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) requires transaction-level data on derivatives contracts to be reported to trade repositories and grants the ESRB access to the EU-wide dataset. The full dataset consists of approximately one hundred million observations per day.
In order to exploit the wealth of information from this newly available dataset, the European Central Bank and European Systemic Risk Board are running the EMIR Bridge Programme for Data Science, which aims to develop novel analytical methods and to foster interaction between the policymaking and research communities.
To this end we are seeking leading policy experts and researchers in the fields of finance and data science with ideas for analytical policy and research projects fulfilling the following aims:
In a first step we are conducting a market survey with the aim of exploring and initiating collaboration opportunities with potentially interested parties. The market survey will inform the subsequent Request for Proposals, which will be launched as procurement procedure PRO-003620.
Interested candidates are invited to submit their response to the market survey no later than Monday, 23 April 2018, 23:59 CET to the following e-mail address: EMIR-BP@esrb.europa.eu