While reducing risk is often helpful, trying to remove it completely can be damaging. If banks matched all their positions perfectly,...

Hedging means different things to different people. For example, a bank manages its interest rate risk by converting everything to a...

I worked with a client who provided a vivid lesson on the importance of the iceberg of risk. This is the story. The bank's treasury...

In this article, I explore the capabilities of GPT-4 in assessing a firm's interest rate risk. My objective is to provide a practical...