financial market
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Why 2020 is Different: FX Risk View on 43 Currency Pairs vs USD
In many risk management practice, especially for those who are dealing with market risk in daily basis, year 2008 must be still lingering in their minds. The great recession of 2008 is so great in effect that it has triggered reforms in many regulatory and accounting standards, in which I mentioned one of them in my last post (Basel 4). The year is also used in stress scenarios of many financial market business, strategy, and even regulatory capital calculation. However, how about 2020? The Great Pandemic of 2020 Year 2020,
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Modellers: When Are They Turning Into a Cult?
(Originally published in LinkedIn – December 2020) I had two meetings this week with fellow risk professionals, one is with audience from my home country (Indonesia) and the other one is more diverse (from US and HK). The subject is more or less the same, over technological improvements on financial sectors, especially related to AI/ML. In both meetings, I have this gut feeling that the main message both audiences believe is technological improvement is a necessary mean of survival for any financial sector company right now, in which I am also a proponent of this idea. Innovation