Grants

OFR-NSF Grants Issued

• A two-year grant awarded in September 2016 for the proposal, "Regulating Systemic Risk," by a researcher at the University of Wisconsin-Madison to develop tools to support financial policymaking. The project addressed a number of policy questions in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and used a theoretical framework to quantify effects of financial regulation on systemic risk. (NSF Grant No. 1560831)
• A two-year grant awarded in September 2016 for the proposal, "Too Interconnected to Fail? Network Analytics on Complex Economic Data Streams for Monitoring Financial Stability," by researchers at Cornell University and the University of Florida. The project proposed to develop multilayer networks of financial entities based on several large databases and then create statistical tools to analyze them. (NSF Grant No. 1633158)
• A two-year grant awarded in September 2014 for the proposal, "Dynamic Identification and Interpretation of Emerging Systemic Risks Using Textual Analysis," by a researcher at the University of Maryland to determine whether text-based information in firms’ Form 10-K filings can help identify emerging risks to financial stability. The project was designed to help build a set of tools to extract and interpret aggregate information in 10-Ks. Federal regulations require domestic publicly traded companies to file these forms annually. (NSF Grant Nos. 1637369 and 1449578)
• A two-year grant awarded in September 2014 for the proposal, "Strategic Modeling of Dynamic Credit Networks," by a researcher at the University of Michigan-Ann Arbor to study the stability of dynamic credit networks by adding the influence of empirical game-theoretic analysis to agent based models. The project applied recent developments in economics and computer science to risk analysis. (NSF Grant No. 1440360)
• A two-year grant awarded in September 2014 for the proposal, "Distributed Computing Approaches for the Analysis of Enterprise and Systemic Risk Using a Financial Contract-Based Infrastructure," by a researcher at the University of South Florida to explore whether granular information collected from financial contracts can be used to determine economic risk exposures. The grant supported work to convert information from contracts into the mathematics of risk exposures. (NSF Grant No. 1445403)
• A grant awarded in September 2013 for the proposal, "Understanding High Frequency Trading Activity on the Nanosecond Time Scale," by researchers from the University of Illinois at Urbana-Champaign and the San Diego Supercomputing Center that focused on the impact of high-speed trading activity on the financial system. The project aimed to determine whether trading activity at the nanosecond level improves measures of market quality, such as bid-ask spread, market depth, and market efficiency or instead increases levels of volatility and instability. (NSF Grant No. 1352936)

The Financial Entity Identification and Information Integration Challenge was designed for information specialists to develop technologies that automatically align diverse financial entity identification schemes from four key regulatory datasets and for researchers to create and curate a reference financial entity identifier knowledge base linking four heterogeneous collections of financial entity identifiers.

NIST issued a grant to the University of Maryland to run the challenge. The OFR participated only during the first year of the challenge.

More information about the challenge is available at: https://ir.nist.gov/dsfin/