2024 RiskLab/BoF/ESRB Conference on Systemic Risk Analytics

6-7 June 2024

RiskLab at Arcada, Bank of Finland and European Systemic Risk Board joint conference
Helsinki, Finland


AI (Artificial Intelligence) is a new transformative technology that has shown its potential during the recent years. As evidenced, the fast development of AI methods and data centricity in finance is providing opportunities, but it is also posing new challenges to our economies. In particular, we have seen an uplift in several areas of AI, but especially in language technology and LLMs (Large Language Models). These technologies could change our societies profoundly, and therefore well-planned and targeted policies are key to develop a safe and sustainable society with the AI.

This year’s Systemic Risk Analytics conference has a strong focus on AI and systemic risk. The aim of the conference is to adopt methods and techniques from other disciplines, such as computer science, engineering, biology and physics, that use computer-intensive approaches, novel data sources, and of course AI. Examples of possible topics include how LLMs can be used to detect systemic risk, and whether AI and quantum computing can pose new sources of systemic risks, e.g. operational risks and cyber risks.

Beyond of this, the conference welcomes also submissions on more traditional tools of systemic risk analytics and macroprudential policy, such as early-warning indicators, network and contagion analysis, macro stress-testing, tools for big data analytics.

The conference includes several keynotes, presentations and poster sessions. Extended abstracts are welcome as well. Topics for panel discussions are especially welcome this year.


The themes of the conference cover policy and practitioner-oriented research related to systemic risk measurement. We solicit contributions covering a broad range of techniques related to systemic risk analytics, particularly related to (but not limited to) the following themes (new and themes with a special focus are in bold):

  • Use of Large Language Models (LLM) and trustworthy AI
  • Cyber security and operational risks as sources of systemic risk
  • AI and Quantum Computing as potential source of new systemic risks
  • Use of AI with big data for systemic risk analytics
  • Risks and opportunities stemming from disruptive innovations in financial technology (FinTech)
  • Using systemic risk analytics to support macro-prudential policy and regulation
  • Analysing emerging risks from interconnectedness of the financial system
  • Identifying risks from market-based finance
  • Evidence of macroprudential policy measures
  • Economic policies in the turbulent and uncertain times

Paper submission

Papers to be considered for presentation at the conference and workshop should be submitted via online form by 17 March 2024: https://www.lyyti.in/SRA2024cfp.

Accepted paper presenters will be notified in due course, as well as the format of the presentations; there will be both oral and poster presentations in the conference.

Format, timing and venue

The conference will be held in a hybrid format, allowing virtual participation. The conference will take place on 6-7 June 2024 at Bank of Finland in Helsinki. The conference includes keynotes, presentations and poster sessions. The conference is accompanied with a social event for speakers on 6 June, taking place at the Bank of Finland Villa.

Registration instructions

Conference participation requires pre-registration and is free of charge. However, participants are expected to pay their expenses for travel and accommodation. Registration to the event will open later in the spring. More information will can be requested at fs.events@bof.fi.

A joint conference by RiskLab at Arcada, Bank of Finland and ESRB


  • What: Conference on Systemic Risk Analytics

  • When: 6-7 June 2024

  • Where: Bank of Finland, Helsinki, Finland

  • To whom: Central bankers, supervisors, regulators, researchers, students and other interested parties

Keynote speakers

  • Olli Rehn (Governor, Bank of Finland)
  • Jon Danielsson (Director of the Centre and Reader in Finance, LSE)
  • Iman van Lelyveld (Data Science Hub, VU Amstredam, Tinbergen Institute)
  • Peter Sarlin (CEO, Silo AI)
  • and speakers on topics such as quantum technology TBC

Organizing committee

  • Kaj-Mikael Björk (Centre for Intelligent Computing, cic.utu.fi, and RiskLab at Arcada
  • Tuomas Peltonen (European Systemic Risk Board)
  • Peter Sarlin (Silo AI)
  • Katja Taipalus (Bank of Finland)

Programme committee

  • Iman Lelyveld (Data Science Hub, VU Amsterdam, Tinbergen Institute)
  • Esa Jokivuolle (Bank of Finland)
  • Camelia Minoiu (Federal Reserve Bank of Atlanta)
  • Jozsef Mezei (Faculty of Social Sciences, Business and Economics and Law, Åbo Akademi University)
  • Kaj-Mikael Björk (Centre for Intelligent Computing, cic.utu.fi, and RiskLab at Arcada)