Ebook: Risk Management and Regulation in Banking: Proceedings of the International Conference on Risk Management and Regulation in Banking (1997)

Over the last fifty years, increasingly sophisticated risk measurement and management techniques have revolutionized the field of finance. More recently, the globalization of financial markets and policy changes in the regulation of financial institutions have impacted upon how commercial banks manage risk. The widespread implications of these fundamental changes prompted an international conference held in May, 1997, devoted to the topic of risk management and regulation in banking. This book contains the formal papers and the panel discussions that comprise the conference proceedings, and thus collects some of the latest research on managing financial market risk by top scholars, policymakers, and high-ranking banking officials from around the world.

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Over the last fifty years, increasingly sophisticated risk measurement and management techniques have revolutionized the field of finance. More recently, the globalization of financial markets and policy changes in the regulation of financial institutions have impacted upon how commercial banks manage risk. The widespread implications of these fundamental changes prompted an international conference held in May, 1997, devoted to the topic of risk management and regulation in banking. This book contains the formal papers and the panel discussions that comprise the conference proceedings, and thus collects some of the latest research on managing financial market risk by top scholars, policymakers, and high-ranking banking officials from around the world.

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Over the last fifty years, increasingly sophisticated risk measurement and management techniques have revolutionized the field of finance. More recently, the globalization of financial markets and policy changes in the regulation of financial institutions have impacted upon how commercial banks manage risk. The widespread implications of these fundamental changes prompted an international conference held in May, 1997, devoted to the topic of risk management and regulation in banking. This book contains the formal papers and the panel discussions that comprise the conference proceedings, and thus collects some of the latest research on managing financial market risk by top scholars, policymakers, and high-ranking banking officials from around the world.
Content:
Front Matter....Pages i-xii
Front Matter....Pages 1-1
Introduction....Pages 1-4
Front Matter....Pages 5-5
Bank Risk Management: Theory....Pages 7-14
Risk Management in Banking: Practice Reviewed and Questioned....Pages 15-43
Front Matter....Pages 45-45
Introduction to Var (Value-At-Risk)....Pages 47-63
A Comparison Between the Bis Standardized Approach and the Internal Models Approach....Pages 65-98
Evaluating Credit Risk: An Option Pricing Approach....Pages 99-114
Nonlinear Value-At-Risk....Pages 115-143
Front Matter....Pages 145-145
A Critique of the Basel Regulations, or How to Enhance (Im) Moral Hazards....Pages 147-158
The Implementation in the UK of the Basel Accord Regarding Market Risk....Pages 159-165
Front Matter....Pages 167-167
Recent US Experience in Regulating Financial Risk....Pages 169-174
A Recent Case History of International Bank Fraud....Pages 175-183
Front Matter....Pages 185-185
Market Risks—the Amendment to the Basel Capital Accord and Internal Model Approach: The Israeli Case....Pages 187-202
Risk Management with Derivatives Traded at the Tel Aviv Stock Exchange....Pages 203-214

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Over the last fifty years, increasingly sophisticated risk measurement and management techniques have revolutionized the field of finance. More recently, the globalization of financial markets and policy changes in the regulation of financial institutions have impacted upon how commercial banks manage risk. The widespread implications of these fundamental changes prompted an international conference held in May, 1997, devoted to the topic of risk management and regulation in banking. This book contains the formal papers and the panel discussions that comprise the conference proceedings, and thus collects some of the latest research on managing financial market risk by top scholars, policymakers, and high-ranking banking officials from around the world.
Content:
Front Matter....Pages i-xii
Front Matter....Pages 1-1
Introduction....Pages 1-4
Front Matter....Pages 5-5
Bank Risk Management: Theory....Pages 7-14
Risk Management in Banking: Practice Reviewed and Questioned....Pages 15-43
Front Matter....Pages 45-45
Introduction to Var (Value-At-Risk)....Pages 47-63
A Comparison Between the Bis Standardized Approach and the Internal Models Approach....Pages 65-98
Evaluating Credit Risk: An Option Pricing Approach....Pages 99-114
Nonlinear Value-At-Risk....Pages 115-143
Front Matter....Pages 145-145
A Critique of the Basel Regulations, or How to Enhance (Im) Moral Hazards....Pages 147-158
The Implementation in the UK of the Basel Accord Regarding Market Risk....Pages 159-165
Front Matter....Pages 167-167
Recent US Experience in Regulating Financial Risk....Pages 169-174
A Recent Case History of International Bank Fraud....Pages 175-183
Front Matter....Pages 185-185
Market Risks—the Amendment to the Basel Capital Accord and Internal Model Approach: The Israeli Case....Pages 187-202
Risk Management with Derivatives Traded at the Tel Aviv Stock Exchange....Pages 203-214
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