The European Central Bank (ECB), in collaboration with the European Systemic Risk Board (ESRB) is seeking applications for projects from leading policy experts and researchers in the fields of finance and data science through a market survey for the procurement procedure on the newly established EMIR Bridge Programme for Data Science.
Ten years after the Global Financial Crisis, granular big data are becoming increasingly available to policymakers in order to improve the transparency and understanding of financial markets. The European Market Infrastructure Regulation (EMIR) mandates the reporting of transaction-level data on derivatives contracts to trade repositories and grants the ESRB access to the EU-wide dataset. The collection of such data represents a milestone in the process of enhancing transparency to policymakers and market participants.
The programme aims to develop novel analytical methods exploiting the wealth of information available from this newly available dataset. The programme also aims to foster interaction between the policymaking community and the external expert community by supporting analytical policy and research projects with two main objectives:
• improve the understanding of derivatives markets and their systemic risk implications, and
• develop innovative analytical methods to enhance the understanding of this novel and rich dataset.
To this end, the European Central Bank and the ESRB have published a Market Survey for PRO-003620, “EMIR Bridge Programme for Data Science” on the ECB website and the ESRB website. The Market Survey can be viewed under the following links:
• Link to the ERSB: http://www.esrb.europa.eu/home/html/index.en.html
• Link to the ECB’s website: http://www.ecb.europa.eu/ecb/jobsproc/tenders/html/index.en.html (direct link:http://www.ecb.europa.eu/ecb/jobsproc/proc/pdf/pro-003620_emir_-_market_survey.pdf)
Interested candidates are invited to submit their response to this Market Survey no later than Monday, 23 April 2018, 23:59 CET, to the following e-mail address: EMIR-BP@esrb.europa.eu.