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MIT Professor Andrew W. Lo to Deliver John R. Raben/Sullivan & Cromwell Fellowship Lecture on April 7, 2014

Andrew W. Lo, a Professor at MIT Sloan School of Management, will deliver the 2013-2014 John R. Raben/Sullivan & Cromwell Fellowship Lecture at Yale Law School on Monday, April 7, 2014. The lecture will take place in the Faculty Lounge at 4:30 p.m.

Titled “Big Data, Big Brother, and Financial Regulation,” Lo will address a recurring theme among the many narratives in the financial crisis of 2008 – the complexity of the financial system and the failure of private and public-sector policies to anticipate and attenuate the crisis.

“This failure may be a symptom of the emergence of a new type of risk to the financial system—systemic risk—and the growing mismatch between rapidly evolving financial technologies and increasingly antiquated regulations that were never designed to address these challenges,” said Lo. “However, technology can also be used to improve regulation.”

In his talk, Lo will provide several examples of the potential for big data analytics to transform financial regulation, including self-stabilizing capital requirements, machine-learning models for consumer credit risk management, and aggregate risk measures that guarantee individual privacy.

Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management, the director of MIT’s Laboratory for Financial Engineering, a principal investigator at MIT’s Computer Science and Artificial Intelligence Lab, and an affiliated faculty member of the MIT Department of Electrical Engineering and Computer Science. He received his Ph.D. in economics from Harvard University in 1984, and taught at the University of Pennsylvania's Wharton School from 1984 to 1988. He has published numerous articles in finance and economics journals, and has authored several books including The Econometrics of Financial Markets, A Non-Random Walk Down Wall Street, and Hedge Funds: An Analytic Perspective. He is also a research associate of the National Bureau of Economic Research, a member of the Financial Research Advisory Council of the Office of Financial Research, FINRA’s Economic Advisory Committee, the New York Fed’s Financial Advisory Roundtable, the academic advisory board of the Consortium for Systemic Risk Analysis, the Chicago Mercantile Exchange’s Competitive Market Advisory Council, and founder and chief investment strategist of AlphaSimplex Group, LLC, an investment advisory firm based in Cambridge, Massachusetts.

The John R. Raben/Sullivan & Cromwell Fellowship Lecture brings to the Law School a leading expert in securities law or the accounting for business enterprises, who delivers a public lecture at the School. To attend the talk, please RSVP to marianne.dietz@yale.edu