Professional's Handbook of Financial Risk Management

Professional's Handbook of Financial Risk Management

1st Edition - February 25, 2000

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  • Editors: Lev Borodovsky, Marc Lore
  • eBook ISBN: 9780080480442
  • Hardcover ISBN: 9780750641111

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Professional's Handbook of Financial Risk Management is a major reference work in finance. A complete practical reference book covering all aspects of financial risk management including an in-depth look at operational risk management, regulation, risk-based capital, and risk adjusted performance measurement. The book focuses on practical financial risk management techniques and solutions, and is designed to guide the risk professional step-by-step through the implementation of a firm-wide risk management framework. This book covers the various roles of the risk management function. Rather than describing every possible role in exhaustive detail, the authors have provided a story line for each of the discussed topics, including practical issues that a risk manager needs to consider when tackling the subject, possible solutions to difficulties that might be encountered, background knowledge that is essential to know, and more intricate practices and techniques that are being used. By providing these fundamentals, the novice risk professional can gain a thorough understanding of the topic in question while the more experienced professional can use some of the more advanced concepts within the book. Thus the book can be used to broaden your own knowledge of the risk world, both by familiarizing yourself with areas in which you lack experience and by enhancing your knowledge in areas that you already have expertise. All authors are leaders in their field who between them have the expertise and knowledge, both practical and theoretical, to produce this definitive risk management guide. The editors of this book, Marc Lore and Lev Borodovsky, are senior financial risk managers at Sanwa Bank (International) London, and Credit Suisse First Boston, USA respectively. They also run The Global Association of Risk Professionals (GARP), the industry association for financial risk management practitioners and researchers.

Key Features

  • Endorsed by GARP - Global Association of Risk Professionals
  • Authored and edited by leading financial markets risk professionals
  • International in coverage; the concepts and methods covered are not specific to any country or institution, but rather to the risk management profession as a whole


Risk managers, traders, portfolio managers, consultants, regulators, technologists, credit analysts, will find this book, with contributions from around the world, a valuable source of practical information on Financial Risk Management

Table of Contents

  • Foundation of risk management - Derivatives basics
    Measuring volatility
    The yield curve
    Choosing appropriate VaR model parameters and risk measurement methods
    Market risk, credit risk and operational risk - Yield curve risk factors: domestic and global contexts
    Implementation of a Value-at-Risk system
    Additional risks in fixed-income markets
    Stress testing; Backtesting
    Credit risk management models
    Risk management of credit derivatives
    Operational risk; Operational risk
    Additional risk types - Coping with model risk
    Liquidity risk; Accounting risk
    External reporting: compliance and documentation risk
    Energy risk management; Implementation of price testing
    Capital management, technology and regulation - Implementing a firmwide risk management framework
    Selecting and implementing enterprise risk management technologies
    Establishing a capital-based limit structure
    A framework for attributing economic capital and enhancing shareholder value
    International regulatory requirements for risk management
    Risk transparency

Product details

  • No. of pages: 832
  • Language: English
  • Copyright: © Butterworth-Heinemann 2000
  • Published: February 25, 2000
  • Imprint: Butterworth-Heinemann
  • eBook ISBN: 9780080480442
  • Hardcover ISBN: 9780750641111

About the Editors

Lev Borodovsky

Affiliations and Expertise

Senior financial risk manager at Credit Suisse First Boston.

Marc Lore

Affiliations and Expertise

Senior financial risk manager at Sanwa Bank (International).

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