The Need for Risk Management Systems. The New Regulatory and Corporate Environment. Structuring and Managing the Risk Management Function in a Bank. The New BIS Capital Requirements for Financial Risks. Measuring Market Risk: The VaR Approach. Measuring Market Risk: Extensions of the VaR Approach and Testing the Models. Credit Rating Systems. Credit Migration Approach to Measuring Credit Risk. The Contingent Claim Approach to Measuring Credit Risk. Other Approaches: The Actuarial and Reduced-form Approaches to Measuring Credit Risk. Comparison of Industry-sponsored Credit Models and Associated Back-Testing Issues. Hedging Credit Risk. Managing Operational Risk. Capital Allocation and Performance Measurement. Model Risk. Risk Management in Nonbank Corporations. Risk Management in the Future.
