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## Mathematics in Finance: Systemic Risk

At the SIAM Annual Meeting held in Minneapolis in July, Dr. George Papanicolaou of Stanford University surveyed a topic of great relevance today—models for systemic risk and the implications that can be drawn from them. Laying out the picture of an evolving system with a large number of interconnected components, he described Systemic Risk as the probability of overall failure of the system. Papanicolaou spoke about the effect of electronic trading and automated exchanges increase in increased liquidity and risk, illustrating the significance of systemic risk in current mathematical finance research.

Watch a brief video overview of his talk and interview:

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## SIAM Unwrapped October 2012

News & announcements for the SIAM membership community

Dear SIAM members,

Have you renewed your membership for 2013? If you need to be reminded, view the 2013 renewal brochure for all the reasons why you should be a SIAM member.

If you teach or supervise interns, you can nominate two of your students for free membership. If you are currently unemployed, you may be eligible to receive special rates.