New York University’s Stern School of Business this week announced a multi-year academic partnership with Deutsche Bank to expand research and education related to risk management and financial regulation, according to a recent Financial Times report. Earlier this month, Deutsche Bank announced a similar partnership with the University of Chicago Booth School of Business.
At Stern, the program will be coordinated by the school’s Volatility Institute, which is directed by Nobel Laureate Robert Engle. Deutsche Bank’s funding will support research at the Volatility Institute and the Salomon Center for the Study of Financial Institutions, as well as a series of conferences and other events.
At Chicago Booth, Deutsche Bank will underwrite a new speaker series for MBA students and a new summer conference for PhD students. The “Risk and Regulation in Financial Markets” speaker series for MBA students is already underway. Its inaugural event, which took place on February 9th, featured Douglas Diamond, the Merton H. Miller Distinguished Service Professor of Finance.
The new PhD program, meanwhile, will consist of a multi-day summer conference focused on the regulation of financial markets. Designed to complement Chicago Booth’s existing PhD curriculum, the conference will be open to PhD students as well as invited junior faculty from other top business schools.
Deutsche Bank’s decision to partner with leading business schools around risk management and regulation comes in response to the recent global financial crisis, which resulting in the collapse of major financial institutions, bail outs of other banks by national governments and downturns in stockmarkets around the world. ”The financial crisis has shown that risk management and a strong regulatory framework are critical to healthy markets and economies, so it is imperative we work together to educate tomorrow’s business leaders,” Hugo Banziger, Deutsche Bank’s chief risk officer, said in a statement announcing the Chicago Booth partnership.
