CESAM - Center for Studies in Asset Management

Our two CESAM colleagues have been awarded by the best paper published in Finance, the journal of the French Finance Association (AFFI). Their paper is entitled "Volatility regimes and liquidity co-movements in cap-based portfolios" and co-authered with R. Beaupain. The price, amounting 1500 €, will be awarded at the occasion of the French Finance Association Meetings to be held in Strasbourg in May, 2012.

The CESAM is pleased to invite you at this conference to be held at Aula Magna in Louvain-la-Neuve on May 30, 2012. Registration is free but compulsory.

The Prize recognizes her thesis on "Non linear Exchange Rate Dynamics : From Short to Long Term". This thesis was supervised by Professor V. Mignon (Université of Paris Ouest Nanterre and CEPII). The price, amounting 3 000 € was awarded on 9 September 2011, at the occasion of the 60th Annual Congress of the French Economic Association, jointly with the prize of the AFSE.

First, he obtained a financing from the Institut des Reviseurs d'entreprises (IRE) and in collaboration with the Hogeschool-Universiteit Brussel (HUB) to study the role played by external auditors in SMEs, which are actually not obliged to audit their financial statements. The study will be done via a questionaire sent to 10 000 Belgian SMEs. A report will be presented at the IRE in April 2012. Second, he leads a project financed by The Insitute of Internal Auditors Research Foundation (IIRAF) in collaboration with two American colleagues (from Bentley University and Kennessaw State University) on the relationship between interal auditing and the C-suite. This research project is based on case studies of American and European coporations. A report will be published in the summer 2012.

Within the framework of the BNP Paribas Fortis Chair, Professor Viral Acharya (NYU) will give a keynote speech entitled "Measuring and Managing Systemic Risk in the Financial Sector" on September 26, 2011 in Brussels.