NEW YORK, NY--(Marketwire - Sep 26, 2012) - Errors in financial models that banks use on a daily basis could lead to tremendous financial and non-financial losses. It is crucial for banks to ...

In theory, a poor model should be quickly discovered and either eliminated or tweaked so that it delivers more accurate prices. However, for various reasons, including intellectual arrogance and in ...

The European Market Infrastructure Regulation (EMIR) 3 Refit comprises many moving parts. One notable element is a process revision for the validation of the models used to calculate initial margins.

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The RTS on IM Model Validation has been crafted to ensure robust and ...