Developments in Mean-Variance Efficient Portfolio Selection
by M. Agarwal
Mean-variance efficient portfolio selection was originally identified by Nobel Laureate Harry Markowitz (1952) and to this day remains one of the most popular approaches to portfolio selection. However the turmoil suffered by stock exchanges as a result of the financial crises in the United States and later in Europe has evoked new interest across the globe for better portfolio management within the existing mean variance framework. Substantial improvements in the availability of large data sets...
Drawing on Foucault's later work on governmentality, this book traces the effects of 'the rise of risk' on contemporary social work practice. Focusing on two 'domains' of practice - mental health social work and probation work - it analyses the ways in which risk thinking has affected social work's aims and objectives, methods and approaches. It critically interrogates the claim that the logic of actuarialsim is implicated in a shift from 'care' to 'control' and argues the case for a distinctive...
Presents new methods in scenario thinking, based on a mix of high-level research and top-level consultancy experience. The authors describe the logical bases of a range of scenario methods and provide detailed 'road maps' on how to implement them - together with practical examples of their application.
Liquidity Risk (Global Financial Markets) (Finance and Capital Markets)
by E Banks
Liquidity Management is now a core consideration for banks and other financial institutions following the collapse of numerous well-known banks in 2007-8. This timely new edition will provide practical guidance on liquidity risk and its management – now mandatory under new regulation.
The business guide to Big Data in insurance, with practical application insight Big Data and Analytics for Insurers is the industry-specific guide to creating operational effectiveness, managing risk, improving financials, and retaining customers. Written from a non-IT perspective, this book focusses less on the architecture and technical details, instead providing practical guidance on translating analytics into target delivery. The discussion examines implementation, interpretation, and applic...
A Short Guide to Operational Risk (Short Guides to Business Risk) (Short Guides to Risk)
by David Tattam
There is a growing awareness across both public and private sectors, that the key to embedding an effective risk culture lies in raising the general education and understanding of risk at every level in the organization. This is exactly the purpose of David Tattam's book. A Short Guide to Operational Risk provides you with a basic yet comprehensive overview of the nature of operational risk in organizations. It introduces operational risk as a component of enterprise wide risk management and tak...
Risk Management and Financial Derivatives (Finance and Capital Markets)
Modern financial management entails an appreciation of a number of key mathematical concepts. This is particularly relevant to risk and risk management products, such as derivatives. The central role played by these products in capital markets is forcing an ever broader range of personnel to be aware of and utilise these concepts either from a supervisory perspective or in their day-to-day activities. This book explains the mathematical basis of risk and derivatives in a non-technical manner to...
Uninsured risk has far reaching consequences for rural growth as well as poverty reduction. While there are a range of informal mechanisms to insure rural households from the impact of shocks, they are a modest component of a risk layering strategy, even for well off households and even less protective for low income households. Formal insurance mechanisms - including conceptually similar credit access- have inherent market imperfections. State interventions to address these limitations, however...
Asset Management Standards (Finance and Capital Markets)
by O. Loistl and Robert Petrag
Asset management Standards discussion's main focus on governance issues matches the established structural components of the Asset Management Standard's systematic classification. Numerous innovations called for a nearly complete revision. This new edition offers again a reliable source of information on the major issues in asset management.
A Guide to Executive Protection is essential reading for those responsible for staff safety and security. Following the proven steps outlined in this guide can help to ensure that the appropriate measures have been implemented. Topics covered include: security plans; selection and training; organizational issues; vulnerability analysis; surveillance; equipment; conducting inspections; explosive detection; emergency plans; communication; threat assessment.
Strategy, Value and Risk - The Real Options Approach (Finance and Capital Markets)
by J. Rogers
In the 1990s shareholder value was applied to all aspects of corporate strategy and management decisions as a result of intense competition, globalization, advances in technology, deregulation and the financial markets. As we enter the twentyfirst century the business environment is one of increasing creative destruction, where competitive advantage is much harder to sustain. Real Options , a type of advanced financial analysis, applies financial option theory to real assets and offers a strateg...
Parimutuel Applications In Finance (Finance and Capital Markets)
by Ken Baron and Jeffrey Lange
Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.
Risikoaggregation und Monte-Carlo-Simulation (Essentials)
by Werner Gleiner and Marco Wolfrum
Dieser Band stellt praxisorientiert die Monte-Carlo-Simulation (Risikosimulation) vor, die es ermöglicht, den Gesamtrisikoumfang eines Unternehmens oder Projektes zu berechnen (Risikoaggregation) und mögliche „bestandsgefährdende Entwicklungen“ aus Kombinationseffekten von Einzelrisiken zu erkennen (Kernanforderung an ein Risikomanagement nach §91 Abs. 2 AktG). Ausgehend von einer Einführung zu Risikoanalyse und Risikoquantifizierung wird gezeigt, wie durch die Verbindung von Unternehmensplanung...
The book addresses the vital issue of how business leaders can prepare themselves to deal with the impact of unexpected events. It raises key questions for leaders to address if they are to avoid being distracted by crisis and remain in touch with a wider context that is subject to constant uncertainty and change.
Basel III, the Devil and Global Banking (Palgrave Macmillan Studies in Banking and Financial Institutions)
by D. Chorafas
The banking industry extensively lobbied against Basel III and governments have been keen to delay its full implementation. Chorafas' latest book takes a well-rounded approach on Basel III's strengths and weaknesses and explains how, without deep restructuring of the global banking industry, (like Basel II) Basel III will fail.
Emerging Markets and Sovereign Risk
Emerging Markets and Sovereign Risk provides case studies, commentary and analysis on the financial risk management and measurement in the context of frontier and developing counties from international experts covering three key areas of emerging market investments, the rating sovereign risk and managing sovereign risk.
The International Corporate Governance System (Global Financial Markets)
by F. Lessambo
The recent global economic crisis has highlighted the importance of strong corporate governance systems. The failure of many of the 'gatekeepers' (i.e. auditors) to protect the efficiency of the financial markets has left many wondering whether there exists a sound model of corporate governance and if so, what the features of such a model are. The International Corporate Governance System: Audit Roles and Board Oversight provides a comprehensive legal, economic and financial approach to corporat...
Use this reference for IT security practitioners to get an overview of the major standards and frameworks, and a proposed architecture to meet them. The book identifies and describes the necessary controls and processes that must be implemented in order to secure your organization's infrastructure.The book proposes a comprehensive approach to the implementation of IT security controls with an easily understandable graphic implementation proposal to comply with the most relevant market standards...
This book explains how financial institutions, such as banks and finance houses, manage their portfolios of credit cards, loans, mortgages and other types of retail credit agreements. The second edition has been substantially updated, with new chapters on capital requirements, Basel II, scorecard and portfolio monitoring.
Progress-Driven Entrepreneurs, Private Equity Finance and Regulatory Issues
by Z. Mikdashi
Durable business performance is crucially dependent on a stakeholders' strategy and accessible entrepreneurial finance available within macro-economic and regulatory environments. These reflections on issues and policies of progress are mainly concerned with enabling entrepreneurial risk-takers to operate within an optimal business environment.
With the huge global enthusiasm for microfinance, many policymakers and NGOs are unaware that mainstream financial sector development is just as important for poverty reduction. It is often thought that promoting specialized microfinance institutions is the best or only way forward, but a strong mainstream financial system is also pro-poor; perhaps even more so. The author of Financial Sector Policy and the Poor finds that the scale of microfinance remains very small, the contrasts in style betw...
Trust is an important factor in risk management, affecting judgements of risk and benefit, technology acceptance and other forms of cooperation. In this book the world's leading risk researchers explore all aspects of trust as it relates to risk management and communication. The authors draw on a wide variety of disciplinary approaches and empirical case studies on topics such as mobile phone technology, well-known food accidents and crises, wetland management, smallpox vaccination, cooperative...
Derivatives and Internal Models (Finance and Capital Markets)
by H. Deutsch
This book provides a thorough introduction to pricing and risk management of modern financial instruments formulated in precise mathematical language, covering all relevant topics with such a depth of detail that readers are enabled to literally develop their own pricing and risk tools. Accompanying website with hundreds of real world examples.