# Prof. Robert Engle and Stern's Volatility Institute and Systemic Risk Rankings are highlighted

1 Faculty News March 7, 2013 ![](/sites/default/files/styles/246w/public/assets/images/con_030601.jpg?itok=GeJte3i1)>

Excerpt from [Bloomberg Businessweek](http://www.businessweek.com/articles/2013-03-07/federal-reserves-stress-testing-is-politics-not-math) -- "You could have found them listed by name in the V-Lab data from the Volatility Institute at the NYU Stern School of Business. The institute, run by [Robert Engle](http://www.stern.nyu.edu/faculty/bio/robert-engle), a financial economist who won a Nobel Prize in 2003, has come up with a way to estimate how much equity each firm would lose in a crisis, and how much each would contribute to the total expected capital shortfall of the entire financial sector."

[Read more](http://www.businessweek.com/articles/2013-03-07/federal-reserves-stress-testing-is-politics-not-math)