Paris, 15 july 2015
The Europlace Institute of Finance, a registered Foundation of public interest, aims to foster
synergies between academia in finance and economics and financial industry professionals (financial
intermediaries, investors and managers, issuers and companies involved in the financial markets) - in
France and in Europe. The Institute’s founders are committed to developing and sustaining such
initiatives.
As in previous years, our Foundation is launching a renewed call for research projects in 2014. This
call for projects is intended for all members of the academic community concerned by financial
research, with no restrictions as to academic disciplines.
In partnership with the Louis Bachelier Laboratory of Excellence, the Europlace Institute of Finance
will fund 15 research projects, each of which will receive an amount of €10,000.
The projects funded will focus on topics deemed to be of major interest in the current situation,
grouped into four axes (see also the attached Appendix).
Regulation and the financial environment
Interest rates
Risk management
Investment
The projects must involve at least one researcher affiliated to a French academic institution. Projects
involving several teams, especially those with a strong European dimension, will be looked at with
particular interest.
In submitting this application, project leaders, if selected, agree to develop their project in
association (through meetings and discussion with the teams) with one or more actors in the Paris
financial market. If necessary, the response to the call for proposals may take note of existing links
that could be strengthened in the framework of the project.
The closing date for the submission of applications in response to this call for projects is 20
September 2015.
To submit your project:
Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
For further information, please contact: info@europlace-finance.com
Elyès JOUINI
Scientific director
Institut Europlace de Finance
Themes
Call for Projects 2015
Regulation and the financial environment
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Review of post-crisis regulations (efficiency, changes in behaviour, avoidance
strategies, shadow banking, etc.)
Micro foundations (predictive models pertaining to contracts and behaviour), macro
projections
Big data and insurance, concentration of information and the potential construction
of dominant positions
Interest rates
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Structural changes induced by low rates (economic impact, options pricing, trading,
etc.)
Interest rate models including the possibility of lasting low (or even negative) rates
Low interest rates, lack of inflation and investment, particularly in very long-term
sectors (energy, infrastructure, etc.)
Low rates and Solvency II
Life insurance, low interest rates and longevity
Design of insurance products in a low interest rate environment taking into account
the triptych profitability/risk/fairness, hedging management
Behaviour of policyholders in a low interest rate environment taking into account
their increasing rationality
Variable annuities
Risk management
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CVA, DVA
RWA, impact on liquidity, assessment of the cost of capital, how to integrate the cost
of capital into pricing
Risk management and structural changes (regulatory changes and new behaviour)
Management of the duration gap under Solvency II and alignment of divergent
regulatory frameworks (IFRS, Solvency II, etc.)
Long-term volatility, modelling, measurement, long-term hedging
Stress scenarios on mortgage loans (using French and European data) related to the
demographic transition, risk structure
Investment
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Financialisation of patents, intellectual property financing
Transformation of funding models
Low rates, lack of inflation and investment, particularly in very long-term sectors
(energy, infrastructure, etc.)