Risk

Dossier sur le Risk Management Dans le cadre de ses activités, le groupe Effisoft intervient auprès des services de gestion des risques des plus grands groupes internationaux mais aussi de plus petits acteurs du marché. A ce titre, Effisoft a développé au fil des années une expertise certaine du monde de la gestion des risques et des connaissances spécifiques sur l’ensemble de ses domaines d’intervention. Le présent document a pour ambition de présenter le Risk Management, son fonctionnement et

EM LYON School of Management FINAL THESIS Contingent Credit Default Swaps: How to Manage Contingent Credit Risk Sika Jean Angbonou Page 0 EM LYON School of Management Table of Contents I. II. A. B. III. A. B. INTRODUCTION ............................................................................................................................................. 2 PRELIMINARIES ..................................................................................................

Objectives • Understand the tools commonly used in interest rate risk management • Establish an effective ALM policy (understand derivatives products and their role in ALM) • Establish an ALCO with focused aims and objectives • Interpret Value-at-Risk measurement concepts, applications and resulting reports • Understand current regulatory requirements, in particular Basel II Accord, and how this relates to ALM “interest rate risk in the banking book” Who should attend this course? It is assumed

........................................ 10 1.3 Qui est le risk manager ? ............................................................................................. 11 1.4 Comment peut-on classer les risques ?........................................................................ 11 2 Une nouvelle ère : le « risk management » ........................................................................ 13 2.1 La prégnance nouvelle du risk management dans les entreprises françaises .............. 13

Conference on Risk Management in Islamic Finance Paris, Thursday, January 28, 2010 Université Paris Dauphine Place du Maréchal de Lattre de Tassigny 75775 PARIS Cedex 16 Les banques islamiques à l’heure des exigences réglementaires - Faut-il et peut-on adapter Bâle II aux spécificités des banques islamiques ? - Quid des normes réglementaires spécifiques aux institutions financières islamiques ? - Tour d’horizon des normes IFSB et analyse comparative des normes Bâle II Adel Harzi (Risk Manager

Critically consider this statement | | | INSURANCE | ------------------------------------------------- Summary INTRODUCTION I) The banking crisis II) The main principles of Solvency II 1) Three Pillars 2) Risk assessment : difference with Solvency I III) Solvency II : Advantages and disadvantages 1) Advantages 2) Criticisms and points to review CONCLUSION References INTRODUCTION Solvency is the ability for an insurer to meet the long-term

Financial institutions face the important task of estimating the controlling their exposure to market risk, which arises through different risk factors in their portfolio. Measurement of market risk has focused on a metric called Value At Risk (VaR). VaR quantifies the maximal amount that may be lost in a portfolio for a given period of time, at certain confidence level. For large portfolios the risk factor can be taken as an index. In this paper we come up with a method of estimating Historical VaR

reducing their cost of financing to exploiting arbitrage opportunities or transferring credit risk. Irrespective of their form, CDOs are issued in different tranches that are tailored using securitisation techniques. The process of tranching allows credit risk and returns on their underlying portfolio to be redistributed to investors in an ad hoc fashion. CDOs are part of an ongoing trend of converting credit risk into a marketable commodity. This process started with securitisation, and was then sustained

DEMYSTIFYING DERIVATIVES ACCOUNTING Adding Value Through Corporate Disclosure, Market Data and FAS 133 Compliance A Special Report Sponsored By JULY 2002 A Special Report from July 2002 MAKE RISK AN ADVANTAGE DEMYSTIFYING DERIVATIVES ACCOUNTING Adding Value Through Corporate Disclosure, Market Data, and FAS 133 Compliance Since their rise to popularity in the early 1970s, people have viewed derivatives with both awe and fear. Derivatives users range from traders, who seek to

and Applied Finance COUNTERPARTY RISK FOR CREDIT DEFAULT SWAPS impact of spread volatility and default correlation Damiano Brigo Fitch Solutions and Dept. of Mathematics, Imperial College 101 Finsbury Pavement, EC2A 1RS London. E-mail: damiano.brigo@fitchsolutions.com Kyriakos Chourdakis Fitch Solutions and CCFEA, University of Essex 101 Finsbury Pavement, EC2A 1RS London. E-mail: kyriakos.chourdakis@fitchsolutions.com Abstract We consider counterparty risk for Credit Default Swaps (CDS) in presence