The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the...

A thoroughly updated and expanded edition of the xVA challenge The period since the global financial crisis has seen a major re-appraisal of derivatives valuation, generally expressed in the form of valuation adjustments ('xVAs'). The...

The Global Financial Crisis, from 2007 onwards, illustrated the inherent weaknesses in the global financial system and some of their causes. In particular over-the-counter (OTC) derivatives were blamed by many for partially causing and...

"The xVA Challenge: Counterparty Credit Risk, Funding, Collateral, and Capital" ist ein umfassendes Handbuch für alle Aspekte des Risikomanagements in der Finanzwelt. Der Autor Jon Gregory untersucht die verschiedenen Arten von Risiken,...