Tag Archives: Mathematical Models

PRMIA Webinar: Clearing the Bull on the Financial Crisis: Before Placing Reliance on Mathematical Models Banks Should Look at History

Presented by Jonathan Ledwidge, Author

April 18 at 12 p.m. U.S. Eastern Time

The subprime financial crisis is but one of a series of banking-related financial crises that have arisen in the past 40 years. These have included the LDC debt crisis of the 1970s and 1980s, the junk bond crisis of the 1980s, the Japanese asset bubble of the late 1980s and early 1990s, and the dotcom crisis of the late 1990s to 2000.

The webinar will demonstrate how a thorough analysis of each of these crises at the micro level would have enabled banks to avoid the worst of the subprime crisis long before their mathematical risk models exploded. Yet, the micro indicators were not the only warning sign.

Thus during the webinar we will explore how banks could and should have reduced their exposure to the subprime crisis if they had also examined the macroeconomic and geopolitical indicators surrounding each of the previous crises. Finally, we will look at what both these macro and micro indicators tell us about the current risk climate.

Use this link to register for the webinar.