Effective Market Risk
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Market risk is one of the most studied and important elements of financial risk within the financial system. This course provides a current and detailed overview of the state of market risk management including measurement, policy and key controls. It looks at the techniques of market risk management and critically examines their limitations and mitigations. Adjuncts such as stress and scenario testing are reviewed along with important topics such as model risk management. The course also looks at the lessons learned from the credit crunch and how this is influencing policy in market risk management.
ATTEND THIS INTENSIVE TWO-DAY TRAINING COURSE AND BENEFIT FROM:
- A critical look at risk and how it can be managed and controlled
- Understanding and justifying current best practice in risk management
- A critical look at Value-at-Risk: Why do regulators like it, where does it fail and what can be done about it?
- Alternatives to VaR, including ‘Expected Shortfall’ and ‘Stress Tests and Scenarios’
- Looking at modellable and non-modellable risks and other risks not in VaR
- Incorporating and managing non-linear risks
- Risk measurement and management for hedge fund and traditional fund managers
- Regulatory impact and requirements for risk management and capital
- Incorporating new products and risks
BY ATTENDING THIS COURSE YOU WILL GAIN A PRACTICAL UNDERSTANDING OF:
- The techniques used in market risk measurement
- How policy and controls are applied by major institutions to control these risk
- How model risk is controlled and the importance and application of back testing
- How Value-at-Risk (VaR) can be adapted to handle non-linear risks and incorporate credit risk simultaneously
- Market risk measures for fund managers including benchmark relative risks
- How market risk measures drive capital allocation and regulatory capital for major firms