The tenth CEPR/Studienzentrum Gerzensee European Summer Symposium in Financial Markets (ESSFM) will include daily seminars in which participants present their work, but a substantial amount of time is reserved for independent work and collaborative research with other participants. In addition, several mornings will be devoted to focus sessions, each of which concentrates on the latest developments in a specific area of research. This year the focus sessions will be on Banking and Risk Management, Law and Finance, Liquidity, and Experimental Financial Markets.