Validation of Risk Management Models for Financial Institutions: Theory and Practice - Image 1

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Cambridge University Press Validation of Risk Management Models for Financial Institutions: Theory and Practice

Name: Validation of Risk Management Models for Financial Institutions: Theory and Practice
Brand: Cambridge University Press
Price: 102.72 GBP
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Econometrics

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Description

Financial models are an inescapable feature of modern financial markets. Yet it was over reliance on these models and the failure to test them properly that is now widely recognized as one of the main causes of the financial crisis of 2007–2011. Since this crisis, there has been an increase in the amount of scrutiny and testing applied to such models, and validation has become an essential part of model risk management at financial institutions. The book covers all of the major risk areas that a financial institution is exposed to and uses models for, including market risk, interest rate risk, retail credit risk, wholesale credit risk, compliance risk, and investment management. The book discusses current practices and pitfalls that model risk users need to be aware of and identifies areas where validation can be advanced in the future. This provides the first unified framework for validating risk management models.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 1108497357
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 09 March 2023
Listed Since: 23 May 2022

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Cambridge University Press Validation of Risk Management Models for Financial Institutions: Theory and Practice

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