rbi speech, 2006-09-27
An important reason as to why the quantitative techniques have received so much attention, is not because of the intellectual satisfaction it can give to the academician but a rather mundane reason that it can be used to convince the regulator that given the risks as measured by these techniques the amount of capital required could be far less than that may be stipulated under broad brush, standardized techniques.
Sentiment: neutral
Topic: mp_risk_management