{"product_id":"financial-risk-management-isbn-9781119885290","title":"Financial Risk Management","description":"\u003cp\u003e\u003cb\u003eProtect your organization against financial misconduct\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eFinancial Risk Management: From Metrics to Human Conduct,\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eThe 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. \u003c\/p\u003e\u003cp\u003eReaders will also find: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eStep-by-step guidance on how to apply common risk indicators to real-world situations\u003c\/li\u003e \u003cli\u003eActionable advice for improving the resilience of financial institutions against individual misconduct and misbehavior\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eA holistic and non-quantitative approach to a subject of critical importance, \u003ci\u003eFinancial Risk Management: From Metrics to Human Conduct\u003c\/i\u003e will earn a place in the libraries of risk managers, compliance professionals, and master's level students in business administration and finance. \u003c\/p\u003e\u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003eAcknowledgements xi\u003c\/p\u003e \u003cp\u003eList of Acronyms and Symbols xiii\u003c\/p\u003e \u003cp\u003eIntroduction xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Navigating Banking Regulation\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 A Brief History of the Basel Framework 3\u003c\/p\u003e \u003cp\u003eChapter 2 The Basel I Regulatory Framework and the Cooke Ratio 7\u003c\/p\u003e \u003cp\u003eChapter 3 Amendment to the Basel I Framework to Incorporate Market Risks 15\u003c\/p\u003e \u003cp\u003eChapter 4 Implementation of the Basel II Framework 21\u003c\/p\u003e \u003cp\u003eChapter 5 A Guided Tour of the Basel III Framework 29\u003c\/p\u003e \u003cp\u003eChapter 6 Climate- Related Financial Risks 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two The Financial Risk Measurement Landscape\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 Historical Approach to Risk 47\u003c\/p\u003e \u003cp\u003eChapter 8 The Gaussian Framework 61\u003c\/p\u003e \u003cp\u003eChapter 9 A Brief Overview of Monte Carlo Simulation 75\u003c\/p\u003e \u003cp\u003eChapter 10 Risk Contribution 79\u003c\/p\u003e \u003cp\u003eChapter 11 Shortcomings of Risk Metrics 93\u003c\/p\u003e \u003cp\u003eChapter 12 Ex- Post Evaluation of a Risk Model: Backtesting 103\u003c\/p\u003e \u003cp\u003eChapter 13 A Forward- Looking Evaluation of Risk: Stress Testing 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Getting Conduct Risk to Scale\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 14 The Big Picture of Conduct Risk 119\u003c\/p\u003e \u003cp\u003eChapter 15 Markers of Conduct Risk 123\u003c\/p\u003e \u003cp\u003eChapter 16 Worked Example 7: Building a Conduct Risk Score 127\u003c\/p\u003e \u003cp\u003eChapter 17 Fostering a Culture of Appropriate Conduct Outcomes 137\u003c\/p\u003e \u003cp\u003eChapter 18 Worked Example 8: Calculating a Risk-Taker’s Conduct Risk Index 143\u003c\/p\u003e \u003cp\u003eChapter 19 Hot Questions Still Pending 159\u003c\/p\u003e \u003cp\u003eChapter 20 Understanding the Root Causes of Poor Conduct 163\u003c\/p\u003e \u003cp\u003eAppendix 173\u003c\/p\u003e \u003cp\u003eReferences 181\u003c\/p\u003e \u003cp\u003eContents 183\u003c\/p\u003e \u003cp\u003eList of Figures 187\u003c\/p\u003e \u003cp\u003eList of Tables 189\u003c\/p\u003e \u003cp\u003eIndex 191\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eFRANTZ MAURER\u003c\/b\u003e is a Professor of Finance and the head of the accounting, finance and economics department at KEDGE Business School. He has also taught at HEC Paris, the University of Bordeaux, ESCP Business School, and University Paris Saclay.   \u003c\/p\u003e\u003cp\u003eSince 2009, European and North American banks have paid out approximately $394 billion in penalties and fines for compliance violations. Many of these losses came as the result of misconduct by banking officials at all levels of the organizations involved. \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eFinancial Risk Management: From Metrics to Human Conduct\u003c\/i\u003e, Frantz Maurer delivers an incisive and practical guide to the deployment of an effective risk management approach that addresses both financial risk and the risk of misconduct by the people in your firm. \u003c\/p\u003e\u003cp\u003eWith a strong focus on the core methods actually used by compliance and risk professionals in the real world, this book explores methods like Value-at-Risk and Expected Shortfall to explain how you can address the most relevant and significant financial risks facing your company today.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eFinancial Risk Management\u003c\/i\u003e employs a pragmatic and non-quantitative approach to the subject, allowing you to understand key risk measurement and management strategies without the need for complex mathematics. It also describes methods you can implement immediately to catch the early-warning signals of employee misconduct that could give rise to catastrophic losses and penalties. \u003c\/p\u003e\u003cp\u003ePerfect for master’s level students in business administration and finance, this book will also benefit risk managers, compliance officers and personnel, and other practitioners operating within financial institutions.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003csmall\u003ePRAISE FOR\u003c\/small\u003e\u003cbr\u003e FINANCIAL RISK MANAGEMENT\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Frantz reviews Risk Management in the light of a number of recent events where ‘behavior risk’ was much more costly for the financial institution than any type of model misspecification. An intelligent book offering a new and necessary avenue to think about financial risks.”\u003cbr\u003e \u003cb\u003e—Helyette Geman, Department of Applied Mathematics, Johns Hopkins University\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e“Frantz experience and views on conduct are really refreshing. The book provides a good mix of lessons learned from real life examples and robust approaches to deal effectively with one of the bigggest challenges in financial services: ensuring that people  behave and conduct themselves appropriately by finding the right balance between personal, clients and firm interests.”\u003cbr\u003e \u003cb\u003e—Pierre Pourquery, Partner at EY, UK Head of Capital Markets, European lead of the digital assets solution for Banking Capital Markets\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“A book every aspiring manager and risk taker in bank should have read and re-read.”\u003cbr\u003e \u003cb\u003e—Pascal Quiry, active investor and BNP Paribas professor of finance, HEC Paris\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989212020965,"sku":"NP9781119885290","price":50.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119885290.jpg?v=1761783227","url":"https:\/\/k12savings.com\/products\/financial-risk-management-isbn-9781119885290","provider":"K12savings","version":"1.0","type":"link"}