Over the past few years, the Value at Risk indicator (VaR) has evolved, without doubt, into the most frequently used … the total risk. This paper focuses on the importance of market liquidity and describes ways to integrate it into the VaR …

organisation of business in regulated firms, particucarly in areas of compliance, internal audit, risk management, outsourcing …

This work examines specific issues concerning the prudential management and regulation of foreign exchange risk. It … begins with a description of the basic components of foreign exchange risk management. A central but frequently forgotten … point of foreign exchange risk is that the key to its effective management lies in the bank risk management system itself …

This paper studies bank-failure models in the context of transition economies. In order to capture the default risk of …