In the on-going financial crisis, it seems that the value-at-risk (VaR) approach to risk management has failed miserably. For example, Merrill Lynch reported 2007 year-end daily trading VaR of $157 mi… more →
FiNETIK - Financial Industry Networked Thinking - Asia and Latin Americafinetik wrote 2 months ago: In the on-going financial crisis, it seems that the value-at-risk (VaR) approach to risk management … more →
finetik wrote 5 months ago: The international system of bank regulation, epitomised by the Basle II process and light-touch prin … more →
Andrew wrote 1 year ago: One event I missed posting on at the time was the final agreement of all of the US regulators on the … more →