Project Title: Economic Policy Uncertainty, Bank Risks and Effective Risk Mitigation

Year of Entry: 2025, Full-Time

Supervisors: Professor Gulcin Ozkan, Professor Leone Leonida

Xiaoyi Ma is a PhD student in Banking & Finance at King’s Business School. Their research examines how economic policy uncertainty (EPU) affects multiple dimensions of bank risk, including credit, market, and liquidity risk, and explores the role of financial derivatives in strengthening banks’ resilience. The findings aim to support policymakers, regulators, and practitioners in designing effective macroprudential policies and risk management strategies that enhance financial stability.

Areas of expertise:

• Banking and financial stability

• Risk measurement

• Financial derivatives

• Applied quantitative methods in finance

Before joining King’s, Xiaoyi worked at Deloitte as a Risk Advisor, providing risk management advisory services to large financial institutions, with a focus on risk model validation and ESG-related risks. This professional experience continues to inform the practical relevance of their academic research.

Xiaoyi holds an MSc in Banking & Finance from King’s College London and a BSc in Economics and Statistics with a Finance minor. They are also a certified Financial Risk Manager (FRM).

Beyond academia, Xiaoyi is engaged in creative projects that combine analytical and design perspectives and looks forward to contributing to the King’s community through teaching and academic service.