Risk Management Technology in Financial Services

Written for professionals in financial services with responsibility for IT and risk management, Dimitris Chorafas surveys the methodology required and IT systems and structures to support it according to Basel II. The book is consistent ...

Risk Management Technology in Financial Services

Written for professionals in financial services with responsibility for IT and risk management, Dimitris Chorafas surveys the methodology required and IT systems and structures to support it according to Basel II. The book is consistent with the risk management certification process of GARP, as well as the accounting rules of IFRS, based on research the author conducted with IASB. The author provices an in-depth discussion of the types of risk, stress analysis and the use of scenarios, mathematical models, and IT systems and infrastructure requirements. * Written in clear, straightforward style for financial industry executives to provide necessary information for risk control decisionmaking * Consistent with GARP, IFRS and IASB risk management processes and procedures * Explains stress testing and its place in risk control

Financial Cybersecurity Risk Management

This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals.

Financial Cybersecurity Risk Management

Understand critical cybersecurity and risk perspectives, insights, and tools for the leaders of complex financial systems and markets. This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals. Information is provided to help in the analysis of cyber challenges and choosing between risk treatment options. Financial cybersecurity is a complex, systemic risk challenge that includes technological and operational elements. The interconnectedness of financial systems and markets creates dynamic, high-risk environments where organizational security is greatly impacted by the level of security effectiveness of partners, counterparties, and other external organizations. The result is a high-risk environment with a growing need for cooperation between enterprises that are otherwise direct competitors. There is a new normal of continuous attack pressures that produce unprecedented enterprise threats that must be met with an array of countermeasures. Financial Cybersecurity Risk Management explores a range of cybersecurity topics impacting financial enterprises. This includes the threat and vulnerability landscape confronting the financial sector, risk assessment practices and methodologies, and cybersecurity data analytics. Governance perspectives, including executive and board considerations, are analyzed as are the appropriate control measures and executive risk reporting. What You’ll Learn Analyze the threat and vulnerability landscape confronting the financial sector Implement effective technology risk assessment practices and methodologies Craft strategies to treat observed risks in financial systems Improve the effectiveness of enterprise cybersecurity capabilities Evaluate critical aspects of cybersecurity governance, including executive and board oversight Identify significant cybersecurity operational challenges Consider the impact of the cybersecurity mission across the enterprise Leverage cybersecurity regulatory and industry standards to help manage financial services risks Use cybersecurity scenarios to measure systemic risks in financial systems environments Apply key experiences from actual cybersecurity events to develop more robust cybersecurity architectures Who This Book Is For Decision makers, cyber leaders, and front-line professionals, including: chief risk officers, operational risk officers, chief information security officers, chief security officers, chief information officers, enterprise risk managers, cybersecurity operations directors, technology and cybersecurity risk analysts, cybersecurity architects and engineers, and compliance officers

Risk Management in Electronic Banking

This book, based on international standards, provides a one-step reference to all aspects of risk management in an electronic banking environment.

Risk Management in Electronic Banking

This book, based on international standards, provides a one-step reference to all aspects of risk management in an electronic banking environment.

Management of Financial Services

IN. RISK. MANAGEMENT. The role of technology in every service area has
increased. For example, we can now book ... The role of technology is significant
and useful in all the financial services, which are increasingly dependent upon its
use ...

Management of Financial Services

The financial services sector is witnessing rapid changes and innovations―so much so that existing books are hardly able to keep up with the rapid developments in the entire gamut of financial services. This book aims to fill this gap by covering the most recent developments and new products in the sector. Closely following the syllabus of MBA UGC curriculum and PGDM, the book has a single-window approach, that is, to meet the total requirement of students in this subject area in a single book Key Features • Full coverage of MBA, UGC & PGDM syllabus • Contemporary developments, directives of regulatory authorities and recent changes in practices • Real time media reactions echoing the reactions of the investors and general public to the developments • Live examples and real case studies • Examination-oriented questions with answers, as well as frequently asked interview questions with answers

Enterprise Risk Management in Financial Services Industry

This book is about how Enterprise Risk Management (ERM) is evolving in the financial services industry.

Enterprise Risk Management in Financial Services Industry

This book is about how Enterprise Risk Management (ERM) is evolving in the financial services industry. Key risk management issues facing financial service firms include: Risk Governance, Regulatory and Economic Capital, Credit Risk Management, Market Risk and Asset/Liability Management, Operational Risk Management, Risk Systems and Technology. ERM is being used by financial institutions seeking better decision-making, greater shareholder value, and stronger internal controls. ERM can simultaneously improve a company's financial performance, manage its risk profile and provide better risk disclosures to boards, shareholders, regulator, and rating agencies. It is not only external pressures (such as Sarbanes Oxley), which are giving an impetus to ERM, but also a growing realisation within companies that it can be used as a tool for creating shareholder value. The growing seriousness of ERM initiatives is also helping to formalise the linkage between a company's business operations and its overall risk management program. This first part of the book covers conceptual issues. The second illustrates these concepts, using case studies on well known financial institutions such as, Lehman Brothers, Royal Bank of Canada, ING Group, Comerzbank, Lloyds TSB, BNP Paribas, ABN AMRO, Credit Suisse, DBS Group, Dresdner Bank, Bank of Scotia, Standard Chartered andAmerican Express. It is hoped that the book will be very useful to students, academics and bankers, wanting to know more about ERM.

Global Risk Management

Contains articles presented at a conference which was held on April 20, 2001 at the Fox School under the auspices of the Institute of Global Management Studies (IGMS) and the Advanta Center for Financial Services Studies, as the Second ...

Global Risk Management

Contains articles presented at a conference which was held on April 20, 2001 at the Fox School under the auspices of the Institute of Global Management Studies (IGMS) and the Advanta Center for Financial Services Studies, as the Second Annual International Business Forum sponsored by the IGMS.

Credit Risk Management for Indian Banks

This is the first book of its kind, which is exclusively targets the practical needs of Indian bankers.

Credit Risk Management for Indian Banks

Credit Risk Management for Indian Banks is a one-stop reference book for practising credit risk professionals in the Indian banking sector. This is the first book of its kind, which is exclusively targets the practical needs of Indian bankers. It lays more emphasis on the ground realities of Indian banking and enunciates principles and guidelines of credit risk management based on real-life situations.

Handbook of Technology in Financial Services

Risk Management Tools Risk management is one of the hottest segments in the
financial services industry with respect to the application of technology . Demand
for tools for assessing and reporting market risk and credit risk is skyrocketing ...

Handbook of Technology in Financial Services

The calculus of IT support for the banking, securities and insurance industries has changed dramatically and rapidly over the past few years. Unheard of just a few years ago, corporate intranets are now used for everything from job postings to enhanced team communications. Whole new departments are being created to support e-commerce. And the Internet/Intranet/Extranet triple-whammy is the most critical component of most financial IT shops. At the same time, new intelligent agents stand ready to take on such diverse functions as customer profiling and data mining. Get a handle on all these new and newer ripples with Handbook of Technology in Financial Services. Here, in this exhaustive new guide and reference book, industry guru Jessica Keyes gives you the no-nonsense scoop on not just the tried and true IT tools of today, but also the up-and-coming "hot" technologies of tomorrow, and how to plan for them. Keyes gives you extensive, example-driven explanations of such topics as: digital check imaging and Internet-based billing e-commerce and Internet banking portfolio management systems for the 21st century GIS technology in financial services and much more. Focusing on problems from both a technology perspective and a business perspective, the Handbook also addresses challenges and solutions associated with: supporting the self-service revolution by servicing kiosks and ATMs efficiently and economically straight-through processing for the securities industry outsourcing business communications in the insurance industry distributed integration as a cost-effective alternative to data warehousing and putting inbound fax automation to work in financial organizations. Packed with real-world case-studies and practical solutions to problems confronting financial services IT managers every day of the week, Handbook of Technology in Financial Services covers everything from system security to IT support for the Web marketing of financial services. In short, it is a compendium of essential information no professional can afford to be without.

Handbook of Blockchain Digital Finance and Inclusion

This encourages more innovation of financial products and services to be made
available to the consumers. ... In assessing the quality of technology risk
management by the financial institutions within the CRAFT, MAS had since
March 2001 ...

Handbook of Blockchain  Digital Finance  and Inclusion

Handbook of Digital Finance and Financial Inclusion: Cryptocurrency, FinTech, InsurTech, Regulation, ChinaTech, Mobile Security, and Distributed Ledger explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets. Contributors go beyond summaries of standard models to describe new banking business models that will be sustainable and likely to dictate the future of finance. The book not only emphasizes the financial opportunities made possible by digital banking, such as financial inclusion and impact investing, but also looks at engineering theories and developments that encourage innovation. Its ability to illuminate present potential and future possibilities make it a unique contribution to the literature. A companion Volume Two of The Handbook of Digital Banking and Financial Inclusion: ChinaTech, Mobile Security, Distributed Ledger, and Blockchain emphasizes technological developments that introduce the future of finance. Descriptions of recent innovations lay the foundations for explorations of feasible solutions for banks and startups to grow. The combination of studies on blockchain technologies and applications, regional financial inclusion movements, advances in Chinese finance, and security issues delivers a grand perspective on both changing industries and lifestyles. Written for students and practitioners, it helps lead the way to future possibilities. Explains the practical consequences of both technologies and economics to readers who want to learn about subjects related to their specialties Encompasses alternative finance, financial inclusion, impact investing, decentralized consensus ledger and applied cryptography Provides the only advanced methodical summary of these subjects available today

Changes in the Life Insurance Industry Efficiency Technology and Risk Management

Efficiency, Technology, and Risk Management J. David Cummins, Anthony M.
Santomero ... turbulence from the accelerating confluence of financial services
such as banking, savings and loans, investment management, and other
insurance.

Changes in the Life Insurance Industry  Efficiency  Technology and Risk Management

This text analyzes the determinants of firm performance in the life insurance industry by identifying the "best practices" employed by leading insurers to succeed in this dynamic business environment.

Operations in Financial Services

Operations in Financial Services establishes a framework for this research area from an operations management perspective.

Operations in Financial Services

Operations in Financial Services establishes a framework for this research area from an operations management perspective. The first section presents an introduction and provides an overview of the topic. The second section establishes links between the current state of the art in relevant areas of operations management and operations research and three of the more important aspects of operations in financial services - (i) financial product design and testing, (ii) process delivery design, and (iii) process delivery management. The third section focuses on the current issues that are important in the financial services operations area. These issues center primarily on mobile online banking and trading in a global environment. The fourth section discusses operational risk aspects of financial services. The final section concludes with a discussion on research directions that may become of interest in the future.

Professional s Handbook of Financial Risk Management

Nonetheless, there are ways to distinguish among the providers and risk
management technology offerings. ... are at least three types of providers: Ω Risk
software vendors Ω Integration software vendors and Ω Financial services
institutions.

Professional s Handbook of Financial Risk Management

Professional's Handbook of Financial Risk Management is a major reference work in finance. A complete practical reference book covering all aspects of financial risk management including an in-depth look at operational risk management, regulation, risk-based capital, and risk adjusted performance measurement. The book focuses on practical financial risk management techniques and solutions, and is designed to guide the risk professional step-by-step through the implementation of a firm-wide risk management framework. This book covers the various roles of the risk management function. Rather than describing every possible role in exhaustive detail, the authors have provided a story line for each of the discussed topics, including practical issues that a risk manager needs to consider when tackling the subject, possible solutions to difficulties that might be encountered, background knowledge that is essential to know, and more intricate practices and techniques that are being used. By providing these fundamentals, the novice risk professional can gain a thorough understanding of the topic in question while the more experienced professional can use some of the more advanced concepts within the book. Thus the book can be used to broaden your own knowledge of the risk world, both by familiarizing yourself with areas in which you lack experience and by enhancing your knowledge in areas that you already have expertise. All authors are leaders in their field who between them have the expertise and knowledge, both practical and theoretical, to produce this definitive risk management guide. The editors of this book, Marc Lore and Lev Borodovsky, are senior financial risk managers at Sanwa Bank (International) London, and Credit Suisse First Boston, USA respectively. They also run The Global Association of Risk Professionals (GARP), the industry association for financial risk management practitioners and researchers. Endorsed by GARP - Global Association of Risk Professionals Authored and edited by leading financial markets risk professionals International in coverage; the concepts and methods covered are not specific to any country or institution, but rather to the risk management profession as a whole

Identifying Software Project Risks in the Canadian Financial Services Sector

Whereas Peterson and Kim (2003) focused on IS risk perceptions, Levine (2004)
dealt with overcoming risky technology implementations through integrated risk
management wherein the former's findings are just one of the many factors to ...

Identifying Software Project Risks in the Canadian Financial Services Sector

Abstract (Summary) Frequent occurrence of software project failures has created two general streams of research. One theme analyzed the common causes of cost overruns, late schedules, and unmet scope. With the belief that project failures are avoidable through proactive means, another group of researchers investigated software project risks. With such intent, comparative studies were conducted in Finland, Hong Kong, and the United States. Subsequent research in Nigeria determined the impact of the socioeconomic context. To further extend the coverage of prior studies, the research in the current study focused specifically on the Canadian financial services sector. Project managers were solicited for input to discover, determine, and rank risk factors in software projects using the same research design that was used in previous comparative research studies--a three-phase Delphi survey that uses nonparametric statistical techniques. In sharp contrast to prior studies, however, this research aimed not for general applications of the results at the country level but for specific collective relevance to software projects in banks, trust companies, insurance companies, mutual fund companies, and similar organizations. The composite rankings of the studies in Hong Kong, Finland, and the United States listed lack of management commitment, inability to get user commitment, and misunderstanding of the requirements as the top three risk items in software projects. Given that only the misunderstanding of requirements made it into the top three risk items in Nigeria, it would be of value to scholars and practitioners to determine how the results would differ if the study was conducted in a specific sector in the industry. Except for one risk factor (lack of dedicated, full-time project resources), this study confirmed that the previous list of risk factors captured the top risk factors in the Canadian financial services sector.

Introduction to Derivatives and Risk Management

This leading text gives students a solid understanding of financial derivatives and their use in managing the risks of financial decisions.

Introduction to Derivatives and Risk Management

This leading text gives students a solid understanding of financial derivatives and their use in managing the risks of financial decisions. AN INTRODUCTION TO DERIVATIVES AND RISK MANAGEMENT, 9E provides a blend of institutional material, theory, and practical applications. The latest financial information throughout this edition and timely updates on the text’s website ensure your course reflects the most recent changes in one of the most volatile sectors of today’s financial world. You’ll find detailed coverage of options, futures, forwards, swaps, and risk management as well as a balanced introduction to pricing, trading, and strategy. A variety of practical end-of-chapter applications, memorable examples from real businesses, and minimal use of technical mathematics keep the text accessible and engaging for students. Stock-Trak software, available with each new text, provides additional value and practical application opportunities for your students. Approximately 25 PowerPoint slides per chapter highlight tables and figures with useful hyperlinks that allow you to jump to the table or figure and back again without breaking the flow of your lecture. The online Solutions Review Manual gives your students a useful online review tool, providing answers to the end-of-chapter problems, as well as the step-by-step solutions, so students can check their own work and determine exactly where they may have made errors. New Test Bank questions help you better evaluate your students’ understanding of the text’s concepts. You’ll find a variety of more than 300 questions within this proven Test Bank. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Financial Risk Management Instruments for Renewable Energy Projects

Division of Technology, Industry, and Economics. This study proposes that there
... New financial risk management approaches and instruments are evolving and
can be adapted to meet the needs of the RE sector. These include; risk finance ...

Financial Risk Management Instruments for Renewable Energy Projects

Appropriate risk management tools can help remove some of the barriers to financing Renewable Energy Technology (RET) projects, particularly in developing countries where risk and risk perceptions are highest. That is why UNEP is working on a comprehensive overview of currently available and potential financial risk management instruments for Renewable Energy Technology (RET) projects. This study will pave the way for an upcoming GEF project that will promote the use of financial risk management instruments that favor the development of RETs.

Managing Information Assurance in Financial Services

Considering the evolution and current status of security risk management, we can
find that although financial services institutions have thought much of the e-
commerce security risk management and accumulated a lot of experiences and
rules, these ... Common Criteria for Information Technology Security Evaluation),
Risk Management Principles for Electronic Banking by Basel Committee on
Banking ...

Managing Information Assurance in Financial Services

"This book provides high-quality research papers and industrial practice articles about information security in the financial service industry. It provides insight into current information security measures, including: technology, processes, and compliance from some of the leading researchers and practitioners in the field"--Provided by publisher.

Advanced Financial Risk Management

"The book is very comprehensive in that it includes an in-depth discussion across a broad cross section of asset classes. The use of case studies as well as drawing on the authors' own experience greatly enhances the value of the book.

Advanced Financial Risk Management

Practical tools and advice for managing financial risk, updated for a post-crisis world Advanced Financial Risk Management bridges the gap between the idealized assumptions used for risk valuation and the realities that must be reflected in management actions. It explains, in detailed yet easy-to-understand terms, the analytics of these issues from A to Z, and lays out a comprehensive strategy for risk management measurement, objectives, and hedging techniques that apply to all types of institutions. Written by experienced risk managers, the book covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Revised and updated with lessons from the 2007-2010 financial crisis, Advanced Financial Risk Management outlines a framework for fully integrated risk management. Credit risk, market risk, asset and liability management, and performance measurement have historically been thought of as separate disciplines, but recent developments in financial theory and computer science now allow these views of risk to be analyzed on a more integrated basis. The book presents a performance measurement approach that goes far beyond traditional capital allocation techniques to measure risk-adjusted shareholder value creation, and supplements this strategic view of integrated risk with step-by-step tools and techniques for constructing a risk management system that achieves these objectives. Practical tools for managing risk in the financial world Updated to include the most recent events that have influenced risk management Topics covered include the basics of present value, forward rates, and interest rate compounding; American vs. European fixed income options; default probability models; prepayment models; mortality models; and alternatives to the Vasicek model Comprehensive and in-depth, Advanced Financial Risk Management is an essential resource for anyone working in the financial field.

Financial Services

The advisory services range in under ( 1 ) strategic consulting / strategy practice ,
( 2 ) risk management practice , ( 3 ) regulatory ... The client segment focus is on
the following sectors , based on the needs of different organisations : ( i ) banking
and financial services , ( ii ) ... hospitality , ( vii ) Information technology , ( viii ) Oil
and gas ( ix ) , Infrastructure , ( x ) Cement , ( xi ) Textiles , ( xii ) Pharmaceuticals ...

Financial Services


Advances in Banking Technology and Management Impacts of ICT and CRM

National Institute of Standards and Technology. GartnerGroup RAS Services. (
1999). Intrusion detection systems. R-08-7031. Glaessner, T., Kellermann, T., &
McNevin, V. (2002). Electronic security: Risk mitigation in financial transactions.

Advances in Banking Technology and Management  Impacts of ICT and CRM

Banking across the world has undergone extensive changes thanks to the profound influence of developments and trends in information communication technologies, business intelligence, and risk management strategies. While banking has become easier and more convenient for the consumer, the advances and intricacies of emerging technologies have made banking operations all the more cumbersome. Advances in Banking Technology and Management: Impacts of ICT and CRM examines the various myriads of technical and organizational elements that impact services management, business management, risk management, and customer relationship management, and offers research to aid the successful implementation of associated supportive technologies.

MANAGEMENT OF FINANCIAL INSTITUTIONS

Written in a highly readable style, this book provides in-depth coverage of the concepts of management of financial institutions, focusing primarily on the banking sector and risk management.

MANAGEMENT OF FINANCIAL INSTITUTIONS

Written in a highly readable style, this book provides in-depth coverage of the concepts of management of financial institutions, focusing primarily on the banking sector and risk management. Divided into five parts, the text first looks at the framework of the Indian financial sector and examines the significance of various financial intermediaries. It then moves on to explain in detail the products and financial statements of banks and their methods of performance analysis. The book exposes the students to various risks faced by financial institutions and elaborates on the process of risk management. It analyzes the regulatory framework for financial institutions and discusses their capital management with emphasis on both the first and second Basel accords. In addition, the text provides a thorough exposition of the Indian banking industry in the light of latest trends, data and RBI regulations. KEY FEATURES  Facilitates easy understanding of theory with the help of a number of figures, tables, graphs and worked-out examples.  Highlights the key concepts in boxes throughout the text.  Incorporates chapter-end questions and problems, case studies and computer-based exercises to help students master the concepts. This book is designed for a course in Management of Financial Institutions, offered to postgraduate students of management programmes (Finance and Banking) and commerce. It will also be useful to practising bankers and risk managers.