Overview

This book, edited by SIFIs expert Federico Galizia, outlines the evolution of the key wholesale markets on which SIFIs operate and the new regulations affecting those markets. It provides practical advice on managing concentration, maturity and counterparty risk in money, foreign exchange, derivative and credit markets. The contributors outline key procedures that the largest banks should have in place in order to ensure that their business model is resilient under a new risk management paradigm. Chapters examine topics such as: - Banking industry ratings - Leverage - Systemic wrong way risk - The OTC derivatives market - Economic and regulatory capital With contributions from regulators and banking practitioners as well as academics and consultants, the book offers a broad range of excellent advice and commentary on this topical and complex issue.

Full Product Details

Author:   Federico Galizia
Publisher:   Incisive Media Investments Ltd
Imprint:   Incisive Media Investments Ltd
ISBN:  

9781782720102

ISBN 10:   1782720103
Publication Date:   14 August 2013
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Introduction - Federico Galizia 1. SIFIs and the Financial Crises John Gerlach (Sacred Heart University) 2. Remuneration at Large Financial Services Firms Mark Carey (Federal Reserve Board) 3. What Drives Banking Industry Ratings? An Empirical Analysis Claudio Cali (European Investment Bank), Barbara Marchitto (European Investment Bank) and Andrea Resti (Bocconi University) 4. Leverage: a research agenda for SIFIs Jorge A. Chan-Lau, Andre O. Santos, Liliana Schumacher, Karim Youssef, Luisa Zanforlin (International Monetary Fund) and Federico Galizia (European Investment Fund) 5. Bank off-balance-sheet leverage: Some lessons to be learned from the latest financial crisis Nikolaos I. Papanikolaou (Luxembourg School of Finance) 6. Systemic Wrong Way Risk Michael Pykhtin (Federal Reserve Board) and Alexander Sokol (CompatibL) 7. The OTC Derivatives Market: Risks and Regulations Manmohan Singh (International Monetary Fund) 8. Balance Sheet Management for SIFIs Andreas Bohn and Paolo Tonucci (Barclays) 9. Managing Concentration Risk Federico Galizia (European Investment Fund)

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Author Information

Federico Galizia Federico Galizia is Head of Risk and Portfolio Management at the European Investment Fund, an institution investing in venture capital and small business credit risk on behalf of the European Union. His experience on SIFIs comes from previous engagement at the International Monetary Fund, where he lead a team monitoring systemic banks during the crisis; and the European Investment Bank, where he worked in both risk and banking roles, before becoming Adviser to the President. He holds a Ph.D. in Economics from Yale University and started his business career with McKinsey. Over the past twenty years, Federico has contributed to academic publication, designed financial instruments for policy purposes and developed an array of rating and portfolio management methodologies, focusing on long-term and concentration risk.

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