The only way to get a good overview of the subjects covered in the GARP FRM Exam is by reading an essential guide to financial risk management.
The Global Association of Risk Professionals (GARP) gives the Financial Risk Management Exam in November for risk professionals who want to earn a certification. The handbook for financial risk managers. Fourth edition is the definitive guide for those preparing to take the FRM Exam as well as a valued working reference for risk professionals. The book contains questions and solutions from previous exams and is a valuable resource for financial risk management professionals.
TABLE OF CONTENTS
Preface.
There is an introduction.
This is the first part of Quantitative Analysis.
The first chapter is Bond Fundamentals.
The value can be discounted, present, and future.
There is a price-yield relationship.
There are 1.3 bond price derivatives.
There are important formulas.
Chapter examples have 1.5 answers.
There is an appendix to the Infinite Series.
Chapter 2 is about Probability.
Random Variables are Characterizing Random Variables.
There are multivariate distribution functions.
Functions of Random Variables.
The distribution functions are important.
There are 2.5 limit distributions.
There are important formulas.
Chapter examples have answers.
There is a review of matrix multiplication.
Chapter 3 is about statistics.
There is real data.
There is a Parameter Estimation.
There is a regression analysis.
There are important formulas.
There are 3.5 answers to chapter examples.
Chapter 4 deals with Monte Carlo methods.
There are simulations with one random variable.
Simulations are being implemented.
There are multiple sources of risk.
There are important formulas.
There are 4.5 answers to chapter examples.
Capital Markets is part two.
Chapter 5 is about derivatives.
There is an overview of derivatives markets.
There are forward contracts.
There are futures contracts.
There are swap contracts.
There are important formulas.
There are 5.6 answers to chapter examples.
Chapter 6 has options.
There are option payoffs.
There are option premiums.
Valuing options.
There are other option contracts.
Valuing options using numerical methods.
There are important formulas.
Chapter examples have 6.7 answers.
Chapter 7 deals with fixed-income securities.
There is an overview of debt markets.
There are fixed-income securities.
There is an analysis of fixed-income securities.
Spot and forward rates.
There is a 7.5 prepayment.
Securitization is 7.6
There are important formulas.
Chapter examples have 7.8 answers.
Chapter 8 deals with fixed-income derivatives.
There are 8.1 forward contracts.
There are 8.2 futures.
8.3 Swaps.
There are 8.4 options.
There are important formulas.
Chapter examples have 8.6 answers.
Chapter 9 deals with Equity, Currency, and Commodity Markets.
There is a 9.
There are 9.2 convertible bonds and warrants.
Equity derivatives.
There are currency markets.
Currency swaps.
There are 9.6 commodities.
There are important formulas.
There are answers to chapter examples.
Market risk management is part three.
Market risk measurement is explained in chapter 10.
Financial market risks are explained.
The VAR is a Downside Risk Measure.
There are VAR Parameters.
There are elements of VAR systems.
Stress-testing is done.
There is a risk of Liquidity Risk.
There are important formulas.
There are answers to chapter examples.
There are desirable properties for risk measures.
There are sources of market risk.
There are sources of loss.
There is currency risk.
There is a fixed-income risk.
There is equity risk.
There is Commodity Risk.
Risk simplification.
There are important formulas.
Chapter examples have answers.
The covariance matrix is simplified in the appendix.
Chapter 12 deals with hedging linear risk.
There is an introduction to futures hedging.
There is an optimal hedging.
There are applications of optimal hedging.
There are important formulas.
Chapter examples have answers.
Chapter 13 is called Nonlinear Risk: Options.
Evaluating options
The option is called Greeks.
There is a Dynamic Hedging.
There are important formulas.
Chapter examples have answers.
Chapter 14 is about modeling risk factors.
There are Normal and Lognormal Distributions.
There are 14.2 fat tails.
There is a time-Variation in Risk.
There are important formulas.
Chapter examples have answers.
Chapter 15 is about VAR methods.
Local versus full valuation is the VAR.
There are 15.2 VAR methods.
There is a 15.3 example.
There are important formulas.
There are answers to chapter examples.
Investment risk management is part four.
Chapter 16 deals with portfolio management.
The investors are institutional.
Portfolio management.
Risk budgeting.
Important Formulas.
Chapter examples have Answers to them.
Chapter 17 deals with hedge fund risk management.
The industry of hedge funds.
There are long and short positions.
There are long and short positions.
Risk management for hedge funds.
There is transparency in the hedge fund.
There are important formulas.
Chapter examples have answers.
Credit Risk Management is part five.
Chapter 18 is about credit risk.
There is a settlement risk.
There is an overview of credit risk.
Credit risk is measured.
Credit Risk Diversification is related to credit risk.
There are important formulas.
Chapter examples can be found in 18.6 answers.
Actuarial default risk is measured in chapter 19
A credit event.
The default rates are 19.2.
The recovery rates are listed.
Assessing corporate and sovereign ratings.
There are important formulas.
There are answers to chapter examples.
Measuring Default Risk from Market Prices is chapter 20.
There are 20.1 corporate bond prices.
There are 20.2 Equity Prices.
Important formulas.
There are answers to chapter examples.
Chapter 21 deals with credit exposure.
Credit exposure by instrument
There is a distribution of credit exposure.
Exposure Modifiers.
Credit Risk Modifiers are related to credit risk.
There are important formulas.
Chapter examples have 21.6 answers.
Chapter 22 deals with credit derivatives and structured products.
The introduction.
There are 22.2 types of credit derivatives.
Pricing and hedging credit derivatives.
There are two products: Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products and Structured Products
The market is called the CDO Market.
Conclusions.
There are important formulas.
Chapter examples have 22.8 answers.
Chapter 23 deals with managing credit risk.
The distribution of credit losses is measured.
The expected credit loss is measured.
Credit VAR is measured.
Portfolio credit risk models.
Important formulas.
Chapter examples can be found in 23.6 answers.
Operational and Integrated Risk Management is part six.
Chapter 24 deals with operational risk.
The importance of operational risk is important.
Identifying operational risk.
Assessing Operational Risk is a part of Assessing Operational Risk.
Managing operational risk is something that needs to be managed.
Chapter examples have answers.
Causal networks are included in the appendix.
Chapter 25 deals with risk capital.
25.1 Raroc.
Performance evaluation and pricing.
There are important formulas.
Chapter examples can be found in 25.4 answers.
Chapter 26 deals with firm-wide risk management.
26.1 Integrated Risk Management.
There are 26 best practices reports.
There is an organizational structure.
The controlling traders.
Chapter examples have answers.
Legal, Accounting, and Tax Risk Management is part seven.
Chapter 27 deals with legal issues.
Legal risks with derivatives.
27.4 Netting.
There is a Master Netting Agreement.
The Sarbanes-Oxley Act was enacted in 2002.
Glossary 27.
Chapter examples have 27.6 answers.
Chapter 28 deals with accounting and tax issues.
There is internal reporting.
There are major issues in reporting.
The External Reporting is done by FASB.
The IASB has external reporting.
There is a new version of the IAS 39.
There are tax considerations.
Chapter examples have 28.6 answers.
Regulation and Compliance is part eight.
Chapter 29 deals with the regulation of financial institutions.
Definition of financial institutions.
There is a systemic risk.
There is regulation of commercial banks.
Securities houses are regulated.
There are tools and objectives of regulation.
Chapter examples have 29.6 answers.
Chapter 30 is about the accord.
There are 30 steps in the accord.
The 1988 Basel Accord was signed.
There is a 30.3 illustration.
There is a new accord.
Conclusions.
There are important formulas.
There are answers to chapter examples.
Chapter 31 is about the market risk charge.
The standardized method is used.
The approach to internal models.
Stress testing is done.
Backtesting.
There are important formulas.
There are answers to chapter examples.
There is a CD-ROM.
Index.
AUTHOR INFORMATION
Philippe Jorion. He is a professor at the Paul Merage School of Business at the University of California at Irvine. He graduated from the University of Chicago with an engineering degree. More than eighty publications were written by Dr. Jorion on the topic of risk management and international finance. He was editor of a number of financial journals. There is a journal of risk. . He received the Smith Breeden Prize for research, the William F. Sharpe Award for Scholarship in Financial Research, and the Graham and Dodd Scroll Award. The first three editions were written by him. Financial Risk Manager Handbook. Also, as well. Domestic and international dimensions to financial risk management. Big. There are derivatives and bankruptcies in Orange County. And. The new benchmark for managing financial risk is value at risk. .
NEW TO THIS EDITION
- Provides support for candidates taking GARP’s FRM ® exam, the globally accepted benchmark qualification for risk management practitioners.
- Provides the core knowledge for the FRM material in a systematic and consistent fashion , including questions from previous exams and solutions explained at the back of each chapter.
- Includes material on quantitative methods, capital markets, and market, credit, operational, and integrated risk management. New material on extreme value theory, new techniques in operational risk management, and corporate risk management.
- Outlines the essentials of financial risk management in a manner ideal for use in university courses and in-house training programs.
Philippe Jorion is the author of the Financial Risk Manager Handbook.
Financial Risk Manager Handbook (4th Ed.), Download Financial Risk Manager Handbook (4th Ed.), Free Financial Risk Manager Handbook (4th Ed.), was written by Philippe Jorion. The Financial Risk Manager Handbook is a torrent. The Handbook of Financial Risk Manager. Group buy.
Reviews
There are no reviews yet.