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Author: Emmanuel Daugeras Publisher: Basedig ISBN: Category : Business & Economics Languages : en Pages :
Book Description
How did the Titanic end up hitting the iceberg ? Why did the first Boeing B17 bomber crash during its first demo flight in front the the US Army ? What's the secret of the oldest companies in the world ? Are government bonds really risk free assets ? Are there alternatives to the CAPM method to price risk and determine a proper remuneration ? This book answers these questions and provides an introduction to risk management for finance and corporate professionals. Risk is a pervasive part of our world: every endeavor, every aspect of life comes with a certain amount of risk. Although we all know that unpredicted events can happen any time, setbacks, and sometimes disasters catch us unprepared regularly. Every business endeavor is based on an implicit or explicit assumption of risk/reward ratio. In this sense, risk management is a part of every business decision that we make, consciously or not. It is, or should be, one of the core aspects on which a corporate strategy is defined. Risk management helps professionals to deal with uncertainty and the potentially negative outcomes of unforeseen events. The discipline calls upon concepts from mathematics, philosophy, anthropology, organizational behavior, engineering or biology to name a few. The book consists of several chapters: Understanding the very concepts of frequentist and bayesian probabilities Understanding the real nature of risk, and the differences between risk and volatility The standard Capital Asset Pricing Model for risk remuneration and the Value at Risk (VaR) Beyond the CAPM: how to find an alternative to the CAPM to price risk How to identify and quantify risk factors, and build a risk matrix (risk mapping) How to choose which risk factors to address first How to alleviate the impacts of risk factors: resilience, antifragility, redundancy, circuit breakers, system stability How Artificial Intelligence can help in risk management...or be a risk factor itself The book is the backbone of a risk management class that the author is giving at Skema Business School in Paris.
Author: Emmanuel Daugeras Publisher: Basedig ISBN: Category : Business & Economics Languages : en Pages :
Book Description
How did the Titanic end up hitting the iceberg ? Why did the first Boeing B17 bomber crash during its first demo flight in front the the US Army ? What's the secret of the oldest companies in the world ? Are government bonds really risk free assets ? Are there alternatives to the CAPM method to price risk and determine a proper remuneration ? This book answers these questions and provides an introduction to risk management for finance and corporate professionals. Risk is a pervasive part of our world: every endeavor, every aspect of life comes with a certain amount of risk. Although we all know that unpredicted events can happen any time, setbacks, and sometimes disasters catch us unprepared regularly. Every business endeavor is based on an implicit or explicit assumption of risk/reward ratio. In this sense, risk management is a part of every business decision that we make, consciously or not. It is, or should be, one of the core aspects on which a corporate strategy is defined. Risk management helps professionals to deal with uncertainty and the potentially negative outcomes of unforeseen events. The discipline calls upon concepts from mathematics, philosophy, anthropology, organizational behavior, engineering or biology to name a few. The book consists of several chapters: Understanding the very concepts of frequentist and bayesian probabilities Understanding the real nature of risk, and the differences between risk and volatility The standard Capital Asset Pricing Model for risk remuneration and the Value at Risk (VaR) Beyond the CAPM: how to find an alternative to the CAPM to price risk How to identify and quantify risk factors, and build a risk matrix (risk mapping) How to choose which risk factors to address first How to alleviate the impacts of risk factors: resilience, antifragility, redundancy, circuit breakers, system stability How Artificial Intelligence can help in risk management...or be a risk factor itself The book is the backbone of a risk management class that the author is giving at Skema Business School in Paris.
Author: GARP (Global Association of Risk Professionals) Publisher: John Wiley & Sons ISBN: 1119106397 Category : Business & Economics Languages : en Pages : 369
Book Description
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.
Author: Anthony Tarantino Publisher: John Wiley & Sons ISBN: 0470946350 Category : Business & Economics Languages : en Pages : 202
Book Description
A concise and and easy to follow introduction to financial risk management This basic survey text offers an accessible introduction to financial risk management, covered in its major components: credit, market, operational, liquidity, legal, and reputational, along with user-friendly processes and tools to conduct your own risk assessments and risk alignments. While there are some mathematical concepts included, these are kept at levels everyone will find easy to grasp. Provides a comprehensive overview of financial risk management, including credit, market, operational, liquidity, legal, and reputational risk areas Discusses the latest trends and next generation techniques emerging in financial risk management Provides risk assessment and risk alignment tools and examples This book offers a good basic understanding of the major areas of risk exposure that all organizations, both public and private, face in operating in today's complex global marketplace. It provides insights into best practices and next generation techniques for readers entering government, not-for-profit, business, and IT positions in which risk management will play an ever expanding role.
Author: Karen A. Horcher Publisher: John Wiley & Sons ISBN: 1118160975 Category : Business & Economics Languages : en Pages : 155
Book Description
A concise introduction to financial risk management strategies, policies, and techniques This ideal guide for business professionals focuses on strategic and management issues associated with financial risk. Essentials of Financial Risk Management identifies risk-mitigation policies and strategies; suggestions for determining an organization's risk tolerance; and sources of risk associated with currency exchange rates, interest rates, credit exposure, commodity prices, and other related events. Examples illustrate risk scenarios and offer tips on an array of management alternatives, including changes in the way business is conducted and hedging strategies involving derivatives.
Author: Philippe Jorion Publisher: John Wiley & Sons ISBN: 0470176563 Category : Business & Economics Languages : en Pages : 738
Book Description
An essential guide to financial risk management and the only way to get a great overview of the subjects covered in the GARP FRM Exam The Financial Risk Management Exam (FRM Exam) is given by the Global Association of Risk Professionals (GARP) annually in November for risk professionals who want to earn FRM(r) certification. The Financial Risk Manager Handbook, Fourth Edition is the definitive guide for those preparing to take the FRM Exam as well as a valued working reference for risk professionals. Written with the full support of GARP, and containing questions and solutions from previous exams, this book is a valuable resource for professionals responsible for or associated with financial risk management.
Author: Professional Risk Managers' International Association (PRMIA) Publisher: McGraw Hill Professional ISBN: 0071631623 Category : Business & Economics Languages : en Pages : 272
Book Description
This comprehensive reference brings together ten of the world's leading scholars and practitioners, who provide invaluable perspectives on all aspects of finance theory and how they are applied to the process of risk management. The book begins with an overview of risk and risk aversion, introducing utility functions and the mean-variance criterion. It then delivers a thorough introduction to portfolio mathematics, including discussion of the efficient frontier, portfolio theory, and portfolio diversification. Written to help you fortify your defenses against extreme, unanticipated outcomes, and to ensure that returns are an adequate reward for risks taken, The Professional Risk Managers' Guide to Finance Theory and Application covers key issues such as: The theory of capital allocation Capital structure, that is, debt versus equity financing The CAPM and multifactor models Interest rate models The term structure of interest rates No-arbitrage pricing of futures and forwards Risk-neutral valuation of options Offering a global view not found elsewhere, The Professional Risk Managers' Guide to Finance Theory and Application arms institutional investors, professional financial analysts and traders, auditors, corporate treasurers, regulators and actuaries with the practical tools to master any financial field.
Author: Daniel A. Rogers Publisher: John Wiley and Sons ISBN: 0470952369 Category : Business & Economics Languages : en Pages : 23
Book Description
This chapter first discusses financial risk management from a broad perspective, including possible definitions and examples of industry applications of financial hedging. The discussion then moves to a basic review of the theoretical rationales for managing (financial) risk and the related empirical findings. The potential for the interaction of financial hedging with other areas of risk management (such as operational and strategic) is then explored. Finally, there is a discussion regarding the lessons that can be applied to Enterprise Risk Management from the knowledge base about financial hedging.
Author: Richard A. Brealey Publisher: McGraw Hill Professional ISBN: 9780071383783 Category : Business & Economics Languages : en Pages : 498
Book Description
The features of this text include: the six lessons of market efficiency; patterns of corporate financing; stockholders' rights; convertible securities; duration and volatility of debt; hedging with futures; debt borrowing issues; and risk management, both domestic and international.
Author: Walter V. "Bud" Haslett, Jr. Publisher: John Wiley & Sons ISBN: 0470934115 Category : Business & Economics Languages : en Pages : 790
Book Description
Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by Outlining the evolution of risk management and how the discipline has adapted to address the future of managing risk Covering the full range of risk management issues, including firm, portfolio, and credit risk management Examining the various aspects of measuring risk and the practical aspects of managing risk Including key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today’s investment professionals.
Author: Emmanuel Daugeras
Author: Emmanuel Daugeras
Author: GARP (Global Association of Risk Professionals)
Author: Anthony Tarantino
Author: Karen A. Horcher
Author: Philippe Jorion
Author: Professional Risk Managers' International Association (PRMIA)
Author: Daniel A. Rogers
Author: Ernst & Young
Author: Richard A. Brealey
Author: Walter V. "Bud" Haslett, Jr.