Research & Grants

Call for Proposals – Two New Research Grants Available

17 February 2015: The SWIFT Institute invites proposals for research on two very topical areas: the increasing regulatory focus on encouraging competition and innovation in the provision of payment services, and the business case for intraday liquidity management and reporting.  The deadline for submissions is 25th March 2015.

Full details are available within the Call for Proposals, which you can download below:

  • Regulatory Focus on Competition and Innovation in Payments Services – download Call
  • Intraday Liquidity Management and Reporting: The Business Case – download Call

Current & Past Research Projects





Internationalisation of the RMB: New Starts, Jumps and Tipping Points
  • Jonathan Batten
  • Peter Szilagyi
  • Monash University
  • Judge Business School, University of Cambridge
Finished – Working Paper
Financing the SME Supply Chain
  • Asad Ata
  • Mahender Singh
  • MISI (Malaysia Institute for Supply Chain Innovation)

FinishedWorking Paper

Can Mobile Money be Used to Promote Savings? Evidence from Preliminary Research in Northern Ghana
  • Jenny Aker
  • Kim Wilson
  • The Fletcher School, Tufts University
Finished – Working Paper
New Regulations and Collateral Requirements – Implications for the OTC Derivatives Market
  • Manmohan Singh
  • The International Monetary Fund (IMF)
FinishedWorking Paper
The Prospects for a Common Language in Wholesale Financial Services
  • Alistair Milne
  • Malcolm Chisholm
  • Loughborough University School of Business
  • AskGet Consulting
FinishedWorking Paper
Modelling the cost of financial services across countries using a Dynamic Hierarchical Bayes framework
  • Nicolas Glady
  • Ashwin Malshe
  • ESSEC Business School (Paris & Singapore)
Q1 2015
The Global Network of Payment Flows
  • Kimmo Soramäki
  • Samantha Cook
  • Financial Network Analytics
FinishedWorking Paper
A Dynamic Stochastic Network Model of the Unsecured Interbank Lending Market
  • Francisco Blasques and Falk Bräuning
  • Iman van Lelyveld
  • VU University Amsterdam
  • De Nederlandsche Bank
Finished – Working Paper
A global perspective of women in finance
  • Renée Adams
  • Tom Kirchmaier
  • University of New South Wales
  • Manchester Business School
Q2 2015
Theory of Optimum Financial Areas:
Retooling the Debate on the Governance of Global Finance
  • Erik Jones
  • Geoffrey Underhill
  • The Johns Hopkins University SAIS
  • University of Amsterdam and SAIS Europe
FinishedWorking Paper
A predictive cybercrime cost model for the financial industry
  • Vincent Cheng Siong Lee
  • Clayton School of Information Technology, Monash University
Q2 2015
Regulatory Compliance – The Extraterritorial Challenge
  • Stuart Weinstein
  • Coventry Law School
Q2 2015
Macroprudential Oversight, Risk Communication and Visualization
  • Peter Sarlin
  • Goethe University Frankfurt
  • RiskLab Finland
FinishedWorking Paper
Examination of Financial Data Collection Processes and Standards
  • Suzanne Morsfield
  • Steve Yang
  • Susan Yount
  • Columbia Business School
  • Stevens Institute of Technology
  • Susan Yount
Q2 2015
Analysis of Domestic / Cross-Border Clearing & Settlement Systems in Asian Countries
  • Carol Hsu
  • Sia Siew Kien
  • National Taiwan University
  • Nanyang Business School, Singapore
Q2 2015
Operational Risk in Investment Management Institutions Through Outsourcing
  • Douglas Cumming
  • Armin Schwienbacher
  • York University Schulich School of Business
  • University of Lille SKEMA School of Business
Q2 2015
The Role of Securitization in China’s Capital Market
  • Ann Rutledge
  • Hong Kong University of Science and Technology
Q2 2015
Near Real-time Retail Payment and Settlement Systems Mechanism Design
  • Robert Kauffman
  • Zhiling Guo
  • Mei Lin
  • Dan Ma
  • Singapore Management University
Q2 2015
Cross-border Low Value Payments and Regional Integration: Enablers and Disablers
  • Leo Lipis
  • Colin Adams
  • Independent Research Consultants
FinishedWorking Paper
An Analysis of Bitcoin as a Novel Distributed System
  • Kenneth Birman
  • Ittay Eyal
  • Cornell University
Q2 2015
The Influence of Virtual Currency on Fiat Currency
  • Dirk Baur,
  • KiHoon Hong
  • Adrian Lee
  • UTS Business School, Finance Discipline, University of Technology, Sydney
Q4 2015
Multinational Banking and Conflicts among US-EU AML/CTF Compliance & Privacy Law: Operational & Political Views in Context
  • Michelle Frasher
  • EU Center, University of Illinois at Urbana-Champaign
Q4 2015
The Role of Big Data in Governance: A Regulatory and Legal Perspective of Analytics in Global Financial Services
  • Daniel Gozman
  • Wendy Currie
  • Jonathan Seddon
  • Henley Business School
  • Audencia School of Management
  • Charles River Development
Q2 2015




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 ( – and at other dedicated events.