The essentials of risk management / Michel Crouhy, Dan Galai, Robert Mark.

Format:

Book

Author/Creator:

Crouhy, Michel, 1944- author.

Galai, Dan, author.

Mark, Robert (Robert M.), author.

Language:

English

Subjects (All):

Risk management.

Physical Description:

1 online resource (xxvii, 609 p.) : ill.

Edition:

Third edition.

Place of Publication:

New York : McGraw-Hill Education, 2023.

Summary:

The “bible” of risk management - fully updated for an investing landscape dramatically altered by social and technological upheavals. When it was first published in 2005, The Essentials of Risk Management became an instant classic in risk management. Now, the authors provide a comprehensively updated and revised edition to help you succeed in a world rocked by unprecedented changes. Combining academic research with real-world applications, this bestselling guide provides the expert insights that has made it so popular for so many years, covering the most effective ways to measure and transfer credit risk, increase risk-management transparency, and implement an organization-wide enterprise risk management approach. In addition, it covers a wide range of new issues, including: Fallout from the COVID pandemic; New emerging risks associated with digital finance; The effect of climate change on risk management; Game-changing new technologies like machine learning, artificial intelligence, and distributed ledger technology. The definitive resource for quantifying risk versus return, The Essentials of Risk Management delivers everything you need to safeguard your investments in today’s economy.

Contents:

Intro

Cover

Title Page

Copyright Page

Contents

Acronyms

Foreword

Introduction to the Second Edition

Introduction to the Third Edition

1 Risk Management: A Helicopter View

Appendix to Chapter 1: Typology of Risk Exposures

2 Corporate Risk Management for Nonfinancial Companies and Start-Ups

3 Banks and Their Regulators: The Post-Crisis Regulatory Framework

4 Corporate Governance and Risk Management

5 Fintech and Its Impact on Financial Intermediation and Risk Management

6 Interest Rate Risk and Hedging with Derivative Instruments

7 Measuring Market Risk: Value-at-Risk, Expected Shortfall, and Similar Metrics

8 Asset/Liability Management and Liquidity Risk

Appendix to Chapter 8: The LIBOR Transition

9 Credit Scoring and Retail Credit Risk Management

10 Commercial Credit Risk and the Rating of Individual Credits

Appendix to Chapter 10: Definition of Key Financial Ratios

11 Quantitative Approaches to Credit Portfolio Risk and Credit Modeling

12 The Credit Transfer Markets, and Their Implications

13 Counterparty Credit Risk: CVA, DVA, FVA, CECL, and IFRS 9

14 Operational Risk

15 Model Risk

16 Stress Testing and Scenario Analysis

17 Risk Capital Attribution and Risk-Adjusted Performance Measurement

Afterword

Index.

Notes:

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

Description based upon print version of record.

ISBN:

9781264258871 (ebook)

9781264258864 (hbk.)

9781264258871

1264258879

OCLC:

1388498055