Risk

cash flows including salvage value Determine the riskiness of the cash flows Determine cost including risk premium Estimate the NPV of cash flows Compare NPV of inflows and outflows Financial Assets Determine the price that must be paid for the asset Determine future interest or dividend payments and expected sales price Determine the riskiness of the cash flows Determine cost including risk premium Estimate the NPV of future interest or dividend payments Compare NPV of inflows and outflows

par policy capturing, M@n@gement, 6, 29-48. Baird, I.S., Thomas, H. (1985), Toward a contingency model of strategic risk taking, Academy of Management Review, 10, 230-243. Bettman, J.R. (1973), Perceived risk and its components : A model and empirical test, Journal of Marketing Research, 10, 184-190. Bontempo, R.N., Bottom, W.R., Weber, E.U. (1997), Cross-cultural differences in risk perception : A model based approach, Rsik Analysis, 17, 479-488. Bryk, A.S., Raudenbush, S.W. (1992), Hierarchical

en avril 2001 - et de nombreuses autres publications. 1 ABSTRACT The bank risk management is now deeply affected by the scientifical progress on this field and by the new Bâle Committee regulations about the importance of the real economic risk. In the first part of the paper , we present the regulatory framework elaborated for the mastering of this risk. The second part is devoted to the methods of bank risk management, using in particular modeling and statistical, financial and accounting

uncertainty. One essen- tial aim of preventive actions is actually to minimize this uncertainty and to make these situations more or less foreseable, more or less controllable. Risk appraisal and accident causal explanations are basic prequisites for risk prevention. Because of the high level of uncertainty in risky situations, risk assessment and accident causal explanation are inevitably dominated by the representations and beliefs that hold the different actors facing them. In fact, risky situations

les techniques concrètes d’évaluation utilisées par les praticiens. Il permet d’acquérir une bonne connaissance des produits financiers et d’accéder aux métiers de front-office en salle de marché, de gestion de portefeuille, ainsi qu’aux métiers de risk management, d’analyse financière, et de fusions-acquisitions. Infos clés • En • 1 an. Multicampus, en France et en Asie. • 2 filières : – Financial Markets & Corporate Finance 25 % de cours en anglais ; – Financial Engineering Asia

règlements internationaux (BRI), Bâle 2003, www.bis.org (cité: COMITÉ DE BÂLE, Vue d’ensemble) COMITÉ DE BÂLE SUR LE CONTRÔLE BANCAIRE, Sound practices for the management and supervision of operational risk, Banque des règlements internationaux (BRI), Bâle 2003, www.bis.org (cité: COMITÉ DE BÂLE, Operational risk) 3 MBL 2002-2004 COMITÉ DE BÂLE SUR LE CONTRÔLE BANCAIRE, The compliance function in banks, Consultative document, Banque des règlements internationaux (BRI), Bâle 2003, www.bis.org (cité:

Hueber Roger Duruz Patrik Prof : Dr Akimou Ossé, Dr Emmanuel Fragnière Assistant : M Giuseppe Catenazzo Application VBA-EXCEL en Finance & Risk Management - Value at Risk paramétrique - EES3 Genève, le 23 mars 2007 Projet Visual Basic Application en VaR TABLE DES MATIÈRES 1 Introduction page : 3 2 Différentes méthodes de la VaR page : 4 2.1 2.3 2.4 page : 4 page : 4 page : 5 3 Méthode paramétrique Méthode non-paramétrique Méthode semi-paramétrique VaR sous Excel page : 5 3.1 3

15.1 La d´efinition du risque op´erationnel . . . . . . . . . 15.2 Les approches forfaitaires . . . . . . . . . . . . . . . 15.2.1 Basic Indicator Approach (BIA) . . . . . 15.2.2 Standardised Approach (SA) . . . . . . . 15.3 Annexe : composition du Risk Management Group Banking Supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (RMG) . . . . . . . . . . . . of . . . . . . . . . . the . . . . . . . . . . . . . . . . . . Basel . . . . . . . . . . . . . . . . . . .

currency rate on deposits in foreign currency, knowing that in times of financial or economic instability, the only reason justifying the use of loans in national currency is the possibility of reaching a higher interest rate, which aims to offset the risk of devaluation. Moreover, to deter future governments to reintroduce the national currency, this must lose its legal value. In addition, the Central Bank requires certain reforms since its function of money creation was canceled, especially since

of reference) -Mexican import components and electronics -Inflation rate declined between 2008 and 2009 by 2.1% -Evolution and moderate growth market in Mexico, there is room for new market players | Industrial structure and Rivalry | -Low risk of new entrants -Intense rivalry between the players on the market that is constantly looking to differentiate their product and develop it so as to keep a step ahead of competitors -Many major brand in the market such as Samsung, Sonny, Sharp, Panasonic