Authors: Dan Galai, International Conference on Risk Managem, Dan Galai
ISBN-13: 9780792384830, ISBN-10: 0792384830
Format: Hardcover
Publisher: Springer-Verlag New York, LLC
Date Published: February 2003
Edition: (Non-applicable)
Over the last fifty years, increasingly sophisticated risk measurement and management techniques have revolutionized the field of finance. More recently, the globalization of financial markets and policy changes in the regulation of financial institutions have impacted upon how commercial banks manage risk. The widespread implications of these fundamental changes prompted an international conference held in May, 1997, devoted to the topic of risk management and regulation in banking. This book contains the formal papers and the panel discussions that comprise the conference proceedings, and thus collects some of the latest research on managing financial market risk by top scholars, policymakers, and high-ranking banking officials from around the world.
Contributors to the Conference | ||
Introduction | ||
1 | Bank Risk Mangement: Theory | 5 |
2 | Risk Management in Banking: Practice Reviewed and Questioned | 15 |
3 | Introduction to VaR (Value-at-Risk) | 47 |
4 | A Comparison between the BIS Standardized Approach and the Internal Models Approach | 65 |
5 | Evaluating Credit Risk: An Option Pricing Approach | 99 |
6 | Non-Linear Value-at-Risk | 115 |
7 | A Critique of the Basel Regulations, or How to Enhance (Im) Moral Hazards | 147 |
8 | The Implementation in the UK of the Basel Accord Regarding Market Risk | 159 |
9 | Recent US Experience in Regulating Financial Risk | 169 |
10 | A Recent Case History of International Bank Fraud | 175 |
11 | Market Risks - The Amendment to the Basle Capital Accord and Internal Model Approach: The Israli Case | 187 |
12 | Risk Management with Derivatives Traded at the Tel Aviv Stock Exchange | 203 |