Photo Catherine Lubochinsky

Catherine Lubochinsky

Professeur(e)
  • Email
  • Axe de recherche

      Macroéconomie Internationale, Banque et Econométrie Financière

  • Thème(s)
    • Interest rates
    • Financial markets and derivatives
    • Banking

University of Paris 2 (Panthéon-Assas) Since 1996 (on leave 2013-2014)- present

Global Risk Institute in Financial services, Managing Director,

Toronto (2013-2014) Fostering applied and integrated research on emerging/new risks for the financial industry and enhancing cooperation between academics and financial practitioners

 

Member of the College de Supervision de l'ACPR (Autorité de Contrôle Prudentiel et de Résolution) , Vice-présidente of the Scientific Committee
Member of the Cercle des Economistes (Paris) (www.cercledeseconomistes@wanadoo.fr) Member of the Scientific Board of Unicredit Universities Foundation (Milan)
Member of the Scientific Committee of Cité de l’Economie et de la Monnaie (Banque de France)

Research area: Interest rates, Financial markets and Derivatives, Banking, Financial Regulation, Asset management

 

Main previous recent activities:

Former President of The European Money and Finance Forum (2006-2009, reelected 2009-2012) (www.suerf.org)
Former Director of the Master in Finance University of Paris 2 (1996-2011)
Former member of the European Shadow Financial Regulation Committee (2011-2015)


EDUCATION
PhD Dissertation “Interest structures and policies”, University of Paris 1 Panthéon-Sorbonne PhD Dissertation “Banks interest rate risk and derivatives”, University of Orléans University Professorship- Agregation des Universités de Sciences Economiques (1994)


ACADEMIC CAREER

Professor of Economics and Finance University of Paris 2 (1996-2013 Jan) Director of the Master in Finance (1996-2011)

Professor Caen University (1994-1996)

Assistant Professor in Economics (1991-1994) University of Paris 2 Assistant Professor in Economics (1989-1991) University of Orléans
Visiting research at Brown University, Providence, R.I. (U.S.A.), January/July 1984
Summer intern at the International Monetary Fund, Washington D.C. (U.S.A.), 1981, in the Central Banking Department


FINANCIAL INSTITUTIONS ACTIVITIES

¥ Advisor AMUNDI: Investment Solutions (2010) Design of retirement savings financial products; Strategy (2011-2013 Jan) Research on Corporate loan products and Optimizing Trade execution;

¥ Appointed External Member of CECEI, Comité des Etablissements de Crédit et des Entreprises d’Investissement (2009)

¥ Consultant METNEXT (subsidiary Météo France- Euronext 2008) Development of standardized climate indices for weather insurance

¥ Consultant for LIFFE Euronext, Interest Rates product development (2006-2007)

¥ Consultant for BANQUE DE FRANCE Financial Markets and Stability Department (2002-2005)

¥ Compagnie Parisienne de Réescompte (1993) Consultant for the Economics Department on Interest Rates
¥ Société Marseillaise de Crédit (1988-1992) Advisor to the Capital Markets Department, setting-up Arbitrage group, Advisor to the Chairman of the Board on Interest Risk Management and Economic Outlook

¥ Banque Nationale de Paris (1985-1988) Advisor to the Treasury Department on Money Markets and Financial Derivatives, representative of BNP for MATIF working groups, setting up Futures and Options desks in the trading room

 

MISCELLANEOUS

¥ Qualified member of Institut Français des Administrateurs

¥ Expert Witness at KERVIEL trial (June 2010)

¥ Audited by Assemblée Nationale for Commission d’enquête sur la Spéculation (Nov 2010)

¥ Member of the Scientific Council of Saint Cyr Foundation

¥ Consultant Unique Consultants, London (1987-2010) mainly in-house training for Futures Markets (MATIF, LIFFE, BELFOX, SAFIA ...) and for banks (Citicorp., Chemical Bank, Creditanstalt, Royal Bank of Scotland ...)

¥ Expert for DSPT 7 of Ministère de L’Education nationale, Economics division (2005-2010)

¥ Member of the jury for Concours d’AGREGATION INTERNE de Sciences Economiques (2000-2001)

¥ Member of the Editorial board of Revue d’Economie Financière

¥ Referee for financial journals and for De Boeck Publisher

 

Chevalier de l’Ordre du Mérite

Ski instructor

 

SUERF Studies Co-Editor of:

¥ Monetary Policy, Regulation and Volatile Markets , SUERF Studies 2008/4

¥ Asset Management in Volatile markets SUERF studies 2008/5


Books:
Marchés à Terme d’Instruments Financiers, C. Lubochinsky & D. Marteau & alii, ESKA Publisher Paris), 1985, 1987
Les Taux d’Intérêt, DALLOZ Publisher (Paris), 1987, 1990
Théorie Financière des Taux d’Intérêt, P. Artus & C. Lubochinsky, P.U.F. Publisher (Paris), 1990
Retraites et Solidarité (editor), Le Cercle des Economistes, Editions Descartes & Cie, 2003

Les Marchés financiers dans la tourmente : le défi du long terme (editor) PUF Descartes, December 2008


REPORTS

¥ La crise financière et les paradis fiscaux: le rôle des territoires non coopératifs dans la déstabilisation de la finance mondiale, 2009 Report for General Delegate to the fight against uncooperative jurisdictions (Minister of Finance), president of the working group

¥ Report for the Casablanca Stock Exchange : Necessary reforms for the implemention of a 5y bond futures contract, 2006

 

SELECT RECENT CONFERENCES

Annual coordination of a round table at Les rencontres Economiques d’Aix en Provence du Cercle des Economistes (Aix en Provence) Since 2003
The price of Time (July 2013)
Is Speculation the enemy of Investment? (July 2014)

 

“Which Financial Europe for the future?” 50th anniversary SUERF/Banque de France
Conference: The Financial Reconstruction of Europe, November 2013, Paris


“Post crisis risk management practices” HEC Montreal Conference: Challenges for the risk management industry, November 2013, Montreal


“Procyclicalité des régulations des marches financiers” Matinales Scientifiques Institut Louis Bachelier , Mai 2014, Paris


“On the roots of short-termism” ICPM International Center for Pension Management/ OECD Forum : Long Horizon Investing, June 2014 , Paris


“Systemic Risk and Insurance” Canadian Institute of Actuaries Annual Conference, Vancouver, June 2014


Co-Organizer (with Peter Christoffersen, Rotman School of Management, University of Toronto) of the 7th SoFiE (Society of Financial Econometrics) Annual Conference, Toronto June 2014


Monthly Global Risk Institute workshops (“Griminars”) for practionners (2013-2014):
-Risks of a prolonged Low Interest rates Environnement for the pension sector
-Systemic risk: a network Science approach
-Impact of High Frequency trading on Market liquidity
-Setting Margins in derivatives markets
-Funding Value Adjustment (FVA) and derivatives valuation
-Illiquidity premia and the Equity Option market
-Mortality Indices and Securitization
-The major flaw in Financial Instability Modelling: macroeconomics without banks
-Extreme risk models within model risks

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