operational risk control with basel ii



Отсутствует Operational Risk Management Отсутствует Operational Risk Management Новинка

Отсутствует Operational Risk Management

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A practical guide to identifying, analyzing and tackling operational risk in banks and financial institutions Created for banking and finance professionals with a desire to expand their management skill set, this book focuses on operational risk and operational risk events, as distinct from other types of functional risks. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training. Schools you in techniques for analyzing the operational risk exposure of banking institutions and assessing how operational risk impacts on other types of risk Provides expert guidance on how to design, plan and implement systems for operational risk management and quality control Describes a comprehensive approach to operational risk management that includes data collection, modeling and an overall risk management structure Shows you how to develop operational risk management solutions to help your company minimize losses without negatively impacting its ability to generate gains Offers expert guidance on various regulatory frameworks and how the latest Basel II and Basel III requirements impact a bank's operational risk management strategy and framework
Pavel Shevchenko V. Fundamental Aspects of Operational Risk and Insurance Analytics. A Handbook of Operational Risk Pavel Shevchenko V. Fundamental Aspects of Operational Risk and Insurance Analytics. A Handbook of Operational Risk Новинка

Pavel Shevchenko V. Fundamental Aspects of Operational Risk and Insurance Analytics. A Handbook of Operational Risk

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A one-stop guide for the theories, applications, and statistical methodologies essential to operational risk Providing a complete overview of operational risk modeling and relevant insurance analytics, Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk offers a systematic approach that covers the wide range of topics in this area. Written by a team of leading experts in the field, the handbook presents detailed coverage of the theories, applications, and models inherent in any discussion of the fundamentals of operational risk, with a primary focus on Basel II/III regulation, modeling dependence, estimation of risk models, and modeling the data elements. Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk begins with coverage on the four data elements used in operational risk framework as well as processing risk taxonomy. The book then goes further in-depth into the key topics in operational risk measurement and insurance, for example diverse methods to estimate frequency and severity models. Finally, the book ends with sections on specific topics, such as scenario analysis; multifactor modeling; and dependence modeling. A unique companion with Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk, the handbook also features: Discussions on internal loss data and key risk indicators, which are both fundamental for developing a risk-sensitive framework Guidelines for how operational risk can be inserted into a firm’s strategic decisions A model for stress tests of operational risk under the United States Comprehensive Capital Analysis and Review (CCAR) program A valuable reference for financial engineers, quantitative analysts, risk managers, and large-scale consultancy groups advising banks on their internal systems, the handbook is also useful for academics teaching postgraduate courses on the methodology of operational risk.
Greg Gregoriou N. Operational Risk Toward Basel III. Best Practices and Issues in Modeling, Management, and Regulation Greg Gregoriou N. Operational Risk Toward Basel III. Best Practices and Issues in Modeling, Management, and Regulation Новинка

Greg Gregoriou N. Operational Risk Toward Basel III. Best Practices and Issues in Modeling, Management, and Regulation

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This book consists of chapters by contributors (well-known professors, practitioners, and consultants from large and well respected money management firms within this area) offering the latest research in the OpRisk area. The chapters highlight how operational risk helps firms survive and prosper by givingreaders the latest, cutting-edge techniques in OpRisk management. Topics discussed include: Basel Accord II, getting ready for the New Basel III, Extreme Value Theory, the new capital requirements and regulations in the banking sector in relation to financial reporting (including developing concepts such as OpRisk Insurance which wasn't a part of the Basel II framework). The book further discussed quantitative and qualitative aspects of OpRisk, as well as fraud and applications to the fund industry.
Philippa Girling X. Operational Risk Management. A Complete Guide to a Successful Operational Risk Framework Philippa Girling X. Operational Risk Management. A Complete Guide to a Successful Operational Risk Framework Новинка

Philippa Girling X. Operational Risk Management. A Complete Guide to a Successful Operational Risk Framework

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A best practices guide to all of the elements of an effective operational risk framework While many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. It also provides real-life examples of successful methods and tools you can use while facing the cultural challenges that are prevalent in this field. Contains informative post-mortems on some of the most notorious operational risk events of our time Explores the future of operational risk in the current regulatory environment Written by a recognized global expert on operational risk An effective operational risk framework is essential for today's organizations. This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature.
Nigel Lewis DaCosta Operational Risk with Excel and VBA. Applied Statistical Methods for Risk Management, + Website Nigel Lewis DaCosta Operational Risk with Excel and VBA. Applied Statistical Methods for Risk Management, + Website Новинка

Nigel Lewis DaCosta Operational Risk with Excel and VBA. Applied Statistical Methods for Risk Management, + Website

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A valuable reference for understanding operational risk Operational Risk with Excel and VBA is a practical guide that only discusses statistical methods that have been shown to work in an operational risk management context. It brings together a wide variety of statistical methods and models that have proven their worth, and contains a concise treatment of the topic. This book provides readers with clear explanations, relevant information, and comprehensive examples of statistical methods for operational risk management in the real world. Nigel Da Costa Lewis (Stamford, CT) is president and CEO of StatMetrics, a quantitative research boutique. He received his PhD from Cambridge University.
Ariane Chapelle Operational Risk Management. Best Practices in the Financial Services Industry Ariane Chapelle Operational Risk Management. Best Practices in the Financial Services Industry Новинка

Ariane Chapelle Operational Risk Management. Best Practices in the Financial Services Industry

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Praise for Operational Risk Management «Ariane Chapelle is one of the world's leading teachers, thinkers and writers about operational risk. The combination of her professional experience as a practitioner in the financial services industry and her role as an advisor to regulators makes this textbook a must-read at all levels of both regulated and unregulated financial institutions.» —Amédée Prouvost, Director, Operational Risk, The World Bank «Insightful…That's the first adjective that came to mind when I read this book. Operational Risk Management: Best Practices in the Financial Services Industry offers a 360-degree perspective of operational risk, from triggers and causes to direct and indirect consequences. Besides, the book provides practical tips to set up an effective operational risk and control framework. There is not a single aspect of operational risk that is left in the shade – everything is brought to light – even the trickiest aspects such as Risk Appetite. This book is a must-read for any all-around OpRisk Manager!» —Dr. Bertrand K. Hassani, Université Paris 1 Panthéon-Sorbonne; Chief Solutions Officer, General Manager, INSTADEEP «The collection of Dr. Chapelle's knowledge and practitioner expertise, combined with her widely acknowledge ability to communicate complex ideas in a forthright and clear manner, makes this textbook a very valuable addition to any practitioner seeking clear, accurate, timely and insightful knowledge of key aspects of Operational Risk practice. I strongly endorse this text to practitioners seeking guidance on best practices in operational management.» —Prof. Gareth W. Peters, Chair Professor of Risk and Insurance, Heriot-Watt University, Edinburgh, UK The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers the most current information available for putting in place an effective risk management program for a financial services firm. Comprehensive in scope, the book outlines the frameworks, tools and techniques that successful firms use to identify, assess, mitigate and monitor risk within their organisations. The different chapters present a holistic approach, which helps to clarify the relationship between the different components of a risk management framework and offers a consistent view of effective risk management. This flexible framework can be tailored to each firm based on its own practices, size and business complexity. Operational Risk Management offers the information risk managers need not only to help their organisations avoid crises, but also to safely recognise new opportunities, achieve their full potential, and reach new heights of success.
Kenett Ron S. Operational Risk Management. A Practical Approach to Intelligent Data Analysis Kenett Ron S. Operational Risk Management. A Practical Approach to Intelligent Data Analysis Новинка

Kenett Ron S. Operational Risk Management. A Practical Approach to Intelligent Data Analysis

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Models and methods for operational risks assessment and mitigation are gaining importance in financial institutions, healthcare organizations, industry, businesses and organisations in general. This book introduces modern Operational Risk Management and describes how various data sources of different types, both numeric and semantic sources such as text can be integrated and analyzed. The book also demonstrates how Operational Risk Management is synergetic to other risk management activities such as Financial Risk Management and Safety Management. Operational Risk Management: a practical approach to intelligent data analysis provides practical and tested methodologies for combining structured and unstructured, semantic-based data, and numeric data, in Operational Risk Management (OpR) data analysis. Key Features: The book is presented in four parts: 1) Introduction to OpR Management, 2) Data for OpR Management, 3) OpR Analytics and 4) OpR Applications and its Integration with other Disciplines. Explores integration of semantic, unstructured textual data, in Operational Risk Management. Provides novel techniques for combining qualitative and quantitative information to assess risks and design mitigation strategies. Presents a comprehensive treatment of «near-misses» data and incidents in Operational Risk Management. Looks at case studies in the financial and industrial sector. Discusses application of ontology engineering to model knowledge used in Operational Risk Management. Many real life examples are presented, mostly based on the MUSING project co-funded by the EU FP6 Information Society Technology Programme. It provides a unique multidisciplinary perspective on the important and evolving topic of Operational Risk Management. The book will be useful to operational risk practitioners, risk managers in banks, hospitals and industry looking for modern approaches to risk management that combine an analysis of structured and unstructured data. The book will also benefit academics interested in research in this field, looking for techniques developed in response to real world problems.
Pavel Shevchenko V. Advances in Heavy Tailed Risk Modeling. A Handbook of Operational Risk Pavel Shevchenko V. Advances in Heavy Tailed Risk Modeling. A Handbook of Operational Risk Новинка

Pavel Shevchenko V. Advances in Heavy Tailed Risk Modeling. A Handbook of Operational Risk

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A cutting-edge guide for the theories, applications, and statistical methodologies essential to heavy tailed risk modeling Focusing on the quantitative aspects of heavy tailed loss processes in operational risk and relevant insurance analytics, Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk presents comprehensive coverage of the latest research on the theories and applications in risk measurement and modeling techniques. Featuring a unique balance of mathematical and statistical perspectives, the handbook begins by introducing the motivation for heavy tailed risk processes in high consequence low frequency loss modeling. With a companion, Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk, the book provides a complete framework for all aspects of operational risk management and includes: Clear coverage on advanced topics such as splice loss models, extreme value theory, heavy tailed closed form loss distributional approach models, flexible heavy tailed risk models, risk measures, and higher order asymptotic approximations of risk measures for capital estimation An exploration of the characterization and estimation of risk and insurance modelling, which includes sub-exponential models, alpha-stable models, and tempered alpha stable models An extended discussion of the core concepts of risk measurement and capital estimation as well as the details on numerical approaches to evaluation of heavy tailed loss process model capital estimates Numerous detailed examples of real-world methods and practices of operational risk modeling used by both financial and non-financial institutions Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk is an excellent reference for risk management practitioners, quantitative analysts, financial engineers, and risk managers. The book is also a useful handbook for graduate-level courses on heavy tailed processes, advanced risk management, and actuarial science.
Philippe Jorion Financial Risk Manager Handbook. FRM Part I / Part II Philippe Jorion Financial Risk Manager Handbook. FRM Part I / Part II Новинка

Philippe Jorion Financial Risk Manager Handbook. FRM Part I / Part II

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The essential reference for financial risk management Filled with in-depth insights and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Sixth Edition, mirrors recent updates to the new two-level Financial Risk Manager (FRM) exam, and is fully supported by GARP as the trusted way to prepare for the rigorous and renowned FRM certification. This valuable new edition includes an exclusive collection of interactive multiple-choice questions from recent FRM exams. Financial Risk Manager Handbook, Sixth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exam and prepares you to assess and control risk in today's rapidly changing financial world. Authored by renowned risk management expert Philippe Jorion, with the full support of GARP, this definitive guide summarizes the core body of knowledge for financial risk managers. Offers valuable insights on managing market, credit, operational, and liquidity risk Examines the importance of structured products, futures, options, and other derivative instruments Contains new material on extreme value theory, techniques in operational risk management, and corporate risk management Financial Risk Manager Handbook is the most comprehensive guide on this subject, and will help you stay current on best practices in this evolving field. The FRM Handbook is the official reference book for GARP's FRM certification program.
Aldo Soprano Measuring Operational and Reputational Risk. A Practitioner's Approach Aldo Soprano Measuring Operational and Reputational Risk. A Practitioner's Approach Новинка

Aldo Soprano Measuring Operational and Reputational Risk. A Practitioner's Approach

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How to apply operational risk theory to real-life banking data Modelling Operational and Reputational Risks shows practitioners the best models to use in a given situation, according to the type of risk an organization is facing. Based on extensive applied research on operational risk models using real bank datasets, it offers a wide range of various testing models and fitting techniques for financial practitioners. With this book, professionals will have a foundation for measuring and predicting these important intangibles. Aldo Soprano (Madrid, Spain) is Group Head of operational risk management at UniCredit Group.
Michael Steinmüller Basel II - Grundlagen und Auswirkungen auf den deutschen Mittelstand Michael Steinmüller Basel II - Grundlagen und Auswirkungen auf den deutschen Mittelstand Новинка

Michael Steinmüller Basel II - Grundlagen und Auswirkungen auf den deutschen Mittelstand

Inhaltsangabe:Einleitung: Ist Basel II der Tod des Deutschen Mittelstandes? Kann Basel II als Schreckgespenst oder Chance verstanden werden? Erzwingt Basel II einen Mentalitätswechsel im Mittelstand? Bedeutet Basel II die stille Revolution in der Finanzierung? Bringt Basel II Entlastung für Mittelstandskredite und somit vor allem den Mittelstand voran? Profitiert also die Mehrzahl von Basel II? Was versteht man überhaupt unter Basel II? Wer oder was ist der Mittelstand? Braucht Deutschland wirklich den Mittelstand? Warum steht Basel II in Zusammenhang mit den Finanzierungsmöglichkeiten des Mittelstandes? Warum zwingt die Ertragskrise Banken zu einer veränderten Kreditvergabe? Ist ein Credit Crunch für den Mittelstand vermeidbar? Warum trägt der deutsche Bankensektor überall die rote Laterne? Warum sind gerade im Kreditgeschäft die Margen „zum Gotterbarmen“. Müssen sich denn Kredite neuerdings lohnen? Was hat der Mittelstand mit der Blutspur in den Bankbilanzen zu tun? Oder sind die Neuen Eigenkapitalvorschriften die Ursache für die Pleitenwelle, von der die Banken neuerdings überrollt werden? „Das wird (bestimmt) brutal“, wenn Geldinstitute bei Mittelständlern extrem vorsichtig werden. Oder sind die Probleme bei Basel II fast gelöst? Warum baut sich gegen Basel II neuerdings wieder Widerstand auf? Wer will aufgrund dieser Widersprüchlichkeiten noch den Überblick behalten? Der Entwurf der neuen Baseler Eigenkapitalvereinbarung (Basel II oder der Neue Baseler Akkord) hat in Deu...
Michael Steinmüller Basel II - Grundlagen und Auswirkungen auf den Deutschen Mittelstand Michael Steinmüller Basel II - Grundlagen und Auswirkungen auf den Deutschen Mittelstand Новинка

Michael Steinmüller Basel II - Grundlagen und Auswirkungen auf den Deutschen Mittelstand

Diplomarbeit aus dem Jahr 2003 im Fachbereich BWL - Investition und Finanzierung, Note: 1,0, Fachhochschule Regensburg (Hochschule für Technik, Wirtschaft und Sozialwesen), Sprache: Deutsch, Abstract: Ist Basel II der Tod des Deutschen Mittelstandes? Kann Basel II als Schreckgespenst oder Chance verstanden werden? Erzwingt Basel II einen Mentalitätswechsel im Mittelstand? Bedeutet Basel II die stille Revolution in der Finanzierung? Bringt Basel II Entlastung für Mittelstandskredite und somit vor allem den Mittelstand voran?Profitiert also die Mehrzahl von Basel II? Was versteht man überhaupt unter Basel II? Wer oder was ist der Mittelstand? Braucht Deutschland wirklich den Mittelstand? Warum steht Basel II in Zusammenhang mit den Finanzierungsmöglichkeiten des Mittelstandes? Warum zwingt die Ertragskrise Banken zu einer veränderten Kreditvergabe? Ist ein Credit Crunch für den Mittelstand vermeidbar? Warum tragt der deutsche Bankensektor überall die rote Laterne? Warum sind gerade im Kreditgeschäft die Margen "zum Gotterbarmen". Müssen sich denn Kredite neuerdings lohnen? Was hat der Mittelstand mit der Blutspur in den Bankbilanzen zu tun? Oder sind die Neuen Eigenkapitalvorschriften die Ursache für die Pleitenwelle, von der die Banken neuerdings überrollt werden? "Das wird (bestimmt) brutal", wenn Geldinstitute bei Mittelständlern extrem vorsichtig werden. Oder sind die Probleme bei Basel II fast gelost? Warum baut sich gegen Basel II neuerdings wieder Widerst...
Sandeep Singh Risk Management in Factoring and Forfaiting Sandeep Singh Risk Management in Factoring and Forfaiting Новинка

Sandeep Singh Risk Management in Factoring and Forfaiting

Due to the regulations of Basel II and the present financial crisis the demand for Factoring and Forfaiting services is increasing. The rise in receivables means more business but at the same time more risk. The aim of this work is to present an overview of the risk management strategies involved in Forfaiting and Factoring services as the convention of Basel II forces the financial institutions to introduce higher standards of risk assessment and management. Besides documentary analysis of relevant material, expert interviews were conducted with nine professionals working in the factoring and forfaiting industry and analysed using ground theory. Results from the interviews and literature stress that the present economic downturn exposes Factoring and Forfaiting companies and banks to a higher credit risk, nevertheless they also benefit when compared to the conservative lending of banks. Finally this work concludes that a Factor must define its organisational goals focusing on clear identification and awareness of risk with the capability to adjust to changing business conditions.
Jason Scharfman A. Hedge Fund Operational Due Diligence. Understanding the Risks Jason Scharfman A. Hedge Fund Operational Due Diligence. Understanding the Risks Новинка

Jason Scharfman A. Hedge Fund Operational Due Diligence. Understanding the Risks

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How to diagnose and monitor key hedge fund operational risks With the various scandals taking place with hedge funds, now more than ever, both financial and operational risks must be examined. Revealing how to effectively detect and evaluate often-overlooked operational risk factors in hedge funds, such as multi-jurisdictional regulatory coordination, organizational nesting, and vaporware, Hedge Fund Operational Due Diligence includes real-world examples drawn from the author's experiences dealing with the operational risks of a global platform of over 80 hedge funds, funds of hedge funds, private equity, and real estate managers.
Sárkány Zoltán The New Basel III rules and recent market developments Sárkány Zoltán The New Basel III rules and recent market developments Новинка

Sárkány Zoltán The New Basel III rules and recent market developments

The Basel III rules introduce a comprehensive set of measures in order to strenghten the regulation, supervision and risk management of the banking sector as well as the wider financial sector. The new rules intend to targeting microprudential regulation which develops the resilience of banks, and macroprudential regulation that helps to improve mechanism keeping system-wide risks under control. Since the Basel documents have been released, legislations and processes are to be world-wide adopted in order to harmonize the national and/or group-wide rules with the newly introduced measures. This paper briefly presents the most important changes brought by the recently adopted Basel documents, in order to become familiar with the changes dully applicable from 1.1.2019.
Philippe Jorion Financial Risk Manager Handbook Philippe Jorion Financial Risk Manager Handbook Новинка

Philippe Jorion Financial Risk Manager Handbook

13225.3 руб. или Купить в рассрочку!
The essential reference for financial risk management Filled with in-depth insights and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Fifth Edition-which comes with an interactive CD-ROM containing hundreds of multiple-choice questions from previous FRM exams-is one of the best ways to prepare for the Financial Risk Manager (FRM) exam. Financial Risk Manager Handbook, Fifth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exam and prepares you to assess and control risk in today's rapidly changing financial world. Authored by renowned risk management expert Philippe Jorion-with the full support of GARP-this definitive guide summarizes the core body of knowledge for financial risk managers. Offers valuable insights on managing market, credit, operational, and liquidity risk Examines the importance of structured products, futures, options, and other derivative instruments Identifies regulatory and legal issues Addresses investment management and hedge fund risk Financial Risk Manager Handbook is the most comprehensive guide on this subject, and will help you stay current on best practices in this evolving field. The FRM Handbook is the official reference book for GARP's FRM® certification program. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
Andrew Waxman Rogues of Wall Street. How to Manage Risk in the Cognitive Era Andrew Waxman Rogues of Wall Street. How to Manage Risk in the Cognitive Era Новинка

Andrew Waxman Rogues of Wall Street. How to Manage Risk in the Cognitive Era

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Reduce or prevent risk failure losses with new and emerging technologies Rogues of Wall Street analyzes the recent risk failures and errors that have overwhelmed Wall Street for the past decade. Written by a veteran risk, compliance, and governance specialist, this book helps bank leaders and consultants identify the tools they need to effectively manage operational risk. Citing different types of risk events such as: Rogue and Insider Trading, cyber security, AML, the Mortgage Crisis, and other major events, chapters in the first half of the book detail each operational risk type along with its causative and contributing factors. The second half of the book takes an overarching approach to the tools and solutions available to financial institutions to manage such events in the future. From technology, to culture, to governance, and more, this book does more than simply identify the problem—it provides real-world solutions with actionable insight. Expert discussion identifies the tools financial institutions have at their disposal, and how these tools can be leveraged to create an environment in which catastrophic events are prevented or mitigated. In-depth insight from an industry specialist provides thought-provoking guidance for leaders seeking more effective risk management, and specifically addresses how to: Analyze major operational risk incidents and their underlying causes Investigate the tools that allow organizations to prevent and mitigate catastrophic events Learn how culture and governance can be optimized to support effective risk management Identify ways in which cognitive technologies could help your firm avoid losses Cognitive technologies have the potential to revolutionize the way business is done; eliminating the speed/cost/quality trade-off, these new and emerging tools are heralding the next leap in the evolution of risk management. Rogues of Wall Street shows you how bring these tools into your organization, and how they can contribute to your financial success.
Katrin Sülberg The Consequences of the New Basel Capital Accord (Basel II) for Bank Lending to Corporate Borrowers Katrin Sülberg The Consequences of the New Basel Capital Accord (Basel II) for Bank Lending to Corporate Borrowers Новинка

Katrin Sülberg The Consequences of the New Basel Capital Accord (Basel II) for Bank Lending to Corporate Borrowers

Inhaltsangabe:Abstract: The central problem and resulting question of this thesis was: 'Will Basel II make credits in the „Mittelstand” more expensive?' In view of the previous analysis on possible capital requirements and changes in credit conditions for German small and medium-sized enterprises, the answer to this question can be adequately answered: On average, Basel II does not make credits in the „Mittelstand” more expensive. Basel II has an influence on the amount of regulatory capital the banks have to hold. The costs of this scarce factor are included in the risk premium which is part of the borrower’s credit rent. Therefore, the credit rent would ceteris paribus be higher if capital requirements rose. However, it has been shown that for about 90% of German companies, capital requirements will even be lower in Basel II. This is because these companies will belong to the retail segment in Basel II where there is a reduction in regulatory capital (compared to the current 8%) up to a high probability of default between 7% and 8%, which would apply to a company in default or bankruptcy. Additionally, capital requirements for small and medium-sized enterprises can be further reduced due to the extended recognition of collaterals. Basel II has introduced types of collaterals that small and medium-sized companies are more often able to deliver, namely account receivables and real estate. It can therefore be concluded that a possible future increase in average credit ...
Xenia Plötz Basel II - Eigenkapitalrichtlinien fur Banken Xenia Plötz Basel II - Eigenkapitalrichtlinien fur Banken Новинка

Xenia Plötz Basel II - Eigenkapitalrichtlinien fur Banken

Bachelorarbeit aus dem Jahr 2011 im Fachbereich BWL - Bank, Börse, Versicherung, Note: 13 Punkte, Hochschule für öffentliche Verwaltung und Finanzen Ludwigsburg; ehem. Fachhochschule Ludwigsburg, Sprache: Deutsch, Abstract: Diese Bachelorarbeit befasst sich mit den grundlegenden Regelungen in Basel II, sowie einem Ausblick auf Basel III
Richard Apostolik Foundations of Financial Risk. An Overview of Financial Risk and Risk-based Financial Regulation Richard Apostolik Foundations of Financial Risk. An Overview of Financial Risk and Risk-based Financial Regulation Новинка

Richard Apostolik Foundations of Financial Risk. An Overview of Financial Risk and Risk-based Financial Regulation

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Gain a deeper understanding of the issues surrounding financial risk and regulation Foundations of Financial Risk details the various risks, regulations, and supervisory requirements institutions face in today's economic and regulatory environment. Written by the experts at the Global Association of Risk Professionals (GARP), this book represents an update to GARP's original publication, Foundations of Banking Risk. You'll learn the terminology and basic concepts surrounding global financial risk and regulation, and develop an understanding of the methods used to measure and manage market, credit, and operational risk. Coverage includes traded market risk and regulation, treasury risk and regulation, and much more, including brand new coverage of risk management for insurance companies. Clear explanations, focused discussion, and comprehensive relevancy make this book an ideal resource for an introduction to risk management. The textbook provides an understanding of risk management methodologies, governance structures for risk management in financial institutions and the regulatory requirements dictated by the Basel Committee on Banking Supervision. It provides thorough coverage of the issues surrounding financial risk, giving you a solid knowledgebase and a practical, applicable understanding. Understand risk measurement and management Learn how minimum capital requirements are regulated Explore all aspects of financial institution regulation and disclosure Master the terminology of global risk and regulation Financial institutions and supervisors around the world are increasingly recognizing how vital sound risk management practices are to both individual firms and the capital markets system as a whole. Savvy professionals recognize the need for authoritative and comprehensive training, and Foundations of Financial Risk delivers with expert-led education for those new to risk management.
Laura Gerke-Teufel Consequences of selected Basel III regulations for real estate developers Laura Gerke-Teufel Consequences of selected Basel III regulations for real estate developers Новинка

Laura Gerke-Teufel Consequences of selected Basel III regulations for real estate developers

Masterarbeit aus dem Jahr 2013 im Fachbereich BWL - Investition und Finanzierung, Munich Business School, Sprache: Deutsch, Abstract: The high leveraged American real estate investment market dominated by speculators, brought about a global financial crisis of epic proportions in 2008. The global financial recession, which followed, highlighted a gloomy rate of interdependence in the banking world. It exposed the tight interconnection of the American real estate market and the structures of the global financial market (Panagopoulos et al. 2009, 2-4).In December 2010, the Basel Committee on Banking Supervision published the report ''Basel III: A Global Regulatory Framework for More Resilient Banks and BankingSystems'' which will be implemented gradually across the European Union (among others) between 2013 and 2019 and supplements the existing International Convergence of Capital Measurement Document (Basel II) which was implementedin 2008 (Basel Committee on Banking Supervision, 2013).The reformed capital and liquidity requirements for banks, Basel III, is a response to the global financial crisis and represents a substantial step forward from its predecessor regime, Basel II which already based credit costs on the degree of risk. One of the most significant outcomes of Basel III will be the enormous rise in the banking industry's capital requirements and the rise in lending as well as borrowing costs (Basel Committee on Banking Supervision, 2013).Real est...
Mikulas Kohout Basel II. Strategische Implikationen und Handlungsmoglichkeiten fur Banken Mikulas Kohout Basel II. Strategische Implikationen und Handlungsmoglichkeiten fur Banken Новинка

Mikulas Kohout Basel II. Strategische Implikationen und Handlungsmoglichkeiten fur Banken

Inhaltsangabe:Einleitung: In dieser Arbeit werden zwei drastische Eingriffe in die Geschäftstätigkeit der Banken analysiert: Basel I (1992) und Basel II (2007). Beide verfolgen das Ziel die Stabilität im Finanzsektor aufrecht zu erhalten. Da Basel I + II Regulierungsbemühungen der Bankenaufsicht sind, kann man erwarten, dass die Reaktionen der Banken auf die neuen Rahmenbedingungen ähnlich ablaufen. Aus dieser Überlegung werden folgende Forschungsfragen abgeleitet: - Wie sind die Reaktionen auf Bankenregulierung im allgemeinen? - Was waren die Ursachen für die Einführung von Basel I und welche Auswirkungen sowie Strategien hatte dies zur Folge? - Was waren die Ursachen für die Einführung von Basel II? - Lassen sich Schlussfolgerungen auf die Reaktionen von Basel I auf Basel II ziehen? - Welche strategischen Auswirkung wird Basel II auf das Bankgeschäft haben? - Welche strategischen Handlungsmöglichkeiten bieten sich für Banken? Zur Untersuchung der letzten beiden Fragen wird als methodischer Ansatz das 7-S-System von McKinsey (Strategy, Structure, Systems, Style, Staff, Shared values, Skills) verwendet. In diesem Teil liegt das Schwergewicht der Arbeit. Banken reagieren auf Regulierungen im allgemeinen mit Kreditverknappung („credit crunch“) und / oder mit legaler Umgehung der ihnen aufgezwungenen Gesetze. Vor Basel I hatten sich die traditionsbedingten Strukturen, bedingt durch die Zunahme der Innovationen, verschoben. Die Ausdehnung des Off-Balance-Geschäfts und der damit v...
Clifford Rossi A Risk Professional's Survival Guide. Applied Best Practices in Risk Management Clifford Rossi A Risk Professional's Survival Guide. Applied Best Practices in Risk Management Новинка

Clifford Rossi A Risk Professional's Survival Guide. Applied Best Practices in Risk Management

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Balanced, practical risk management for post – financial crisis institutions Fundamentals of Risk Management fills a critical gap left by existing risk management texts. Instead of focusing only on quantitative risk analysis or only on institutional risk management, this book takes a comprehensive approach. The disasters of the recent financial crisis taught us that managing risk is both an art and a science, and it is critical for practitioners to understand how individual risks are integrated at the enterprise level. This book is the only resource of its kind to introduce all of the key risk management concepts in a cohesive case study spanning each chapter. A hypothetical bank drawn from elements of several real world institutions serves as a backdrop for topics from credit risk and operational risk to understanding big-picture risk exposure. You will be able to see exactly how each rigorous concept is applied in actual risk management contexts. Fundamentals of Risk Management includes: Supplemental Excel-based Visual Basic (VBA) modules, so you can interact directly with risk models Clear explanations of the importance of risk management in preventing financial disasters Real world examples and lessons learned from past crises Risk policies, infrastructure, and activities that balance limited quantitative models This book provides the element of hands-on application necessary to put enterprise risk management into effective practice. The very best risk managers rely on a balanced approach that leverages every aspect of financial operations for an integrative risk management strategy. With Fundamentals of Risk Management, you can identify and control risk at an expert level.
Joel Bessis Risk Management in Banking Joel Bessis Risk Management in Banking Новинка

Joel Bessis Risk Management in Banking

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Never before has risk management been so important. Now in its third edition, this seminal work by Joël Bessis has been comprehensively revised and updated to take into account the changing face of risk management. Fully restructured, featuring new material and discussions on new financial products, derivatives, Basel II, credit models based on time intensity models, implementing risk systems and intensity models of default, it also includes a section on Subprime that discusses the crisis mechanisms and makes numerous references throughout to the recent stressed financial conditions. The book postulates that risk management practices and techniques remain of major importance, if implemented in a sound economic way with proper governance. Risk Management in Banking, Third Edition considers all aspects of risk management emphasizing the need to understand conceptual and implementation issues of risk management and examining the latest techniques and practical issues, including: Asset-Liability Management Risk regulations and accounting standards Market risk models Credit risk models Dependencies modeling Credit portfolio models Capital Allocation Risk-adjusted performance Credit portfolio management Building on the considerable success of this classic work, the third edition is an indispensable text for MBA students, practitioners in banking and financial services, bank regulators and auditors alike.
Joel Bessis Risk Management in Banking Joel Bessis Risk Management in Banking Новинка

Joel Bessis Risk Management in Banking

5670.61 руб. или Купить в рассрочку!
Never before has risk management been so important. Now in its third edition, this seminal work by Joël Bessis has been comprehensively revised and updated to take into account the changing face of risk management. Fully restructured, featuring new material and discussions on new financial products, derivatives, Basel II, credit models based on time intensity models, implementing risk systems and intensity models of default, it also includes a section on Subprime that discusses the crisis mechanisms and makes numerous references throughout to the recent stressed financial conditions. The book postulates that risk management practices and techniques remain of major importance, if implemented in a sound economic way with proper governance. Risk Management in Banking, Third Edition considers all aspects of risk management emphasizing the need to understand conceptual and implementation issues of risk management and examining the latest techniques and practical issues, including: Asset-Liability Management Risk regulations and accounting standards Market risk models Credit risk models Dependencies modeling Credit portfolio models Capital Allocation Risk-adjusted performance Credit portfolio management Building on the considerable success of this classic work, the third edition is an indispensable text for MBA students, practitioners in banking and financial services, bank regulators and auditors alike.
Mark Laycock Risk Management At The Top. A Guide to Risk and its Governance in Financial Institutions Mark Laycock Risk Management At The Top. A Guide to Risk and its Governance in Financial Institutions Новинка

Mark Laycock Risk Management At The Top. A Guide to Risk and its Governance in Financial Institutions

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With over 30 years’ experience of risk management in banks, Mark Laycock provides a comprehensive but succinct non-technical overview of risk and its governance in financial institutions. Bridging the gap between texts on governance and the increasingly technical aspects of risk management the book covers the main risk types experienced by banks – credit, market, operational and liquidity – outlines those risks before considering them from a governance perspective including the Board and Executive Management. Addressing terminology issues that can confuse dialogue, and by providing a bibliography alongside each chapter for more detailed discussion of the topic this book will ground readers with the knowledge they require to understand the unknown unknowns.
Teressa Urgessa Risk Management Practice in Saving and Credit Cooperatives Teressa Urgessa Risk Management Practice in Saving and Credit Cooperatives Новинка

Teressa Urgessa Risk Management Practice in Saving and Credit Cooperatives

Studies reveled that risk management practice has significant impact on the institution goal, mission and objective achievements. Although a risk mgt practice has been studied by some scholars, such types of studies are not made on the sector of cooperative. Thus the purpose of this study is to assess the Risk Management Practice of Saving and Credit Cooperatives Union. The study also come across major gap in practicing the risk mgt; the union doesn't practice the risk mgt & risk mgt process is poor, there is no a department or individual personally responsible for risk mgt system, risk identification process is not going on a regular basis; qualitative risk analysis is not employed, standard tools and techniques were not used for identifying risk , there is no risk appetite and operational risk is the major risk that the union had confront. The researcher recommend, it is advisable for the union to have a department for risk mgt system, follow risk identification process to undertake it on a regular basis, Better to employ qualitative analysis, The management and control committee have to give emphasis for risk mgt and practical implementation of risk management.
Srichander Ramaswamy Managing Credit Risk in Corporate Bond Portfolios. A Practitioner's Guide Srichander Ramaswamy Managing Credit Risk in Corporate Bond Portfolios. A Practitioner's Guide Новинка

Srichander Ramaswamy Managing Credit Risk in Corporate Bond Portfolios. A Practitioner's Guide

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Expert guidance on managing credit risk in bond portfolios Managing Credit Risk in Corporate Bond Portfolios shows readers how to measure and manage the risks of a corporate bond portfolio against its benchmark. This comprehensive guide explores a wide range of topics surrounding credit risk and bond portfolios, including the similarities and differences between corporate and government bond portfolios, yield curve risk, default and credit migration risk, Monte Carlo simulation techniques, and portfolio selection methods. Srichander Ramaswamy, PhD (Basel, Switzerland), is Head of Investment Analysis at the Bank for International Settlements (BIS) in Basel, Switzerland, and Adjunct Professor of Banking and Finance, University of Lausanne.
Young Brendon Operational Risk Assessment. The Commercial Imperative of a more Forensic and Transparent Approach Young Brendon Operational Risk Assessment. The Commercial Imperative of a more Forensic and Transparent Approach Новинка

Young Brendon Operational Risk Assessment. The Commercial Imperative of a more Forensic and Transparent Approach

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Operational risk assessment The Commercial Imperative of a More Forensic and Transparent Approach Brendon Young and Rodney Coleman “Brendon Young and Rodney Coleman's book is extremely timely. There has never been a greater need for the financial industry to reassess the way it looks at risk. […] They are right to draw attention to the current widespread practices of risk management, which […] have allowed risk to become underpriced across the entire industry.” Rt Hon John McFall MP, Chairman, House of Commons Treasury Committee Failure of the financial services sector to properly understand risk was clearly demonstrated by the recent 'credit crunch'. In its 2008 Global Stability Report, the IMF sharply criticised banks and other financial institutions for the failure of risk management systems, resulting in excessive risk-taking. Financial sector supervision and regulation was also criticised for lagging behind shifts in business models and rapid innovation. This book provides investors with a sound understanding of the approaches used to assess the standing of firms and determine their true potential (identifying probable losers and potential longer-term winners). It advocates a 'more forensic' approach towards operational risk management and promotes transparency, which is seen as a facilitator of competition and efficiency as well as being a barrier to fraud, corruption and financial crime. Risk assessment is an integral part of informed decision making, influencing strategic positioning and direction. It is fundamental to a company’s performance and a key differentiator between competing management teams. Increasing complexity is resulting in the need for more dynamic, responsive approaches to the assessment and management of risk. Not all risks can be quantified; however, it remains incumbent upon management to determine the impact of possible risk-events on financial statements and to indicate the level of variation in projected figures. To begin, the book looks at traditional methods of risk assessment and shows how these have developed into the approaches currently being used. It then goes on to consider the more advanced forensic techniques being developed, which will undoubtedly increase understanding. The authors identify 'best practice' and address issues such as the importance of corporate governance, culture and ethics. Insurance as a mitigant for operational risk is also considered. Quantitative and qualitative risk assessment methodologies covered include: Loss-data analysis; extreme value theory; causal analysis including Bayesian Belief Networks; control risk self-assessment and key indicators; scenario analysis; and dynamic financial analysis. Views of industry insiders, from organisations such as Standard & Poors, Fitch, Hermes, USS, UN-PRI, Deutsche Bank, and Alchemy Partners, are presented together with those from experts at the FSA, the International Accounting Standards Board (IASB), and the Financial Reporting Council. In addition to investors, this book will be of interest to actuaries, rating agencies, regulators and legislators, as well as to the directors and risk managers of financial institutions in both the private and public sectors. Students requiring a comprehensive knowledge of operational risk management will also find the book of considerable value.
Stefanie Breidenbach Basel III Und Das Risikomanagement Der Banken. Massnahmen Zur Stabilisierung Des Bankensektors in Europa Stefanie Breidenbach Basel III Und Das Risikomanagement Der Banken. Massnahmen Zur Stabilisierung Des Bankensektors in Europa Новинка

Stefanie Breidenbach Basel III Und Das Risikomanagement Der Banken. Massnahmen Zur Stabilisierung Des Bankensektors in Europa

Als Reaktion auf die weltweite Finanzkrise, die Schwächen im regulatorischen Rahmenwerk von Banken aufdeckte, erarbeitete der Baseler Ausschuss für Bankenaufsicht (Basel Committee of Banking Supervision) umfassende Empfehlungen für Ergänzungen des Basel II-Rahmenwerkes. Darunter fallen unter anderem strengere Eigenkapitalanforderungen für Verbriefungspositionen, umfassendere Risikomessverfahren für Risiken im Handelsbuch, die Stärkung der Eigenkapitalbasis sowie neue globale Liquiditätsstandards. Da der Ausschuss über keine gesetzgeberischen Kompetenzen verfügt, erhalten seine Veröffentlichungen erst durch entsprechende Richtlinien der EU ihren rechtlich bindenden Charakter. Die sogenannte "Credit Requirements Directive" (CRD), die sich aus der Bankenrichtlinie und der Kapitaladäquanzrichtlinie zusammensetzt, wurde bzw. wird noch durch eine Reihe von Änderungsrichtlinien (CRD II, III und IV) ergänzt.Der erste Teil dieses Buches liefert einen Überblick über die Empfehlungen des Baseler Ausschusses und ihre Umsetzung auf europäischer und nationaler Ebene. Hierzu werden in chronologischer Reihenfolge die Inhalte der Veröffentlichungen vom Juli 2009 ("Enhancements to the Basel II framework" und "Revisions to the Basel II market risk framework") sowie der Konsulationspapiere vom Dezember 2009 ("Strengthening the resilience of the banking sector" und "International framework for liquidity riskmeasurement, standards and monitoring") dargestell...
Aldo Soprano Liquidity Management. A Funding Risk Handbook Aldo Soprano Liquidity Management. A Funding Risk Handbook Новинка

Aldo Soprano Liquidity Management. A Funding Risk Handbook

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Robust management of liquidity risk within the changing regulatory framework Liquidity Management applies current risk management theory, techniques, and processes to liquidity risk control and management to help organizations prepare in case of future economic crisis and changing regulatory framework. Based on extensive research conducted on banks' datasets, this book addresses the practical challenges and critical issues that frequently go unmentioned, and discusses the recent impact of sovereign crises on banks' liquidity processes and approaches. Market practices and regulatory stances are reviewed and compared to bank treasuries' response to liquidity crunches, refinancing risks are explored in the context of Basel 3, and alternative funding is analyzed in terms of resilience and allocation. Coverage includes the recent crisis, new regulations, and the techniques, processes, and strategies banks use in managing liquidity risk. The 2008 and 2010 crises brought liquidity risk out of the shadows as even profitable and well-capitalized banks were swept away with breathtaking speed. This book reviews modeling and internal process design in the context of the structural change in market conditions on banks' refinancing and control requirements, helping readers rethink and re-design their organization's approach to liquidity risk. Understand the new liquidity regulatory framework and the implications for banks Study the latest liquidity measurement models, with stress testing and scenario analysis Discover the effect of illiquid financing markets and possible lasting impacts Compare market liquidity and warning signals that detect further deterioration With much of the world still reeling from history, it's important that liquidity risk become a major focus going forward. This practical guide provides valuable information, but also real, actionable steps that can be taken today to forecast and mitigate risks with an eye toward greater stability and security. Liquidity Management is a thorough, comprehensive guide to a more robust management of liquidity risk.
David Buckham Executive's Guide to Solvency II David Buckham Executive's Guide to Solvency II Новинка

David Buckham Executive's Guide to Solvency II

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A straightforward guide to the evolution, benefits, and implementation of Solvency II Providing a guide to the evolution, practice, benefits, and implementation of Solvency II, Executive′s Guide to Solvency II deftly covers this major European regulation which ensures that insurers can meet their risk–based liabilities over a one–year period to a 99.5% certainty. Part of the Wiley and SAS Business series, this book will guide you through Solvency II, especially if you need to understand the subtleties of Solvency II and risk–based capital in basic business language. Among the topics covered in this essential book are: Background to Solvency II Learning from the Basel Approach The Economic Balance Sheet Internal Models People, Process, and Technology Business Benefits of Solvency II Executive′s Guide to Solvency II has as its aim an explanation for executives, practitioners, consultants, and others interested in the Solvency II process and the implications thereof, to understand how and why the directive originated, what its goals are, and what some of the complexities are. There is an emphasis on what in practice should be leveraged upon to achieve implementation, specifically data, processes, and systems, as well as recognition of the close alignment demanded between actuaries, the risk department, IT, and the business itself.
Gregory Hutchins Factory and Sourcing Checklists Gregory Hutchins Factory and Sourcing Checklists Новинка

Gregory Hutchins Factory and Sourcing Checklists

Why Purchase this Book? More than 1000 questions for supply chain, quality, engineering, and operational excellence professionals. Essential questions tailor your ISO 9001-2015 and internal auditing checklist. Tailor a checklist for continuous improvement.Bonus Materials/Resources: Access over 1,500 risk articles through CERM Academy ( Get free course materials such as using FMEA’s in ISO 9001:2015. Get slide decks with specific risk information on YouTube. Get discount for Certified Enterprise Risk Manager® certificate.
Jacques Janssen Basic Stochastic Processes Jacques Janssen Basic Stochastic Processes Новинка

Jacques Janssen Basic Stochastic Processes

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This book presents basic stochastic processes, stochastic calculus including Lévy processes on one hand, and Markov and Semi Markov models on the other. From the financial point of view, essential concepts such as the Black and Scholes model, VaR indicators, actuarial evaluation, market values, fair pricing play a central role and will be presented. The authors also present basic concepts so that this series is relatively self-contained for the main audience formed by actuaries and particularly with ERM (enterprise risk management) certificates, insurance risk managers, students in Master in mathematics or economics and people involved in Solvency II for insurance companies and in Basel II and III for banks.
Juan Ramirez Handbook of Basel III Capital. Enhancing Bank Capital in Practice Juan Ramirez Handbook of Basel III Capital. Enhancing Bank Capital in Practice Новинка

Juan Ramirez Handbook of Basel III Capital. Enhancing Bank Capital in Practice

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A deeper examination of Basel III for more effective capital enhancement The Handbook of Basel III Capital – Enhancing Bank Capital in Practice delves deep into the principles underpinning the capital dimension of Basel III to provide a more advanced understanding of real-world implementation. Going beyond the simple overview or model, this book merges theory with practice to help practitioners work more effectively within the regulatory framework, and utilise the complex rules to more effectively allocate and enhance capital. A European perspective covers the CRD IV directive and associated guidance, but practitioners across all jurisdictions will find value in the strategic approach to decisions surrounding business lines and assets; an emphasis on analysis urges banks to shed unattractive positions and channel capital toward opportunities that actually fit their risk and return profile. Real-world cases demonstrate successful capital initiatives as models for implementation, and in-depth guidance on Basel III rules equips practitioners to more effectively utilise this complex regulatory treatment. The specifics of Basel III implementation vary, but the underlying principles are effective around the world. This book expands upon existing guidance to provide a deeper working knowledge of Basel III utility, and the insight to use it effectively. Improve asset quality and risk and return profiles Adopt a strategic approach to capital allocation Compare Basel III implementation varies across jurisdictions Examine successful capital enhancement initiatives from around the world There is a popular misconception about Basel III being extremely conservative and a deterrent to investors seeking attractive returns. In reality, Basel III presents both the opportunity and a framework for banks to improve their assets and enhance overall capital – the key factor is a true, comprehensive understanding of the regulatory mechanisms. The Handbook of Basel III Capital – Enhancing Bank Capital in Practice provides advanced guidance for advanced practitioners, and real-world implementation insight.
Shyam Venkat Liquidity Risk Management. A Practitioner's Perspective Shyam Venkat Liquidity Risk Management. A Practitioner's Perspective Новинка

Shyam Venkat Liquidity Risk Management. A Practitioner's Perspective

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The most up-to-date, comprehensive guide on liquidity risk management—from the professionals Written by a team of industry leaders from the Price Waterhouse Coopers Financial Services Regulatory Practice, Liquidity Risk Management is the first book of its kind to pull back the curtain on a global approach to liquidity risk management in the post-financial crisis. Now, as a number of regulatory initiatives emerge, this timely and informative book explores the real-world implications of risk management practices in today's market. Taking a clear and focused approach to the operational and financial obligations of liquidity risk management, the book builds upon a foundational knowledge of banking and capital markets and explores in-depth the key aspects of the subject, including governance, regulatory developments, analytical frameworks, reporting, strategic implications, and more. The book also addresses management practices that are particularly insightful to liquidity risk management practitioners and managers in numerous areas of banking organizations. Each chapter is authored by a Price Waterhouse Coopers partner or director who has significant, hands-on expertise Content addresses key areas of the subject, such as liquidity stress testing and information reporting Several chapters are devoted to Basel III and its implications for bank liquidity risk management and business strategy Includes a dedicated, current, and all-inclusive look at liquidity risk management Complemented with hands-on insight from the field's leading authorities on the subject, Liquidity Risk Management is essential reading for practitioners and managers within banking organizations looking for the most current information on liquidity risk management.
John Fraser Implementing Enterprise Risk Management. Case Studies and Best Practices John Fraser Implementing Enterprise Risk Management. Case Studies and Best Practices Новинка

John Fraser Implementing Enterprise Risk Management. Case Studies and Best Practices

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Overcome ERM implementation challenges by taking cues from leading global organizations Implementing Enterprise Risk Management is a practical guide to establishing an effective ERM system by applying best practices at a granular level. Case studies of leading organizations including Mars, Statoil, LEGO, British Columbia Lottery Corporation, and Astro illustrate the real-world implementation of ERM on a macro level, while also addressing how ERM informs the response to specific incidents. Readers will learn how top companies are effectively constructing ERM systems to positively drive financial growth and manage operational and outside risk factors. By addressing the challenges of adopting ERM in large organizations with different functioning silos and well-established processes, this guide provides expert insight into fitting the new framework into cultures resistant to change. Enterprise risk management covers accidental losses as well as financial, strategic, operational, and other risks. Recent economic and financial market volatility has fueled a heightened interest in ERM, and regulators and investors have begun to scrutinize companies' risk-management policies and procedures. Implementing Enterprise Risk Management provides clear, demonstrative instruction on establishing a strong, effective system. Readers will learn to: Put the right people in the right places to build a strong ERM framework Establish an ERM system in the face of cultural, logistical, and historical challenges Create a common language and reporting system for communicating key risk indicators Create a risk-aware culture without discouraging beneficial risk-taking behaviors ERM is a complex endeavor, requiring expert planning, organization, and leadership, with the goal of steering a company's activities in a direction that minimizes the effects of risk on financial value and performance. Corporate boards are increasingly required to review and report on the adequacy of ERM in the organizations they administer, and Implementing Enterprise Risk Management offers operative guidance for creating a program that will pass muster.
Christian Szylar Handbook of Market Risk Christian Szylar Handbook of Market Risk Новинка

Christian Szylar Handbook of Market Risk

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A ONE-STOP GUIDE FOR THE THEORIES, APPLICATIONS, AND STATISTICAL METHODOLOGIES OF MARKET RISK Understanding and investigating the impacts of market risk on the financial landscape is crucial in preventing crises. Written by a hedge fund specialist, the Handbook of Market Risk is the comprehensive guide to the subject of market risk. Featuring a format that is accessible and convenient, the handbook employs numerous examples to underscore the application of the material in a real-world setting. The book starts by introducing the various methods to measure market risk while continuing to emphasize stress testing, liquidity, and interest rate implications. Covering topics intrinsic to understanding and applying market risk, the handbook features: An introduction to financial markets The historical perspective from market events and diverse mathematics to the value-at-risk Return and volatility estimates Diversification, portfolio risk, and efficient frontier The Capital Asset Pricing Model and the Arbitrage Pricing Theory The use of a fundamental multi-factors model Financial derivatives instruments Fixed income and interest rate risk Liquidity risk Alternative investments Stress testing and back testing Banks and Basel II/III The Handbook of Market Risk is a must-have resource for financial engineers, quantitative analysts, regulators, risk managers in investments banks, and large-scale consultancy groups advising banks on internal systems. The handbook is also an excellent text for academics teaching postgraduate courses on financial methodology.
Dennis Salgmann Auswirkung von Basel II auf die private Immobilienfinanzierung Dennis Salgmann Auswirkung von Basel II auf die private Immobilienfinanzierung Новинка

Dennis Salgmann Auswirkung von Basel II auf die private Immobilienfinanzierung

Inhaltsangabe:Zusammenfassung: Im Mai 2001 hat der Baseler Ausschuss für Bankenaufsicht ein zweites Konsultationspapier zur neuen Eigenkapitalvereinbarung veröffentlicht. Nach einer weiteren Konsultationsperiode ist zu erwarten, dass die neue Baseler Eigenkapitalvereinbarung („Basel II“) Ende 2003 endgültig verabschiedet wird und für alle deutschen Banken Gültigkeit erlangen wird. Die geltende Eigenkapitalvereinbarung von 1988 soll damit abgelöst werden. Das Papier sieht im Wesentlichen vor, Kreditrisiken in Abhängigkeit von der Bonität des Schuldners stärker zu differenzieren. Oftmals wird im Zusammenhang mit Basel II von einer Verknappung bzw. Verteuerung der Kredite an den Mittelstand gesprochen. Untersuchungen zur Auswirkung von Basel II auf die Finanzierung des Mittelstandes sind bereits mehrfach erstellt worden. Nicht – oder nur selten – untersucht werden hingegen die Auswirkungen von Basel II auf die Immobilienfinanzierung. Gerade in diesem Geschäftssegment wird die Dimension, die Basel II haben könnte deutlich. So waren etwa 48 Prozent des gesamten Kreditvolumens an inländische Unternehmen und Privatpersonen für den Wohnungsbau (Hypothekar- und sonstige Kredite) bestimmt, wobei das Gesamtkreditvolumen im Dezember 2002 bei ca. 2.241 Mrd. Euro lag. Allein diese Zahlen belegen schon die wirtschaftliche Bedeutung der Immobilienfinanzierung in Deutschland. In Bezug auf die Aufgabenstellung dieser Diplomarbeit ist außerdem interessant, dass die Kredite an wirtschaftlich uns...
Georgi Popov Risk Assessment. A Practical Guide to Assessing Operational Risks Georgi Popov Risk Assessment. A Practical Guide to Assessing Operational Risks Новинка

Georgi Popov Risk Assessment. A Practical Guide to Assessing Operational Risks

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Covers the fundamentals of risk assessment and emphasizes taking a practical approach in the application of the techniques Written as a primer for students and employed safety professionals covering the fundamentals of risk assessment and emphasizing a practical approach in the application of the techniques Each chapter is developed as a stand-alone essay, making it easier to cover a subject Includes interactive exercises, links, videos, and downloadable risk assessment tools Addresses criteria prescribed by the Accreditation Board for Engineering and Technology (ABET) for safety programs
Joel Bessis Risk Management in Banking Joel Bessis Risk Management in Banking Новинка

Joel Bessis Risk Management in Banking

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The seminal guide to risk management, streamlined and updated Risk Management in Banking is a comprehensive reference for the risk management industry, covering all aspects of the field. Now in its fourth edition, this useful guide has been updated with the latest information on ALM, Basel 3, derivatives, liquidity analysis, market risk, structured products, credit risk, securitizations, and more. The new companion website features slides, worked examples, a solutions manual, and the new streamlined, modular approach allows readers to easily find the information they need. Coverage includes asset liability management, risk-based capital, value at risk, loan portfolio management, capital allocation, and other vital topics, concluding with an examination of the financial crisis through the utilisation of new views such as behavioural finance and nonlinearity of risk. Considered a seminal industry reference since the first edition's release, Risk Management in Banking has been streamlined for easy navigation and updated to reflect the changes in the field, while remaining comprehensive and detailed in approach and coverage. Students and professionals alike will appreciate the extended scope and expert guidance as they: Find all «need-to-know» risk management topics in a single text Discover the latest research and the new practices Understand all aspects of risk management and banking management See the recent crises – and the lessons learned – from a new perspective Risk management is becoming increasingly vital to the banking industry even as it grows more complex. New developments and advancing technology continue to push the field forward, and professionals need to stay up-to-date with in-depth information on the latest practices. Risk Management in Banking provides a comprehensive reference to the most current state of the industry, with complete information and expert guidance.
Hong Chen Power Grid Operation in a Market Environment. Economic Efficiency and Risk Mitigation Hong Chen Power Grid Operation in a Market Environment. Economic Efficiency and Risk Mitigation Новинка

Hong Chen Power Grid Operation in a Market Environment. Economic Efficiency and Risk Mitigation

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Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.
Ion Luminita, Fratila Laurentiu Risk - Important Part of Banking Management Ion Luminita, Fratila Laurentiu Risk - Important Part of Banking Management Новинка

Ion Luminita, Fratila Laurentiu Risk - Important Part of Banking Management

In research performed I watched to present methods of classification of loans and methods of establishing internal ratings within the banks. The result of the method of classifying assets consists in identifying good quality loans and their separation by the nonperforming loans. I also conducted an analysis of the situation of currency risk in case of the commercial banks. Thus I determined a set of indicators that can be measured both at the level of territorial units as well as the level of Central Bank. Another important issue addressed in the paper is the importance of ensuring solvency of the bank in overtaking difficulties generated by the financial crisis. In the chapter relating to the measurement the risk of interest rate I identified a technique used in banking to reduce interest rate risk, named GAP model or model of discrepancy between assets and liabilities of banks. In terms of reduction of the liquidity risk I presented a method that allows monitoring the indicators of liquidity on maturity bands. In the chapter concerning to management of the operational risk I presented a new method for managing this type of risk, respectively the insurance of operational risk.
Roman Smidrkal Mittelstandsorientierte Unternehmensfinanzierung und vorbereitende Massnahmen im Rahmen von Basel II Roman Smidrkal Mittelstandsorientierte Unternehmensfinanzierung und vorbereitende Massnahmen im Rahmen von Basel II Новинка

Roman Smidrkal Mittelstandsorientierte Unternehmensfinanzierung und vorbereitende Massnahmen im Rahmen von Basel II

Inhaltsangabe:Zusammenfassung: Ende 2006 soll die neue Basler Eigenkapitalvereinbarung (Basel II) in Kraft treten, die regelt, wie viel Eigenkapital eine Bank bei einem Kreditgeschäft hinterlegen muss, um Reserven im Falle einer Insolvenz des Schuldners vorhalten zu können. Im Rahmen der aktuellen „Basler Eigenkapitalvereinbarung (Basel I)“ muss das kreditvergebende Institut 8 % der Kreditsumme hinterlegen. Dieser Satz soll nach Willen der „Bank für Internationalen Zahlungsausgleich (BIZ)“ in einen bonitätsabhängigen Satz umgewandelt werden, der höher aber auch niedriger sein kann als die aktuellen 8 %. Die vorliegende Masterthesis soll einen detaillierten Blick auf das neue Regelwerk werfen und die operativen Prozesse, die Basel II mit sich bringt, beschreiben. Eines der Hauptziele dieser Arbeit ist es zudem, die Auswirkungen auf den deutschen Mittelstand aufzuzeigen sowie einen Überblick über mögliche vorbereitende Maßnahmen zu geben. Diese Analyse berücksichtigt den aktuellen Stand der Diskussion über Basel II bis Mai 2004 und hat es sich zur Aufgabe gemacht, die verschiedensten Perspektiven über die möglichen Auswirkungen aufzuzeigen und kritisch zu beleuchten. Die Argumente und Analyse des Problems rund um Basel II beziehen sich auf die relevanten Teile des Regelwerkes für die Kreditvergabe von Kreditinstituten gegenüber Unternehmen. Diese Studie wurde in sieben Kapitel unterteilt. Im zweiten Kapitel geht es um die historische Entwicklung der Unternehmensfinanzierung und...
Gudni Adalsteinsson The Liquidity Risk Management Guide. From Policy to Pitfalls Gudni Adalsteinsson The Liquidity Risk Management Guide. From Policy to Pitfalls Новинка

Gudni Adalsteinsson The Liquidity Risk Management Guide. From Policy to Pitfalls

6297.76 руб. или Купить в рассрочку!
Liquidity risk is in the spotlight of both regulators and management teams across the banking industry. The European banking regulator has introduced and implemented a stronger liquidity regulatory framework and local regulators have made liquidity a top priority on their supervisory agenda. Banks have accordingly followed suit. Liquidity risk is now a topic widely discussed in boardrooms as banks strive to set up a strong and efficient liquidity risk management framework which, while maintaining sufficient resources, does not jeopardize the necessary profitability and return targets. The Liquidity Risk Management Guide: From Policy to Pitfalls is practical guide for banks and risk professionals to proactively manage liquidity risk in a systemic way. The book sets out its own comprehensive framework, which includes all the various and critical components of liquidity risk management. The recommendations are based on experiences from the recent financial crises, best practices and compliance with current and future regulatory requirements, with special emphasis on Basel III. Using the new 6 Step Framework, the book provides step-by-step guidance for the reader to build their liquidity management framework into a new overarching structure, which brings all the different parts of liquidity risk into one approach. Special attention is given to the challenges that banks currently face when adopting and implementing the Basel III liquidity requirements and guidance is given on how the new metrics can be integrated into the existing framework, providing the most value to the banks instead of being a regulatory reporting matter.
Jon Gregory Counterparty Credit Risk. The new challenge for global financial markets Jon Gregory Counterparty Credit Risk. The new challenge for global financial markets Новинка

Jon Gregory Counterparty Credit Risk. The new challenge for global financial markets

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The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the investment bank Lehman Brothers and failure of other high profile institutions such as Bear Sterns, AIG, Fannie Mae and Freddie Mac. The sudden realisation of extensive counterparty risks has severely compromised the health of global financial markets. Counterparty risk is now a key problem for all financial institutions. This book explains the emergence of counterparty risk during the recent credit crisis. The quantification of firm-wide credit exposure for trading desks and businesses is discussed alongside risk mitigation methods such as netting and collateral management (margining). Banks and other financial institutions have been recently developing their capabilities for pricing counterparty risk and these elements are considered in detail via a characterisation of credit value adjustment (CVA). The implications of an institution valuing their own default via debt value adjustment (DVA) are also considered at length. Hedging aspects, together with the associated instruments such as credit defaults swaps (CDSs) and contingent CDS (CCDS) are described in full. A key feature of the credit crisis has been the realisation of wrong-way risks illustrated by the failure of monoline insurance companies. Wrong-way counterparty risks are addressed in detail in relation to interest rate, foreign exchange, commodity and, in particular, credit derivative products. Portfolio counterparty risk is covered, together with the regulatory aspects as defined by the Basel II capital requirements. The management of counterparty risk within an institution is also discussed in detail. Finally, the design and benefits of central clearing, a recent development to attempt to control the rapid growth of counterparty risk, is considered. This book is unique in being practically focused but also covering the more technical aspects. It is an invaluable complete reference guide for any market practitioner with any responsibility or interest within the area of counterparty credit risk.
Philippe Jorion Financial Risk Manager Handbook Philippe Jorion Financial Risk Manager Handbook Новинка

Philippe Jorion Financial Risk Manager Handbook

11335.97 руб. или Купить в рассрочку!
An essential guide to financial risk management as well as the only way to ace the GARP FRM Exam The Financial Risk Management Exam (FRM Exam) was developed by the Global Association of Risk Professionals (GARP) as a means of establishing an industry standard of minimum professional competence in the field. It is given annually in November for risk professionals who want to earn FRM certification. Authored by renowned financial risk management guru Phillipe Jorion, with the full support of the GARP, this is the definitive guide for those preparing to take the FRM Exam. With the help of questions (and solutions) taken from previous exams, Jorion coaches readers on quantitative methods, capital markets, and market, credit, operational, and risk management concepts and assessment techniques. In addition to being the indispensable guide for those aspiring to FRM certification, Financial Risk Manager Handbook also serves as a valued working reference for risk professionals. Phillipe Jorion, PhD (Irvine, CA), is a Professor of Finance at the Graduate School of Management at UC Irvine. He has also taught at Columbia University, Northwestern University, the University of Chicago, and the University of British Columbia.
Marcus Matthias Keupp Basel II und Risiko. Eine bilanzielle Betrachtung am Beispiel des Forderungsmanagements Marcus Matthias Keupp Basel II und Risiko. Eine bilanzielle Betrachtung am Beispiel des Forderungsmanagements Новинка

Marcus Matthias Keupp Basel II und Risiko. Eine bilanzielle Betrachtung am Beispiel des Forderungsmanagements

Studienarbeit aus dem Jahr 2002 im Fachbereich BWL - Investition und Finanzierung, Note: sehr gut (1,0), Universität Mannheim (Fakultät für BWL), Veranstaltung: Seminar, 14 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: Die Arbeit untersucht anhand einer integrierten Betrachtung von Aktiv- und Passivseite, wie Basel II und unternehmensinterne Risikostrukturen zusammenhängen. Als Betrachtungsbeispiel dient das akademisch noch sehr wenig erforschte Forderungsmanagement.
Jacques Janssen VaR Methodology for Non-Gaussian Finance Jacques Janssen VaR Methodology for Non-Gaussian Finance Новинка

Jacques Janssen VaR Methodology for Non-Gaussian Finance

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With the impact of the recent financial crises, more attention must be given to new models in finance rejecting “Black-Scholes-Samuelson” assumptions leading to what is called non-Gaussian finance. With the growing importance of Solvency II, Basel II and III regulatory rules for insurance companies and banks, value at risk (VaR) – one of the most popular risk indicator techniques plays a fundamental role in defining appropriate levels of equities. The aim of this book is to show how new VaR techniques can be built more appropriately for a crisis situation. VaR methodology for non-Gaussian finance looks at the importance of VaR in standard international rules for banks and insurance companies; gives the first non-Gaussian extensions of VaR and applies several basic statistical theories to extend classical results of VaR techniques such as the NP approximation, the Cornish-Fisher approximation, extreme and a Pareto distribution. Several non-Gaussian models using Copula methodology, Lévy processes along with particular attention to models with jumps such as the Merton model are presented; as are the consideration of time homogeneous and non-homogeneous Markov and semi-Markov processes and for each of these models. Contents 1. Use of Value-at-Risk (VaR) Techniques for Solvency II, Basel II and III. 2. Classical Value-at-Risk (VaR) Methods. 3. VaR Extensions from Gaussian Finance to Non-Gaussian Finance. 4. New VaR Methods of Non-Gaussian Finance. 5. Non-Gaussian Finance: Semi-Markov Models. About the Authors Marine Habart-Corlosquet is a Qualified and Certified Actuary at BNP Paribas Cardif, Paris, France. She is co-director of EURIA (Euro-Institut d’Actuariat, University of West Brittany, Brest, France), and associate researcher at Telecom Bretagne (Brest, France) as well as a board member of the French Institute of Actuaries. She teaches at EURIA, Telecom Bretagne and Ecole Centrale Paris (France). Her main research interests are pandemics, Solvency II internal models and ALM issues for insurance companies. Jacques Janssen is now Honorary Professor at the Solvay Business School (ULB) in Brussels, Belgium, having previously taught at EURIA (Euro-Institut d’Actuariat, University of West Brittany, Brest, France) and Telecom Bretagne (Brest, France) as well as being a director of Jacan Insurance and Finance Services, a consultancy and training company. Raimondo Manca is Professor of mathematical methods applied to economics, finance and actuarial science at University of Roma “La Sapienza” in Italy. He is associate editor for the journal Methodology and Computing in Applied Probability. His main research interests are multidimensional linear algebra, computational probability, application of stochastic processes to economics, finance and insurance and simulation models.
Imam Wahyudi Risk Management for Islamic Banks. Recent Developments from Asia and the Middle East Imam Wahyudi Risk Management for Islamic Banks. Recent Developments from Asia and the Middle East Новинка

Imam Wahyudi Risk Management for Islamic Banks. Recent Developments from Asia and the Middle East

5280.79 руб. или Купить в рассрочку!
Gain insight into the unique risk management challenges within the Islamic banking system Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East analyzes risk management strategies in Islamic banking, presented from the perspectives of different banking institutions. Using comprehensive global case studies, the book details the risks involving various banking institutions in Indonesia, Malaysia, UAE, Bahrain, Pakistan, and Saudi Arabia, pointing out the different management strategies that arise as a result of Islamic banking practices. Readers gain insight into risk management as a comprehensive system, and a process of interlinked continuous cycles that integrate into every business activity within Islamic banks. The unique processes inherent in Islamic banking bring about complex risks not experienced by traditional banks. From Shariah compliance, to equity participation contracts, to complicated sale contracts, Islamic banks face unique market risks. Risk Management for Islamic Banks covers the creation of an appropriate risk management environment, as well as a stage-based implementation strategy that includes risk identification, measurement, mitigation, monitoring, controlling, and reporting. The book begins with a discussion of the philosophy of risk management, then delves deeper into the issue with topics like: Risk management as an integrated system The history, framework, and process of risk management in Islamic banking Financing, operational, investment, and market risk Shariah compliance and associated risk The book also discusses the future potential and challenges of Islamic banking, and outlines the risk management pathway. As an examination of the wisdom, knowledge, and ideal practice of Islamic banking, Risk Management for Islamic Banks contains valuable insights for those active in the Islamic market.
Simon Archer Islamic Capital Markets and Products. Managing Capital and Liquidity Requirements Under Basel III Simon Archer Islamic Capital Markets and Products. Managing Capital and Liquidity Requirements Under Basel III Новинка

Simon Archer Islamic Capital Markets and Products. Managing Capital and Liquidity Requirements Under Basel III

Ensure Basel III compliance with expert analysis specific to Islamic Finance Islamic Capital Markets and Products provides a thorough examination of Islamic capital markets (ICM), with particular attention to the products that they offer and the legal and regulatory infrastructure within which they operate. Since Islamic banks act as asset managers, attention is paid to the regulatory challenges which they face in the light of Basel III, as regards both eligible capital and liquidity risk management. The authors of the chapters are professionals and practitioners, and write from experience. The editors also contributed to some of the chapters. The markets and products covered include Islamic equities, Islamic investment certificates (Sukūk) which are Shari'ah compliant alternatives to conventional bonds, and Islamic Collective Investment Schemes. The coverage of legal and regulatory issues includes an examination of the implications for ICM of securities laws and regulations and of Basel III, as well as collateralisation issues. Shari'ah compliance aspects, in terms both of the selection criteria for Islamic equities and of the 'purification' of impermissible components of income, are also examined in some detail, as are the implications of Basel III for eligible capital in general and for Shari'ah compliant capital instruments in particular. A similar analysis is also made of the implications of the Basel III requirements for liquidity risk management and high quality liquid assets (HQLA), including Shari'ah compliant HQLA. The book concludes with three case studies, two describing the ICM in Malaysia and Bahrain and a third which describes Sukūk issued as Shari'ah compliant capital instruments, followed by brief concluding remarks by the editors.
Panos Kouvelis Handbook of Integrated Risk Management in Global Supply Chains Panos Kouvelis Handbook of Integrated Risk Management in Global Supply Chains Новинка

Panos Kouvelis Handbook of Integrated Risk Management in Global Supply Chains

12908.6 руб. или Купить в рассрочку!
A comprehensive, one-stop reference for cutting-edge research in integrated risk management, modern applications, and best practices In the field of business, the ever-growing dependency on global supply chains has created new challenges that traditional risk management must be equipped to handle. Handbook of Integrated Risk Management in Global Supply Chains uses a multi-disciplinary approach to present an effective way to manage complex, diverse, and interconnected global supply chain risks. Contributions from leading academics and researchers provide an action-based framework that captures real issues, implementation challenges, and concepts emerging from industry studies.The handbook is divided into five parts: Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers Industrial Applications presents examples and case studies that showcase the discussed methodologies Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices. Handbook of Integrated Risk Management in Global Supply Chains is an essential reference for academics and practitioners in the areas of supply chain management, global logistics, management science, and industrial engineering who gather, analyze, and draw results from data. The handbook is also a suitable supplement for operations research, risk management, and financial engineering courses at the upper-undergraduate and graduate levels.
Daniela Unger Neue Eigenkapitalvorschriften fur den Finanzsektor Daniela Unger Neue Eigenkapitalvorschriften fur den Finanzsektor Новинка

Daniela Unger Neue Eigenkapitalvorschriften fur den Finanzsektor

Diplomarbeit aus dem Jahr 2011 im Fachbereich Politik - Internationale Politik - Thema: Deutsche Außenpolitik, Note: 1,4, Fachhochschule Burgenland, Sprache: Deutsch, Abstract: Damit Kunden „aus einer Hand" mit einem breiten Spektrum an Finanzdienstleistungen versorgt werden und die Unternehmen flexibler auf die Kundenwünsche eingehen können, kam es in den letzten Jahren zu vermehrten Zusammenschlüssen von Banken und Versicherungen zu Finanzkonglomeraten. Da die bestehenden Eigenkapitalvorschriften für Banken und Versicherungen nicht mehr zeitgemäß sind, wurden mit Basel II für Banken und Solvency II für Versicherungen zwei neue Aufsichtsmodelle entwickelt. Ziel dieser Arbeit ist es die Auswirkungen, die die Basel II- und Solvency II-Einführung auf die Eigenkapitalan-forderung von Finanzkonglomeraten hat bzw. haben wird, darzustellen.Die Diplomarbeit ist in zwei Teile, einen theoretischen und einen empirischen Teil, gegliedert. Im theoretischen Teil wurden die rechtlichen Rahmenbedingungen, die unterschiedlichen Risikoarten, die Inhalte und Berechnungsmethoden von Basel II und Solvency II und die einzelnen Schritte der Risikoaggregation dargestellt. Der empirische Teil ist wiederum zweigeteilt. Um die Auswirkungen von Basel II auf Eigenkapitalanforderung von Banken zu beziffern, wurden Geschäftsberichte österreichischer Banken analysiert. Die Auswirkungen von Solvency II wurden anhand durchgeführter Expertengespräche untersucht. Interviewt wurden hierfür Experten aus den ...
Timo Köffer Basel III - Implications for banks. capital structure. What happens with hybrid capital instruments. Timo Köffer Basel III - Implications for banks. capital structure. What happens with hybrid capital instruments. Новинка

Timo Köffer Basel III - Implications for banks. capital structure. What happens with hybrid capital instruments.

This book attempts to answer the question of how CoCos differ from convertible bonds, and how these instruments are suitable for contributing as core capital under Basel III. The place ability of CoCos and the challenges resulting from their use are discussed in this book. Overall a comprehensive picture of the impacts resulting from the new capital definitions will be created. The Background to the introduction of Basel III is described at the beginning of the book, in addition to a presentation of the Basel III document and the new capital definitions. To create a kind of basic understanding of the functioning of convertible bonds and CoCos, hybrid capital will then be explained. In the following part of the book the design options of CoCos and different interests of investor groups are shown. Then the Commerzbank AG is analyzed by means of an analysis of how the capital components changed in Basel II through to Basel III over the last two years. The effect of Basel III on hybrid capital will be illustrated with a practical example. At the end of the book follows a short conclusion regarding the potential impact of Basel III on hybrid capital and the new capital instrument CoCos.
Albert Sprung Qualitative und quantitative Kriterien zur Beurteilung von Unternehmen nach Basel II Albert Sprung Qualitative und quantitative Kriterien zur Beurteilung von Unternehmen nach Basel II Новинка

Albert Sprung Qualitative und quantitative Kriterien zur Beurteilung von Unternehmen nach Basel II

Inhaltsangabe:Einleitung: Eigentlich sollen die neuen Regelungen zur Kreditvergabe (Basel II) das internationale Finanzsystem stabilisieren. Doch im vergangenen Jahr lösten sie vor allem medial „heiße Diskussionen“ aus. Befürchtungen stehen im Raum, dass durch Basel II in Zukunft Unternehmen mit einem schlechten Rating keine Kredite mehr erhalten. Welche Kriterien braucht ein Rating, bzw. welche Kriterien werden beim Rating durch die Banken herangezogen und wie werden diese bewertet bzw. gewichtet? Sind die gestellten Anforderungen erfüllbar? Muss ein teures externes Rating durchgeführt werden. Bekommt man Einblick in die Ergebnisse des Ratings. In dieser Diplomarbeit sollen diese Themen behandelt, analysiert und durchleuchtet werden. Thesen sollen aufgestellt und diskutiert werden. Die Ermittlung der Bonität von Unternehmen durch Banken (interne Bank-Ratings) gibt es seit Kredite vergeben werden. Die Kriterien die für diese Bewertung herangezogen werden, haben sich im Laufe der Zeit jedoch verfeinert, erweitert und verbessert. Mit Basel II werden diese Kriterien erstmals über alle Banken vereinheitlicht und aufsichtsrechtlich relevant. Die Vorgaben durch das neue Basler Abkommen (Basel II) sind sehr klar, die Umsetzung durch die Banken im Detail lässt gewisse Spielräume. Eine Fülle von Kriterien wird durch die Banken für das Rating herangezogen. Grob werden diese in zwei Kategorien eingeteilt: Den quantitativen, den sogenannten Hard-Facts und den qualitativen, den sogenannte...
Georg Hövemann Basel II im karitativ-kirchlichen Stiftungswesen. Strategische Weiterentwicklung durch Ratingkriterien Georg Hövemann Basel II im karitativ-kirchlichen Stiftungswesen. Strategische Weiterentwicklung durch Ratingkriterien Новинка

Georg Hövemann Basel II im karitativ-kirchlichen Stiftungswesen. Strategische Weiterentwicklung durch Ratingkriterien

Masterarbeit aus dem Jahr 2006 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 2,5, Universität Lüneburg, 121 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: Basel II ist im Kreditwesen derzeit eines der meistgenannten Themen. Es wird zum 01.01.2007 europaweit für alle kreditnehmenden Unternehmen eingeführt. Danach werden alle kreditbeantragenden Unternehmen einem ständigen Rating unterzogen, und deren Kreditwürdigkeit festgestellt. Das wird zu unterschiedlichen Zinsätzen führen. Dieses Rating wird für viele Unternehmen im wahrsten Sinne des Wortes existenzielle Auswirkungen haben. Deshalb ist BASEL II im Profitbereich bereits längst Thema und Gegenstand einer breiten Sammlung aktueller Literaturveröffentlichungen und insbesondere Internetverweise.Dagegen wird BASEL II erst langsam, sehr zögerlich auch Thema für die Sozialwirtschaft, die, sofern sie eine Kapitalbildung über Kredite finanzieren möchte oder muss, sich ebenfalls diesem Rating zu unterwerfen hat. Und schaut man genauer in die Literatur, so muss auch innerhalb der Sozialwirtschaft ebenfalls differenziert werden. BASEL II wird durchaus ein ernstes Thema1für einzelne, am Kapitalmarkt tätige Soziale Unternehmen. Im Wesentlichen werden von den Banken im Bereich der Sozialwirtschaft eher „immobilienbasierende" Angebote wie, z.B. Krankenhäuser, Altenwohn- und Pflegeeinrichtungen Kur-, Erholungs- und Beherbergungseinrichtungen, Bildungseinrichtzungen gesehen. Darüber hinaus ents...
Tanja Hörmann Die Bedeutung eines Qualitatsmanagementsystems nach DIN EN ISO 9001. 2008 im Rahmen von Basel II fur Banken und KMU Tanja Hörmann Die Bedeutung eines Qualitatsmanagementsystems nach DIN EN ISO 9001. 2008 im Rahmen von Basel II fur Banken und KMU Новинка

Tanja Hörmann Die Bedeutung eines Qualitatsmanagementsystems nach DIN EN ISO 9001. 2008 im Rahmen von Basel II fur Banken und KMU

Studienarbeit aus dem Jahr 2012 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,3, Hochschule für angewandte Wissenschaften München, Sprache: Deutsch, Abstract: Die Gefahr der Überschuldung und Zahlungsunfähigkeit wird durch die neue Eigenkapitalverordnung der Banken (Basel II) verschärft. Durch Basel II gilt im Grundsatz, dass sich die Risiken des Schuldners über das Rating direkt auf das Kapitalrisiko der Bank auswirken. Die Bank muss wiederrum in Abhängigkeit des Kreditrisikos einen Risikopuffer einrichten. Je weiter die Krise vorangeschritten ist, desto höher und unkontrollierbarer sind die Risiken und desto schwerer wird es für Unternehmen sein, ein Kreditinstitut zu finden, das bereit sein wird weitere Kredite zu gewähren. In die Beurteilung des Kreditrisikos fließen nach Basel II die Bewertung operationeller Risiken und qualitative Faktoren, wie beispielsweise die Ausgestaltung von Prozessen ein. Durch die Implementierung eines Qualitätsmanagementsystems könnten interne Prozessrisiken minimiert und die eigene Kreditwürdigkeit verbessert werden. Im Ernstfall kann dies über das ökonomische Überleben des Unternehmens entscheiden. Basel II impliziert also, dass nicht nur auf Bankenseite, sondern auch bei den Schuldnern die Implementierung eines Risikomanagementfrühsystems zur Pflichtaufgabe wird. Die dabei identifizierten Risiken müssen „gemanagt" werden. Dies kann beispielsweise im Bereich der operationellen Risiken über die Einführung eine...
Gregory Monahan Enterprise Risk Management. A Methodology for Achieving Strategic Objectives Gregory Monahan Enterprise Risk Management. A Methodology for Achieving Strategic Objectives Новинка

Gregory Monahan Enterprise Risk Management. A Methodology for Achieving Strategic Objectives

6045.85 руб. или Купить в рассрочку!
Written for enterprise risk management (ERM) practitioners who recognize ERM?s value to their organization, Enterprise Risk Management: A Methodology for Achieving Strategic Objectives thoroughly examines operational risk management and allows you to leverage ERM methodology in your organization by putting author and ERM authority Gregory Monahan's Strategic Objectives At Risk (SOAR) methodology to work. A must-read for anyone interested in risk management as a strategic, value-adding tool, this no-nonsense book shows you how to use ERM and SOAR to empower your company to go from stuck to competitive.
Bob Litterman Quantitative Risk Management. A Practical Guide to Financial Risk Bob Litterman Quantitative Risk Management. A Practical Guide to Financial Risk Новинка

Bob Litterman Quantitative Risk Management. A Practical Guide to Financial Risk

5982.87 руб. или Купить в рассрочку!
State of the art risk management techniques and practices—supplemented with interactive analytics All too often risk management books focus on risk measurement details without taking a broader view. Quantitative Risk Management delivers a synthesis of common sense management together with the cutting-edge tools of modern theory. This book presents a road map for tactical and strategic decision making designed to control risk and capitalize on opportunities. Most provocatively it challenges the conventional wisdom that «risk management» is or ever should be delegated to a separate department. Good managers have always known that managing risk is central to a financial firm and must be the responsibility of anyone who contributes to the profit of the firm. A guide to risk management for financial firms and managers in the post-crisis world, Quantitative Risk Management updates the techniques and tools used to measure and monitor risk. These are often mathematical and specialized, but the ideas are simple. The book starts with how we think about risk and uncertainty, then turns to a practical explanation of how risk is measured in today's complex financial markets. Covers everything from risk measures, probability, and regulatory issues to portfolio risk analytics and reporting Includes interactive graphs and computer code for portfolio risk and analytics Explains why tactical and strategic decisions must be made at every level of the firm and portfolio Providing the models, tools, and techniques firms need to build the best risk management practices, Quantitative Risk Management is an essential volume from an experienced manager and quantitative analyst.
Michael Kutz Chancen und Risiken des Basel II Ratings fur kleine und mittlere Unternehmen Michael Kutz Chancen und Risiken des Basel II Ratings fur kleine und mittlere Unternehmen Новинка

Michael Kutz Chancen und Risiken des Basel II Ratings fur kleine und mittlere Unternehmen

Studienarbeit aus dem Jahr 2004 im Fachbereich BWL - Bank, Börse, Versicherung, Note: 2,0, Duale Hochschule Baden-Württemberg, Stuttgart, früher: Berufsakademie Stuttgart, 29 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: Was sind die konkreten Risiken eines Ratings für KMU durch Basel II. Gibt es nicht vielleicht doch mehr Chancen als Risiken auf Grund von Basel II für den Mittelstand, wie es die Banken in ihren Broschüren beteuern. Dieser Fragestellung werde ich in dieser Studienarbeit nachgehen. Dazu werde ich im ersten Schritt kurz den Mittelstand und dessen Probleme in Deutschland analysiere. Im zweiten Schritt erkläre ich was genau Basel II bedeutet und was dahinter steckt soweit es der Rahmen dieser Studienarbeit zulässt. Als dritten Punkt werde ich den Rating Prozess kurz erläutern. Wenn diese Grundlagen geklärt sind werde ich im vierten und letzten Abschnitt auf den Kernpunkt dieser Studienarbeit eingehen. Die Chancen und Risiken für KMU auf Grund des Basel II Ratings.

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Operational risk assessment The Commercial Imperative of a More Forensic and Transparent Approach Brendon Young and Rodney Coleman “Brendon Young and Rodney Coleman's book is extremely timely. There has never been a greater need for the financial industry to reassess the way it looks at risk. […] They are right to draw attention to the current widespread practices of risk management, which […] have allowed risk to become underpriced across the entire industry.” Rt Hon John McFall MP, Chairman, House of Commons Treasury Committee Failure of the financial services sector to properly understand risk was clearly demonstrated by the recent 'credit crunch'. In its 2008 Global Stability Report, the IMF sharply criticised banks and other financial institutions for the failure of risk management systems, resulting in excessive risk-taking. Financial sector supervision and regulation was also criticised for lagging behind shifts in business models and rapid innovation. This book provides investors with a sound understanding of the approaches used to assess the standing of firms and determine their true potential (identifying probable losers and potential longer-term winners). It advocates a 'more forensic' approach towards operational risk management and promotes transparency, which is seen as a facilitator of competition and efficiency as well as being a barrier to fraud, corruption and financial crime. Risk assessment is an integral part of informed decision making, influencing strategic positioning and direction. It is fundamental to a company’s performance and a key differentiator between competing management teams. Increasing complexity is resulting in the need for more dynamic, responsive approaches to the assessment and management of risk. Not all risks can be quantified; however, it remains incumbent upon management to determine the impact of possible risk-events on financial statements and to indicate the level of variation in projected figures. To begin, the book looks at traditional methods of risk assessment and shows how these have developed into the approaches currently being used. It then goes on to consider the more advanced forensic techniques being developed, which will undoubtedly increase understanding. The authors identify 'best practice' and address issues such as the importance of corporate governance, culture and ethics. Insurance as a mitigant for operational risk is also considered. Quantitative and qualitative risk assessment methodologies covered include: Loss-data analysis; extreme value theory; causal analysis including Bayesian Belief Networks; control risk self-assessment and key indicators; scenario analysis; and dynamic financial analysis. Views of industry insiders, from organisations such as Standard & Poors, Fitch, Hermes, USS, UN-PRI, Deutsche Bank, and Alchemy Partners, are presented together with those from experts at the FSA, the International Accounting Standards Board (IASB), and the Financial Reporting Council. In addition to investors, this book will be of interest to actuaries, rating agencies, regulators and legislators, as well as to the directors and risk managers of financial institutions in both the private and public sectors. Students requiring a comprehensive knowledge of operational risk management will also find the book of considerable value.
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