FMC CLUSTER

VAR (Valuation AND Risk) is a research initiative developed as part of the Financial Mathematics and Computation Cluster (FMC). The FMC is a research collaboration founded in 2009 by scientists from University College Dublin (UCD), Dublin City University (DCU) and Maynooth University (MU), with the assistance of Science Foundation Ireland that brings together complementary expertise in financial mathematics, financial economics and computer science, creating a globally competitive centre for financial research... Today, 42% of the global aviation fleet is leased through an aviation finance industry that is largely based in Ireland. With a view to consolidating Ireland's global lead in aviation finance and with the needs of other Irish industries in mind, the VAR research partnership has pinpointed operational risk management and asset valuation as being of critical research importance.