We will talk about Extreme Value Theory, and and its applications when modelling Financial series.
The Theory started to emerge in the 1920's with a famous Theorem of Fisher-Tippet regarding
the distribution of Block Maximas, and it continued to develop further with other Theorems focused
on the distribution of extremes of a series, or what is called the tail of a distribution.
We will present the state of the art of its industrial application, and show some examples.