Management - Risk Management in Financial Services Organizations
This site compiles links to articles and other pieces of information
about the specific issues of risk management in financial services
organizations. Banks, insurance companies and similar providers of
financial services have to manage very specific risks. One of them is
credit risk, for which we have compiled some interesting links.
Presents some high level observations on proactive market risk
management and asset-liability management (ALM) at capital
markets entities, banks, and insurance companies; article by
Lang Gibson
Trading strategies for equity derivatives are adapting to the
integration of European markets, the long equity bull run and
fears about the millennium bug. Lisa Cooper investigates
This document consists of specific agreed principles that
supervisory authorities will consider in evaluating banks'
management of interest rate risk. Basel Committee Publications
No. 29 (September 1997). Pdf-file 174 KB
This paper outlines principles for banking, securities and
insurance supervisors for ensuring through the regulatory and
supervisory process, the prudent management and control of (1)
risk concentrations (RCs) and (2) intra-group transactions and
exposures (ITEs).
This paper develops a high-level risk management framework for
evaluating the risk modeling and evaluation process in a
financial enterprise that markets several heterogeneous products
lines.
Best Practice By Risk Type. Aim of the paper is to achieve a
common risk language for the various stakeholders in financial
conglomerates, each having their specific background. Pdf-file
2003
There is strong evidence that the interest rates charged by
banks on the flow of newly extended Commercial & Industrial
(C&I) loans predict future loan performance and CAMEL rating
downgrades by bank supervisors. Pdf-file 2003
The potential for portfolio diversification is driven broadly by two
characteristics: the degree to which systematic risk factors are
correlated with each other and the degree of dependence individual
firms have to the different types of risk factors. Pdf-file. 2005
Why should risk management systems account for parameter
uncertainty? In order to answer this question, this paper lets an
investor in a credit portfolio face non-diversifiable
estimation-driven uncertainty about two parameters: probability of
default and asset-return correlation.
Despite great strides forward in credit risk management, many
underlying issues are still not well understood – difficulties that
are being thrown into sharper relief by discussions about the
proposed new Basel Accord. Jörg Behrens explains.
The Fundamentals of Risk Measurement
by Christopher Marrison
The Fundamentals of Risk Measurement introduces the state-of-the-art
tools and practices necessary for planning, executing, and maintaining
risk management in today’s volatile financial environment.
Risk Management
by Michel Crouhy, Robert Mark, Dan Galai
Managing Risk provides a comprehensive description and analysis of
modern risk management, including the regulatory aspects, organizational
issues, potential problem areas, and tools to control and manage the
many different kinds of risks: market risk, credit risk, and operational
risk. It also discusses: structuring and managing the risk management
function in a firm; practical measurement issues in the field; risk
management in both financial and non-financial institutions.
Financial Risk Management: A Practitioner's Guide to Managing Market and Credit Risk (with CD-ROM)
by Steve L. Allen
This complete guide covers the strategies, principles, and measurement
techniques necessary to measure and manage financial risk. With a focus
on management perspective, this book explores real-world issues such as
model validation, risk measurement, valuation methodologies, and much
more. Self-contained Excel spreadsheets are included on the companion
CD-ROM.
The Essentials of Risk Management
by Michel Crouhy, Dan Galai, Robert Mark
The Essentials of Risk Management is the first book to make even the most
sophisticated risk management approaches simultaneously accessible to
both risk and non risk professionals.
