MarFintel

Economic capital workshop
This workshop has already taken place.
Some pictures of the event can be found here.

Date:	12 May 2009
Location:	Restaurant Arenberg
	Rotspoelstraat 5
	3001 Heverlee
	Map
Registration fee:	Including diner and VAT
	450 Euro for early registration (before May 1st)
	550 Euro for late registration
	200 Euro academic fee (for full-time students and academics)
	Register here
	Transfer of registration fee to a colleague is always possible.
	Full reimbursement of registration fee until May 1st.

Program

13.30	Registration
14.00	Economic Capital: a myth resolved
	Elisabeth Van Laere
	Vlerick Leuven Gent Management School
	prof. dr. Bart Baesens
	K.U.Leuven, University of Southampton
	Financial stability and capital regulation Regulatory capital arbitrage Basel II pillar 1 & 2 Regulatory and economic capital: some evidence from the field
15.00	Regulatory versus economic capital
	dr. ir. Tony Van Gestel
	Director of Basel II Modelling Group
	Dexia Group
	Introduction: portfolio risk measures and portfolio model formulations Basel II pillar 1 portfolio model versus industry portfolio models Aggregation of risk capital Economic and regulatory capital
16.00	Coffee/Tea break
16.30	Economic Capital for Structured Finance
	dr. Erwin Charlier
	Senior Risk Consultant , Assistant Professor in Econometrics and Operations Research
	SNS Reaal, Tilburg University
	Characteristics of underlying pools Economic Capital on a portfolio of two CDO tranches Economic Capital on a portfolio of ten CDO tranches Discussion
17.30	An actuarial approach to economic capital
	prof. dr. Marc Goovaerts

	Professor Risk Management
	K.U.Leuven
	Risk measures and decisions in insurance The interplay between price and solvency The cost of capital and default probability Reinsurance and solvency The advantage of long tail business
18.30	Discussion and Conclusions
	prof. dr. Bart Baesens
	Professor Risk Management
	K.U.Leuven, University of Southampton
18.45	Reception, networking and diner