Risk Management for Central Banks and Other Public Investors (eBook, PDF)

Redaktion: Bindseil, Ulrich

• Format: PDF

Produktbeschreibung

Domestic and foreign financial assets of all central banks and public wealth funds worldwide are estimated to have reached more than 12 trillion US dollars in 2007. How do these institutions manage such unprecedented growth in their financial assets and how have they responded to the 'revolution' of risk management techniques during the last two decades? This book surveys the fundamental issues and techniques associated with risk management and shows how central banks and other public investors can create better risk management systems. Each chapter looks at a specific area of risk management, first presenting general problems and then showing how these materialize in the special case of public institutions. Written by a team of risk management experts from the European Central Bank, this much-needed survey is an ideal resource for those concerned with the increasingly important task of managing risk in central banks and other financial institutions.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 15. Januar 2009
• Englisch
• ISBN-13: 9780511474392
• Artikelnr.: 38213849

Inhaltsangabe

Foreword; Introduction; Part I. Investment Operations of Central Banks and
Other Public Investors: 1. Central banks and other public institutions as
financial investors U. Bindseil; 2. Strategic asset allocation for central
banks and public investors K. Nyholm and M. Koivu; 3. Credit risk modeling
for public institutions' bond portfolios H. van der Hoorn; 4. Risk control
framework, limits, reporting, compliance monitoring, and other risk control
functions A. Manzanares and H. Schwartzlose; 5. Performance measurement and
attribution H. Bourquin, S. Hesselberg and R. Marton; Part II. Collaterised
Lending Operations: 6. Credit risk taking in collaterised lending
operations U. Bindseil and F. Papadia; 7. The collateral and credit risk
mitigation frameworks of central banks E. Tabakis and B. Weller; 8. Risk
mitigation measures and credit risk assessment in central bank policy
operations F. González and P. Molitor; 9. Risk measures for a repo
portfolio E. Heinle and M. Koivu; Part III. Organisational Issues and
Operational Risk Management: 10. Organisational issues relating to the risk
management function of public investors E. Tabakis; 11. Operational risk
management in central banks J.-C. Sevet; Index.