Frontiers of Risk Management: Key Issues and Solutions

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Dennis W. Cox
Euromoney Books, 2007 - Financial services industry - 287 pages
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Looking at the entire spectrum of financial services risk management, this practical guide identifies the key current issues and the solutions adopted by firms.
 

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Contents

The cultural frontiers of total risk management
3
bringing the discussion into the boardroom 1
11
Risk management and corporate finance
19
The risk management of asset management
26
Asset liability management in major banks
35
Treasury and assetliability management
50
The risks within the hedge fund industry
69
Derivatives risk OTC and ETD
77
The use of credit rating agencies and their impact on
154
Frontiers of operational risk management
171
The issues relating to the use of operational loss data
179
Near misses and fortuitous profits 1 85
185
Stress testing and risk management
195
Outsourcing and risk management
217
Developments within IT and online banking
233
Risk management and financial control
245

The simple art of Monte Carlo
86
environmental consistency
94
Regulation and credit risk
113
the consolidated credit risk model
126
Overcoming the challenges in the credit derivatives market
141
The risks of outsourcing
253
Insurance and risk management
265
Developments in pension fund risk
271
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About the author (2007)

DENNIS COX is CEO of Risk Reward Limited, a Strategy and Risk Consultancy for the financial services industry, as well as being a director of a number of other companies. He was formerly Director, Risk Management at HSBC Operational Risk Consultancy and Global Risk Director at Prudential Portfolio Managers Limited, having spent 12 years in practice with Arthur Young and BDO Binder Hamlyn. Among a range of external interests he is a senior Council member of the ICAEW, a member of the Professional Standards Board, Chairman of the Financial Planning Committee of the London Society and a member of the Money Laundering Committee; together with being the Chairman of the Risk Forum for the Securities and Investments Institute. He also represents the public interest in the regulation of the Institute of Actuaries for financial service matters.

MICHAEL COX has spent 25 years teaching quantitative methods to a wide variety of undergraduate students in departments ranging from agriculture, engineering, history, economics, business and medicine. For over 20 years he has taught both statistics and management science to MBA students.
During his career he has published some 50 referred papers in such diverse areas as statistical process control, total quality management, multidimensional scaling and the analytical hierarchy process. In addition Michael has co-authored two text books and developed a major piece of software.
Michael works in applicable mathematics, the solution of real world problems employing statistical and management science techniques. Most of this research has included computer applications.

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