Financial Risk Management: From Metrics to Human Conduct (The Wiley Finance Series) - Hardcover

Maurer, Frantz

Hardcover

ISBN 10: 1119885299 ISBN 13: 9781119885290

Publisher: Wiley, 2024

Synopsis

Protect your organization against financial misconduct

In Financial Risk Management: From Metrics to Human Conduct, Frantz Maurer delivers a thorough and practical review of the core methods used by professionals in the real world to reduce the risk of financial misconduct. Starting with the key points of banking regulation, the author then describes in simple terms the most extensively used risk metrics in the banking industry. Readers can fully grasp and implement the techniques discussed within without a strong background in probabilities or statistics. The last part of the book focuses on conduct risk markers and show how to implement a conduct risk index that benchmarks the conduct of natural risk-takers like traders.

The author describes how to marry this simple approach to financial risk with a conduct risk index that benchmarks the conduct of natural risk-takers, like traders.

Readers will also find:

• Step-by-step guidance on how to apply common risk indicators to real-world situations
• Actionable advice for improving the resilience of financial institutions against individual misconduct and misbehavior

A holistic and non-quantitative approach to a subject of critical importance, Financial Risk Management: From Metrics to Human Conduct will earn a place in the libraries of risk managers, compliance professionals, and master's level students in business administration and finance.

About this title

About the Author

FRANTZ MAURER is a Professor of Finance and the head of the accounting, finance and economics department at KEDGE Business School. He has also taught at HEC Paris, the University of Bordeaux, ESCP Business School, and University Paris Saclay.

From the Back Cover

PRAISE FOR
FINANCIAL RISK MANAGEMENT

“Frantz reviews Risk Management in the light of a number of recent events where ‘behavior risk’ was much more costly for the financial institution than any type of model misspecification. An intelligent book offering a new and necessary avenue to think about financial risks.”
―Helyette Geman, Department of Applied Mathematics, Johns Hopkins University

“Frantz experience and views on conduct are really refreshing. The book provides a good mix of lessons learned from real life examples and robust approaches to deal effectively with one of the bigggest challenges in financial services: ensuring that people behave and conduct themselves appropriately by finding the right balance between personal, clients and firm interests.”
―Pierre Pourquery, Partner at EY, UK Head of Capital Markets, European lead of the digital assets solution for Banking Capital Markets

“A book every aspiring manager and risk taker in bank should have read and re-read.”
―Pascal Quiry, active investor and BNP Paribas professor of finance, HEC Paris

From the Inside Flap

Since 2009, European and North American banks have paid out approximately $394 billion in penalties and fines for compliance violations. Many of these losses came as the result of misconduct by banking officials at all levels of the organizations involved.

In Financial Risk Management: From Metrics to Human Conduct, Frantz Maurer delivers an incisive and practical guide to the deployment of an effective risk management approach that addresses both financial risk and the risk of misconduct by the people in your firm.

With a strong focus on the core methods actually used by compliance and risk professionals in the real world, this book explores methods like Value-at-Risk and Expected Shortfall to explain how you can address the most relevant and significant financial risks facing your company today.

Financial Risk Management employs a pragmatic and non-quantitative approach to the subject, allowing you to understand key risk measurement and management strategies without the need for complex mathematics. It also describes methods you can implement immediately to catch the early-warning signals of employee misconduct that could give rise to catastrophic losses and penalties.

Perfect for master’s level students in business administration and finance, this book will also benefit risk managers, compliance officers and personnel, and other practitioners operating within financial institutions.

Edition details

• Publisher: Wiley
• Publication date: 2024
• Language: English
• ISBN 10: 1119885299
• ISBN 13: 9781119885290
• Binding: Hardcover
• Edition number: 1
• Number of pages: 224