The Essentials of Risk Management The Definitive Guide for the Non-risk Professional

by Crouhy, Michel; Galai, Dan; Mark, Robert

• ISBN13: 9780071429665
• ISBN10: 0071429662
• Edition: 1st
• Format: Hardcover
• Copyright: 12/14/2005
• Publisher: McGraw-Hill

Summary

Vital information from the bestselling Risk Management is made accessible to a wider professional audience For ease of readability, complicated mathematical equations are located in appendixes instead of chapter text The authors are prize-winning researchers and practitioners; each is a prominent and influential figure in the international risk management field

Author Biography

Michel Crouhy, Ph.D. (Philadelphia, PA) is a senior vice president with Canadian Imperial Bank of Commerce.

Dan Galai, Ph.D. (Jerusalem, Israel) is the Abe Gray Professor of Finance and Business Administration at Hebrew University and CEO of Sigma-PCM.

Robert Mark, Ph.D. (Lafayette, CA) is the CEO of risk consulting firm Black Diamond.

Table of Contents

Foreword, by Anthony Orsatelli	vii
Prologue	ix
Chapter 1 Risk Management—A Helicopter View	1	(36)
Appendix to Chapter 1: Typology of Risk Exposures	25	(12)
Chapter 2 Corporate Risk Management—A Primer	37	(18)
Chapter 3 Banks and Their Regulators—The Research Lab for Risk Management?	55	(28)
Chapter 4 Corporate Governance and Risk Management	83	(26)
Chapter 5 A User-Friendly Guide to the Theory of Risk and Return	109	(16)
Chapter 6 Interest-Rate Risk and Hedging with Derivative Instruments	125	(24)
Chapter 7 From Value at Risk to Stress Testing	149	(32)
Chapter 8 Asset-Liability Management	181	(26)
Chapter 9 Credit Scoring and Retail Credit Risk Management	207	(24)
Chapter 10 Commercial Credit Risk and the Rating of Individual Credits	231	(26)
Chapter 11 New Approaches to Measuring Credit Risk	257	(34)
Chapter 12 New Ways to Transfer Credit Risk—And Their Implications	291	(34)
Chapter 13 Operational Risk	325	(22)
Chapter 14 Model Risk	347	(16)
Chapter 15 Risk Capital Attribution and Risk-Adjusted Performance Measurement	363	(24)
Epilogue Trends in Risk Management	387	(12)
Index	399