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Informationen zum Autor YEN YEE CHONG specialises in operational risk management and the design of banking systems. He has been working for DSL Consultants Ltd. in implementing dealing systems around the world. He has been designing financial environments in UK, USA, Sweden, Greece, Estonia and Russia. This also included working for the George Soros-backed Civic Education Project based in the Central European University. Partly as a result of this work, he speaks six languages. At the moment, he is working on a contract focused on credit and operational risk management for the German state development bank (KfW) in Latin America. His first degree was in Economics, whilst his Masters was in Artificial Intelligence and business Expert Systems. This is his fourth book on risk management, previous books covering Emerging Markets risk (ex-USSR), project risk and e-Business risk for the Financial Times group. Klappentext Risk has two sides: underestimating it harms the investor, while overestimating it prevents the implementation of bold business projects. This book explains, from the point of view of the practitioner, the analysis of investment risk - a proper account of adequate risk management strategies - and offers an objective and readable account of the most common investment risk management procedures. It will not be highly mathematical, although mathematical formulae and technical graphs will be used where necessary, and will not rely on excessive technical jargon.The author also covers guidelines of regulatory institutions that protect the market and the investor: Bank of International Settlements, US SEC and UK FSA. Zusammenfassung Risk has two sides: underestimating it harms the investor, while overestimating it prevents the implementation of bold business projects. This book explains, from the point of view of the practitioner, the analysis of investment risk - a proper account of adequate risk management strategies - and offers an objective and readable account of the most common investment risk management procedures. It will not be highly mathematical, although mathematical formulae and technical graphs will be used where necessary, and will not rely on excessive technical jargon.The author also covers guidelines of regulatory institutions that protect the market and the investor: Bank of International Settlements, US SEC and UK FSA. Inhaltsverzeichnis 1 Introduction to Investment Risk. Dream versus rude awakening. Book structure. 2 The Beginning of Risk. Risk and business. Case study: The shark and its risk. Case study: The ruin of Crédit Lyonnais (CL). Case study: ABB engineering. Investment scams. Banking risk and sharks. Risk management as a discipline. Humans and risk. Case study: High-street retail store losses. Case study: Allied Irish Bank (AIB). The state of the investment game. Risk types. Reputation risk. Case study: Equitable Life. Credit risk. Market risk. Operational risk. Risk and damage. Viable alternatives. 3 Investing under Risk. Human behaviour and investment choice. Portfolio management. Value-at-Risk (VaR). Monte Carlo simulation. Collective use of mathematical tools. Position keeping. Investment managerial control. The treasurer's role. Trading and risk management. Investment risk experts. Case study: A large UK PLC defined benefits pension fund. Who controls whom. 4 Investing under Attack. Investor disenchantment. Risk-bearers and risk-takers. Professional investor/shareholder. Investment companies/fund managers. Investment banks. Auditors. A look in the risk mirror. Risk-averse. Risk-neutral. Risk-takers....
