ABOUT THE BOOK

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    Accession Number

 B5607

    Title

 Setting Limits For Market Risk: Implementing The Precommitment Solution

    Author

 Chorafas, Dimitris N

    Publisher

 Euromoney Books

    ISBN

 1 85564 696 x

     Summary

This book has been written for executives in the financial industry: bankers, investment advisors, loans officers, traders, financial analysts and rocket scientists. It is also structured to appeal to treasurers of major companies who operate as non-banks and to individuals of high net worth. The subjects covered are of interest to members of boards of directions and management boards, and their immediate assistants, who are concerned about risk and return, and wish to implement programmes which can enable them to grasp business opportunities while minimizing exposure and failure. The focus of the book is on setting limits within a comprehensive system of internal controls, including the management policies that are required to make the setting of limits effective. Accordingly, the book examines the challenges of developing and selling new financial instruments, explaining why business success is increasingly dependent on gaining the upper ground in new financial services without assuming an inordinate amount of exposure.