Financial experts from all over the world gather at Arcada

PRESS RELEASE 29.6.2017

World-leading academics and representatives from the banking sector gather at Arcada in Helsinki on 29–30 June for the third RiskLab/Bank of Finland/ESRB conference on systemic risk analysis. The conference focuses on finding new solutions to prevent new waves of financial instability in the world economy.

New analytical methods make early identification possible of vulnerabilities in economical systems that might lead to new financial crises. This field, which has seen an tremendous growth over the last few years, is constantly faced with new challenges. The need continues to increase for risk analysis on a macro level, not least since the financial sector is becoming more and more interconnected in society, and also due to recent developments within e.g. the security market and other financial technologies.

Kaj-Mikael Björk is the Head of the Department of Business Management and Analytics at Arcada and active in RiskLab Finland within the department. He welcomes the drastically increased focus on creating future stability through new technology, and is looking forward to an intense and rewarding conference.

“Today we’ve gotten to a point where tools like artificial intelligence, machine learning and analytics allow us to handle complex and/or huge amounts of data,” he says. “This can prevent financial instability as decision makers are provided with better information and can react more rapidly to changes in the world. The development within this field happens fast, and we keep becoming better at seeing the connections in various chains of events – to understand their causes and effects."

“The conference gathers leading academics and practitioners from all corners of the world. The exchange of insights, knowledge and experiences is on the absolute highest level, which is also the explanation for the conference’s continued popularity and that it attracts the world’s gathered expertise."

The conference is arranged by RiskLab, Bank of Finland and the European System Risk Bord (ESRB). This year’s conference focuses on themes such as how a zero-interest environment affects systemic risks and the opportunities and risks introduced by the recent breakthroughs in financial technology (FinTech).

Keynote speakers are:

• Daniel Gros (Director of Centre for European Policy Studies)
• Ross Levine (Professor at Haas School of Business, UC Berkeley)
• Erkki Liikanen (Governor of Bank of Finland)

Read more about the conference and the programme at RiskLab Finland’s homepage. 

Additional information:
Kaj-Mikael Björk, Head of the Department  of Business Management and Analytics at Arcada, +358 207 699 432, kaj-mikael.bjork@arcada.fi

Sender:
Communications Planner, Fredrik Gjerde, +358 207 699 680, fredrik.gjerde@arcada.fi

The Finnish section of RiskLab is a research laboratory, with the objective to study and develop the fields of risk management and analytics. RiskLab Finland is part of the international network of RiskLabs. The main purpose of is to develop analytical methods and tools, which supports the analysis of systemic risks. This includes the development of tools that are practically relevant and directly supports the understanding of systemic risks among political and other decision makers.

Arcada is a University of Applied Sciences, located in Helsinki, Finland. We offer high-quality education and further education in Swedish and English for our 2,700 students. We believe in close contact with the workplace and cooperate with some ninety higher education institutions and universities throughout the world. We also conduct practical research that is socially relevant to the world we live in, so a degree from Arcada is seen as both relevant and highly desired by employers. We offer programmes in business administration, tourism, media, culture, technology, sports, social welfare and health care.