Funding received from the Scottish fiscal Council, the University. Heriot and watt opens the Academy of financial risks (Financial Risk Academy), the first research institution of its kind in the UK.
The activities of the Academy will focus on the specialized area of study quantitative risk management, an area that after the global financial crisis feels more and more attention from the government, national and international regulatory bodies and the General public.
Through research, to be addressed by the created scientific Institute, he will be able to interact with the financial Scottish and foreign companies. This will create a new opportunity for the exchange of knowledge and experience, as well as organizes so important today to work to improve understanding of financial risks.