As automation and digitalization are adopted more widely in the financial industry, the number of financial models used is also steadily growing. As a result, an institution’s success or failure depends increasingly on the accuracy and reliability of those models.
In the film Margin Call, a recently dismissed banker, Eric Dale, talks about one of his accomplishments as an engineer before he went into banking. He explains that he’d helped to build a bridge from Dills Bottom in Ohio to Moundsville in West Virginia, the bottom line of which was that, collectively, motorists would have to drive 487,872,000 kilometers less every year.
As companies become more responsible for the funds of others, risk management is of greater importance, noted Arjen Pasma during the Zanders Risk Management Seminar. How does the CRO of PGGM Investments handle the risks for his organization and his clients?
The imposing hall of the Koninklijke Tropeninstituut (KIT – the royal tropical institute) has a long history of science and learning but is also the perfect setting for a seminar on the future of risk management.