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Plight of the fortune tellers: why we need to manage financial risk differently
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ISBN: 9780691133614 Year: 2007 Publisher: Princeton, N.J. Princeton University Press

Understanding market, credit, and operational risk: the value at risk approach
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ISBN: 0631227091 Year: 2004 Publisher: Oxford Blackwell


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Risk management in banking
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ISBN: 9780470019139 9780470019122 0470019123 0470019131 Year: 2010 Publisher: Chichester: Wiley,


Book
Stress-testing the banking system : methodologies and applications
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ISBN: 9780521767309 9780511635618 9780511635168 0511635168 052176730X 0511635613 0511699646 1107209072 1282336738 9786612336737 0511633025 0511631812 0511634722 0511634234 Year: 2009 Publisher: Cambridge ; New York : Cambridge University Press,

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Abstract

Stress tests are used in risk management by banks in order to determine how certain crisis scenarios would affect the value of their portfolios, and by public authorities for financial stability purposes. Until the first half of 2007, interest in stress-testing was largely restricted to practitioners. Since then, the global financial system has been hit by deep turbulences, including the fallout from sub-prime mortgage lending. Many observers have pointed out that the severity of the crisis has been largely due to its unexpected nature and have claimed that a more extensive use of stress-testing methodologies would have helped to alleviate the repercussions of the crisis. This book analyses the theoretical underpinnings, as well as the practical aspects, of applying such methodologies. Building on the experience gained by the economists of many national and international financial authorities, it provides an updated toolkit for both practitioners and academics.


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Risk management and financial institutions
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ISBN: 9781118269039 9781118282915 1118282914 9781118286388 1118286383 1118269039 1283927764 9781283927765 Year: 2012 Publisher: Hoboken: Wiley,

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The essential guide to managing financial institution risk, fully revised and updated The dangers inherent in the financial system make understanding risk management essential for anyone working in, or planning to work in, the financial sector. A practical resource for financial professionals and students alike, Risk Management and Financial Institutions, Third Edition explains all aspects of financial risk as well as the way financial institutions are regulated, to help readers better understand financial markets and potential dangers. Fully revised and updated, this new

Measuring and managing credit risk
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ISBN: 0071417559 9780071417556 Year: 2004 Publisher: New York: McGraw-Hill,

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Capital adequacy beyond Basel : banking, securities, and insurance
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ISBN: 9780195169713 0195169719 0199783713 1280560398 9786610560394 0198037945 1423722175 0199883521 9780198037941 Year: 2005 Publisher: New York, N.Y. : Oxford University Press,

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This book is timely since the Basel Committee on Banking Supervision at the Bank for International Settlements is in the process of making major changes in the capital rules for banks. It is important that capital adequacy regulation helps to achieve financial stability in the most efficient way. Capital adequacy rules have become a key tool to protect financial institutions. The research contained within the book covers some key issues at stake in the capital requirements for insurance and securities firms. The contributors are among the leading scholars in financial economics and law. Their contributions analyze the use of subordinated debt, internal models, and rating agencies in addition to examining the effect on capital of reinsurance, securitization, credit derivatives, and similar instruments.

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