Media Releases

Rotman professor named as Bank of Canada Fellowship Award winner

March 25, 2013

TORONTO, ON– A finance pro­fes­sor from the Uni­ver­si­ty of Toron­to’s Rot­man School of Man­age­ment has been named as the recip­i­ent of the Bank of Canada’s Fel­low­ship Award for 2013. This year’s Award pro­vides finan­cial sup­port for a five-year peri­od from 2013 to 2017 to an aca­d­e­m­ic who is rec­og­nized for their exper­tise and excel­lence in areas impor­tant to the Bank’s man­date.

Peter Christof­fersen is a pro­fes­sor of finance at the Rot­man School and is inter­na­tion­al­ly rec­og­nized as an expert in risk man­age­ment. His main research inter­ests are in volatil­i­ty mod­el­ing for option val­u­a­tion as well as in devel­op­ing back test­ing pro­ce­dures for risk man­age­ment sys­tems. He is the author of the Ele­ments of Finan­cial Risk Man­age­ment, Sec­ond Edi­tion (Aca­d­e­m­ic Press, Decem­ber 2011). He has won research awards from the Q‑Group, KPMG, the Mon­tre­al Exchange and STOXX. He has giv­en invit­ed lec­tures at the Bank of Amer­i­ca, the Bank of Cana­da, the Euro­pean Cen­tral Bank, the Board of Gov­er­nors of the Fed­er­al Reserve and the Inter­na­tion­al Mon­e­tary Fund among oth­ers. Since 2012, he has also been a mem­ber of the Mod­el Val­i­da­tion Coun­cil at the Board of Gov­er­nors of the U.S. Fed­er­al Reserve Sys­tem. Before join­ing the Rot­man School in 2010 he taught at McGill Uni­ver­si­ty and worked as an econ­o­mist at the Inter­na­tion­al Mon­e­tary Fund in Wash­ing­ton, D.C. His PhD is from the Uni­ver­si­ty of Penn­syl­va­nia.

“The Bank of Cana­da is very pleased to present this year’s Fel­low­ship Award to Pro­fes­sor Christof­fersen,” said Mark Car­ney, Gov­er­nor of the Bank of Cana­da. “His ambi­tious research agen­da relat­ed to the mea­sure­ment of sys­temic risk, struc­tur­al mod­el­ling of house­hold defaults, improve­ment of stress-test­ing tech­niques and the design of opti­mal risk-man­age­ment strate­gies is not only time­ly and influ­en­tial, but also high­ly rel­e­vant to glob­al pol­i­cy-mak­ers.”

The Bank’s Fel­low­ship Pro­gram is designed to encour­age lead­ing-edge research and to devel­op exper­tise in Cana­da in a num­ber of areas crit­i­cal to the Bank’s man­date: macro­eco­nom­ics, mon­e­tary eco­nom­ics and inter­na­tion­al finance, as well as the eco­nom­ics of finan­cial mar­kets and insti­tu­tions, includ­ing their finan­cial sta­bil­i­ty. Each Fel­low­ship Award spans a peri­od of five years, sub­ject to an annu­al con­fir­ma­tion by the Bank’s Gov­ern­ing Coun­cil. Recip­i­ents of this award may apply for a sec­ond five-year term.

The Rot­man School of Man­age­ment at the Uni­ver­si­ty of Toron­to is redesign­ing busi­ness edu­ca­tion for the 21st cen­tu­ry with a cur­ricu­lum based on Inte­gra­tive Think­ing. Locat­ed in the world’s most diverse city, the Rot­man School fos­ters a new way to think that enables the design of cre­ative busi­ness solu­tions. The School is cur­rent­ly rais­ing $200 mil­lion to ensure Cana­da has the world-class busi­ness school it deserves. For more infor­ma­tion, vis­it


For more infor­ma­tion:

Ken McGuf­fin
Man­ag­er, Media Rela­tions
Rot­man School of Man­age­ment
Uni­ver­si­ty of Toron­to
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