|
 |
| |
 |
Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
>> more information |
| |
|
|
|
Training - Equity Market & Investment
Companies
Overview of Risk Management:
Survey the broad are of financial risk management using
examples drawn from the major financial markets, as well as
exercises and case studies. Learn to measure and manage the
different types of financial risk. Topics include; the
evolution of financial risk management; using derivatives in
risk management; managing risk in the debt and equity markets.
Course Outline
Day 1:
Introduction to and Overview of Risk Management
* The need for financial risk management
* Major causes of financial risk
* Sources of financial risk
* Evolution of risk management instruments
* Recent risk events
Regulatory concerns and actions
* Reducing financial disasters
* Safety of the financial system
An overview of various types of risks:
* market
* credit
* operational
* liquidity
Money and capital markets
* Definition of money and capital markets
* Money market instruments
* Capital market instruments: Fixed-Income
* Capital market instruments: Equity
Description of financial risk management instruments
* Forwards
* Futures
* Swaps
* Options
* Exotics and other structures
Day 2:
Measuring Financial Risk
* Interest rate and yield curve risks
* Price value of a basis point (DV01)
* Duration
* Convexity
Equity risks
* Variance
* Covariance
* Correlation
* Beta
* Value-at-risk
* Variance-Covariance
* Delta-Gamma adjustments
* Historical Simulation
* Monte-Carlo Simulation
Examples, exercises and cases: Measuring interest rate risk,
foreign exchange risk, equity risks, and VAR
Day 3:
Approaches to Financial Risk Management
* Traditional approaches to financial risk management
* Immunizations
* Risk limits
* Internal controls
* Natural hedges in portfolios
Using derivatives to manage financial risks
* Forwards
* Futures
* Swaps
* Options
* Using exotics and other structures
Asset-liability management
* Maturity-Matching
* Gap
* Duration
Examples, exercises and cases: Immunization, using futures,
Duration gap
Day 4:
Measuring the Risks of Derivatives used in Financial Risk
Management
* The Greeks
* Delta and Gamma
* Gamma, theta and Rho
Value at Risk for Derivatives
* Options
* Futures
* Swaps
* Other Structures
* Measuring Credit Risk of Derivatives
* Examples, exercises and cases
Day 5:
Managing the Risk of Derivatives
* Managing the Greeks
* Delta Hedging
* Gamma Hedging
* Vega Hedging
Managing Swaps
* Micro hedging
* Macro hedging
Using Credit Derivatives
* Taxonomy of Credit Derivatives
* Managing risks with Credit Swaps, Total Return Swaps, Credit
Spread Options
* Examples, exercises and cases
Course Fees
VAT to be included at the local rate, if applicable. Costs
shown are per delegate inclusive of refreshments, lunches and
seminar materials. Cost of accommodation is not included.
GBP 4500
Certificates of Participation
Certificates of participation are remitted to course
participants upon request. |
|
