In today changing financial markets environment, financial practitioners need a better grasp of risk management tools and quantitative techniques in order to appropriately measure, mitigate, control and transfer complex financial risks. In Canada and around the world, financial institutions and other corporations need competences with strong quantitative and computer background, who can understand, model and solve complex financial problems.

To face these new challenges of the modern financial markets, there is a need to create a Laboratory, which will serve as a collaborative gathering center for both academics and industry professionals, with the goal of responding to the challenges facing institutions.