Online lectures on May 5, 12, 19, and 26, 2026
Students of the Faculty of Management are cordially invited to participate in a series of four lectures entitled “Systemic Risk in Finance”, delivered by Dr. hab. Grzegorz Hałaj – Advisor and expert in stress testing at the European Central Bank, and an expert at the AI Lab of SGH.
The lecture series is held under the patronage of the Committee on Statistics and Econometrics of the Polish Academy of Sciences.
All lectures will be held online on May 5, 12, 19, and 26, 2026, from 13:30 to 15:00.
The aim of the lectures is to present a structured approach to measuring, managing, and regulating systemic risk, in order to equip risk managers and decision-makers with tools that enhance the effectiveness of their work. The lectures will also encourage discussion on the complexity of the financial system, as well as the challenges and limitations of current methods for analyzing financial interconnections. Furthermore, they aim to inspire researchers to address open problems discussed during the lecture series, promoting a rigorous, research-based approach to systemic risk modeling. The content of the lectures will be based on the lecturer’s 20 years of research experience and active professional involvement in this field.
Lecture schedule (including links to meetings):
• May 5, 13:30–15:00 – Systemic Risk in Finance – Lecture 1 Systemic Risk in Finance - Wykład 1 | Dołącz do spotkania | Microsoft Teams
Systemic risk: definitions and foundations of quantitative methods
The financial system as a network: graph representation of interconnections
• May 12, 13:30–15:00 – Systemic Risk in Finance – Lecture 2 Systemic Risk in Finance - Wykład 2 | Dołącz do spotkania | Microsoft Teams
Incomplete information: methods for reconstructing financial networks
Comparative measures: systemic risk indicators
• May 19, 13:30–15:00 – Systemic Risk in Finance – Lecture 3 Systemic Risk in Finance - Wykład 3 | Dołącz do spotkania | Microsoft Teams
Shock transmission: the role of financial networks
Behavior of financial agents: emergence of systemic risk
• May 26, 13:30–15:00 – Systemic Risk in Finance – Lecture 4 Systemic Risk in Finance - Wykład 4 | Dołącz do spotkania | Microsoft Teams
Scenario analysis: stress testing and calibration of macroprudential measures
Future directions: the financial system as a complex whole