In the past few decades, the world of financial derivatives has experienced an explosion in the development of quantitative methods. Remarkably, very little of that development went into supporting the process of product innovation and structuring – the cornerstone of every derivatives business. Compared with modelling, which continues to attract most quantitative effort, product innovation remains essentially a form of art.
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The week on Risk.net, July 7-13, 2018Receive this by email