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Cutting With the Grain

There’s not much obvious similarity between software engineering, statistics and carpentry, but the one thing they have in common is that it’s much nicer to work with tools that cut with the grain...

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Stock Market Volatility Modelling

By Andy Chappell As events of the last few years have demonstrated, understanding risk in the financial markets is of paramount importance, but it remains extremely challenging. Among the well known...

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Non-Gaussian Shocks and Risk in Financial Markets

By Andy Chappell Selection of models representing financial markets is crucial to financial institutions, as failure to properly quantify risks can have serious implications; over-estimating risk can...

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The Risk Appetite Question

The FT reports that Bob Diamond, Barclays’ new chief executive, is “considering increasing the bank’s risk profile, in order to hit profitability targets over the next three years”. According to the...

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Malware on a corporate network.

Almost every day new reports of companies becoming victims of malware in one form or another are reported. Most of us look at these stories and quietly hope the same fate doesn’t befall us. A recent...

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I thought they said money makes money?

Day in and day out companies around the globe ask themselves the same key question – “How can we make more money?” Whether you are a fruit seller in Guatemala or an international online book seller, in...

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