Piyush Srivastava President & Chief Operating Officer at RiskCounts LLC
In this increasing debate over AI, in how it is good for mankind, and on the other side, how it is going to take away our jobs, what is the right answer? I would take the analogy of the advent of cars, trains or airplanes, in the times when people used horse carriages, horses or bullock carts. What was the advantage of a motor car or the train? Wel...
10 January 2018 /ai /inclusion Fintech
FRTB can be summarized in three lines as follows: - Close the loop hole of Capital Arbitrage between the Trading and the Banking books - Calculate the Capital as if the banks are in Stressed Market Conditions - Calculate Capital using the Standardized Approach, even though Trading desks calculate the Capital Charge using ...
12 January 2017 /regulation
Remember those days when we saw Lehman employees walking out with their personal stuff in cardboard boxes, the manhandling of AIG employees in New York, the demonstrations at Wall Street and Zuccotti Park (New York), and the $ 1 trillion bailout fund that the Congress initially refused to approve? Yes, to avoid similar situations, the BIS (Basel C...
09 January 2017 /regulation /inclusion
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