Understanding Systemic Risk in Global Financial Markets (Wiley Finance)

ARON GOTTESMAN is Professor of Finance and the chair of the Department of Finance and Economics at the Lubin School of Business at Pace University. . He is widely published in academic journals and is the author of Derivatives Essentials: An Introduction to Forwards, Futures, Options, and Swaps. MICHAEL LEIBROCK is managing director, chief systemic risk officer, and head of Counterparty

financial regulation, including the Dodd-Frank Act, as well as key international regulators and standards such as the Financial Stability Board and the Basel AccordsCutting-edge insight into the latest ways data is now used to effectively monitor systemic financial risksUnderstanding Systemic Risk in Global Financial Markets gives you the perspective and hands-on skillset to effectively monitor and respond to events that can threaten financial stability. Through the unique lens this guidebook offers, you can clearly see the interconnectedness financial firms have with each other and the rest of the world, while gaining: A practical understanding of how to monitor and analyze real-world conditions to mitigate impact from a systemic crisisA firm grasp of U.S. In a brilliant presentation specifically designed for accelerated learning, two thought leaders from academia and business take you on an enlightening exploration of the prime drivers of systemic

The quantitative and qualitative methods to measure the ongoing risks posed by systemically important financial institutions are surveyed. Written by Aron Gottesman and Michael Leibrock, experts on the topic of systemic risk, this vital resource puts the spotlight on coherency, practitioner relevance, conceptual explanations, and practical exposition. The types of firms covered are primarily systemically important banks, non-banks, and financial market utilities such as central counterparties. A review of the regulations that identify systemically important financial institutionsThe tools to use to detect early warning indications of defaultA review of historical systemic events their common causesTechniques to measure interconnectednessApproaches for ranking the order the institutions which pose the greatest degree of default risk to the industryUnderstanding Systemic Risk in Global Financial Markets offers a must-have guide to the fundamentals of systemic risk and the key critical policies that work to reduce systemic risk and promoting financial stability.. Step by step, the authors explore the specific regulations enacted before and after the credit crisis of 2007-2009 to promote financial stability. An accessible and detailed overview of the risks posed by financial institutionsUnderstanding Systemic Risk in Global Financial Markets offers an accessible yet detailed overview of the risks to financial stability posed by financial institutions desig