It’s time epidemiological models faced the same scrutiny as banks After the global financial crisis of 2009, Basel, the international standard setting body for banking regulation, conducted a thorough analysis of banks’ internal models. Banks had been allowed considerable discretion in the way in which they modelled their risks to justify the amount of capital they should hold against them. Basel’s analysts found that the [...]
Libor isn’t dead yet, even if the banks and traders would like to bury it Libor isn't dead, no matter what banks think The London Interbank Offered Rate (Libor) was once arguably the most important number in the world. It was the reference rate that banks used for variable rate mortgages, car loans, credit card debt, and much more besides. It was defined as the interest rate at which banks would lend to each other. Global banks reported [...]
