The Risk Controllers

Author : Peter Norman
Publisher : John Wiley & Sons
Page : 403 pages
File Size : 42,8 Mb
Release : 2011-09-07
Category : Business & Economics
ISBN : 9781119977940

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The Risk Controllers by Peter Norman Pdf

Clearing houses, or CCPs, were among the very few organisations to emerge from the global financial crisis with their standing enhanced. In the chaotic aftermath of the bankruptcy of Lehman Brothers, they successfully completed trades worth trillions of dollars in a multitude of financial instruments across listed and over-the-counter markets, and so helped avert financial Armageddon. That success transformed the business of clearing. Governments and regulators around the world gave CCPs and the clearing services they provide a front-line role in protecting the global economy from future excesses of finance. CCPs, which mitigate risk in financial markets, responded by greatly expanding their activities, notably in markets for over-the-counter derivatives, and often in fierce competition with one another. In The Risk Controllers, journalist and author Peter Norman describes how CCPs operate, how they handled the Lehman default, and the challenges they now face. Because central counterparty clearing is a complex business with a long history that continues to influence decisions and structures even in today’s fast changing world, The Risk Controllers explores the development of CCPs and clearing from the earliest times to the present. It draws on the experiences of the people who helped to shape the business of clearing today. It sets the development of CCPs and clearing in the broader context of changes in society, politics and regulation. The book examines turning points, such as the 1987 stock market crash, that set clearing on a new path and the impact of long running trends, including the exponential growth of computer power and the ebb and flow of globalisation. Written in non-technical language, The Risk Controllers provides a unique and accessible guide to CCPs and clearing. It is essential reading for clearing professionals, legislators and regulators whose job it is to take this vitally important business into the future. “The recent crisis has, thankfully, renewed interest in the importance of central counterparties: how they can help preserve stability or, as Hong Kong showed in 1987, undermine stability if they are not super sound. Peter Norman’s book places the role of clearing houses in a historical context, and explains why the financial system’s plumbing matters so much. It should be read by anyone interested in building safer capital markets.” Paul Tucker, Deputy Governor Financial Stability, Bank of England

Author : Derek Viner
Publisher : Routledge
Page : 304 pages
File Size : 46,5 Mb
Release : 2016-03-03
Category : Business & Economics
ISBN : 9781317086239

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Occupational Risk Control by Derek Viner Pdf

In Occupational Risk Control, Derek Viner brings together the theoretical aspects of his subject into a coherent whole and then connects them with the needs both of practitioners and educators. The theory embraced by the author spans ideas formed between the industrial revolution and the present day, but he focuses on relatively more recent theoretical developments chiefly associated with people-orientated approaches in the discipline of psychology applied to management practice and in the application of analytical ideas to engineering design. The author looks specifically at developments in defence and petro-chemical systems and also considers the whole theory of risk that originated in the 1970s with the advent of nuclear power stations, but which he argues has advanced little since that time. He also introduces the geological and botanical sciences, on the grounds that they contribute much to our understanding of how to set about classifying phenomena. To this mix, is added the contribution of law to our understanding of moral obligations and that of statistics to our understanding of the management of uncertainty. Viner argues that amongst the observable consequences of the absence of a holistic approach, is the tendency for regulators to form (misinformed) theory on which to base legislation and the prevalence of commercial systems leading to disparate efforts by different industries. The net effect of all this, he suggests, is seen in the disasters of the magnitude of the Gulf of Mexico explosion and oil spill.

Author : Changjun Jiang,Wangyang Yu
Publisher : World Scientific
Page : 261 pages
File Size : 45,6 Mb
Release : 2021-11-19
Category : Computers
ISBN : 9789811241185

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Risk Control Theory Of Online Transactions by Changjun Jiang,Wangyang Yu Pdf

Online transaction has become an important part of the new economy and finance. At the same time, transaction payment fraud also presents an explosive trend.This unique compendium introduces risk control theories technologies of online transaction processes, and applies the traditional security technologies and advanced behavior authentication methods to the trustworthy guarantee of online transaction systems. The comprehensive volume also promotes the development of trustworthy online transaction theory and technologies.This useful reference text will benefit researchers in the field of computer science and technologies, as well as a research reference in the field of online transaction risk prevention and control.

Author : Beidou Xi,Yonghai Jiang,Mingxiao Li,Yu Yang,Caihong Huang
Publisher : Springer
Page : 125 pages
File Size : 46,6 Mb
Release : 2016-03-05
Category : Science
ISBN : 9783662494622

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Optimization of Solid Waste Conversion Process and Risk Control of Groundwater Pollution by Beidou Xi,Yonghai Jiang,Mingxiao Li,Yu Yang,Caihong Huang Pdf

This book focuses on the treatment and disposal technology used for solid waste in China, puts forward an optimal management scheme that takes into account the complete lifecycle, and introduces a new technical model that reflects the synergies of resource utilization and secondary pollution control. In addition, it provides a set of methods for professional on-site investigation, risk assessment, classification management and control to minimize the risk of groundwater contamination by solid waste at landfill. Given the extent and depth of knowledge and experience gathered in the book, it offers an important reference guide for government managers, environmental researchers, and all those involved in and concerned about solid waste disposal.

Author : Kenneth L. Grant
Publisher : John Wiley & Sons
Page : 277 pages
File Size : 55,5 Mb
Release : 2011-01-19
Category : Business & Economics
ISBN : 9781118045824

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Trading Risk by Kenneth L. Grant Pdf

Revolutionary techniques that traders can implement to improve profits and avoid losses No trader, professional or individual, can afford not to have a solid risk management program integrated into his or her trading system. But finding a precise mathematical model to replace subjective decision-making processes is a challenge. Traditionally, risk management has focused solely on loss avoidance, but in Trading Risk, hedge fund risk manager Kenneth Grant presents some-thing completely new—how to manage a portfolio to minimize risk and increase profits by putting more capital at risk. Trading Risk details a risk management program that can help both money managers and individual traders evaluate which elements in a portfolio are working efficiently and which aren’t. By illustrating an extremely simple set of statistical and arithmetic tools this book can help readers enhance their performance in many financial markets. Kenneth L.Grant is Cheyne’s Global Risk Manager, and is the Managing Member for Cheyne Capital, LLC, the firm’s U.S. arm. Mr. Grant is a pioneer in the field of hedge fund risk management and capital allocation. Before joining Cheyne, he created risk control programs at two of the world’s leading hedge funds, Tudor Investments and SAC Capital, where he was eventually promoted to the title of Chief Investment Strategist. Mr. Grant holds a Bachelor of Science in Economics and Mathematics from the University of Wisconsin, an MA in Economics from Columbia University, and an MBA from the University of Chicago Graduate School of Business.

Author : Leonard Onyiriuba
Publisher : Academic Press
Page : 738 pages
File Size : 45,6 Mb
Release : 2015-08-03
Category : Law
ISBN : 9780128034477

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Emerging Market Bank Lending and Credit Risk Control by Leonard Onyiriuba Pdf

Using a framework of volatile markets Emerging Market Bank Lending and Credit Risk Control covers the theoretical and practical foundations of contemporary credit risk with implications for bank management. Drawing a direct connection between risk and its effects on credit analysis and decisions, the book discusses how credit risk should be correctly anticipated and its impact mitigated within framework of sound credit culture and process in line with the Basel Accords. This is the only practical book that specifically guides bankers through the analysis and management of the peculiar credit risks of counterparties in emerging economies. Each chapter features a one-page overview that introduces its subject and its outcomes. Chapters include summaries, review questions, references, and endnotes. Emphasizes bank credit risk issues peculiar to emerging economies Explains how to attain asset and portfolio quality through efficient lending and credit risk management in high risk-prone emerging economies Presents a simple structure, devoid of complex models, for creating, assessing and managing credit and portfolio risks in emerging economies Provides credit risk impact mitigation strategies in line with the Basel Accords

Author : John Pratt
Publisher : Springer Nature
Page : 400 pages
File Size : 48,7 Mb
Release : 2020-08-05
Category : Social Science
ISBN : 9783030488727

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Law, Insecurity and Risk Control by John Pratt Pdf

This book examines our contemporary preoccupation with risk and how criminal law and punishment have been transformed as a result of these anxieties. It adopts an historical approach to examine the development of risk control measures used across the US, UK, New Zealand, Australia and Canada - particularly since the 1980’s - with the rise of the "security sanction". It also takes a criminological and sociological approach to analysing shifts in criminal law and punishment and its implications for contemporary society and criminal justice systems. Law, Insecurity and Risk Control analyses the range and scope of the ‘security sanction’ and its immobilizing measures, ranging from control over minor incivilities to the most serious crimes. Despite these innovations, though, it argues that our anxieties about risk have become so extensive that the "security sanction" is no longer sufficient to provide social stability and cohesion. As a consequence, people have been attracted to the ‘magic’ of populism in a revolt against mainstream politics and organisations of government, as with the EU referendum in the UK and the US presidential election of Donald Trump in 2016. While there have been political manoeuvrings to rein back risk and place new controls on it, these have only brought further disillusionment, insecurity and anxiety. This book argues that the "security sanction" is likely to become more deeply embedded in the criminal justice systems of these societies, as new risks to both the well-being of individuals and the nation state are identified.

Author : Wai Onn Hong
Publisher : WE ACT SERVICES SDN BHD
Page : 58 pages
File Size : 47,9 Mb
Release : 2015-11-07
Category : Business & Economics
ISBN : 9782765919704

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Tips for Hazard Identification Risk Assessment and Risk Control ebook by Wai Onn Hong Pdf

In In recent years, hazard identification, risk assessment and risk control has become important to the business operation as a basic of risk management. Organizations that have carried out risk assessment at their work place have noted improvement in their organization. This book is aim to provide guidance on key principles and issues to be taken into account when conducting an effective hazard identification, risk assessment and risk control. The methodology provided in this book is believed to be able to apply across the industry, either in the manufacturing sector, construction sectors or any other economic sectors.

Author : Matthew Leitch
Publisher : CRC Press
Page : 270 pages
File Size : 47,9 Mb
Release : 2016-05-23
Category : Business & Economics
ISBN : 9781317114857

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Intelligent Internal Control and Risk Management by Matthew Leitch Pdf

Many people in organizations resent internal control and risk management; these two processes representing unwelcome tasks to be completed for the benefit of auditors and regulators. Over the last few years this perception has been heightened by the disastrous implementation of section 404 of the Sarbanes-Oxley Act of 2002, which is generally regarded as having been too expensive for the benefits it has brought. This important book offers a way of improving this prevailing perception and increasing the value of control and risk management by bringing creativity and design skills to the fore. The value of risk and control activities is often limited by the value of the control ideas available and so Matthew Leitch provides an arsenal of 60 high performance control mechanisms. These include several alternative ways to design controls and control systems, as well as providing controls for monitoring and audit, controls for accelerated learning, and techniques for finding and recovering cash. This design material is combined with insights into the psychology of risk control, strategies for encouraging helpful behaviour and enabling change, and a surprisingly simple integration of internal control with risk management. The book is realistic, practical, original, and easier reading than most in the field. The material is not specific to any one country and has international appeal for internal auditors and all those concerned with risk management, corporate governance and security.

Author : Richard Fenning
Publisher : Eye Books (US&CA)
Page : 199 pages
File Size : 53,5 Mb
Release : 2021-02-01
Category : Business & Economics
ISBN : 9781785632457

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What on Earth Can Go Wrong by Richard Fenning Pdf

Richard Fenning has spent three decades advising multinational companies on volatile geopolitics and severe security crises. He was CEO of the British firm Control Risks for 14 years. His career coincided with the glory years of globalization, the rise of China, the tumult of the Middle East wars, a new vicious form of terrorism, the transforming impact of digital technology, and America's retreat from leadership. Offering him a rare insight into what happens when people and organizations come under enormous stress, it dispelled any illusions that the world is ordered, predictable, or fair. But amid the chaos and upheaval, he also found humanity and humor. In a whirlwind tour that takes us from the battlefields of Iraq to the back streets of Bogotà, from the steamy Niger delta to the chill of Putin's Moscow, he looks back with wit and insight on the people and places he has got to know, while also offering some timely thoughts about the relationship between risk and danger in a terrifyingly changeable world.

Author : Dimitris N. Chorafas
Publisher : Elsevier
Page : 400 pages
File Size : 55,6 Mb
Release : 2003-10-06
Category : Business & Economics
ISBN : 9780080473635

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Operational Risk Control with Basel II by Dimitris N. Chorafas Pdf

Operational Risk Control with Basel II, provides a sound methodology for operational risk control and focuses on management risk and ways to avoid it. The book explains why and how information technology is a major operational risk and shows how to integrate cost control in the operational risk perspective. It aslo details analytical approaches to operational risk control, to help with scorecard developments, explains the distinction between High Frequency Low Risk and Low Frequency High Risk events and provides many case studeies from banking and insurance to demonstrate the attention operational risks deserve. Assists risk professionals in preparing their institution to comply with the New Capital Adequacy Framework issued by the Basel Committee on Banking Supervision, which becomes mandatory from January 1, 2006 Readers benefit from a significantly broader viewpoint on types of operational risks, operational risks controls, and results to be expected from operational risk management - compared to what the reader may gain from books previously published on this same topic

Author : Mr Matthew Leitch
Publisher : Gower Publishing, Ltd.
Page : 280 pages
File Size : 43,7 Mb
Release : 2012-09-28
Category : Business & Economics
ISBN : 9781409458234

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Intelligent Internal Control and Risk Management by Mr Matthew Leitch Pdf

Many people in organizations resent internal control and risk management; these two processes representing unwelcome tasks to be completed for the benefit of auditors and regulators. Over the last few years this perception has been heightened by the disastrous implementation of section 404 of the Sarbanes-Oxley Act of 2002, which is generally regarded as having been too expensive for the benefits it has brought. This important book offers a way of improving this prevailing perception and increasing the value of control and risk management by bringing creativity and design skills to the fore. The value of risk and control activities is often limited by the value of the control ideas available and so Matthew Leitch provides an arsenal of 60 high performance control mechanisms. These include several alternative ways to design controls and control systems, as well as providing controls for monitoring and audit, controls for accelerated learning, and techniques for finding and recovering cash. This design material is combined with insights into the psychology of risk control, strategies for encouraging helpful behaviour and enabling change, and a surprisingly simple integration of internal control with risk management. The book is realistic, practical, original, and easier reading than most in the field. The material is not specific to any one country and has international appeal for internal auditors and all those concerned with risk management, corporate governance and security.

Author : Donald L. MacDonald
Publisher : Unknown
Page : 220 pages
File Size : 47,9 Mb
Release : 1979
Category : Business insurance
ISBN : MINN:31951001166391R

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Risk Control in the Overseas Operation of American Corporations by Donald L. MacDonald Pdf

Author : Huan Huan,Jianwei Xu,Jinsheng Wang,Beidou Xi
Publisher : Springer
Page : 123 pages
File Size : 46,8 Mb
Release : 2018-04-30
Category : Technology & Engineering
ISBN : 9789811077067

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Groundwater Pollution Risk Control from an Industrial Economics Perspective by Huan Huan,Jianwei Xu,Jinsheng Wang,Beidou Xi Pdf

This book argues that groundwater pollution risk assessment is the essential foundation of groundwater pollution prevention and control. It is on this basis that economic leverage is used to make new breakthroughs in groundwater protection and governance. Presenting a case study on the Jilin Section of the Songhua River, the book applies the overlay index method to assess the shallow groundwater pollution risk and identify high-risk areas and major pollution sources in an effort to identify the mechanism of interaction between industrial structures and groundwater pollution. Further, it proposes concrete measures for preventing and controlling groundwater pollution from an industrial economics perspective. As such, the book offers a valuable resource for all graduate students, lecturers and researchers who are interested in learning about resources and environmental economics.

Author : William F. McTernan,Edward Kaplan
Publisher : ASCE Publications
Page : 442 pages
File Size : 54,7 Mb
Release : 1990-01-01
Category : Technology & Engineering
ISBN : 0784475881

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Risk Assessment for Groundwater Pollution Control by William F. McTernan,Edward Kaplan Pdf

Prepared by the Groundwater Risk Assessment Task Committee for the Water Pollution Management Committee of the Environmental Engineering Division of ASCE. ThisØreport discusses the control of contaminated groundwater and the use of risk assessment to mitigate this contamination. The report explores such issues asØdefining the level of contamination,Ødetermining which substances are contaminants, andØdeciding the level of restoration needed. These and other issues are discussed within the framework of risk assessment and risk management. Critical components of risk assessment and risk management are described, as are their strengths and weaknesses.