Quant Congress Europe: Quants should take share of blame for crisis

Quants should take their share of the blame for the crisis, and should focus on less mathematically complex models, said some panellists – although not everyone at Quant Congress Europe agreed


The quant community bears some responsibility for the crisis, as it pushed complex models that fuelled bad behaviour, according to some speakers at Quant Congress Europe this morning.

Speaking on a panel discussion on the future of the quant industry, John Crosby, visiting professor at the University of Glasgow, argued that quants were at least partly to blame as they built models that encouraged overconfidence on the part of banks that risks were under control.

"The problem with the models in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here