Following the global financial crisis, the Comprehensive Capital Analysis Review CCAR has emerged in the US as the most dominant regulatory regime to face banks in recent years: banks must be able to prove to regulators that they have sufficient capital to weather a severe economic downturn. CCAR and Beyond is the first authoritative reference guide to CCAR, providing a complete introduction and analysis of the regulation from origins to implementation. With extensive experience advising CCAR banks on modelling issues, Jing Zhang brings together a cross-section of views from those directly involved in the regulation and implementation of these assessments and stress tests. CCAR and Beyond clarifies the various methodologies and techniques to approaching CCAR assessments, providing unique insight into this seminal regulation. Since the Supervisory Capital Assessment Program (SCAP) in 2009, the Federal Reserve has refined its expectations on capital assessments and stress tests to form the Comprehensive Capital Analysis Review CCAR an annual assessment and stress testing exercise to be performed by banks to rigorously measure whether they have enough capital to withstand another crisis. The spread and breadth of CCAR continues to expand; originally designed for the largest bank holding companies in the US, the assessments are now being performed at smaller banks and regulators across the globe are eagerly watching the results unfold. CCAR is widely considered to be the regulation with the greatest influence on banks risk management and business practices, mainly due to the approval of dividend issuance, share buy-back, acquisitions and other major corporate actions hinging on the outcome of these assessments. CCAR and Beyond: Stress Testing, Capital Planning and Implications explores the modelling techniques key to CCAR and the business implications of the programme. Contributions from those directly involved in the implementation and regulation of these assessments provide a unique source of information and insight into the assessment practices. Jing Zhang brings together industry experts in stress testing and capital assessment to examine the central issues surrounding CCAR including: - the design and severity of the macroeconomic scenarios; - C&amp;I and CRE portfolio stress testing; - market, counterparty and operational risks; - pre-provision net revenue modelling; - governance, and - capital management. Clarifying the various methodologies and techniques, this book is an essential companion for those implementing and performing these capital adequacy assessments and stress testing exercises.

CCAR and Beyond - Capital Assessment, Stress Testing and Applications

Jing, Zhang

Risk Books

As part of the response to the last financial crisis, the International Accounting Standards Board (IASB) finalised it's new standard - IFRS 9 - in July 2014. 
The package of improvements introduced by IFRS 9 includes a logical model for classification and measurement, a single, forward-looking 'expected loss' impairment model and a substantially-reformed approach to hedge accounting. 
This title focuses specifically on the second part of the package of improvements. It discusses the new requirements for measuring the impairment of financial assets and highlights the challenges faced by institutions in implementing the new accounting requirements. 
The book features contributions from a number of industry experts. The topics they cover include: 
- The FASB's current expected credit loss (CECL) model for impairment 
- The challenges faced by institutions in implementing the new requirements, and options for overcoming them 
- Business impacts of the new requirements on financial institutions - ranging from loan origination, renewal and pricing to earnings and capital management 
- How institutions can prepare themselves for these impacts 
Why should you purchase a copy? 
Anyone involved in the implementation process can apply techniques from the book directly, borrow ideas, and benchmark their own approaches. 
Readers not involved in direct implementation but affected by subsequent impacts will be better prepared for the changes. 
Auditing and consulting firms and other service providers will learn how to design better products and services for clients. 
Regulators and those working at supervisory bodies will gain a better understanding of industry practices and business implications. 
Academics will be able to better frame their research efforts and to construct more practical and relevant research topics.

The New Impairment Model Under IFRS 9 and CECL

Credit risk management is in an evolutionary state. This evolution affects players globally in complex ways, changing how businesses must operate and adapt their risk practices. Cultural shifts toward quantitative methods that leverage large amounts of data have entered into an environment that has thus far relied upon relationships and subjectivity. Against a backdrop of further regulatory requirements and a dynamic political and economic environment, new Fintech entrants are disrupting and forcing incumbents to accept the strident reality and to evolve. Credit Risk Measurement and Management: Disruption and Evolution, edited by Amnon Levy and Jing Zhang, provides a comprehensive treatment of the subject, explaining how credit portfolio management and credit markets have evolved and will evolve further in this new era. The book explains the new requirements, presents implementation solutions, and discusses the operational and business impacts. With contributions from leading practitioners and regulatory experts, subjects covered include: An Exploration of the Evolution of Risk: Past, Present and Future Risk Trading, Risky Debt and Financial Stability Climate Change: Managing a New Financial Risk The Evolution of the CLO Market Innovation and Digitisation in Credit Machine Learning and Artificial Intelligence in Credit Risk Analytics Disruption of Credit Portfolio Management in Illiquid Credit Markets An essential text for all those involved in credit portfolio management and risk management as well as regulators, auditors and academics among many others, this book will equip readers with the tools they need to understand and operate in the changing credit market.

Credit Risk Measurement and Management

Amnon Levy

Unleash the Sociological Imagination - Applications in Real Life

Politics & Social Sciences

Social Sciences

Kendall/Hunt Publishing

By revisiting Louis I. Kahn's drawings, this study provides a new awareness of Kahn and his design variation Provides a valuable reference for students studying Kahn and his works With 1,500 drawings, this book forms an important source of material User-friendly and accessible work on the heritage of one of the most important 20th century architects in the United States In architecture, as in many fields, the best method of learning is to learn from the experts. Here, author Zhang Jing, using modern drawing software, has redrawn the plans, elevations, sections, and axonometric drawings from 138 architectural works by the renowned Louis I. Kahn, one of the most important architects of the 20th century in the United States. In so doing, the author arrives at a new and objective perspective to understanding Kahn and his work, and creating an invaluable resource for future study. By working through and observing the sketches in a chronological order, Kahn's spatial characteristics and variations can be seen in a holistic way. This book provides an innovative and intimate new look at Kahn and his architectural work.

Great Architects Redrawn: Louis I. Kahn

Arts & Photography

Architecture

Images Shenyang

Experiencing Chinese: Writing Book (Intermediate 2) (Chinese Edition)

Reference

Zuohong Chen

Foreign Language Study & Reference

Higher Education Press

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Books by Jing, Zhang