Risk Management Technology in Financial Services

Risk Control, Stress Testing, Models, and IT Systems and Structures


  • Dimitris Chorafas, Independent Finance Consultant, France

Written for professionals in financial services with responsibility for IT and risk management, Dimitris Chorafas surveys the methodology required and IT systems and structures to support it according to Basel II. The book is consistent with the risk management certification process of GARP, as well as the accounting rules of IFRS, based on research the author conducted with IASB. The author provices an in-depth discussion of the types of risk, stress analysis and the use of scenarios, mathematical models, and IT systems and infrastructure requirements.
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IT Directors, IT Managers, and Risk Mangement Directors in financial services industries worldwide; risk management software application developers in financial institutions and in software firms providing financial applications and solutions; Consultants providing IT and risk management services to the financial services industry.


Book information

  • Published: June 2007
  • ISBN: 978-0-7506-8304-3

Table of Contents

ContentsForeword, by Francis-luc PerretPrefacePart 1 Innovation, risk, and returnChapter 1 Innovation in financeChapter 2 What is meant by risk management?Chapter 3 Complxity of risk control with derivativesChapter 4 Intergrating risk management through an enterprise architecureChapter 5 Case studies on big product problems that went unattendedPart 2 Risk control methodology and advanced modelsChapter 6 A methodology for risk managementChapter 7 The contribution of models to experimentationChapter 8 SimulationChapter 9 Using knowledge engineering for risk controlChapter 10 Optimization through genetic algorithmsChapter 11 Testing, backtesting, post-mortems and experimental methodologyPart 3 Increasing the effectiveness of information systems supportChapter 12 Adding value to risk control through IT and organizationChapter 13 Technology for time management, high frequency financial data and high impact eventsChapter 14 Project management for IT and risk controlChapter 15 Implementing design reviewsChapter 16 Quality, reliability and availabilityChapter 17 Being in charge of IT costsIndex