The diagram below represents two photographs of the Moon, A and B, taken at full moon phase several months apart. The photographs. were taken using the same magnification. Each photograph was cut. in half and the halves placed next to each other. A) The phases of the Moon changed. B) The Moon expanded.
The Basel accords are a series of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision (BSBS). The name for the accords is derived from Basel, Switzerland, where the committee that maintains the accords meets.
Quantitative finance possesses a close relationship with financial economics, which is in essence, the underlying theory of Quantitative Finance. In most forms, Quantitative Finance will derive and subsequently extend the numerical or mathematical model that is originally suggested by a financial economic theory.