Representations of based loop groups

Representations of free loop groups possess an operation, akin to
tensor product, under which they form a braided tensor category. I
will discuss a similar operation, which is present on the category of
representations of the based loop groups, and which equips it with the
structure of a monoidal cateogory. Finally, I will present a recent
result, according to which the Drinfel'd centre of the category of
representations of a based loop group is equivalent to the category of
representations of the corresponding free loop group.