Basel III, the Devil and global banking

The new capital adequacy rules by the Basel Committee on Banking Supervision, widely known as Basel III, is a set of regulatory standards. The regulatory activities of the Basel Committee divide into two major epochs: before and after the deep economic and banking crisis of ...

Education and employment in the European Union

the social cost of busines

Education, employment policy, and pensions are inextricably linked and critical to any sort of business or economic revival, let alone success, and all three are addressed in "Education and Employment in the European Union". In the first part of this meticulously researched and highly informative ...

Risk pricing

using quantum electrodynamics for higher order risks

Every industry experiences strategic inflexion points which offer promises as well as threats. The crisis of 2007-2009 has been one of strategic inflexion for the banking industry, and a significant part of the danger came from the fact that risk pricing has been wanting. This ...

Financial boom and gloom

the credit and banking crisis of 2007-2009 and beyond

This title features a case study on Northern Rock; a comprehensive coverage of how and why credit risk escaped management control and supervisory watch; a down to earth explanation of CDOs, CDSs, their business opportunities and their risks; clear explanation of the difference between solvency ...

Globalization's limits

conflicting national interests in trade and finance

So far there has been only praise for globalization. However, the export wave of China's manufacturing machine and, more recently, the Global financial crisis show that Globalization has limits. Globalization, the internationalization of trade, and financial integration are having enormous implications for businesses as ...

Capitalism without capital

Capitalism Without Capital explores the events which took place in the financial markets from September 2008 to March 2009, including the dramatic 'historical week' at Wall Street of September 11, 2008. This book follows on the heels of another book by Dimitris N. Chorafas, Financial ...

Risk aacounting and risk management for accountants

Both Accountants and Auditors are confronted daily with challenges associated with the evaluation of credit risk, market risk, and other exposures. The book provides up-to-date information on the most significant developments in risk management policies and practices. Accountants whose work under International Financial Reporting Standards ...

Stress testing for risk control under basel

The Consultative paper issued by the Basel Committee on Banking Supervision (Basel II) cites the failure of bankers to adequately stress test exposures as a major reason for bad loans. Sample quotes from this crucial document include: "Banks should take into consideration potential future changes ...

IFRS, fair value and corporate governance

the impact on budgets, balance sheets and management accounts

The research conducted by Dr. Chorafas for this book documents that the process of meeting IFRS requirements presents opportunities and challenges to all enterprises. As many companies have found out, abandoning the classical accruals accounting for marking-to-market their transactions and portfolio positions, has not been ...

The management of equity investments

capital markets,equity research,investment decisions and risk management with case studies

The Management of Investments is based on an extensive research project done by the author in 2003 and 2004, in the United States, England, Germany, France, Italy and Switzerland. The author outlines the rules behind the able management of investments by private individuals, banks, and ...

The management of bond investments and trading of debt

Written for managers and professionals in business and industry, and using a minimum of mathematical language, The Management of Bond Investments and the Trading of Debt addresses three key issues: Bondholder's options, risks and rewards in making investments in debt instruments; The dynamics of ...

Economic capital allocation with Basel II

Cost, benefit and implementation procedures

This book is a complimentary follow-on book to Operational Risk Control with Basel II. While the previous book focuses on operational risk, Economic Capital Allocation provides an overview of credit risk within the context of the Basel II accords. The book provides: -Comprehensive coverage of ...

Management risk

the bottleneck is at the top of the bottle

The author outlines the reasons why management risk must be examined within the perspective of each company's business challenges. He suggests there is a synergy between shareholder value and business ethics. He also underlines the importance of honesty, the risks associated with short-sighted management ...

Operational risk control with Basel II

basic principles and capital requirements

Operational risk is present in every enterprise- The many types of operational risk; Why management risk, legal risk, and information technology risk are the most important operational risks; Other key operational risks to which senior management and the back office should pay attention; Identification, monitoring ...

Corporate accountability

with case studies in pension funds and in the banking industry

Corporate accountability must be examined within the perspective of a company's business challenges. There is a synergy between shareholder value and the responsibilities of management. This book is based on an extensive research project done by the author in the 2001 to 2003 timeframe ...

Rating management's effectiveness

with case studies in telecommunications

This book explains why and how management's effectiveness makes the difference between success and failure, in any organization. Based on extensive research in the US, UK, Germany, France, Italy and Switzerland, the author outlines how to be effective, what happens in cases of ineffectiveness ...

Alternative investments and the mismanagement of risk

Modelling the survival of financial and industrial enterprises

advantages, challenges and problems with the internal rating-based (IRB) method

Description: This book analyses the use of modelling in charting the survival of financial and industrial enterprises. The author shows how to use models effectively, and goes on to consider the pitfalls that can occur. The book contains plenty of practical examples, making this a ...