Financial Risk Management: An End User Perspective

by Don M Chance

Overview

In the field of financial risk management, the 'sell side' is the set of financial institutions who offer risk management products to corporations, governments, and institutional investors, who comprise the 'buy side'. The sell side is often at a significant advantage as it employs quantitative experts who provide specialized knowledge. Further, the existing body of knowledge on risk management, while extensive, is highly technical and mathematical and is directed to the sell side.This book levels the playing field by approaching risk management from the buy side instead, focusing on educating corporate and institutional users of risk management products on the essential knowledge they need to be an intelligent buyer. Rather than teach financial engineering, this volume covers the principles that the buy side should know to enable it to ask the right questions and avoid being misled by the complexity often presented by the sell side.Written in a user-friendly manner, this textbook is ideal for graduate and advanced undergraduate classes in finance and risk management, MBA students specializing in finance, and corporate and institutional investors. The text is accompanied by extensive supporting material including exhibits, end-of-chapter questions and problems, solutions, and PowerPoint slides for lecturers.

Product Details

ISBN-13:	9789811202674
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	11/25/2019
Pages:	860
Product dimensions:	6.69(w) x 9.61(h) x 1.71(d)

Table of Contents

Introduction and Overview; Understanding the Nature of Risk; Principles of Risk, Return, and Financial Decision Making; Basic Concepts of Financial Risk Management; The Financial Risk Management Environment; The Value of Financial Risk Management; Measuring Market Risk; Managing Market Risk with Forward and Futures Contracts; Managing Market Risk with Swaps; Managing Market Risk with Options; Managing Credit Risk; Managing Operational and Other Risks; Accounting and Disclosure in Financial Risk Management; Organizational Structure, Corporate Governance, and Financial Risk Management