Wiley Series in Financial Engineering - 1: Risk Management and Analysis

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In the two years since the previous publication, interest in managing, modeling, and controlling financial risks has surged. The editor has created two companion volumes, with only a third of the original material retained. This volume is organized into four parts: the first three chapters explore standard methods for measuring and modeling financial risk from a risk manager's perspective, while Chapters 4 and 5 focus on quantitative risk analysts responsible for implementing these systems. Chapters 6 and 7 address critical issues in IT and systems design, and the final chapters discuss pricing and risk management of credit-risky products. Contributions come from leading experts in the field, including Michel Crouhy, Dan Galai, and Robert Mark, among others. The importance of risk management has grown for financial institutions, fund managers, and corporate treasurers, shifting the focus of top quantitative analysts from exotic derivatives to risk management. This volume compiles nine articles on various aspects of risk management and analysis, covering topics such as the regulatory framework, volatility and correlation models, value at risk, and credit risk, making it a valuable reference for market participants and students alike.