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Tuesday, 29 September 2009 |
The financial crisis has undermined the trust in market and credit risk models currently used by banks and rating agencies. At the same time, volatile markets and the proliferation of innovative financial products make market and credit risk management ever more complex and essential. The liquidity dry-up during the financial crisis emphasized the interrelation of market and liquidity risks and raises new questions for the management and regulation of liquidity risks. These issues were discussed in a seminar on market and credit risk models in banks for European banking supervisors at Goethe Business School, Frankfurt University’s center for management education, on 28 and 29 September 2009.
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