Sách The Essentials of Risk Management 2005 (Sự cần thiết của quản trị rủi ro)

Contents
Foreword, by Anthony Orsatelli vii
Prologue ix
Chapter 1
Risk Management—A Helicopter View 1
Appendix to Chapter 1: Typology of Risk Exposures 25
Chapter 2
Corporate Risk Management—A Primer 37
Chapter 3
Banks and Their Regulators—The Research Lab for Risk
Management? 55

Chapter 4
Corporate Governance and Risk Management 83
Chapter 5
A User-Friendly Guide to the Theory of Risk and Return 109
Chapter 6
Interest-Rate Risk and Hedging with Derivative Instruments 12
Chapter 7
From Value at Risk to Stress Testing 149
Chapter 8
Asset-Liability Management 181

Chapter 9
Credit Scoring and Retail Credit Risk Management 207
Chapter 10
Commercial Credit Risk and the Rating of Individual Credits 2
Chapter 11
New Approaches to Measuring Credit Risk 257
Chapter 12
New Ways to Transfer Credit Risk—And Their Implications 29
Chapter 13
Operational Risk 325
Chapter 14
Model Risk 347
Chapter 15
Risk Capital Attribution and Risk-Adjusted
Performance Measurement 363
Epilogue
Trends in Risk Management 387
Index 399

FOREWORD
Growth and profitability are exciting words for investors and stake-
holders in companies all over the world. Yet they can be illusory and
destructive measures of performance in the absence of risk control and risk
management.
At IXIS Corporate and Investment Bank, the investment banking di-
vision of Groupe Caisse d’Epargne, one of France’s leading universal
banks, we have a tradition of understanding the critical relationship be-
tween risk and reward.
On the one hand, we are a long-established banking organization that
is proud of its continuity, long-lasting business relationships, and conser-
vative sense of discipline, all of which combine to offer the considerable
business advantage of robust credit ratings from the leading agencies.
On the other hand, over the last few years, the company has actively
restructured and positioned itself to play a leading role in the consolida-
tion of the banking industry and in new banking activities. Not least, our
investment banking division is recognized as a leading player in some of
the world’s most innovative risk management and derivative and structured
products markets, such as inflation-indexed securities, securitization of res-
idential and commercial mortgages in the United States, and collateralized
debt obligations.