Risk Management Technology in Financial Services

Since 1961, Dr Dimitris N. Chorafas has advised financial institutions and industrial corporations in strategic planning, risk management, computers and communications systems, and internal controls. A graduate of the University of California, Los Angeles, the University of Paris, and the Technical University of Athens, Dr Chorafas has been a Fulbright scholar. Financial institutions which have sought his assistance include the Union Bank of Switzerland, Bank Vontobel, CEDEL, the Bank of Scotland, Credit Agricole, Österreichische Länderbank (Bank Austria), First Austrian Bank, Commerzbank, Dresdner Bank, Mid-Med Bank, Demir Bank, Banca Nazionale dell'Agricoltura, Istituto Bancario Italiano, Credito Commerciale and Banca Provinciale Lombarda. Among multinational corporations Dr Chorafas has worked as consultant to top management, are: General Electric-Bull, Univac, Honeywell, Digital Equipment Corp, Olivetti, Nestlé, Omega, Italcementi, Italmobiliare, AEG-Telefunken, Olympia, Osram, Antar, Pechiney, the American Management Association and host of other client firms in Europe and the United States. Dr Chorafas has served on the faculty of the Catholic University of America and as visiting professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology. Also, the University of Alberta, Ecole d'Etudes Industrielles de l'Université de Genève, and Technical University of Karlsruhe. More than 6,000 banking, industrial and government executives have participated in his seminars in the United States, England, Germany, other European countries, Asia and Latin America.

ContentsForeword, by Francis-luc PerretPrefacePart 1 Innovation, risk, and returnChapter 1 Innovation in financeChapter 2 What is meant by risk management?Chapter 3 Complxity of risk control with derivativesChapter 4 Intergrating risk management through an enterprise architecureChapter 5 Case studies on big product problems that went unattendedPart 2 Risk control methodology and advanced modelsChapter 6 A methodology for risk managementChapter 7 The contribution of models to experimentationChapter 8 SimulationChapter 9 Using knowledge engineering for risk controlChapter 10 Optimization through genetic algorithmsChapter 11 Testing, backtesting, post-mortems and experimental methodologyPart 3 Increasing the effectiveness of information systems supportChapter 12 Adding value to risk control through IT and organizationChapter 13 Technology for time management, high frequency financial data and high impact eventsChapter 14 Project management for IT and risk controlChapter 15 Implementing design reviewsChapter 16 Quality, reliability and availabilityChapter 17 Being in charge of IT costsIndex