Background
Ong, Michael King was born on December 16, 1955 in Manila, Philippines. Son of Sanchez and Remedios (King) Ong.
(Comprehensively researched, this volume assists and advis...)
Comprehensively researched, this volume assists and advises the financial practitioner of every possible consequence of the latest Basel Accord - including advice on the implementation of systems affected by the Accord's various regulations. Learn from contributions by those involved in setting regulation for financial institutions, risk practitioners, industry-wide organisations and third parties such as software vendors. The book features a detailed overview of the revised Accord that highlights its major changes and includes comprehensive insight and guidance that advises on the Basel Accord's three component pillars: Minimum Capital Requirement, Supervisory Review Process and Market Discipline. The entire spectrum of related issues are covered including: the treatment of credit risk, securitisation, the establishment of an effective operational risk framework and trading book issues
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(Now in its second edition, this bestselling handbook has ...)
Now in its second edition, this bestselling handbook has been fully updated and expanded in light of important changes to the new Basel II Accord. Now including new chapters and fresh topics such as the asset classes required under Pillar 1, the new required elements for capital adequacy and the minimum capital requirements for securitization and operational risk, credit risk mitigation, supervisory review and market discipline. Through trial and error, the three pillars have evolved and some of the original ideas have proved to be impractical. This popular handbook methodically identifies the fundamental changes and recent additions to Basel II, such as increased flexibility, risk sensitivity and new OpRisk capital charge. It provides a clear rationale for the revised accord and even covers those elements that are still excluded such as liquidity risk, reputational risk and legal risk. You are presented with a unique opportunity to learn about every possible consequence of the Basel Accord from global thought leaders and fellow practitioners such as: Scott D. Aguais, Sebastian Fritz, Erik Heitfeld and Dirk Tasche amongst many others. You will find yourself referring to this essential handbook on a daily basis and find its clear guidelines essential for rolling out and implementing all systems affected by the Accord's various regulations. Looking at the challenges banks face in complying with the new requirements of Basel II, this invaluable title quantifies the potential downstream impact of Basel II on the financial industry. In addition it assesses the degree of constraint the proposals are likely to impose on business and highlights the profound implications of Basel II on: * Rating agencies * Financial industry * Global and local competition * Costs and capital This book is essential reading for any financial practitioner affected by the Basel II accord, including chief financial officers, chief operating officers, chief investment officers, risk man
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(This work provides a practical, accessible step-by-step a...)
This work provides a practical, accessible step-by-step analysis of the theory and practicalities of credit risk measurement and management. Topics covered include: default probabilities; expected and unexpected losses; time effects; default correlations; and loss distributions.
http://www.amazon.com/gp/product/1899332030/?tag=2022091-20
(In a time of numerous corporate failures, companies need ...)
In a time of numerous corporate failures, companies need to be increasingly certain that they are minimising their risk and managing their exposures (such as corporate lending) correctly. This title comprises critical analysis and discussion on the methodologies used and implemented by, not only the major rating agencies, who are involved in producing public ratings, but also those rating systems used internally by institutions. This title brings together views from the ratings agencies themselves, the founders of different rating systems, credit practitioners involved in implementing their own internal rating systems and those who represent the regulatory bodies that are monitoring ratings processes. Additionally, this book offers insight on corporate failures - such as Enron - in relation to how different aspects of rating and scoring systems may be flawed. The reader is also provided with background information on the Basel Committee's "Internal Ratings Based Approach" that they should be aware of when implementing their own internal ratings systems.
http://www.amazon.com/gp/product/1899332693/?tag=2022091-20
educator mathematician bank executive
Ong, Michael King was born on December 16, 1955 in Manila, Philippines. Son of Sanchez and Remedios (King) Ong.
Bachelor of Science in Physics cum laude, University Philippines, 1978. Master of Arts in Physics, State University of New York Stony Brook, 1979. Master of Science in Applied Mathematics, State University of New York Stony Brook, 1981.
Doctor of Philosophy in Applied Mathematics, State University of New York Stony Brook, 1984.
Assistant professor Bowdoin College, Brunswick, Maine, 1984—1991. Senior mathematician, finance analyst Chicago Research & Trading Group Ltd., 1990—1992. Vice president, senior research analyst First Chicago NBD, 1993—1994.
Head market risk analysis unit First Chicago Corporation, since 1994, 1st vice president, head corporation research unit, 1996—1997. Senior vice president, head treasury business research Algemene Bank Nederland-AMRO Bank, Chicago, since 1997, head of enterprise risk management, 1999—2000. Executive vice president, chief risk officer Credit Agricole Indosuez, 2000—2003.
Professor finance Stuart Graduate School Business Illinois Institute of Technology, since 2003, director finance program, executive director Center for Finance Markets, Stuart Graduate School Business, 2003—2006. Adjunct professor finance markets and trading program Stuart School Business Illinois Institute of Technology, 1990—2003, board directors Carr Global Advisers, 2000-2003.
(Comprehensively researched, this volume assists and advis...)
(In a time of numerous corporate failures, companies need ...)
(Now in its second edition, this bestselling handbook has ...)
(This work provides a practical, accessible step-by-step a...)
(2nd edition)
Member American Finance Association, American Mathematics Society, Mathematics Association American, Society Industrial and Applied Mathematics, Consortium for Mathematics and Its Applications, American Physical Society, Phi Kappa Phi.