Financial Risk Management, 2nd Edition

03/11/2013 · No Responses

A top risk management practitioner addresses the essential aspects of modern financial risk management

In the Second Edition of Financial Risk Management + Website, market risk expert Steve Allen offers an insider’s view of this discipline and covers the strategies, principles, and measurement techniques necessary to manage and measure financial risk. Fully revised to reflect today’s dynamic environment and the lessons to be learned from the 2008 global financial crisis, this reliable resource provides a comprehensive overview of the entire field of risk management.

Allen explores real-world issues such as proper mark-to-market valuation of trading positions and determination of needed reserves against valuation uncertainty, the structuring of limits to control risk taking, and a review of mathematical models and how they can contribute to risk control. Along the way, he shares valuable lessons that will help to develop an intuitive feel for market risk measurement and reporting.

Presents key insights on how risks can be isolated, quantified, and managed from a top risk management practitioner
Offers up-to-date examples of managing market and credit risk
Provides an overview and comparison of the various derivative instruments and their use in risk hedging
Companion Website contains supplementary materials that allow you to continue to learn in a hands-on fashion long after closing the book

Focusing on the management of those risks that can be successfully quantified, the Second Edition of Financial Risk Management + Websiteis the definitive source for managing market and credit risk.

Table of Contents
Chapter 1. Introduction
Chapter 2. Institutional Background
Chapter 3. Operational Risk
Chapter 4. Financial Disasters
Chapter 5. The Systemic Disaster of 2007-2008
Chapter 6. Managing Financial Risk
Chapter 7. VaR and Stress Testing
Chapter 8. Model Risk
Chapter 9. Managing Spot Risk
Chapter 10. Managing Forward Risk
Chapter 11. Managing Vanilla Options Risk
Chapter 12. Managing Exotic Options Risk
Chapter 13. Credit Risk
Chapter 14. Counterparty Credit Risk