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Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk manage…
Get fully updated, step-by-step guidance for implementation of COSO's Enterprise Risk Management Companies today are expected to manage a variety of risks that would have been unthinkable a decade ago. Discussing the latest trends and pronouncements that have affected COSO ERM (Committee of Sponsoring Organizations Enterprise Risk Management) and your company’s ERM program, COSO Enterprise…
In recent years, risk management has been defined as merely eliminating or reducing risk exposure. Companies are learning today that is far to naroow and constaring a definition. Risk, exploited judiciously, is absolutely central to business success. In this book, author covers both sides of the risk equation, offering a complete framework for maximizing profit by 'limiting' some risk and 'expl…
The Bank for International Settlements is only 1-2 years away from effectively requiring all major financial institutions in the world to use a sophisticated credit models. The most widely used model is based on the 1974 Merton model of risky debt. A more recent extension of the Merton model of risky debt is the Shimko, Tejima and van Deventer (1993) model, which allows for simultaneous analysi…
With the growing concern about personal bankruptcy and quality of consumer lending, an effective credit scoring system is crucial to efficient and profitable lending practices. Featuring essays from seven experts in the risk management and banking/financial institution lending environment, this unique book offers valuable insights and proven techniques for developing effective credit scoring sy…
This book outlines enabling you to discover your own financial DNA and to incorporate that invaluable knowledge into a successful financial strategy. In this book you will learn: * The powerful advantages of knowing your financial DNA * How effective communication generates wealth * How to find your own life purpose and build a quality life * How to make committed decisio…