NEWS
11th Annual Conference on Financial Market Regulation
Conference paper: ‘Detecting the risk of cross-product manipulation in the EUREX fixed income futures market’
SEC, Washington, D.C., USA, May 2024
From LIBOR and Euroyen TIBOR to TONA and OSE 3-Month TONA Futures: A Brief History
Market News & Insights (powered by JPX), 22 April 2024.
OSE 3-Month TONA Futures: Evaluating the New Dish on the Japanese Product Menu
Market News & Insights (powered by JPX), 22 April 2024.
ICAPE
Conference paper: ‘Decomposing the Rate of Inflation: Price-Setting and Monetary Policy’
San Antonio, TX, USA, January 2024
International Conference on Economic Theory and Policy
Keynote: ‘The Evolution of Central Banking in the Modern Era: From Targeting Inflation to Controlling Debt and the Cost of Living’
Tokyo, Japan, September 2023
2nd Special Theme Conference on The Effectiveness of Financial Regulation
Conference paper: ‘Cross-Product Manipulation in Fixed Income Markets’
Richon LeTsiyon, Israel, June 2023
12th Counter Fraud, Cybercrime and Forensic Accounting Conference
Conference paper: ’Detecting Cross-Product Manipulation’
Portsmouth, UK, June 2023
BaL R&I Conference
Conference paper: ’Reg-Tech and Cross-Market Surveillance’
Portsmouth, UK, June 2023
JPX-Eurex Joint Webinar: The Euro and Yen Ibor transition - New trading opportunities in derivatives
Interview Session
Virtual, May 2023
1Lod Trade Surveillance Deep Dive
Panel: Detecting Cross-Product Market Abuse
Virtual, April 2023
1Lod Trade Surveillance Deep Dive
Keynote: Cross-Market Spoofing
Virtual, April 2023
2023 Annual Meeting - American Economic Association
Conference paper: ‘The Anatomy of Three Scandals: Conspiracies, Beauty Contests and Sabotage in OTC Markets’
New Orleans, LA, January 2023
ACI Financial Markets Association
Keynote: ‘A Reflection on Trading and Controls’
Oslo, Norway, November 2022
International Conference on Economic Theory and Policy
Conference paper: ‘Cross-Market Spoofing’
Tokyo, Japan, September 2022
‘Why Black Wednesday still matters – it was the start of markets telling politicians what to do’
The Conversation, 15 September 2022.
Special Theme Conference on The Effectiveness of Financial Regulation
Conference paper: ‘Cross-Market Spoofing’
Tel Aviv, Israel, June 2022
Financial Engineering and Banking Society (FEBS) 11th International Conference
Conference paper: ‘Cross-Market Spoofing’
Portsmouth, UK, June 2022
2022 Annual Meeting - American Economic Association
Conference paper: ‘The Evolution of Monetary Policy Focal Points’
Virtual, January 2022
The Sixth Cross Country Perspective in Finance (CCPF) Symposium
Conference paper: ‘Independent Policy, Dependent Outcomes: A Game of Cross-Country Dominoes across European Yield'
Curves’
Virtual, December 2021
‘I was on a frenzied trading floor when 9/11 broke – here’s what I witnessed’
The Conversation, 7 September 2021.
The Sixth Cross Country Perspective in Finance (CCPF) Symposium
Conference paper: ‘Independent Policy, Dependent Outcomes: A Game of Cross-Country Dominoes across European Yield'
Curves’
Virtual, June 2021
2021 Annual Meeting - American Economic Association
Conference paper: ‘Beyond LIBOR: Money Markets and the Illusion of Representativeness’
Virtual, January 2021
XLod Global
Panel Discussion: Rogue Traders
17-19 November 2020
Why Japanese yen is still one of the safest places to park your money in a market crash
The Conversation, 13 March 2020.
2020 ACFE FRAUD CONFERENCE MIDDLE EAST
Keynote: ‘What makes a trader rough?"‘
Dubai, UAE, 23-25 February 2020
Svenska YLE
Maria och sommarpratarna. Avsnitt 2: Brott och straff, 12 January 2020
BBC One – The One Show
Short film, 9 January 2020
The 2019 Cross Country Perspective in Finance (CCPF) Symposium
Paper: ‘From CIP-Deviations to a Market for Risk Premia: A Dynamic Investigation of Cross-Currency Basis Swaps’
Mauritius, 30.11-04.12.2019
Nasdaq Surveillance Conference 2019
Panel: Monitoring across Segments: Surveillance in OTC, crypto and other emerging asset classes
Paris, 14-16 October 2019.
Hanken Network Day 2019
Keynote: Risk Taking and Career Choices
Hanken School of Economics, Helsinki, Finland, 26 September 2019.
Fourth Annual Conference of the Japan Economy Network
Paper: ‘From CIP-Deviations to a Market for Risk Premia: A Dynamic Investigation of Cross-Currency Basis Swaps’
Bank of Japan, Tokyo, Japan, 26-27 August 2019.
Build a Better Culture
Talk: Risk Taking Culture
Leathwaite, London, 4 July 2019.
Market Oversight and Surveillance Conference
Talk: ‘Deceptive Limit Order Submission Strategies: The Case of OTC FX’
London, UK, 27 June 2019.
9th Counter Fraud and Forensic Accounting Conference
Talk: ‘Detecting Fraudulent Algorithms in Foreign Exchange Markets’
Portsmouth, UK, 5-6 June 2019.
Quantinsti
Webinar: Algorithmic Trading in FX Markets, 30 January 2019.
The ‘Cartel’ three: not guilty, but still paying a penalty
Interview in FX Week, 22 February 2019.
2019 Annual Meeting - American Economic Association
Conference paper: ‘The Covered Interest Parity Puzzle and the Evolution of the Japan Premium'
Atlanta, GA, USA, January 2019.
2018 Cross Country Perspectives in Finance (CCPF) Conference
Conference paper: ‘Spoofing and Pinging in Foreign Exchange Markets’
Dar es Salaam, Tanzania, December 2017.
Alexis Stenfors: Riskitekijä – Pankkimaailman pimeä puoli
Talous & Yhteiskunta 4/2018 | Lukuvihje.
Managing Benchmark Regulation Reform in Financial Markets
Talk: ‘What Does the Rise of Algorithmic Trading Hold for the Benchmarks Space?’
London, UK, November 2018.
ACFE UK Annual Conference 2018
Talk: ‘Some Reflections on Rough Trading’
London, UK, November 2018.
Helsinki Book Fair 25-28 October 2018
Book: ‘Riskitekijä – Pankkimaailman pimeä puoli’
"100 Millionen Dollar verzockt"
Interview in Süddeutsche Zeitung, 14 September 2018.
Ekonomiska Samfundet
Talk: ‘Fartblindhet, kortsiktighet och risker i finansbranschen – Erfarenheter och lärdomar’
Helsinki, Finland, September 2018.
Research and Innovation Conference
Presentation: ‘Measuring the real-time correlation between emotional changes and risk-taking behaviour’
Portsmouth, UK, September 2018.
The 14th Annual Conference of the Asia-Pacific Association of Derivatives
Conference paper: ‘The Impact of Strategic Limit Order Submissions on Foreign Exchange Market Liquidity’
Busan, Korea, July 2018.
Vegas sommarpratare 2018
The 2018 Cross Country Perspectives in Finance Symposium
Conference paper: ‘Deception and Hidden Information in FX Limit Order Books’
Guangzhou, China, June 2018.
"Risktagande: en himmelsk-djävulsk drog"
Interview in Affärsmagasinet Forum, 23 June 2018.
14th Research and Innovation Conference
Conference paper: ‘High-frequency trading, liquidity withdrawal and the breakdown of conventions in foreign exchange markets’
Portsmouth, UK, June 2018.
Yhteys todellisuuteen
Interview in Ulkopolitiikka 2/2018.
Interview in “Spotlight: Miljoner i en blink del 2”
Yle, 13 May 2018.
Interview in “Spotlight: Miljoner i en blink del 2”
Yle, 6 May 2018.
Interview in "Efter Nio"
Yle, 30 April 2018.
Sadan miljoonan euron vilpin tehnyt pankkiiri Kova talous -haastattelussa: Älä usko aina pomoa
Yle Uutiset, 23 April 2018.
Huijaripankkiiri Alexis Stenfors peitteli virheitään 100 miljoonalla, tunnusti ja sai porttikiellon pankkialalle
Aamulehti, 21 April 2018.
"En miljon kändes ingenstans". Alexis Stenfors föreläste om sin turbulenta tid som värdepappershandlare i London
Vasabladet, 20 April 2018.
A Perspective on Risk Taking and Rogue Trading
Public lecture, Centria University of Applied Sciences, Kokkola, Finland, 20 April 2018.
The Dark Side of Banking
Public lecture, University of Tampere, Tampere, Finland, 19 April 2018.
Satojen miljoonien tappiot tehnyt suomalaistreidari kertoo oman sijoitustoimintansa kulmakivet
Taloustaito, 18 April 2018.
Alexis Stenfors: "Jag var en person som folk inte ville förknippas med"
Hufvudstadsbladet, 18 April 2018
Alexis Stenfors: Riskitekijä. Pankkimaailman pimeä puoli (Vastapaino, 2018)
Book launch, 17 April 2018, 5.00pm.
Akateeminen Kirjakauppa, Pohjoisesplanadi 39, 00101 Helsinki, Finland.
ARVOPAPERIKAUPPIAS AIHEUTTI PANKILLE LÄHES PUOLEN MILJARDIN TAPPIOT - NÄIN KAIKKI TAPAHTUI
Radio Rock, 16 April 2018.
RISKITEKIJÄ-KIRJA SUMMAA, MILLAISTA ON AIHEUTTAA 456 MILJOONAN EURON TAPPIOT TYÖNANTAJALLE
Radio Rock, 16 April 2018.
Kun riskistä tuli huume – Alexis Stenfors avaa kirjassaan pankkien pimeän puolen
Talouselämä, 15 April 2018.
Alexis Stenfors – bankiren från Karleby som förlorade 456 miljoner i finanskrisen
Vasabladet, 14 April 2018.
Association of Certified Fraud Examiners (ACFE) European Fraud Conference 2018
Keynote speech: ‘A Perspective on Rough Trading’
Frankfurt am Main, Germany , 6 April 2018.
"Finanssialan seuraava kriisi on koneiden aiheuttama" – Entinen huijaripankkiiri Alexis Stenfors varoittaa aggressiivisista algoritmeista
Talouselämä, 25 March 2018.
"Sääntelyä ei tarvittaisi, jos pankkeihin voisi luottaa” – 100 miljoonan dollarin huijauksen tehnyt Alexis Stenfors ei nähnyt pankkiurallaan koskaan lakimiestä
Talouselämä, 25 March 2018.
Suomalainen ex-huippupankkiiri paljastaa, miten Lontoon treidaajat purkivat pahimpia paineitaan
Taloussanomat, 25 March 2018.
Suomalainen Alexis Stenfors kertoo, miten hänestä tuli yksi maailman pahamaineisimmista huijaripankkiireista: ”Riskinotto on kuin seksiaddiktille antaisi Viagraa”
Iltalehti, 23 March 2018.
Ex-investointipankkiiri: Finanssikriisi oli pankkien syytä
Iltalehti, 23 March 2018.
2018 Annual Meeting - American Economic Association
Conference paper: ‘High-frequency trading, liquidity withdrawal and the breakdown of conventions in foreign exchange markets'
Philadelphia, PA, USA, January 2018.
2017 Cross Country Perspectives in Finance (CCPF) Conference
Conference paper: ‘Liquidity Withdrawal in the FX Spot Market: A Cross-Country Study Using High-Frequency Data’
Chiang Mai, Thailand, December 2017.
13th International Conference on Asian Financial Markets and Economic Development
Conference paper: ‘Liquidity Withdrawal in the FX Spot Market: A Cross-Country Study Using High-Frequency Data’
Nagasaki, Japan, December 2017.
Eye of the Storm with Emma Barnett
BBC Radio 5 live, 9 November 2017.
Abenomics and the Transmission Mechanisms of Economic Policy
Workshop paper: 'Financial Market Indicators and Risk Premia since the Launch of Abenomics'
SOAS University of London, London, UK, November 2017.
Managing Benchmark Regulation Reform in Financial Markets Conference
Talk: 'View from the Trading Floor: The Breaking and Fixing of Benchmarks'
London, UK, November, 2017.
The future of LIBOR
Interview in Chartered Banker, October/November 2017.
Autumn Annual Meeting, Japan Society of Monetary Economics
Talk: 'Competing financial centres: Reflections from Europe'
Kagoshima, Japan, September/October 2017.
International Conference on Economic Theory and Policy
Conference paper: ‘High-frequency trading, liquidity withdrawal and the breakdown of conventions in foreign exchange markets'
Meiji University, Tokyo, Japan, September 2017.
Second Annual Conference of the Japan Economy Network ‘Japan and the Asian Economy’
Conference paper: 'Uncovering the Japan Premium and the Dollar Premium from a Market Micro Foundation Perspective'
Asian Development Bank Institute, Tokyo, September 2017.
I was a trader on the day of the financial crash – this is what really happened
The Independent, 10 August 2017.
‘The day the world changed’: Ten years on from global financial crisis experts warn it could happen again
news.com.au, 10 August 2017.
On the 10th anniversary of the global financial meltdown, here's what's changed
USA Today, 8 August 2017.
‘The day the world changed’ – a former trader on how the credit crunch kicked off
The Conversation, 7 August 2017.
Interview with Business Insider
Business Insider, 4 August 2017.
Interview in Helsingin Sanomat
Helsingin Sanomat, 16 July 2017.
A rogue trader who lost £350 million explains why he became so addicted to risk-taking
Business Insider, 17 June 2017.
Inside the LIBOR fixing scandal
CNBC, 13 June 2017.
This rogue trader lost £350 million but found trading big numbers as boring as 'sorting tomatoes'
Business Insider, 12 June 2017.
2017 Cross Country Perspectives in Finance (CCPF) Conference
Conference paper: ‘Liquidity Withdrawal in the FX Spot Market: A Cross-Country Study Using High-Frequency Data’
Chengdu, China, June 2017.
Counter Fraud and Forensic Accounting Conference 2017
Talk: 'Barometer of Fear'
Centre for Counter Fraud Studies Conference (CCFS)/Portsmouth Business School Accounting Group (PBSAG), Portsmouth, UK, 7 June 2017.
Alexis Stenfors: Barometer of Fear
Book launch, 24 May 2017, 4.30pm.
Blackwell’s Portsmouth, University of Portsmouth, Cambridge Rd, Portsmouth PO1 2EF.
Knowledge@Wharton
Sirius XM Channel 111, 26 May 2017.
Alexis Stenfors: Barometer of Fear
Book launch, 17 May 2017, 6.30pm.
Waterstones’ Economists Bookshop, LSE, Clare Market, Portugal St, London WC2A 2AB.
Newshour
BBC World Service, 16 May 2017.
The scandal might be over but LIBOR ethics remain fundamentally flawed
The Conversation, 12 May 2017.
Confessions from the City: The FX manager
The Evening Standard, 12 May 2017.
Artificial Intelligence: Regulatory Risk and Opportunity
Talk: 'Algorithmic and high-frequency FX trading: conduct and systemic risks'
Peters & Peters LLP, London, 10 May 2017.
Confessions of a rogue trader: ‘I still check the markets’
The Times, 9 May 2017.
Today Programme
BBC Radio 4, 9 May 2017.
click here to listen (15 minutes in)
What’s it like to lose £350m? A rogue trader confesses
The Observer, 7 May 2017.
Why the BBC’s secret recording on the Bank of England and Libor is significant
i, 10 April 2017.
Tom Hayes and how he was caught in the Libor web
The Financial Times, 4 April 2017.
Alexis Stenfors – A Barometer of Fear
The Bregman Leadership Podcast, Episode 67, 27 March 2017.
click here to listen to the podcast
Review: Libor revealed dark underbelly of trading
Reuters, 3 March 2017.
Conference on Foreign Exchange Swaps in the Money and Financial Markets
Conference paper: 'Uncovering the Covered Interest Rate Parity from a Market Micro Foundation Perspective'
SOAS, University of London, London, UK, February 2017.
International Conference on Economic Theory and Policy
Conference paper: ‘The impact of large FX orders on high-frequency trading behaviour'
Meiji University, Tokyo, Japan, September 2016.
Workshop on Abenomics and the Financial Markets
Workshop paper: 'Abenomics, Japanese banks and the 2016 US dollar squeeze'
Meiji University, Tokyo, Japan, September 2016.
Libor rigging: How much did the bosses know?
The Evening Standard, 13 July 2016.
A Disgraced Trader’s Struggle for Redemption
Interview in The Wall Street Journal, 30 April 2016.
CFA-FRL-JIFMIM - Schulich Conference on Financial Market Governance and Misconduct
Conference paper: 'Bid-Ask Spreads in the FX Swap Market: Competition, Collusion or a Convention?’
York University, Toronto, Canada, April 2016.
ICARE workshop, Southwestern University of Finance and Economics (SWUFE)
Chengdu, China, March 2016.
Best Practice Approaches to Managing Benchmark Risk in Financial Markets
Talk: 'Trading vs Compliance: is there cause for concern?’
London, UK, January 2016.
The consequences of Japan Inc’s weak investment
Letter to The Financial Times (with J. Toporowski, E. Karwowski and M. Shabani) 17 January 2016
11th International Conference on Asian Financial Markets and Economic Development
Conference paper: 'Determining the Bid-Ask Spread in the USD/JPY FX Swap Market: Competition, Collusion or a Convention?’
Nagasaki, Japan, December 2015.
V-FI Americas 2015: Valuation of Financial Instruments Conference
Keynote speech: 'Rogue Trading: A Perspective on Mismarking and Lessons for Valuation, Product and Front Office Control'
New York, NY, October 2015.
International Conference on Economic Theory and Policy
Conference papers: ‘Abenomics and the Return of the Japan Premium’, ‘Determining the Bid-Ask Spread in the USD/JPY FX Swap Market: Competition, Collusion or a Keynesian Convention?’
Meiji University, Tokyo, Japan, September 2015.
6th Annual Conference in Political Economy
Conference paper: ‘FX Swap Bid-Ask Spreads: Competition, Convention or Collusion?’
University of Leeds, UK, September 2015.
V-FI 2015: Valuation of Financial Instruments Conference
Keynote speech: 'A Perspective on Mismarking and Lessons for Valuation, Product and Front Office Control'
London, June 2015.
5th Counter Fraud and Forensic Accounting Conference
Conference paper: 'LIBOR and FX manipulation: a conspiracy or a market convention'
Institute of Criminal Justice Studies, University of Portsmouth, UK, June 2015.
Constructing Financial Risk: Key Perspectives and Debates
Workshop paper: 'The LIBOR Eclipse: political economy of a benchmark'
Cass Business School, London, UK, April 2015.
FESSUD Annual Conference 2014: Understanding and responding to the financial crisis
Warsaw, Poland, October 2014.
IBC Legal’s 4th Annual Financial Litigation Conference
Panel: ‘LIBOR, Forex and other Market Manipulation Litigation’
London, UK, October 2014.
IIPPE 5th Annual Conference in Political Economy: The Crisis: Scholarship, Policies, Conflicts and Alternatives
Conference paper: ‘Financialisation in Sweden: Nordic Noir or Safe Haven?’
Naples, Italy, September 2014.
IBC Legal’s 3rd Annual Financial Institutions Litigation Conference
Panel: ‘LIBOR and mis-selling claims’
London, UK, October 2013.
IIPPE 4th International Conference in Political Economy: Political Economy, Activism and Alternative Economic Strategies
Conference paper: ‘Does the LIBOR Misdirect Monetary Policy? A Case Study on the NIBOR and Norges Bank 2007-2011’
International Institute for Social Studies, The Hague, The Netherlands, July 2013.
Storbankene har gitt nordmenn for høy rente
Interview in Aftenposten, 7 March 2013.
A fine against RBS will not fix Libor
Op-ed in The Financial Times, 6 February 2013.
Royal Economic Society PhD Presentation meeting
Conference paper: ‘LIBOR as a Keynesian Beauty Contest: A Process of Endogenous Deception’
Queen Mary, London, UK, January 2013.
LIBOR Games: Public Seminar hosted by SOAS and RMF
Papers: ‘Means, Opportunities and Incentives to Deceive’ and ‘LIBOR as a Keynesian Beauty Contest: A Process of Endogenous Deception’
SOAS, London, UK, November 2012.
Barclays Libor case could have severe consequences for banks
Interview in The Guardian, 28 October 2012.
Political Economy and the Outlook for Capitalism - Joint conference AHE, IIPPE, AHE
Conference paper: ‘The LIBOR Illusion & the Structural Power of Central Banks’
Paris, France, July 2012.
IIPPE 2nd International Conference in Political Economy: Neoliberalism and the Crises of Economic Science
Conference paper: ‘The Power Relationship between Central Banks and Banks’
Istanbul University, Beyazit, Turkey, May 2011.