Asset and risk management: Risk oriented finance by Louis Esch, Robert Kieffer, Thierry Lopez

By Louis Esch, Robert Kieffer, Thierry Lopez

  • Applies threat administration suggestions to asset administration - displaying how smooth probability size concepts can help in portfolio administration.
  • Integrates hazard administration and asset & legal responsibility administration (ALM), describing concepts for measuring structural stability sheet hazards.
  • Clearly and accessibly written
  • CD-Rom containing examples from the textual content.
  • Foreword from Philippe Jorion

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Extra info for Asset and risk management: Risk oriented finance

Sample text

Before entering into transactions related to derivatives, the bank must ensure that its counterparties have the legal authority to enter into these deals themselves. In addition, the bank must verify that the conditions of any contract governing its activities in relation to the counterpart are legally sound. The legal risk linked to stock-market deals can in essence be subdivided into four types of subrisk. 1. Product risk, which arises from the nature of the deal without taking into account the counterparty involved; for example, failure to evaluate the legal risk when new products are introduced or existing products are changed.

1. 1 below) that in relation to each individual person or legal entity pose a threat to the return generated by rational use of assets and therefore to the assets themselves. 2. It provides the following solutions aimed at combating these factors. — Strategic. The onus is on the institution to propose a general policy for monitoring and combating risks, ensure sensible consolidation of risks at group management level where necessary, organise the reports sent to the management committee, participate actively in the asset and liability management committee (see Chapter 12) and so on.

2. It provides the following solutions aimed at combating these factors. — Strategic. The onus is on the institution to propose a general policy for monitoring and combating risks, ensure sensible consolidation of risks at group management level where necessary, organise the reports sent to the management committee, participate actively in the asset and liability management committee (see Chapter 12) and so on. — Tactical. This level of responsibility covers economic and operational assessments when a new activity is planned, checks to ensure that credit has been spread safely across various sectors, the simulation of risk coverage for exchange interest rate risk and their impact on the financial margin, and so on.

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