Value added risk management

David P. Belmont - Collection Wiley Finance

322 pages, parution le 06/04/2004

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Résumé

The typical financial executive s view of the value of risk management in their financial institution is based on the belief that risk management focuses on loss avoidance. This view is based on the history of risk management being control focused. However, risk management has evolved rapidly to address the more strategic issue of optimization of return on risk. This evolution has been accompanied by statistical, mathematical and financial techniques which when actively applied can direct an institution towards risk taking those activities, which produce disproportionately high returns on risk. The book aims to describe these techniques, illustrate their application, and discuss their strategic value in the management of financial institutions.

Sommaire

Risk Management and Value Creation
A Rebuttal of the Risk Mangement Irrelevance Proposition
Who Should Care and Why?
Optimizing Return, Risk, and Value
Determining Capital Allocations
Determining the Cost of Capital
Linking Capital to Value - Capital Structuring
Linking Risk to Return and Value - Setting Economic Capital Budgets and Strategies
Impact of Basel II - Installing and Using IT Systems to Measure Regulatory and Economic Risk
Frameworks for Economic Profit and RAROC: Case Studies and Common Errors

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	David P. Belmont
Collection	Wiley Finance
Parution	06/04/2004
Nb. de pages	322
Format	16 x 23,5
Couverture	Relié
Poids	620g
Intérieur	Noir et Blanc
EAN13	9780470821152
ISBN13	978-0-470-82115-2