At a recent webinar hosted by the Financial Services Club (FS Club) Z/Yen Group, Bayes Business School professor Daniel Beunza argued that bank culture could be better served by rejecting economic models, like Value-at-Risk (VaR) when they don’t make sense to, for example, equity derivatives trading teams. We highlight some of the key points and ask: can we just ignore risk models if they don’t serve to reduce risk?
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