Press Release 92/2008

The Financial Crisis as a Challenge

11th Symposium on Finance Management, Banks, and Insurance Companies
Focusing on the financial market: For the 11th time, experts from science and economy meet in Karlsruhe
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480 billion Euros for German banks: The Federal Government agreed on this emergency package in October as a consequence of the worldwide crisis of the financial market that has kept economy, politics, and media busy for months. The crisis will be in the focus of the 11th Symposium for Finance Management, Banking, and Insurance, which will take place at the Karlsruhe Institute of Technology (KIT) from December 17 to 19, 2008.

During the international symposium, representatives of economy and industry as well as scientists will discuss current issues of their fields of work. With more than 100 contributions in 28 sections, this symposium is one of the central events of finance management, banks, and insurance companies in Europe.

The crisis of the financial market is reflected by the list of keynote speakers and their contributions: Professor Dr. Michael Brennan, finance expert from the University of California in Anderson/USA and the London Business School will talk about credit ratings. Then, Dr. Karl Altenburg, Executive Director of the American J.P. Morgan bank in Germany, will highlight challenges and implications of the crisis.

Presentations will also be made by Dr. Bernhard Schareck, President of the General Association of German Insurance Companies, Wolfgang Kirsch, Chief Executive Officer of the DZ Bank AG, Professor Dr. Günter Franke from the University of Konstanz, and Professor Dr. Martin Hellwig, Director of the Max Planck Institute Bonn and expert in the field of systemic risk.

On all three days, the presentations will be made in the plenum or at group sessions. With a few exceptions, they will be in English.

As for the previous conferences, 400 participants are expected to come this year by the organization committee from the Institute for Finance, Banking, and Insurance. The conference will be under the auspices of the Minister President of Baden-Württemberg, Günther H. Oettinger.

Excerpt of the program of Wednesday, December 17:

16 to 18 hrs (Tulla-Hörsaal, building 11.40, Englerstraße 11)

Opening Prof. Dr. Clemens Puppe
Dean of the Faculty of Economic Sciences
Prof. Dr. Jürgen Becker
Vice-President for Studies and Education

Presentations “The Trouble with Credit Ratings”
Prof. Michael Brennan, University of California
“Financial Market Crisis - Challenges and Implications”
Dr. Karl-Georg Altenburg, J. P. Morgan

The presentation will be followed by a reception at the castle of Karlsruhe in the name of the Baden-Württemberg state government:

Willi Stächele, Minister of Finance of the State of Baden-Württemberg
Margret Mergen, Finance Mayor of the City of Karlsruhe
Heinz Ohnmacht, Chief Executive Officer of the BGV Badische Versicherungen.

For the complete program and registration, click the internet. Students may participate in the symposium at no costs (without evening receptions).

The Karlsruhe Institute of Technology (KIT) is the merger of the Forschungszentrum Karlsruhe, member of the Helmholtz Association, and the Universität Karlsruhe. This merger will give rise to an institution of internationally excellent research and teaching in natural and engineering sciences. In total, the KIT has 8000 employees and an annual budget of 700 million Euros. The KIT focuses on the knowledge triangle of research – teaching – innovation.

The Karlsruhe institution is a leading European energy research center and plays a visible role in nanosciences worldwide. KIT sets new standards in teaching and promotion of young scientists and attracts top scientists from all over the world. Moreover, KIT is a leading cooperation partner of industry.

le, December 10, 2008


Monika Landgraf
Head of Corporate Communications, Chief Press Officer
Phone: +49 721 608-41150
Fax: +49 721 608-43658
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Contact for this press release:

Margarete Lehné
Stabsabteilung Presse,
Kommunikation und Marketing (PKM)
Tel.: +49 721 608-8121
Fax: +49 721 608-5681
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