Associate Professor Stefan Trueck
Stefan is an Associate Professor in the Department of Applied Finance and Actuarial Studies. He has held positions at Queensland University of Technology and University of Karlsruhe in Germany where he received a PhD in Statistics. He also has several years of consulting experience for financial institutions in Europe
His research interests focus on risk management and financial econometrics including the fields of:
- credit risk
- operational risk
- power markets
- emissions trading
- real estate finance
- and adaptation to climate change.
Stefan also has a strong research portfolio and has published in international high impact journals including:
- The Journal of Banking and Finance
- The European Journal of Finance
- Energy Economics
- The Economic Record
- The Pacific-Basin Finance Journal
- The Journal of Credit Risk
- Computational Statistics
- Physika A – Statistical Mechanics and its Applications
- Studies on Non-Linear Dynamics and Econometrics
- and Journal of Property Investment and Finance.
He also holds an ARC Discovery Grant on "Managing the risk of price spikes, dependencies and contagion effects in Australian electricity markets.
The value of appropriate risk management techniques for financial institutions.
Financial risk management is the task of creating economic value in a firm by managing exposure to risk, in particular market, credit and operational risk. Inadequate risk management can leave financial institutions exposed to unnecessary losses or business disruption and might even lead to financial distress or default of the firm.
This lecture focuses on the value of appropriate risk management techniques and models for financial institutions. Different aspects of financial risk with focus on market, credit and operational risk are outlined. The lecture will also illustrate while, instead of relying on historical data only, a forward-looking approach including stress tests and conditional models should be used by financial institutions. Lessons that have been learned from the recent financial crisis and future aspects of appropriate risk management will be highlighted.