The Institute wishes to foster theoretical and applied research contributing to the development of practical mathematical finance applications, as for example the evaluation of financial markets, institutions and assets and risk management. Research in mathematical finance involves modelling, statistical and econometric analysis and estimation, optimization, simulation and numerical methods.
The major research directions supported by the Institute are determined in consultation with university and business partners. These research directions are reflected in a scientific program including projects by individual or teams of researchers from partner universities, as well as research results dissemination activities.
The Board of Directors of the IFM2 decides on the amount of funding to be allocated to various research activities, according to the available budget. The scientific director advises the executive director on setting of the scientific program and evaluating the various activities funded by the Institute.
The Institute issues call for proposals from researchers or research teams to select the projects to be funded. The research committee defines the admissibility and selection criteria for projects, and receives the funding applications. These should be reflect both the relevance of projects with regards to the major research orientations of the Institute, as well as the quality of the researchers or teams of researchers.
Findings of research supported by the IFM2 should become the subject of knowledge transfer activities, under the close supervision of the Institute.