Risk Books Counterparty Risk Management - Measurement, Pricing and Regulation

Counterparty risk is a topic which has been elevated to the forefront of the front office, risk management and regulatory agendas following mark-to-market volatility and defaults over the global financial crisis. Universal acknowledgement of credit valuation adjustment (CVA) and debt valuation adjustment as essential components within the fair-value of derivatives and securities financing transactions has reinforced the importance of counterparty risk management across a much broader spectrum of financial services firms. Counterparty Risk Management is a collection of clear and concise articles produced by some of the most experienced and prominent professionals in the field affiliated with such respected institutions as the Federal Reserve Board of Governors, UBS, JP Morgan and Credit Suisse. The content of Counterparty Risk Management is part of the daily job of any financial industry related professional and each chapter will address a key aspect of counterparty risk. This book is essential reading not only for quants and practitioners to understand the substantive and often technical issues at hand, but for a wide cross-section of readers, from risk managers, regulators and policy makers, to consultants, accountants, lawmakers, auditors and researchers.