Financial Risk Management

From Metrics to Human Conduct

Inbunden, Engelska, 2024

Av Frantz Maurer, France) Maurer, Frantz (KEDGE Business School

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Protect your organization against financial misconduct In Financial Risk Management: From Metrics to Human Conduct, Frantz Maurer delivers a thorough and practical review of the core methods used by professionals in the real world to reduce the risk of financial misconduct. Starting with the key points of banking regulation, the author then describes in simple terms the most extensively used risk metrics in the banking industry. Readers can fully grasp and implement the techniques discussed within without a strong background in probabilities or statistics. The last part of the book focuses on conduct risk markers and show how to implement a conduct risk index that benchmarks the conduct of natural risk-takers like traders. The author describes how to marry this simple approach to financial risk with a conduct risk index that benchmarks the conduct of natural risk-takers, like traders. Readers will also find: Step-by-step guidance on how to apply common risk indicators to real-world situationsActionable advice for improving the resilience of financial institutions against individual misconduct and misbehaviorA holistic and non-quantitative approach to a subject of critical importance, Financial Risk Management: From Metrics to Human Conduct will earn a place in the libraries of risk managers, compliance professionals, and master's level students in business administration and finance.

Produktinformation

Utgivningsdatum2024-01-25
Mått155 x 231 x 25 mm
Vikt386 g
FormatInbunden
SpråkEngelska
SerieWiley Finance Series
Antal sidor224
FörlagJohn Wiley & Sons Inc
ISBN9781119885290

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Foreword ixAcknowledgements xiList of Acronyms and Symbols xiiiIntroduction xviiPart One Navigating Banking RegulationChapter 1 A Brief History of the Basel Framework 3Chapter 2 The Basel I Regulatory Framework and the Cooke Ratio 7Chapter 3 Amendment to the Basel I Framework to Incorporate Market Risks 15Chapter 4 Implementation of the Basel II Framework 21Chapter 5 A Guided Tour of the Basel III Framework 29Chapter 6 Climate- Related Financial Risks 41Part Two The Financial Risk Measurement LandscapeChapter 7 Historical Approach to Risk 47Chapter 8 The Gaussian Framework 61Chapter 9 A Brief Overview of Monte Carlo Simulation 75Chapter 10 Risk Contribution 79Chapter 11 Shortcomings of Risk Metrics 93Chapter 12 Ex- Post Evaluation of a Risk Model: Backtesting 103Chapter 13 A Forward- Looking Evaluation of Risk: Stress Testing 109Part Three Getting Conduct Risk to ScaleChapter 14 The Big Picture of Conduct Risk 119Chapter 15 Markers of Conduct Risk 123Chapter 16 Worked Example 7: Building a Conduct Risk Score 127Chapter 17 Fostering a Culture of Appropriate Conduct Outcomes 137Chapter 18 Worked Example 8: Calculating a Risk-Taker’s Conduct Risk Index 143Chapter 19 Hot Questions Still Pending 159Chapter 20 Understanding the Root Causes of Poor Conduct 163Appendix 173References 181Contents 183List of Figures 187List of Tables 189Index 191