ISBN 9781108608602 is currently unpriced. Please contact us for pricing.
Available options are listed below:
Available options are listed below:
Validation of Risk Management Models for Financial Institutions: Theory and Practice
PUBLISHER | Cambridge University Press (03/02/2023) |
PRODUCT TYPE | eBook (Open Ebook) |
Description
Financial models are an inescapable feature of modern financial markets. Yet it was over reliance on these models and the failure to test them properly that is now widely recognized as one of the main causes of the financial crisis of 2007-2011. Since this crisis, there has been an increase in the amount of scrutiny and testing applied to such models, and validation has become an essential part of model risk management at financial institutions. The book covers all of the major risk areas that a financial institution is exposed to and uses models for, including market risk, interest rate risk, retail credit risk, wholesale credit risk, compliance risk, and investment management. The book discusses current practices and pitfalls that model risk users need to be aware of and identifies areas where validation can be advanced in the future. This provides the first unified framework for validating risk management models.
Show More
Product Format
Product Details
ISBN-13:
9781108608602
ISBN-10:
1108608604
Content Language:
English
More Product Details
Page Count:
1
Carton Quantity:
0
Feature Codes:
Bibliography,
Index,
Price on Product
Country of Origin:
US
Subject Information
BISAC Categories
Business & Economics | Finance - General
Dewey Decimal:
332.015
Library of Congress Control Number:
2022012257
Descriptions, Reviews, Etc.
publisher marketing
Financial models are an inescapable feature of modern financial markets. Yet it was over reliance on these models and the failure to test them properly that is now widely recognized as one of the main causes of the financial crisis of 2007-2011. Since this crisis, there has been an increase in the amount of scrutiny and testing applied to such models, and validation has become an essential part of model risk management at financial institutions. The book covers all of the major risk areas that a financial institution is exposed to and uses models for, including market risk, interest rate risk, retail credit risk, wholesale credit risk, compliance risk, and investment management. The book discusses current practices and pitfalls that model risk users need to be aware of and identifies areas where validation can be advanced in the future. This provides the first unified framework for validating risk management models.
Show More