Peter Russo – författare

Principles and Practices of Model Risk Management (MRM) offers a thorough yet practical introduction to MRM, helping modern enterprises and financial engineers successfully navigate evolving, global markets. Initially developed within the financial industry, the advent of increasingly sophisticated computer models and AI have broadened the scope and necessity of model risk management. This textbook fills a critical gap by guiding readers in designing and implementing robust model risk frameworks across evolving scenarios and data landscapes. Authored by experts with extensive quantitative backgrounds and significant experience in model risk management within major banks, this book articulates modern MRM concepts and shares best practices from industry practitioners. Relevant for students of financial engineering, financial mathematics, and beyond, this essential resource is designed to benefit risk management professionals, financial analysts, regulatory compliance officers, and anyone involved in the development, validation, and oversight of financial models, providing them with the tools and understanding necessary to navigate and mitigate model risks effectively. Online hosted Jupyter notebooks offer various examples and datasets to put skills into practice across chapters. This book covers the regulatory background of model risk management across different jurisdictions, delves into the various types of model risk, and elucidates the tools and methodologies used for identifying, measuring, monitoring, and reporting model risk. It includes detailed sections on the principles of model risk management, enterprise risk management frameworks, model risk regulations and guidance, the three lines of defense in model risk management, and practical applications within the financial industry. Additionally, it addresses emerging trends and challenges, particularly in the context of generative AI models and future regulatory developments.Presents the principles and practice of Model Risk Management (MRM)Covers risk management frameworks, regulatory guidelines, model risk types, and tools for identifying, measuring, monitoring, and reporting model riskServes as a valuable resource for advanced undergraduate and graduate students in finance, business, and economics, providing practical insights across disciplinesOperationalizes risk management principles specifically for model risks, enabling readers to design and implement effective MRM frameworks.Includes Jupyter notebooks with standalone examples hosted online, enhancing the learning experience with practical, hands-on materials that complement the theoretical content

Produktdesign wird von vielen Industrieunternehmen immer noch vernachlässigt. Dabei haben Unternehmen wie Bosch, Festo, Gildemeister, Heidelberg, MAN und viele andere mehr in den letzten Jahren bewiesen, dass dem Design gerade auch im Industriegüterbereich eine wichtige Bedeutung zukommt. Dies gilt nicht nur für die Entwicklung neuer industrieller Produktlösungen, sondern auch für die allgemeine Unternehmensentwicklung, weil das Design die Qualitätswahrnehmung, die Preisbereitschaft, den Innovationserfolg, die Markenstärke und damit auch den Umsatz und Gewinn von Industrieunternehmen positiv beeinflusst. Das Buch setzt genau an diesen Herausforderungen an und zeigt Wege für ein neuartiges, strategisch orientiertes Designverständnis in Industrieunternehmen auf. Ausgehend von einem umfassenden Überblick über den aktuellen Stand von Forschung und Praxis präsentieren die Autoren zahlreiche Fallstudien aus der Praxis, in denen Industriegüterunternehmen ein strategisches Design vorbildhaft zur Steigerung der eigenen Innovations- und Wachstumskraft genutzt haben.

In dem Herausgeberband kommen 18 Sozialinnovatoren zu Wort, deren Lösungen eine der folgenden 5 gesellschaftlichen Herausforderungen adressieren: Langzeitarbeitslosigkeit, Bildungsgerechtigkeit, Ressourcenverbrauch, Zivilisationskrankheiten und Fachkräftemangel.