I'm in finance as well. The regulation is overwhelming. i always feel like i'm working on something for external auditors instead of driving value and savings for the company. It is tiresome.
Does the added regulation, oversight help prevent the problems that led to the 08 crisis? Also curious to know what/how these learnings manifest themselves outside of goverment imposed regulations.
Yes, that is kind of a point. Outside of regulation the learnings manifest themselves in models that better capture tail, correlation, and liquidity risks.
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I work in finance. We learned a ton from 2008. The amount of new regulation and oversight that came as a result is insane.
We will learn from 2020 too.
I'm in finance as well. The regulation is overwhelming. i always feel like i'm working on something for external auditors instead of driving value and savings for the company. It is tiresome.
Does the added regulation, oversight help prevent the problems that led to the 08 crisis? Also curious to know what/how these learnings manifest themselves outside of goverment imposed regulations.
Yes, that is kind of a point. Outside of regulation the learnings manifest themselves in models that better capture tail, correlation, and liquidity risks.