Principle 10: Frequency – The board and senior management (or other recipients as appropriate) should set the frequency of risk management report production and distribution. BCBS 239 “Effective Risk Data Aggregation & Risk Reporting”, released in January of 2013, specifically requires that the bank’s board and senior management should be
In many areas of statistics, it is convenient to be able to easily construct a uniform grid of points. You can use a grid of parameter values to visualize functions and to get a rough feel for how an objective function in an optimization problem depends on the parameters. And
“Technological innovation is no longer a choice: it is an imperative.” So said Scott O’Malia, Commissioner of the Commodity Futures Trading Commission, about trade surveillance during his keynote address at the recent SAS-sponsored New Risk in Energy 2014 conference in Houston. He was attempting, as he has before, to spur
