Risk management at the top : a guide to risk and its governance in financial institutions / Mark Laycock.

Format:

Book

Author/Creator:

Laycock, Mark, 1959-

Series:

Wiley finance series.

Wiley Finance

Language:

English

Subjects (All):

Financial institutions--Management.

Financial institutions.

Banks and banking--Risk management.

Banks and banking.

Corporate governance.

Risk management.

Physical Description:

1 online resource (337 p.)

Edition:

1st ed.

Place of Publication:

Chichester, England : Wiley, 2014.

Language Note:

English

Summary:

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

Contents:

Risk Management at the Top; Contents; About the Author; 1 Introduction; 1.1 Introduction; 1.2 Boards; 1.3 Why Now?; 1.3.1 Governance Expectations; 1.3.2 Technical Changes; 1.4 Rest of the Book; Further Reading; PART I RISK OVERSIGHT; 2 Risk - An Overview; 2.1 Terminology; 2.1.1 Definition of Risk; 2.1.2 Risk; 2.1.3 Uncertainty; 2.1.4 Precautionary Principle; 2.2 Role of Banks and Risk; 2.2.1 In the Beginning; 2.2.2 Where are We Now?; 2.3 Sources of Risk and Uncertainty; 2.3.1 External Sources of Risk and Uncertainty; 2.3.2 Internal Sources of Risk and Uncertainty; 2.3.3 Systemic Risk

2.4 Capital 2.4.1 Confidence Interval; 2.4.2 Book Capital; 2.4.3 Economic Capital; 2.4.4 Regulatory Capital; 2.5 Issues to Consider; Further Reading; 3 Risk Oversight; 3.1 Introduction; 3.2 Perspective; 3.2.1 Bottom; 3.2.2 Top; 3.2.3 Middle; 3.3 Models; 3.4 Risk Framework; 3.4.1 Three Lines of Defence; 3.4.2 Risk Owners; 3.4.3 Corporate Risk Management Functions; 3.4.4 Chief Risk Officer; 3.4.5 Policies, Standards and Procedures; 3.5 Biases; 3.6 Issues to Consider; Further Reading; 4 Risk Management; 4.1 Introduction; 4.1.1 Definition of Risk Management; 4.2 Terminology and Components

4.2.1 Cause and Effect 4.2.2 Exposure and Event; 4.2.3 Effects and Consequences; 4.3 Risk Management Cycle; 4.3.1 Identify the Risk; 4.3.2 Assess the Risk; 4.3.3 Evaluate the Risk; 4.3.4 Manage the Risk; 4.3.5 Monitor and Review the Risk; 4.3.6 Escalation and Reporting; 4.4 Issues to Consider; Further Reading; 5 Risk Appetite; 5.1 Introduction; 5.2 Terminology and Concept; 5.3 Stakeholders; 5.4 Expressions of Risk Appetite; 5.4.1 Board-level Risk Appetite Considerations; 5.4.2 Cascading Risk Appetite Down the Firm; 5.4.3 Dynamic Aspects of Risk Appetite; 5.5 Framework; 5.6 Risk Reporting

5.7 Issues to Consider Further Reading; 6 Risk Culture; 6.1 Introduction; 6.2 Terminology; 6.2.1 Definitions and Descriptions of Risk Culture; 6.2.2 Expressions of Risk Culture; 6.2.3 The Individual; 6.2.4 Groups and Teams; 6.3 Assessing and Influencing Risk Culture; 6.3.1 Assessing Risk Culture; 6.3.2 Influencing Risk Culture; 6.4 Monitoring Risk Culture; 6.5 Issues to Consider; Further Reading; PART II SPECIFIC RISKS; 7 Credit Risk; 7.1 Introduction; 7.2 Definition of Credit Risk; 7.3 Framework; 7.4 Risk Appetite Metrics; 7.4.1 Simplest Metrics - Credit Exposure

7.4.2 Intermediate Metrics - Probability of Default 7.4.3 Complex Metrics - Loss Given Default; 7.4.4 Economic Capital; 7.5 Credit Risk Management; 7.5.1 When Things are Running Smoothly; 7.5.2 When Things are Not Running Smoothly; 7.5.3 Reducing Credit Risk; 7.6 Issues to Consider; Further Reading; 8 Market Risk; 8.1 Introduction; 8.2 Definition of Market Risk; 8.3 Market Risk Framework; 8.3.1 Roles in the Framework; 8.3.2 Risk Appetite and Economic Capital; 8.4 Market Risk Estimation; 8.4.1 Simplest Metrics - Exposures and Stop-Loss; 8.4.2 Intermediate Metrics - Risk Factors

8.4.3 Complex Metrics - Portfolio Simulation

Notes:

Includes index.

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

9781118497456

1118497457

9781118497449

1118497449

9781118497432

1118497430

OCLC:

861120205