Next Generational Financial Cyberinfrastucture Workshop

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The Great Recession of 2008 and the continuing reverberations in the Eurozone have highlighted 
significant limitations in the ability of regulators and analysts/researchers to monitor and model 
the national and global financial ecosystem. This includes the lack of financial cyberinfrastructure 
to ingest and process numerous streams of financial transactions, as well as the accompanying 
data streams of economic activity, in real time. Also absent are open standards and shared 
semantics so that this data can be used to populate models of individual markets, financial 
networks and the interconnected ecosystem representing the global financial system. 
The most important challenge is the need to develop computational research frameworks, models 
and methods, in the spirit of past efforts to identify computational grand challenges in a diversity 
of data intensive domains including the biomedical sciences, health information management, 
climate change, etc. The next generation of financial cyberinfrastructure must provide a platform 
that can transform our current approaches to monitoring and regulating systemic risk. 

The goal of this workshop (and related activities) is to work closely with federal regulatory 
agencies, academic research communities in computer science, finance, economics and 
other related disciplines, the financial industry and the computing industry. 
The broader impact will include the following:  
* A blueprint for the next generation financial cyberinfrastructure. 
* A computational research framework with models and methods that are needed to transform 
  the monitoring and regulation of systemic risk.
* Best practices for the software industry and a robust regulatory framework.
* Multi-disciplinary Ph.D. level curriculum and doctoral dissertation challenges.


National Science Foundation, Division of Information & Intelligent Systems


* Louiqa Raschid, Professor, University of Maryland
* H. V. Jagadish, Bernard A Galler Professor, University of Michigan
* Michelle Lui, University of Maryland
Advisory Committee
* A. “Pete” Kyle, Charles E. Smith Chair in Finance, University of Maryland
* Joe Langsam, Committee to Establish the NIF; formerly of Morgan Stanley
* Lemma Senbet, William E. Mayer Chair in Finance, University of Maryland
* Nancy Wallace, Professor, University of California


For a list of participants click here

Background Reading

For a list of articles click here


For the agenda click here

Research Challenges

For the challenges click here


When and Where

July 19-20, 2012

Waterview Conference Center

1919 North Lynn Street

Arlington, VA 22209 For information regarding workshop location, accommodations, and travel, click here

Sloan Foundation Call for Proposals Related to LEI

The Alfred P. Sloan Foundation [1]