17 June, Palais Brongniart in Paris. Carine Bedran (2009) and Thibault Chevalier (2009), ambassadors for the Finance Club, were there to welcome the many participants who arrived for the official “relaunch” of the Club. “30% of Edhec alumni work in the finance sector. We want to give them the chance to learn more, discover new things and meet up to share their address books,” they explained. 
The evening’s programme focused on a highly topical issue in the world of finance: the counterproductive impact of banning short-selling. This technique, which consists of selling stocks (or shares) that traders don’t actually own in order to buy them back later at a lower price so as to make a profit, has become the main target for the financial regulation authorities. Since its ban in 2008, naked short selling is still hugely controversial: is it purely speculative? Or is it a key factor in the market’s stability?
The conference-debate, chaired by Abraham Lioui (Professor in Finance at EDHEC Business School and member of EDHEC Risk Institute), helped us to understand the negative impact this ban has had on market volatility. Then Daniel Haguet (Finance Professor and Head of the Financial Economics Programme at EDHEC) took the microphone, presenting the school’s research centre strategy and its close links with the academic programme. Thibault Chevalier closed the session: “EDHEC is lucky to have such a cutting-edge finance team to develop research on key topical issues linked to business and the finance sector… We want to develop closer ties with EDHEC’s research projects in the field of finance so that our alumni can benefit from its publications, and to develop new synergies together."
Discussions continued over a delicious cocktail in the mythical premises of the salle de la corbeille in the Paris stock exchange. Stockbrokers continued to work there in the traditional manner until 1987, shouting out the latest prices in order to ensure the transparency of quotations. Amazing!
 
Contact:
carinebedran@gmail.com
Club presentation

Article by Sophie Baqué (2004)
rnd.sbaque@gmail.com