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head of quantitative research = spending all your time on pricing models for complex derivatives. it's unlikely he had anything to do with RBS's overall financi

by shamney 12y ago

head of quantitative research = spending all your time on pricing models for complex derivatives. it's unlikely he had anything to do with RBS's overall financial strategy

branchless 12y ago
Head of modelling risk for RBS. Maybe some of it was derivatives. Some of it should have been modelling the cost of borrowing money on wholesale markets. The RBS strategy was leverage to the hilt, borrow short, lend long. Lunacy.
- deleted 12y ago
  [deleted]
- cma 12y ago
  Maybe he thought it was a bad srategy until he calculated in the likelihood of tax-payer bailout if things went wrong.