In quantitative structuring, financial products are derived as solutions to clients'needs (Soklakov 2015a). This is very different from the historical approach where the precise structure of most financial products is best described as ad hoc: intuition-based solutions, inspired, rather than determined, by clients' needs.
CLICK HERE TO VIEW THE PDF
Although we argue for greater use of quantitative methods, the historical approach remains enormously relevant. Indeed, it contains a huge amount of
The week on Risk.net, July 7-13, 2018Receive this by email