More than just a rote recitation of the amendment and its impact, Dr. Dimitris Chorafas' insightful new book is an exploration into strategies and practices for establishing and maintaining compliance for your institution. The Market Risk Amendment lays the groundwork for effective risk management practices well into the 21st century. Top-tier banks like Citibank and J. P. Morgan are already going beyond the Market Risk Amendment directive to improve on credit management effectiveness, and to integrate counterparty risk and market risk. In The Market Risk Amendment, Dr. Dimitris N. Chorafas thoroughly explains this mandatory regulation, describes methods for establishing compliance for your institution, and provides easy-to-understand practices for monitoring and controlling your bank's exposure.
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Be Certain Your Institution Is In Compliance With The Market Risk Amendment! In May, 1996, the Group of Ten (G-10) Countries (U.S., Japan, England, Germany, France, Italy, Canada, Holland, Belgium, Sweden, and Switzerland) signed the Market Risk Amendment. Today, any banking professionals who don't understand this vital regulation could run afoul of its increased capital requirements for market risk. The Market Risk Amendment is the first book that examines the Market Risk Amendment of the Basle Committee from every angle, creating not just a listing of techniques or tools with which to comply, but a comprehensive understanding of how to operate and build your business in this new risk environment. While a few financial institutions have already upgraded their risk management policies to comply with the requirements outlined in the Market Risk Amendment, many more are falling behind. The Market Risk Amendment explains policies and procedures for market risk management, gets you in step with well-established global standards, and: Comprehensively explains the meaning and implications of Value at Risk; Accurately defines and describes the marking-to-model procedure for bank risk; Provides a blueprint for the implementation of proprietary models for the banking industry. Clearly written, without the reliance on intricate mathematical formulas so prevalent in other books of its kind, The Market Risk Amendment is filled with charts, graphs, and actual cases that clarify its most important points. For bankers worldwide who want to integrate their balance sheet exposure, regularly report on risk management, and understand Value at Risk and Marking-to-Model, Dr. Dimitris Chorafas' The Market Risk Amendment is required reading.
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5 of 6 people found the following review helpful:
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This review is from: The Market Risk Amendment: Understanding the Marking-To-Model and Value-At-Risk (Hardcover)
Good summary of the new BIS rules, but the review of understanding marking-to-model is sketchy, inconsistent, and rife with too many pseudo-graphs and footnotes to his own books and articles.
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