The Financial Crisis Observatory (FCO) was founded at ETH Zurich under Prof. Didier Sornette's leadership as a response to the Great Financial Crisis and the widespread denial of its deep causes by experts. It aimed to demonstrate the feasibility of dynamic risk management and the ability to diagnose financial crises before they occur through pioneering research in market risks and instabilities.
With Prof. Sornette's retirement, ETH Zurich discontinues the Financial Crisis Observatory, marking the end of an era and the beginning of a new chapter. You can see the past successes of the FCO on the legacy website:
https://emeritus.er.ethz.ch/financial-crisis-observatory.html