Maths staff coordinating EU funded research staff exchange scheme

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The Institute for Financial and Actuarial Mathematics (IFAM) together with a consortium of 11 other international higher education institutions has been awarded a four year EU Framework 7 Marie Curie International Research Staff Exchange Scheme (IRSES).

The project "Risk Analysis, Ruin and Extremes (RARE)" will investigate two major themes: Risk Modelling and New Developments on Extremes and Rare Events. The project aim is to address rare events and extremes by analysing environmental and financial risks using probabilistic tools.

The project is an initiative of Professor Enkelejd Hashorva (University of Lausanne), Professor Marie Kratz (ESSEC Paris) and Dr Corina Constantinescu (IFAM, Project Coordinator) and intends to create an initial worldwide network by supporting regular exchange between researchers from the 12 participating institutions from the UK, France, Poland, Russia, India, China, Japan, Australia and the USA.