Nevertheless, statistical models will continue to play an important role in risk management, despite their shortcomings, but practitioners must be wary of placing too much faith in the results of models alone. Sound judgement, based on a comprehensive knowledge of markets and a thorough understanding of economic and financial theory is an essential complement to the use of statistical models.
MEFMI has assembled an impressive line-up of international and regional resource persons to conduct this workshop. They bring a huge amount of experience and expertise in the various issues will be covered here in the next two weeks.