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Winning at risk : strategies to go beyond Basel /
"Practical risk and capital management strategies for financial service executives and high level managers Risk and Capital Management is a primer for senior executives and directors struggling to interpret the growing demands and implications in this field. It includes valuable perspectives on...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken, N.J. :
Wiley,
©2011.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Winning at Risk: Strategies to Go Beyond Basel; Contents; Foreword; Preface; Acknowledgments; Introduction; SEARCHING FOR A SOLUTION; WHY MANAGE RISK?; WHY IS RISK MANAGEMENT DIFFICULT TO IMPLEMENT?; 1 What is Risk?; THE BUSINESS OF RISK; DEFINING RISK: LOSS, UNCERTAINTY, AND HORIZON; MORE WAYS TO THINK ABOUT RISK; TAXONOMY OF RISKS; RISK AND REWARD: MODERN PORTFOLIO THEORY; 2 Risk Management Principles; WORDS TO LIVE BY; KNOW YOUR RISKS; ARTICULATE YOUR RISK APPETITE; DEVELOP A WELL-DEFINED RISK CULTURE; USE A COMMON LANGUAGE.
- DEVELOP CAPABILITIES AND APPROACHES IN LINE WITH THE SIZE, COMPLEXITY, AND CULTURE OF YOUR ORGANIZATIONMAKE IT TRANSPARENT AND COMPREHENSIVE; CONSTRUCT CLEAR LIMITS AND CONTROLS; ALIGN PERFORMANCE AND INCENTIVES TO RISK AND REWARD; DEVELOP COMPREHENSIVE FORECASTING, STRESS TESTING, AND CHALLENGE PROCESSES; PROVIDE ACTIVE LEADERSHIP AND DIRECTION; CONSTRUCT STRONG GOVERNANCE AND OVERSIGHT; MAKE CONTINUOUS IMPROVEMENTS; 3 Building the Risk-Management Framework; ALL THE RIGHT ELEMENTS; YOUR RISK MANAGEMENT ORGANIZATION; YOUR RISK CULTURE; YOUR GOVERNANCE MODEL; YOUR POLICIES AND PROCESSES.
- YOUR DATA AND SYSTEMS4 Measuring Risk and Capital; WHY MEASURE RISK?; LAYING OUT THE FUNDAMENTALS, FROM THE TOP DOWN; PROBABILITY, EXPOSURE, AND SEVERITY; PROBABILITY DISTRIBUTIONS; EXPECTED LOSS; UNEXPECTED LOSS AND VALUE AT RISK; ECONOMIC CAPITAL; THE ROLE OF DATA AND ASSUMPTIONS; MANAGING ACROSS THE ECONOMIC CYCLE; STRESS TESTING; VALIDATION OF MODELS; MODELING CREDIT RISK; MODELING MARKET RISK; MODELING OPERATIONAL RISK; JUMP DIFFUSION AND EXTREME VALUE THEORY; 5 Managing Trade-Offs Between Risk and Reward; THE CEO CHALLENGE; PERFORMANCE MEASURES-THE BASICS.
- PERFORMANCE MEASURES-MULTI-PERIOD CALCULATIONSCAPITAL ATTRIBUTION AND ALLOCATION; APPLYING PERFORMANCE MEASURES; TOP-DOWN VERSUS BOTTOM-UP; 6 Understanding Your Appetite for Risk; IDENTIFYING THE RISK APPETITE; RISK APPETITE AND ICAAP; BUILDING THE RISK APPETITE STATEMENT; MANAGING THE RISK APPETITE (PROCESS); GOVERNANCE AND RISK APPETITE; THE LIVING WILL; 7 Integrating Risk Management into Your Organization; EMBEDDING RISK MANAGEMENT; WHAT IS ENTERPRISE RISK MANAGEMENT?; CULTURE; INCENTIVES AND COMPENSATION; YOUR ORGANIZATION; LINES OF DEFENSE; REPORTING, MONITORING, AND DECISION-MAKING.
- LEVERAGING YOUR BUSINESS RHYTHMERM AND COSO; 8 Leveraging Risk for Business Excellence; MORE THAN COMPLIANCE; INTRODUCING THE CUSTOMER LIFECYCLE; LEVERAGING THE UPSIDE; MANAGING THE DOWNSIDE; OPTIMIZATION; 9 Basel II and Beyond; BASEL II: WHAT'S IT ALL ABOUT?; THE REGULATOR VIEWPOINT; BASEL II BASICS; SPECIAL CHALLENGES AND REQUIREMENTS; IS IT WORTH IT?; KEY DIFFERENCES FROM ECONOMIC APPROACHES; BEYOND BASEL II: BASEL III AND REGULATORY REFORM; SOLVENCY II; IMPACTS ON FINANCIAL INSTITUTIONS AND FINANCIAL MARKETS; NON-BANK FINANCIAL INSTITUTIONS; TOO BIG TO FAIL; Afterword; About the Author.