RiskLab - AbsoluteAstronomy.com

RiskLab is a laboratory that conducts research in financial risk management. The first was created in 1994 at Eidgenössische Technische Hochschule Zürich in Zurich

Zürich

Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...

, Switzerland. In 1996, another one was created independently at the University of Toronto

University of Toronto

The University of Toronto is a public research university in Toronto, Ontario, Canada, situated on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institution of higher learning in Upper Canada...

, this time sponsored by the private company Algorithmics Incorporated.

Shortly afterwards, and also in partnership with Algorithmics Inc, others were created in Munich

Munich

Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...

(1997), at Cornell University

Cornell University

Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...

(1998), at Cambridge University (1998), at the Universidad Autonoma de Madrid (2000), and at the Cyprus International Institute of Management, in Nicosia

Nicosia

Nicosia from , known locally as Lefkosia , is the capital and largest city in Cyprus, as well as its main business center. Nicosia is the only divided capital in the world, with the southern and the northern portions divided by a Green Line...

(2001). Risklab China Research Center was also created in 2006. In 2010, growing out of the RiskLab international network, RiskLabs built the strategic alliance named RiskLab Global. The ethos of all existing RiskLabs is a fusion of academic research, industrial innovation and governmental oversight in financial risk management

Financial risk management

Financial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk. Other types include Foreign exchange, Shape, Volatility, Sector, Liquidity, Inflation risks, etc...

.

RiskLab-Toronto, a divisional center at the University of Toronto at Mississauga (UTM), was featured in Research Means Business, a directory of "cutting-edge research leading to industrial innovation and the creation of new business enterprises".

In October 2007, The RiskLab was awarded the NSERC Synergy Award for Innovation.
The award was delivered by Dr. Colin Carrie, Parliamentary Secretary to the Minister of Industry, on behalf of the Honourable Jim Prentice, Minister of Industry and Minister responsible for the Natural Sciences and Engineering Research Council of Canada (NSERC), and by Dr. Suzanne Fortier, President of NSERC.

Global Organization Structure

RiskLab Toronto, Canada Chapter, Headquarter Institution: University of Toronto

University of Toronto

, Ryerson University

Ryerson University

Ryerson University is a public research university located in downtown Toronto, Ontario, Canada. Its urban campus is adjacent to Yonge-Dundas Square located at the busiest intersection in Downtown Toronto. The majority of its buildings are in the blocks northeast of the square in Toronto's Garden...

Members:

Luis A. Seco, Professor of Mathematics, University of Toronto; Director of RiskLab - Toronto; President and CEO of Sigma Analysis and Management Ltd.
Desheng Dash WU, Ph.D., Affiliate Professor and Managing Director, RiskLab - Toronto, Director of Risklab China Research Center.
Marcos Escobar, Marcos Escobar Añel, Associate Professor, Ryerson University
Pablo Olivares, Assistant Professor, Ryerson University
Sebastian Ferrando, Professor, Ryerson University

External links

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