Understanding systemic risk in global financial markets : a professional guide to accounting arbitrations

Understanding systemic risk in global financial markets a professional guide to accounting arbitrations

An accessible and detailed overview of the risks posed by financial institutions Understanding Systemic Risk in Global Financial Markets offers an accessible yet detailed overview of the risks to financial stability posed by financial institutions designated as systemically important. The types of f...

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Detalles Bibliográficos
Otros Autores: Gottesman, Aron, 1970- author (author), Leibrock, Michael, 1966- author
Formato: Libro electrónico
Idioma:Inglés
Publicado: Hoboken, New Jersey : Wiley 2017.
Edición:1st edition
Colección:Wiley finance series.
Materias:
Financial risk management.
Financial crises.
Risk.
Financial institutions.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009630094506719
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • Preface
  • Acknowledgments
  • About the Authors
  • Chapter 1: Introduction to Systemic Risk
  • What Is Systemic Risk?
  • Systemic Risk Drivers
  • Why Systemic Risk Must Be Understood, Monitored, and Managed
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 2: How We Got Here: A History of Financial Crises
  • Introduction
  • Common Drivers of Historical Crises
  • Bursting of Asset Bubbles
  • Banking Crises
  • Sovereign Debt Crisis
  • International Contagion
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 3: The Credit Crisis of 2007-2009
  • Introduction
  • Planting the Seeds of a Bubble: The Early 2000s
  • Wall Street's Role
  • The U.S. Government Takeover of the GSEs
  • The Tipping Point: Lehman Brothers' Failure
  • Aftermath of the Credit Crisis
  • Cost of Government Bailouts
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 4: Systemic Risk, Economic and Behavioral Theories: What Can We Learn?
  • Introduction
  • Minsky Three-Part Model
  • Debt Deflation Cycle
  • Benign Neglect
  • Behavioral Theories
  • Risk Aversion Bias
  • Asset Prices
  • Homogeneous Expectations versus Heterogeneity
  • Anchoring Heuristic
  • Excessive Optimism
  • Familiarity Bias
  • Fallacy of Composition
  • Fight or Flight
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 5: Systemic Risk Data
  • Introduction
  • Key Data Attributes
  • Key Policy Changes to Address Data Gaps
  • Data Sources
  • Data Collection Challenges and Remaining Gaps
  • Move Toward Standardization: Legal Entity Identifier Initiative
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 6: Macroprudential versus Microprudential Oversight
  • Introduction
  • A Comparison of Macroprudential versus Microprudential
  • Microprudential Policies
  • Macroprudential Policies
  • A Historical Perspective on Macroprudential Tools.
  • Choice of Macroprudential Policy Tools
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 7: Introduction to the U.S. Regulatory Regime
  • Introduction
  • Who Are the Regulators?
  • U.S. Regulatory Approaches
  • Comparison of U.S. versus International Financial Regulatory Regimes
  • Introduction to the Dodd-Frank Act
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 8: Introduction to International Regulatory Regimes
  • Introduction
  • The Financial Stability Board
  • The Basel Accords
  • The European Systemic Risk Board
  • Principles for Financial Market Infrastructures
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 9: Systemically Important Entities
  • Introduction
  • Introduction to Systemically Important Entities
  • Classification of Entities as Systemically Important by the FSOC
  • Bank SIFIs
  • Nonbank SIFIs
  • SIFMUs
  • Globally Systemically Important Banks
  • Total Loss-Absorbing Capacity (TLAC) Requirements
  • Broad Impact of Financial Stability Requirements
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 10: The Volcker Rule
  • Introduction
  • Introduction to the Volcker Rule
  • The Volcker Rule: Details
  • Prohibition of Proprietary Trading
  • Prohibition of Ownership or Sponsorship of Hedge Funds and Private Equity Funds
  • The Volcker Rule and Systemically Risky Nonbank Financial Companies
  • Activities That Are Permitted Despite the Volcker Rule
  • Implementation of the Volcker Rule
  • Volcker Rule: Criticism
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 11: Counterparty Credit Risk
  • Introduction
  • Overview of Derivative Securities
  • Counterparty Exposure
  • How Counterparty Credit Risk Is Managed
  • Collateral
  • Netting
  • Central Counterparties
  • Counterparty Credit Risk and Systemic Risk
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 12: The Dodd-Frank Act and Counterparty Credit Risk.
  • Introduction
  • Measuring Counterparty Exposure in the OTC Derivatives Market
  • Overview of Historical Data
  • The Evolution of the U.S. Regulatory Approach toward OTC Derivatives
  • Key Provisions of Title VII of the Dodd-Frank Act
  • Mandatory Clearing
  • Execution Platforms and Data Repositories
  • Registration Requirements
  • The Push-Out Rule
  • The End User Exemption
  • Criticism of Title VII of the Dodd-Frank Act
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 13: The Basel Accords
  • Introduction
  • What Are the Basel Accords?
  • The Approach of the Basel Accords
  • Basel I
  • Basel II
  • Pillar 1: Minimum Capital Requirements
  • Pillar 2: Supervisory Review
  • Pillar 3: Market Discipline
  • Basel II.5
  • Basel III
  • The Continuing Evolution of the Basel Accords
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 14: Lender of Last Resort
  • Introduction
  • Lender of Last Resort Concept
  • Henry Thornton, Walter Bagehot, and Alternative Views
  • The Fed's Role in the Great Depression
  • The Credit Crisis of 2007-2009
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 15: Interconnectedness Risk
  • Introduction
  • A Case Study of Interconnectedness
  • Interconnectedness Categories
  • The Depository Trust &amp
  • Clearing Corporation
  • Post-Crisis Regulatory View of Interconnectedness
  • Basel Committee on Banking Supervision
  • Office of Financial Research
  • CPMI IOSCO Principles
  • An Approach to Analyzing Interconnectedness Risk
  • The Depository Trust &amp
  • Clearing Corporation
  • Key Points
  • Knowledge Check
  • Notes
  • Chapter 16: Conclusion: Looking Ahead
  • It's Not a Question of If, but When, Where, and How
  • A Summary of Global Surveys
  • Sources of Systemic Risk
  • Preparing for the Next Crisis
  • Notes
  • Appendix: Systemic Risk Models
  • Introduction
  • Structural versus Reduced-Form Credit Models.
  • Contingent Claims and Default Models
  • Merton versus Garch
  • Studies in Support of Merton
  • Macroeconomic Measures
  • Probability Distribution Measures
  • Illiquidity Measures
  • Counterparty Risk Measures
  • Behavioral Models
  • Notes
  • Solutions to the Knowledge Check Questions
  • Index
  • EULA.

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