Open Risk API Presentation

Open Risk API: Improved financial risk management through open data, open source and web technologies. This is a Presentation given at the TopQuants/DNB Autumn Meeting, Amsterdam, Nov 18, 2015.

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Presentation at TopQuants 2015: Open Risk API

Improved financial risk management through open data, open source and web technologies is a Presentation given at the TopQuants/DNB Autumn Meeting, Amsterdam, Nov 18, 2015.

One of the most significant lessons learned from the global financial crisis that began in 2007 was that banks’ information technology (IT) and data architectures were inadequate to support the broad management of financial risks.

Summary of Presentation

  • Data formats are evolving rapidly (json, json-ld)
  • Powerful Semantic Web tools facilitate data standard development (rdf graphs, owl and ontology editors)
  • Best practice IT architectures coalesce around loosely coupled client/server and REST API’s
  • Risk management post crisis requires fixing both the risk data AND the risk model mess
  • The Open Risk API integrates linked risk data and linked risk models in a well documented, future ready, framework

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Download OpenRiskPR00

Source Code

Citation

@ARTICLE{OpenRiskPresentation00,
 author = {P. Papadopoulos},
 year = {2015},
 note = {\href{https://www.openriskmanagement.com/wp-content/uploads/2015/11/TopQuants2015.pdf}{Download URL}},
 title = {{Presentation at TopQuants 2015: Open Risk API}},
 journal = {Open Risk Presentations}
}