The Risk Management Process: Business Strategy and TacticsJohn Wiley & Sons, 2002 M02 28 - 624 pages Integrates essential risk management practices with practical corporate business strategies Focusing on educating readers on how to integrate risk management with corporate business strategy-not just on hedging practices-The Risk Management Process is the first financial risk management book that combines a detailed, big picture discussion of firm-wide risk management with a comprehensive discussion of derivatives-based hedging strategies and tactics. An essential component of any corporate business strategy today, risk management has become a mainstream business process at the highest level of the world's largest financial institutions, corporations, and investment management groups. Addressing the need for a well-balanced book on the subject, respected leader and teacher on the subject Christopher Culp has produced a well-balanced, comprehensive reference text for a broad audience of financial institutions and agents, nonfinancial corporations, and institutional investors. |
Contents
PART TWO
Risk Management and Business Strategy | 207 |
PART THREE
The Tactics of Risk Control | 455 |
NOTES | 569 |
| 584 | |
| 597 | |
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The Risk Management Process: Business Strategy and Tactics Christopher L. Culp No preview available - 2002 |
Common terms and phrases
activities actual allocation asset assume bank basis bond business unit calculated capital cash flows Chapter commodity consider contract corporate costs credit risk debt decisions default defined demand depends derivatives discussed distribution earnings effective equal Equation equity example exchange expected exposure factor Figure firm firm’s follows forward function funds futures given hedge higher holders implied increase individual interest internal investment investors issued less liabilities liquidity loan loss marginal maturity means measurement ment monitoring Note occur operational opportunities option payment period portfolio positive probability problem purchase ratio reasons reduce relative result risk management risk management process risk measurement settlement specific structure suppose swap tion tolerances trade transaction types underlying utility volatility wealth yield
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Page 7 - The popular fear of engrossing and forestalling may be compared to the popular terrors and suspicions of witchcraft. The unfortunate wretches accused of this latter crime were not more innocent of the misfortunes imputed to them, than those who have been accused of the former.