Eight Elements of Effective Derivatives’ Risk Management Programs
Author: Matthew Kluchenek.
Source: Volume 24, Number 01, September/October 2010 , pp.27-35(9)
< previous article |next article > |return to table of contents
Abstract:
While the just-passed financial reform legislation—and the regulatory agency rules sure to follow—may help to reduce the risk of using derivatives, no firm can rely on the new law as a panacea. Derivatives will continue to make sense as a tool for financial institutions to use—but will continue to require active risk management if they are to be safely utilized.Keywords: risk management, derivatives, swaps, compliance, stress testing
Affiliations:
1: Henderson & Lyman.