In the 3rd extract from an interview with Boryana Racheva-Iotova, President of FinAnalytica, she highlights the challenges practitioners face when trying to implement a fat-tailed risk approach.
In the 2nd extract from an interview with Boryana Racheva-Iotova, President of FinAnalytica, she highlights the limited understanding that exists about fat-tailed risk models and asserts that used properly they would have served as an early-warning indicator of the crisis.
In the 1st extract from an interview with Boryana Racheva-Iotova, President of FinAnalytica, she reflects on the changes she has seen happen at FinAnalytica's risk management clients since the crisis and discusses the criticisms leveled at the risk models which failed to predict it.