Risk Management

图书标准信息

• 作者 Michel、Robert、Dan Galai 著
• 出版社 McGraw-Hill
• 出版时间 2000-10
• 版次 1
• ISBN 9780071357319
• 定价 569.20元
• 装帧 精装
• 开本 其他
• 纸张 其他
• 页数 752页
• 正文语种 英语

【内容简介】

Thisistheall-in-onebanker'sandfinancialmanager'sguideforimplementingandusinganeffectiveriskmanagementprogram.Intoday'sworldofmultibillion-dollarcreditlossesandbailouts,ithasbecomeincreasinglyimperativeforcorporateandbankingleaderstomonitorandmanageriskonallfronts."RiskManagement"introducesandexploresthelatestfinancialandhedgingtechniquesinusearoundtheworld,andprovidesthefoundationforcreatinganintegrated,consistent,andeffectiveriskmanagementstrategy.Thetestedandcomprehensiveanalysisandinsightsin"RiskManagement"givebankersandfinancialmanagersallthenecessaryinformationfor:RiskManagementOverview-fromthehistoryofriskmanagementtothenewregulatoryandtradingenvironment,alookatriskmanagementpastandpresent;RiskManagementProgramDesign-techniquestoorganizetheriskmanagementfunction,anddesignasystemtocoveryourorganization'smanyriskexposures;and,RiskManagementImplementation-howtousethemyriadsystemsandproductsvalueatrisk(VaR),stress-testing,derivatives,andmoreformeasuringandhedgingriskintoday'smarketplace.Inthefinancialworld,theneedforadedicatedriskmanagementframeworkisarelativelyrecentphenomenon.ButastheLong-TermCapitalManagementandBankAmericacrisesattest,lackofup-to-dateknowledgeconcerningitsmanycomponentscanbedevastating.Forfinancialmanagersinboththebankingandbusinessenvironments,"RiskManagement"willintroduceandillustratethemanyaspectsofmodernriskmanagementandstrengtheneveryfinancialriskmanagementprogram.Explodingglobalcompetition,increasingregulations,andtheever-changingproductmixofinnovative,intricatederivativeandsecuritizationproductshavepushedriskmanagementtotheforefrontoftoday'sfinanciallandscape.Corporateandbankingexecutivestryingtomakesenseofthisenvironmentoftenfindthemselveswastingvaluabletimesearchingfordetailsandactuallycreatingriskthroughinnocentmisinterpretationsormisguidedhedgingstrategies."RiskManagement"consolidatestheentirefieldofcorporateriskadministrationfromdataandtechnologicalinfrastructuretoinvestmentandhedgingstrategiesthatincludeinnovativederivativescreditrisksecuritizationtechniquesintooneall-inclusive,easilyaccessiblereference.MichelCrouhy,DanGalai,andRobertMark,seasonedfinanceprofessionalswithanunmatchedbreadthofexperiencecoveringbanking,corporate,andacademicriskmanagementapplicationswalkyouthroughriskmanagementwiththefocusonconcrete,results-orientedtipsandanalysis.Theresultis,quitefrankly,theonlyreferenceyou'llneedforaquick,thoroughunderstandingoftoday'scomplexfinancialriskmanagementchallenges.Looktotheexpertanalysisandprovensuggestionsin"RiskManagement"forano-nonsenseoverviewof:IntegratedRiskManagement-howtounderstandanddevelopthenecessarytoolsformeasuringandmanagingallofyourfirm'sriskintermsofacommonunit;RegulatoryEnvironment-groupof30(G-30)policyrecommendations,BIS1998models,andthestandardizedapproachproposedbytheBasleCommittee;MarketRisk-newrulessetbytheSECfortradedcompaniestodisclosetheirriskmanagementpoliciesandquantifytheirexposuretomarketrisk;PracticalMeasurementIssues-utilizinghistorical,implied,andstochasticmodelstomeasurevolatility,plushelpfulsummariesofmeasuringcorrelationsandtheyieldcurve;and,FutureConsiderations-expectedconditionsandeffectsoftheBIS2000+Accord,withreviewoftheG-12recommendationstoimprovecounterpartyriskmanagementpractices.Neverbeforehavethefieldsofbankingandcorporatefinancialriskmanagementbeenascomplicatedandthestakesasunyielding.Whetherusedasanessentialresourceforinstitutionalfinancialriskmanagement,acomprehensivetextforcoursesconcentratingonbankriskmanagement,orsimplyasanunprecedentedreferencecoveringeveryimportantaspectofthediscipline,"RiskManagement"willbringyouup-to-dateonanareathatpromisestoincreaseinimportanceasweentertheunchartedwatersofthe21stcentury.

【作者简介】

MichelCrouhy,Ph.D.,isseniorvicepresident,GlobalAnalytics,RiskManagementDivisionatCanadianImperialBankofCommerce(CIBC),whereheisinchargeofmarketandcreditriskanalytics.Hehaspublishedextensivelyinacademicjournals,iscurrentlyassociateeditorofbothJournalofDerivativesandJournalofBankingandFinance,andisontheeditorialboardofJournalofRisk.DanGalai,Ph.D.,istheAbeGrayProfessorofFinanceandBusinessAdministrationattheHebrewUniversityandaprincipalofSigmaP.C.M.Dr.GalaihasconsultedfortheChicagoBoardOptionsExchangeandtheAmericanStockExchangeandpublishednumerousarticlesinleadingjournals.HewasthewinneroftheFirstAnnualPomeranzePrizeforexcellenceinoptionsresearchpresentedbytheCBOE.RobertMark,Ph.D.,isseniorexecutivevicepresidentattheCanadianImperialBankofCommerce.Dr.MarkisthechiefriskofficeratCIBCandisamemberoftheseniorexecutiveteamofthebank.In1998,hewasnamedFinancialRiskManageroftheYearbytheGlobalAssociationofRiskProfessionals(GARP).