Financial Literacy

Top Ten Reasons Why Open Source is the Future of Risk Modeling

Top Ten Reasons Why Open Source is the Future of Risk Modeling

Reading Time: 2 min.
Financial Risk Modelling has suffered enormous setbacks in recent years, with all major strands of modelling (market, credit, operational risk) proven to have debilitating limitations. It is impossible to imagine a modern financial system that does not make extensive use of risk quantification tools, yet rebuilding confidence that these tools are fit-for-purpose will require significant changes. These need to improve governance, transparency, quality standards and in some areas even the development of completely new strands of modelling.
Free online courses on credit concentration (Oct 7th – Oct 13th)

Free online courses on credit concentration (Oct 7th – Oct 13th)

Reading Time: 1 min.
As part of the public beta testing programme, two new Open Risk Academy courses are accessible absolutely free (and with no strings attached :-). The courses are introductions to measuring credit name or sector concentrations in credit portfolios. They cover the following topics: The concept of credit name or sector concentration - what it is and how it can be measured The regulatory context and how the issue is covered by requirements and regulatory guidance