Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field. Different to other books on the topic, it addresses the challenges and opportunities facing the different risk management types in banks, insurance companies, and the corporate sector. Due to the rising volatility in the financial markets as well as political and operational risks affecting the business sector in general, capital adequacy rules are equally important for non-financial companies. For the banking sector, the book emphasizes the modifications implied by the Basel II proposal. The volume has been written for academics as well as practitioners, in particular finance specialists. It is unique in bringing together such a wide array of experts and correspondingly offers a complete coverage of recent developments in risk management.

Bank Risk Management

Basel II and the Effects on the Banking Sector
Conflicts of Interest and Market Discipline in Financial Services Firms
Risk Management and Value Creation in Banks
The New Basel Capital Accord
Value at Rist: Regulatory and Other Applications, Methods, and Criticism
Parsimonious Value at Risk for Fixed Income Portfolios
Risk Budgeting with Value at Risk Limits
Value at Risk, Bank Equity and Credit Risk
Parametric and Nonparametric Estimation of Conditional Return Expectations
Credit Risk Portfolio Modeling: An Overview
Evaluating Credit Risk Models
Estimation of Default Probabilities and Default Correlations
Managing Investment Risks of Institutional Private Equity Investors - The Challenge of Illiquidity
Assessment of Operational Risk Capital
Operational Risk: The Management Perspective
Insurance Risk Management
Catastrophic Events as Threats to Society: Private and Public Risk Management Strategies
New Approaches to Managing Catastrophic Insurance Risk
Alternative Risk Transfer
The Challenge of Managing Longevity Risk
Asset/Liability Management of German Life Insurance Companies: A Value-at-Risk Approach in the Presence of Interest Rate Guarantees
Corporate Risk Management
Risk Management, Corporate Governance and the Public Corporation
Integrating Corporate Risk Management
Value-Based Motives for Corporate Risk Management
Value-Based Corporate Risk Management
Statutory Regulation of the Risk Management Function in Germany: Implementation Issues for the Non-Financial Sector
A Comprehensive Approach to the Measurement of Macroeconomic Exposure
Foreign-Exchange-Risk Management in German Non-Financial Corporations: An Empirical Analysis
Estimating the Exchange Rate Exposure of US Multinational Firms: Evidence from an Event Study Methodology
International Corporate Risk Management: A Comparison of Three Major Airlines
Corporate Risk Management: Real Options and Financial Hedging
The Real Option Value of Operational and Managerial Flexibility in Global Supply Chain Networks
Managing Acquisition-Related Currency Risk Exposures: The E.ON-Powergen Case
Introducing New Risk Classes to Organized Exchanges: The Case of Electricity Derivatives
Was Enron's Business Model Fundamentally Flawed?
"Real" Risk Management: Opportunities and Limits of Consumption-Based Strategies
Capacity Options: Convergence of Supply Chain Management and Financial Asset Management
Systemic Issues of Risk Management
The Key to Risk Management: Management
Economic Risks of EMU
Does Risk Management Make Financial Markets Riskier?
Risk Management, Rational Herding and Institutional Investors: A Macro View
Revitalization of Japanese Banks: Japan's Big Bang Reform.