CIOs preparing US default scenarios
from The Wall Street Journal
A good number of CIOs are helping their organizations game out the possible repercussions of a default on U.S. debt. Srikanth Velamakanni, chief executive of Fractal Analytics Inc., tells CIO Journal that while businesses can't act on contingencies for so-called Black Swan events until they actually have occurred, computer-aided simulations or theoretical models can help organizations prepare for and mitigate the effects of a default, which could impact everything from the cost of short-term loans to pricing power after the storm has broken.
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