Financial Risk Manager Handbook
4th Edition
Published on 29. June 2007
Book
Paperback/Softback
736 pages
978-0-470-12630-1 (ISBN)
Description
The essential reference for financial risk management
Risk professionals looking to earn the Financial Risk Management (FRM(r)) certification, corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up-to-date information on financial risk management.
Filled with in-depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Fourth Edition--which comes with an interactive CD-ROM containing hundreds of multiple choice questions from previous FRM exams--is one of the best ways to prepare for the Financial Risk Manager (FRM) exam.
Financial Risk Manager Handbook, Fourth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exam and prepares you to assess and control risk in today's rapidly changing financial world. Authored by renowned risk management expert Philippe Jorion--with the full support of GARP--this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as:
*
Quantitative methods
*
Capital markets
*
Credit, operational, market, and integrated risk management
*
Investment management and hedge fund risk
*
Relevant regulatory, legal, and accounting issues essential to risk professionals
The FRM is recognized as the world's most prestigious global certification program--created to measure a financial risk manager's capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Fourth Edition focuses on practical financial risk management techniques and solutions that are emphasized on the test--and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career.
Risk professionals looking to earn the Financial Risk Management (FRM(r)) certification, corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up-to-date information on financial risk management.
Filled with in-depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Fourth Edition--which comes with an interactive CD-ROM containing hundreds of multiple choice questions from previous FRM exams--is one of the best ways to prepare for the Financial Risk Manager (FRM) exam.
Financial Risk Manager Handbook, Fourth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exam and prepares you to assess and control risk in today's rapidly changing financial world. Authored by renowned risk management expert Philippe Jorion--with the full support of GARP--this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as:
*
Quantitative methods
*
Capital markets
*
Credit, operational, market, and integrated risk management
*
Investment management and hedge fund risk
*
Relevant regulatory, legal, and accounting issues essential to risk professionals
The FRM is recognized as the world's most prestigious global certification program--created to measure a financial risk manager's capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Fourth Edition focuses on practical financial risk management techniques and solutions that are emphasized on the test--and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career.
More details
Series
Edition
4., Auflage
Language
English
Place of publication
Chichester
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Edition type
Revised edition
Illustrations
Illustrations
Dimensions
Height: 27.6 cm
Width: 21.4 cm
Weight
1635 gr
ISBN-13
978-0-470-12630-1 (9780470126301)
Schweitzer Classification
Other editions
New editions
Philippe Jorion | GARP (Global Association of Risk Professionals)
Financial Risk Manager Handbook
Book
05/2009
5th Edition
Wiley
€155.00
Article exhausted; check for reprint
Previous edition
Philippe Jorion | GARP (Global Association of Risk Professionals)
Financial Risk Manager Handbook
Book
05/2005
3rd Edition
Wiley
€159.00
Article exhausted; check for reprint
Persons
Philippe Jorion is Professor of Finance at the Paul Merage School of Business at the University of California at Irvine. He holds an MBA and a PhD from the University of Chicago and a degree in engineering from the University of Brussels. Dr. Jorion has authored more than eighty publications--directed towards academics and practitioners--on the topic of risk management and international finance. He is on the editorial board of a number of financial journals and was editor of the Journal of Risk. He has won the Smith Breeden Prize for research, the William F. Sharpe Award for Scholarship in Financial Research, and the Graham and Dodd Scroll Award. He has written the first three editions of Financial Risk Manager Handbook (Wiley), as well as Financial Risk Management: Domestic and International Dimensions; Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County; and Value at Risk: The New Benchmark for Managing Financial Risk.
Content
Preface.
Introduction.
PART ONE: Quantitative Analysis.
Chapter 1: Bond Fundamentals.
Appendix: Applications of Infinite Series.
Chapter 2: Fundamentals of Probability.
Appendix: Review of Matrix Multiplication.
Chapter 3: Fundamentals of Statistics.
Chapter 4: Monte Carlo Methods.
PART TWO: Capital Markets.
Chapter 5: Introduction to Derivatives.
Chapter 6: Options.
Chapter 7: Fixed-Income Securities.
Chapter 8: Fixed-Income Derivatives.
Chapter 9: Equity, Currency, and Commodity Markets.
PART THREE: Market Risk Management.
CHAPTER 10: Introduction to Market Risk Measurement.
Appendix: Desirable Properties for Risk Measures.
CHAPTER 11: Sources of Market Risk.
Appendix: Simplification of the Covariance Matrix.
CHAPTER 12: Hedging Linear Risk.
CHAPTER 13: Nonlinear Risk: Options.
CHAPTER 14: Modeling Risk Factors.
CHAPTER 15: VAR Methods.
PART FOUR: Investment Risk Management.
CHAPTER 16: Portfolio Management.
CHAPTER 17: Hedge Fund Risk Management.
PART FIVE: Credit Risk Management.
CHAPTER 18: Introduction to Credit Risk.
CHAPTER 19: Measuring Actuarial Default Risk.
CHAPTER 20: Measuring Default Risk from Market Prices.
CHAPTER 21: Credit Exposure.
CHAPTER 22: Credit Derivatives and Structured Products.
CHAPTER 23: Managing Credit Risk.
PART SIX: Operational and Integrated Risk Management.
CHAPTER 24: Operational Risk.
Appendix: Causal Networks.
CHAPTER 25: Risk Capital and RAROC.
CHAPTER 26: Firm-Wide Risk Management.
PART SEVEN: Legal, Accounting, and Tax Risk Management.
CHAPTER 27: Legal Issues.
CHAPTER 28: Accounting and Tax Issues.
PART EIGHT: Regulation and Compliance.
CHAPTER 29: Regulation of Financial Institutions.
CHAPTER 30: The Basel Accord.
CHAPTER 31: The Basel Market Risk Charge.
About the CD-ROM.
Index.
Introduction.
PART ONE: Quantitative Analysis.
Chapter 1: Bond Fundamentals.
Appendix: Applications of Infinite Series.
Chapter 2: Fundamentals of Probability.
Appendix: Review of Matrix Multiplication.
Chapter 3: Fundamentals of Statistics.
Chapter 4: Monte Carlo Methods.
PART TWO: Capital Markets.
Chapter 5: Introduction to Derivatives.
Chapter 6: Options.
Chapter 7: Fixed-Income Securities.
Chapter 8: Fixed-Income Derivatives.
Chapter 9: Equity, Currency, and Commodity Markets.
PART THREE: Market Risk Management.
CHAPTER 10: Introduction to Market Risk Measurement.
Appendix: Desirable Properties for Risk Measures.
CHAPTER 11: Sources of Market Risk.
Appendix: Simplification of the Covariance Matrix.
CHAPTER 12: Hedging Linear Risk.
CHAPTER 13: Nonlinear Risk: Options.
CHAPTER 14: Modeling Risk Factors.
CHAPTER 15: VAR Methods.
PART FOUR: Investment Risk Management.
CHAPTER 16: Portfolio Management.
CHAPTER 17: Hedge Fund Risk Management.
PART FIVE: Credit Risk Management.
CHAPTER 18: Introduction to Credit Risk.
CHAPTER 19: Measuring Actuarial Default Risk.
CHAPTER 20: Measuring Default Risk from Market Prices.
CHAPTER 21: Credit Exposure.
CHAPTER 22: Credit Derivatives and Structured Products.
CHAPTER 23: Managing Credit Risk.
PART SIX: Operational and Integrated Risk Management.
CHAPTER 24: Operational Risk.
Appendix: Causal Networks.
CHAPTER 25: Risk Capital and RAROC.
CHAPTER 26: Firm-Wide Risk Management.
PART SEVEN: Legal, Accounting, and Tax Risk Management.
CHAPTER 27: Legal Issues.
CHAPTER 28: Accounting and Tax Issues.
PART EIGHT: Regulation and Compliance.
CHAPTER 29: Regulation of Financial Institutions.
CHAPTER 30: The Basel Accord.
CHAPTER 31: The Basel Market Risk Charge.
About the CD-ROM.
Index.