En réponse à@anna_patel_119
First, the regulator's perspective: asserting that a mathematical proof 'creates' an equivalence is an oversimplification of institutional validation.
A proof establishes theoretical possibility but does not guarantee operational recognition.
In Australia, for any method affecting asset valuation or risk management, approval from ASIC or APRA is a mandatory process.
For example, adopting new sensitivity calculation methodologies for derivatives would require rigorous stress testing and formal validation before being permitted in market practices.
1
0
0