Validation of risk management models for financial institutions, theory and practice, edited by David Lynch, Iftekhar Hasan, Akhtar Siddique
Type
Label
Validation of risk management models for financial institutions, theory and practice, edited by David Lynch, Iftekhar Hasan, Akhtar Siddique
Language
eng
Index
index present
Literary Form
non fiction
Main title
Validation of risk management models for financial institutions
Medium
electronic resource
Nature of contents
dictionaries
Oclc number
1311490051
Responsibility statement
edited by David Lynch, Iftekhar Hasan, Akhtar Siddique
Series statement
Cambridge Social Sciences eBooks
Sub title
theory and practice
Summary
Financial models are an inescapable feature of modern financial markets. Yet it was over reliance on these models and the failure to test them properly that is now widely recognized as one of the main causes of the financial crisis of 2007-2011. Since this crisis, there has been an increase in the amount of scrutiny and testing applied to such models, and validation has become an essential part of model risk management at financial institutions. The book covers all of the major risk areas that a financial institution is exposed to and uses models for, including market risk, interest rate risk, retail credit risk, wholesale credit risk, compliance risk, and investment management. The book discusses current practices and pitfalls that model risk users need to be aware of and identifies areas where validation can be advanced in the future. This provides the first unified framework for validating risk management models.--, Provided by publisher
Subject
Content
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Incoming Resources
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