What if we ask ourselves about what is the operating system and the physical infrastructure behind tools, services and companies we use or just see almost every day, like Google, Yahoo, Bing, Amazon, Facebook, Twitter, LinkedIn, Netfix, etc. What does make possible the increasing accuracy of...

Bank risk managers follow the Basel Committee on Banking Supervision (BCBS) recommendations that recently proposed shifting the quantitative risk metrics system from Value-at-Risk (VaR) to Expected Shortfall (ES). The Basel Committee on Banking Supervision (2013, p. 3) noted that: "a number of...