Was it all in vain? More than 200 credit experts and their regulators spent two days deep underground last month thrashing out the virtues and vices of credit risk modelling. At the end of this session, two floors down in The Pit cinema at London’s Barbican Centre, a panel including a trio of European regulators concluded that the models were “half-baked” and could not be used to set regulatory capital.
The financial risk industry is not discouraged.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
