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White House Declaration of the Summit of Financial Markets Nov 15
Strengthening Transparency and Accountability, Immediate by 03/09 Nov 15
Behind Schwarzman Spat With Wasserstein Lies Rule 115 Dec 8
Taking Improbable Events Seriously - Nassim Nicholas Taleb Dec
A Pessimists View Dec 10
Treasury Benefits From ‘Massive Paranoia’ as Bailout Cost Falls Dec 15
Jacob Schimdt on Transparency, Regulation and on Madoff's Scam Dec 17
Credit Crisis Tops $1 Trillion Dec 17
Fake Profits, Real Bonuses Dec 18
Faith In Markets Crack Dec 31
Risk Mismanagement Against the Odds on VaR Jan 4 2009
Banks' "Catatonic Fear' Means Consumers Don't Get TARP Relief Jan 8
Bank of England Rate Lowest Since Central Bank Founded in 1694 Jan 8
Paulson Bailout Didn't Give Taxpayers Buffett's Terms Jan 9
Capitalism Freezes in Worldwide Winter of Discontent Jan 12
Bernanke Risks "Very Unstable" Market as he Weighs Buying Bonds Jan. 26
Lending Drops at Big US Banks Jan. 26
Nationalization Gets a New Serious Look Jan. 26
A Contrarian's View by Janet Tavakoli Feb 4
The Government Overpaid for Wall Street Assets Feb 5
TARP - The Recipients Feb 6
Job Losses, By The Numbers (1-4) Feb 6
Economy Shed 598,000 Jobs in January Feb 6
House Prices In U.S. Tumble (Again) Feb 12
Treasury Announces $1Trillion Public-Private March 23
US White Paper on Buying Legacy Assets March 23
Krugman "End of the World" Postponed Sep 21
Nobel Laureate Stiglitz on What Went Wrong Jan 09
Nobel Laureate Krugman on What Went Wrong Sep 09
Rational Irrationality Oct 5
Wall Street Cedes to Bay Street as Canada Banks "Play Offense" Oct 6
Derivatives Lobby Links With Democrats to Blunt Obamaaaaaa Dec
Banks See Way Past Pay Limits Jan, 2009
At Davos Bankers Face Global Ire (First Kill All the Bankers) Jan 31
The Markets Perspective (Bank Stocks Diverge) Today
White House Declaration of the Summit of Financial Markets Nov 15
Strengthening Transparency and Accountability, Immediate by 03/09 Nov 15
Behind Schwarzman Spat With Wasserstein Lies Rule 115 Dec 8
Taking Improbable Events Seriously - Nassim Nicholas Taleb Dec
A Pessimists View Dec 10
Treasury Benefits From ‘Massive Paranoia’ as Bailout Cost Falls Dec 15
Jacob Schimdt on Transparency, Regulation and on Madoff's Scam Dec 17
Credit Crisis Tops $1 Trillion Dec 17
Fake Profits, Real Bonuses Dec 18
Faith In Markets Crack Dec 31
Risk Mismanagement Against the Odds on VaR Jan 4 2009
Banks' "Catatonic Fear' Means Consumers Don't Get TARP Relief Jan 8
Bank of England Rate Lowest Since Central Bank Founded in 1694 Jan 8
Paulson Bailout Didn't Give Taxpayers Buffett's Terms Jan 9
Capitalism Freezes in Worldwide Winter of Discontent Jan 12
Bernanke Risks "Very Unstable" Market as he Weighs Buying Bonds Jan. 26
Lending Drops at Big US Banks Jan. 26
Nationalization Gets a New Serious Look Jan. 26
A Contrarian's View by Janet Tavakoli Feb 4
The Government Overpaid for Wall Street Assets Feb 5
TARP - The Recipients Feb 6
Job Losses, By The Numbers (1-4) Feb 6
Economy Shed 598,000 Jobs in January Feb 6
House Prices In U.S. Tumble (Again) Feb 12
Treasury Announces $1Trillion Public-Private March 23
US White Paper on Buying Legacy Assets March 23
Krugman "End of the World" Postponed Sep 21
Nobel Laureate Stiglitz on What Went Wrong Jan 09
Nobel Laureate Krugman on What Went Wrong Sep 09
Rational Irrationality Oct 5
Wall Street Cedes to Bay Street as Canada Banks "Play Offense" Oct 6
Derivatives Lobby Links With Democrats to Blunt Obamaaaaaa Dec
Banks See Way Past Pay Limits Jan, 2009
At Davos Bankers Face Global Ire (First Kill All the Bankers) Jan 31
The Markets Perspective (Bank Stocks Diverge) Today
The WRAP Approach
The WRAP creates a global community of expert modelers and modeling
resources dedicated to unlocking today’s credit and structured asset
markets through an open, transparent and collaborative process for valuing
and risk-assessing non-government credit securities and related
instruments and contracts such as CDOs and credit derivatives.
The WRAP modeling approach to asset valuation and risk assessment is built
on the principle of expert collaboration in an open-source environment. The
potential and benefits of such an approach to the financial markets were first
outlined in the article Rethinking Risk Management in the Age of Wikinomics
by Bob and Don Tapscott. It draws on the four transformational principles
articulated in Don Tapscott's bestseller Wikinomics, How Mass Collaboration
Changes Everything.. As demonstrated by the Human Genome Project and
Linux, an open, collaborative approach to solving complex problems is
proving to be faster, smarter and more effective than traditional proprietary
methods.
By tapping the ‘Wisdom of the Crowd’, we believe that the WRAP can
introduce a level of transparency and peering to value and risk measurement
benchmarking that will contribute significantly to restoring confidence and
liquidity in the world’s credit markets. It will invite all of the best valuation
modeling minds to collaborate in that process.
The WRAP creates a global community of expert modelers and modeling
resources dedicated to unlocking today’s credit and structured asset
markets through an open, transparent and collaborative process for valuing
and risk-assessing non-government credit securities and related
instruments and contracts such as CDOs and credit derivatives.
The WRAP modeling approach to asset valuation and risk assessment is built
on the principle of expert collaboration in an open-source environment. The
potential and benefits of such an approach to the financial markets were first
outlined in the article Rethinking Risk Management in the Age of Wikinomics
by Bob and Don Tapscott. It draws on the four transformational principles
articulated in Don Tapscott's bestseller Wikinomics, How Mass Collaboration
Changes Everything.. As demonstrated by the Human Genome Project and
Linux, an open, collaborative approach to solving complex problems is
proving to be faster, smarter and more effective than traditional proprietary
methods.
By tapping the ‘Wisdom of the Crowd’, we believe that the WRAP can
introduce a level of transparency and peering to value and risk measurement
benchmarking that will contribute significantly to restoring confidence and
liquidity in the world’s credit markets. It will invite all of the best valuation
modeling minds to collaborate in that process.
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Relevant Articles
Rethinking Risk Management in the Age of Wikinomics Sep 2008
Bank of England Stability Wish list May 1
Modelling Risk and The Human Factor Nov 5
White House Declaration of the Summit of Financial Markets Nov 15
Rethinking Risk Management in the Age of Wikinomics Sep 2008
Bank of England Stability Wish list May 1
Modelling Risk and The Human Factor Nov 5
White House Declaration of the Summit of Financial Markets Nov 15
Open Models Company
Wiki Risk Assessment Process 2.0
Wiki Risk Assessment Process 2.0