Archive for: September, 2009
Brian Sentance - Xenomorph - London | 20/09/2009 | 3942 views
I managed to catch some of the first day on Thursday of the "Pricing Model Validation: Mitigating Model Risk" conference. I thought it would be worthwhile going along since firstly the past 12-18 months have made model risk very topical both from the perspective of some of the failings in the use of certain complex derivative pricing models, and fr...
Tags: Risk & regulation, Wholesale banking
Gert Raeves - TowerGroup - London | 09/09/2009 | 2382 views
Two widely-accepted facts: valuation processes sit in the front office, reporting sits in the back.
But what's in the middle? Often, it's been a chasm where the basic details on how/when/why an asset or portfolio was priced disappear, never to be found - a problem when the regulators knock on the door.
Demand for independent price verification (I...
Tags: Post-trade & ops, Wholesale banking