Machine learning for risk calculations

Machine learning for risk calculations: a practitioner's view

by Ruiz, Ignacio

Type Book
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"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."

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Title Statements

  • Full title :Machine learning for risk calculations : a practitioner's view / I. Ruiz, M. Zeron ; foreword by P. Karasinski.

Summary

"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."

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Edition Statements

  • Publication Date:2021

Publication Statements

  • Publisher(s):Wiley
  • Place of Publication:Chichester, West Sussex
  • Language:eng
  • Publication Date:2021

Notes

Includes index.

The Physical Object

  • Description:xxvi, 434 Seiten : Illustrationen

Edition Identifiers

  • ISBN:9781119791386, 1119791383
  • oclc:on1267587760
  • LC Classification:Q325.5
  • Dewey Decimal:332.10285/631

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