The Scottish Financial Risk Academy, the first of its kind in the UK, is to be established by Heriot-Watt University following the award of a £335,000 grant by the Scottish Funding Council (SFC).
The academy will pioneer a new role in providing an enhanced focus for collaboration between Scotland's world class university academia and its financial services industry.
While universities and the industry have established connections in place, the academy will centre on the specialist area of quantitative risk management, an area that is coming under increased scrutiny by the Government, national and international regulators and the general public, following the global financial crisis.
It will provide a new opportunity for sharing knowledge and expertise through a range of activities that will connect with financial services companies across Scotland - and beyond - and provide a vital function in improving understanding of financial risk. Read full text here.