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Financial
research plays an important role in supporting
the development of the financial industry.
The financial crisis has altered the economic
and financial landscape, and highlighted
the need for financial centres to deepen
their research and intellectual capabilities
to better understand and respond to the
changing needs of international finance.
Since 2006, MAS has been working closely
with local and foreign universities, as
well as research institutes to build a
vibrant eco-system of flagship training
and research centres in Singapore. Flagship
research institutes here include the National
University of Singapore-Risk Management
Institute, Singapore Management University-BNP
Paribas Hedge Fund Centre and INSEAD Asia-Pacific
Institute of Finance.
In the past two years, the emergence of
two new research institutes – the
Singapore Management University-Sim Kee
Boon Institute for Financial Economics
(SKBI) and the EDHEC-Risk Institute further
have added to the vibrancy of the financial
research landscape in Singapore. SKBI
aims to be a leading academy in Asia Pacific
for research in the area of financial
economics with strong practical application
and relevance for the industry. EDHEC-Risk
Institute, Asia, which will be officially
launched in 2H 2010, aims to introduce
new global research programmes in asset
and risk management and adapt their existing
investmentfocused research to the Asian
context. Complementing its research activities,
the Institute will be offering an Executive
MSc in Risk and Investment Management
and a PhD in Finance for Asia-based investment
professionals.
In
January 2010, MAS set up the Financial
Research Council (FRC) which comprises
industry and academic leaders. The council
has been tasked to chart out highimpact
research areas and identify research strategies
that may introduce new innovation and
thinking, with a view to grow the depth
and breadth of Singapore’s financial
sector in the next three to five years. |
