Finance Department Professor Awarded GARP Grant

Assistant Professor Chanatip Kitwiwattanachai, Finance Department, UConn School of Business, has received funding from the 2013 GARP (Global Association of Risk Professionals) Risk Management Research Program for the project, “Learning Network Structure of Financial Institutions from CDS Data.” Grants are given under the condition that the paper contains new and original work. The project is one of six selected out of 56 proposals for an award of $15,000.

Projects were selected for funding in 2013 by a research committee of risk management practitioners, academicians, and researchers chaired by Professor René Stulz of The Ohio State University. According to GARP, the research committee seeks to provide funding for:

  • projects offering unique approaches and insights into problems of significance to risk management professionals;
  • projects of particular relevance to current global financial risk management issues and needs; and
  • projects with significant potential for bridging the gap between theory and practice.

Kitwiwattanachai’s project attempts to use techniques from artificial intelligence to extract network structure from credit derivatives such as CDS (credit default swaps). The project will shed light on how banks are connected in the system which will have implications on policy making such as the “too-interconnected-to-fail” problem.


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