The next SWORDS meeting will take place on the 8th November in room M/0.40 of the School of Mathematics, Cardiff University. Tea and coffee will be available in the Internet Cafe in the Mathemartics building from 5.15.
The Global Financial Crisis of 2007 onwards needs no introduction – its effects were felt throughout the world. The subsequent media attention vilified bankers, yet the financial system as a whole can be shown to be at fault. In this talk, the speaker will look at credit derivatives – the financial products believed to have been instrumental in exacerbating the crisis – and discuss poor understanding of risk underpinning them, its mispricing, and the role played by mathematics in it all.
Bio: Dr. Meirion Morgan is a maths graduate of Cardiff (B.Sc., 1991) and Oxford (D.Phil, 1999) and worked for over a decade in the City as a Quantitative Analyst at a number of banks including UBS, Rabobank, RBS and Lloyds. He also co-founded a specialist financial services company shortly before the Global Financial Crisis.