24 August 2017
IIASA, Laxenburg, Austria
Senior Indonesian bank and finance executives will be visiting IIASA on August 24, 2017 to discuss risk analytics and management, as part of a tour through Europe. The 25 banking executives come from the major banks in Indonesia, including: Bank Rakyat Indonesia, Bank Mandiri, Bank Central Asia, and Bank Negara Indonesia, as well as the Banking Professional Certification Body, and the Indonesia Bankers Association. While at IIASA they will be engaging in discussions regarding systemic risk and climate and disaster resilience.
Following an introductory talk on the work of IIASA by Director General and CEO Professor Dr. Pavel Kabat, the bank executives will attend presentations from researchers in the Risk and Resilience Program (RISK) and Ecosystems Services and Management Program (ESM). These presentations include:
Systemic risk describes the likelihood of an entire system breaking down— a situation caused by cascades of failures in the networks that make up the system. Knowledge of such risk can be invaluable and is researched in both the RISK Program and Advanced Systems Analysis Program. Systemic risk in the financial system comes at an immense social cost and arises to a large extent as a consequence of the interconnectedness of its institutions. The global economic crisis brought to light the importance of understanding how disturbances spread through financial systems. This talk will present options for quantifying financial systemic risk, ways to predict it, and novel methods for reducing systemic risk through network design and control.
IIASA has embarked on a unique alliance with leading humanitarian and development NGOs and the private sector to help build resilience to flooding in communities across the globe. IIASA’s multi-year initiative to operationalize, measure, and help build the resilience of communities to floods— the most devastating natural hazard globally— is part of the innovative Flood Resilience Alliance, launched by Zurich Insurance. This extensive research program, which also focuses on Indonesia, brings together IIASA expertise and skills on risk modeling and systems science with the on-the-ground presence of the International Federation of Red Cross and Red Crescent Societies, plus the international development NGO, Practical Action. The University of Pennsylvania’s Wharton Risk Management and Decision Processes Center is also a key science partner in the initiative. The Flood Resilience Alliance aims to enhance flood resilience at scale by finding innovative ways to reduce risk before a flood strikes. NGO collaborators are using IIASA findings to aid in the design and implementation of interventions to benefit communities.
The final presentation will focus on IIASA’s Tropical Futures Initiative (TFI). TFI is an action oriented partnership between research institutes, international NGOs, policy makers. The partnership focuses on issues surrounding land use sustainability that represent complex nexus between human and social well-being, natural resource utilization, environmental sustainability and economic development. TFI aims to link concrete actions with capacity building, actionable research insights, and scientific methods and tools. Current TFI partners in Indonesia include: the Ministry of National Development Planning, Ministry of Energy and Mineral Resources, World Agroforestry Center, World Resources Institute Indonesia, World Wildlife Fund Indonesia and Institut Teknologi Bandung.
Last edited: 17 August 2017
Research Group Leader and Senior Research Scholar Systemic Risk and Resilience Research Group - Advancing Systems Analysis Program
Ministry of National Development Planning
International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313