Learning objectives: Explain methods and procedures risk managers can use to mitigate model risk. Explain the impact of model risk and poor risk governance in the 2012 London Whale trading loss and the 1998 collapse of Long Term Capital Management (LTCM).
Questions:
605.1. In response to the...
All Models are wrong, but some are useful! Why good Model Risk Management matters
This article may interest some of us!!
https://www.linkedin.com/pulse/all-models-wrong-some-useful-why-good-model-risk-zollinger-cfa?trk=v-feed&trk=hp-feed-article-title-share
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