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Communication Middleware for Monitoring Financial CI

Communication Middleware for Monitoring Financial CI

Objective

As remarked in very recent studies of the Federal Reserve (http://www.federalreserve.gov/), a financial infrastructure is anunmanaged large scale networked system of interconnected financialmarkets and banking systems by which domestic and internationalfinancial institutions allocate capital and manage their riskexposures. The 9/11 attack and European and North American blackoutsover the past decade have emphasized vulnerability of thisinfrastructure to wide-scale disruptions and highlightedinterdependencies between the financial infrastructure and othercritical ones (notably the power grid, telecommunicationinfrastructure and the Internet).
The main purpose of the CoMiFin STREP is strategically targeting improvements of the EU technological and institutional pace in addressing financial infrastructure protection (FIP).Specifically, CoMIFin aims to provide "an infrastructure level monitoring, notification andmitigation" middleware as an essential element of FIP. CoMiFin aimsat supporting business continuity of a financial actor on top of anunmanaged network of managed financial infrastructures under allforeseeable failure scenarios including the operational failures anddeliberate breaches. To ensure that the technology developed byCoMiFin fits well into the overall holistic approach behind FIP, wewill leverage the expertise of both: prominent user partners presentin the consortium and Financial User Advisory Board membersalongside the technological partners.
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Coordinator

SELEX ELSAG SPA

Address

Via Giacomo Puccini 2
16154 Genova

Italy

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 549 419

Administrative Contact

Pasquale Giangregorio (Mr.)

Participants (9)

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TECHNISCHE UNIVERSITAT DARMSTADT

Germany

EU Contribution

€ 407 490

OPTXWARE KUTATAS-FEJLESZTESI KORLATOLT FELELOSSEGU TARSASAG

Hungary

EU Contribution

€ 173 700

WATERFORD INSTITUTE OF TECHNOLOGY

Ireland

EU Contribution

€ 197 994

IBM ISRAEL - SCIENCE AND TECHNOLOGY LTD

Israel

EU Contribution

€ 423 491

CONSORZIO INTERUNIVERSITARIO NAZIONALE PER L'INFORMATICA

Italy

EU Contribution

€ 349 200

ELSAG DATAMAT S.P.A.

Italy

MINISTERO DELL'ECONOMIA E DELLE FINANZE

Italy

EU Contribution

€ 69 000

UNIVERSITA DEGLI STUDI DI MODENA E REGGIO EMILIA

Italy

EU Contribution

€ 131 106

Finansdepartementet

Norway

EU Contribution

€ 48 600

Project information

Grant agreement ID: 225407

Status

Closed project

  • Start date

    1 September 2008

  • End date

    28 February 2011

Funded under:

FP7-ICT

  • Overall budget:

    € 3 571 387

  • EU contribution

    € 2 350 000

Coordinated by:

SELEX ELSAG SPA

Italy