Financial Risk Manager HandbookThe essential reference for financial risk management Filled with in-depth insights and practical advice, theFinancial Risk Manager Handbook is the core text for riskmanagement training programs worldwide. Presented in a clear andconsistent fashion, this completely updated FifthEdition-which comes with an interactive CD-ROM containinghundreds of multiple-choice questions from previous FRM exams-isone of the best ways to prepare for the Financial Risk Manager(FRM) exam. Financial Risk Manager Handbook, Fifth Edition supportscandidates studying for the Global Association of RiskProfessional's (GARP) annual FRM exam and prepares you to assessand control risk in today's rapidly changing financial world.Authored by renowned risk management expert Philippe Jorion-withthe full support of GARP-this definitive guide summarizes the corebody of knowledge for financial risk managers. * Offers valuable insights on managing market, credit,operational, and liquidity risk * Examines the importance of structured products, futures,options, and other derivative instruments * Identifies regulatory and legal issues * Addresses investment management and hedge fund risk Financial Risk Manager Handbook is the most comprehensiveguide on this subject, and will help you stay current on bestpractices in this evolving field. The FRM Handbook is the officialreference book for GARP's FRM® certification program. Note: CD-ROM/DVD and other supplementary materials arenot included as part of eBook file. |
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Financial Risk Manager Handbook Philippe Jorion,GARP (Global Association of Risk Professionals) No preview available - 2009 |
Common terms and phrases
approach arbitrage assume average bank Basel Basel II bond price call option cash flows CDOs chapter collateral compute confidence level Consider convexity corporate correlation counterparty coupon credit default swap credit derivatives credit exposure credit loss credit rating credit risk credit spread currency debt default probability default rate defined discount dollar duration Equation equity estimate Example exchange Figure fixed-income forward contract forward rate FRM Exam 2007-Question function futures contract hedge fund horizon in-the-money increase instance investment investors leverage LIBOR liquidity risk loans long position margin market risk maturity million normal distribution operational risk payment payoff portfolio premium probability of default put option random variables ratio recovery rate risk charge risk factors risk management risk measurement risk-free rate securities sell short position simulation spot price stock price strike price Table tier 1 capital trading tranche typically underlying asset valuation variance volatility yield zero