Numerix: Structured Products Update: Embracing Model Risk Challenges and Opportunities

    • James J. Jockle
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When it comes down to managing model risk, what are banks doing these days?  What is the buy-side doing? What’s missing, and where is all of this heading?

As discussed by Numerix CMO, Jim Jockle at SPA-2015 - The 11th Annual Structured Products Association’s Spring Conference recently held in New York City, the challenges in dealing with model risk continue to be on the forefront of every derivative practitioner’s mind.

In his SPA presentation, Mr. Jockle explored why model risk is

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