Résumé
Delving into recent examples, such as the Long-Term Capital Management (LTCM) fiasco, Chorafas explains precisely how to avoid similar catastrophes.
He examines various types of risk-credit, market, and operational -and in this comprehensive guide confronts such pressing issues as:
- The risks characterizing highly leveraged institutions
How we develop an economy that creates value for companies and consumers
The kinds of risks vie assume in the process of wealth creation
The dangerous consequences of hiding major losses through the use of derivatives
The role of technology in the control of exposure
Chorafas uncovers some common misconceptions surrounding the transfer of risk and, most important, shows us how to identify and control exposure in our portfolio.
Table of Contents
Foreword | ||
Preface | ||
Acknowledgments | ||
Pt. 1 | Emerging Industries, the Internet Economy, and the Need for Redefining Management Control | 1 |
1 | The Impact of Risk and Uncertainty on Financial Institutions | 3 |
2 | The First Big Shock of the New Economy: Meltdown in East Asia | 25 |
3 | The Breakdown of Internet Controls: Sumitomo Corporation | 46 |
4 | Creative Accounting and Lax Auditing: Kidder Peabody | 68 |
5 | Lessons from the Long-Term Capital Management Meltdown | 87 |
Pt. 2 | Playing at the Edge of the Abyss: Learning from LTCM and Other Recent Disasters | 103 |
6 | Managing Exposure to Greater Risk and More Types of Risk | 105 |
7 | Managing Risk in Highly Leveraged Institutions | 122 |
8 | The Art of Risk Management with Hedge Funds | 142 |
9 | The Bottom Line in Credit Risk: LTCM and the United Bank of Switzerland | 159 |
10 | The Dangerous Game of Hiding Major Losses Through Derivatives: The Fall of the Tiger Management Fund | 179 |
Pt. 3 | Risk Management Responsibilities in the New Economy | 205 |
11 | Senior Management Accountability in the New Economy | 207 |
12 | The Roles, Functions, and Responsibilities of Senior Bank Management | 232 |
13 | Staffing the Risk Management Department | 258 |
14 | Why Superior Organization Supports the Risk Management Function | 280 |
15 | Managing the Transfer of Risk Between Different Instruments | 303 |
16 | Accounting for Potential Risk Exposure in the New Economy | 326 |
Conclusion: Accounting for Different Types of Risk and Their Impacts | 345 | |
Index | 351 |
Caractéristiques techniques
PAPIER | |
Éditeur(s) | NYIF |
Auteur(s) | Dimitris N. Chorafas |
Parution | 01/04/2001 |
Nb. de pages | 358 |
Format | 15,8 x 23,5 |
Couverture | Relié |
Poids | 775g |
Intérieur | Noir et Blanc |
EAN13 | 9780735202177 |
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