{"title":"Quant finance","description":"\u003cp\u003eProducts tagged with \"Quant finance\"\u003c\/p\u003e","products":[{"product_id":"a-guide-to-behavioural-modelling","title":"A Guide to Behavioural Modelling for ALM","description":"\u003cp\u003eClient behaviour deeply impacts a bank's liquidity, funding, interest-rate position and, consequently, the management of its asset\/liability mismatch and related profitability. Therefore it is imperative that risk managers and modellers alike understand how to model client behaviour according to the needs of their business. It is the aim of this book to improve that understanding and highlight modelling techniques from the simple through to the complex, offering a broad suite of tools to improve the management of an institution's balance sheet.\u003c\/p\u003e\r\n\u003cp\u003eSince the 2008 global financial crisis, there has been increasing interest from external stakeholders (regulators, shareholders, institutional investors) in understanding how client behaviour impacts banks profitability, as well as how banks manage their liquidity, funding and interest rate risk.\u003c\/p\u003e\r\n\u003cp\u003eMatteo Formenti and Umberto Crespi of UniCredit Group have gathered together chapter authors from across the globe who are all experts in their field. This book will aim to explain in a simple and effective way how it is possible to model client behaviour for the proper management of an institution's balance sheet, and to expand the readers knowledge of the drivers behind behavioural models.\u003c\/p\u003e\r\n\u003cp\u003eThe book is divided into five parts:\u003cbr\u003e\u0026gt;\u0026gt; Part I: An Introduction to IRRBB\u003cbr\u003e\u0026gt;\u0026gt; Part II: NMD Behavioural Models\u003cbr\u003e\u0026gt;\u0026gt; Part III: Prepayment Behavioural Models\u003cbr\u003e\u0026gt;\u0026gt; Part IV: Behavioural Models for Non-performing Exposure and Non-committed Lines\u003cbr\u003e\u0026gt;\u0026gt; Part V: Accounting and Hedging\u003c\/p\u003e\r\n\u003cp\u003eand is required reading for model developers, risk managers, model validators and the regulators whose job it is to understand how institutions approached the regulatory requests.\u003c\/p\u003e\r\n\u003cp\u003eA Guide to Behavioural Modelling proves that modelling client's behaviour involves several stakeholders, and can improve the awareness of business decisions in different areas - liquidity, funding, interest rate, internal transfer systems- but that there is no one-size-fits-all modelling solution. Rather, different approaches, from the simple to the most-advanced, are equally appropriate depending on the needs of the institution.\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":51232497893718,"sku":"9781782724049","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/agtbm-2d-616pixels.jpg?v=1751976509"},{"product_id":"correlation-risk-management-and-modelling-2nd-edition","title":"Correlation Risk Management and Modelling (2nd edition)","description":"\u003cdiv class=\"product-essential\"\u003e\u003cform id=\"product_addtocart_form\" action=\"https:\/\/riskbooks.com\/checkout\/cart\/add\/uenc\/aHR0cHM6Ly9yaXNrYm9va3MuY29tOjQ0My9jb3JyZWxhdGlvbi1yaXNrLW1hbmFnZW1lbnQtYW5kLW1vZGVsbGluZy0ybmQtZWRpdGlvbg,,\/product\/1028\/\" method=\"post\"\u003e\r\n\u003cdiv class=\"product-shop\"\u003eGunter Meissner returns with a fully updated second edition of Correlation Risk, the first book to address financial correlation risk in detail. \u003c\/div\u003e\r\n\u003c\/form\u003e\u003c\/div\u003e\r\n\u003cdiv class=\"product-collateral\"\u003e\r\n\u003cdiv class=\"tabs\"\u003e\r\n\u003cp\u003eCorrelation risk was highlighted in the global financial crisis of 2007-09, when correlations between many financial variables, such as return correlation between equities, the default correlation between debtors or the default correlation between a debtor and an insurer, increased dramatically. This led to huge unexpected losses for many financial institutions, which in part triggered the global financial crisis.\u003cbr\u003e\u003cbr\u003e\u003cem\u003eCorrelation Risk \u003c\/em\u003egives the reader an overview of the main correlation models:\u003c\/p\u003e\r\n\u003cp\u003eStatistical; Deterministic financial (bottom-up \u0026amp; top-down models); and Stochastic financial.\u003c\/p\u003e\r\n\u003cp\u003eThe book discusses the conceptual, mathematical and computational properties of the models and evaluates their benefits and limitations for finance, making it valuable to anyone who is exposed to financial correlations and financial correlation risk, a big range! A must-read for upper management, risk managers, analysts, traders, compliance departments, model validation groups, controllers, reporting groups and brokers.\u003c\/p\u003e\r\n\u003c\/div\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769904271702,"sku":"9781782724056","price":85.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/ctmam-2d-616-pix.png?v=1751976656"},{"product_id":"credit-risk-modelling-second-edition-developments","title":"Credit Modelling (2nd edition)","description":"\u003cp\u003eThe book reveals to traders how to consistently outperform credit benchmarks, how to hedge the credit risk premium, and how to overcome pension liability deficits. In addition, several successful trading strategies are presented including debt versus equities, Co-Co bond trading and a quantitative analysis of the municipal bond market.\u003c\/p\u003e\r\n\u003cp\u003eChapters include:\u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eCredit Models, Past Present and Future\u003c\/li\u003e\r\n\u003cli\u003ePredicting Annual Default Rates and Implications for Market Prices\u003c\/li\u003e\r\n\u003cli\u003eRisk and Relative Value in the Municipal Bond Market\u003c\/li\u003e\r\n\u003cli\u003eContingent Collateral Bonds\u003c\/li\u003e\r\n\u003cli\u003eModel for Sovereign Default and Relative Value\u003c\/li\u003e\r\n\u003cli\u003eBeating Credit Benchmarks\u003c\/li\u003e\r\n\u003cli\u003eAnalyzing and Hedging Systemic Liquidity Risk\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769908695382,"sku":"9781782722595","price":72.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/cm-at-2d-crop-616pix.png?v=1751976704"},{"product_id":"risk-model-validation-2nd","title":"Risk Model Validation (2nd Edition)","description":"\u003cp\u003eThis new edition provides financial institutions with a toolbox to raise the key questions when it comes to integrating the results of quantitative risk models into business decisions.\u003c\/p\u003e\r\n\u003cp\u003eReaders will be able to:\u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eEvaluate the validity of a model;\u003c\/li\u003e\r\n\u003cli\u003eJudge the model’s quality, consistency and regulatory compliance;\u003c\/li\u003e\r\n\u003cli\u003eImprove a framework for validation; and\u003c\/li\u003e\r\n\u003cli\u003eTailor a model-risk approach for their institution.\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003cp\u003eChapters include:\u003c\/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eBasics of Quantitative Risk Models\u003c\/li\u003e\r\n\u003cli\u003eHow Can a Risk Model Fail?\u003c\/li\u003e\r\n\u003cli\u003eThe Regulatory Perspective on Risk Model Validation\u003c\/li\u003e\r\n\u003cli\u003eValidation Toolbox 1: Focus on Model Results\u003c\/li\u003e\r\n\u003cli\u003eValidation Toolbox 2: Focus on Model Assumptions\u003c\/li\u003e\r\n\u003cli\u003eValidation Toolbox 3: Focus on Data and Software\u003c\/li\u003e\r\n\u003cli\u003eImplementing a Model Risk Framework\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769910628694,"sku":"9781782722632","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/rmv-2ed-crop-616pix.png?v=1751976772"},{"product_id":"http-riskbooks-com-probabilistic-graphical-models-a-new-way-of-thinking-in-financial-modelling","title":"Probabilistic Graphical Models","description":"\u003ch2\u003eOverview\u003c\/h2\u003e\r\n\u003cdiv class=\"std\"\u003e\r\n\u003cp\u003e\u003cem\u003eProbabilistic Graphical Models\u003cspan\u003e \u003c\/span\u003e\u003c\/em\u003egives an overview of PGMs (a framework encompassing techniques like bayesian networks, markov random fields and chain graphs), which incorporate forward-looking information for making financial decisions, and applies them to stress testing, asset allocation, hedging, and credit risk.\u003cbr\u003e\u003cbr\u003eThis approach describes a new way to contend with stress testing (a big component of regulations like CCAR, the AIFMD, and Solvency II), teaches the reader how to strengthen their portfolios, presents a forward-looking way of conducting tail hedging, and gives a clear picture of the credit risk of the institution in question (such as a bank or a hedge fund).\u003c\/p\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769913643350,"sku":"9781782720973","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/pgm_2d-crop-616-pixels.png?v=1751976809"},{"product_id":"tail-risk-hedging-theory-and-practice","title":"Tail Risk Hedging","description":"\u003cp\u003e\u003cspan\u003eSince the global financial crisis, investors have been faced with the difficult question of how to generate returns in a more uncertain and volatile environment while controlling the potential downside. Traditional risk control methods such as diversification have been shown to have limits and as a result tail risk hedging has emerged as one possible answer, with several investment managers reporting the tail risk hedging business to be their fastest area of asset growth in the wake of the crisis.\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003eThis is the first ever edited volume on tail risk hedging, which can serve as a primer and an authoritative guide for institutional investors.  Edited by leading experts in the area Andrew Rozanov and Ryan McRandal, based at Permal and \u003c\/span\u003e\u003cspan\u003ePeters Capital Group\u003c\/span\u003e\u003cspan\u003e respectively, the book brings together a representative cross-section of views from practitioners who are active in the space.  Chapters include:\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003e-    An Introduction to Tail Risk Hedging\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e-    Strategic Tail Risk Management: a Pension Fund’s Perspective\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e-    An Asset Allocator’s Approach to Tail Risk Hedging\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e-    A Systematic Approach to Tail Risk Hedging\u003c\/span\u003e\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":51232496910678,"sku":"9781782720805","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/tail-risk-hedging-2d-crop-616-pixels.png?v=1751976894"},{"product_id":"the-frtb-impact-implications-and-implementation","title":"The FRTB: Concepts, Implications and Implementation","description":"\u003cp\u003eThe BCBS' principal objectives for the FRTB are to:\u003c\/p\u003e\r\n\u003cp\u003e\u0026gt; Achieve consistency across jurisdictions\u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cp\u003e\u0026gt; Have its SA serve as a credible fall-back and a floor for the IMA\u003c\/p\u003e\r\n\u003cp\u003e\u0026gt; Address existing weaknesses in the IMA - with the overarching motivation of not significantly increasing bank capital requirements.\u003c\/p\u003e\r\n\u003cp\u003eThis book guides the reader towards efficient FRTB implementation, capital measurement and deployment and, most importantly, effective risk management. 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Stress testing has come a long way since the first edition, thinking has changed dramatically, and so the second edition of Stress Testing: Approaches, Methods and Applications has added chapters that address these refinements in thinking and deals with new topics such as pre-position net revenue.\u003c\/p\u003e\r\n\u003cp\u003eThe authoritative guide and reference tool for stress testing, this book is essential for risk managers, regulators and consultants who want a clearer understanding of the methods, tools and uses of stress testing in different risk areas.\u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cp\u003eDescribed as an industry in itself, stress testing constitutes an extensive element of financial institutions risk management and capital-adequacy assessments. Definitions of what constitutes stress testing and how stress testing should be used had been hard to pin down meaning it can be hard to benchmark one's own firm in this area.\u003c\/p\u003e\r\n\u003cp\u003eThere is now a dearth of published information on stress testing approaches and it can be a time-consuming process working out which approach is best for your firm, often resulting in banks hiring expensive management consultants. The aim of this book is to help CROs, CFOs or those working in the treasury space to figure out which approach will be most appropriate. Offering insights and guidelines that expound the various approaches and highlights those most appropriate with regard to the guidance.\u003c\/p\u003e\r\n\u003cp\u003eEditors Akhtar Siddique (Office of the Comptroller of Currency) and Iftekhar Hasan (Fordham University) have recruited David Lynch of the Federal Reserve Board as a third editor and assembled contributions from key figures directly involved in the measurement, regulation and application of these new stress testing practices. Brand new chapters cover:\u003c\/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eStress-testing Applications of Machine-learning Models by Jorge Chan-Lau\u003c\/li\u003e\r\n\u003cli\u003eAn Alternative Approach to Stress Testing a Bank's Trading Book by Sean Campbell, Amy Lorenc \u0026amp; Pawel J. Szerszen\u003c\/li\u003e\r\n\u003cli\u003eThe Asset Market Effects of Bank Stress-test Disclosures by Li Gu, Ke Wang \u0026amp; Jin Wu\u003c\/li\u003e\r\n\u003cli\u003eStress Test Modeling for Loan Losses and Reserves by Mike Carhill \u0026amp; Jonathan Jones\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003cp\u003eThe authoritative guide and reference tool for stress testing, this book is essential for risk managers, regulators and consultants who want a clearer understanding of the methods, tools and uses of stress testing in different risk areas.\u003c\/p\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":51232494158166,"sku":"9781782723912","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/st-2nd-edition-2d-crop-616-pixels.png?v=1751977101"},{"product_id":"firm-wide-stress-testing-and-economic-capital","title":"Firm-wide Stress Testing and Economic Capital","description":"\u003cp\u003eReaders will understand how to construct and connect economic capital and firm-wide stress testing models and what considerations and assumptions are required.  They will also learn how to recognize and utilise the connections between liquidity, capital and strategy.\u003cbr\u003e\u003cbr\u003eAhraz Sheikh (an independent consultant with over 19 years' experience in quantitative risk modelling) establishes a framework that will close the gap between stress testing and economic capital modelling - meaning risk personnel will undertake their modelling work in a unified, coherent way.\u003c\/p\u003e\r\n\u003cp\u003eChapters features: \u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eRegulatory Perspectives\u003c\/li\u003e\r\n\u003cli\u003eBalance Sheet Projection\u003c\/li\u003e\r\n\u003cli\u003eBusiness Risk and Interest Rate Risk Modelling\u003c\/li\u003e\r\n\u003cli\u003eAsset Side Modelling\u003c\/li\u003e\r\n\u003cli\u003eLiability Side Modelling\u003c\/li\u003e\r\n\u003cli\u003eMarket Risk Modelling\u003c\/li\u003e\r\n\u003cli\u003eCredit and Counterparty Credit Risk Modelling\u003c\/li\u003e\r\n\u003cli\u003eOperational Risk Modelling\u003c\/li\u003e\r\n\u003cli\u003eIntegrated Balance Sheet and Liquidity Risk Modelling\u003c\/li\u003e\r\n\u003cli\u003eRisk Appetite and Strategy\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769945264470,"sku":"9781782722021","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/fwstaec_2d-crop-616-pixels.png?v=1751977168"},{"product_id":"margin-in-derivatives-trading","title":"Margin in Derivatives Trading","description":"\u003cp\u003eMany of the challenges that banks face due to tighter margin requirements are still fresh and, in many cases, without solid industry consensus to guide their resolution. 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The book is divided into five sections:\u003c\/p\u003e\r\n\u003cp\u003e1. Foundation;\u003c\/p\u003e\r\n\u003cp\u003e2. Regulation;\u003c\/p\u003e\r\n\u003cp\u003e3. XVA and forward initial margin;\u003c\/p\u003e\r\n\u003cp\u003e4. Exposure modelling;\u003c\/p\u003e\r\n\u003cp\u003e5. Optimisation, procyclicality and systemic risk.\u003c\/p\u003e\r\n\u003cp\u003e\u003c\/p\u003e\r\n\u003cp\u003ePart I describes the basic mechanics of margin posting, as laid out in the typical legal documents relevant to different types of trading.\u003c\/p\u003e\r\n\u003cp\u003ePart II is dedicated to regulatory aspects of margin, with a special focus on the new rules for bilateral OTC trading between financial companies.\u003c\/p\u003e\r\n\u003cp\u003ePart III of the book is dedicated to the computation of valuation metrics for the credit and funding costs of margin.\u003c\/p\u003e\r\n\u003cp\u003ePart IV of the book focuses on modelling credit exposure in the presence of margin.\u003c\/p\u003e\r\n\u003cp\u003ePart V addresses a number of issues that can loosely be thought of as the unintended consequences of mandatory central clearing and the new margin requirements for bilateral OTC trading.\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":51232494027094,"sku":"9781782723905","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/margin-in-derivatives-trading-2d-crop-616-pixels.png?v=1751977197"},{"product_id":"global-macro-theory-and-practice","title":"Global Macro","description":"\u003cp\u003eGlobal macro is a hedge fund strategy that bases its holdings - such as long and short positions in various equity, fixed income, currency, and commodities markets - primarily on top-down macroeconomic and political views of individual countries and asset classes.\u003cbr\u003e\u003cbr\u003eIn the aftermath of the global financial crisis of 2007-09, global macro was one of the few investment strategies that delivered positive returns. Since then global markets have been driven almost solely by macroeconomic decision making; more so than at any time in recent years.  Global Macro: Theory and Practice, edited by industry expert Andrew Rozanov, is the first comprehensive handbook and authoritative guide focusing exclusively on global macro strategies, designed for use by investment professionals involved in constructing and managing institutional portfolios.\u003cbr\u003e\u003cbr\u003eThe book examines different strategies within the global macro sector, focusing on their unique risk-return characteristics and their role and place in an institutional portfolio.  With contributions from a cross section of leading industry practitioners, chapters include:\u003c\/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eThe Role of a Global Macro Strategist\u003c\/li\u003e\r\n\u003cli\u003eEmerging Markets in Global Macro Investing\u003c\/li\u003e\r\n\u003cli\u003eA Prime Broker’s Perspective\u003c\/li\u003e\r\n\u003cli\u003eSystematic Strategies: A Quantitative Approach to Global Macro\u003c\/li\u003e\r\n\u003cli\u003eA Fund of Hedge Fund’s Perspective\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003cdiv\u003e\r\n\u003cp\u003eThe authoritative guide and reference tool for global macro investing, this book is essential for anyone who wants to be better informed when they make their asset allocation, portfolio construction and hedge fund selection decisions.\u003c\/p\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769948180822,"sku":"9781906348908","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/gm-sponsor-permal-2d-crop-616pix.png?v=1751977226"},{"product_id":"interest-rate-modelling-after-the-financial-crisis","title":"Interest Rate Modelling after the Financial Crisis","description":"\u003cp\u003e\u003cspan style=\"font-size: 14px;\"\u003eTypically literature on the subject of interest rate modelling is based on the assumption of risk-free interest rate \u003c\/span\u003e\u003cspan style=\"font-size: 14px;\"\u003emarkets. Clearly this assumption no longer holds water. As a consequence of the crisis, market participants have been \u003c\/span\u003e\u003cspan style=\"font-size: 14px;\"\u003ealerted to risk factors which had previously been neglected. This knowledge has led to important changes in the \u003c\/span\u003e\u003cspan style=\"font-size: 14px;\"\u003epatterns of market data and to new approaches in interest rate modelling.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cdiv class=\"std\"\u003e\r\n\u003cp\u003eAs interest rate markets continue to innovate and expand in this new landscape, it is becoming increasingly important to remain up-to-date with the latest practical and theoretical developments. 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Insurance companies need to demonstrate that their internal model meets the use test, statistical quality standards, calibration standards, validation standards and documentation standards.\u003cbr\u003e\u003cbr\u003e\u003cem\u003eInternal Models and Solvency II \u003c\/em\u003eis the first authoritative reference book on Solvency II internal models for practitioners and regulators, providing practical insight into these models and their frameworks.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cem\u003e“Each chapter has been written by experts in the topic, individuals with hands-on experience of designing, validating, reviewing and using models. 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The new standard may upend many business areas within an organisation, affecting loan origination, commercial policies, and portfolio strategy and management, to name but a few.\u003c\/p\u003e\r\n\u003cp\u003eFinancial institutions have to implement the CECL accounting standard by January 1, 2023. \u003cem\u003eThe CECL Handbook; A Practitioner’s Guide\u003c\/em\u003e is \u003cem\u003ethe\u003c\/em\u003e reference book for 2023 adopters and a great training manual for staff within banks that have already adopted.\u003c\/p\u003e\r\n\u003cp\u003eThe team of editors – comprising several senior directors from Moody’s Analytics – Masha Muzyka; Laurent Birade; Yashan Wang; and former head of Research, Jing Zhang, have brought together a unique group of experts experienced in preparing and implementing the new CECL model.\u003c\/p\u003e\r\n\u003cp\u003eSet out over three sections this book provides a comprehensive instructional guide, covering key assumptions, requirements and challenges for different asset types as well as different stakeholders in the process such as auditors, management, investment analysts and regulators. The book also considers the downstream processes impacted by the new implementation and guidance.\u003c\/p\u003e\r\n\u003cp\u003e\u003cstrong\u003ePART I: REQUIREMENTS: \u003c\/strong\u003edescribes the CECL requirements and presents an overview of the most impactful challenges encountered during initial implementation both from an auditor’s and a banker’s perspective.\u003c\/p\u003e\r\n\u003cp\u003e\u003cstrong\u003ePART II: INDUSTRY IMPLEMENTATION PRACTICES:\u003c\/strong\u003e discusses specific industry-implementation practices.\u003c\/p\u003e\r\n\u003cp\u003e\u003cstrong\u003ePART III: BUSINESS IMPACTS AND IMPLICATIONS: \u003c\/strong\u003eexplores how institutions need to think through the impact on processes such as portfolio management, origination and loan pricing, as well as provides tips for becoming better at data-driven decision making.\u003c\/p\u003e\r\n\u003cp\u003eThe new standard’s impacts are wide and far-reaching, it is an understatement to say that the forward-looking CECL standard is a game-changer and this book provides readers with a roadmap to effective credit risk measurement and management which complies with the new accounting standard.\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":51232492093782,"sku":"9781782724339","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/the_cecl_hapg_2d_616pixels.png?v=1751977964"}],"url":"https:\/\/www.riskbooks.com\/collections\/quant-finance.oembed","provider":"Risk Books","version":"1.0","type":"link"}