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 ...

We’ve all heard the stories of how certain so-called market professionals have been able to book what proved fictitious profits because the bank they worked for had models which were pricing FX ...

This paper discusses some best practices for repeatable and exhaustive verification in the Simulink environment. It describes how early verification and validation (V&V) in Model-Based Design can ...

Why have major regulators set forth stress tests that are a function of a small number of scenarios instead of a best practice Monte Carlo simulation from which the full probability distribution of ...

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.