요약
The old model risk rulebook told banks in America how to design, validate and monitor the quantitative systems they rely on. The new one asks them to defend what they chose. This isn’t relaxation, argues Vikram Singh, it’s burden transfer. And by failing to i…
본문
The old model risk rulebook told banks in Americahow to design, validate and monitor the quantitative systems they rely on. The new one asks them to defend what they chose. This isn’t relaxation, arg…