikman as he introduces this new short executive course on Monetary and Financial Policy Analysis run by the Qatar Centre for Global Banking & Finance. ","contactEmail1":"luckveer.singh@kcl.ac.uk ","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Executive Education at King's Business School","entryDescription":null,"entryThumbnail":null,"sys":{"id":"abe51ccb-870d-46b1-b8bf-40c713ad32f7","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Qatar Centre for Global Banking & Finance Spring School in Monetary & Financial Policy Analysis: Taster Session"},{"date":{"from":"2021-12-02T12:00:00","to":"2021-12-02T13:30:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fmeeting\u002Fregister\u002FtZcocuGhqjwiH92rjcwLR-sXuvLCl2qHjbbS","description":"This workshop aims to facilitate interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.","heroImage":null,"relatedNews":null,"title":"Climate Energy Governance & Finance workshop","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k2148902","created":"2021-11-18T12:00:59.5778643Z","versionNo":"4.0","modified":"2021-11-24T16:06:59.1619113Z","modifiedBy":"k1812479","published":"2021-11-24T16:07:47.326398Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"26a6a7e8-efbd-49bb-ac95-f8303e8b37f3","projectId":"website","slug":"climate-energy-governance-finance-workshop","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EJoin us for the first Climate Energy Governance & Finance (CEGF) workshop, which aims to facilitate interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EThemes of the workshop will include, but are not limited to:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EImplications of physical and transition risks for financial markets and financial intermediaries\u003C\u002Fli\u003E\n\u003Cli\u003EGovernance regimes of the climate transition\u003C\u002Fli\u003E\n\u003Cli\u003EEnergy market regulation\u003C\u002Fli\u003E\n\u003Cli\u003EESG investing\u003C\u002Fli\u003E\n\u003Cli\u003EInnovations in green finance and their role in the transition to net-zero\u003C\u002Fli\u003E\n\u003Cli\u003EEffectiveness of existing climate regulation\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EJointly organised by the Qatar Centre for Global Banking & Finance and the Climate Law and Governance Centre, the first workshop will take place on Thursday 2 December 2021 and features talks by:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003EMark Manning\u003C\u002Fstrong\u003E, Technical Specialist on Sustainable Finance, Financial Conduct Authority\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EDr Robyn Klingler-Vidra, \u003C\u002Fstrong\u003EReader in Political Economy at King's College London\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EDr Megan Bowman\u003C\u002Fstrong\u003E, Director of the Climate Law and Governance Centre at King's College London and Reader in Law\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EWe invite scholars in Economics, Finance, Law, and related disciplines to present work related to climate economics, regulation, and governance. Speakers will have an opportunity to engage with and receive feedback from an interdisciplinary audience. PhD students are encouraged to attend.\u003C\u002Fp\u003E"},{"type":"subheading","value":"About the Speakers"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EMark Manning\u003C\u002Fstrong\u003E is a Technical Specialist on Sustainable Finance at the \u003Cem\u003EFinancial Conduct Authority (FCA)\u003C\u002Fem\u003E, focusing on sustainable finance and investor stewardship. Mark is leading the FCA’s work on climate-related financial disclosures and also represents the FCA on both the Treasury’s joint taskforce on TCFD implementation and the issuer disclosures workstream of IOSCO’s Sustainable Finance Taskforce. Prior to joining the FCA, Mark spent a long career in central banking at the Bank of England and the Reserve Bank of Australia. \u003C\u002Fp\u003E"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EDr Robyn Klingler-Vidra\u003C\u002Fstrong\u003E is a Senior Lecturer in Political Economy at King's College London. Prior to joining the Department of International Development, she was a Lecturer in the Department of European and International Studies, also at King's. She was concurrently the Head of Policy Research at the Coller Institute of Venture at Tel Aviv University from 2013-2016.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EDr Megan Bowman\u003C\u002Fstrong\u003E is Director of the Centre for Climate Law and Governance at King's College London and Reader (Associate Professor). She also leads the King’s\u002FUnited Nations Environment Program (UNEP) partnership on \u003Cem\u003ELegal Readiness for Climate Finance\u003C\u002Fem\u003E, consults to national governments and prominent NGOs on implementing the Paris Agreement, and is a Visiting Professor at Université de Paris-Dauphine on EU Corporate Law.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"The Dickson Poon School of Law","entryDescription":"law","entryThumbnail":null,"sys":{"id":"4e728aa8-6786-4c2f-8757-de73431dc70a","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King's Climate Research Hub","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c2d1b209-b55b-471f-bcff-0f7b997a5309","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Department of International Development","entryDescription":"did","entryThumbnail":null,"sys":{"id":"7dc20e6d-7989-4157-b423-33a765009a55","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Social Science & Public Policy","entryDescription":"sspp","entryThumbnail":null,"sys":{"id":"affd3ae9-0923-43cd-8d88-f4171acf0043","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate Energy Governance Workshop Invitation (1)","entryDescription":null,"sys":{"id":"1991bcd5-d8f2-4d21-80aa-30c232ee0f64","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-energy-governance-workshop-invitation-1.xffacd2c2.png?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate Energy Governance Workshop Invitation (1)","entryDescription":null,"sys":{"id":"1991bcd5-d8f2-4d21-80aa-30c232ee0f64","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-energy-governance-workshop-invitation-1.xffacd2c2.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Environment","entryDescription":null,"entryThumbnail":null,"sys":{"id":"69680bb5-a874-4b54-a20c-d2bd82ca6aa7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"This workshop aims to facilitate interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.","contactEmail1":"timothy.foreman@kcl.ac.uk","richText":null,"room":"Online","crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"Climate Energy Governance & Finance workshop"},{"date":{"from":"2022-03-07T14:00:00","to":"2022-03-07T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_K1xJp94-QKe468OGV3Nd1Q","description":"The Qatar Centre for Global Banking & Finance welcomes Margherita Giuzio from the European Central Bank (ECB) to present this virtual seminar on 'The Low-Carbon Transition, Climate Commitments and Firm Credit Risk'.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Margherita Giuzio: The Low-Carbon Transition, Climate Commitments and Firm Credit Risk","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2148902","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-01-26T15:10:28.1048636Z","versionNo":"8.0","modified":"2022-02-01T16:25:42.6703778Z","modifiedBy":"k2148902","published":"2022-02-01T16:36:39.4677447Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0f4c3609-3577-4c05-b1d2-60c42dba16d9","projectId":"website","slug":"qcgbf-virtual-seminar-series-margherita-giuzio-the-low-carbon-transition-climate-commitments-and-firm-credit-risk","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003EMargherita Giuzio\u003C\u002Fstrong\u003E from the European Central Bank to present this virtual seminar on \u003Ca title=\"The Low-Carbon Transition, Climate Commitments and Firm Credit Risk\" href=\"https:\u002F\u002Fwww.ecb.europa.eu\u002Fpub\u002Fpdf\u002Fscpwps\u002Fecb.wp2631~00a6e0368c.en.pdf?195cfc6554b68283fae13c769051243c\"\u003E'The Low-Carbon Transition, Climate Commitments and Firm Credit Risk'\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Margherita Giuzio (1)","entryDescription":null,"sys":{"id":"929774f4-28f8-4a6c-a95e-944b13335801","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fmargherita-giuzio-1.xd0006d87.png"}}},"text":"\u003Cp\u003EThis paper explores how the need to transition to a low-carbon economy influences firm credit risk. It develops a novel dataset which augments data on firms’ greenhouse gas emissions over time with information on climate disclosure practices and forward-looking emission reduction targets, thereby providing a rich picture of firms’ climate-related transition risk alongside their strategies to manage such risks. It then assesses how such climate-related metrics influence two key measures of firms’ credit risk: credit ratings and the market-implied distance-to-default. High emissions tend to be associated with higher credit risk. But disclosing emissions and setting a forward-looking target to cut emissions are both associated with lower credit risk, with the effect of climate commitments tending to be stronger for more ambitious targets. After the Paris agreement, firms most exposed to climate transition risk also saw their ratings deteriorate whereas other comparable firms did not, with the effect larger for European than US firms, probably reflecting differential expectations around climate policy. These results have policy implications for corporate disclosures and strategies around climate change and the treatment of the climate-related transition risk faced by the financial sector.\u003C\u002Fp\u003E","align":"Right"}},{"type":"subheading","value":"About the Speaker"},{"type":"text","value":"\u003Cp\u003EMargherita Giuzio is a Senior Financial Stability Expert in the Market-Based Finance division of the European Central Bank. She joined the ECB after completing a PhD in financial econometrics at the European Business School, Universität für Wirtschaft und Recht. Her research interests include non-bank financial intermediation, climate-related risks to financial stability and sustainable finance.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Margherita Giuzio from the European Central Bank (ECB) to present this virtual seminar on 'The Low-Carbon Transition, Climate Commitments and Firm Credit Risk'.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Margherita Giuzio: The Low-Carbon Transition, Climate Commitments and Firm Credit Risk"},{"date":{"from":"2022-02-21T14:00:00","to":"2022-02-21T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_r_nKxHAaQhu0CHf8xG0R4A","description":"The Qatar Centre for Global Banking & Finance welcomes Haroon Mumtaz from Queen Mary University of London and Piergiorgio Alessandri from the Bank of Italy to present this virtual seminar on 'The Macroeconomic Cost of Climate Volatility'.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: The Macroeconomic Cost of Climate Volatility (Haroon Mumtaz & Piergiorgio Alessandri)","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2148902","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-01-21T15:20:40.3803505Z","versionNo":"9.0","modified":"2022-02-01T16:16:36.0521394Z","modifiedBy":"k2148902","published":"2022-02-01T16:17:24.418904Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"a5f32dff-01fa-430c-9782-b581a7e64619","projectId":"website","slug":"qcgbf-virtual-seminar-series-the-macroeconomic-cost-of-climate-volatility-haroon-mumtaz-piergiorgio-alessandri","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EThe Qatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003EHaroon Mumtaz\u003C\u002Fstrong\u003E from Queen Mary University of London and \u003Cstrong\u003EPiergiorgio Alessandri\u003C\u002Fstrong\u003E from the Bank of Italy to present this virtual seminar on '\u003Ca href=\"https:\u002F\u002Fwww.qmul.ac.uk\u002Fsef\u002Fmedia\u002Fecon\u002Fresearch\u002Fworkingpapers\u002F2021\u002Fwp928.pdf\" target=\"_blank\" rel=\"noopener\"\u003EThe Macroeconomic Cost of Climate Volatility\u003C\u002Fa\u003E'.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EWe study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate conditions less predictable across countries, with important implications for growth. Controlling for concomitant changes in temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent increase in the volatility of GDP. Unlike changes in average temperatures, changes in temperature volatility affect both rich and poor countries\u003C\u002Fp\u003E"},{"type":"subheading","value":"About the Speakers"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EHaroon Mumtaz\u003C\u002Fstrong\u003E is a Professor of Economics at Queen Mary University of London. His research interests are in applied Bayesian econometrics, monetary policy and International Macroeconomics. Previously Haroon was an economist at the Centre of Central Banking Studies in the Bank of England.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPiergiorgio Alessandri\u003C\u002Fstrong\u003E is an Advisor in the International Economics Directorate of the Bank of Italy. His research focuses on macro-financial linkages, the interactions between financial sector and real economy and the role of uncertainty in the business cycle. Piergiorgio holds a PhD in Economics from Birkbeck College, University of London, and is an external associate of the Birkbeck Centre for Applied Macroeconomics (BCAM). Prior to joining the Bank of Italy, he worked at the Bank of England (2006-2011) and held short-term positions at the European Central Bank, Norges Bank, International Monetary Fund.\u003C\u002Fp\u003E"},{"type":"image","value":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Haroon Mumtaz Piergiorgio Alessandri QCGBF Virtual Seminar Series","entryDescription":null,"sys":{"id":"c1fccd69-a6bb-417e-beb0-d3b0c8ee94ab","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fharoon-mumtaz-piergiorgio-alessandri-qcgbf-virtual-seminar-series.xd920d63f.png"}}}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Haroon Mumtaz from Queen Mary University of London and Piergiorgio Alessandri from the Bank of Italy to present this virtual seminar on 'The Macroeconomic Cost of Climate Volatility'.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: The Macroeconomic Cost of Climate Volatility (Haroon Mumtaz & Piergiorgio Alessandri)"},{"date":{"from":"2022-02-07T14:00:00","to":"2022-02-07T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_0HaMYlw8SDS66hofRmAA5g","description":"Dimitri Vayanos from the London School of Economics joins us to present 'A Preferred-Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers' as part of the QCGBF Virtual Seminar Series.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Dimitri Vayanos: A Preferred-Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2148902","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-01-21T15:10:08.5490575Z","versionNo":"10.0","modified":"2022-02-01T16:02:52.2265249Z","modifiedBy":"k2148902","published":"2022-02-01T16:03:29.6272557Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2cb8410f-57cf-4678-954a-d5f8ced99d07","projectId":"website","slug":"qcgbf-virtual-seminar-series-dimitri-vayanos-a-preferred-habitat-model-of-term-premia-exchange-rates-and-monetary-policy-spillovers","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EThe Qatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003EDimitri Vayanos\u003C\u002Fstrong\u003E from the London School of Economics to present this virtual seminar on \u003Ca href=\"https:\u002F\u002Fwww.fmg.ac.uk\u002Fsites\u002Fdefault\u002Ffiles\u002F2021-05\u002FExchangeRates1h_LSEBIS.pdf\" target=\"_blank\" rel=\"noopener\"\u003E'A Preferred-Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers'\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EWe propose an integrated preferred-habitat model of bond and currency markets across two countries. Prices are determined by arbitrageurs trading with investors with preferences for specific assets. Risk premia vary over time in response to shocks to short rates and to bond and currency demand. This variation generates empirically documented violations of Expectations Hypothesis and Uncovered Interest Parity. Large-scale asset purchases in one country cause that country’s currency to depreciate, bond yields in that country to drop, and yields in the other country to drop by a smaller amount. A short-rate cut in one country has the same qualitative effects, although our estimated model reveals that the spillovers to the other country’s term structure are significantly smaller.\u003C\u002Fp\u003E"},{"type":"subheading","value":"About the Speaker"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Dimitri Vayanos, LSE QCGBF Virtual Seminar Series (300 × 400 px)","entryDescription":null,"sys":{"id":"fa927a70-0d84-4701-9a9e-494d1d6443bb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fdimitri-vayanos-lse-qcgbf-virtual-seminar-series-300-×-400-px.xb770bf0b.png"}}},"text":"\u003Cp\u003E\u003Cstrong\u003EDimitri Vayanos\u003C\u002Fstrong\u003E is \u003Cstrong\u003EProfessor of Finance\u003C\u002Fstrong\u003E at the \u003Cstrong\u003ELondon School of Economics\u003C\u002Fstrong\u003E, where he also directs the Financial Markets Group and the Paul Woolley Centre for the Study of Capital Market Dysfunctionality. He is a Fellow of the British Academy, a former Director and Managing Editor of the Review of Economic Studies, a Research Fellow at CEPR and a former Director of its Financial Economics program, a Research Associate at NBER, and a former Director of the American Finance Association.\u003C\u002Fp\u003E\n\u003Cp\u003EHis research, published in leading economics and finance journals, such as Econometrica, the Journal of Finance, the Journal of Financial Economics, the Quarterly Journal of Economics, the Review of Economic Studies, and the Review of Financial Studies, focuses on financial markets, and especially on what drives market liquidity, why asset prices can differ from assets’ fundamental values, why bubbles and crises can occur, and what are appropriate regulatory and policy responses.\u003C\u002Fp\u003E\n\u003Cp\u003EHe is a co-editor of the book “Beyond Austerity: Reforming the Greek Economy”, a member of the Pissarides Committee, tasked by Greece’s PM to develop a growth plan for Greece, and a co-author of the European Safe Bonds (ESBies) proposal.\u003C\u002Fp\u003E","align":"Right"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Dimitri Vayanos from the London School of Economics joins us to present 'A Preferred-Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers' as part of the QCGBF Virtual Seminar Series.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Dimitri Vayanos: A Preferred-Habitat Model of Term Premia, Exchange Rates and Monetary Policy Spillovers"},{"date":{"from":"2022-04-04T14:00:00","to":"2022-04-04T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_9Y9JDTEATRmYsEt_AYYaFw","description":"The Qatar Centre for Global Banking & Finance welcomes Andreas Schrimpf (Bank for International Settlements) to present this virtual seminar.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Andreas Schrimpf: Constrained Dealers and Market Efficiency","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-02-01T16:59:27.1256431Z","versionNo":"4.0","modified":"2022-03-16T12:06:22.459091Z","modifiedBy":"","published":"2022-03-16T12:06:40.3276042Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"5f02a19f-c042-40d8-8fa3-e7bb8bba831d","projectId":"website","slug":"qcgbf-virtual-seminar-series-andreas-schrimpf","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003EAndreas Schrimpf\u003C\u002Fstrong\u003E (Bank for International Settlements) to present this virtual seminar on 'Constrained Dealers and Market Efficiency'.\u003C\u002Fp\u003E\n\u003Ch2\u003EPaper Abstract\u003C\u002Fh2\u003E\n\u003Cp\u003EWe analyse how constraints on dealers’ risk-bearing capacity affect market efficiency in the foreign exchange (FX) market. Dealers support market efficiency by accommodating their customers’ trading demands through elastic liquidity provision in normal times but when they face constraints their elasticity of liquidity provision weakens. Episodes of tight dealer constraints – for instance, due to high leverage, Value-at-Risk, and funding costs – in turn go hand in hand with price inefficiencies due to law of one price deviations and elevated trading costs. We rationalise our novel empirical findings with a tractable model that sheds light on the key mechanisms of how market efficiency can deteriorate when dealers are more constrained.\u003C\u002Fp\u003E"},{"type":"nestedImage","value":{"image":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Andreas Schrimpf-bio-photo-QCGBF-small","entryDescription":null,"sys":{"id":"51a678fe-1d32-4b73-96a2-a00fe8c859cc","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fandreas-schrimpf-bio-photo-qcgbf-small.x7b122de9.png"}}},"text":"\u003Ch2\u003EAbout the Speaker\u003C\u002Fh2\u003E\n\u003Cp\u003E\u003Cstrong\u003EAndreas Schrimpf\u003C\u002Fstrong\u003E is the head of the financial markets unit in the Monetary and Economic Department of the \u003Cstrong\u003EBank for International Settlements\u003C\u002Fstrong\u003E. He joined the BIS in early 2011. Prior to his current position, he served for several years as Secretary to the BIS Markets Committee (May 2016-September 2020). In this context, he coordinated international work in the central bank community on, inter alia, the impact of large central bank balance sheets on market functioning, the FX Triennial Survey and the monitoring of fast-paced electronic markets. Previously, he was a post-doctoral researcher at Aarhus University (2009-11) and a researcher at the Centre for European Economic Research (ZEW) in Mannheim (2005-09). He obtained his doctorate from the University of Tübingen in 2009. \u003C\u002Fp\u003E\n\u003Cp\u003EHis research in recent years has focused on the role of intermediaries in financial markets, financial drivers of exchange rates and the intersection of monetary policy and financial markets. Andreas' work is published in leading academic journals, including the Journal of Finance, Review of Financial Studies, Journal of Financial Economics and American Economic Journal: Macroeconomics. Andreas is also a CEPR Research Affiliate.\u003C\u002Fp\u003E","align":"Left"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Andreas Schrimpf (Bank for International Settlements) to present this virtual seminar.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Andreas Schrimpf: Constrained Dealers and Market Efficiency"},{"date":{"from":"2022-03-23T15:00:00","to":"2022-03-23T16:30:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_DEs8Dn4jRx6KvvJXTgiIvw","description":"A panel discussion on green sovereign bonds hosted by the Qatar Centre for Global Banking & Finance and Climate Law & Governance at King's.","heroImage":null,"relatedNews":null,"title":"Green sovereign bonds: What role can they play in the transition to net zero?","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"","archived":null,"deleted":null,"createdBy":"","created":"2022-02-22T13:10:40.0210734Z","versionNo":"6.0","modified":"2022-03-21T15:09:22.2618738Z","modifiedBy":"","published":"2022-03-21T15:09:41.0710379Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"e950c661-ab44-43fd-89c1-d81c0f98750d","projectId":"website","slug":"green-sovereign-bonds-what-role-can-they-play-in-the-transition-to-net-zero","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003ELast autumn, the UK government launched the first-ever 'Green Gilt'. The government raised £15bn via this innovative bond issuance, with the proceeds supporting a range of green projects across the UK.\u003C\u002Fp\u003E\n\u003Cp\u003EHosted by the Qatar Centre for Global Banking & Finance and the Climate Law & Governance at King's College London, this webinar will bring together experts on climate finance. They will discuss the design of these instruments, their role in supporting the transition to net-zero, and how the market needs to evolve in future to fulfil these goals.\u003C\u002Fp\u003E\n\u003Ch4\u003ESpeakers:\u003C\u002Fh4\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003EProf David Aikman\u003C\u002Fstrong\u003E, Qatar Centre for Global Banking and Finance\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EMatteo Bigoni,\u003C\u002Fstrong\u003E Climate Executive, CDC Group\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EDr Megan Bowman\u003C\u002Fstrong\u003E, King's College London\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EProf Sarah Bracking,\u003C\u002Fstrong\u003E King's College London\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EMario Pisani,\u003C\u002Fstrong\u003E Deputy Director, HM Treasury\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EPhil Smith, \u003C\u002Fstrong\u003EDirector, LDI Investment Strategies, BlackRock\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"subheading","value":"About the Speakers"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EDavid Aikman\u003C\u002Fstrong\u003E joined King’s Business School in April 2020 as Professor of Finance and Director of the Qatar Centre for Global Banking and Finance. Previously, he spent 17 years working as an economist at the Bank of England – most recently in the role of Technical Head of Division in the Financial Stability Strategy and Risk Directorate where he led the Bank’s work on various macroprudential issues.\u003C\u002Fp\u003E\n\u003Cp\u003EBetween 2013 and 2015, David was seconded to the Board of Governors of the Federal Reserve System in Washington DC, where he worked as an advisor in the Division of Financial Stability. In 2008, David was a Visiting Scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. David has represented the Bank in various international fora, including meetings of the Financial Stability Board, the Basel Committee, and the European Systemic Risk Board.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMatteo Bigoni \u003C\u002Fstrong\u003Eis Climate Executive with the Climate Change Team at the CDC Group – the UK development finance institution. He focuses on Adaptation and Resilience and has extensive experience with Capital Markets in both Africa and Asia. Prior to joining CDC, he was Senior Climate Finance Specialist at FSD Africa, a developing agency focusing on strengthening green capital markets in Africa, where he focused on green bond development and green portfolio reviews. He also worked at the Climate Bonds Initiative as Heads of the Certification.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Megan Bowman\u003C\u002Fstrong\u003E is a Reader (Associate Professor) in Law and Director of the Centre for Climate Law and Governance at King’s College London. She also leads the King’s\u002FUnited Nations Environment Program (UNEP) partnership on \u003Cem\u003ELegal Readiness for Climate Finance\u003C\u002Fem\u003E, consults to national governments and prominent NGOs on implementing the Paris Agreement, and is a Visiting Professor at Université de Paris-Dauphine on EU Corporate Law.\u003C\u002Fp\u003E\n\u003Cp\u003EDr Bowman is a qualified barrister and solicitor of the High Court of Australia and Supreme Court of Victoria with a double degree in Arts\u002FLaw (Hons) Monash University), an LLM in International Law (McGill) and a PhD in regulatory theory (Australian National University).\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESarah Bracking\u003C\u002Fstrong\u003E is a Professor of Climate and Society at King's College London. She is a political economist who researches a range of issues in international development and financial geography. Sarah is currently researching climate and development finance, climate insurance and the coproduction of finance and power in market structures. \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EMario Pisani\u003C\u002Fstrong\u003E is a senior civil servant at HM Treasury, the UK’s finance and economics ministry. Between 2016 and 2021 he was Deputy Director for the Debt and Reserves Management Team, in which role he led the development and delivery of the UK Government’s Green Financing Framework.\u003C\u002Fp\u003E\n\u003Cp\u003ESince joining Treasury in 2005 he has worked in a range of roles in international finance, economic policy, forecasting and communications. Between 2008 and 2011 he was Private Secretary to the Chancellor of the Exchequer. Mario holds degrees in economics and is a qualified accountant. He is a Visiting Professor at King’s College London.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EPhil Smith\u003C\u002Fstrong\u003E is Head of Research, Innovation and Sustainability in the EMEA Liability Driven Investment (LDI) business at BlackRock. Phil is responsible for researching and developing innovative and sustainable investment approaches and capabilities for liability-driven investors. Phil also drives LDI thought leadership and engagement with key pensions stakeholders and industry bodies.\u003C\u002Fp\u003E\n\u003Cp\u003EPhil has held several roles at BlackRock since joining the firm in 2008. Most recently he was a LDI Client Portfolio Manager, working with some of BlackRock's largest and most complex LDI clients. Prior to that, Phil worked within the Portfolio Analytics Group at BlackRock, where he maintained and developed risk reporting and analytics for fixed income and cash portfolios. Phil earned a BSc degree, with first class honours, in physics from Imperial College London in 2007. Phil is a CFA charter holder.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Megan Bowman","entryDescription":"Director of Centre for Climate Law & Governance","entryThumbnail":null,"sys":{"id":"46f78750-ae4b-4e78-93ab-7144aa787738","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Sarah Bracking","entryDescription":"Professor of Climate and Society","entryThumbnail":null,"sys":{"id":"4d4f2e66-1516-4534-84a4-7e376688d1eb","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Society","entryDescription":null,"entryThumbnail":null,"sys":{"id":"3376166e-dba4-4824-9278-b4b710cddf81","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Climate Law & Governance","entryDescription":"climate-law","entryThumbnail":null,"sys":{"id":"710651ba-64af-458c-bcf5-57095ee03d82","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"The Dickson Poon School of Law","entryDescription":"law","entryThumbnail":null,"sys":{"id":"4e728aa8-6786-4c2f-8757-de73431dc70a","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Green Sovereign Bonds Event Image QCGBF (2)","entryDescription":null,"sys":{"id":"63bce355-3793-4190-9e8f-e35df61ae50f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fgreen-sovereign-bonds-event-image-qcgbf-2.xe41eedd2.png?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Green Sovereign Bonds Event Image QCGBF (2)","entryDescription":null,"sys":{"id":"63bce355-3793-4190-9e8f-e35df61ae50f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fgreen-sovereign-bonds-event-image-qcgbf-2.xe41eedd2.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":"2022-02-22T00:00:00","topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"A panel discussion on green sovereign bonds hosted by the Qatar Centre for Global Banking & Finance and Climate Law & Governance at King's.","contactEmail1":null,"richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"Green sovereign bonds: What role can they play in the transition to net zero?"},{"date":{"from":"2022-03-17T14:30:00","to":"2022-03-17T16:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fus02web.zoom.us%2Fmeeting%2Fregister%2FtZYvduivqT4tH9yey6aDYbU8FX1AGIRlFIX7&data=04%7C01%7Cruth.nade%40kcl.ac.uk%7C9c811e97e69f4957378808d9efcffa16%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C637804498796915889%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=5sVZeiv967xdyJEELchYqaDGkTSqZ7gLGcyv3ofFDeI%3D&reserved=0","description":"Join us for another Climate Energy Governance & Finance (CEGF) workshop, aimed at facilitating interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.","heroImage":null,"relatedNews":null,"title":"Climate Energy Governance and Finance Workshop","type":[{"entryTitle":"Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"689a91ba-44f2-41ae-bc4d-f0058224278c","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2143220","archived":null,"deleted":null,"createdBy":"","created":"2022-02-14T12:45:59.5213073Z","versionNo":"5.0","modified":"2022-02-15T12:30:19.6858445Z","modifiedBy":"k2143220","published":"2022-02-15T12:33:43.5332273Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"1e4fc9e6-c03a-46b4-bb56-ac4ec3ddab4c","projectId":"website","slug":"climate-energy-governance-and-finance-workshop","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EJoin us for another Climate Energy Governance & Finance (CEGF) workshop, aimed at facilitating interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EThemes of the workshop will include, but are not limited to:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EImplications of physical and transition risks for financial markets and financial intermediaries\u003C\u002Fli\u003E\n\u003Cli\u003EGovernance regimes of the climate transition\u003C\u002Fli\u003E\n\u003Cli\u003EEnergy market regulation\u003C\u002Fli\u003E\n\u003Cli\u003EESG investing\u003C\u002Fli\u003E\n\u003Cli\u003EInnovations in green finance and their role in the transition to net-zero\u003C\u002Fli\u003E\n\u003Cli\u003EEffectiveness of existing climate regulation\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EJointly organised by the Qatar Centre for Global Banking & Finance and the Climate Law and Governance Centre, the workshop will take place on Thursday 17 March 2022 and features talks by:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Cstrong\u003EDr Sujit Kapadia\u003C\u002Fstrong\u003E, European Central Bank\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Cstrong\u003EProf Ann Mumford\u003C\u002Fstrong\u003E, King's College London\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EWe invite scholars in Economics, Finance, Law, and related disciplines to present work related to climate economics, regulation, and governance. Speakers will have an opportunity to engage with and receive feedback from an interdisciplinary audience. PhD students are encouraged to attend.\u003C\u002Fp\u003E\n\u003Ch3\u003EAbout the Speakers\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr Sujit Kapadia\u003C\u002Fstrong\u003E is Head of the Market-Based Finance Division in the Directorate General Macroprudential Policy and Financial Stability of the European Central Bank. He will speak on the topic of how to empower financial markets and financial institutions to enable an orderly transition in the face of climate risk.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EProf Ann Mumford\u003C\u002Fstrong\u003E is Professor of Taxation Law at the Dickson Poon School of Law, King's College London. Her work spans a variety of subjects within tax law, with a particular focus on how tax law can advance sustainability objectives. She will speak on the topic of climate taxes and their implementation.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Ann Mumford","entryDescription":"Professor of Taxation Law","entryThumbnail":null,"sys":{"id":"6b5a99b5-6140-4005-afe3-6afebaf21a72","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5bf65729-7a69-4223-a166-8c5ea2975b99","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Centre for Climate Law & Governance","entryDescription":"climate-law","entryThumbnail":null,"sys":{"id":"710651ba-64af-458c-bcf5-57095ee03d82","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate Energy Governance Workshop QCGBF MARCH2022","entryDescription":null,"sys":{"id":"64e67ac3-f08c-45da-8fc1-e6d0875743d1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-energy-governance-workshop-qcgbf-march2022.xe7e593c9.png?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate Energy Governance Workshop QCGBF MARCH2022","entryDescription":null,"sys":{"id":"64e67ac3-f08c-45da-8fc1-e6d0875743d1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-energy-governance-workshop-qcgbf-march2022.xe7e593c9.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Law","entryDescription":null,"entryThumbnail":null,"sys":{"id":"51a4e79e-562a-4fe0-8eb5-a84ebc92f8c7","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for another Climate Energy Governance & Finance (CEGF) workshop, aimed at facilitating interdisciplinary discussions and collaborations on issues at the intersection of financial and regulatory reactions to climate risks and energy transitions.","contactEmail1":"timothy.foreman@kcl.ac.uk","richText":null,"room":"Online (Zoom)","crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"Climate Energy Governance and Finance Workshop"},{"date":{"from":"2022-03-21T14:00:00","to":"2022-03-21T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_6jDMOXqjSUK-RVB3xggmkw","description":"The Qatar Centre for Global Banking & Finance welcomes Chiara Scotti from the Federal Reserve Board (FRB) to present this virtual seminar on ‘Interconnectedness in the Corporate Bond Market'.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Chiara Scotti: Interconnectedness in the Corporate Bond Market","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2148902","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-03-11T16:19:18.9233764Z","versionNo":"5.0","modified":"2022-03-11T16:28:29.8008581Z","modifiedBy":"k2148902","published":"2022-03-11T16:28:43.2875774Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6629483e-3e82-40fe-b73f-8b41d056703f","projectId":"website","slug":"qcgbf-virtual-seminar-series-chiara-scotti-interconnectedness-in-the-corporate-bond-market","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003EChiara Scotti\u003C\u002Fstrong\u003E from the \u003Cstrong\u003EFederal Reserve Board (FRB)\u003C\u002Fstrong\u003E to present this virtual seminar on ‘Interconnectedness in the Corporate Bond Market'.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EIn this paper, we develop an alternative and complementary network structure, the investor similarity network, which mirrors the traditional notion of the portfolio similarity network. Leveraging on the richness of the eMAXX database, and matching its quarterly holding from to the security-level data on corporate bond trading volume, liquidity, and volatility derived from TRACE, we analyze the role of interconnectedness in the corporate bond market. We find that, on average, corporate bonds that are held across fewer (several) portfolios are those that require a higher (lower) compensation for risk and that are less (more) liquid. This relationship is stronger when a financial asset is under stress, i.e. when the spread and illiquidity of an asset are in the upper tail of their conditional distributions, suggesting that higher interconnectedness is beneficial in situations of market stress.\u003C\u002Fp\u003E"},{"type":"subheading","value":"About the Speaker"},{"type":"nestedImage","value":{"image":{"altText":"chiara-scotti-bio-photo","transformations":null,"caption":"","asset":{"entryTitle":"chiara-scotti-bio-photo","entryDescription":null,"sys":{"id":"dcc539d2-c96e-4c32-a9e2-b1262156217a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fchiara-scotti-bio-photo.x82387441.png"}}},"text":"\u003Cp\u003EChiara Scotti joined the Board of Governors of the Federal Reserve System in 2005 and is currently a deputy associate director in the Financial Stability Division at the Board. From 2020 to 2022 she served as Special Advisers to Vice Chair Clarida. She spent the 2017 fall semester at Bocconi University as visiting professor.\u003C\u002Fp\u003E\n\u003Cp\u003EHer expertise spans deliberation and evaluation of conventional and unconventional monetary policy; assessment of financial stability risks, with particular emphasis on asset managers, interconnectedness of the financial system, and digital assets; monitoring of domestic and international financial markets; and LIBOR transition.\u003C\u002Fp\u003E\n\u003Cp\u003EHer research explores a variety of topics in applied macroeconomics and finance, including real-time data and measurement of business conditions, macroeconomic surprises, and uncertainty as well as unconventional monetary policy and financial stability. Her real-time index of US business conditions—the \u003Ca href=\"https:\u002F\u002Fwww.philadelphiafed.org\u002Fsurveys-and-data\u002Freal-time-data-research\u002Fads\"\u003EAruoba-Diebold-Scotti (ADS) index\u003C\u002Fa\u003E—and surprise and uncertainty indexes are widely used in academic papers and industry analyses. She has published in a variety of refereed journals such as the \u003Cem\u003EJournal of Monetary Economics,\u003C\u002Fem\u003E \u003Cem\u003EJournal of Business and Economic Statistics, Journal of Econometrics, \u003C\u002Fem\u003Eand \u003Cem\u003EJournal of Money, Credit and Banking.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDr. Scotti holds a B.A. in economics (summa cum laude) from Bocconi University and M.A. and Ph.D. degrees in economics from the University of Pennsylvania. Before obtaining her Ph.D., she worked as an analyst for Credit Suisse in London and as a Ph.D. intern for the European Central Bank in Frankfurt.\u003C\u002Fp\u003E","align":"Right"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Chiara Scotti from the Federal Reserve Board (FRB) to present this virtual seminar on ‘Interconnectedness in the Corporate Bond Market'.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Chiara Scotti: Interconnectedness in the Corporate Bond Market"},{"date":{"from":"2022-11-07T14:00:00","to":"2022-11-07T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_uXxzCf3lTUqRxd7hKWyu0g","description":"The Qatar Centre for Global Banking & Finance welcomes Kartik Anand from Deutsche Bundesbank to present this virtual seminar. ","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Kartik Anand: Cybersecurity and Financial Stability","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2148902","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-07-25T14:06:01.4773427Z","versionNo":"3.0","modified":"2022-11-03T09:42:19.8901755Z","modifiedBy":"k2148902","published":"2022-11-03T09:42:39.3540809Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"6bd030fb-4e33-4d86-b6d6-0c0ff8426022","projectId":"website","slug":"qcgbf-virtual-seminar-series-kartik-anand","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003E\u003Ca title=\"Kartik Anand - Deutsche Bundesbank Profile\" href=\"https:\u002F\u002Fwww.bundesbank.de\u002Fen\u002Fkartik-anand\"\u003EKartik Anand\u003C\u002Fa\u003E \u003C\u002Fstrong\u003Efrom Deutsche Bundesbank to present this virtual seminar. \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003ECyber attacks can impair banks' operations and precipitate bank runs. When digital infrastructure is shared, banks defend themselves by investing in cybersecurity but can free-ride on the security measures of others. Ex ante free-riding by banks interacts with the ex post coordination frictions underpinning bank runs. While the temptation to free-ride induces under-investment in cybersecurity, the prospect of a run encourages greater investment. System-wide cybersecurity is suboptimal and sensitive to rollover risk. Regulatory measures, including negligence rules and cyber hygiene notices, facilitate constrained efficient cybersecurity investment.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"qcgbf-virtual-seminar-series","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Kartik Anand from Deutsche Bundesbank to present this virtual seminar. ","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Kartik Anand: Cybersecurity and Financial Stability"},{"date":{"from":"2022-11-24T09:30:00","to":"2022-11-24T17:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.co.uk\u002Fe\u002Fbank-of-england-watchers-conference-tickets-425171347947","description":"Please join us for The Watchers' Conference, in partnership with the Bank of England and the Money Macro and Finance Society.","heroImage":null,"relatedNews":null,"title":"Bank of England Watchers' Conference 2022","type":[],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2365585","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-09-01T10:56:09.6273012Z","versionNo":"29.0","modified":"2024-08-23T12:26:58.0066454Z","modifiedBy":"k2365585","published":"2024-08-23T12:27:02.6282Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"58d02072-ba61-438e-b158-c746d7996117","projectId":"website","slug":"bank-of-england-watchers-conference","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.youtube.com\u002Flive\u002F9tq0TCBRvQ4\"\u003EWatch the 2022 conference via our Youtube channel now.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThis annual conference brings together policymakers, market economists and leading academics to discuss current issues in monetary and financial stability policy with a deliberate focus on the UK.\u003C\u002Fp\u003E\n\u003Cp\u003EThe purpose of the conference, which was inspired by the well-known European Central Bank Watchers’ Conference and the US Monetary Policy Forum, was to bring together leading academics, policymakers, and financial market practitioners to discuss and debate salient policy issues facing the Bank of England at this juncture.\u003C\u002Fp\u003E\n\u003Cp\u003EThe event is being jointly organised by the Money Macro Finance Society and King's Business School at King’s College London. \u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"carousel","value":[{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Watchers 2022 carousel","entryDescription":null,"sys":{"id":"fd9130bd-22b4-4cad-8bdc-7b598a90eab5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2022-carousel.x71e7ccec.jpg"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Watchers 2022 carousel4","entryDescription":null,"sys":{"id":"5bba0025-b29c-4330-b1af-9a502a78f6e7","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2022-carousel4.x05c1e0dc.jpg"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Watchers 2022 carousel2","entryDescription":null,"sys":{"id":"998a71cd-09cc-4f5b-b53f-a7b17685ef5a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2022-carousel2.x04f33ce1.jpg"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Watchers 2022 carousel5","entryDescription":null,"sys":{"id":"00fec86e-7118-4855-91ab-0cb79112171a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2022-carousel5.x26c164dc.jpg"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Watchers 2022 carousel6","entryDescription":null,"sys":{"id":"25a58f7e-2fd9-4006-aaa9-d10199a8b26a","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2022-carousel6.x011996b8.jpg"}}},{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Watchers 2022 carousel3","entryDescription":null,"sys":{"id":"fe79222f-6e39-4154-a9c4-182799a6d0d9","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2022-carousel3.xf761b9a2.jpg"}}}]},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EProgramme\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E09:00 – 09:45 Registrations\u002FRefreshments\u003C\u002Fp\u003E\n\u003Cp\u003E09:45 – 10:30 \u003Cstrong\u003EKeynote speech by Dave Ramsden (Deputy Governor, Bank of England)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E10:30 – 12:00 \u003Cstrong\u003EPanel 1: Asset Purchases\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EWhat have we learned about the impact of Quantitative Easing on markets? What is the appropriate sequencing of QT and rate hikes in the tightening cycle? Is there a practical or theoretical upper bound on asset purchases? How should the motivation for purchases (price vs. financial stability) influence policy choices? What’s the appropriate size of the central bank balance sheet?\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: Huw Pill (Bank of England), Lucrezia Reichlin (London Business School), Gertjan Vlieghe (Element Capital) \u003Cbr \u002F\u003EChair: Claire Jones (Financial Times)\u003C\u002Fp\u003E\n\u003Cp\u003E12:00 – 13:00 Lunch\u003C\u002Fp\u003E\n\u003Cp\u003E13:00 – 13:45 \u003Cstrong\u003EKeynote speech by Isabel Schnabel (Member of the Executive Board, ECB)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E13:45 – 15:15 \u003Cstrong\u003EPanel 2: Inflation\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EWhat has caused the rise in inflation? What have we learned about forecasting inflation? Will inflation expectations drift higher in these circumstances and what that would imply about the inflation outlook? How can we assess that risk of de-anchoring in real time and the appropriate monetary policy response? Can central banks credibly deliver this response if it implies a steep rise in unemployment?\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: Charles Goodhart (London School of Economics), Catherine L. Mann (Bank of England) Ben Nelson (Balyasny Asset Management) \u003Cbr \u002F\u003EChair: Soumaya Keynes (The Economist)\u003C\u002Fp\u003E\n\u003Cp\u003E15:15 – 15:30 Coffee\u003C\u002Fp\u003E\n\u003Cp\u003E15:30 – 17:00 \u003Cstrong\u003EPanel 3: Independence and Accountability\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIs there merit in moving away from an inflation target? Is there enough clarity on the FPC remit? Are capital markets sensitive to changes in institutional arrangements? Has the Bank become over-burdened? What should be done to make policymakers more accountable?\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: Ed Balls (Harvard and King’s College London), Vicky Pryce (CEBR), Lord Andrew Tyrie (House of Lords), Sushil Wadhwani (PGIM Wadhwani) \u003Cbr \u002F\u003EChair: Chris Giles (Financial Times)\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EAbout the chairs\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EChris Giles,\u003C\u002Fstrong\u003E Economics Editor, Financial Times. Based in London he has a particular focus on trends in the world economy and in the UK. Previously at the Financial Times, he was the economics editorial writer.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EClaire Jones,\u003C\u002Fstrong\u003E International Economy News Editor within the global economy team, Financial Times. She joined the FT in 2011 to cover economics and markets in the UK and the eurozone.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESoumaya Keynes,\u003C\u002Fstrong\u003E Britain Economics Editor, The Economist. She also co-hosts the podcast Money Talks, The Economist's weekly podcast about economics, business and finance. Prior to her current posting, she held the positions of Trade & Globalisation Editor and US Economics Editor based in Washington DC. Prior to joining The Economist, she worked at the Institute for Fiscal Studies, doing policy-relevant economic research on the British state pension system and public finances.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EAbout the panellists\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EHuw Pill,\u003C\u002Fstrong\u003E Chief Economist and Executive Director for Monetary Analysis at the Bank of England. At the Bank of England, he is responsible for analysis which informs their monetary policy decisions, more information can be found at the Bank of England.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ELucrezia Reichlin, \u003C\u002Fstrong\u003EProfessor of Economics at the London Business School. She is a macroeconomist and econometrician and has pioneered methods for the economic analysis of large dimensional data and now-casting. Previously, she was director general of research at the European Central Bank from 2005 to 2008. She is also a Fellow of the British Academy and of the Econometric Society and is an honorary international fellow of the American Economic Association.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EGertjan Vlieghe\u003C\u002Fstrong\u003E, Chief Economist at Element Capital. His primary responsibilities include: providing oversight, direction and support for Element Capital’s global economic research efforts. Prior to joining Element, Dr. Vlieghe spent 6 years at the Bank of England as a member of the Monetary Policy Committee. Previously, he worked as a senior economist and partner at Brevan Howard and before that was a bond strategist at Deutsche Bank.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECharles Goodhart\u003C\u002Fstrong\u003E, Emeritus Professor of Banking & Finance at the Financial Markets Group within London School of Economics. Previously, he was the Norman Sosnow Professor of Banking and Finance and there until 2002, more information can be found at the Financial Markets Group, LSE.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECatherine L. Mann\u003C\u002Fstrong\u003E, member of the Monetary Policy Committee at the Bank of England. Having recently been appointed on 1 September 2021, she is also a member of the Council on Foreign Relations and the American Economic Association and previously worked Citibank, where she was the Global Chief Economist from February 2018 to May 2021, more information can be found at the Bank of England.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBen Nelson,\u003C\u002Fstrong\u003E Director of Macro Research at Balyasny Europe Asset Management LLP. He joined Balyasny in October 2022 from Rokos Capital Management where he was a Senior Economist, with a particular focus on the UK. Prior to that, Ben was a Senior Economist at the Bank of England, where he was Economic Assistant to the Governor. Ben holds a DPhil in Economics from the University of Oxford.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EEd Balls,\u003C\u002Fstrong\u003E former Shadow Chancellor now Professor of Political Economy, Social Sciences and Public Policy at King's College London and previously a teaching fellow at Harvard University, more information can be found at the Strand Group.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EVicky Pryce, \u003C\u002Fstrong\u003EEconomist & Business Consultant. Has held recent directorships ranging from Managing Director at FTI Consulting to Director General for Economics at the Department for Business, Innovation and Skills. She is also the published author of six books, more information can be found on her website.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ELord Andrew Tyrie,\u003C\u002Fstrong\u003E former chair of the Competition and Markets Authority from June 2018 to September 2020. You can view his parliamentary experience and history at the House of Lords.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESushil Wadhwani, \u003C\u002Fstrong\u003EChief Investment Officer for PGIM Wadhwani - which was originally founded as Wadhwani Asset Management in October 2002. Prior to joining PGIM, Sushil served as the Founder and Chief Executive Officer of Wadhwani Asset Management. Previously, Sushil was a Member of the Monetary Policy Committee at the Bank of England. He also served as the Director of Quantitative Systems at Tudor Investment Corporation, Director of Equity Strategy at Goldman Sachs, and as an academic economist at the London School of Economics.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003ELicenses\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\"1:1 portrait of Lord Andrew Tyrie\" by UK Parliament is licensed under Attribution 3.0 Unported (CC BY 3.0)\u003C\u002Fp\u003E\n\u003Cp\u003E\"Vicky Pryce, Greece and the Eurozone: A New Approach?, Tuesday 11 December 2012\" by Chatham House is licensed under Attribution 2.0 Generic (CC BY 2.0)\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EConference Organisers\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor David Aikman (Director of the Qatar Centre for Global Banking and Finance, King’s Business School) [contact: david.aikman@kcl.ac.uk]\u003C\u002Fp\u003E\n\u003Cp\u003EDr Richard Barwell (Head of Macro Research at BNP Paribas Asset Management) [contact: richard.barwell@bnpparibas.com]\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Paul Mizen (Deputy Director of the Economic Statistics Centre of Excellence, Kings Business School) [contact: paul.mizen@kcl.ac.uk]\u003C\u002Fp\u003E\n\u003Cp\u003EWe welcome comments on this event and suggestions for themes to focus on in future years.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"","transformations":"w=780&h=521&crop=780,440,0,41","caption":"","asset":{"entryTitle":"QCGBF Watchers 2023","entryDescription":null,"sys":{"id":"b6e14569-d14a-4343-93ff-819197282e06","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2023.x4dde58c4.jpg?w=780&h=521&crop=780,440,0,41"}}},"thumbnail":{"altText":"","transformations":"w=780&h=521&crop=780,440,0,41","caption":"","asset":{"entryTitle":"QCGBF Watchers 2023","entryDescription":null,"sys":{"id":"b6e14569-d14a-4343-93ff-819197282e06","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-watchers-2023.x4dde58c4.jpg?w=780&h=521&crop=780,440,0,41"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":false,"includeInSitemap":false,"includeInKCLSiteListings":false},"entryDescription":"Please join us for The Watchers' Conference, in partnership with the Bank of England and the Money Macro and Finance Society.","contactEmail1":null,"richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Bank of England Watchers' Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0905c688-884c-4452-b100-a046710f3286","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Bank of England Watchers' Conference 2022"},{"date":{"from":"2022-10-24T14:00:00","to":"2022-10-24T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_cyljldAQR32n2SqXY4mKuQ","description":"The Qatar Centre for Global Banking & Finance welcomes José-Luis Peydró from Imperial College Business School to present this virtual seminar .","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: José-Luis Peydró: Take It to the Limit? The Effects of Household Leverage Caps","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2148902","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-07-18T14:14:38.4587344Z","versionNo":"8.0","modified":"2022-10-20T10:39:50.3755585Z","modifiedBy":"k2148902","published":"2022-10-20T10:40:01.2197445Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b0a0c7f8-fa12-4f8d-a2ef-1357cece8211","projectId":"website","slug":"qcgbf-virtual-seminar-series-jose-luis-peydro","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003EJosé-Luis Peydró\u003C\u002Fstrong\u003E from Imperial College Business School to present this virtual seminar.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003ETake It to the Limit? The Effects of Household Leverage Caps \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EWe analyze the effects of borrower-based macroprudential policy at the household level. For identification, we exploit administrative Dutch tax return and property ownership data linked to the universe of housing transactions, and the introduction of a mortgage loan-to-value (LTV) limit. The regulation reduces home ownership. Among first-time homebuyers, mortgage leverage falls with bunching at the LTV limit. While these households substantially reduce total leverage and debt servicing costs, they also reduce cash balances to satisfy the regulation, resulting in a solvency-liquidity trade off. We find that households affected by the regulation experience less financial distress, as well as better liquidity management and smoother consumption following negative income shocks. Finally, we document mixed long-term effects for households' net worth in the aftermath of the regulation, undercutting the common belief that mortgage regulation is necessarily bad for wealth accumulation.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"nestedImage","value":{"image":{"altText":"jose-luis-peydro-alcade-qcgbf-vss","transformations":null,"caption":"José-Luis Peydró, Imperial College Business School","asset":{"entryTitle":"jose-luis-peydro-alcade-qcgbf-vss","entryDescription":null,"sys":{"id":"72e396ef-0163-4e46-b8cd-54796032f697","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fjose-luis-peydro-alcade-qcgbf-vss.x2b892f26.jpg"}}},"text":"\u003Ch3\u003E\u003Cstrong\u003EAbout the Speaker\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EProfessor José-Luis Peydró is a Professor of Finance at Imperial College Business School. Professor Peydró’s research interests span a wide range of factors affecting the stability of the financial system including credit markets, capital and liquidity, financial contagion, FinTech and innovation in banking and financial services, and the globalisation of finance.\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Peydró maintains extremely strong links with industry, policymakers and regulators. He is a member of the Advisory Scientific Committee of the European Systemic Risk Board, an advisor at the Bank of Spain, a consultant at the European Central Bank, and a Research Professor at Deutsche Bundesbank. He previously held a Houblon-Norman Fellowship at the Bank of England and has held consultancy roles at the World Bank, the International Monetary Fund, the Federal Reserve Board in Washington, the Bank of England, Banque de France, and the Reserve Bank of India.\u003C\u002Fp\u003E\n\u003Cp\u003EA sought-after educator and speaker, he has presented his research in universities including Harvard, MIT, Princeton, Stanford, Columbia, NYU, LSE, Oxford and LBS. He has taught in-company executive education at the European Central Bank, Central Bank of Portugal and the Bundesbank, as well as courses at the Florence School of Banking & Finance. He is the Programme Director for the Imperial College Business School Executive Education programme \u003Cem\u003EFinTech: Innovative Banking.\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EProfessor Peydró is based in London and Barcelona. Alongside his role at Imperial, he is a Catalan Institution for Research and Advanced Studies Professor of Economics at Universitat Pompeu Fabra, a Research Professor at the Barcelona Graduate School of Economics, a Centre de Recerca en Economia Internacional Research Associate, and a Research Fellow at the Centre for Economic Policy Research in London.\u003C\u002Fp\u003E","align":"Left"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"qcgbf-virtual-seminar-series","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes José-Luis Peydró from Imperial College Business School to present this virtual seminar .","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: José-Luis Peydró: Take It to the Limit? The Effects of Household Leverage Caps"},{"date":{"from":"2022-09-22T12:00:00","to":"2022-09-22T18:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.co.uk\u002Fe\u002Fkings-climate-finance-workshop-tickets-405222721067","description":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","heroImage":null,"relatedNews":null,"title":"Climate Finance Workshop","type":[{"entryTitle":"Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"689a91ba-44f2-41ae-bc4d-f0058224278c","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2257849","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-08-19T10:08:43.1472631Z","versionNo":"29.0","modified":"2022-10-03T14:58:51.2841271Z","modifiedBy":"k2257849","published":"2022-10-03T16:03:02.6630859Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"c01e6640-4236-4867-af4c-700c514ead6d","projectId":"website","slug":"climate-finance-workshop","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch3\u003E\u003Cstrong\u003EAbout the event\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThis workshop is being jointly organised by the \u003Cem\u003EQatar Centre for Global Banking and Finance\u003C\u002Fem\u003E at King’s Business School, and the \u003Cem\u003EDepartment of Mathematics\u003C\u002Fem\u003E, and the \u003Cem\u003EDepartment of Informatics\u003C\u002Fem\u003E in the \u003Cem\u003EFaculty of Natural, Mathematical & Engineering Sciences\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EIt will bring together leading researchers and practitioners to discuss prominent issues in the field of climate finance, including energy and carbon market dynamics, the scope for using big data to underpin and robustify ESG scoring, and the role of financial regulation in the transition to net zero, including climate stress testing, disclosure requirements and how policymakers should respond to uncertainty.\u003C\u002Fp\u003E\n\u003Cp\u003EThe workshop will be held in-person at the Science Gallery London and is open to all. Lunch will be served at 12.00 and the workshop will commence at 12.40.\u003C\u002Fp\u003E\n\u003Ch3\u003E \u003C\u002Fh3\u003E\n\u003Ch3\u003E\u003Cstrong\u003EProgramme\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E12:00\u003Cstrong\u003E Lunch and Registration\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E12:40 \u003Cstrong\u003EIntroduction\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EProfessor Barbara Shollock, Head of Engineering and the Faculty of Natural, Mathematical & Engineering Sciences Net Zero Centre Lead at King's College London\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E12:45 -1:15 \u003Cstrong\u003ESession I: Climate change and asset prices\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELuca Taschini (University of Edinburgh Business School)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E1:15 -2:15 \u003Cstrong\u003ESession II: Energy Markets\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EKarlygash Kuralbayeva (King’s College London)\u003C\u002Fli\u003E\n\u003Cli\u003EOmer Ahmad (Low Carbon Contracts Company (LCCC)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E2:15 – 2:45 \u003Cstrong\u003ECoffee break\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E2:45 – 4:00\u003Cstrong\u003E Session III: ESG\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EMarc Lepere (King's College London)\u003C\u002Fli\u003E\n\u003Cli\u003ERichard Weighell (BDO)\u003C\u002Fli\u003E\n\u003Cli\u003EHannah Cool (PwC)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E4:00 – 5:00 \u003Cstrong\u003ESession IV: Financial regulation and the transition to net zero\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EMisa Tanaka (Bank of England)\u003C\u002Fli\u003E\n\u003Cli\u003EMichel De Lara (Ecole des Ponts ParisTech)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Ch3\u003E\u003Cstrong\u003EAbout the Speakers\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E"},{"type":"nestedImage","value":{"image":{"altText":"Professor Barbara Shollock","transformations":null,"caption":"","asset":{"entryTitle":"person profile barbara shollock","entryDescription":null,"sys":{"id":"141c5a50-8afa-40e6-99a8-70b0cfaea163","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fnmes\u002Fperson-profile-160x160\u002Fperson-profile-barbara-shollock.xde71fab5.jpg"}}},"text":"\u003Cp\u003E\u003Cstrong\u003EProfessor Barbara Shollock \u003C\u002Fstrong\u003Eis a member of the EPSRC Engineering Strategic Advisory Team. Professor Shollock's work focuses on the physico-chemical aspects relating to steel and advanced alloy manufacture and usage. Applications include the development of more sustainable and efficient manufacturing processes for new high performance materials, particularly for the automotive sector and for land-based and aero gas turbines. Professor Shollock has extensive links with industry, including with Rolls-Royce plc, GE, NASA, Tata Steel, Cummins and Jaguar Land Rover.\u003C\u002Fp\u003E","align":"Left"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003ELuca Taschini\u003C\u002Fstrong\u003E is Reader at the University of Edinburgh Business School and an Associate Professorial Research Fellow at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics where he is a member of the Sustainable Finance and the Policy Design and Evaluation research programmes. He holds a PhD in Finance from the University of Zurich.\u003C\u002Fp\u003E\n\u003Cp\u003ELuca has published research on a wide range of issues and works with international organizations, governments and businesses on topics of shared interest, such as carbon pricing, sustainable finance and investments.\u003C\u002Fp\u003E\n\u003Cp\u003ELuca is a CESifo Research Network Fellow and he was previously a Visiting Scholar at the MIT Joint Program on the Science and Policy of Global Change, U.S.A. and Visiting Scholar at the Research Center for Sustainability Science at Ritsumeikan University, Japan.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EDr Karlygash Kuralbayeva \u003C\u002Fstrong\u003Eis a Senior Lecturer in Economics at the Department of Political Economy at King’s College London. Previously she was a teaching fellow at London School of Economics, a research officer at Grantham Research Institute at LSE and a research fellow at the University of Oxford.\u003C\u002Fp\u003E\n\u003Cp\u003EHer research interests include macroeconomics, development, climate change economics and environmental economics. Karlygash holds a PhD in economics from the University of Oxford.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EOmer Ahmad\u003C\u002Fstrong\u003E is Policy and Commercial Development Manager at Low Carbon Contracts Company (LCCC). Omer’s role at the LCCC is to support powering net zero which involves working closely with policy teams within the Department of Business, Energy and Industrial Strategy (BEIS) and Ofgem on supporting the UK Government's 2050 net zero and decarbonisation strategy and deliver the UK’s goals for secure, affordable and sustainable energy. His current work includes leading on policy engagement with the Government and external stakeholders for the Review of Electricity Market Arrangements (REMA).\u003C\u002Fp\u003E\n\u003Cp\u003EPrior to joining LCCC, Omer worked for EDF Energy’s Strategy and Corporate Affairs team, where he advised on policy, regulatory and commercial aspects of the electricity industry including climate change policy to EDF Energy’s generation, customer and renewables joint venture business units.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E12:40 \u003Cstrong\u003EIntroduction\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EProfessor Barbara Shollock, Head of Engineering and the Faculty of Natural, Mathematical & Engineering Sciences Net Zero Centre Lead at King's College London\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E12:45 -1:15 \u003Cstrong\u003ESession I: Climate change and asset prices\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELuca Taschini (University of Edinburgh Business School)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"Climate Finance - Barbara and Luca","transformations":null,"caption":"","asset":{"entryTitle":"Climate Finance - Barbara and Luca","entryDescription":null,"sys":{"id":"257c5135-7b01-45ec-8605-3a11e4a31410","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-barbara-and-luca.x135d50ab.png"}}}},{"type":"text","value":"\u003Cp\u003E1:15 -2:15 \u003Cstrong\u003ESession II: Energy Markets\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EKarlygash Kuralbayeva (King’s College London)\u003C\u002Fli\u003E\n\u003Cli\u003EOmer Ahmad (Low Carbon Contracts Company (LCCC)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"Climate Finance - Omer and Karly","transformations":null,"caption":"","asset":{"entryTitle":"Climate Finance - Omer and Karly","entryDescription":null,"sys":{"id":"e781231d-6c0a-4bf6-8b59-a9a1172195c5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-omer-and-karly.x1139b653.png"}}}},{"type":"text","value":"\u003Cp\u003E2:45 – 4:00\u003Cstrong\u003E Session III: ESG\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EMarc Lepere (King's College London)\u003C\u002Fli\u003E\n\u003Cli\u003ERichard Weighell (BDO)\u003C\u002Fli\u003E\n\u003Cli\u003EHannah Cool (PwC)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"Climate Finance - Marc, Richard and Hannah","transformations":null,"caption":"","asset":{"entryTitle":"Climate Finance - Marc, Richard and Hannah","entryDescription":null,"sys":{"id":"fbc02264-2e1b-4a97-a2de-81e8bd1e9955","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-marc-richard-and-hannah.x5dc801f2.png"}}}},{"type":"text","value":"\u003Cp\u003E4:00 – 5:00 \u003Cstrong\u003ESession IV: Financial regulation and the transition to net zero\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EMisa Tanaka (Bank of England)\u003C\u002Fli\u003E\n\u003Cli\u003EMichel De Lara (Ecole des Ponts ParisTech)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"image","value":{"altText":"Climate Finance - Misa and Michel","transformations":null,"caption":"","asset":{"entryTitle":"Climate Finance - Misa and Michel","entryDescription":null,"sys":{"id":"7e8453dd-cb5c-46ce-9ea8-e4f518b5a2ea","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-misa-and-michel.x8a225ea4.png"}}}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EMarc Lepere\u003C\u002Fstrong\u003E is a PhD student in Political Economy. He is a Fellow of the Higher Education Academy and serves as a visiting lecturer at the Wharton School of the University of Pennsylvania. He is an Economics graduate of Trinity College, Dublin and holds a MSc from King’s.\u003C\u002Fp\u003E\n\u003Cp\u003EMarc has published in leading journals including Stanford Social Innovation Review, the Financial Times and Discovering Truth (series 1) which was nominated for a Pulitzer Prize. Professionally, Marc has been an employee, entrepreneur and social entrepreneur. In 2021, he founded ESGgen which builds on his doctoral research. \u003C\u002Fp\u003E\n\u003Cp\u003EMarc has served as Chief Marketing Officer for Havas Worldwide; Executive Vice President for McCann Erickson WorldGroup and Deputy Chairman of Dentsu in Europe, Middle East and Africa.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003ERichard Weighell\u003C\u002Fstrong\u003E is a specialist in risk, control, assurance and compliance with more than 30 years’ experience working as an adviser and assurance provider. During his career he has worked with a wide range of organisations before specialising in financial services where he works primarily with banks, asset managers, brokers and payments firms. He holds a number of head of internal audit roles and leads assurance and advisory assignments.\u003C\u002Fp\u003E\n\u003Cp\u003EAs well as his risk and control work, Richard also leads the financial services ESG team, providing support and assurance to firms in developing their strategies and control frameworks and in measuring their climate impact.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EMisa Tanaka\u003C\u002Fstrong\u003E is the Head of Research at the Bank of England. Misa joined the Bank in 2002 after completing a D.Phil in Economics at Nuffield College, University of Oxford. She has held a number of positions across Monetary Analysis, Financial Stability, and Prudential Policy Areas of the Bank.\u003C\u002Fp\u003E\n\u003Cp\u003EMisa has previously published articles on international policy spillovers, bonus regulations, and sovereign debt finance in Journal of Money, Credit and Banking, Journal of Financial Intermediation, and Economic Journal, amongst others. Misa's current research interests include prudential policies and the impact of climate change on the financial system.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EMichel De Lara\u003C\u002Fstrong\u003E is an applied mathematician, trained in stochastic processes and in control theory, after graduating as an engineer at Ecole Polytechnique and at Ecole nationale des ponts et chaussées, where he is presently working. He started his career in the environment research center, while working part time at the French ministry of the Environment. He is now in position at the mathematics research center,\u003Cbr \u002F\u003ECERMICS.\u003C\u002Fp\u003E\n\u003Cp\u003ERegarding theory, Michel De Lara's interest fields fall into control theory, stochastic optimization, convex analysis and game theory. As to applications, he specializes in developing mathematical methods for the sustainable management of natural resources, with particular focus on renewable energy and biodiversity. Michel publishes papers in biology, economics and mathematics journals.\u003C\u002Fp\u003E"},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Timothy Foreman","entryDescription":"Postdoctoral Research Associate, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"40e544c8-d183-42ee-ac70-288fd8d2dd59","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Teemu Pennanen","entryDescription":"Professor in Financial Mathematics","entryThumbnail":null,"sys":{"id":"21295ef7-91e3-484e-8376-14dc43b393aa","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Carmine Ventre","entryDescription":" Interim Head of the Department of Informatics","entryThumbnail":null,"sys":{"id":"993a1165-3bcb-4a07-b975-667d91ab32df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Mathematics","entryDescription":"mathematics","entryThumbnail":null,"sys":{"id":"45ab5da6-f693-4a37-8020-cea6a46b5e11","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Informatics","entryDescription":"informatics","entryThumbnail":null,"sys":{"id":"8e2180f6-affe-461e-a481-6a99209559a6","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Department of International Development","entryDescription":"did","entryThumbnail":null,"sys":{"id":"7dc20e6d-7989-4157-b423-33a765009a55","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"ClimateFinanceWorkshopBannertemp","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"ClimateFinanceWorkshopBannertemp","entryDescription":null,"sys":{"id":"5637b94b-9184-4ea9-a54f-efcdf0b1172c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimatefinanceworkshopbannertemp.xf48c69fb.jpg?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"ClimateFinanceWorkshopBannertemp","entryDescription":null,"sys":{"id":"5637b94b-9184-4ea9-a54f-efcdf0b1172c","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimatefinanceworkshopbannertemp.xf48c69fb.jpg?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Climate Finance Workshop"},{"date":{"from":"2022-10-10T14:00:00","to":"2022-10-10T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_5nXv9I0xT4qqJa4WxWAT8Q","description":"The Qatar Centre for Global Banking & Finance welcomes Ester Faia from the University Frankfurt to present this virtual seminar. ","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Ester Faia: Monetary Policy and Wage Inequality: the Labour Mobility Channel","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-07-18T13:59:19.318113Z","versionNo":"5.0","modified":"2022-09-29T14:15:50.2168846Z","modifiedBy":"k1812479","published":"2022-09-29T14:16:01.1117183Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"547986dd-7366-4aca-952a-f0802e867b91","projectId":"website","slug":"qcgbf-virtual-seminar-series-ester-faia","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003EEster Faia\u003C\u002Fstrong\u003E from the University Frankfurt to present this virtual seminar.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EIn times of rising inequality, structural reallocation and widespread resignation we study the distributional consequences of monetary policy through labour market mobility. Using CPS monthly wage changes and occupational transitions we estimate the impact of high frequency identified monetary shocks through local projection methods and find that a tightening reduces inequality by affecting primarily separation rates of workers at the bottom of the income distribution, who are less likely to be re-employed.\u003C\u002Fp\u003E\n\u003Cp\u003ETheir exit from the labour force results in a mean preserving spread of the distribution that reduces wage dispersion. We then build a monetary model with uninsurable risk, agents heterogeneous in income risk, talents and wealth and in which participation and occupational allocation decisions take place through a period-by-period discrete choice optimization on value functions across occupations.The key novel transmission runs through the dependence of the transition probabilities on wealth and income.\u003C\u002Fp\u003E\n\u003Cp\u003ETheir decline, following a tightening, increases separation and reduces re-employment probabilities, more so for workers on the bottom of the income distribution, resulting in a mean preserving spread of the wage distribution.Model-based regressions for wage inequality and separation rates match the empirical counterparts. A more equal skill distribution, induced for instance by the education system, can overturn results by fostering mobility.\u003C\u002Fp\u003E\n\u003Ch3\u003EAbout the Speaker\u003C\u002Fh3\u003E\n\u003Cp\u003EEster Faia holds a Chair in Monetary ad Fiscal Policy at Goethe University Frankfurt and is CEPR fellow. She received her Ph.d. from New York University and works in the area of macro-finance, macro-labour and monetary.\u003C\u002Fp\u003E"},{"type":"downloadNote","value":{"summary":null,"files":[{"entryTitle":"Monetary Policy and Wage Inequality: the Labour Mobility Channel","entryDescription":null,"sys":{"id":"0fefbf7d-aae9-41f7-8be9-cba6d394e3ba","language":"en-GB","contentTypeId":"pdf","dataFormat":"asset","uri":"\u002Fbusiness\u002Fassets\u002Fevent-pdfs\u002Fqcgbf-virtual-seminar-series\u002Freallocation-inequality.pdf"}}],"alignment":"Full width","title":"Monetary Policy and Wage Inequality: the Labour Mobility Channel"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"qcgbf-virtual-seminar-series","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Ester Faia from the University Frankfurt to present this virtual seminar. ","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Ester Faia: Monetary Policy and Wage Inequality: the Labour Mobility Channel"},{"date":{"from":"2022-09-26T14:00:00","to":"2022-09-26T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_FQg37ln5TZy9q64LMwa5Zg","description":"The Qatar Centre for Global Banking & Finance welcomes Michael Kumhof from the Bank of England (BoE) to present this virtual seminar.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Michael Kumhof: The Open Economy Macroeconomics of Central Bank Digital Currencies","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-07-18T13:11:41.6060403Z","versionNo":"6.0","modified":"2022-09-13T10:16:24.5629909Z","modifiedBy":"k1812479","published":"2022-09-13T10:16:49.8395498Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"7e33ba0a-3f87-4b44-abc0-b8dff0d89c5e","projectId":"website","slug":"qcgbf-virtual-seminar-series-michael-kumhof","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fresearch\u002Fresearchers\u002Fmichael-kumhof\"\u003E\u003Cstrong\u003EMichael Kumhof\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E from the Bank of England to present this virtual seminar.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EWe study the open-economy implications of introducing CBDCs into a 2-country DSG Eenvironment that features a realistic financial system, with households deriving liquidity services from both CBDCs and bank deposits. We make several assumptions about the architecture and design features of CBDCs:\u003C\u002Fp\u003E\n\u003Col\u003E\n\u003Cli\u003EWe focus on retail CBDC, and allow households to hold CBDCs in any currency\u003C\u002Fli\u003E\n\u003Cli\u003ECBDCs are strictly separated from reserves, and are remunerated at an interest rate below the policy rate due to their non-pecuniary convenience yield\u003C\u002Fli\u003E\n\u003Cli\u003ECBDCs are introduced via central bank purchases of government bonds or transfers to the government budget, ruling out direct and guaranteed conversion of bank deposits into CBDC at commercial banks\u003C\u002Fli\u003E\n\u003Cli\u003ECBDCs are separately issued in both countries.\u003C\u002Fli\u003E\n\u003C\u002Fol\u003E\n\u003Cp\u003EWe show that the introduction of CBDCs by a single economy is highly beneficial in terms of output and welfare. The effects of financial disturbances are not exacerbated by the presence of CBDCs, in fact their effect on banks is typically mitigated. Large reallocations of liquidity between currencies, and between deposits and CBDC, yield benign balance sheet adjustments and small real effects. Finally, a more aggressively countercyclical use of the interest rate on CBDC could be highly beneficial in terms of stabilizing output and inflation.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"},{"type":"downloadNote","value":{"summary":null,"files":[{"entryTitle":"The Open Economy Macroeconomics of Central Bank Digital Currencies","entryDescription":null,"sys":{"id":"39446240-82aa-46df-874e-ada531c7b44e","language":"en-GB","contentTypeId":"pdf","dataFormat":"asset","uri":"\u002Fbusiness\u002Fassets\u002Fevent-pdfs\u002Fqcgbf-virtual-seminar-series\u002Fthe-open-economy-macroeconomics-of-central-banking-michael-kumhof.pdf"}}],"alignment":"Left","title":"The Open Economy Macroeconomics of Central Bank Digital Currencies"}}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"qcgbf-virtual-seminar-series","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Michael Kumhof from the Bank of England (BoE) to present this virtual seminar.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Michael Kumhof: The Open Economy Macroeconomics of Central Bank Digital Currencies"},{"date":{"from":"2022-12-05T14:00:00","to":"2022-12-05T15:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_sJMag2tmTdG3xUbBhuvxtw","description":"The Qatar Centre for Global Banking & Finance welcomes Timothy Jackson from the University of Liverpool to present this virtual seminar. ","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: Timothy Jackson: Optimal Central Bank Balance Sheets","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2257849","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-07-25T14:32:39.2280317Z","versionNo":"2.0","modified":"2022-12-05T10:01:01.4285424Z","modifiedBy":"k2257849","published":"2022-12-05T10:02:48.4663222Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"537f5ee8-21ea-46c2-868a-0b649cdde003","projectId":"website","slug":"qcgbf-virtual-seminar-series-timothy-jackson","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Cstrong\u003ETimothy Jackson\u003C\u002Fstrong\u003E from the University of Liverpool to present this virtual seminar.\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EAfter the Global Financial Crisis, central banks balance sheets have increased around the globe. A pressing question among central banks is how large balance sheet should be and what are the criteria dictating their optimal size. We show that the socially optimal size of the central bank balance sheet depends on: 1) the size of government debt and 2) the spread that banks apply on their loans relative to the interest paid on their deposits. When banks face a leverage constraint, level of credit is below what it should be in a frictionless economy: capital is too low. Giving banks further access to lending opportunities (more assets) increases their revenue and thus their net-worth hence reducing leverage and increasing efficiency. Providing banks with more business opportunity goes in the direction of a subsidy. When public debt is too large, banks might hold too much of it, i.e. beyond the efficient level. In this case the central bank should absorb some of that, eg issuing reserves, if these pay a lower return than government debt. If public debt is too scarce, though, the central bank should avoid reducing it further by holding it in their balance sheet. This argument gives rise to an optimal size of the central bank balance sheet, a CbBs-star.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"qcgbf-virtual-seminar-series","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes Timothy Jackson from the University of Liverpool to present this virtual seminar. ","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: Timothy Jackson: Optimal Central Bank Balance Sheets"},{"date":{"from":"2022-11-21T16:00:00","to":"2022-11-21T17:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_C4NVSGUNQ268Gri14fEtsw","description":"The Qatar Centre for Global Banking & Finance welcomes James Cloyne from the University of California Davis to present this virtual seminar.","heroImage":null,"relatedNews":null,"title":"QCGBF Virtual Seminar Series: James Cloyne: Short-Term Tax Cuts, Long-Term Stimulus","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}},{"entryTitle":"Seminar","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c97779c4-996c-437b-9c8b-d9d3cbcab957","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2148902","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2148902","archived":null,"deleted":null,"createdBy":"k2148902","created":"2022-07-25T14:26:45.3188584Z","versionNo":"4.0","modified":"2022-11-07T16:59:25.9644433Z","modifiedBy":"k2148902","published":"2022-11-07T16:59:44.2902985Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"55dfde1b-2a48-47a5-bb84-25b2e3692fec","projectId":"website","slug":"qcgbf-virtual-seminar-series-james-cloyne","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch2\u003EAbout the Event\u003C\u002Fh2\u003E\n\u003Cp\u003EThe \u003Cstrong\u003EQatar Centre for Global Banking & Finance\u003C\u002Fstrong\u003E welcomes \u003Ca title=\"James Cloyne - UC Davis Bio\" href=\"https:\u002F\u002Feconomics.ucdavis.edu\u002Fpeople\u002Fjcloyne\"\u003E\u003Cstrong\u003EJames Cloyne\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E from the the University of California Davis to present this virtual seminar.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EPaper Abstract\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EWe study the persistent effects of temporary changes in U.S. federal corporate and personal income tax rates using a narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak effects between five and eight years. R&D spending and capital investment display hump-shaped responses while hours worked and employment are much less affected.\u003C\u002Fp\u003E\n\u003Cp\u003EIn contrast, personal income tax cuts trigger a short-lived boost to GDP, productivity and hours worked but have no long-term effects. We develop and estimate an endogenous growth model with variable factor utilization and show that these features generate a pro-cyclical response of productivity which is key to account for our empirical findings.\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"qcgbf-virtual-seminar-series","transformations":"crop=780,440,0,0","caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg?crop=780,440,0,0"}}},"thumbnail":{"altText":"","transformations":"w=793&h=446&crop=780,440,10,0","caption":"","asset":{"entryTitle":"Virtual Seminar Series QATAR CENTRE FOR GLOBAL BANKING & FINANCE (3)","entryDescription":null,"sys":{"id":"86fc820a-fc62-4cca-8bbd-8405ceabaf30","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fvirtual-seminar-series-qatar-centre-for-global-banking-finance-3.x96ea5d81.png?w=793&h=446&crop=780,440,10,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"The Qatar Centre for Global Banking & Finance welcomes James Cloyne from the University of California Davis to present this virtual seminar.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9e3a2e82-3b22-4cb0-a551-3b368fa596a5","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"QCGBF Virtual Seminar Series: James Cloyne: Short-Term Tax Cuts, Long-Term Stimulus"},{"date":{"from":"2023-02-23T12:00:00","to":"2023-02-23T17:30:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.com\u002Fe\u002Fkings-climate-finance-workshop-february-2023-tickets-526520295377","description":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","heroImage":null,"relatedNews":null,"title":"Climate Finance Workshop - 23 February 2023","type":[{"entryTitle":"Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"689a91ba-44f2-41ae-bc4d-f0058224278c","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-01-27T14:37:02.1947968Z","versionNo":"8.0","modified":"2023-02-21T11:34:08.3743087Z","modifiedBy":"k1812479","published":"2023-02-21T11:34:27.5516515Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"ff5434bc-8811-41b7-b84e-a7442a754e63","projectId":"website","slug":"climate-finance-workshop-february-2023","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Ch3\u003E\u003Cstrong\u003EAbout the event\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EPlease join us for this workshop, which is being jointly organised by the \u003Cem\u003EQatar Centre for Global Banking and Finance\u003C\u002Fem\u003E at King’s Business School, and the \u003Cem\u003EDepartment of Mathematics\u003C\u002Fem\u003E, and the \u003Cem\u003EDepartment of Informatics\u003C\u002Fem\u003E in the \u003Cem\u003EFaculty of Natural, Mathematical & Engineering Sciences\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EThe workshop will be held in-person at the Science Gallery London and is open to all. Lunch will be served at 12.00 and the workshop will commence at 13.00.\u003C\u002Fp\u003E\n\u003Cp data-key=\"42\"\u003E\u003Cstrong data-slate-leaf=\"true\"\u003EAgenda\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp data-key=\"110\"\u003E12-1pm Lunch\u003C\u002Fp\u003E\n\u003Cp data-key=\"114\"\u003E1-2pm Research\u003C\u002Fp\u003E\n\u003Cul data-key=\"171\"\u003E\n\u003Cli data-key=\"118\"\u003EJean-Paul Renne (University of Lausanne), “\u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=3881262\"\u003EPricing Climate Linkers”\u003C\u002Fa\u003E (with Pauline Chikhani)\u003C\u002Fli\u003E\n\u003Cli data-key=\"122\"\u003EMarc Lepere (King's College London), Update on King’s interdisciplinary work on measuring CO2e emissions.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp data-key=\"128\"\u003E2-3:30pm Climate risk metrics\u003C\u002Fp\u003E\n\u003Cul data-key=\"190\"\u003E\n\u003Cli data-key=\"132\"\u003EJoseph Noss, Senior Director, Financial Services, (WTW Climate and Resilience Hub), “Measuring climate transition risk: what metric for what purpose?”\u003C\u002Fli\u003E\n\u003Cli data-key=\"134\"\u003E\n\u003Cp\u003EMaryse Gordon, Partnerships and Business Development Manage (RepRisk), \"Leveraging ESG risk data\"\u003C\u002Fp\u003E\n\u003C\u002Fli\u003E\n\u003Cli data-key=\"138\"\u003EChiwuike Nwokenna, Head of Analytics (Low Carbon Contracts Company), \"Quantifying LCCC’s contribution to UK emission reductions\"\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp data-key=\"144\"\u003E3:30-4pm Coffee\u003C\u002Fp\u003E\n\u003Cp data-key=\"148\"\u003E4-5pm Policy\u003C\u002Fp\u003E\n\u003Cul data-key=\"191\"\u003E\n\u003Cli data-key=\"152\"\u003EDavid Carlin (UNEP-FI), “Short-term climate scenarios and their potential economic implications”\u003C\u002Fli\u003E\n\u003Cli data-key=\"154\"\u003EYasmin Raza (FCA)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp data-key=\"160\"\u003E5-6pm Emissions Trading System (ETS) Markets\u003C\u002Fp\u003E\n\u003Cul data-key=\"192\" data-slate-fragment=\"%7B%22object%22%3A%22document%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%22className%22%3Anull%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22A%EF%BB%BFgenda%22%2C%22marks%22%3A%5B%7B%22object%22%3A%22mark%22%2C%22type%22%3A%22bold%22%2C%22data%22%3A%7B%7D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%2212-1pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20Lunch%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%221-2pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20Research%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22Jean-Paul%20Renne%20(University%20of%20Lausanne)%2C%20%E2%80%9CPricing%20Climate%20Linkers%E2%80%9D%20(with%20Pauline%20Chikhani).%5Cr%20%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%2C%7B%22object%22%3A%22inline%22%2C%22type%22%3A%22link%22%2C%22data%22%3A%7B%22href%22%3A%22https%3A%2F%2Fpapers.ssrn.com%2Fsol3%2Fpapers.cfm%3Fabstract_id%3D3881262%22%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22https%3A%2F%2Fpapers.ssrn.com%2Fsol3%2Fpapers.cfm%3Fabstract_id%3D3881262%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrMarc%20Lepere%20(King's%20College%20London)%2C%20Update%20on%20King%E2%80%99s%20interdisciplinary%20work%20on%20measuring%20CO2e%20emissions.%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%222-3%3A30pm%20%20%20%20%20%20%20%20%20%20%20Climate%20analytics%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22Joseph%20Noss%20(WTW%20Climate%20and%20Resilience%20Hub)%2C%20%E2%80%9CTools%20for%20measuring%20transition%20risk%E2%80%9D%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrMaryse%20Gordon%20(Reprisk)%20%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrSpeaker%20from%20the%20Low%20Carbon%20Contracts%20Company%20-%20TBC%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%223%3A30-4pm%20%20%20%20%20%20%20%20%20%20%20Coffee%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%224-5pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20Policy%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22David%20Carlin%20(UNEP-FI)%2C%20%E2%80%9CShort-term%20climate%20scenarios%20and%20their%20potential%20economic%20implications%E2%80%9D%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrYasmin%20Raza%20(FCA)%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%225-6pm%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20Emissions%20Trading%20System%20(ETS)%20Markets%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22paragraph%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22bulleted-list%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22Jostein%20Kristensen%20(Oxera)%5Cr%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%2C%7B%22object%22%3A%22block%22%2C%22type%22%3A%22list-item%22%2C%22data%22%3A%7B%7D%2C%22nodes%22%3A%5B%7B%22object%22%3A%22text%22%2C%22leaves%22%3A%5B%7B%22object%22%3A%22leaf%22%2C%22text%22%3A%22%5CrLuca%20Taschini%20(Edinburgh%20Business%20School)%22%2C%22marks%22%3A%5B%5D%7D%5D%7D%5D%7D%5D%7D%5D%7D\"\u003E\n\u003Cli data-key=\"164\"\u003EJostein Kristensen (Oxera)\u003C\u002Fli\u003E\n\u003Cli data-key=\"166\"\u003ELuca Taschini (Edinburgh Business School)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Teemu Pennanen","entryDescription":"Professor in Financial Mathematics","entryThumbnail":null,"sys":{"id":"21295ef7-91e3-484e-8376-14dc43b393aa","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Carmine Ventre","entryDescription":" Interim Head of the Department of Informatics","entryThumbnail":null,"sys":{"id":"993a1165-3bcb-4a07-b975-667d91ab32df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}},{"entryTitle":"Technology & Science","entryDescription":null,"entryThumbnail":null,"sys":{"id":"60c84afe-f51e-4e80-af7d-188d9eff995c","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Faculty of Natural, Mathematical & Engineering Sciences","entryDescription":"nmes","entryThumbnail":null,"sys":{"id":"25fe09c1-536a-496d-a117-0b718f3072d5","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Mathematics","entryDescription":"mathematics","entryThumbnail":null,"sys":{"id":"45ab5da6-f693-4a37-8020-cea6a46b5e11","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Informatics","entryDescription":"informatics","entryThumbnail":null,"sys":{"id":"8e2180f6-affe-461e-a481-6a99209559a6","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate & sustainability researchers at King’s","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6c070ce0-a982-42f0-b987-6cd73d5c95d8","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Department of International Development","entryDescription":"did","entryThumbnail":null,"sys":{"id":"7dc20e6d-7989-4157-b423-33a765009a55","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"School of Global Affairs","entryDescription":"global-affairs","entryThumbnail":null,"sys":{"id":"29033ef0-2319-4257-bdb5-3d4623e50c71","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"Feb2023ClimateWorkshopforWebsite","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Feb2023ClimateWorkshopforWebsite","entryDescription":null,"sys":{"id":"321010d9-4f5c-4c2c-8a08-dc6b94bdd966","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002FFeb2023ClimateWorkshopforWebsite.x471b153b.jpg?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Feb2023ClimateWorkshopforWebsite","entryDescription":null,"sys":{"id":"321010d9-4f5c-4c2c-8a08-dc6b94bdd966","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002FFeb2023ClimateWorkshopforWebsite.x471b153b.jpg?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":null,"entryDescription":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Climate & Sustainability Month February 2023","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9b9468a5-8173-45df-8399-8ee21eb76cc7","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Climate Finance Workshop - 23 February 2023"},{"date":{"from":"2023-07-06T08:00:00","to":"2023-07-07T21:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.qcgbfconference.org\u002F","description":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.","heroImage":null,"relatedNews":null,"title":"Qatar Centre for Global Banking & Finance Annual Conference 2023","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-03-08T15:29:44.8639468Z","versionNo":"2.0","modified":"2023-05-18T09:26:13.6180229Z","modifiedBy":"k1812479","published":"2023-05-18T09:26:27.6814295Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0a45c8fe-0904-43ca-99d4-a0be0ec4db71","projectId":"website","slug":"qatar-centre-for-global-banking-finance-annual-conference-2023","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.\u003C\u002Fp\u003E\n\u003Cp\u003EThe conference provides a platform for experts from across the globe to present and discuss new research that can help central banks deal with the challenges facing the global economy and financial system.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Cp\u003EWe are pleased to announce the keynote speakers and one of the panels for this year’s conference:\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EKeynote speakers\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E6 July:\u003C\u002Fstrong\u003E Johannes Stroebel, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fpages.stern.nyu.edu%2F~jstroebe%2F&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=bANHOf1qiEAvA%2B2LYItcRZ%2BcVsK%2Bh2sYSQnVOh96dxY%3D&reserved=0\"\u003EProfessor of Finance at Leonard N. Stern School of Business at New York University\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E7 July:\u003C\u002Fstrong\u003E Annette Vissing-Jorgensen, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fsites.google.com%2Fview%2Fannette-vissing-jorgensen&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=1dNPvYIsWRtmk4AmrekXmUVUXlZIKN1SUd11Kz04rC4%3D&reserved=0\"\u003ESenior Adviser for Research & Policy at the Federal Reserve Board.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe conference provides a platform for experts from across the globe to present and discuss new research that can help central banks deal with the challenges facing the global economy and financial system.\u003C\u002Fp\u003E\n\u003Cp\u003EExpand your network by meeting top policymakers and researchers. Learn more about central bank mandates, regulatory implications of cryptocurrencies, digital assets, inflation and much more.\u003C\u002Fp\u003E"},{"type":"subheading","value":"Day 1 Schedule"},{"type":"text","value":"\u003Ctable width=\"565\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E08.15\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ERegistration\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E08.50\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EWelcome remarks\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E09.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EMonetary policy and households\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E10.20\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E10.40\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EPolicy communication\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E12.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E13.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EMonetary policy transmission\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E14.20\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E14.40\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EClimate finance\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E16.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EKeynote (Johannes Stroebel)\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E17.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003EYoung Economist Prize ceremony\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003E \u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 9.10511px;\"\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 72.2585px;\"\u003E17.15\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 441.648px;\"\u003ECanape reception and poster session\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"subheading","value":"Day 2 Schedule"},{"type":"text","value":"\u003Ctable width=\"565\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E08.15\u003C\u002Ftd\u003E\n\u003Ctd\u003ERegistration\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E09.00\u003C\u002Ftd\u003E\n\u003Ctd\u003EInterest rates\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E11.00\u003C\u002Ftd\u003E\n\u003Ctd\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E11.20\u003C\u002Ftd\u003E\n\u003Ctd\u003EFinancial markets\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E12.40\u003C\u002Ftd\u003E\n\u003Ctd\u003ELunch\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E13.40\u003C\u002Ftd\u003E\n\u003Ctd\u003EPanel: Crypto Regulatory Priorities\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E14.40\u003C\u002Ftd\u003E\n\u003Ctd\u003ECoffee\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E15.00\u003C\u002Ftd\u003E\n\u003Ctd\u003EBanking and credit\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E16.20\u003C\u002Ftd\u003E\n\u003Ctd\u003EKeynote (Annette Vissing-Jorgensen)\u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003Ctd\u003E \u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd\u003E17.20\u003C\u002Ftd\u003E\n\u003Ctd\u003EGoodbye\u002Fthanks\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EPanel: ‘Crypto and decentralised finance: Regulatory priorities’\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChaired by Frances Coppola, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.coppolacomment.com%2Fp%2Fabout-this-blog.html&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=ApcVOOzkX6WfNJhm%2B2P%2Bp5aShmcy9fFzceNbNG2JxvQ%3D&reserved=0\"\u003EEconomist, author and blogger\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ELeonardo Gambacorta, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fblogs.worldbank.org%2Fteam%2Fleonardo-gambacorta&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=0i8R6psrohz4JbIQhztM3l7Cj4LlSFDHIvmdcEGmEtA%3D&reserved=0\"\u003EHead of the Innovation and the Digital Economy unit at the Bank for International Settlements \u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChristine Parlour, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fhaas.berkeley.edu%2Ffaculty%2Fparlour-christine%2F&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=Qu2zcMA9C8sRawp8sco5P5m8%2Fx7CTGolHmML6NyEqNk%3D&reserved=0\"\u003ESylvan C. Coleman Chair of Finance and Accounting at Haas Business School, UC Berkeley\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDavid Birch, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.dgwbirch.com%2F&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=oCP6LWMSEZDCqCDtAHWNNP41OcCjWLG3F3M3ixzNqtM%3D&reserved=0\"\u003E15Mb Ltd, author, advisor and commentator on digital financial services\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ESheldon Mills, \u003Ca href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.fca.org.uk%2Fabout%2Fwho-we-are%2Fexecutive-committees%23expandable969076&data=05%7C01%7Croxana.raileanu%40kcl.ac.uk%7Cb627e40032dc4898bdaa08db4650eea2%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638181086684294438%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000%7C%7C%7C&sdata=V%2BueCAgloi8hf5pqhaW376H6SHnGSRbh5JI8wLLG%2FHI%3D&reserved=0\"\u003EExecutive Director, Consumers and Competition at the Financial Conduct Authority (FCA)\u003C\u002Fa\u003E\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch3\u003E\u003Cstrong\u003EAbout the Qatar Centre \u003C\u002Fstrong\u003E\u003Cstrong\u003Efor Global Banking & \u003C\u002Fstrong\u003E\u003Cstrong\u003EFinance\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policymaking, ranging from monetary policy to financial stability and regulation.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"QCGBF Banner 1500x990","transformations":"w=780&h=515&crop=780,440,0,38","caption":"","asset":{"entryTitle":"QCGBF Banner 1500x990","entryDescription":null,"sys":{"id":"43f555b4-34d0-4a97-b419-be2607d0d166","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fqcgbf-banner-1500x990.x2b97aa5a.png?w=780&h=515&crop=780,440,0,38"}}},"thumbnail":{"altText":"","transformations":"w=780&h=515&crop=780,440,0,38","caption":"","asset":{"entryTitle":"QCGBF Banner 1500x990","entryDescription":null,"sys":{"id":"43f555b4-34d0-4a97-b419-be2607d0d166","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fhero-banner\u002Fqcgbf-banner-1500x990.x2b97aa5a.png?w=780&h=515&crop=780,440,0,38"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.","contactEmail1":"info@qcgbfconference.org","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":{"entryTitle":"Bush House","entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","entryThumbnail":null,"sys":{"id":"f830c5e3-ef00-4387-8948-bdd5294c035b","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Qatar Centre for Global Banking & Finance Annual Conference 2023"},{"date":{"from":"2023-04-12T10:00:00","to":"2023-04-12T11:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fus02web.zoom.us\u002Fwebinar\u002Fregister\u002FWN_jBer6Y3oQIyg9Nr88vDhMw#\u002Fregistration","description":"Qatar Centre for Global Banking and Finance, webinar chaired by Professor David Aikman, it will discuss recent turmoil in the banking sector.","heroImage":null,"relatedNews":null,"title":"Perspectives on the banking turmoil: Panel discussion","type":[{"entryTitle":"Online","entryDescription":null,"entryThumbnail":null,"sys":{"id":"97592262-0e99-4e2e-b6bc-7de40898223e","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2257849","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k2257849","created":"2023-04-06T13:35:14.6562653Z","versionNo":"6.0","modified":"2023-04-11T10:17:55.9636323Z","modifiedBy":"k1812479","published":"2023-04-11T10:18:10.4355223Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b817482e-9af8-4aec-b7e1-a02123d2d8b6","projectId":"website","slug":"perspectives-on-the-banking-turmoil-panel-discussion","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EJointly organised by the Qatar Central Bank and the Qatar Centre for Global Banking and Finance and chaired by Professor David Aikman, this session will discuss recent turmoil in the banking sector.  \u003C\u002Fp\u003E\n\u003Cp\u003ESpeakers: Alastair Ryan (Bank of America), Riccardo Rebonato (Professor, EDHEC Business School) and Konstantinos Tsatsaronis (Independent expert, previously at Bank for International Settlements)\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"QCGBF Webinar (3)","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"QCGBF Webinar (3)","entryDescription":null,"sys":{"id":"20eea641-9049-4464-aaef-937b5fb2f534","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-webinar-3.x13a3446c.png?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,1,0","caption":"Webinar thumbnail ","asset":{"entryTitle":"Webinar background (Contensis)","entryDescription":null,"sys":{"id":"ba4e20df-4131-453d-a165-61090f0a1329","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fwebinar-background-contensis.x15d67c93.png?crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Qatar Centre for Global Banking and Finance, webinar chaired by Professor David Aikman, it will discuss recent turmoil in the banking sector.","contactEmail1":null,"richText":null,"room":null,"crmBookingForm":null,"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Event Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4b17a4a0-cda8-4a6e-a6bf-bb6e0a16a957","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":null,"entryTitle":"Perspectives on the banking turmoil: Panel discussion"},{"date":{"from":"2023-09-28T09:15:00","to":"2023-09-29T17:00:00"},"entryThumbnail":null,"regions":[],"link":"https:\u002F\u002Fwww.eventbrite.com\u002Fe\u002Fthe-research-handbook-of-macroprudential-policy-conference-tickets-680024330077","description":"This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past decade.","heroImage":null,"relatedNews":null,"title":"The Research Handbook of Macroprudential Policy Conference","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k1812479","created":"2023-07-17T14:05:19.8513319Z","versionNo":"9.0","modified":"2023-09-26T08:15:49.0204601Z","modifiedBy":"k2364112","published":"2023-09-26T08:16:07.5809824Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"79e80ea4-ed30-4c48-9211-37d131401b6c","projectId":"website","slug":"research-handbook-macroprudential-policy-conference-2023","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe purpose of this conference is to bring together leading academics and policymakers working in the area of macroprudential policy, with a view to both taking stock of the progress that has been made in building the policy framework over the past decade, while also identifying gaps and priority areas for further policy development and research.\u003C\u002Fp\u003E\n\u003Cp\u003EThe conference is organised by Professor Prasanna Gai (University of Auckland) and Professor David Aikman (King’s Business School).\u003C\u002Fp\u003E\n\u003Cp\u003EWe will be publishing the proceedings of the event in a new \u003Cem\u003EResearch Handbook of Macroprudential Policy\u003C\u002Fem\u003E, to be published by Elgar. Sir Paul Tucker has agreed to write a foreword for the book.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch2\u003EDay 1 Agenda\u003C\u002Fh2\u003E\n\u003Ctable style=\"border-collapse: collapse; width: 99.9572%;\" border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E9.15 - 9.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003EWelcome address from Professor Prasanna Gai and Professor David Aikman\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E9.30 - 10.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EKeynote address\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAtif Mian (Princeton University)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E10.30 - 11.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E11.00 - 12.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EThe objectives of macroprudential policy\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ENina Boyarchenko (New York Federal Reserve) “GDP-at-Risk”\u003C\u002Fp\u003E\n\u003Cp\u003ERichard Barwell (BNP-Paribas) “The macroprudential loss function”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E12.00 - 13.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E13.00 - 15.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EExperience from using macroprudential tools I\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EFergal McCann (Central Bank of Ireland) “The effects of mortgage debt limits”\u003C\u002Fp\u003E\n\u003Cp\u003EJohn Muellbauer (University of Oxford) “Macroprudential policy and house prices”\u003C\u002Fp\u003E\n\u003Cp\u003EMathias Drehmann (BIS), Mikael Juselius (Bank of Finland) “Debt service ratios and debt sustainability”\u003C\u002Fp\u003E\n\u003Cp\u003ERyan Banerjee (BIS) “Governance of macroprudential housing tools”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.00 - 15.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.30 - 17.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EExperience from using macroprudential tools II\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EErlend Nier (IMF) “International experience of macroprudential tool efficacy”\u003C\u002Fp\u003E\n\u003Cp\u003EFrederic Malherbe (University College London) “Bank capital requirements”\u003C\u002Fp\u003E\n\u003Cp\u003EMargaret Davenport (King's College London), Tomasz Wieladek (T. Price Rowe), and Filipa Sa (King's College London) “Capital flow measures”\u003C\u002Fp\u003E\n\u003Cp\u003EKyeongtae Lee (Bank of Korea) \"Causes and Consequences of High Household Indebtedness: A Narrative Approach\"\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E\u003Cem\u003ESchedule subject to change.\u003C\u002Fem\u003E\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch2\u003EDay 2 Agenda\u003C\u002Fh2\u003E\n\u003Ctable style=\"border-collapse: collapse; width: 99.9572%;\" border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E9.00 - 10.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EKeynote address\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EStephen Cecchetti (Brandeis University)\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E10.00 - 10.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E10.30 - 12.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EAdvances in modelling macroprudential policy\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EKartik Anand and Philipp König (Bundesbank) “Bank runs and global games”\u003C\u002Fp\u003E\n\u003Cp\u003EDaisuke Ikeda (Bank of Japan) “Macroprudential policy in dynamic general equilibrium”\u003C\u002Fp\u003E\n\u003Cp\u003EGrzegorz Halaj (European Central Bank) “Stress testing models”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E12.00 - 13.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E13.00 - 15.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EFrontier issues I\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EGuillaume Plantin (University of Toulouse) “Macroprudential policy and shadow banking”\u003C\u002Fp\u003E\n\u003Cp\u003EPippa Lowe, Rachele Negro and Quynh-Anh Vo (Bank of England) “Non-bank financial institutions: mapping the landscope and its fault-lines”\u003C\u002Fp\u003E\n\u003Cp\u003EMargherita Giuzio , Sujit Kapadia , Christoph Kaufmann , Manuela Storz and Christian Weistroffer (European Central Bank) “Macroprudential policy, monetary policy and non-bank financial intermediation”\u003C\u002Fp\u003E\n\u003Cp\u003ENathan Foley-Fisher and Stefan Verani (Federal Reserve board) “US life insurers and systemic risk”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.00 - 15.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E15.30 - 17.00\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E\n\u003Cp\u003E\u003Cstrong\u003EFrontier issues II\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EJing Yang (Bank of Canada) “Macroprudential policy and monetary policy”\u003C\u002Fp\u003E\n\u003Cp\u003EJose-Luis Peydro (Imperial College London) “The distributional effects of macroprudential policies\"\u003Cbr \u002F\u003E\u003Cbr \u002F\u003EToan Phan (Richmond Federal Reserve) “Financial Implications of Physical Climate Risks”\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003E17.00 - 17.30\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 49.9923%;\"\u003EClosing remarks from Professor Prasanna Gai and Professor David Aikman\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E\n\u003Cp\u003E\u003Cem\u003ESchedule subject to change.\u003C\u002Fem\u003E\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ch2\u003EKeynotes\u003C\u002Fh2\u003E\n\u003Cp\u003E\u003Cstrong\u003EProfessor Atif Mian (Princeton University)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fjrc.princeton.edu\u002Fpeople\u002Fatif-mian\"\u003EAtif Mian\u003C\u002Fa\u003E is John H Laporte, Jr Class of 1967 Professor of Economics, Public Policy and Finance at Princeton University. He studies the connections between finance and the macro economy. His book, \u003Cem\u003EHouse of Debt \u003C\u002Fem\u003E(co-authored with Amir Sufi) builds upon powerful new data to describe how debt precipitated the Great Recession, why debt continues to threaten the global economy and the policy implications of fixing the financial system.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EProfessor Stephen Cecchetti (Brandeis University)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.brandeis.edu\u002Ffacultyguide\u002Fperson.html?emplid=f455723cd16360a2dcb19824bad9c94385f1dbfa\"\u003EStephen G Cecchetti \u003C\u002Fa\u003Eis the Rosen Chair in International Finance at the Brandeis International Business School. During his time at the Bank for International Settlements (2008-2013), Cecchetti participated in the Basel Committee on Banking Supervision and the Financial Stability Board post-crisis global regulatory reform initiatives to establish new international standards for ensuring financial stability.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":null,"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Filipa Sà","entryDescription":"Reader in Applied Economics","entryThumbnail":null,"sys":{"id":"38f1a29d-3c82-4f7e-97d8-8a275bb494a8","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Margaret Davenport","entryDescription":"Lecturer in Economics","entryThumbnail":null,"sys":{"id":"f2dbe3c2-44d0-40e9-aaa3-5a002bbd59fa","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}}],"image":{"altText":"Angled Image of the Bank of England","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"Angled Image of the Bank of England","entryDescription":null,"sys":{"id":"ac09111b-928d-4f8f-9db4-f26a5e7ebbf5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fangled-image-of-the-bank-of-england.x1fb3d9ad.png?crop=780,440,0,5"}}},"thumbnail":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"Angled Image of the Bank of England","entryDescription":null,"sys":{"id":"ac09111b-928d-4f8f-9db4-f26a5e7ebbf5","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fangled-image-of-the-bank-of-england.x1fb3d9ad.png?crop=780,440,0,5"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Economics","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c120e4d8-6318-4876-a18a-ee356943f7cb","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past decade.","contactEmail1":null,"richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"The Research Handbook of Macroprudential Policy Conference"},{"date":{"from":"2024-02-08T12:00:00","to":"2024-02-08T18:00:00"},"entryThumbnail":null,"regions":[],"link":null,"description":"In-person workshop on Climate Finance - open to all.","heroImage":null,"relatedNews":null,"title":"Climate Finance Workshop - 8 February 2024","type":[{"entryTitle":"Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"689a91ba-44f2-41ae-bc4d-f0058224278c","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2365585","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2365585","archived":null,"deleted":null,"createdBy":"k2365585","created":"2024-01-16T10:41:44.5496152Z","versionNo":"19.0","modified":"2024-02-06T09:36:17.3913591Z","modifiedBy":"k2365585","published":"2024-02-06T09:36:32.0284484Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"67d20c00-1d69-490a-b201-aad4a6cb51f5","projectId":"website","slug":"climate-finance-workshop-8-february-2024","properties":{}},"richText1":null,"content":[{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"text","value":"\u003Cp\u003EPlease join us for this workshop, which is being jointly organised by the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fresearch\u002Fqatar-centre-global-banking-finance\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EQatar Centre for Global Banking and Finance\u003C\u002Fem\u003E\u003C\u002Fa\u003E at \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\" target=\"_blank\" rel=\"noopener\"\u003EKing’s Business School\u003C\u002Fa\u003E, and the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fmathematics\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EDepartment of Mathematics\u003C\u002Fem\u003E\u003C\u002Fa\u003E, and the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Finformatics\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EDepartment of Informatics\u003C\u002Fem\u003E\u003C\u002Fa\u003E in the \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fnmes\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cem\u003EFaculty of Natural, Mathematical & Engineering Sciences\u003C\u002Fem\u003E\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003EThe workshop will be held in-person at the Science Gallery London and is open to all. Lunch will be served at 12.00 and the workshop will commence at 13.00.\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Ctable style=\"border-collapse: collapse; width: 100%;\" border=\"1\"\u003E\n\u003Ctbody\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E\u003Cstrong\u003ETime\u003C\u002Fstrong\u003E\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\u003Cstrong\u003ESession\u003C\u002Fstrong\u003E\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E12 - 1 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003ELunch\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E1 - 2 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EGreen Sentiment\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EMarie Brière, Amundi Asset Managemt + Université Libre de Bruxelles + Paris Dauphine PSL University\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003ETiming Matters: Dynamic Green Transition and Green Disclosure \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EJan Starmans, Stockholm School of Economics\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E2 - 3 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EUnlocking innovation for net zero: Constraints, enablers, and firm-level transition strategies \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EJonatan Pinkse, King's Business School - Centre for Sustainable Business\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDevelopments in the SLL market \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EEmily Farrimond, Baringa\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E3 - 3.30 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003ECoffee\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E3.30 - 4.30 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EEnergy markets, Renewables and Batteries \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EMohand Abdat, Verso Energy \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EMarkets, metals and melting points: extracting expectations of global warming from commodity market\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EJoseph Noss, King's Business School - Qatar Centre for Global Banking & Finance\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003Ctr\u003E\n\u003Ctd style=\"width: 26.6214%;\"\u003E4.30 - 6 PM\u003C\u002Ftd\u003E\n\u003Ctd style=\"width: 73.3786%;\"\u003E\n\u003Cp\u003EClimate Finance \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EHarry Boyd-Carpenter, European Bank for Reconstruction and Development (EBRD) \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe Emerging Endgame: The EU ETS on the Road Towards Climate Neutrality \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EMichael Pahle, Postdam Institute For Climate Impact Research \u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EDriving the energy transition to decarbonise\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cem\u003EPaul Butterworth, CRU Group\u003C\u002Fem\u003E\u003C\u002Fp\u003E\n\u003C\u002Ftd\u003E\n\u003C\u002Ftr\u003E\n\u003C\u002Ftbody\u003E\n\u003C\u002Ftable\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jonatan Pinkse","entryDescription":"Research Director, Centre for Sustainable Business ","entryThumbnail":null,"sys":{"id":"301ac28c-4719-4e75-a8d1-066f7deb7ea2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Informatics","entryDescription":"informatics","entryThumbnail":null,"sys":{"id":"8e2180f6-affe-461e-a481-6a99209559a6","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Mathematics","entryDescription":"mathematics","entryThumbnail":null,"sys":{"id":"45ab5da6-f693-4a37-8020-cea6a46b5e11","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Climate & Sustainability","entryDescription":"climate-sustainability","entryThumbnail":null,"sys":{"id":"f12d5c1d-6a55-4dc6-a175-c613676f350b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Research Group","entryDescription":"The Climate Finance Group is a collaboration between the Qatar Centre for Global Banking & Finance and the Departments of Mathematics and Informatics at King's.","entryThumbnail":{"altText":"","caption":"","transformations":"w=782&h=440&crop=780,440,1,0","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"sys":{"id":"a655458f-b89a-4be9-8731-b2236600f6d4","language":"en-GB","contentTypeId":"researchProject","dataFormat":"entry","uri":null}}],"image":{"altText":"Climate finance group qcgbf","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"thumbnail":{"altText":"","transformations":"w=782&h=440&crop=780,440,1,0","caption":"","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"In-person workshop on Climate Finance - open to all.","contactEmail1":"kbseventsteam@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":{"entryTitle":"Climate Finance Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0fdf0290-f471-4835-9756-632d6a85a965","language":"en-GB","contentTypeId":"crmForm","dataFormat":"entry","uri":null}},"series":{"entryTitle":"Qatar Centre for Global Banking & Finance Event Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4b17a4a0-cda8-4a6e-a6bf-bb6e0a16a957","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":{"entryTitle":"Science Gallery London","entryDescription":"Science Gallery London connects art, science and health to drive innovation in the heart of the city.","entryThumbnail":null,"sys":{"id":"2b2ccf20-d509-4dbd-a0b8-3b28fa584d83","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Climate Finance Workshop - 8 February 2024"},{"date":{"from":"2023-12-06T11:30:00","to":"2023-12-06T12:30:00"},"entryThumbnail":null,"regions":[{"entryTitle":"Middle East","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b26ff95a-77e0-4abb-9d97-dac2ca15c0eb","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"link":"https:\u002F\u002Fwww.cop-28.org\u002Fccl-roundtables-1\u002Fmobilize-capital-invest-decarbonization-technologies-towards-net-zero","description":"This roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets","heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"COP28","entryDescription":null,"sys":{"id":"7ba0d2c0-07e1-4bce-b16c-8509e27b4843","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002Fcop28.xd68b7a49.jpg"}}},"relatedNews":null,"title":"How to mobilize capital to invest in decarbonization technologies towards net zero","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1812479","archived":null,"deleted":null,"createdBy":"k1812479","created":"2024-01-23T12:12:40.9663733Z","versionNo":"2.0","modified":"2024-01-23T14:06:57.9623931Z","modifiedBy":"k1812479","published":"2024-01-23T14:07:15.9694233Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d5405017-4354-4546-be3b-be4e5845c87f","projectId":"website","slug":"how-to-mobilize-capital-to-invest-in-decarbonization-technologies-towards-net-zero","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E \u003Cstrong\u003ELocation: \u003C\u002Fstrong\u003EThe Climate Challenge Lab Room, the Climate Action Arena, Madinat Jumeirah Conference Centre, Dubai \u003C\u002Fp\u003E\n\u003Cp\u003EThis roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets, and will focus on transition finance including how to scale up the blended finance solutions required. There will be a particular focus on the relationship between the UK and Asia. The discussion will address how to leverage different forms of financing, barriers to overcome and the role of policy and regulation.\u003C\u002Fp\u003E\n\u003Cp\u003EThe discussion will be chaired by Prof. David Aikman, Director of the Qatar Centre for Global Banking & Finance at King’s College and confirmed speakers include: Dr Mukund Rajan, Chairperson of ECube Investment Advisors, Ecube India; Amit Puri, Global Head Sustainable Finance, Standard Chartered Bank; and Luanne Sieh, Chief Sustainability Officer, CIMB.\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"Panel Speaking at QCGBF Event at COP 28","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Panel Speaking at QCGBF Event at COP 28","entryDescription":null,"sys":{"id":"aa6b57bd-28bc-4e59-badc-80f55281c9a6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fpanel-speaking-at-qcgbf-event-at-cop-28.x23728eab.jpg?w=780&h=520&crop=780,440,0,40"}}},"thumbnail":{"altText":"","transformations":"w=780&h=520&crop=780,440,0,40","caption":"","asset":{"entryTitle":"Panel Speaking at QCGBF Event at COP 28","entryDescription":null,"sys":{"id":"aa6b57bd-28bc-4e59-badc-80f55281c9a6","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fpanel-speaking-at-qcgbf-event-at-cop-28.x23728eab.jpg?w=780&h=520&crop=780,440,0,40"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"This roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"How to mobilize capital to invest in decarbonization technologies towards net zero"},{"date":{"from":"2024-02-29T18:00:00","to":"2024-02-29T21:30:00"},"entryThumbnail":null,"regions":[{"entryTitle":"Middle East","entryDescription":null,"entryThumbnail":null,"sys":{"id":"b26ff95a-77e0-4abb-9d97-dac2ca15c0eb","language":"en-GB","contentTypeId":"region","dataFormat":"entry","uri":null}}],"link":"https:\u002F\u002Fwww.eventbrite.co.uk\u002Fe\u002Fthe-great-debate-the-role-of-central-banks-in-the-green-transition-tickets-827318621267?aff=oddtdtcreator","description":"Get ready for the ultimate battle of brains and innovation as six student teams go head-to-head in a high-stakes debate.","heroImage":null,"relatedNews":null,"title":"The Great Debate - The role of central banks in the green transition","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2364112","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2364112","archived":null,"deleted":null,"createdBy":"k2364112","created":"2024-03-06T10:16:19.2006644Z","versionNo":"4.0","modified":"2024-03-06T11:00:12.9023904Z","modifiedBy":"k2364112","published":"2024-03-06T11:00:28.317639Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"50974039-6e7c-499c-b448-99eaa5eddc7d","projectId":"website","slug":"the-great-debate-the-role-of-central-banks-in-the-green-transition","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E \u003Cstrong\u003ELocation: \u003C\u002Fstrong\u003EDe Vere Grand Connaught Rooms,\u003Cstrong\u003E \u003C\u002Fstrong\u003E61-65 Great Queens St, London, WC2B 5DA \u003C\u002Fp\u003E\n\u003Cp\u003EGet ready for an evening of intellectual rigor and innovation as six student teams go head-to-head in a high-stakes debate at the prestigious De Vere Grand Connaught Rooms.\u003C\u002Fp\u003E\n\u003Cp\u003EThis event will follow a ‘model UN’ format that will see teams role-playing as different financial bodies debating the role of central banks in the green transition.\u003C\u002Fp\u003E\n\u003Cp\u003ESponsored by the Qatar Centre for Global Banking & Finance, join us for an electrifying evening on February 29, 2024, as these students unleash their ingenious solutions to combat climate change and propel the green transition forward.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EJudging Panel\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ETheresa Lober (Head of Climate Project Team at Bank of England)\u003C\u002Fli\u003E\n\u003Cli\u003EProfessor Gulcin Ozkan (Professor of Finance, KBS)\u003C\u002Fli\u003E\n\u003Cli\u003EProfessor Luca Taschini (Chair of Climate Change Finance, University of Edinburgh)\u003C\u002Fli\u003E\n\u003Cli\u003EVioleta Fernández (Cabinet Member of Member of European Parliament, Eva Poptcheva)\u003C\u002Fli\u003E\n\u003Cli\u003EDavid Carlin - (Head of Climate Risk, United Nations Environment Programme Finance Initiative)\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EWith a panel of esteemed experts as judges, this promises to be a showdown you won't want to miss.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBut the excitement doesn't end there – following the debate, engage in an interactive networking session. This is your chance to connect with the participants, judges, alumni, fellow students, and staff present, fostering meaningful connections.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBe part of the action, network with like-minded peers, and witness the future leaders of sustainability in action.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EFood and drinks will be provided.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","language":"en-GB","contentTypeId":"researchProfile","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"globes","transformations":"w=780&h=499&crop=780,440,0,30","caption":"","asset":{"entryTitle":"globes","entryDescription":null,"sys":{"id":"3f0f3a2b-6c9f-4699-ba90-ae64fe8d65bc","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FAboutsection\u002Fglobes.x77ded0b6.jpg?w=780&h=499&crop=780,440,0,30"}}},"thumbnail":{"altText":"","transformations":"w=880&h=440&crop=780,440,50,0","caption":"","asset":{"entryTitle":"Great Debate","entryDescription":null,"sys":{"id":"c7ca496f-f8ce-4a2c-b613-894ef27068cb","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fgreat-debate.x6c8c5603.jpg?w=880&h=440&crop=780,440,50,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[{"type":"image","value":{"altText":"debate","transformations":null,"caption":"","asset":{"entryTitle":"debate","entryDescription":null,"sys":{"id":"1e70fdb2-8ad4-4eef-a71e-c8ba768d5031","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FKingsworldwide\u002Fdebate.x39e5c4ff.jpg"}}}}],"releaseDate":null,"topics":[{"entryTitle":"Banking & Finance","entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","entryThumbnail":null,"sys":{"id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Get ready for the ultimate battle of brains and innovation as six student teams go head-to-head in a high-stakes debate.","contactEmail1":"qcgbfevents@kcl.ac.uk","richText":null,"room":null,"crmBookingForm":null,"series":null,"cancelled":false,"location":null,"entryTitle":"The Great Debate - The role of central banks in the green transition"},{"date":{"from":"2024-11-25T08:15:00","to":"2024-11-25T17:30:00"},"entryThumbnail":null,"regions":[],"link":null,"description":"Bank of England Watchers' Conference 2024","heroImage":null,"relatedNews":null,"title":"Bank of England Watchers' Conference 2024","type":[{"entryTitle":"Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"76be3609-2e4d-481e-a775-1e091bb313ab","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2365585","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2258200","archived":null,"deleted":null,"createdBy":"k2365585","created":"2024-07-10T15:49:54.9836023Z","versionNo":"12.0","modified":"2024-11-22T17:36:48.0558819Z","modifiedBy":"k2258200","published":"2024-11-22T17:40:58.2088226Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"83e08cc8-244a-4e48-b70e-5daded360d85","projectId":"website","slug":"bank-of-england-watchers-conference-2024","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003EThe Bank of England Watchers’ conference is an annual event which seeks to bring together the diverse community of people who have an interest the work of the Bank of England – and central banking more broadly. Our attendees include prominent policymakers at the BoE, plus economists and Bank watchers from roles in academia, think tanks, financial markets, politics, and the media.\u003C\u002Fp\u003E\n\u003Cp\u003EThe event is organised by Dr Richard Barwell (BNP Paribas Asset Management), Professor David Aikman and Professor Paul Mizen (King's Business School).\u003C\u002Fp\u003E\n\u003Cp\u003EGet in touch: qcgbfevents@kcl.ac.uk\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EOn site registration will be available on the day of the event. \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"type":"text","value":"\u003Cp\u003E\u003Cstrong\u003EProgramme\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E8:15 - 8:50 Registration + coffee\u003C\u002Fp\u003E\n\u003Cp\u003E8:50 - 9:00 Welcome\u003C\u002Fp\u003E\n\u003Cp\u003E9:00 - 10:00 \u003Cstrong\u003EKeynote speech: Clare Lombardelli (Bank of England)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Francine Lacqua (Bloomberg)\u003C\u002Fp\u003E\n\u003Cp\u003E10:00 - 10:30 Coffee\u003C\u002Fp\u003E\n\u003Cp\u003E10:30 - 12:00 \u003Cstrong\u003EPanel 1: Inflation dynamics\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003EPanellists: Swati Dhingra (Bank of England), Ben Nabarro (Citi), Ricardo Reis (LSE)\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Claire Jones (FT)\u003C\u002Fp\u003E\n\u003Cp\u003E12:00 - 13:00 Lunch\u003C\u002Fp\u003E\n\u003Cp\u003E13:00 – 14:30 \u003Cstrong\u003EPanel 2: Liquidity risk in the financial system\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: Pablo Hernández de Cos (Banco de Espana), Victoria Ivashina (Havard Business School), Colin Teichholtz (Formerly Element Capital and Treasury Borrowing Advisory Committee)\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Richard Berner (NYU)\u003C\u002Fp\u003E\n\u003Cp\u003E14:30 – 15:00 Coffee\u003C\u002Fp\u003E\n\u003Cp\u003E15:00 – 16:30\u003Cstrong\u003E Panel 3:  Reactions to the Bernanke Review\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EPanellists: Charles Bean (LSE), Petra Geraats (Cambridge), Gertjan Vlieghe (Millenium)\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Chris Giles (FT)\u003C\u002Fp\u003E\n\u003Cp\u003E16:30 – 17:30 \u003Cstrong\u003EKeynote speech: Philip Lane (ECB)\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EChair: Stephen Cecchetti (Brandeis) \u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"Bank of england","transformations":null,"caption":"","asset":{"entryTitle":"Bank of england","entryDescription":null,"sys":{"id":"27a248b5-318a-418f-aecf-0a9be40bc187","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002FBank-of-england.x04725666.jpg"}}},"thumbnail":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"Bank of england","entryDescription":null,"sys":{"id":"27a248b5-318a-418f-aecf-0a9be40bc187","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fsspp\u002Fpolicy-institute\u002Fnews\u002FBank-of-england.x04725666.jpg"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Bank of England Watchers' Conference 2024","contactEmail1":"kbseventsteam@kcl.ac.uk","richText":null,"room":"2nd floor","crmBookingForm":{"entryTitle":"Bank of England Watchers' Conference 2024","entryDescription":null,"entryThumbnail":null,"sys":{"id":"c0dfaf4e-2cba-4f57-86de-92fbe1342389","language":"en-GB","contentTypeId":"crmForm","dataFormat":"entry","uri":null}},"series":{"entryTitle":"Bank of England Watchers' Conference","entryDescription":null,"entryThumbnail":null,"sys":{"id":"0905c688-884c-4452-b100-a046710f3286","language":"en-GB","contentTypeId":"eventSeries","dataFormat":"entry","uri":null}},"cancelled":false,"location":{"entryTitle":"155 Bishopsgate","entryDescription":null,"entryThumbnail":null,"sys":{"id":"bc486d12-39c4-40b5-949f-2468a9fc78c1","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Bank of England Watchers' Conference 2024"},{"date":{"from":"2024-10-30T18:00:00","to":"2024-10-30T22:00:00"},"entryThumbnail":null,"regions":[],"link":null,"description":"Accelerating Transition: Climate Finance Policies to Prioritise in the First 100 Days","heroImage":null,"relatedNews":null,"title":"Accelerating transition: climate finance policies for Labour to prioritise now","type":[{"entryTitle":"Workshop","entryDescription":null,"entryThumbnail":null,"sys":{"id":"689a91ba-44f2-41ae-bc4d-f0058224278c","language":"en-GB","contentTypeId":"eventTypes","dataFormat":"entry","uri":null}}],"sys":{"owner":"k2258200","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"events","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2365585","archived":null,"deleted":null,"createdBy":"k2258200","created":"2024-09-26T09:09:26.0228362Z","versionNo":"7.0","modified":"2024-10-22T08:32:21.5679061Z","modifiedBy":"k2365585","published":"2024-10-22T08:32:25.0054604Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"3fa6cb95-b9b5-4281-948c-677f014aad13","projectId":"website","slug":"accelerating-transition-climate-finance-policies-to-prioritise-in-the-first-100-days","properties":{}},"richText1":null,"content":[{"type":"text","value":"\u003Cp\u003E \u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ETo register on mobile devices, please scroll to the bottom of this page.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe new Labour government has made turning Britain into a clean energy superpower one of its five key missions – but how questions remain over how to finance this transformation.\u003C\u002Fp\u003E\n\u003Cp\u003EThere is a need for policy initiatives that can shift the dial in mobilising investment at scale and which the government can implement today, within its first 100 days in power, in order to accelerate the UK’s transition to net zero.\u003C\u002Fp\u003E\n\u003Cp\u003EJoin the King’s Business School and the Policy Institute as we discuss potential ways forward with policymakers, academics, industry practitioners, and other leading climate finance thought-leaders.\u003C\u002Fp\u003E\n\u003Cp\u003EThe discussion will draw on contributions to a new \u003Ca title=\"Original URL: https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fresearch-papers\u002Faccelerating-transition.pdf. Click or tap if you trust this link.\" href=\"https:\u002F\u002Feur03.safelinks.protection.outlook.com\u002F?url=https%3A%2F%2Fwww.kcl.ac.uk%2Fbusiness%2Fassets%2Fpdf%2Fresearch-papers%2Faccelerating-transition.pdf&data=05%7C02%7Cdeborah.williams%40kcl.ac.uk%7C78b861ba835940809bae08dce38495a3%7C8370cf1416f34c16b83c724071654356%7C0%7C0%7C638635405783512903%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=C7ZTt2u3vhqv96Cyv9p7FK01sDC%2BUeR9NNnPFiPQA5M%3D&reserved=0\" data-linkindex=\"1\" data-auth=\"Verified\"\u003Ee-book published by KBS\u003C\u002Fa\u003E, which features proposals from 40 leading experts, and focus on three areas: maximising the impact of the National Wealth Fund, setting priorities for GB Energy, and determining next steps for sustainability disclosure requirements.\u003C\u002Fp\u003E\n\u003Cp\u003EFor each area, speakers will deliver short “elevator pitch” presentations of their ideas, followed by reflections from panellists and the audience, with a view to refining the proposals and anticipating obstacles to their implementation.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ESpeakers:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ENick Butler, Visiting Professor, The Policy Institute at King's College London\u003C\u002Fli\u003E\n\u003Cli\u003ERichard Barker, Board Member, IFRS Foundation\u003C\u002Fli\u003E\n\u003Cli\u003EAlex Michie, Head of Secretariat, Glasgow Financial Alliance for Net Zero (GFANZ)\u003C\u002Fli\u003E\n\u003Cli\u003ECatherine Bremner, Chief Strategy Officer, Impax\u003C\u002Fli\u003E\n\u003Cli\u003EDavid Carlin, Former Head of Climate Risk, United Nations Environment Programme Finance Initiative (UNEP-FI)\u003C\u002Fli\u003E\n\u003Cli\u003EProfessor Luca Taschini, Professor of Environmental Economics, University of Edinburgh\u003C\u002Fli\u003E\n\u003Cli\u003EDr. Marc Lepere, Lead in ESG & Sustainability, Executive Education, King's Business School\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"}],"isOpenDay":false,"studySubjectAreas":[],"intranet":false,"relatedCourses":[],"gtmDataLayer":{"audience":null,"levelOfStudy":null,"subjectArea":null,"department":null,"priority":null,"contentType":null,"faculty":null},"relatedPeople":[{"entryTitle":"Nick Butler","entryDescription":"Visiting Professor","entryThumbnail":null,"sys":{"id":"0797e612-5c88-435b-8b4c-025ad5937055","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Marc Lepere","entryDescription":"Lead in ESG & Sustainability ","entryThumbnail":null,"sys":{"id":"71109fd2-c4cf-4e08-9f58-0c7b1c1f8c6c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"facultiesAndDepartments":[{"entryTitle":"Climate Finance Research Group","entryDescription":"The Climate Finance Group is a collaboration between the Qatar Centre for Global Banking & Finance and the Departments of Mathematics and Informatics at King's.","entryThumbnail":{"altText":"","caption":"","transformations":"w=782&h=440&crop=780,440,1,0","asset":{"entryTitle":"Climate finance group qcgbf","entryDescription":null,"sys":{"id":"a79cdbba-6f00-4bb4-befd-b3bcb2ccd2b4","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fclimate-finance-group-qcgbf.x1b57382a.png?w=782&h=440&crop=780,440,1,0"}}},"sys":{"id":"a655458f-b89a-4be9-8731-b2236600f6d4","language":"en-GB","contentTypeId":"researchProject","dataFormat":"entry","uri":null}},{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"The Policy Institute","entryDescription":"policy-institute","entryThumbnail":null,"sys":{"id":"3631fc5d-39c8-42b7-997c-5adc780c968e","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"image":{"altText":"solar panels in a field","transformations":"w=783&h=440&crop=780,440,2,0","caption":"","asset":{"entryTitle":"anders-j- solar panels -unsplash","entryDescription":null,"sys":{"id":"1ec95f70-ff67-4fc5-b9f2-3118e72d6950","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fanders-j-solar-panels-unsplash.x50463902.jpg?w=783&h=440&crop=780,440,2,0"}}},"thumbnail":{"altText":"","transformations":"w=783&h=440&crop=780,440,2,0","caption":"","asset":{"entryTitle":"anders-j- solar panels -unsplash","entryDescription":null,"sys":{"id":"1ec95f70-ff67-4fc5-b9f2-3118e72d6950","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fanders-j-solar-panels-unsplash.x50463902.jpg?w=783&h=440&crop=780,440,2,0"}}},"contactTelephone":null,"languages":[],"retrospectiveContent":[],"releaseDate":null,"topics":[{"entryTitle":"Business","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f852fe2b-b077-4575-aee9-3f250cc0ef64","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"hideOriginalDetals":false,"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":"Accelerating Transition: Climate Finance Policies to Prioritise in the First 100 Days","contactEmail1":"kbseventsteam@kcl.ac.uk","richText":null,"room":"8th Floor (North)","crmBookingForm":{"entryTitle":"Accelerating Transition: Climate Finance Policies","entryDescription":null,"entryThumbnail":null,"sys":{"id":"acd78fe9-186d-4834-a4a5-b67cd859ff14","language":"en-GB","contentTypeId":"crmForm","dataFormat":"entry","uri":null}},"series":null,"cancelled":false,"location":{"entryTitle":"Bush House","entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","entryThumbnail":null,"sys":{"id":"f830c5e3-ef00-4387-8948-bdd5294c035b","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"entryTitle":"Accelerating transition: climate finance policies for Labour to prioritise now"}],"override":null,"subjectAreas":[{"summary":null,"gtm":null,"thumbnail":null,"entryDescription":"TO BE RE-CATEGORISED: NO-LONGER USE","heroImage":null,"teaching":true,"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"topics","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k0960388","created":"2019-01-07T14:56:18.9509668Z","versionNo":"3.0","modified":"2019-11-06T14:31:48.0550703Z","modifiedBy":"k1075632","published":"2019-11-06T14:31:49.1957335Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"4ce6dc76-1717-4b77-9b29-907e51cc2727","projectId":"website","slug":"banking","properties":{}},"title":"Banking & Finance","categories":[{"entryTitle":"Business & Finance","entryDescription":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"shortName":null,"entryTitle":"Banking & Finance","status":"TO BE RE-CATEGORISED: NO-LONGER USE"}],"researchInterests":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"entryTitle":"banking and finance 3","entryDescription":null,"sys":{"id":"0979d982-de6d-49ec-93d7-bbfbfc794a1f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-3.x3304abe1.jpg"}}},"searchTerm":"business-and-finance","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"business_hero-1903x558","entryDescription":null,"sys":{"id":"01b48744-33ee-4adc-8d1d-dfc55527befd","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fbusiness-hero-1903x558.x03d660e2.jpg"}}},"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1466286","created":"2018-01-24T13:31:15.1856338Z","versionNo":"4.0","modified":"2019-10-25T15:23:50.4131795Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:51.3194433Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","projectId":"website","slug":"business-finance-1","properties":{}},"title":"Business & Finance","entryTitle":"Business & Finance","research":true}],"sabbatical":null,"image":null,"relatedFeatures":[],"languages":[],"orgUnits":[{"entryThumbnail":null,"regions":[],"twitterURL":"kingsbschool","researchAreas":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"description":"\u003Cp\u003ESince 1989, King’s Business School has grown into a leading management institution – and one of the largest in London. We’ve appeared in the top 10 for business and management studies three years in a row.  We’re a friendly, diverse community committed to the highest quality teaching and research. People from over 80 countries come here to study with us, and we’re proud of the varied perspectives they bring to our School.\u003C\u002Fp\u003E","sys":{"owner":"k1075632","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k1075632","created":"2018-01-17T09:33:12.0829017Z","versionNo":"19.0","modified":"2024-01-26T14:09:36.1608436Z","modifiedBy":"k0960388","published":"2024-01-26T14:09:50.3985194Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","projectId":"website","slug":"kings-business-school-1","properties":{}},"type":"Faculty","metaDescription":null,"facebookURL":"KingsBusinessSchool ","navigation":[],"systemName":"business","multitiered":false,"parentUnits":[],"youTube":"channel\u002FUCF4ghjPVZ7rTe9u2BAr-NHw","subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"w=780&h=519&crop=780,440,0,40","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"670b4190-b2f4-4585-a6e3-fe053ca0e1b3","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house800x532.xf746c36d.jpg?w=780&h=519&crop=780,440,0,40"}}},"externalURL":null,"gtm":null,"linkedInURL":"school\u002Fkings-business-school\u002F","orgUnits":[],"entryDescription":"business","transition":false,"the":false,"colour":{"entryTitle":"Pebble","entryDescription":null,"entryThumbnail":null,"sys":{"id":"8d832113-ce53-404f-9228-3cad3c917410","language":"en-GB","contentTypeId":"colours","dataFormat":"entry","uri":null}},"facultyTaxonomy":{"path":"Root\u002FStructuredContent\u002FCourseData\u002FSchool\u002FKing's Business School","key":"0\u002F1\u002F2450\u002F2453\u002F4742","hasChildren":false,"name":"King's Business School","children":[]},"name":"King’s Business School","departmentTaxonomy":null,"locations":[],"instagramURL":"kingsbschool","shortName":"Business","linkedResearchGroup":[],"inititals":"KBS","entryTitle":"King’s Business School","parents":null},{"entryThumbnail":null,"regions":[],"twitterURL":null,"researchAreas":[],"description":null,"sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"orgUnit","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1770205","archived":null,"deleted":null,"createdBy":"k0960388","created":"2019-06-10T14:40:37.8337062Z","versionNo":"3.0","modified":"2023-09-15T13:50:21.3849068Z","modifiedBy":"k1770205","published":"2023-09-15T13:50:30.6339885Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"9a2deeff-9d07-427f-9ee4-e8e3bf68c8de","projectId":"website","slug":"banking-finance-group","properties":{}},"type":"Research Group","metaDescription":null,"facebookURL":null,"navigation":[],"systemName":"banking-finance","multitiered":false,"parentUnits":[],"youTube":null,"subjectAreas":[],"thumbnailImage":{"altText":"","transformations":"crop=780,440,0,5","caption":"","asset":{"entryTitle":"NEV-main-london-city-skyline","entryDescription":null,"sys":{"id":"96976503-cce3-49d5-8ac3-916856fc3351","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fmain\u002FNEV-main-london-city-skyline.xdfe8f65b.jpg?crop=780,440,0,5"}}},"externalURL":"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fdepartments\u002Fbanking-finance.aspx","gtm":null,"linkedInURL":null,"orgUnits":[],"entryDescription":"banking-finance","transition":false,"the":false,"colour":null,"facultyTaxonomy":null,"name":"Banking & Finance","departmentTaxonomy":null,"locations":[],"instagramURL":null,"shortName":"Banking & Finance","linkedResearchGroup":[],"inititals":null,"entryTitle":"Banking & Finance","parents":{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}},{"twitterurL":null,"entryThumbnail":null,"regions":[],"groupLeads":[{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Rhys Michael Bidder","entryDescription":"Deputy Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"516a3cab-f5b4-4035-95b7-93d9a149230e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"about":[{"type":"markup","value":"\u003Cp\u003EThe Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policy making, ranging from monetary policy to financial stability and regulation.\u003C\u002Fp\u003E"},{"type":"kalturaVideo","value":{"videoDescription":null,"videoTitle":null,"kalturaLink":"https:\u002F\u002Fmedia.kcl.ac.uk\u002Fmedia\u002FAbout+the+Qatar+Centre+for+Global+Banking+and+Finance\u002F1_7i6x7ucr"}}],"customLogo":null,"description":"The Qatar Centre for Global Banking & Finance is a research centre dedicated to the study of central banks and the challenges they face in the global environment. It aims to develop cutting-edge research in all areas of central bank policy making, ranging from monetary policy to financial stability and regulation.","partnersText":null,"relatedNews":[{"entryTitle":"Keynote lecture: Challenges to Financial Stability Policy Lab","entryDescription":"Professor Iftekhar Hasan delivers keynote lecture on Fintech and Monetary Policy Transmission","entryThumbnail":null,"sys":{"id":"e9f009b1-146e-4027-acef-e0e0f0b3a962","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Monetary policy and financial stability","entryDescription":"The capacity and limits of central banks’ monetary policy tools in providing further stimulus to the economy will be tested in the days and months to come. ","entryThumbnail":null,"sys":{"id":"40d169ea-39ac-4594-983a-9c830c773721","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Fintech: Friend or Foe?","entryDescription":"Our 11 March Policy Lab included a panel discussion drawing together expertise from regulators, fintech providers and private sector banks.","entryThumbnail":null,"sys":{"id":"ffd6c42f-1cf8-4095-af5f-5be4e0ebe647","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Macroeconomic models in the Covid-19 crisis","entryDescription":"One of the crucial challenges facing epidemiologists and economists studying the evolution of the contagion and its economic effects is the lack of reliable data on the prevalence of the virus in the population.","entryThumbnail":null,"sys":{"id":"c78eff6e-bc59-4ebb-968b-b363be7d7699","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Role of macroprudential policy in the Covid crisis","entryDescription":"If a relaxation in regulatory capital requirements is ever likely to be effective, it is now.","entryThumbnail":null,"sys":{"id":"69e0235f-2862-4d94-8c04-9ac9bf58f742","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Do central bank stress tests encompass the Covid crisis?","entryDescription":"In Donald Rumsfeld’s famous taxonomy, the Covid crisis is best thought of as a “known unknown” for financial stability.","entryThumbnail":null,"sys":{"id":"98934154-b146-401d-a834-196f19a240bd","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"New COVID-19 relating forecasting tool for central banks","entryDescription":"New approach and COVID-19 case forecasts to help central banks with pandemic-related economic forecasting.","entryThumbnail":null,"sys":{"id":"09b86df7-24f5-4c23-ac94-a01aecaf51be","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Bank of England macroprudential specialist to head Qatar Centre for Global Banking and Finance","entryDescription":"David Aikman joins new centre at King's Business School","entryThumbnail":null,"sys":{"id":"43efe1eb-0c53-4ad5-9379-8da2c5014a03","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Women in Central Banking: International Women's Day Podcast Episode","entryDescription":"The Qatar Centre for Global Banking and Finance proudly presents this International Women's Day episode on 'Women in Central Banking' for the Connections Podcast from King's Business School.","entryThumbnail":null,"sys":{"id":"552ceb7c-7a5f-49b5-8690-1a7a668f8e68","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2021","entryDescription":"Congratulations to the winners of the 2021 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance. ","entryThumbnail":null,"sys":{"id":"202ceab5-10a4-4630-9ee6-6c7066c2e18f","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"The Macroprudential Approach: Policy, Supervision or Regulation?","entryDescription":"The 2007-09 global financial crisis challenged many pre-existing conceptions about systemic risk, including the ‘composition fallacy’[1] which assumed that if individual entities were robust and subject to adequate micro-prudential supervision, then the whole system would be resilient.","entryThumbnail":null,"sys":{"id":"0569a0ed-7f50-4c1d-b180-8ee1d7285ee9","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"The Financial Policy Committee and the Housing Market","entryDescription":"The Financial Policy Committee (FPC) views the housing market through the particular lens of financial stability, as its remit largely dictates. There is a risk that the consequent policy stance will increasingly rub up against other Government policies (such as increasing the rate of home-ownership, or some interpretations of the levelling-up agenda).","entryThumbnail":null,"sys":{"id":"6d1413a8-4e76-4b0c-ba93-d19bd9be1f4a","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"How has the Financial Policy Committee's objective changed since its inception?","entryDescription":"In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the Exchequer’s annual “remit and recommendations” letter. Our focus is on what impact has there been on the relative balance between promoting resilience and stability versus pursuing other government policy objectives, including promoting financial innovation, the role of the City of London and so on.","entryThumbnail":null,"sys":{"id":"34eaa862-b79d-4345-be54-d1c384125b05","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's Climate Energy Governance & Finance Group's first workshop","entryDescription":"Dr Timothy Foreman provides a summary of the first Climate Energy Governance & Finance workshop, organised jointly by the Qatar Centre for Global Banking & Finance and the Climate Law and Governance Centre at King's. The workshop aimed to promote interdisciplinary discussions and collaborations on climate risks and energy transitions from a financial and regulatory perspective.","entryThumbnail":null,"sys":{"id":"3cb377b2-d850-476e-ae12-abcc7f26b193","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"The objectives of macroprudential mortgage measures: an exploration","entryDescription":"In a report prepared for the Central Bank of Ireland, Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance, discusses the economic impact of mortgage rules.","entryThumbnail":null,"sys":{"id":"554ea83c-ad00-45ca-8246-a41510a50e5c","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Spring School in Monetary & Financial Policy Analysis","entryDescription":"The global economy is undergoing profound change, from the impact of climate change to the growth of digital currencies. At the same time, we are seeing rapid advances in tools for understanding the economy, particularly new data analytics.","entryThumbnail":null,"sys":{"id":"97182100-e227-4c53-84e8-71de40597c7a","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Supporting the Turkish Lira: Assessing the controversial experiment of the Turkish central bank","entryDescription":"QCGBF Visting Research Fellow, Coskun Tarkocin writes on Turkey’s controversial experiment to support the Lira.","entryThumbnail":null,"sys":{"id":"86689a2a-107f-4140-95ed-565394e77be2","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2022","entryDescription":"The Young Economist prize will be awarded to the best paper submitted on the conference topic.","entryThumbnail":null,"sys":{"id":"7cb34e56-96e1-4541-906d-157660aa666d","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Sovereign green bonds: What role can they play in the transition to net zero?","entryDescription":"In March, the Qatar Centre of Global Banking & Finance and the Climate Law and Governance Centre at King’s convened a policy forum of experts to discuss the role that sovereign green bonds can play in the transition to net zero. In this blog, we summarise some of the main points from this discussion.","entryThumbnail":null,"sys":{"id":"a96b6f22-edd5-49a3-99cf-f28201503e44","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2022 Winners","entryDescription":"Congratulations to the winners of the 2022 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"sys":{"id":"00b8b669-e2fc-44d5-98cf-b6ac23885a04","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Pre-doctoral Success Story: Aditya Polisetty","entryDescription":"Find out more about the pre-doctoral experience at the Qatar Centre for Global Banking and Finance","entryThumbnail":null,"sys":{"id":"311d065a-e44a-460c-b97e-c46871dbc99b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"New research shows how companies could be gaming their reported greenhouse gas emissions","entryDescription":"Team make five policy recommendations to prevent gaming undermining effectiveness of climate finance","entryThumbnail":null,"sys":{"id":"8b4a6d12-fbaa-4c04-b8e7-0c8e99c53d51","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Bank of England's Andrew Hauser says technological change increases the risk of larger and faster deposit runs","entryDescription":"Senior Bank official speaks at Qatar Centre for Global Banking and Finance conference","entryThumbnail":null,"sys":{"id":"98e44b26-31b5-47f9-bff4-f6ef16f86a6f","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Metals, markets and melting points: deriving market expectations of global warming from commodities prices","entryDescription":"This blog extracts information on market participants’ beliefs as to the future extent of global warming from the prices of commodities. ","entryThumbnail":null,"sys":{"id":"675ad41a-b4da-4e96-9856-12663488b5e2","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Financial sector experts join King's event at COP28","entryDescription":"Experts from King’s hosted an event at COP28 in collaboration with the United Nations (UN), to examine the role of the financial services sector in the transition towards net zero emissions.","entryThumbnail":null,"sys":{"id":"0073f633-e5cf-4898-bfe3-3ed9e3254646","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's Business School students take on the role of the world's financial regulators in a first-of-its-kind debate","entryDescription":"Student teams role-played as different financial bodies to discuss the role of central banks in the green transition","entryThumbnail":null,"sys":{"id":"81f35285-15c0-4558-8d15-a6b8be11c1be","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"King's hosts its first Digital Money Symposium addressing the future of finance","entryDescription":"Industry leaders discussed blockchain technology, decentralised finance (DeFi), central bank digital currencies (CBDCs), stablecoins, and the impact of digitalisation on traditional banking systems.","entryThumbnail":null,"sys":{"id":"3383a09b-5ad8-472a-9444-68f60fa702ea","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Leading economists make recommendations to improve the UK's inflation forecasting","entryDescription":"Experts comment on the recent Bernanke Review into the Bank of England’s forecast process, highlighting five themes and offering recommendations","entryThumbnail":null,"sys":{"id":"19569768-a9c0-4a44-8f32-a79b5f0aadb0","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize Competition 2024","entryDescription":"Congratulations to the finalists of the 2024 Young Economist Prize Competition hosted by the Qatar Centre for Global Banking and Finance.","entryThumbnail":null,"sys":{"id":"6f92312b-67f6-4d3c-a260-0030eb35e09b","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"A climate finance policy playbook for the new UK government","entryDescription":"A higher Capital Gains Tax rate for heavy carbon emitters and streamlined listings rules for green companies are just two of the urgent policy recommendations put forward by experts from business, finance, international organisations and academia in a new e-book.","entryThumbnail":null,"sys":{"id":"8aec225f-18af-41d1-91ac-9cfae5dca7ed","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"Green gains and growing pains: a new measure of firms' exposure to climate transition","entryDescription":"This blog finds that there is little, if any, correlation between firms’ exposure to climate transition and their emissions.","entryThumbnail":null,"sys":{"id":"95109dc2-5f69-4425-94fb-ac9ce87c27a3","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"COMMENT: Halal Crypto: could blockchain be a boost for Shariah-compliant finance?","entryDescription":"With the global Muslim population exceeding 1.8 billion, and increased demand for investment opportunities aligned with religious principles and community ethics and values, the global Islamic finance market is set to amount to 6.67 trillion U.S. dollars by 2027. Yet the substantial opportunity that this represents in the cryptocurrency space is still largely unexplored. ","entryThumbnail":null,"sys":{"id":"8fdd6b2d-3b31-4e29-8563-e193516ca771","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"New research sets out three overlooked opportunities to fund net zero transition","entryDescription":"Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests.","entryThumbnail":null,"sys":{"id":"5c2b333c-7411-4cec-80ad-c2666c9e88f3","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}},{"entryTitle":"COMMENT: Privacy and Trust in Tokenised Money, and how I would design a CBDC","entryDescription":"Former Bank of England head of Fintech and Affiliate Member of the Qatar Centre for Global Banking & Finance, Varun Paul, spoke at Fintech LIVE in London. He discussed the evolution of digital currencies and explored how central banks and private institutions can design Central Bank Digital Currencies (CBDCs) that foster trust, financial resilience, and civil rights protection. Read his speech in full here.","entryThumbnail":null,"sys":{"id":"51f1b80c-374c-4852-8193-40b9b707e6f9","language":"en-GB","contentTypeId":"news","dataFormat":"entry","uri":null}}],"title":"Qatar Centre for Global Banking & Finance","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"researchProfile","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2371384","archived":null,"deleted":null,"createdBy":"k1812479","created":"2019-10-14T13:41:24.0382441Z","versionNo":"146.0","modified":"2024-11-20T09:56:33.0449622Z","modifiedBy":"k2371384","published":"2024-11-20T09:57:14.8631873Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"2c52b784-b4e7-40fb-a027-4b2669ed482a","projectId":"website","slug":"qatar-centre-global-banking-finance","properties":{}},"projectLinks":[],"bannerImage":{"altText":"The Doha skyline in Qatar, with traditional Islamic geometric art in yellow","transformations":null,"caption":"","asset":{"entryTitle":"QCBBanner","entryDescription":null,"sys":{"id":"8c15aaac-a277-48e2-b5d0-1f278d664e6d","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcbbanner.xa2736bfe.jpg"}}},"relatedEvents":[{"entryTitle":"Bank of England Watchers’ Conference 2023","entryDescription":"This annual conference brings together policymakers, market economists and leading academics to discuss current issues in monetary and financial stability policy with a deliberate focus on the UK. ","entryThumbnail":null,"sys":{"id":"eb9499e5-e6f0-452b-98c5-fb916e09e505","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance Annual Conference 2023","entryDescription":"The Qatar Centre for Global Banking & Finance at King’s Business School will host its 3rd annual conference in London on 6 & 7 July 2023.","entryThumbnail":null,"sys":{"id":"0a45c8fe-0904-43ca-99d4-a0be0ec4db71","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"How climate change impacts the economy, financial tools, and climate-compatible growth in Africa","entryDescription":"Join us for this seminar exploring how climate change impacts the economy, the financial tools at our disposal, and how to enable climate-compatible growth in Africa","entryThumbnail":null,"sys":{"id":"d1c09761-0d21-4845-8581-9456c0a6a2d4","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Future of the economic and monetary union","entryDescription":"Joachim Nagel, president of Deutsche Bundesbank, surveys the current economic landscape and prospects for growth.","entryThumbnail":null,"sys":{"id":"7e4c3466-44e5-4034-bb17-6eb634275124","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Workshop - 23 February 2023","entryDescription":"Join us for the next Climate Finance Workshop hosted by the Qatar Centre for Global Banking & Finance and the King’s Climate Hub.","entryThumbnail":null,"sys":{"id":"ff5434bc-8811-41b7-b84e-a7442a754e63","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"The Research Handbook of Macroprudential Policy Conference","entryDescription":"This conference brings leading academics and policymakers working in the area of macroprudential policy, reflecting on the policy framework over the past decade.","entryThumbnail":null,"sys":{"id":"79e80ea4-ed30-4c48-9211-37d131401b6c","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"How to mobilize capital to invest in decarbonization technologies towards net zero","entryDescription":"This roundtable aims to address how to raise the capital needed to invest in new technologies across industries towards net-zero targets","entryThumbnail":null,"sys":{"id":"d5405017-4354-4546-be3b-be4e5845c87f","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Climate Finance Workshop - 8 February 2024","entryDescription":"In-person workshop on Climate Finance - open to all.","entryThumbnail":null,"sys":{"id":"67d20c00-1d69-490a-b201-aad4a6cb51f5","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance Annual Conference 2024","entryDescription":"Expand your network by meeting top policymakers and researchers as experts from across the globe present and discuss new research on central banks, global economies, and financial systems","entryThumbnail":null,"sys":{"id":"b44cc00f-61ea-49f2-a4c3-aca4d99692af","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"The Great Debate - The role of central banks in the green transition","entryDescription":"Get ready for the ultimate battle of brains and innovation as six student teams go head-to-head in a high-stakes debate.","entryThumbnail":null,"sys":{"id":"50974039-6e7c-499c-b448-99eaa5eddc7d","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}},{"entryTitle":"Digital Money Symposium","entryDescription":"Event that focuses on the future of finance.","entryThumbnail":null,"sys":{"id":"4a15d486-0892-4f07-9e89-048d8a184bb2","language":"en-GB","contentTypeId":"events","dataFormat":"entry","uri":null}}],"categories":[{"entryTitle":"Business & Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","language":"en-GB","contentTypeId":"categories","dataFormat":"entry","uri":null}}],"publicationsText":"\u003Ch3\u003EWorking Papers Series\u003C\u002Fh3\u003E\n\u003Ch4\u003E2024\u003C\u002Fh4\u003E\n\u003Cp\u003EBlasberg. A, Kiesel.R, Taschini.L (2024) \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002F\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fblasberg-and-kiesel-and-taschini-2024-carbon-default-swap-disentangling-the-exposure-to-carbon-risk-through-cds-all-3.pdf\"\u003ECarbon Default Swap – Disentangling the Exposure to Carbon Risk Through CDS\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2024\u002F3\u003C\u002Fp\u003E\n\u003Cp\u003EGemayel. R (2024), \u003Ca href=\"https:\u002F\u002Fauthors.elsevier.com\u002Fa\u002F1iOVu3j1Yq2ucM\"\u003EHerding in the cryptocurrency market: A transaction-level analysis\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2024\u002F1\u003C\u002Fp\u003E\n\u003Cp\u003EBenmir.G, Roman.J, Taschini.L (2024), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fweitzman-meets-taylor-eu-allowances-futures-price-drivers-and-carbon-cap-rules.pdf\"\u003EWeitzman Meets Taylor: EU Allowances Futures Price Drivers and Carbon Cap Rules\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2024\u002F2\u003C\u002Fp\u003E\n\u003Ch4\u003E2023\u003C\u002Fh4\u003E\n\u003Cp\u003EBidder. R (2023), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fdebt-flexibility.pdf\"\u003EDebt Flexibility\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2023\u002F3\u003C\u002Fp\u003E\n\u003Cp\u003EBidder. R (2023), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fwhose-asset-sales-matter.pdf\"\u003EWhose asset sales matter?\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2023\u002F2\u003C\u002Fp\u003E\n\u003Cp\u003EWieladek, T. (2023) \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fdoes-qe-generate-more-inflation-than-conventional-monetary-policy.pdf\"\u003EDoes QE generate more information than conventional monetary policy?\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2023\u002F1\u003C\u002Fp\u003E\n\u003Ch4\u003E2022\u003C\u002Fh4\u003E\n\u003Cp\u003EBidder. R (2022), \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fwholesale-central-bank-digital-currency-a-survey-and-analysis-of-central-bank-pilot-exercises.pdf\"\u003EWholesale Central Bank Digital Currency: A survey and analysis of central bank pilot exercises\u003C\u002Fa\u003E. QCGBF Working Paper Series, No. 2022\u002F2\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, D., Drehmann, M., Juselius, M., and Xing, X. (2022) \u003Ca title=\"The scarring effects of deep contractions\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-scarring-effects-of-deep-contractions.pdf\"\u003EThe scarring effects of deep contractions\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2022\u002F1\u003C\u002Fp\u003E\n\u003Ch4\u003E2021\u003C\u002Fh4\u003E\n\u003Cp\u003EAikman, D. (2021) \u003Ca title=\"the-objectives-of-macroprudential-mortgages-measures-wp-version\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf\"\u003EThe objectives of macroprudential mortgage measures: an exploration\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2021\u002F2\u003C\u002Fp\u003E\n\u003Cp\u003EChronopoulos, I., Giraitis, L., and Kapetanios, G. (2021) \u003Ca title=\"choosing-between-persistent-and-stationary-volatility-working-paper1\" href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fchoosing-between-persistent-and-stationary-volatility-working-paper1.pdf\"\u003EChoosing between persistent and stationary volatility\u003C\u002Fa\u003E, QCGBF Working Paper Series, No. 2021\u002F1\u003C\u002Fp\u003E\n\u003Ch3\u003EBlog\u002FCommentary\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Ffinancial-stability-policy-what-issues-should-sarah-breeden-prioritise\u002F\"\u003EFinancial stability policy: What issues should Sarah Breeden prioritise?\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fdont-ask-dont-get-the-limits-of-the-fpcs-power-of-recommendation\u002F\"\u003EDon’t ask, Don’t get: the limits of the FPC’s power of recommendation\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthe-apparent-reluctance-to-use-resolution-powers-for-big-banks\u002F\"\u003EThe apparent reluctance to use resolution powers for big banks\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fa-pawnbroker-for-all-seasons-pfas-lessons-learned-from-the-failure-of-silicon-valley-bank\u002F\"\u003EThe pawnbroker for all seasons – an expensive and excessive solution to liquidity risk management in the banking system\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fmacroprudentialmatters.com\u002Fthree-sets-of-questions-for-the-fpc-ahead-of-its-july-fsr\u002F\"\u003EThree sets of questions for the FPC ahead of its July FSR\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003E\u003Cstrong\u003EMacroprudential Matters\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\n\u003Cp\u003EThis website, run by the Centre, contains blog articles by prominent thought-leaders on macroprudential policy and financial stability.\u003Ca href=\"http:\u002F\u002Fwww.macroprudentialmatters.com\"\u003E Read the articles on the Macroprudental Matters Blog.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Ch3\u003EAnnual Reports\u003C\u002Fh3\u003E\n\u003Cp\u003EView the annual reports from the Qatar Centre for Global Banking and Finance\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqatar-centre-for-global-banking-and-finance-2019-20-annual-report.pdf\"\u003EQatar Centre for Global Banking & Finance - Annual Report 2019-20\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fqcgbf-annual-report-2020-2021.pdf\"\u003EQatar Centre for Global Banking & Finance - Annual Report 2020-2021\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003Cli\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fqcgbf-annual-report-2021-2022.pdf\"\u003EQatar Centre for Global Banking & Finance - Annual Report 2021-2022\u003C\u002Fa\u003E\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E","contactUs":[{"type":"markup","value":"\u003Cp\u003EDavid Aikman, Director\u003C\u002Fp\u003E"},{"type":"email","value":"david.aikman@kcl.ac.uk"},{"type":"markup","value":"\u003Cp\u003ERhys Michael Bidder, Deputy Director\u003C\u002Fp\u003E"},{"type":"email","value":"rhys.m.bidder@kcl.ac.uk"},{"type":"markup","value":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002F4369923a71f2455aae0eb1379e742e28.svc.dynamics.com\u002Ft\u002Fformsandbox\u002F7CRpDPtDqhj8gHMzfTEm2_JXly64W4Sn_7KYO3i9Amo\u002F28b1baed-0380-ef11-ac21-000d3ab82526?ad=\"\u003EJoin our mailing list and stay updated on the latest events\u003C\u002Fa\u003E, news, and opportunities from the Qatar Centre for Global Banking & Finance.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Fqatar-centre-for-global-banking-and-finance\u002F\"\u003EFollow us on Linkedin to read the latest news and commentary\u003C\u002Fa\u003E from our researchers.\u003C\u002Fp\u003E"}],"orgUnits":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"projectsOrThemes":true,"topics":[{"entryTitle":"Banking","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2a1d374b-a03e-41b5-b151-d63419f0e402","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}},{"entryTitle":"Finance","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1885f93-5a2b-4093-819c-1b27691b8d97","language":"en-GB","contentTypeId":"topics","dataFormat":"entry","uri":null}}],"orgUnit":{"entryTitle":"Qatar Centre for Global Banking & Finance","entryDescription":"Global Banking & Finance","entryThumbnail":null,"sys":{"id":"23125a65-76d7-48c7-9eb5-dd7ef166fe5d","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},"searchOptions":{"includeInKCLSiteSearch":true,"includeInSitemap":true,"includeInKCLSiteListings":true},"entryDescription":null,"promoImage":{"altText":"","transformations":null,"caption":"","asset":{"entryTitle":"QCBPromo","entryDescription":null,"sys":{"id":"13f0e41e-ff9e-438d-b14b-15eb009df2e2","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fresearch-groups-centres-images\u002Fqcbpromo.xf861cb7f.jpg"}}},"partnersText1":null,"customTabTitle":"Publications Spotlight","customTabContent":[{"type":"markup","value":"\u003Ch3\u003EMonetary and financial stability initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“The scarring effects of deep contractions”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: David Aikman (King's College London), Mathias Drehmann (BIS), Mikael Juselius (Bank of Finland), Xiaochuan Xing (Yale University).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: Deep contractions have persistent scarring effects, depressing the level of GDP a decade hence. While scarring after financial crises is well known, it also occurred after energy price shocks and restrictive monetary policy of the 1970s and 1980s.\u003C\u002Fp\u003E\n\u003Cp\u003EFull paper available as \u003Ca href=\"https:\u002F\u002Fwww.bis.org\u002Fpubl\u002Fwork1043.htm\"\u003EBIS Working Paper No 1043\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fcepr.org\u002Fvoxeu\u002Fcolumns\u002Fsupply-shocks-monetary-%20policy-and-scarring\"\u003ESummary available on the VoxEU website\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“The objectives of macroprudential mortgage measures: an exploration”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: David Aikman (King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper, commissioned by the Central Bank of Ireland, studies the costs and benefits of macroprudential policies aimed at preventing build-ups in household mortgage debt. The paper outlines a potential approach for assessing these costs and benefits jointly, using the concept of “GDP-at-Risk”.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002Fpdf\u002Fqcgbf-working-papers\u002Fthe-objectives-of-macroprudential-mortgages-measures-wp-version.pdf\"\u003EFull paper available as a King's Business School Working Paper\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary published as a Central Bank of Ireland Financial Stability Note.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Heterogeneous beliefs and the Phillips Curve”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Roland Meeks (International Monetary Fund), Francesca Monti (King's College London and UCLouvain)\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper studies the macroeconomic implications of heterogeneity in agents’ inflation expectations.\u003C\u002Fp\u003E\n\u003Cp\u003EF\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fworking-paper\u002F2019\u002Fheterogeneous-beliefs-and-the-phillips-curve\"\u003Eull paper available as Bank of England Working Paper No 807\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“What are the macroeconomic effects of state-dependent forward guidance?”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Martin Weale (King's College London), Tomasz Wieladek (T Rowe Price and King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper examines the macroeconomic effects of the Bank of England’s state-dependent forward guidance monetary policy. It finds this policy had a modest effect, raising both GDP and CPI inflation, consistent with theory.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fcepr.org\u002Fpublications\u002Fdp17555\"\u003EFull paper available as CEPR Discussion Paper No 17555\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Macroprudential stress-test models: a survey”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: David Aikman (King's College London), Daniel Beale, Adam Brinley-Codd, Giovanni Covi, Anne‑Caroline Hüser (all Bank of England), Caterina Lepore (International Monetary Fund).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: We survey the rapidly developing literature on macroprudential stress testing models, including models of contagion between banks, between non‑bank financial institutions such as investment funds, and models that emphasise the two-way interaction between the financial sector and the real economy.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002Fworking-paper\u002F2023\u002Fmacroprudential-stress-test-models-a-survey\"\u003EFull paper available as BoE Staff Working Paper No 1037\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Ch3\u003EClimate finance initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Labour disutility in a warmer world: The impact of climate change on the global workforce”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Timothy Foreman (King's College London) and co-authors.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: \u003Ca href=\"https:\u002F\u002Fpapers.ssrn.com\u002Fsol3\u002Fpapers.cfm?abstract_id=4221478\"\u003EThis paper develops the first globally comprehensive estimates of worker disutility\u003C\u002Fa\u003E due to future temperature increases associated with climate change. Under a high emissions scenario, labour disutility increases by roughly 1.8% of global GDP by 2099, with especially large damages in today’s poor and\u002For hot locations while cold locations benefit.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Climate change, international migration, and interstate conflict”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Cristina Cattaneo (European Institute on Economics and the Environment), Timothy Foreman (King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: \u003Ca href=\"https:\u002F\u002Fwww.cream-migration.org\u002Fpubl_uploads\u002FCDP_09_21.pdf\"\u003EThis paper studies the role of climate stress\u003C\u002Fa\u003E in driving inter-state disputes, including via forced migration.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Inland flooding: Estimating damages and protection from insurance”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: Timothy Foreman (King's College London), Ana Varela Varela (Amsterdam School of Economics), Jason C Wong (Occidental College).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper combines data from flood duration, extension, and depth derived from NOAA’s National Water Model with flood insurance claims and policies, mortgage applications, and residents’ socioeconomic characteristics to analyse the economic impacts of inland flooding.\u003C\u002Fp\u003E\n\u003Cp\u003EPaper in preparation for journal submission.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Sustainable finance: The rise of the ‘E’ in ESG”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthors: David Aikman, Timothy Foreman, Robyn Klingler-Vidra, Karlygash Kuralbayeva (all King's College London), Chalmers (University of Edinburgh)\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper analyses over a thousand sustainable finance policy documents, from 2001-21. There has been in an increase in the prevalence of climate-related language in these documents, consistent with finance increasingly being seen as vital in achieving the UN SDGs and Paris Agreement goals.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.globalpolicyjournal.com\u002Fblog\u002F09\u002F02\u002F2023\u002Fsustainable-finance-rise-e-esg#:~:text=New%20research%20tracks%20the%20rise,policymakers%20are%20engaging%20with%20it.\"\u003EPaper published in \u003Cem\u003EGlobal Policy\u003C\u002Fem\u003E.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Ch3\u003EDigital assets initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Wholesale Central Bank Digital Currency: A survey and analysis of central bank pilot exercises”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Rhys Bidder (King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: \u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fqcgbf-working-papers\u002Fwholesale-central-bank-digital-currency-a-survey-and-analysis-of-central-bank-pilot-exercises.pdf\"\u003EThis report, commissioned by Qatar Central Bank (QCB), surveys the current state of knowledge in domestic wholesale Central Bank Digital Currency.\u003C\u002Fa\u003E It draws extensively on the results of pilot exercises run by central banks around the world.\u003C\u002Fp\u003E\n\u003Cp\u003EPaper delivered to QCB in January 2023.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Price Discovery between Bitcoin Spot Markets and Exchange Traded Products”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Roland Gemeyal (King's College) and co-authors.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper studies price discovery between Bitcoin exchange-traded products (ETPs) and spot markets on centralised cryptocurrency exchanges. It finds price discovery is dominated by the spot market, implying that ETP markets play a smaller role in the incorporation of new information about Bitcoin prices, and that informed investors largely prefer to trade on spot markets that operate round the clock.\u003C\u002Fp\u003E\n\u003Cp\u003EForthcoming in \u003Cem\u003EEconomic Letters\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Herding in the Cryptocurrency Market: A TransactionLevel Analysis”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Roland Gemayel (King's College London) and Alex Preda (Lingnan University)\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper analyses herding in the cryptocurrency market using a unique dataset of trader transactions. It finds herding is higher during bearish periods. It also finds evidence of intentional herding due to informational cascades in less liquid cryptocurrencies, where significant price movements may be interpreted as valuable information.\u003C\u002Fp\u003E\n\u003Cp\u003EForthcoming in \u003Cem\u003EJournal of International Financial Markets, Institutions & Money\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Chr \u002F\u003E\n\u003Ch3\u003EData analytics initiative\u003C\u002Fh3\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Making text count: Text analysis for central banking forecasts”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: Eleni Kalamara (King's College London), Arthur Turrell (Bank of England), Chris Redl (Bank of England), George Kapetanios (King's College London), Sujit Kapadia (Bank of England).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This project carried out in conjunction with the Bank of England provides new machine learning methods for using textual sources to improve central bank forecasting.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.bankofengland.co.uk\u002F-\u002Fmedia\u002Fboe\u002Ffiles\u002Fworking-paper\u002F2020\u002Fmaking-text-count-economic-forecasting-using-newspaper-text\"\u003EThe paper was published in the \u003Cem\u003EJournal of Applied Econometrics\u003C\u002Fem\u003E.\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Forecasting Value-at-Risk using deep quantile neural networks”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: George Kapetanios, Aristeidis Raftapostolos and Ilias Chronopoulos (all King's College London).\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This paper uses neutral networks to examine the relationship between conditional quantiles of a dependent variable and predictors. The method is applied to forecast Value-at-Risk, and the authors find significant gains over existing estimation approaches.\u003C\u002Fp\u003E\n\u003Cp\u003EForthcoming in the \u003Cem\u003EJournal of Financial Econometrics\u003C\u002Fem\u003E.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003E“Machine Learning for asset pricing modelling”\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAuthor: George Kapetanios (King's College London) and various co-authors.\u003C\u002Fp\u003E\n\u003Cp\u003ESummary: This project has various strands that, among others, focus on (i) providing new tools to expand current models for asset pricing that take into account regime dependence and other nonlinearities; (ii) methods that promote interpretability of black box machine learning models that are currently used in economics and finance\u003C\u002Fp\u003E"}],"partners":[{"entryTitle":"Qatar Central Bank","entryDescription":null,"entryThumbnail":null,"sys":{"id":"4653b5ec-97ab-4a56-a9ff-dccdcdf1cd55","language":"en-GB","contentTypeId":"institution","dataFormat":"entry","uri":null}}],"activities":[{"summary":"The Qatar Centre for Global Banking & Finance hosts an annual conference focusing on new directions in central bank research and policymaking. It provides a platform for experts from across the globe to present and discuss new research that can help central banks deal with the fundamental shifts in the global economy and financial system occurring at this time.","image":{"altText":"QCGBF Annual Conference","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Annual Conference","entryDescription":null,"sys":{"id":"85bea473-e9fa-4def-b02d-402dbc3b796f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-annual-conference.xe2720bc7.png"}}},"heading":"Annual Conference","links":[{"entryTitle":"QCGBF Conference 2024","entryDescription":null,"entryThumbnail":null,"sys":{"id":"862712f3-950c-44ef-9675-68b0ae9f947a","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Conference 2023","entryDescription":null,"entryThumbnail":null,"sys":{"id":"1974e442-0425-421c-ba38-32348cf2cbd2","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Conference 2022","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2edcb5dd-9a0e-48ad-b9fc-a37e004f0c56","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"QCGBF Conference 2021","entryDescription":null,"entryThumbnail":null,"sys":{"id":"42fbee18-47f8-4478-8693-ff66143c8375","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}]},{"summary":"The Young Economist Prize is an annual competition run by the Qatar Centre for Global Banking and Finance. It is open to PhD students of all nationalities currently enrolled on a programme in economics or finance (or a related field). The winning paper will be awarded a £5,000 prize. ","image":{"altText":"QCGBF YE PRIZE","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF YE PRIZE","entryDescription":null,"sys":{"id":"06038559-1f13-4686-964e-e19199cc1f80","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-ye-prize.xbe7b78cb.png"}}},"heading":"Young Economist Prize Competition","links":[{"entryTitle":"Young Economist Prize 2023","entryDescription":"The Qatar Centre for Global Banking and Finance is proud to announce the Young Economist Prize as part of its forthcoming Annual Conference.","entryThumbnail":null,"sys":{"id":"c2f87d28-3454-4318-bd64-26a418995871","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize 2022 Finalists","entryDescription":null,"entryThumbnail":null,"sys":{"id":"5be37d6b-267d-49a1-808a-6e7a1364c559","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize 2021 Finalists","entryDescription":null,"entryThumbnail":null,"sys":{"id":"9889eedd-b02a-4e06-a3f4-3af7b3f5dc47","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Young Economist Prize 2024","entryDescription":"The Qatar Centre for Global Banking and Finance is proud to announce the Young Economist Prize as part of its forthcoming Annual Conference.","entryThumbnail":null,"sys":{"id":"7342515b-aeb5-40f4-b6f1-a039bc307e6d","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}]},{"summary":"The virtual seminar series aims to provide a forum for researchers at central banks and academics working on central banking issues to present their research.\n\nSeminars take place fortnightly every Monday each term and last one hour, including time for questions from the attendees.","image":{"altText":"Virtual Seminar Series","transformations":null,"caption":"","asset":{"entryTitle":"qcgbf-virtual-seminar-series","entryDescription":null,"sys":{"id":"22c0a05c-35e9-4f52-b09d-2645077bfdc1","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fqcgbf-events\u002Fqcgbf-virtual-seminar-series.x6b867b80.jpg"}}},"heading":"Virtual Seminar Series","links":[{"entryTitle":"Qatar Centre for Global Banking Finance Virtual Seminar Series","entryDescription":null,"entryThumbnail":null,"sys":{"id":"f1c0e1a3-aa08-4a75-9dbd-ae7fea86e9af","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}]},{"summary":"View the annual reports from the Qatar Centre for Global Banking and Finance","image":{"altText":"Annual Reports","transformations":null,"caption":"","asset":{"entryTitle":"QCGBF Annual report","entryDescription":null,"sys":{"id":"12165310-62fd-499f-88b3-04828113c11b","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fqcgbf-blog-images\u002Fqcgbf-annual-report.xed9235a6.png"}}},"heading":"Annual Reports","links":[{"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2019-20","entryDescription":null,"entryThumbnail":null,"sys":{"id":"6a5cbb77-bd18-4e18-bbf4-dcb8a4f73c54","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2020-2021","entryDescription":null,"entryThumbnail":null,"sys":{"id":"45d5d2c7-6828-4ab7-a763-afe5c21c45aa","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2021-2022","entryDescription":null,"entryThumbnail":null,"sys":{"id":"2ceedd25-7dea-4912-af25-5fedd5681251","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}},{"entryTitle":"Qatar Centre for Global Banking & Finance - Annual Report 2022-2023","entryDescription":null,"entryThumbnail":null,"sys":{"id":"12d3a0bf-3af9-4d46-8a81-78165250a6ac","language":"en-GB","contentTypeId":"link","dataFormat":"entry","uri":null}}]}],"awards":null,"projectsTabPromos":[{"summary":null,"image":null,"heading":null,"links":[]}],"listOfAllProjectsLink":null,"showLatestTweet":false,"publicationsSummary":null,"shortName":"Qatar Centre for Global Banking & Finance","entryTitle":"Qatar Centre for Global Banking & Finance","publications":null}],"searchOptions":{"includeInKCLSiteSearch":false,"includeInSitemap":false,"includeInKCLSiteListings":false},"entryDescription":"Director of the Qatar Centre for Global Banking & Finance","groups":[{"entryThumbnail":null,"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"name":"Banking & Finance","entryDescription":null,"description":"We created this group to support research and postgraduate programmes in Finance. We’re growing quickly, and our academics now cover a wide range of areas in banking, finance, economics and econometrics.","sys":{"owner":"k1812479","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"peopleGroup","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"Indexer","archived":null,"deleted":null,"createdBy":"k1812479","created":"2019-04-16T10:19:12.6752009Z","versionNo":"11.0","modified":"2020-10-14T12:10:43.1261969Z","modifiedBy":"Indexer","published":"2020-10-14T12:10:45.9387131Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"e6c1723c-b66b-4476-aa16-06f8cd9fc3f5","projectId":"website","slug":"banking-finance-1","properties":{}},"people":[{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Aikman","entryDescription":"Director of the Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"8b090f30-6e25-4e70-9b45-db5f1aa1a8df","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Gulcin Ozkan","entryDescription":"Professor of Finance","entryThumbnail":null,"sys":{"id":"faed45bc-7789-4934-b1cb-08099e5b0fda","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"George Kapetanios","entryDescription":"Professor of Finance and Econometrics","entryThumbnail":null,"sys":{"id":"2edc6626-53e6-4c7a-bb11-740d11284c35","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Konstantinos Maratos","entryDescription":"Professor of Finance","entryThumbnail":null,"sys":{"id":"f5c28add-eff9-41a7-8cac-464a857815ff","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Ylva Baeckström","entryDescription":"Senior Lecturer in Finance ","entryThumbnail":null,"sys":{"id":"483fcad1-41e9-4e7d-aeb7-a1eb51f6fd41","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Daniele Massacci","entryDescription":"Reader in Data Analytics for Finance","entryThumbnail":null,"sys":{"id":"13564156-75b7-4dca-b838-a42ebf4d066b","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jinu Lee","entryDescription":"Lecturer in Banking and Finance Education","entryThumbnail":null,"sys":{"id":"d4c53293-f007-4a74-bc99-3c47844b2e03","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Eleonora Muzzupappa","entryDescription":"Associate Professor (Senior Lecturer) in Banking and Finance ","entryThumbnail":null,"sys":{"id":"0ae7ef1b-0765-46c6-9879-b5393d77acc9","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"entryTitle":"Banking & Finance"},{"entryThumbnail":null,"orgUnit":[{"entryTitle":"King’s Business School","entryDescription":"business","entryThumbnail":null,"sys":{"id":"b82f5048-57d3-4ffb-a3cc-3d20601a8e4b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of Political Economy","entryDescription":"political-economy","entryThumbnail":null,"sys":{"id":"3173d339-93a6-41a0-b83f-06c7bab9e52b","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}},{"entryTitle":"Department of International Development","entryDescription":"did","entryThumbnail":null,"sys":{"id":"7dc20e6d-7989-4157-b423-33a765009a55","language":"en-GB","contentTypeId":"orgUnit","dataFormat":"entry","uri":null}}],"name":"Economics at King's","entryDescription":null,"description":"economics","sys":{"owner":"k2030448","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"peopleGroup","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k2030448","archived":null,"deleted":null,"createdBy":"","created":"2019-04-04T08:56:34.4070314Z","versionNo":"34.0","modified":"2024-09-11T14:49:26.0691918Z","modifiedBy":"k2030448","published":"2024-09-11T14:49:30.0547659Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d845f021-0888-48d0-b672-774e90c204cb","projectId":"website","slug":"economics-at-kings-2","properties":{}},"people":[{"entryTitle":"Shaun Hargreaves Heap","entryDescription":"Professor of Political Economy","entryThumbnail":null,"sys":{"id":"221bb3db-1456-4c08-9a39-5efdc31ba031","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Alberto Vesperoni","entryDescription":"Senior Lecturer in Economics","entryThumbnail":null,"sys":{"id":"8d002ccf-8b8d-4332-9faf-76c2c824801f","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Georgios Chortareas","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"a7349c01-512a-40ff-b21f-4de6ca2cb805","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Francesca Monti","entryDescription":"Advisor, Qatar Centre for Global Banking & Finance","entryThumbnail":null,"sys":{"id":"bbd1daf4-47c4-40ea-88ae-49a92846dfb2","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"George Kapetanios","entryDescription":"Professor of Finance and Econometrics","entryThumbnail":null,"sys":{"id":"2edc6626-53e6-4c7a-bb11-740d11284c35","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Mehmet Ismail","entryDescription":"Lecturer in Economics","entryThumbnail":null,"sys":{"id":"e4c1cc05-4d6c-4a93-9d57-75c6b676b933","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jonathan Portes","entryDescription":"Professor of Economics and Public Policy","entryThumbnail":null,"sys":{"id":"da250f90-1257-4e22-a67a-5cff4b32c212","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Amrita Dhillon","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"9056b5b4-1a9f-4623-9cdd-2b8c34764063","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Colin Jennings","entryDescription":"Reader in Political Economy ","entryThumbnail":null,"sys":{"id":"770b8a80-221a-4601-b822-9bc954cd5832","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Paul Lewis","entryDescription":"Professor of Political Economy","entryThumbnail":null,"sys":{"id":"76bd37d3-fb65-4549-aac9-76a2eb0b9284","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Gabriel Leon-Ablan","entryDescription":"Professor of Political Economy","entryThumbnail":null,"sys":{"id":"ba62aaef-df14-432b-8f16-5a8d43cc5eb8","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Karlygash Kuralbayeva","entryDescription":"Senior Lecturer in Economics","entryThumbnail":null,"sys":{"id":"fb16e5eb-f78c-473b-9121-7c43d54c30a5","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Omid Mazdak","entryDescription":"Lecturer in Economics","entryThumbnail":null,"sys":{"id":"465b2310-21d9-43a0-ae29-988f5353fa73","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Martin Weale","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f4af8b43-0b3d-4340-9b7c-822e1671b8f3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Santiago Sanchez-Pages","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"1f06b3bd-3165-4d34-b648-2d245eb40805","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Anja Shortland","entryDescription":"Professor in Political Economy","entryThumbnail":null,"sys":{"id":"77f2980c-81f4-4b9b-9844-a47821154ba7","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Cevat Giray Aksoy","entryDescription":"Lecturer in Economics","entryThumbnail":null,"sys":{"id":"15be5530-cf0d-4757-aa63-e42f1751b367","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"David Hope","entryDescription":"Senior Lecturer in Political Economy","entryThumbnail":null,"sys":{"id":"6260f55b-f8bf-42f2-9fea-d95f50f9815e","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Marco Giani","entryDescription":"Senior Lecturer in Political Economy","entryThumbnail":null,"sys":{"id":"e92e5e45-eff0-41ab-a84f-9173ff16dce3","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Augustin De Coulon","entryDescription":"Reader in Economics","entryThumbnail":null,"sys":{"id":"9006f04a-ae4b-4e8c-b246-c98942e954c6","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Elisa Cavatorta","entryDescription":"Reader in Economics and Vice Dean (International) for the Faculty of Social Science and Public Policy","entryThumbnail":null,"sys":{"id":"01664660-a602-40ea-bf6b-54d89859ee8f","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Ylva Baeckström","entryDescription":"Senior Lecturer in Finance ","entryThumbnail":null,"sys":{"id":"483fcad1-41e9-4e7d-aeb7-a1eb51f6fd41","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Daniele Massacci","entryDescription":"Reader in Data Analytics for Finance","entryThumbnail":null,"sys":{"id":"13564156-75b7-4dca-b838-a42ebf4d066b","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Michele Piffer","entryDescription":"Senior Lecturer in Economics","entryThumbnail":null,"sys":{"id":"24a661bf-a403-4586-aa91-b03115a7b4d9","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Konstantinos Matakos","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"92f2e010-6a29-4ffc-968a-fc31accf3a5b","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Filipa Sà","entryDescription":"Reader in Applied Economics","entryThumbnail":null,"sys":{"id":"38f1a29d-3c82-4f7e-97d8-8a275bb494a8","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Jinu Lee","entryDescription":"Lecturer in Banking and Finance Education","entryThumbnail":null,"sys":{"id":"d4c53293-f007-4a74-bc99-3c47844b2e03","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Pierre-Louis Vezina","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"cfd164ab-38e0-4a1f-a62e-c0af6f64817c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Brian Bell","entryDescription":"Professor of Economics","entryThumbnail":null,"sys":{"id":"f0f62993-fcaa-467d-8e08-a78fc7724e07","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Mary O'Mahony","entryDescription":"Professor of Applied Economics","entryThumbnail":null,"sys":{"id":"21b25788-9f52-46ea-8e7e-7beae6d1369c","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}},{"entryTitle":"Michel Serafinelli","entryDescription":"Senior Lecturer in Economics","entryThumbnail":null,"sys":{"id":"9ba4ed7c-0c8b-4cfe-bd20-169703d21680","language":"en-GB","contentTypeId":"person","dataFormat":"entry","uri":null}}],"entryTitle":"Economics at King's"}],"officeHours":[],"biography":[{"type":"biographyText","value":"\u003Cp\u003EDavid Aikman joined King’s Business School in April 2020 as Professor of Finance and Director of the Qatar Centre for Global Banking and Finance. Previously, he spent 17 years working as an economist at the Bank of England – most recently in the role of Technical Head of Division in the Financial Stability Strategy and Risk Directorate where he led the Bank’s work on various macroprudential issues.\u003C\u002Fp\u003E\n\u003Cp\u003EBetween 2013 and 2015, David was seconded to the Board of Governors of the Federal Reserve System in Washington DC, where he worked as an advisor in the Division of Financial Stability. In 2008, David was a Visiting Scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. David has represented the Bank in various international fora, including meetings of the Financial Stability Board, the Basel Committee, and the European Systemic Risk Board.\u003C\u002Fp\u003E\n\u003Cp\u003EHe is the author of various research papers on financial stability and macroprudential policy, and has a Ph.D. in Economics from the University of Warwick.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EAre you accepting new PhD students?\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EYes\u003C\u002Fp\u003E"},{"type":"biographyText","value":"\u003Cp\u003E\u003Cstrong\u003ESelected Publications\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, David, Jonathan Bridges, Anil Kashyap, and Caspar Siegert. 2019. \"Would Macroprudential Regulation Have Prevented the Last Crisis?\" Journal of Economic Perspectives, 33 (1): 107-30. DOI: 10.1257\u002Fjep.33.1.107\u003C\u002Fp\u003E\n\u003Cp\u003EDavid Aikman, Andrew G. Haldane, Benjamin D. Nelson, Curbing the Credit Cycle, The Economic Journal, Volume 125, Issue 585, 1 June 2015, Pages 1072–1109, https:\u002F\u002Fdoi.org\u002F10.1111\u002Fecoj.12113\u003C\u002Fp\u003E\n\u003Cp\u003EDavid Aikman, Oliver Bush, and Alan M. Taylor. “Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report” NBER Working Paper No. 22380 June 2016, Revised November 2018\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, D., Haldane, A., Hinterschweiger, M. & Kapadia, S., 2019, “Rethinking Financial Stability”, published in Evolution or Revolution. Blanchard, O. & Summers, L. (eds.). MIT Press, p. 143-194\u003C\u002Fp\u003E\n\u003Cp\u003EAikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. \"\u003Ca href=\"https:\u002F\u002Fideas.repec.org\u002Fa\u002Feee\u002Fjbfina\u002Fv81y2017icp36-64.html\"\u003EMapping heat in the U.S. financial system\u003C\u002Fa\u003E,\" Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.\u003C\u002Fp\u003E"}],"employeeTypes":["Academics","Supervisors"],"relatedSpotlight":[],"additionalJobTitle":["Professor of Finance (Practice)"],"firstName":"David","kingsID":null,"hide":false,"location":{"entryThumbnail":null,"parent":{"entryTitle":"Strand Campus","entryDescription":"Located on the north bank of the River Thames, the Strand Campus houses King's College London's arts and sciences faculties. ","entryThumbnail":null,"sys":{"id":"436ab4d3-aac9-4817-affa-966a0b93acdc","language":"en-GB","contentTypeId":"location","dataFormat":"entry","uri":null}},"telephoneNumber":"020 7848 2000","city":"London","externalLink":null,"description":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","heroImage":{"altText":"","transformations":"w=1903&h=1266&crop=1903,558,0,675","caption":"","asset":{"entryTitle":"bush house","entryDescription":null,"sys":{"id":"2a2f7080-e841-488f-bb7b-6140f0915b4f","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fnews-images\u002Fbush-house.x0e14ddf7.jpg?w=1903&h=1266&crop=1903,558,0,675"}}},"type":"Building","sys":{"owner":"k0960388","metadata":{},"workflow":{"id":"contensisEntryApproval","state":"draft"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"location","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k0960388","archived":null,"deleted":null,"createdBy":"k0960388","created":"2019-06-10T14:17:24.6790857Z","versionNo":"5.0","modified":"2023-03-20T15:16:17.5408575Z","modifiedBy":"k0960388","published":"2023-03-20T15:28:28.8544737Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"f830c5e3-ef00-4387-8948-bdd5294c035b","projectId":"website","slug":"bush-house","properties":{}},"emailAddress":"bushhousereception@kcl.ac.uk","isKingsVenuesLocation":null,"accessForPeopleWithDisabilities":null,"thumbnail":{"altText":"","transformations":"w=1501&h=440&crop=780,440,362,0","caption":"","asset":{"entryTitle":"bush house hero","entryDescription":null,"sys":{"id":"0b24c5d9-19e1-4bc4-8725-cf3f90aabb89","language":"en-GB","contentTypeId":"image","dataFormat":"asset","uri":"\u002Fnewimages\u002Fdisability\u002Fhero-carousel-1903x558\u002Fbush-house-hero.xcebc8aca.jpg?w=1501&h=440&crop=780,440,362,0"}}},"address":"Strand campus, 30 Aldwych, London, WC2B 4BG","composer":[{"type":"text","value":"\u003Cp\u003EFor more information, visit the \u003Ca title=\"Strand campus\" href=\"\u002Fvisit\u002Fstrand-campus\"\u003EStrand campus\u003C\u002Fa\u003E page.\u003C\u002Fp\u003E"}],"upcomingEvents":[],"mapEmbed":null,"searchOptions":null,"entryDescription":"Bush House is a Grade II listed building at the southern end of Kingsway between Aldwych and the Strand in London","the":false,"colour":null,"name":"Bush House","location":{"lon":-0.11775890000001255,"lat":51.5129386},"entryTitle":"Bush House"},"pronouns":null,"entryTitle":"David Aikman"}],"authorByline":null,"articleContent":[{"type":"markup","value":"\u003Cp\u003ETo deliver the funding, a recent report from King’s College London argues for an urgent focus on three key areas of the financial system:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003Egovernments should engage with the new forms of partnerships between banks and other financial institutions that free up their lending capabilities;\u003C\u002Fli\u003E\n\u003Cli\u003EMultilateral Development Banks should make more use of their balance sheets to attract private sector funding through blended finance\u003C\u002Fli\u003E\n\u003Cli\u003Eand regulators should develop global carbon markets with a focus on integrating national emissions trading systems and enhancing trust in voluntary markets.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003EThe report highlights that the Multilateral Development Banks alone could more than double their stock of lending to release a further $1.2 trillion of net zero financing without harming their AAA ratings and estimates that governments could release £8.5 billion of new bank lending through every £1 billion they invest in loans to decarbonisation projects.\u003C\u002Fp\u003E\n\u003Cp\u003EThe report and its recommendations were developed by Professor David Aikman, a former Technical Head of the Bank of England’s Financial Stability Division and Professor Raúl C. Rosales, a member of the Management Committee of the Singapore Green Finance Centre.\u003C\u002Fp\u003E"},{"type":"quote","value":{"text":"Mobilising enough finance to achieve our net zero goals is a major challenge, but our research highlights the potential of three avenues that should become a focus for policy makers in the run up to COP29 and beyond.","source":"Professor David Aikman, Director of the Qatar Centre for Global Banking and Finance at King’s Business School"}},{"type":"markup","value":"\u003Cp\u003E\u003Cstrong\u003ETHE BANKS’ ROLE IN FINANCING THE TRANSITION TO NET ZERO\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EThe report outlines how, ahead of the full implementation of the Basel III capital adequacy rules, banks are increasingly partnering with non-bank players in innovative ways that allow them to de-risk in line with existing regulatory and supervisory frameworks. These include strategic partnerships and new investment fund platforms with private credit, as well as the increased use of so-called “synthetic risk transfers” that move credit risk to third parties such as investment funds, freeing up funds for further lending. EU banks alone issued €102 billion in synthetic risk transfer securitisations in 2023 and 11% of these were linked to sustainability lending.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that governments and policy makers can support this transfer of risk between the banks and other parts of the financial sector;\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003EBy fostering the globally harmonised regulation of de-risking mechanisms such Significant Risk Transfers and synthetic securitisations\u003C\u002Fli\u003E\n\u003Cli\u003EAs investors: the authors estimate that a £1 billion government investment in the junior tranche of a pool of loans for decarbonisation projects would generate additional bank lending capacity of around £8.5 billion. In the UK, the new National Wealth Fund could play a role both as a guarantor and coordinator of private sector lending for net zero technologies and projects.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E\n\u003Cp\u003E\u003Cstrong\u003E \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003EBLENDED FINANCE\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBlended finance uses catalytic capital from public or philanthropic sources to mobilise private sector investment in sustainable development projects, primarily in developing countries. Public investment is led through Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs). While climate finance accounted for over half of the value of blended finance deals in 2023, the report highlights that at $15 billion of new transactions, the overall sector remained relatively small, and sets out how it could be expanded.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors calculate that MDBs and DFIs draw on private sector investors for only 11% of their annual overall financing commitments. Their analysis of credit rating agency reports suggests that there is significant potential for MDBs to increase their leverage while still maintaining their AAA credit ratings. They estimate that collectively, the 13 MDBs focused on developing countries could increase the stock of development assets they finance by around $1.2 trillion, a 2.5-fold increase, without harming their current credit ratings.\u003C\u002Fp\u003E\n\u003Cp\u003EFurthermore, if MDBs operated under an AA rating instead of AAA, their financing capacity would increase by a further $1–1.2 trillion, significantly boosting their development and financial impact.\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Cstrong\u003ECARBON MARKETS\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EBy putting a price on carbon, carbon markets create economic incentives for businesses and governments to invest in clean technologies and implement carbon pricing policies. They are also a source of revenue for government investments in net zero projects: in 2023 Emissions Trading Systems generated $74 billion in government revenues. Alongside the ETSs are voluntary carbon markets offering trading in ‘carbon credits’ issued by the developers of carbon removal and reduction schemes.\u003C\u002Fp\u003E\n\u003Cp\u003EThe authors argue that these markets can be made more attractive through:\u003C\u002Fp\u003E\n\u003Cul\u003E\n\u003Cli\u003ELinking the UK and EU ETSs as envisaged in the EU-UK Trade and Cooperation Agreement governing post-Brexit trade relations. This is also a necessary condition for exempting UK exports from the EU’s Carbon Border Adjustment Mechanism.\u003C\u002Fli\u003E\n\u003Cli\u003EStronger regulatory oversight, with clear rules on carbon credit usage, and a global standard for the financial accounting of certified carbon offset credits.\u003C\u002Fli\u003E\n\u003Cli\u003EFurther integration, for example integrating the voluntary carbon markets with the established emissions trading systems, which would provide a strong pricing signal.\u003C\u002Fli\u003E\n\u003C\u002Ful\u003E"},{"type":"quote","value":{"text":"Partnerships between banks, investors, and regulators offer a critical opportunity to channel funds into low-carbon technologies by de-risking through regulated schemes. Multilateral Development Banks (MDBs) can amplify their impact by leveraging resources without straining government budgets, helping to establish sustainable infrastructure platforms in developing countries. Governments play a key role in integrating carbon markets through mechanisms like ETS and GGRs, enhancing transparency, and market efficiency, and sending a strong price signal for decarbonization.","source":"Professor Raúl C. Rosales, Professor of Practice in Net Zero Asset Management at King’s College London"}},{"type":"sectionBreak","value":{"whatDoesThisDo":"This will add a break between elements to fix alignment issues.No text will appear"}},{"type":"postitNote","value":{"alignment":"Left","title":"Read the full impact policy paper","content":"\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EMOBILIZING FINANCE FOR NET ZERO ENERGY SYSTEMS\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E\u003Ca href=\"https:\u002F\u002Fwww.kcl.ac.uk\u002Fbusiness\u002Fassets\u002FPDF\u002Fresearch-papers\u002Faikman-and-rosales-impact-policy-paper.pdf\"\u003EKey issues, barriers and policy priorities\u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003E \u003C\u002Fp\u003E"}}],"categories":[{"thumbnail":{"altText":null,"transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"banking and finance 3","entryDescription":null,"description":null,"sys":{"owner":"k1771377","metadata":{"includeInAToZ":false,"includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"0979d982-de6d-49ec-93d7-bbfbfc794a1f"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002Fbanking-and-finance-3.x3304abe1.jpg","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2018-05-04T09:17:22.6379362Z","versionNo":"5.0","modified":"2021-10-21T11:16:05.7813679Z","modifiedBy":"ServicesUser","published":"2021-10-21T11:16:05.8594782Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"0979d982-de6d-49ec-93d7-bbfbfc794a1f","projectId":"website","slug":null,"properties":{"filename":"banking-and-finance-3.jpg","fileSize":11427295,"filePath":"\u002FImportedImages\u002FSchools\u002FBusiness\u002Fevents-images\u002F","width":5456,"fileId":"0979d982-de6d-49ec-93d7-bbfbfc794a1f","height":3632}},"title":"banking and finance 3","entryTitle":"banking and finance 3"}},"searchTerm":"business-and-finance","entryDescription":null,"heroImage":{"altText":"","transformations":null,"caption":"","asset":{"thumbnail":null,"keywords":null,"altText":"Skyline of the City of London","entryDescription":null,"description":null,"sys":{"owner":"k1075632","metadata":{"includeInAToZ":false,"copyrightDetails":"","includeInSearch":false,"includeInSiteMap":false,"includeInMenu":false,"originalUrl":"","nodeId":"01b48744-33ee-4adc-8d1d-dfc55527befd"},"dataFormat":"asset","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"image","language":"en-GB","uri":"\u002Fnewimages\u002Fhero\u002Fcategories\u002Fbusiness-hero-1903x558.x03d660e2.jpg","version":{"publishedBy":"ServicesUser","archived":null,"deleted":null,"createdBy":"ServicesUser","created":"2019-10-25T15:14:22.7177677Z","versionNo":"3.0","modified":"2021-10-21T11:57:50.9824693Z","modifiedBy":"ServicesUser","published":"2021-10-21T11:57:51.0762213Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"01b48744-33ee-4adc-8d1d-dfc55527befd","projectId":"website","slug":null,"properties":{"filename":"business-hero-1903x558.jpg","fileSize":267776,"filePath":"\u002Fnewimages\u002Fhero\u002Fcategories\u002F","width":1903,"fileId":"01b48744-33ee-4adc-8d1d-dfc55527befd","height":558}},"title":"business_hero-1903x558","entryTitle":"business_hero-1903x558"}},"sys":{"owner":"k1466286","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"categories","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1075632","archived":null,"deleted":null,"createdBy":"k1466286","created":"2018-01-24T13:31:15.1856338Z","versionNo":"4.0","modified":"2019-10-25T15:23:50.4131795Z","modifiedBy":"k1075632","published":"2019-10-25T15:23:51.3194433Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"d9e2ba7e-c2a5-46e8-8415-51d7602f62a8","projectId":"website","slug":"business-finance-1","properties":{}},"title":"Business & Finance","entryTitle":"Business & Finance","research":true}],"conversationNews":{"storyUrl":null},"doNot":false,"entryTitle":"New research sets out three overlooked opportunities to fund net zero transition"},"routeControl":{"root":"news","siteviewPaths":["statements","kings-news","kings-news?","contactus","search","search?","spotlight","this-week"],"sys":{"owner":"k2040458","metadata":{},"workflow":{"id":"contensisEntryBasic","state":"versionComplete"},"dataFormat":"entry","isPublished":true,"availableLanguages":["en-GB"],"contentTypeId":"staticRouteControl","language":"en-GB","allUris":[],"uri":null,"version":{"publishedBy":"k1516184","archived":null,"deleted":null,"createdBy":"k2040458","created":"2023-02-23T14:26:50.17864Z","versionNo":"14.0","modified":"2024-05-09T13:46:18.0279715Z","modifiedBy":"k1516184","published":"2024-05-09T13:46:21.9318175Z","archivedBy":null,"deletedBy":null},"versionStatus":"published","id":"621e6d71-7c69-4315-8f62-b1301469f6d5","projectId":"website","slug":"news-7","properties":{}}},"routeControlNotFound":false,"path":"\u002Fnews","loading":false,"isError":false,"error":null,"notFound":false}}</script> <script src="/static/startup-1.0.0.js"></script><script id="legacy__LOADABLE_REQUIRED_CHUNKS__" type="application/json" nomodule="nomodule">[8265,9889,4277,9700,1607,1958,2592]</script><script id="legacy__LOADABLE_REQUIRED_CHUNKS___ext" type="application/json" nomodule="nomodule">{"namedChunks":["page.equipment"]}</script> <script async data-chunk="app" src="/static/legacy/js/runtime.b49097b9b47b31862597.js" nomodule="nomodule"></script> <script async data-chunk="app" src="/static/legacy/js/vendor.8a10dbc7c9b34517e1ba.js" nomodule="nomodule"></script> <script async data-chunk="app" src="/static/legacy/js/app.25cb34d29ef8be9dfc63.js" nomodule="nomodule"></script> <script async data-chunk="page.equipment" src="/static/legacy/js/8265.693c47b0f289e7518cf8.js" nomodule="nomodule"></script> <script async data-chunk="page.equipment" src="/static/legacy/js/9889.fe0ed5713af31e013c63.js" nomodule="nomodule"></script> <script async data-chunk="page.equipment" src="/static/legacy/js/4277.c9b516d4054e8af4d60d.js" nomodule="nomodule"></script> <script async data-chunk="page.equipment" src="/static/legacy/js/9700.f1423112129deb6bde39.js" nomodule="nomodule"></script> <script async data-chunk="page.equipment" src="/static/legacy/js/1607.5f21a23917e2146a0b19.js" nomodule="nomodule"></script> <script async data-chunk="page.equipment" src="/static/legacy/js/1958.9532d662f6562495aee3.js" nomodule="nomodule"></script> <script async data-chunk="page.equipment" src="/static/legacy/js/page.equipment.64b25b5031b749dc66da.js" nomodule="nomodule"></script><script id="modern__LOADABLE_REQUIRED_CHUNKS__" type="application/json" type="module">[1549,8265,9889,4277,9700,1607,1958,2592]</script><script id="modern__LOADABLE_REQUIRED_CHUNKS___ext" type="application/json" type="module">{"namedChunks":["staticContainer","page.equipment"]}</script> <script async data-chunk="app" src="/static/modern/js/runtime.9de837630d89764c8f8e.mjs" type="module"></script> <script async data-chunk="app" src="/static/modern/js/vendor.a1ac366d630dcf149556.mjs" type="module"></script> <script async data-chunk="app" src="/static/modern/js/app.2d5d0479922b2c3c36d8.mjs" type="module"></script> <script async data-chunk="staticContainer" src="/static/modern/js/locations.db7cd8a02e29e04e04ad.mjs" type="module"></script> <script async data-chunk="page.equipment" src="/static/modern/js/8265.693c47b0f289e7518cf8.mjs" type="module"></script> <script async data-chunk="page.equipment" src="/static/modern/js/9889.fe0ed5713af31e013c63.mjs" type="module"></script> <script async data-chunk="page.equipment" src="/static/modern/js/4277.c9b516d4054e8af4d60d.mjs" type="module"></script> <script async data-chunk="page.equipment" src="/static/modern/js/9700.f1423112129deb6bde39.mjs" type="module"></script> <script async data-chunk="page.equipment" src="/static/modern/js/1607.5f21a23917e2146a0b19.mjs" type="module"></script> <script async data-chunk="page.equipment" src="/static/modern/js/1958.9532d662f6562495aee3.mjs" type="module"></script> <script async data-chunk="page.equipment" src="/static/modern/js/page.equipment.64b25b5031b749dc66da.mjs" type="module"></script></body></html>