Financial systems of today are international constructs and their spheres of influence are

inherently global. In light of the recent crisis that has hit the financial sector, the role

of mathematical models in finance has received much attention, This brings to the forefront the adverse impact when inadequate models break down, and highlights the necessity for

developing accurate and reliable models.

One major area where mathematical models have been extensively employed is in the pricing and risk assessment of financial products such as options or derivatives. The difficulties faced today lie at the intersection of, on the one hand, developing accurate models that adequately encapsulate the immense complexity of such financial products, and on the other hand, designing efficient numerical algorithms for solving these complex models.

Thus, the colloquium is an avenue to discuss ways to push the frontier of numerical computation in conjunction with financial modeling. The objective of this colloquium is to discuss current problems in financial research and to facilitate the exchange of ideas between industry and academia. This would also help bridge the gap, both nationally and internationally, between research carried out in academia and its implementation in industry. The structure of the colloquium combination of formal talks and interactive workshops will be an opportunity for students to interact with practitioners in the field and open the avenue for further research and collaboration.