Systemic Risk

A Practitioner's Guide to Measurement, Management and Analysis

Authors: Kemp, Malcolm

  • Explores the concept of systemic risk in the financial system
  • Explores how to measure systemic risk at firm level and system-wide level
  • Discusses macroprudential policy making
  • Explores trends in technology and society influencing finance and macroprudential policy 
  • Presents ideas on how firms and individuals can best respond to current developments in finance linked to systemic risk
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eBook $74.99
price for USA (gross)
  • ISBN 978-1-137-56587-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $95.00
price for USA
  • ISBN 978-1-137-56586-0
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  • Usually dispatched within 3 to 5 business days.
About this book

Systemic Risk provides readers with a wide-ranging practical guide to systemic risk in the financial system.  It challenges the notion that systemic risk is exclusively about interconnectivities within the financial system, showing that past systemic risk crises have often involved a broader range of vulnerabilities.

It describes how regulators and governments are seeking to manage systemic risk, and how their concerns are driving change in regulatory and business environments across the financial sector. It sets out how firms and practitioners can effectively respond to these changes (covering topics such as data needs, quantification of risk exposures, management disciplines and skillset requirements etc.).  It highlights the sources and characteristics of systemic risk and the concentrations of exposures to this risk. It also links systemic risk with other risk disciplines including exploring how systemic risk ties in with liquidity risk and credit risk and how it interacts with central clearing, collateralisation and pricing of derivatives.

About the authors

Malcolm Kemp is Founder and Managing Director of Nematrian Ltd, a consulting firm delivering services to the quantitative finance and actuarial communities. Previously, he was Director and Head of the Quantitative Research Team at Threadneedle Asset Management, responsible for its portfolio risk measurement and management activities. He is a leading expert on derivatives, performance measurement, risk measurement, liability driven investment and other quantitative investment techniques. Malcolm is a Fellow of the Institute of Actuaries, a Chartered Enterprise Risk Actuary, an Adjunct Professor at Imperial College Business School and a member of the Advisory Scientific Committee of the European Systemic Risk Board.

Table of contents (8 chapters)

  • Introduction

    Kemp, Malcolm H.D.

    Pages 1-4

  • Systemic Risk and the Financial System

    Kemp, Malcolm H.D.

    Pages 5-29

  • Overall Features of the Financial System

    Kemp, Malcolm H.D.

    Pages 31-110

  • Individual Elements of the Financial System

    Kemp, Malcolm H.D.

    Pages 111-217

  • Measuring Systemic Risk

    Kemp, Malcolm H.D.

    Pages 219-252

Buy this book

eBook $74.99
price for USA (gross)
  • ISBN 978-1-137-56587-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $95.00
price for USA
  • ISBN 978-1-137-56586-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Systemic Risk
Book Subtitle
A Practitioner's Guide to Measurement, Management and Analysis
Authors
Copyright
2017
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-56587-7
DOI
10.1057/978-1-137-56587-7
Hardcover ISBN
978-1-137-56586-0
Edition Number
1
Number of Pages
XXVI, 327
Number of Illustrations and Tables
15 b/w illustrations
Topics