Include Index

Part One : Financial Institutions And Their Trading: Chapter 2: Banks: Chapter 3: Insurance Companies and Pension Plans; Chapter 4: Mutual Funds and Hedge Funds; Chapter 5: Trading in Financial Markets; Chapter 6: The Credit Crisis of 2007; Chapter 7: Valuation and Scenario Analysis: The Risk-Neutral and Real Worlds.

Part Two : Market Risk: Chapter 8: How Traders Manage Their Risks; Chapter 9: Interest Rate Risk; Chapter 10: Volatility; Chapter 11: Correlations and Copulas; Chapter 12: Value at Risk and Expected Shortfall; Chapter 13: Historical Simulation and Extreme Value Theory; Chapter 14: Model-Building Approach.

Part Three : Regulation: Chapter 15: Basel I, Basel II, and Solvency II; Chapter 16: Basel II.5, Basel III, and Other Post-Crisis Changes; Chapter 17: Fundamental Review of the Trading Book.

Part Four : Credit Risk: Chapter 18: Managing Credit Risk: Margin, OTC Markets, and CCPs; Chapter 19: Estimating Default Probabilities; Chapter 20: CVA and DVA; Chapter 21: Credit Value at Risk.

Part Five : Other Topics: Chapter 22: Scenario Analysis and Stress Testing; Chapter 23: Operational Risk; Chapter 24: Liquidity Risk; Chapter 25: Model Risk; Chapter 26: Economic Capital and RAROC; Chapter 27: Enterprise Risk Management; Chapter 28: Risk Management Mistakes to Avoid.

'Risk management and financial institutions' explains all aspects of financial risk and financial institution regulation, helping readers better understand the financial markets and potential dangers. This new fourth edition has been updated to reflect the major developments in the industry, including the finalization of Basel III, the fundamental review of the trading book, SEFs, CCPs, and the new rules affecting derivatives markets. There are new chapters on enterprise risk management and scenario analysis. Readers learn the different types of risk, how and where they appear in different types of institutions, and how the regulatory structure of each institution affects risk management practices. Comprehensive ancillary materials include software, practice questions, and all necessary teaching supplements, facilitating more complete understanding and providing an ultimate learning resource. All financial professionals need a thorough background in risk and the interlacing connections between financial institutions to better understand the market, defend against systemic dangers, and perform their jobs. This book provides a complete picture of the risk management industry and practice, with the most up to date information.--

ISBN: 978-1-118-95594-9

HULL, John (1946-)

336.71