Understanding Tail Risk

Understanding Tail Risk

PRMIA Boston presents Understanding Tail Risk: Extreme Value Theory and Alternative Approaches.

Please register today and reserve your seat for this free event. We will be adding details to the Agenda and Speakers soon. Light refreshments will be served during the break.

 

Date:
October 17, 2019


Time:
5:00 p.m. - 8:00 p.m.

 
Location:
Suffolk University
120 Tremont St
Room TBA
Boston, MA 

 

Financial markets around the world are subject to rare but extreme events which are described as being in the “tail” of the outcome distribution. In recent decades we have experienced equity market crashes (1987, flash crash 2010) and the collapse numerous sovereign currencies (Mexico 1985, Asia 1997, Russia 1998, Zimbabwe 2008).  In fixed income assets, we have lived through the Global Financial Crisis of 2007-2009. In addition, geopolitical events such as wars, revolutions, and social unrest are increasing the likelihood of sovereign defaults by many nations (e.g. Venezuela, Yemen). Finally, climate change is increasing the frequency and severity of weather related casualty losses. In this program, our expert speakers will address both the conceptual aspects of the risk of rare, but extreme financial market events and practical approaches for estimating the associated economic losses. Particular attention will be given to financial instruments tied to extreme outcomes such as “catastrophe bonds” and to the use of Extreme Value Theory as a method of estimation.

Registration

This event is FREE for members and non-members, although registration is required.  Click "Register Myself" below to reserve your spot. Make sure to click "Continue" to proceed with your registration. (If this is your first time accessing the PRMIA website you will need to create a short user profile to register.) Support chapter events like this by becoming a member

 
When
10/17/2019 5:00 PM - 8:00 PM
Where
Suffolk University's Finance Department 120 Tremont St Boston, MA 02108 UNITED STATES
 

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