Rehabilitating innovation

One credit quant has a stark message for his bank, the failures of which led to a rescue by its home government. "We got what we deserved," he says. It's a damning indictment of the bank's business model, in which quantitative analysts played a key role. Prior to the crisis, his team's job was essentially to find the highest-yielding assets that would meet rating agency criteria, so the bank's structured credit team could package and sell them. The assessment of the actual risks involved took a

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: