Risk Management of Financial Derivatives

Risk Management of Financial Derivatives

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Provides a framework for evaluating the adequacy of risk management practices of derivative dealers and end-users. More technical information on the various aspects of derivatives risk management, such as evaluating statistical models, is available in the appendix. Separate examination procedures, internal control questions, and verification procedures are provided for dealers and end-users. The examination procedures are designed to be comprehensive. These guidelines and procedures focus principally on off-balance-sheet derivatives and structured notes.Banks should insure that operating policies and procedures are developed and regularly updated. Procedures manuals can take different forms, but their detail should be commensurate with the nature of derivative activities. Policies andanbsp;...

Title:Risk Management of Financial Derivatives
Author:Barry Leonard
Publisher:DIANE Publishing - 1999-06


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