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.