Browsing by Subject Financial risk management

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  • TVS.005253_TT_(Wiley Finance) Ignacio Ruiz_ M. Zeron - Machine Learning for Risk Calculations_ A Practitioner_s View-Wiley (2022).pdf.jpg
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  • Authors: Ruiz, Ignacio (2022)

  • "The computational demand of risk calculations in financial institutions has ballooned. Traditionally, this has led to the acquisition of more and more computer power -- some banks have farms in the order of 50,000 CPUs, with running costs in the multimillions of dollars -- but this path is no longer economically or operationally viable. Algorithmic solutions represent a viable way to reduce costs while simultaneously increasing risk calculation capabilities