Understanding Risk Management and Compliance, What is different after Monday, June 24, 2013
I have reasons to love and reasons to hate internal models.
I love them, because I started my career as a mathematician, and mathematicians usually love models, not people.
(After that, I studied risk management, and later I continued with international law, so I am more social now. Way more social).
I hate them only when I have to explain to the board of directors what their model does, and