By Jon Gregory

A specific, expert-driven advisor to modern significant monetary element of interest

The xVA problem: Counterparty credits chance, investment, Collateral, and Capital is a pragmatic consultant from one of many prime and such a lot influential credits practitioners, Jon Gregory. concentrating on functional tools, this informative advisor comprises dialogue round the most up-to-date regulatory requisites, marketplace perform, and educational pondering. starting with a glance on the emergence of counterparty chance through the contemporary international monetary quandary, the dialogue delves into the quantification of firm-wide credits publicity and probability mitigation equipment, resembling netting and collateral. It additionally discusses completely the xVA phrases, significantly CVA, DVA, FVA, ColVA, and KVA and their interactions and overlaps. The dialogue of different elements akin to wrong-way hazards, hedging, pressure trying out, and xVA administration inside a bank are lined. The broad assurance and specific therapy of what has turn into an pressing subject makes this booklet a useful reference for any practitioner, coverage maker, or scholar.

Counterparty credits possibility and comparable elements comparable to investment, collateral, and capital became key concerns in recent times, now ordinarily characterised via the time period 'xVA'. This e-book presents useful, in-depth counsel towards all elements of xVA administration.

  • Market perform round counterparty credits probability and credits and debit price adjustment (CVA and DVA)
  • The newest regulatory advancements together with Basel III capital requisites, significant clearing, and crucial collateral requirements
  • The effect of accounting specifications reminiscent of IFRS 13
  • Recent considering at the purposes of investment, collateral, and capital changes (FVA, ColVA and KVA)

The surprising awareness of in depth counterparty dangers has significantly compromised the future health of world monetary markets. it is now a massive element of motion for all monetary associations, that have learned the transforming into significance of constant remedy of collateral, investment, and capital along counterparty possibility. The xVA problem: Counterparty credits danger, investment, Collateral, and Capital offers specialist standpoint and real-world counsel for present day institutions.

Show description

Read or Download The xVA Challenge: Counterparty Credit Risk, Funding, Collateral, and Capital (The Wiley Finance Series) PDF

Best finance books

Option Theory and Trading: A Step-by-Step Guide To Control Risk and Generate Profits (Wiley Trading)

Compliment for thoughts concept and buying and selling "I've had the excitement of training with Ron Ianieri at quite a few dwell seminars for investors and traders, and something is for sure-Ron is familiar with suggestions! Now Ron has created a radical, easy-to-read advisor that you should take advantage of in lots of methods, no matter if you're skilled in concepts buying and selling or simply beginning out.

International Finance for Developing Countries

Overseas Finance for constructing international locations via fortunate Yona

Succession Planning for Financial Advisors: Building an Enduring Business (Wiley Finance)

This ebook goes to problem you and every thing you're thinking that you recognize approximately succession making plans. For self reliant advisors, succession making plans is readily changing into the cornerstone to a strategic development procedure designed to perpetuate their company and their source of revenue streams past their very own lifetime, whereas offering a multi-generational carrier platform that pulls and rewards more youthful advisors.

Europe’s Place in Global Financial Governance after the Crisis (Journal of European Public Policy)

Within the years major up the worldwide monetary concern, the eu Union (EU) had emerged as a valuable actor in international monetary governance, virtually rivalling the us in effect. whereas the united states and the european proceed to dominate monetary rule environment within the post-crisis international, the context within which they accomplish that has replaced dramatically.

Extra resources for The xVA Challenge: Counterparty Credit Risk, Funding, Collateral, and Capital (The Wiley Finance Series)

Sample text

Download PDF sample

Rated 4.52 of 5 – based on 26 votes