| Why Bank Risk Models Failed |
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| Written by Other (See Below) |
| Thursday, 18 June 2009 07:05 |
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by Avinash Persaud, Chairman, Intelligence Capital Avinash Persaud, (c) VoxEU.org Originally published 4/8/08 Financial supervision arguably failed to prevent today’s turmoil because it relied upon the very price-sensitive risk models that produced the crisis. This column calls for an ambitious departure from trends in modern financial regulation to correct the problem. |
| Last Updated on Thursday, 18 June 2009 07:10 |