Credit Models and the Crisis Brunei Then there are the not-so-fun

Then there are the not-so-fun parts- body changes

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Credit Models and the Crisis Brunei Then there are the not-so-funThe recent financial crisis has highlighted the need for better valuation models and risk management procedures, better understanding of structured products, and has called into question the actions of many financial institutions. It has become commonplace to blame the inadequacy of credit risk models, claiming that the crisis was due to sophisticated and obscure products being traded, but practitioners have for a long time been aware of the dangers