Risk Research: Big Banks Found a Research
(ap) According to a press report the three biggest Swiss banks have
founded an interest group in the area of financial research. Its aim is to
engage in practice-oriented research in collaboration with universities and
other institutions of higher education. The Union Bank of Switzerland, Credit
Suisse and the Swiss Bank Corporation, have signed a preliminary working
contract with the «ETH Zurich»
(the Federal Institute of Technology). A group of researchers, under the name
of «RiskLab» will examine
concepts, models, and techniques of global risk management and controlling.
Each research project will start with a question arising from a practical
problem in the real world. In addition to other Swiss banks, national and
international regulatory bodies are welcome to participate in the setting up of
the research programme.