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Over 20 Concurrent Sessions Offered!
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What Can Markets Tell About Rare Events?
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Moderator / Presenter: Andrew Smith, Deloitte &
Touche, London
Don’t miss out on this stimulating discussion on market
prices vs. statistics. Economic capital seeks to capture
all risks to which the company is exposed. Much statistical
effort has been expended to quantify rare events.
Market prices, however, tell a different story from the
statistics. There is a market price to insure against company
failure or extreme equity fall, but this price is normally
much higher than statistical history would lead us to
expect. Which then is the better arbiter of economic
capital needs - market prices or statistics? Join this
general session for a thought-provoking discussion.
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