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Better estimation of financial risks possible with maths

Better estimation of financial risks possible with maths

Due to the recent financial crisis, the requirements imposed on banks have been made stricter. Banks must model the credit risk of the counterparties now in their portfolios, for instance. A measure for this is the credit value adjustment (CVA): the difference between the value of a portfolio without credit risk and the value if a possible bankruptcy of the counterparty is included. Qian Feng modelled CVAs and designed a new algorithm that can help banks estimate the risks precisely, so they can take appropriate measures if necessary.

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Cécile Pierrot wins Cercle K2 Cybersecurity Trophy 2017

Cécile Pierrot wins Cercle K2 Cybersecurity Trophy 2017

Cécile Pierrot from the Cryptology research group at CWI won the first Cybersecurity Trophy granted by Cercle K2. This French think tank awards prizes in 22 topics every two years. It aims at stimulating interdisciplinarity and promoting young researchers. The Cybersecurity Trophy 2017 rewarded Pierrot’s PhD thesis, which she defended at UPMC in Paris on 25 November 2016. The jury praised her for both theoretical and practical impacts of her results.

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