The Center for Risk Management at Lausanne (CRML) based at HEC
 within UNIL focuses on risk management and quantitative
methods. The main objective of the Center is to carry out
internationally competitive research and to translate breakthroughs
into ideas that are implemented in the local and global industry as
well as by the regulator and central banks. The Center needs support
for the improvement of this website and the methodologies behind it.
We seek partnerships with the financial industry, the regulators, or
the media to further promote risk measurement.


For the moment, the Center focuses on systemic risk measures in
the banking industry, but it plans to diversify toward new fields.


Fabio Alessandrini and Eric Jondeau,
Directors of the Center

We combine in-depth
quantitative knowledge and
practical experience

Systemic Risk Measures... Sustainable Investing... Financial Risk Management... Entrepreneurial Risk Management... Actuarial Risk Management

Systemic risk measures for European financial institutions

The SRISK measures correspond to that capital shortfall of the firms in case of a new financial crisis, defined as a 40% semi-annual decline of the world stock market. They are constructed by the Center for Risk Management at Lausanne, in collaboration with the NYU Stern’s Volatility Institute, run by NYU Stern Professor and Nobel Laureate Robert Engle.

Systemic Risk in Europe (in billion euros)