Pablo Triana, Esade

Finance expert defines ‘value at risk’, ‘trading book’ and more for FT Lexicon

Every week, a business school professor, an expert in his or her field, defines key terms on FT Lexicon, our online economics, business and finance glossary.

Pablo Triana is a professor of finance at Esade Business School. He holds a BSc from Universidad Autónoma, an MSc from New York University and an MA from the American University. He has held several positions in the financial industry. His teaching experience includes IE Business School and Johns Hopkins University.

Prof Triana’s research interests include derivatives, financial risk management, bank capital regulation and international finance/macroeconomics. He has written three books: The number that killed us (Wiley, 2011) analyses the role of the value at risk model in unleashing the 2007-08 crisis; Lecturing birds on flying (Wiley, 2009) discusses the effects that quantitative/theoretical models can have on real-life financial markets and Corporate derivatives (Risk Books, 2006) deals with the use of derivatives by non-financial corporations.

This week, Pablo Triana adds to the following terms on FT Lexicon:

trading book

value at risk - VaR

Vix index

Compiled by Emmanuelle Smith

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