Sentence examples for risk management models from inspiring English sources
BLOOMBERG NEWS Uncovering the Human Factor in Risk Management Models | John Breit, the former top risk manager at Merrill Lynch, says that mathematical models fail because they don't account for human frailty, Jesse Eisinger of ProPublica writes in his column, The Trade.
Banks can expect to have FSA staff not only assessing their risk management models, but also questioning their business models, takeover plans and senior staff appointments.
Citigroup acknowledged yesterday that its risk management models did not function properly during this summer's credit crisis, contributing to the company's 57percentt drop in third-quarter profit.
"This quarter's performance was well below expectations and, frankly, surprising," Mr. Prince said in a conference call during which he acknowledged that the bank's risk management models failed to avoid huge trading losses.
"Universal, top-down risk management models, based on historic probabilities from a large and well-known universe, work quite well on large randomized portfolios that fully represent that universe," Mr. Redleaf wrote in a letter.
But the chaos also revealed markets to be too capricious and full of surprises that cannot be fully captured in risk management models.
In a letter to Energy Services executives dated Dec. 1, 1999, Debra A. Cash, an auditor with Arthur Andersen, said that the unit had failed to establish policies for such essential functions as "risk management, model development and use, financial accounting and reporting".
But the business is moving from a view-based model to a risk management model, especially after the derivative debacle.
In this paper, we develop a risk management model for the VE.
For Internet finance risks management, the key challenge is how to identify the most important data sources and build a valid risk management model based on the data.
In this connection, we have developed a strategic risk management model for SMEs and have published the model elsewhere (Islam et al. [2006]; Islam et al. [2008]).
