Risk professionals looking to earn the Financial Risk Manager (FRM) certification, corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up–to–date information on financial risk management.
Filled with in–depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Completely updated to address recent developments in financial markets and reorganized to reflect the new two–part format of the Financial Risk Manager (FRM) exam this Sixth Edition is essential to your understanding of one of the most important disciplines in finance.
Financial Risk Manager Handbook, Sixth Edition supports candidates studying for the Global Association of Risk Professional′s (GARP) annual FRM exams and prepares you to assess and control risk in today′s rapidly changing financial world. Supplemented by an interactive Test Bank which contains hundreds of multiple–choice questions from previous FRM exams this Handbook is a requirement for any risk professional′s library.
Authored by renowned risk management expert Philippe Jorion with the full support of GARP this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as:
Market, credit, operational, and integrated risk management
Advanced univariate and multivariate models, as well as advanced option models
Investment management and hedge fund risk
Regulatory issues essential to risk professionals
The FRM is recognized as the world′s most prestigious global certification program created to measure a financial risk manager′s capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Sixth Edition focuses on practical financial risk management techniques and solutions that are emphasized on the test and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career.
About the Author.
PART ONE Foundations of Risk Management.
CHAPTER 1 Risk Management.
PART TWO Quantitative Analysis.
CHAPTER 2 Fundamentals of Probability.
CHAPTER 3 Fundamentals of Statistics.
CHAPTER 4 Monte Carlo Methods.
CHAPTER 5 Modeling Risk Factors.
PART THREE Financial Markets and Products.
CHAPTER 6 Bond Fundamentals.
CHAPTER 7 Introduction to Derivatives.
CHAPTER 8 Option Markets.
CHAPTER 9 Fixed–Income Securities.
CHAPTER 10 Fixed–Income Derivatives.
CHAPTER 11 Equity, Currency, and Commodity Markets.
PART FOUR Valuation and Risk Models.
CHAPTER 12 Introduction to Risk Models.
CHAPTER 13 Managing Linear Risk.
CHAPTER 14 Nonlinear (Option) Risk Models.
PART FIVE Market Risk Management.
CHAPTER 15 Advanced Risk Models: Univariate.
CHAPTER 16 Advanced Risk Models: Multivariate.
CHAPTER 17 Managing Volatility Risk.
CHAPTER 18 Mortgage–Backed Securities Risk.
PART SIX Credit Risk Management.
CHAPTER 19 Introduction to Credit Risk.
CHAPTER 20 Measuring Actuarial Default Risk.
CHAPTER 21 Measuring Default Risk from Market Prices.
CHAPTER 22 Credit Exposure.
CHAPTER 23 Credit Derivatives and Structured Products.
CHAPTER 24 Managing Credit Risk.
PART SEVEN Operational and Integrated Risk Management.
CHAPTER 25 Operational Risk.
CHAPTER 26 Liquidity Risk.
CHAPTER 27 Firmwide Risk Management.
CHAPTER 28 The Basel Accord.
PART EIGHT Investment Risk Management.
CHAPTER 29 Portfolio Risk Management.
CHAPTER 30 Hedge Fund Risk Management.