Jon Gregory – författare
Visar alla böcker från författaren Jon Gregory. Handla med fri frakt och snabb leverans.
5 produkter
5 produkter
Winning That Job: A kill or be-killed guide to job search and interview preparation for students and graduates
Häftad, Engelska
199 kr
Skickas inom 3-6 vardagar
Central Counterparties
Mandatory Central Clearing and Initial Margin Requirements for OTC Derivatives
Inbunden, Engelska, 2014
890 kr
Skickas inom 5-8 vardagar
Practical guidance toward handling the latest changes to the OTC derivatives market Central Counterparties is a practical guide to central clearing and bilateral margin requirements, from one of the industry's most influential credit practitioners. With up-to-date information on the latest regulations imposed after the global financial crisis, this book covers the mechanics of the clearing process and analyses the resulting consequences. Detailed discussion explains the ways in which the very significant clearing and margining rules will affect the OTC derivatives market and the financial markets in general, with practical guidance toward implementation and how to handle the potential consequences.Over-the-counter derivatives were blamed by many for playing a major role in the 2007 financial crisis, resulting in a significant attention and dramatic action by policymakers, politicians, and regulators to reduce counterparty credit risk which was seen as a major issue in the crisis. The two most important regulatory changes are the mandatory clearing of standardised OTC derivatives, and the requirements for bilateral margin posting in non-standard OTC contracts. Central Counterparties is a complete reference guide to navigating these changes, providing clarification and practical advice. Review the mitigation of counterparty credit risk with the historical development of central clearingClarify the latest regulatory requirements imposed by Dodd-Frank, EMIR, Basel III and moreLearn the mechanics of central clearing, with special attention to complex issues such as margin calculations, the loss waterfall, client clearing and regulatory capital rulesGain insight into the advantages and disadvantages of clearing and bilateral margin requirements, and the potential issues that ariseAs the clearing and margining mandates are phased in, the associated costs will be severe enough to dramatically shift the topology of the financial markets and transform the nature of risk. Central Counterparties provides the information, clarification and expert insight market practitioners need to get up to speed quickly.
xVA Challenge
Counterparty Risk, Funding, Collateral, Capital and Initial Margin
Inbunden, Engelska, 2020
1 007 kr
Skickas
A thoroughly updated and expanded edition of the xVA challengeThe period since the global financial crisis has seen a major re-appraisal of derivatives valuation, generally expressed in the form of valuation adjustments (‘xVAs’). The quantification of xVA is now seen as fundamental to derivatives pricing and valuation. The xVA topic has been complicated and further broadened by accounting standards and regulation. All users of derivatives need to have a good understanding of the implications of xVA. The pricing and valuation of the different xVA terms has become a much studied topic and many aspects are in constant debate both in industry and academia. Discussing counterparty credit risk in detail, including the many risk mitigants, and how this leads to the different xVA termsExplains why banks have undertaken a dramatic reappraisal of the assumptions they make when pricing, valuing and managing derivativesCovers what the industry generally means by xVA and how it is used by banks, financial institutions and end-users of derivativesExplains all of the underlying regulatory capital (e.g. SA-CCR, SA-CVA) and liquidity requirements (NSFR and LCR) and their impact on xVAUnderscores why banks have realised the significant impact that funding costs, collateral effects and capital charges have on valuationExplains how the evolution of accounting standards to cover CVA, DVA, FVA and potentially other valuation adjustmentsExplains all of the valuation adjustments – CVA, DVA, FVA, ColVA, MVA and KVA – in detail and how they fit togetherCovers quantification of xVA terms by discussing modelling and implementation aspects.Taking into account the nature of the underlying market dynamics and new regulatory environment, this book brings readers up to speed on the latest developments on the topic.
1 048 kr
Kommande
The definitive guide to counterparty risk and valuation adjustments, updated and revisedIn the newly revised fifth edition of The xVA Challenge, veteran quantitative finance and counterparty credit risk expert Jon Gregory delivers an authoritative roadmap to navigating counterparty risk, funding, collateral, capital, and initial margin. He draws on his extensive experience as a former senior practitioner at Barclays Capital, BNP Paribas, and Citigroup to walk you through the most urgent challenges facing risk managers, traders, and derivatives practitioners right now.The book explores the latest developments in xVA methodology and practice, guiding you through advanced compression tools for counterparty risk optimisation, detailed ColVA analysis with real-world examples, and the evolving mandate of xVA desks in volatile market conditions. It examines FRTB-CVA implementation challenges, current approaches to KVA and MVA in banking operations, and cutting-edge machine learning and algorithmic differentiation techniques.You’ll also find: Comprehensive coverage of all xVA components including CVA, DVA, FVA, ColVA, KVA, and MVA with practical implementation guidanceDetailed analyses of FRTB-CVA regulatory requirements and SA-CVA model development for regulatory approvalAdvanced compression techniques and optimization strategies for managing counterparty risk and xVA exposureReal-world case studies and examples demonstrating ColVA applications and xVA desk operations during market volatilityState-of-the-art computational methods including machine learning approaches and algorithmic differentiation for enhanced calculation efficiencyPerfect for risk managers, traders, derivatives practitioners, and financial regulators, The xVA Challenge, Fifth Edition, offers essential updates and practical tools that contemporary finance professionals need to effectively implement xVA frameworks, optimise counterparty risk management, and navigate an increasingly fraught regulatory landscape.
168 kr
Skickas inom 5-8 vardagar