Concentrating on Concentration Risk: Senior economists such as Ben Bernanke were still studying the Great 30’s Depression when the financial crisis struck in full force circa 2007. Given the complexity of the modern economic and financial landscape compared to the blessed good old days - we have no reports of FWMD (financial weapons of mass destruction) from back then - we can reasonably project that economists will be studying and pontificating on causes and remedies for the current crisis for the next 100 years or so
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
The rationale for continuing with internal capital models in the Basel 3 world: Overview of the challenges and opportunities offered by internal capital models (economic capital models) in the post-crisis era. Conference Presentation given at:
Venue: 2nd Annual Capital Modelling under Basel III (Marcus Evans Conference) Location: London Time: January 28th 2014 Link to presentation: Local file
