Risk-management practices at financial institutions have undergone a quantitative revolution over the past decade or so. Increasingly, financial firms rely on statistical models to measure and manage ...

In today’s dynamic global economy, financial institutions are increasingly confronted with uncertainties that defy historical precedent. Traditional stress testing long reliant on past market data ...

Stress testing is an exercise conducted by regulators to ensure the safety and soundness of the banking system. But it is also important for investors because it helps determine bank capital ...