{"product_id":"9780071736886","title":"The Fundamentals of Risk Measurement","description":"\u003cp\u003e\u003cb\u003eA step-by-step guidebook for understanding—and implementing—integrated financial risk measurement and management\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e\u003ci\u003eThe Fundamentals of Risk Measurement \u003c\/i\u003eintroduces the state-of-the-art tools and practices necessary for planning, executing, and maintaining risk management in today’s volatile financial environment. This comprehensive book provides description and analysis of topics including:\u003c\/p\u003e  \u003cul\u003e \u003cli\u003eEconomic capital\u003c\/li\u003e  \u003cli\u003eRisk adjusted return on capital (RAROC)\u003c\/li\u003e  \u003cli\u003eShareholder Value Added (SVA)\u003c\/li\u003e  \u003cli\u003eValue at Risk (VaR)\u003c\/li\u003e  \u003cli\u003eAsset\/liability management (ALM)\u003c\/li\u003e  \u003cli\u003eCredit risk for a single facility\u003c\/li\u003e  \u003cli\u003eCredit risk for portfolios\u003c\/li\u003e  \u003cli\u003eOperating risk\u003c\/li\u003e  \u003cli\u003eInter-risk diversification\u003c\/li\u003e  \u003cli\u003eThe Basel Committee Capital Accords\u003c\/li\u003e  \u003c\/ul\u003e  \u003cp\u003eThe banking world is driven by risk. \u003ci\u003eThe Fundamentals of Risk Measurement \u003c\/i\u003eshows you how to quantify that risk, outlining an integrated framework for risk measurement and management that is straightforward, practical for implementation, and based on the realities of today’s tumultuous global marketplace.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e“Banks make money in one of two ways: providing services to customers and taking risks. In this book, we address the business of making money by taking risk.…”—From the Introduction\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003eIn \u003ci\u003eThe Fundamentals of Risk Measurement,\u003cb\u003e \u003c\/b\u003e\u003c\/i\u003efinancial industry veteran Chris Marrison examines what banks must do to succeed in the business of making money by taking risk. Encompassing the three primary areas of banking risk—market, credit, and operational—and doing so in a uniquely intuitive, step-by-step format, Marrison provides hands-on details on the primary tools for financial risk measurement and management, including:\u003c\/p\u003e  \u003cul\u003e \u003cli\u003ePlain-English evaluation of specific risk measurement tools and techniques\u003c\/li\u003e  \u003cli\u003eUse of Value at Risk (VaR) for assessment of market risk for trading operations\u003c\/li\u003e  \u003cli\u003eAsset\/liability management (ALM) techniques, transfer pricing, and managing market and liquidity risk\u003c\/li\u003e  \u003cli\u003eThe many available methods for analyzing portfolios of credit risks\u003c\/li\u003e  \u003cli\u003eUsing RAROC to compare the risk-adjusted profitability of businesses and price transactions\u003c\/li\u003e  \u003c\/ul\u003e  \u003cp\u003eIn addition, woven throughout \u003ci\u003eThe Fundamentals of Risk Measurement \u003c\/i\u003eare principles underlying the regulatory capital requirements of the Basel Committee on Banking Supervision, and what banks must do to understand and implement them. The requirements are defined, implications of the New Capital Accord are presented, and the major steps that a bank must take to implement the New Accord are discussed. The resulting thumbnail sketch of the Basel Committee, and specifically the New Capital Accord, is valuable as both a ready reference and a foundation for further study of this important initiative.\u003c\/p\u003e  \u003cp\u003eRisk is unavoidable in the financial industry. It can, however, be measured and managed to provide the greatest risk-adjusted return, and limit the negative impacts of risk to a bank’s shareholders as well as potential borrowers and lenders. \u003ci\u003eThe Fundamentals of Risk Management \u003c\/i\u003eprovides risk managers with an approach to risk-taking that is both informed and prudent, one that shows operations managers how to control risk exposures as it allows decision-making executives to direct resources to opportunities that are expected to create maximum return with minimum risk. The result is today’s most complete introduction to the business of risk, and a valuable reference for anyone from the floor trader to the officer in charge of overseeing the entire risk management operation.\u003c\/p\u003e","brand":"McGraw Hill LLC","offers":[{"title":"Default Title","offer_id":47105738080496,"sku":"9780071736886","price":49.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780071736886_p0.jpg?v=1763635633","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780071736886","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}