At the Seventh Annual Volatility and Risk Institute Conference, Robert Engle, Co-Director of VRI, and Robert Capellini, Director of V-Lab and VRI Technology, presented the latest advancements in risk assessment with a session titled "New Tools for Risk Assessment in VLab." The conference, held on April 24, 2026, at NYU Stern, centered on the theme "Artificial Intelligence and Risk Management," exploring how AI is reshaping finance while also introducing new risks.
The demonstration highlighted how VLab, a platform for real-time volatility and risk measurement, is integrating cutting-edge tools to enhance risk monitoring for firms and markets. These innovations aim to leverage AI's ability to analyze vast datasets, improving efficiency and reducing human error, while also addressing the unique challenges posed by AI, such as data gaps and systemic vulnerabilities.
Engle and Capellini emphasized the importance of developing sound practices for responsible AI use in finance, noting that AI's potential to transform risk management must be balanced with rigorous oversight. The conference also covered topics such as deep research into systemic risks and the need for enhanced data transparency.
The VLab tools are expected to provide financial professionals with more accurate and timely risk assessments, supporting better decision-making in an increasingly complex financial landscape.