Derivatives: Optimal Risk Control - Hardcover

Malcolm, Fraser; Sharma, Pawan V.; Tanega, Joseph

Hardcover

ISBN 10: 0273635719 ISBN 13: 9780273635710

Publisher: Financial Times Management, 1999

Synopsis

This is the first book to deliver a total strategy for controlling derivatives risk. The strategy is integrated with the organization's wider systems, strategies and culture. Focusing on managing the future and not merely auditing the past, the book is designed to move risk management from a dead weight cost to a driver of value. The authors successfully integrate the key disciplines of finance, management and international law in a model for truly optimal risk control across the whole business

About this title

About the Author

Fraser Malcolm is a Risk Manager at HSBC Midland in London. As a member of the Market Risk Management group situated on HSBC's trading floor, he is responsible for covering the Fixed Income and Credit Trading areas of the bank's activities, including credit derivatives.

Pawan V. Sharma is a lawyer with Morgan, Lewis, and Bockius. Based in the Business and Finance section, his principal areas of practice are cross-border corporate financings, mergers and acquisitions, and UK financial services law. He is coauthor of nine books on finance, risk, and capital market instruments.

Joseph A. Tanega is Dean of the Swiss International Banking School, Basle, Switzerland, a senior Associate Member, St. Anthony's College, Oxford University, and the European Commission consultant on industrial cooperation and project finance to the Russian Nuclear Ministry.

From the Back Cover

A total strategy for minimizing the risks of derivatives Ñ and maximizing the benefits.

* Proven solutions for strengthening organizational control over derivatives trading.
* Linking audit and risk management teams with traders and managers.
* Linking derivative operations with strategic objectives and capabilities.

Derivatives aren't inherently dangerous: it's how they're managed — or mismanaged. Many organizations simply don't know how to effectively supervise their use of derivatives. This book will show them.

It outlines key principles and an integrated, holistic, non-mathematical approach to risk management that any financial manager can use: clear steps to safety for every organization dependent on the use of derivative instruments. Derivatives: Optimal Risk Control presents a start-to-finish strategy for controlling derivatives risk — one that is multi-dimensional, linking audit and risk management teams with traders and managers, and linking derivative operations with strategic objectives and capabilities.

Discover how to clarify the role of every decision-maker vis-a-vis derivatives: the board of directors, senior management, and financial management; learn how to apply basic principles of accountability to risk management; understand and minimize your legal risks; and design an effective strategic response to your future risk-management challenges. For every financial professional working with derivatives or responsible for managing derivatives trading.

Edition details

• Publisher: Financial Times Management
• Publication date: 1999
• Language: English
• ISBN 10: 0273635719
• ISBN 13: 9780273635710
• Binding: Hardcover
• Number of pages: 222