quantitative finance
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Basel 4 in January 2023, R U Ready?
This week, I was busy giving presentation towards market risk colleagues in Indonesia, coming from various local and multinational banks. The topic is about the new FRTB standards (Fundamental Review of the Trading Book), the foundation of the new minimum capital requirements for market risk within the new Basel 4 framework. It is expected to go live in January 2023, after one year postponement taken into account due to Covid-19. The new standards will go live together with other Basel 4 updated components, such as CVA and credit risk. While some banks have spent both time and resources to tackle
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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