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Seminar
Department of Systems Engineering and Engineering Management
The Chinese
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Title |
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Behavioural financial modelling:
optimal pricing of retail financial products |
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Speaker |
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Dr. Robert Phelps |
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Head of Centre of Excellence Development and Senior VP for
Consumer Credit Risk, HSBC, |
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Date |
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Oct. 21st, 2011 (Friday) |
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Time |
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5:30 p.m. - 6:30 p.m. |
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Venue |
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LSB LT 6 |
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CUHK |
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Abstract:
Where pricing of tradeable
financial products (e.g. options) has received considerable attention, that of retail financial products such as
credit cards and mortgages has not. This talk introduces the many issues
related to modelling observed consumer behaviour in respect of price changes in financial
products and hence of determining the optimal pricing strategy for those
products. The interrelationship of prices across similar products (cannibalization)
and across competitors is stressed. Examples are drawn from industry
experience across a range of financial products and gaps in current
approaches are highlighted. |
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Biography:
Robert Phelps currently develops the risk model
development centre of excellence which globally leads quantitative model
building practices for HSBC retail banking. He has previously been a
professor in universities (most recently Cranfield
School of Management in |
************************* ALL ARE WELCOME ************************
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Host |
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Prof. Leung Kwai Sun, Philip |
Tel |
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(852) 2609-8307 |
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Enquiries |
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Prof. Nan Chen or Prof. Sean X. Zhou |
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Department of Systems Engineering and Engineering
Management |
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CUHK |
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