Understanding and managing model risk : a practical guide for quants, traders and validators /

"A guide to the validation and risk management of quantitative models used for pricing and hedging. Whereas the majority of quantitative finance books focus on mathematics and risk management books focus on regulatory aspects, this book addresses the elements missed by this literature--the risk...

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Bibliographic Details
Main Author: Morini, Massimo
Format: eBook
Language:English
Published: Chichester, West Sussex : Wiley, 2011.
Series:Wiley Online Library.
Wiley finance series.
Subjects:
Online Access:Connect to the full text of this electronic book

MARC

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245 1 0 |a Understanding and managing model risk :  |b a practical guide for quants, traders and validators /  |c Massimo Morini. 
264 1 |a Chichester, West Sussex :  |b Wiley,  |c 2011. 
300 |a 1 online resource (xx, 428 pages) :  |b illustrations 
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504 |a Includes bibliographical references and index. 
505 0 |a Cover; Series; Title Page; Copyright; Preface; HOW WE PROCEED; WHAT ELSE YOU WILL FIND IN THIS BOOK; Acknowledgements; Part I: Theory and Practice of Model Risk Management; 1: Understanding Model Risk; 1.1 WHAT IS MODEL RISK?; 1.2 FOUNDATIONS OF MODELLING AND THE REALITY OF MARKETS; 1.3 ACCOUNTING FOR MODELLERS; 1.4 WHAT REGULATORS SAID AFTER THE CRISIS; 1.5 MODEL VALIDATION AND RISK MANAGEMENT: PRACTICAL STEPS; 2: Model Validation and Model Comparison: Case Studies; 2.1 THE PRACTICAL STEPS OF MODEL COMPARISON; 2.2 FIRST EXAMPLE: THE MODELS 
520 |a "A guide to the validation and risk management of quantitative models used for pricing and hedging. Whereas the majority of quantitative finance books focus on mathematics and risk management books focus on regulatory aspects, this book addresses the elements missed by this literature--the risks of the models themselves. This book starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real-world examples, with a high level of detail and precise operative indications"--  |c Provided by publisher. 
520 |a "Understanding and Managing Model Risk is a guide to the validation and risk management of quantitative models used for pricing and hedging"--  |c Provided by publisher. 
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