Cambridge Judge Business School Discussions on Finance

Islamic finance: the future is great

January 21, 2014 11:32 - 9 minutes - 17.5 MB

The Islamic finance industry is facing a great future, not only because it offers a stable banking system, but also because its benefits are being realised by a greater number of people. Launching his new Cambridge Judge Business School Executive Education programme on Islamic finance, Dr Kamal Munir, Reader in Strategy & Policy at Cambridge Judge Business School, says the British government's move to issue an Islamic bond is good news for the industry.

Islamic finance – conservative, safe and growing dramatically

September 12, 2013 10:11 - 6 minutes - 12.8 MB

The Islamic finance industry is emerging as a crucial component of the future global financial architecture. Cambridge Judge Business School Executive Education is launching a new programme focused on the sector. Dr Kamal Munir says Islamic banks weathered the financial crisis better and outperformed all conventional banks. Their unique services are attracting investors and clients in many parts of the world outside their traditional areas.

European Finance Association AGM for Cambridge

August 08, 2013 16:20 - 7 minutes - 13 MB

Renowned finance academics and leading practitioners will rub shoulders this summer when Cambridge Judge Business School hosts the European Finance Association's AGM. Staging this prestigious event (a first for Cambridge) will enhance the research profile of the business school says the Association's Vice President, Raghavendra Rau, who chairs the EFA's organising committee.

Bonus cap for Euro bankers is a step forward

May 29, 2013 11:45 - 8 minutes - 16.4 MB

The European Union's move to cap bankers' bonuses is a step in the right direction - it's the first time that the EU has reached a consensus on legislation for the sector - but does not go far enough, says Dr Bang Dang Nguyen, who feels all areas of banking should face greater regulation.

Increase transparency around proxy voting

May 14, 2013 09:58 - 9 minutes - 18.1 MB

Dr Pedro Saffi repeats his call for greater transparency around proxy voting and the part played by institutional investors as he outlines a paper to the prestigious American Finance Association. Corporate governance is important to institutional investors, and the proxy process is an important channel for corporate governance.

Finance is less about profits and more about value

April 05, 2013 13:16 - 9 minutes - 16.9 MB

Professor Raghavendra Rau talks about his Executive Education programme, the Cambridge Financial Management Certificate of Achievement, which offers a comprehensive introduction to the major concepts of the theory underpinning finance. The programmes available in the Certificate explore finance from different perspectives, and are aimed at those switching into financial positions or those who've already made the transition.

'Shareholder Spring' failed to make waves

November 27, 2012 14:41 - 11 minutes - 10.4 MB

Cambridge Judge Business School academics Professor Raghavendra Rau and Dr Bang Dang Nguyen agree that the so-called 'Shareholder Spring' that began to emerge in the spring of 2012 proved to be a damp squib.

Large bribes do not lead to greater benefits

November 21, 2012 16:58 - 1 minute - 1.79 MB

Fresh research led by Professor Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School, has revealed that firms bribing their way to contracts under-perform for up to three years before and after securing the work for which the bribe was paid.

Leaner Western banks face slow growth

November 08, 2012 12:38 - 9 minutes - 9.11 MB

After two decades of excessive development, Western banks are going through a shrinkage process and will emerge as less exciting and facing slow growth, forecasts University Lecturer in Finance, Dr Simon Taylor.

Managing in submerging markets

October 02, 2012 12:51 - 10 minutes - 9.78 MB

Adrian Kyriazi, MD and Head of Greece/Cyprus, Poland & Eastern Europe at Credit Suisse Private Bank, talks about managing in submerging markets and the restructuring of the private bank's business as individual net worth in Greece sank by 40 per cent. Credit Suisse Private Bank is now number one for Greek clients.

Banks should put up or shut up

August 28, 2012 09:55 - 8 minutes - 7.67 MB

Professor Raghavendra Rau suggests that the government-commissioned Wheatley Review into the LIBOR rate rigging allegations should make the banks put their money where their mouths are.

The hour between dog and wolf

July 03, 2012 13:27 - 10 minutes - 9.37 MB

Young male city traders on a winning streak shift their risk preferences and take on too much risk. When they lose money in a volatile market, their hormonal response drives the financial community to being risk averse. Dr John Coates explains "We've been trying to identify the molecules and nervous pathways in the body that contribute to this transformation, that would account for shifts in risk preferences which we think destabilise the financial markets."

From top to bottom: Keynes the investor

April 17, 2012 15:35 - 10 minutes - 9.87 MB

Idiosyncratic portfolios and an unconventional approach are two of the findings in the first detailed analysis of John Maynard Keynes' investment philosophy, strategies and trading records by Dr David Chambers and Professor Elroy Dimson. "The popular consensus to have grown up around Keynes is that he was a fantastic investor. Whilst we have not exploded that story, we reveal it is a more nuanced story than this popular view suggests."

Paper promises

March 28, 2012 14:59 - 11 minutes - 10.5 MB

History shows that when debtors default and crisis occur, international monetary systems are remade. A new world order will emerge from the current financial crisis, explains Philip Coggan, Buttonwood columnist and Capital Markets Editor at The Economist, and it will be governed by the creditor nation of the future, China.

Do the maths

February 03, 2012 15:52 - 6 minutes - 6.19 MB

The current climate is a good time to learn about finance explains Professor Raghavendra Rau.

When will Chinese banks change the world?

January 10, 2012 14:47 - 8 minutes - 7.6 MB

It's only a matter of time before China's banks begin to make an impact on the rest of the world. By market value and profits they are among the world's biggest, and five of them are internationally the most profitable.

CEOs are overpaid!

June 07, 2011 10:02 - 9 minutes - 8.73 MB

Over confident, highly incentivised chief executives fall short of shareholder expectations, a new study reveals

Microfinance under the microscope

January 28, 2011 13:19 - 11 minutes - 10.6 MB

Regulatory measures are needed says Dr Kamal Munir. It has become too commercial and profits are being made from the poorest of the poor.

The future of finance

January 04, 2011 12:13 - 9 minutes - 9.12 MB

Financial systems, real estate markets and the changing face of banks, three experts give their cautiously hopeful views on how smart regulation can stimulate these interlinked sectors.

It's not fair! 'Fair value' accounting practices were not to blame for the 2008 financial disaster

December 07, 2010 17:11 - 11 minutes - 10.5 MB

America's regulators now rely on 'fair value' with additional historical or mark-to-market input. Europe's regulators view 'fair value' as the way forward. Unless there is a compromise on international accounting practices, investors face confusion, says Dr Amir Amel-Zadeh.

Long live capitalism

September 30, 2010 11:30 - 12 minutes - 11.4 MB

The crisis has not destroyed capitalism, says Anatole Kaletsky. Instead we are entering a fourth phase, where new balances and checks between the markets and the public sector could lead to faster growth and productivity improvements!

The devil's in the details - regulating financial innovation

June 15, 2010 16:13 - 13 minutes - 12.5 MB

With elections in India in a few months, the war on terror must be squarely at the centre of the political agenda. Not far away will be regulation of finance. As Sonia Gandhi put it, the poor had nothing to do with fancy sounding financial instruments. The livelihoods of the poor are at great risk now that financial globalisation has spread the damaging effects of some types of innovative finance across the world. Dr Paul Kattuman looks at the unintended consequences of complex, unproven fina...

The green new deal

June 15, 2010 15:10 - 6 minutes - 6.4 MB

The days of easy money, easy consumption and easy debt are over, according to Ann Pettifor, who argues that finance should be a servant to the economy, not its master.

Healthy capital market equals healthy nation

June 15, 2010 14:44 - 10 minutes - 9.58 MB

Dr Patrick Byrne, CEO of Overstock.com, explains the concept of "naked shorting", and how he predicted as early as three years ago that the corruption of the regulator of the US capital market would lead to the systemic collapse we have now witnessed, why we need to watch the bank rescue plans and not the stimulus plans and his next predictions for the future.

Lessons from history

June 15, 2010 14:22 - 14 minutes - 13.2 MB

Could the current financial crisis have been predicted from historians knowledge of past down turns and depressions globally? Dr David Chambers, who is Deputy Director of the Master of Finance Programme at Judge Business School and a University Lecturer in Finance thinks so. It appears that from looking closely to what happened in the crash of the 1930s Dr Chamber's has a good grasp of how long it may take us to get out of the current financial difficulties. Structural problems, he says, need...

Humbling the arrogant

June 11, 2010 14:15 - 13 minutes - 12.2 MB

'Arrogance' says Elizabeth Corley, CEO of Allianz Global Investors Europe, is bad for business