Brevan Howard Symposium

Model Risk Management and Optimum Securities Design

Business Finance for Global Food Security

Hosted by the Centre for Environmental Policy and the Brevan Howard Centre for Financial Analysis

22nd October, 5pm Clore Lecture Theatre (Huxley Building)

https://workspace.imperial.ac.uk/campusinfo/public/sthkencampus.pdf 

Introduction

Globally, 800 million people experience hunger whilst two billion are considered to be poorly nourished. In order to meet the needs of an increasing global population rising to 10 billion by 2050 and changes in diets in emerging economies, food production will have to be doubled. Developed country dinner tables are also affected because supermarkets source an increasing number of staple products from the developing world.      

These pressures on the food system will also increase its vulnerability to shocks. In particular, future climate projections indicate that a very serious consequence of post-industrial anthropogenic global warming is the likelihood of the greater frequency and intensity of extreme weather events. This will threaten basic food and nutrition security targets in regions where crop productivity is already low and hunger is persistent. It will also threaten complex food supply chains throughout the world.

The increase in probability of broad-spread crop failures requires new sources and types of financial and insurance products. In order to ensure the sustainability of product sourcing the increased costs caused by extreme weather to the food-and-fiber industry, farmers, and society, need to be minimized and more smoothly managed. This colloquium provides world class experts from the world class institutions involved in this challenge. Our speakers will focus upon the challenges posed to the financial sector in dealing with “known unknowns” with short and long term capital investment. In the face of non-stationary risk drivers, the use of innovative risk metrics for optimum risk sharing, securities and financial instrument design will be presented in the event’s essential conversation among those present. These mechanisms are vital because private sector capital drives investment in agriculture and therefore food flows around the world.

Schedule

1. Welcome to Imperial College London Business and opening of Colloqium (5 min)

-          Anand Anandalingam, Dean, Imperial College London Business School

 2. Introduction of all speakers and schedule of lecture (5 min)

-          Erik Chavez, Research Fellow, Imperial College London Centre for Environmental Policy and Zen Makuch, Head of Department, Imperial College London Centre for Environmental Policy

3.         Opening address (10 min)

-          Sir Gordon Conway, Director, Agriculture for Impact, Centre for Environmental Policy

4.         Panel Discussion (Moderator: Enrico Biffis, Associate Professor, IC Business School)

-          Franklin Allen (15 min), Executive Director, Brevan Howard Centre for Financial Analysis, Imperial College London Business School, Finance Department

-          David Simmons (15 min), Managing Director, Science, Capital and Policy Practice, Willis

-          Marc Sadler (15 min), Director of Agricultural Risk Management Team and Adviser of Risk and Markets Practice of the World Bank

 5.        Final remarks on Best Practice and audience Q&A

-          Zen Makuch (10 min), Head of Department, Centre for Environmental Policy

 6.         Audience Q&A (25 min)

 -          All Attendees - Drinks & networking (1h)

This is a public event open to everyone in our University staff and students alike.

 http://www3.imperial.ac.uk/newsandeventspggrp/imperialcollege/naturalsciences/environmentalpolicy/eventssummary/event_2-10-2015-15-53-16