As part of the relationship, Deutsche Bank will fund course design and teaching for risk management and financial regulation at the doctoral level within the school’s finance department. The funding will also support research at two NYU Stern research centers, The Volatility Institute and the Salomon Center for the study of financial institutions, as well as annual events addressing risk and regulation.
The events include an annual conference on risk hosted by The Volatility Institute and a ‘research day’ to present the results of research conducted by NYU faculty and other scholars to practitioners and the academic community.
Hugo Banziger, chief risk officer and a member of the management board at Deutsche Bank, said: “Strong risk management and robust financial regulation are the bedrock of a stable financial system. Deutsche Bank is committed to ensuring these are at the top of the agenda in the current regulatory reform debates and, with this partnership, we can help ensure they are also focal points in the education of future business leaders.”
Ingo Walter, vice dean of faculty at NYU Stern, said: “Constructive interaction between the academic world and key firms and regulators engaged in the financial sector can be highly productive in a dialogue that helps point to sensible solutions to evident risk control problems in a way that promotes the public interest.”
Peter Henry, dean of NYU Stern, said: “We are delighted with this partnership with Deutsche Bank as it will link academics and practitioners and lead to a better understanding of risk in our financial system. NYU Stern faculty have been at the forefront of thought leadership on financial issues for decades, and last year addressed systemic risk and its regulation in their book, ‘Restoring Financial Stability’. This funding will provide further support for Stern’s continuing significant contributions to this body of literature.”
