[Suerf]<http://www.suerf.org> Conference Invitation www.suerf.org<http://www.suerf.org> SUERF and Bank of Finland Liquidity and Market Efficiency – Alive and Well? 3 July 2015, Helsinki Dear Sir and Madam, SUERF - The European Money and Finance Forum has the pleasure of inviting you to the 6th joint conference with Bank of Finland<http://www.suomenpankki.fi/en/Pages/default.aspx>, which will take place in Helsinki on 3 July 2015 on “Liquidity and Market Efficiency – Alive and Well?”<http://www.suerf.org/helsinki2015>. The conference will be opened by Erkki Liikanen, Governor of the Bank of Finland, and highlights the following keynote addresses: Bengt Holmström, MIT Peter Fisher, BlackRock Investment Institute, and Tuck School of Business Dartmouth George Pennacchi, University of Illinois at Urbana-Champaign Hyun Song Shin, BIS Motivation - The recent financial crisis has given a serious blow to the doctrine of market efficiency. At the same time the need has arisen to better understand liquidity which evaporated in the midst of the crisis. How are liquidity and market efficiency related? It has been argued that liquidity in stock and debt markets, especially in short-term money markets, may be maximized under very different conditions regarding the information content of market prices. What are the implications for systemic risks and financial stability? This one-day conference aims to bring together experts from all sides to better understand the key concepts of market liquidity and efficiency in different markets that research has helped to identify, the incentives facing practitioners in the market place, and the role regulation may have in correcting any market failures. Conference Registration: Participation is free of charge, but advanced registration is required at http://www.suerf.org/registration/2733/helsinki2015 Conference Dinner, 2 July 2015 Participants are invited to attend a dinner hosted by Bank of Finland on the evening of 2 July 2015 (Bank of Finland/Banqueting Hall, Snellmaninaukio). Please confirm whether you will be attending the dinner when registering for the conference. Hotel Accommodation Block bookings have been made at the GLO Hotel Kluuvi Helsinki<http://glohotels.fi/en/hotels/glo-hotel-kluuvi> for the nights of 2-4 July 2015. The rate is EUR 140/per night (single) and EUR 155/per night (double), second night during weekend is 125 €/per night (single) and 140 €/ per night (double), both including breakfast. Please note that participants are responsible for making their own booking. For the preferential hotel rate, please mention the code “ALLBOF0207 “. Please book your hotel stay by 15 June at the latest. Availability of rooms cannot be guaranteed after this date. We look forward to welcoming you in Helsinki. Yours sincerely, SUERF Secretariat SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna Tel: +43 1 40420 7216 - Fax to PDF: +43 1 40420 04 7298 e-mail: suerf@oenb.at<mailto:suerf@oenb.at> - www: www.suerf.org <http://www.suerf.org/>