QRM L1-1: The Definition of Risk
Welcome to Quantitative Risk Management (QRM). In this first class, we define what risk if for us. We will discuss the basic characteristics of risk, underlining some important facts, like its subjectivity, and the impossibility of separating payoffs and probabilities. Understanding the d
From playlist Quantitative Risk Management
Welcome to Quantitative Risk Management (QRM). In this lesson, we introduce Extreme Value Theory, an important branch of statistics dealing with extremes, i.e. maxima and minima. EVT will be an essential tool for us, as it allows us to robustly model large losses, avoiding all those sill
From playlist Quantitative Risk Management
Chris Matten at Risk Minds International 2015 | The risk management industry's biggest challenge
Chris Matten, Partner, Singapore Risk Assurance Practice at PwC, speaking at Risk Minds International 2015 in Amsterdam on the biggest challenge facing the risk management industry.
From playlist RiskMinds Live 2015
QRM L1-2: The dimensions of risk and friends
Welcome to Quantitative Risk Management (QRM). In this second video, we analyse the dimensions of risk. Risk is in fact an object that we need to consider from different points of view, and that sometimes we cannot even quantify. We will also discuss the importance of statistical thinking
From playlist Quantitative Risk Management
Having ‘a fear of intimacy’ is considered a great sin, but it’s a very natural one, which deserves sympathy and understanding. Please subscribe here: http://tinyurl.com/o28mut7 If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ Bro
From playlist RELATIONSHIPS
What's the main mistake that risk managers are making with conduct risk and compliance?
Peter Tyson, Head Of Conduct & Compliance, Standard Life, explains the key mistakes that risk managers are making with conduct and compliance at RiskMinds Insurance 2016.
From playlist Insurance risk: Predict risk in an unpredictable world
Very Dangerous Incident ....By Kaushal
Please don't try this at railway track...
From playlist Interesting Videos
This video explains what a hazard, risk and near miss are and what you should do if an incident occurs at UNSW.
From playlist UNSW Safety
Alan Smith: What are the greatest risks in the post-Brexit world?
Alan Smith, Global Head of Risk Strategy at HSBC, speaking at Risk Minds International 2016 on the greatest risks in the Post-Brexit world. Find out more at https://goo.gl/KVtbtC.
From playlist RiskMinds 2016
QRM L1-3: Common fallacies in risk assessment
Welcome to Quantitative Risk Management (QRM). We close the first lesson by addressing some important fallacies, very common (unfortunately) in risk assessment. It is important not to fall into these fallacies, to avoid taking decisions that are, if we are lucky, useless, but that, more p
From playlist Quantitative Risk Management
Dependence Uncertainty and Risk - Prof. Paul Embrechts
Abstract I will frame this talk in the context of what I refer to as the First and Second Fundamental Theorem of Quantitative Risk Management (1&2-FTQRM). An alternative subtitle for 1-FTQRM would be "Mathematical Utopia", for 2-FTQRM it would be "Wall Street Reality". I will mainly conce
From playlist Uncertainty and Risk
Risk Management Lesson 1: Risk, Risk Management and the Efficient Frontier
First class of the Risk Management course I teach in the Minor Finance of TU Delft (2019/2020), The Netherlands. Contents: - risk management as a discipline - the aims of risk management - what is risk? - basic epistemology of risk - first tools: expected return, standard deviation - the
From playlist Risk Management
QRM L2-2: Value-at-Risk and Expected Shortfall
Welcome to Quantitative Risk Management (QRM). In this video we briefly introduce VaR and ES. Please notice that many concepts are given for granted, and, in case you need more basic details, I refer you to extra videos (check the links appearing on screen). We shall see that ES is always
From playlist Quantitative Risk Management
O'Reilly Webcast: Information Security and Social Networks
Social networks are an information security game changer, and enterprises and their management are struggling to understand and deal with the security risks of social networks. Traditional information security protected your corporate IT perimeter. But that won't help in the web 2.0 era
From playlist O'Reilly Webcasts
Darwinian Model Risk and Reverse Stress Testing
SIAM Activity Group on FME Virtual Talk Series Join us for a series of online talks on topics related to mathematical finance and engineering and running every two weeks until further notice. The series is organized by the SIAM Activity Group on Financial Mathematics and Engineering. Dat
From playlist SIAM Activity Group on FME Virtual Talk Series
Risk Management Lesson 10: Operational Risk
In this last lesson, we deal with Operational Risk, a very important risk for banks. Unfortunately, its treatment in the Basel framework is not at all satisfactory. We will see why. Topics: - Definition of Operational Risk - Characteristics of Operational Risk - Basic Indicator Approach -
From playlist Risk Management
IMS Public Lecture: Mathematics and the Financial Crisis
Paul Embrechts, Swiss Federal Institute of Technology (ETH), Zurich
From playlist Public Lectures
(ML 11.3) Frequentist risk, Bayesian expected loss, and Bayes risk
A simple way to visualize the relationships between the frequentist risk, Bayesian expected loss, and Bayes risk.
From playlist Machine Learning
The Science of Extreme Behavior: The Line Between Courageous and Crazy
“Because it’s there” was George Mallory’s famous explanation for why he risked (and lost) his life trying to become the first person to summit Everest. We don’t all want to climb Everest, but we all, to some degree, take risks. Why does this behavior survive natural selection? What’s going
From playlist Risky Business: The Evolution of Dangerous Behavior