Financial Systems: Diversity, Stability and Sustainable Development 2017 | IWFSAS | 24 August 2017 | HEC Montréal, 3000 Ch de la Côte-Sainte-Catherine, Montreal, Quebec H3T 2A7, Canada

Financial system diversity may reflect diversity in markets (e.g. equity, bond, derivatives, money markets and others), or institutions (e.g. banks, insurance companies, non-bank financial institutions), or institutional forms (e.g. shareholders versus stakeholders value institutions). Such diversity may imply diversity in business models, different incentives, or different stages of development and the emergence of new forms of finance. Diversity can enhance the resilience of financial systems during shocks and periods of high uncertainty. However, diversity can also potentially lead to systemic instability. Diversity certainly leads to regulatory challenges and potential regulatory arbitrage. Further, the increasing interconnectedness within modern financial systems could result in the failure of one small part of a diverse financial system to disrupt the functioning of other more important parts of the system.

2017 Speaker

Professor Anjan V. Thakor, John E. Simon
Professor of Finance, Olin Business School, Washington University in St Louis.

2017 Sponsors:

HEC Montreal
international Research Centre on Cooperative Finance (IRCCF)
Alphonse and Dorimene Desjardins international Institute for Cooperatives.
Peter B. Gustavson