Blade Watch

http://www.finextra.com/fullstory.asp?id=20697

A staggering two thirds of quantitative analysts think their supervisors do not understand the work they do, according to a survey from training outfit 7city Learning. The poll of almost 400 active quants and risk professionals reveals a significant gap in understanding between them and their supervisors. Quants and risk managers have been pointed to by many economists as one of the principle reasons the global financial crisis escalated so precipitously.

Check out Finextra’s article. about the quants and risks space.

The CDO/CDS and other series of products that have been developed and implemented over the last few years have come under criticism, this article talks about the difficulty quants and risk professionals have in explaining how they work to their supervisors, a debate that is set to continue. We need to manage innovation and risk with the business need to earn revenue and at the same time, know the underlying features of the application so that we can know how it allocates prices and how ‘realistic’ those prices are.

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