haku: @author Shirreff, D. / yhteensä: 77
viite: 5 / 77
| Tekijä: | Shirreff, D. |
| Otsikko: | Les merveilles de la Banque Imaginaire |
| Lehti: | Euromoney
1998 : FEB, 2, p. 64-65 |
| Asiasana: | BANKS CUSTOMERS RISK |
| Kieli: | eng |
| Tiivistelmä: | You thought banking was about money, markets and return on risk-adjusted assets. Not in the 21st century. The Banque Imaginaire exists because it had to be invented. It thrives on its wits, in the land of Cats and fat tails. Its's 2020. Charlie Stanford is 83. His vision of finance, revealed to us in the mid-1990s, has become a reality. The financial sector no longer thinks in terms of dollars and cents, but in units of risk: one Cat (catastrophe) equals 20 fat tails equals 250 SDS (standard deviations), equals 150 Vars (values-at-risk) or a 50-50 chance that the price will go either up or down. |
SCIMA