Research & Grants

New Call for Proposals

New Calls for Proposals for our next round of research grants will be posted when ready.  Check back here regularly.

Current & Past Research Projects

Topic

Summary

Researcher

Completion

RMB Internationalisation of the RMB: New Starts, Jumps and Tipping Points
Jonathan Batten, Monash University

Peter Szilagyi, Judge Business School, University of Cambridge

Finished – Working Paper
Supply Chain Financing the SME Supply Chain
Dr. Asad Ata and Dr. Mahender Singh

MISI (Malaysia Institute for Supply Chain Innovation)

FinishedWorking Paper

Financial Inclusion Can Mobile Money be Used to Promote Savings?  Evidence from Preliminary Research in Northern Ghana
Jenny Aker and Kim Wilson

The Fletcher School, Tufts University

Finished – Working Paper
Regulation, Collateral Management, Derivatives New Regulations and Collateral Requirements – Implications for the OTC Derivatives Market Manmohan Singh

The International Monetary Fund (IMF)

FinishedWorking Paper
Standards The Prospects for a Common Language in Wholesale Financial Services
Alistair Milne, Loughborough University School of Business

Malcolm Chisholm, AskGet Consulting

FinishedWorking Paper
Unit Cost of Financial Services An empirical model allowing to estimate time-varying and cross-countries effects of the drivers of financial services costs; Title: Modelling the cost of financial services across countries using a Dynamic Hierarchical Bayes framework.
Nicolas Glady and Ashwin Malshe

ESSEC Business School

Q1 2015
Payments Network The Global Network of Payment Flows Kimmo Soramäki and Samantha Cook

Financial Network Analytics

FinishedWorking Paper
Interbank Lending Market A Dynamic Stochastic Network Model of the Unsecured Interbank Lending Market Francisco Blasques and Falk Bräuning, VU University Amsterdam

Iman van Lelyveld, De Nederlandsche Bank

Finished – Working Paper
Gender Diversity A study that will offer a global perspective of women in finance through the first cross-country study on the topic of gender diversity on boards of financial firms. Renée Adams, University of New South Wales

Tom Kirchmaier, Manchester Business School

Q1 2015
FMIs,  Economic Growth, Financial Stability

Theory of Optimum Financial Areas:
Retooling the Debate on the Governance of Global Finance

Erik Jones, The Johns Hopkins University SAIS

Geoffrey Underhill, University of Amsterdam and SAIS Europe

FinishedWorking Paper
Cybercrime A study that aims to formulate a predictive cybercrime cost model for the financial industry. Vincent Cheng Siong Lee

Clayton School of Information Technology, Monash University

Q1 2015
Regulatory Compliance – The Extraterritorial Challenge A study that will ascertain the current state of play with respect to European and US cross-border regulation of derivatives, and attempt to determine if there is a consensus on how to advise companies when dealing with the possibility of extraterritorial application of law that may result in the imposition of inconsistent regulatory outcomes. Stuart Weinstein

Coventry Law School

Q1 2015
Oversight & Visualization Macroprudential Oversight, Risk Communication and Visualization Peter Sarlin

Goethe University Frankfurt & RiskLab Finland

FinishedWorking Paper
Critical Examination of Four Currently Used Financial Data Collection Processes and Standards This study will look at specific standards in utilization, assess them according to a set of key aspects, and provide empirical evidence on how each helps to solve data analysis problems.
1. FIXML for Trade Capture Reports for the U.S. CFTC
2. XBRL for portions of U.S. SEC corporate financial submissions (10-K / 10-Q)
3. Swap Data Repositories – U.S. CFTC/ DTCC + CME Group – + ICE
4. ISO 20022 used by various financial industries for data exchanges.
Suzanne Morsfield, Columbia Business School

Steve Yang, Stevens Institute of Technology

Susan Yount, WebFillings LLC

Q1 2015
Analysis of Domestic / Cross-Border Clearing & Settlement Systems in Asian Countries The research objective is three fold.  First, to identify the conditions that facilitate / inhibit the diffusion of STP in Asia.  Second, develop a full understanding of the development and challenges associated with the linkage for cross-border trade, clearing and settlement, with a particular interest on the recent launch of the ASEAN Exchanges. Third, produce practical recommendations in addressing the diffusion of STP for both domestic and cross-border linkage in Asian countries. Carol Hsu, National Taiwan University

Sia Siew Kien, Nanyang Business School, Singapore

March 2015
Operational Risk in Investment Management Institutions The research investigates whether investment behaviour is affected by the extent to which investment manager’s managing investment funds outsource part of their operations, and what impact this has on operational improvement versus risk.

Douglas Cumming, York University Schulich School of Business

Armin Schwienbacher, University of Lille SKEMA School of Business

Q1 2015
The Role of Securitization in China’s Capital Market The research looks at who will take the lead in shaping China’s securitization market model, and what impact this will have both in China and globally. Ann Rutledge

Hong Kong University of Science and Technology

May 2015
Near Real-time Retail Payment and Settlement Systems Mechanism Design Research will explore the ideal infrastructure, incentives and drivers for the development of a hybrid settlement system, which is proposed as a cost-effective means to settle payments. Zhiling Guo, Robert Kauffman, Mei Lin and Dan Ma

Singapore Management University

March 2015
Low Value Payments and Regional Integration Cross-border Low Value Payments and Regional Integration: Enablers and Disablers Leo Lipis and Colin Adams

Independent Research Consultants

FinishedWorking Paper
An Analysis of Bitcoin as a Novel Distributed System The goal of the project is to take the first step toward an understanding of Bitcoin’s security by defining the basic guarantees that a digital financial protocol must satisfy. TBC March 2015
The Influence of Virtual Currency on Fiat Currency The project models the relationship between virtual currencies (VC) and fiat currencies (FC) focusing on the potential effects of VC crowding-out FC. Dirk Baur, KiHoon Hong, and Adrian Lee

UTS Business School, Finance Discipline, University of Technology, Sydney

December 2015
Multinational Banking and Conflicts among US-EU AML/CTF Compliance & Privacy Law: Operational & Political Views in Context This project examines AML/CTF guidelines and privacy laws that govern US-EU data flows to assess how multinational banks handle the contradictions among these requirements and where there might be opportunities for industry cooperation. Michelle Frasher, EU Center

University of Illinois at Urbana-Champaign

September2015
The Role of Big Data in Governance: A Regulatory and Legal Perspective of Analytics in Global Financial Services The research aims to focus on how global financial institutions are using big data analytics within their governance operations and the legal and regulatory implications of the use and commercialization of such analytics. Daniel Gozman, Henley Business School

Wendy Currie, Audencia School of Management

Jonathan Seddon, Charles River Development

April 2015

 

FAQ’s

 

Who can apply for funding?

Academics and finance professionals may apply as individuals or teams. Applications will be considered from university research departments, academics and PhD students, industry professionals, central bank research departments, and others who can demonstrate a robust research proposal and solid track record.

What do I include in my application?

Proposals from prospective researchers must include a cover letter, CV, details of research experience, examples of published work, references, idea for research, methodology to be used, timeframe for completion, and expected output (e.g. working paper, presentation). Proposals should only be submitted in response to an issued Call for Proposal.

What will happen to my research?

The SWIFT Institute will publish the working paper on its website, and it may also be previewed in its quarterly newsletter or through social media. There may be opportunities to present research directly to the SWIFT community at Sibos – the annual industry conference hosted by SWIFT (www.sibos.com) – and at other dedicated events.