Speaker: Dr. Michael Brennan, Emeritus Professor at UCLA & FMC2 Scientific Advisory Board Member.

Title: Malfeasance in Financial Markets

Date: Monday, January 13th 2014 at 6:00 PM (All are welcome to attend)

Location: Institute of Bankers

Directions to IOB may be found here:


In this presentation Professor Brennan will survey recent cases of malfeasance in financial markets, suggest reasons for the apparent increase in instances of malfeasance in recent years and discuss the role of economic theory in creating a climate in which unethical behavior is expected.

Speaker Bio:

Dr. Brennan is the former Irwin and Goldyne Hearsh Professor of Banking and Finance at the University of California, Los Angeles, and Professor of Finance at the London Business School. He is currently Emeritus Professor at UCLA and Distinguished Visiting Professor at the University of Manchester. He was educated at Oxford, Pittsburgh and MIT.  Dr. Brennan’s research interests include asset pricing, corporate finance and market microstructure.

A former President of the American Finance Association, the Society for Financial Studies, and the Western Finance Association, Dr. Brennan has also served as Editor of the Journal of Finance and was the Founding Editor of the Review of Financial Studies. He has also served as a director of the National Bureau of Economic Research.

About FMC2:

The Financial Mathematics Computation Cluster (FMC2) is a collaboration between Industry, University College Dublin, Dublin City University, and NUI Maynooth. FMC2 is a Science Foundation Ireland funded Strategic Research Cluster (SRC). The cluster brings together complementary expertise in financial mathematics, financial economics and computer science to create a multi-disciplinary research programme in asset and risk management, areas that are of critical importance to the present and future development of the international financial services sector in Ireland. For further details see


‘… the role of economic theory in creating a climate in which unethical behavior is expected.’

In which UN_ethical behaviour is EXpected!

‘Agency Theory’ assumes wo/man is baad, baad, baad ……. back to Weber and the reformation ….. some assumptions can be very dangerous!

looking forward to a link to the paper/discussion

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