Home | Amazing | Today | Tags | Publishers | Years | Account | Search 
Risk Management and Capital Adequacy


A Step-by-Step Approach for Integrating Market, Credit, and Operational Risk Management--While Complying with New Basel Accord Guidelines

For financial institutions around the world, the work involved in managing market, credit, and operational risk exposures--as well as the capital required to support such exposures--will change dramatically under the new Basel Accord guidelines. Risk Management and Capital Adequacy is the first book to examine how institutions can streamline programs by, wherever possible, integrating and simplifying risk management strategies and techniques.

From analyses of the latest models and frameworks to case studies and examples of the devastating effects of unfocused or insufficient risk management, this in-depth examination reveals:

  • Building blocks for constructing an integrated, effective risk management framework
  • The three pillars of the Basel Accord--and what institutions must do to comply with each
  • Details behind financial disasters, from LTCM to Barings, and how they could have been prevented

While banks have an institutional interest in managing risk exposures, they also have a competitive interest in minimizing the capital required to offset those exposures. Risk Management and Capital Adequacy is the first book to outline an integrative framework for managing risks, and complying with the Basel Accord requirements, in the most cost-effective, capital-efficient, and competitively sound possible ways.

The effective management of risk is a front-and-center topic for financial institutions. Charged with meeting everything from the newly fluid realities of global markets to the inflexible requirements of the Basel Accords, institutions are finding they must replace formalized and normative approaches with new types of risk management. These programs must be detailed enough to address the risks of today's dynamic markets yet adaptable enough to meet the needs of individual institutions and their requirements--while at the same time allowing decision-makers to demonstrate their willingness and capability to effectively handle unseen risk and increase shareholder value.

Risk Management and Capital Adequacy examines and explains today's key approaches for understanding and managing market, credit, and operational risk. The first book to provide practitioners with straightforward and hands-on techniques for integrating key risk management approaches, this all-inclusive resource covers topics such as:

  • The history of modern risk management
  • Regulatory mechanisms for managing risk
  • Conceptual approaches for modeling market, credit, and operational risk
  • Modern Portfolio Theory and the Capital Asset Pricing Model
  • Uses and limitations of Value at Risk
  • The BIS risk-based capital requirement framework
  • KMV's credit monitor model
  • Differences in credit versus market risk models
  • KPMG's Loan Analysis System and other risk-neutral valuation approaches
  • Products with inherent credit risks
  • Capital adequacy issues from regulatory and industry perspectives
  • Basel Committee on Banking Supervision and the New Basel Capital Accord
  • Case studies of Metallgesellschaft, Sumitomo, LTCM, and Barings

Under the new Basel guidelines, all financial institutions subject to local banking laws will be required to adopt and operate under dramatically different risk exposure rules and guidelines. Risk Management and Capital Adequacy provides banking executives with an integrated risk management framework that is as seamless to implement as it is self-explanatory and complete. It is today's most across-the-board examination of where risk management stands today, which rules and guidelines are likely to change in the future, and how institutions can establish programs that meet risk management imperatives, limit risk capital requirements, and provide for the integration of risk management to cover the global spectrum of today's financial arena.

About the Author

Reto Gallati, Ph.D., is deputy chief risk officer at Putnam Investments. A visiting professor at MIT's Sloan School of Management, Dr. Gallati has also worked in risk management at KPMG, Goldman Sachs, and Crédit Suisse and has been an instructor at Boston University, Harvard, and the University of Zurich.

(HTML tags aren't allowed.)

Middle Age (The Art of Living)
Middle Age (The Art of Living)

Middle age, for many, marks a key period for a radical reappraisal of one's life and way of living. The sense of time running out, both from the perspective that one's life has ground to a halt, and from the point of view of the greater closeness of death, and the sense of loneliness engendered by the compromised and wasteful nature...

Exam Ref 70-417: Upgrading Your Skills to MCSA Windows Server 2012
Exam Ref 70-417: Upgrading Your Skills to MCSA Windows Server 2012

Prepare for Exam 70-417—and help demonstrate your real-world mastery of Windows Server 2012 core infrastructure services. Microsoft Exam 70-417 is an upgrade exam that is a composite of three standalone exams: 70-410, 70-411, and 70-412. Exam 70-417 validates skills related to the core technology features and functionality of...

Frommer's Rome (Frommer's Complete Guides)
Frommer's Rome (Frommer's Complete Guides)

America’s #1 bestselling travel series

Written by more than 175 outspoken travelers around the globe, Frommer’s Complete Guides help travelers experience places the way locals do.

  • More annually updated guides than any other series
  • 16-page color section and foldout map in all...

Programming Distributed Applications With Com & Microsoft Visual Basic 6.0
Programming Distributed Applications With Com & Microsoft Visual Basic 6.0
Microsoft's DCOM is the key technology for enterprise development for the Windows platform. Written for the working Visual Basic developer or project manager, Programming Distributed Applications with COM and Microsoft Visual Basic 6.0 introduces the basics of DCOM objects in a clear style. All examples are written in Visual Basic, and the...
Intelligent Assistant Systems: Concepts, Techniques and Technologies
Intelligent Assistant Systems: Concepts, Techniques and Technologies
Information is becoming the raw material of modern society. That “difference that makes a difference” (Bateson, 1979) is the driving force of modern service industry. Our information spaces have been technologized and their size as well as their complexity increased. Access to information spaces and the capability to use them...
Node for Front-End Developers
Node for Front-End Developers
Node.js has brought the JavaScript revolution of the past few years to the server. Java- Script, it turns out, has uses beyond the client, and many techniques for effective clientside development are applicable on the server side as well. Front-end developers can use their existing skills to work with Node today....
©2021 LearnIT (support@pdfchm.net) - Privacy Policy