Opinion/Regulation
Schrodinger's life fund
Editor's letter
Editor's letter
Editorial
The joys of outsourcing
Editor's Letter
A view on 2007
Viewpoint
Prescription vs. principles
Over the past decade, the shift of supervisory practice from prescription towards a principles-based approach has been dramatic. This was a valuable and necessary change, but it has also greatly complicated retaining qualified supervisory staff, argues…
Commercial real-estate CDOs
Talkingpoint
The pathways to probability
Editor's letter
From VAR to stress testing
Implementation of enterprise-wide VAR models in the 1990s was an important risk management advance, but it's time to rethink some fundamental aspects of how they were designed, argues David Rowe
Credit concerns
Editor's letter
Editor's letter
Editorial
CDS pricing
Talkingpoint
Aftershocks of the Big Bang
At the end of October, the City of London celebrated the 20th anniversary of the 'Big Bang' – the first big deregulation of the financial services industry in the UK.
Validating EPE
Empirical validation of trading credit exposure simulation models is clearly essential. David Rowe points out, however, that the process must differ significantly from traditional back-tests of VAR models