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Risk Management: A Modern Perspective(Volume 1) By: Michael Ong Normal price: 65 Our price: 58.5 + postage Bargain: save £6.5 ! Product code: 22985 ISBN: 0120884380 768 pages Format: Hb Published by: Academic Press, 2006, 1st edition There are no reviews available for this book

Description of Risk Management: A Modern Perspective(Volume 1)

Risk models, like all tools that describe and predict behaviors, possess strengths and flaws that can yield consequences both intended and unintended. In this collection of original essays, finance professionals and professors from around the world examine the assumptions and expectations that underlie both financial risk models and the practices and institutions they have engendered. Contributors analyze and evaluate current systems while summarizing our understanding of certain types of risk and describing emerging trends. Subjects range from risk reporting and risk forecasting to enterprise risk management and the effect of behavioral finance on compensation systems. Encouraging practitioners and the academic community to look at risk as it hasn't been looked at before, this book seeks to encourage critical thinking and innovation.

Risk Management: A Modern Perspective(Volume 1) - Chapter headings

SECTION 1. Enterprise risk management Introduction 1. Managing risk across the enterprise - challenges and benefits 2. Asset and liability management in an enterprise risk management perspective 3. Enterprise risk management in energy and power industry 4. ERM strategies for investors. SECTION 2. Risk optimization Introduction 5. Risk budgeting as a strategic tool for pension funds 6. Advanced risk budgeting techniques 7. Hedge fund investing 8. The hedge fund paradigm SECTION 3. Risk modeling Introduction 9. Retrospective assessment of value-at-risk 10. New challenges in credit risk modeling and measurement 11. Estimating parameters required for credit risk modeling 12. Determining the loss given default and transaction ratings in collateralized lending with obligor-collateral correlation 13. Modeling correlation risk 14. Developing a framework for operational risk analytics 15. An analysis of value and risk: the Procter & Gamble - Bankers Trust Case SECTION 4. Risk integration Introduction 16. Integration of credit and market risk and credit risk 17. Mathematical framework for integrating market and credit risk 18. Integration of operational risk management and the Sarbanes- Oxley Act Section 404 SECTION 5. Capital allocation Introduction 19. Capital allocation using risk management models 20. Risk capital attribution and risk-adjusted performance measurement 21. Aligning regulatory capital with economic capital 22. Aligning regulatory with economic capital - an alternative approach to risk weights according to Basel II SECTION 6. Risk forecasting Introduction 23. Forecasting extreme financial risk 24. Measuring financial extremes 25. The distribution of returns and risk forecasting) 26. Relevance of volatility forecasting in financial risk management SECTION 7. Risk reporting Introduction 27. The evolution of risk reporting 28. Emerging trends in risk reporting SECTION 8. Behavioral finance and compensation system Introduction 29. Role of behavioral finance in risk management 30. "Buy on the rumor" and "sell on the news" 31. Aligning compensation systems with risk management objectives