QRSLab: Quantitative Risk Solutions Lab


The QRSLab is a new research laboratory in the Department of Mathematics and Statistics at the University of NSW. The agenda of this laboratory is to produce innovative and cutting edge statistical solutions to modelling in applied financial risk; hedge fund models and risk; time series model; traditional - market, credit and operational risk; and insurance statistical modelling. This laboratory is specifically interested in modelling applied numerical and methodological financial risk problems of signficance in the financial industry - as such it aims to develop strategic partnership of a research nature with industry.

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Some of the QRSLab areas of interest:


  1. Model risk and insurance in Basel II
  2. Computations with copula models in finance and model risk (eg. Operational Risk, Insurance settings).
  3. Computations with meta distributions for risk modelling and associated model risk analysis
  4. Risk sensitivity and stress testing frameworks under Basel II and Solvency II – properties, algorithms, methodology, impact on capital calculation and allocation.
  5. Dynamic latent factor models and copula for Operational Risk
  6. Cointegration models, estimation, prediction and model risk.
  7. Risk metrics and analysis for the hedge fund and private equity sectors.
  8. Alpha stable heavy tailed models for financial risk
  9. Claims reserving models for insurance - models and methodology
  10. Project risk and pricing for mining / agriculture – via multifactor sde commodity models – online calibration and estimation via Sequential Monte Carlo and Adaptive MCMC.
  11. Tracking VaR and other risk measures dynamically through non-linear filtering techniques.
  12. Rare-Event modelling and simulation methodology.

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