Understanding and Managing Model Risk: A Practical Guide for Quants, Traders and Validators

Submitted on 29th July 2015

Whereas the majority of quantitative finance books focus on mathematics and risk management books focus on regulatory aspects, this book addresses the elements missed by this literature--the risks of the models themselves. This book starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real-world examples, with a high level of detail and precise operative indications.


To read this book, please contact the Society at info@actuaries.ie

Wiley Finance
Length of Resource
Massimo Morini
Date Published
Resource Type