“Liquidity risk is a complex operational risk. It arises from the unexpected – tail risks, internal imbalances, counterparty failures, market crises, systemic risks or from the combined effects of those shocks. Therefore it cannot be hedged with a process but through a culture of risk management aiming to routinize the unexpected.”

Carrel Philippe, The Handbook of Risk Management: Implementing a Post Crisis Corporate Culture , 2010

In 2011 the theme of the conference is the regulatory aspects of liquidity. The conference expanded from the previous year to include a broader audience with invited experts of the field from Hungary and abroad.

The conference gathers new ideas and results related to financial market liquidity. These topics include:
- Asset Pricing
- Bank Regulation
- Financial Markets
- Macroeconomic Policy
- Market Microstructure
- Quantitative Risk Management
Other disciplines that add new perspectives to the field are also welcome.