£92.22

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

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£106.34 £90.81 £94.20 £97.59 £100.97 £104.36 £107.75 23 March 2026 01 April 2026 11 April 2026 21 April 2026 01 May 2026

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3 days · current 2 days 6 days 10 days 3 days 15 days 1 day 0 4 8 11 15 £92 £93 £94 £95 £96 £97 £106 Days at Price

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Most common price: £97 (15 days, 37.5%)

Price range: £92 - £106

Price levels: 7 different prices over 40 days

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

Format
hardcover
Domain
Amazon UK
Release Date
09 March 2023
Listed Since
23 May 2022

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