風(fēng)險(xiǎn)管理基礎(chǔ)是是現(xiàn)代商業(yè)銀行核心競爭力的重要組成部分，具備領(lǐng)先的風(fēng)險(xiǎn)管理能力和水平成為商業(yè)銀行重要的核心競爭力。而在FRM考試中著重于風(fēng)險(xiǎn)管理的基本概念以及風(fēng)險(xiǎn)管理如何為組織增加價(jià)值。

下面小編介紹一下風(fēng)險(xiǎn)管理基礎(chǔ)的內(nèi)容體系

Foundations of Risk Management 風(fēng)險(xiǎn)管理基礎(chǔ)

Chapter1 The Building Blocks of Risk Management 第一章：風(fēng)險(xiǎn)管理基礎(chǔ)

1.1 Typology of Risk and Risk Interactions 風(fēng)險(xiǎn)類型及相互影響

Markets Risk 市場風(fēng)險(xiǎn)

Credit Risk 信用風(fēng)險(xiǎn)

Liquidity Risk 流動(dòng)性風(fēng)險(xiǎn)

Operational Risk 操作風(fēng)險(xiǎn)

Business and Strategic Risk 業(yè)務(wù)和戰(zhàn)略風(fēng)險(xiǎn)

Reputation Risk 聲譽(yù)風(fēng)險(xiǎn)

1.2 The Risk Management Process 風(fēng)險(xiǎn)管理的過程

1.3 Identifying Risk: Knowns and Unknowns 識別風(fēng)險(xiǎn)：已知和未知

1.4 Quantitative Risk Metrics 定量風(fēng)險(xiǎn)度量

Expect the Unexpected 期待意外

From Unexpected to Extreme Risky Relationships 從意外到極端危險(xiǎn)的關(guān)系

Value-at-Risk 風(fēng)險(xiǎn)價(jià)值

Expected Shortfall 預(yù)期損失，期望短缺

1.5 Risk Factor Breakdown and Interactions Between Factors 風(fēng)險(xiǎn)因素分析和因素之間的相互影響

1.6 Structural Change: From Tail Risk to Systemic Crisis 結(jié)構(gòu)變化：從尾部風(fēng)險(xiǎn)到系統(tǒng)性危機(jī)

1.7 Human Agency and Conflicts of Interest 人事代理和利益沖突

1.8 Risk Aggregation 風(fēng)險(xiǎn)聚合

1.9 Balancing Risk and Reward 平衡風(fēng)險(xiǎn)和收益

1.10 Enterprise Risk Management (ERM): More Than Adding Up Risk? 全面風(fēng)險(xiǎn)管理：不僅僅是把風(fēng)險(xiǎn)加起來？

Chapter2 How Do Firms Manage Financial Risk? 第二章：公司如何管理財(cái)務(wù)風(fēng)險(xiǎn)（金融風(fēng)險(xiǎn)）？

2.1 Background: The Modern Imperative to Manage Risk 背景：現(xiàn)代風(fēng)險(xiǎn)管理的必要性

Risks from Using Risk Management Instruments 使用風(fēng)險(xiǎn)管理工具的風(fēng)險(xiǎn)

Hedging Philosophy 對沖哲學(xué)

2.2 Risk Appetite——What is It? 風(fēng)險(xiǎn)偏好——它是什么？

2.3 Risk Mapping 風(fēng)險(xiǎn)定位？

2.4 Strategy Selection: Accept, Avoid, Mitigate, Transfer 策略選擇：接受、避免、緩解、轉(zhuǎn)移

2.5 Rightsizing Risk Management 調(diào)整風(fēng)險(xiǎn)管理

2.6 Risk Transfer Toolbox 風(fēng)險(xiǎn)轉(zhuǎn)移工具

Beer and Metal 啤酒和金屬

Airline Risk Management 航空公司風(fēng)險(xiǎn)管理

Turbulence Ahead 前方的動(dòng)蕩

Interest Rate Risk And Foreign Exchange Risk Management 利率風(fēng)險(xiǎn)和外匯風(fēng)險(xiǎn)管理

2.7 What Can Go Wrong in Corporate Hedging? 企業(yè)套期保值會出什么問題？

Chapter3 The Governance of Risk Management 第三章：風(fēng)險(xiǎn)治理

3.1 The Post-Crisis Regulatory Response 危機(jī)后的監(jiān)管對策

After the Crisis: Industry Restructuring and the Dodd-Frank Act 危機(jī)后：行業(yè)重組和多德 - 弗蘭克法案

The European Regulatory Response to the GFC: SREP and EBA Stress Tests 歐洲監(jiān)管機(jī)構(gòu)對GFC的回應(yīng)：SREP和EBA壓力測試

3.2 Infrastructure of Risk Governance 風(fēng)險(xiǎn)治理的基礎(chǔ)設(shè)施

The Board and Corporate Governance from Corporate Governance to Best-Practice Risk Management 董事會與公司治理——從公司治理到最佳實(shí)踐風(fēng)險(xiǎn)管理

3.3 Risk Appetite Statement 風(fēng)險(xiǎn)偏好評估報(bào)告

3.4 Implementing Board-Level Risk Governance 實(shí)施董事會級別的風(fēng)險(xiǎn)治理

The Board Audit Committee 董事會審計(jì)委員會

The Evolving Role of a Risk 風(fēng)險(xiǎn)的演變作用

Advisory Director 顧問總監(jiān)

The Special Role of the Board Risk Management Committee 董事會風(fēng)險(xiǎn)管理委員會的特殊作用

3.5 Risk Appetite and Business Strategy: The Role of Incentives 風(fēng)險(xiǎn)偏好與商業(yè)戰(zhàn)略：激勵(lì)的作用

The Role of the CRO 首席風(fēng)險(xiǎn)官的作用

Limits Policies 限制政策

Monitoring Risk 監(jiān)控風(fēng)險(xiǎn)

3.6 Incentives and Risk-Taking 激勵(lì)和冒險(xiǎn)

3.7 The Interdependence of Organizational Units in Risk Governance 風(fēng)險(xiǎn)治理中組織單元的相互依賴性

3.8 Assessing the Bank’s Audit Function 評估銀行的審計(jì)職能

Chapter4 Credit Risk Transfer Mechanisms 第四章：信用風(fēng)險(xiǎn)轉(zhuǎn)移機(jī)制

4.1 Overview of Credit Risk Transfer Mechanisms 信用風(fēng)險(xiǎn)轉(zhuǎn)移機(jī)制概述

4.2 How Credit Risk Transfer Can Be Useful 信用風(fēng)險(xiǎn)轉(zhuǎn)移如何有用

4.3 The Mechanics of Securitization 證券化的機(jī)制

4.4 From Buy-and-Hold to Originate-to-Distribute 從買入并持有到發(fā)行

Chapter5 Modern Portfolio Theory and Capital Asset Pricing Model 第五章：現(xiàn)代投資組合理論和資本資產(chǎn)定價(jià)模型

5.1 Modern Portfolio Theory 現(xiàn)代投資組合理論

5.2 The Capital Asset Pricing Model 資本資產(chǎn)定價(jià)模型

5.3 The Capital Market Line and the Security Market Line 資本市場線和證券市場線

5.4 Estimating Beta 估計(jì)β

5.5 Performance Measures 績效衡量

Sharpe Performance Index 夏普績效指數(shù)

Treynor Performance Index 特雷納性能指數(shù)

Jensen’s Performance Index 詹森績效指數(shù)

Link Between the Treynor and Jensen’s Performance Measures

Treynor和Jensen績效指標(biāo)之間的聯(lián)系

Sortino Ratio Sortino比率

Information Ratio 信息率

Chapter6 The Arbitrage Pricing Theory and Multifactor Models of Risk and Return 第六章：套利定價(jià)理論與風(fēng)險(xiǎn)與收益的多因素模型

6.1 The Arbitrage Pricing Theory 套利定價(jià)理論

Macroeconomic Factor Models 宏觀經(jīng)濟(jì)因素模型

Fundamental Factor Models 基本因素模型

Statistical Factor Models 統(tǒng)計(jì)因子模型

6.2 Different Types of Factor Models 不同類型的因子模型

6.3 Factor Analysis in Hedging Exposure 套期保值風(fēng)險(xiǎn)敞口的因子分析

Chapter7 Principles for Effective Data Aggregation and Risk Reporting 第七章：有效數(shù)據(jù)匯總和風(fēng)險(xiǎn)報(bào)告的原則

7.1 Introduction 引言

7.2 Benefits of Effective Risk Data Aggregation and Reporting 有效的風(fēng)險(xiǎn)數(shù)據(jù)匯總和報(bào)告的好處

7.3 Key Governance Principles 關(guān)鍵治理原則

7.4 Data Architecture and IT Infrastructure 數(shù)據(jù)體系結(jié)構(gòu)和IT基礎(chǔ)設(shè)施

7.5 Characteristics of a Strong Risk Data Aggregation Capability 具有強(qiáng)大的風(fēng)險(xiǎn)數(shù)據(jù)聚合能力的特點(diǎn)

7.6 Characteristics of Effective Risk Reporting Practices 有效風(fēng)險(xiǎn)報(bào)告實(shí)踐的特點(diǎn)

Conclusion 結(jié)論

Appendix 附錄

Compliance Levels of 30 Banks 30家銀行的合規(guī)水平

Chapter8 Enterprise Risk Management and Future Trends 第八章：全面風(fēng)險(xiǎn)管理和未來趨勢

8.1 ERM: What Is It and Why Do Firms Need It? ERM：它是什么？企業(yè)為什么需要它？

8.2 ERM——A Brief History 簡史

8.3 ERM: From Vision to Action 從愿景到行動(dòng)

8.4 Why Might Enterprise Risk Demand ERM: Four Key Reasons 企業(yè)風(fēng)險(xiǎn)為何需要ERM：四個(gè)關(guān)鍵原因

Top to Bottom——Vertical Vision Are There Potentially Dangerous 從上到下——垂直視野是否存在潛在危險(xiǎn)

Concentrations of Risk within the Firm? 公司內(nèi)部的風(fēng)險(xiǎn)集中度？

Thinking Beyond Silos 超越西洛斯的思考

Risk Retention Decisions: Self-Insurance and Captive Insurance 風(fēng)險(xiǎn)保留決策：自我保險(xiǎn)和專屬自保

8.5 The Critical Importance of Risk Culture 風(fēng)險(xiǎn)文化的關(guān)鍵重要性

Discussion——Five Culture Clashes 討論——五種文化沖突

8.6 Scenario Analysis：ERM’s Sharpest Blade? 場景分析：ERM最鋒利的刀片？

Scenario Analysis Before the Global Financial Crisis 全球金融危機(jī)前的情景分析

Post-Crisis Trends in Scenario Building Stress Testing in Europe: Future 歐洲情景構(gòu)建壓力測試的危機(jī)后趨勢：未來

Directions 方向

8.7 ERM and Strategic Decisions 企業(yè)風(fēng)險(xiǎn)管理與戰(zhàn)略決策

8.8 Conclusion：Risk Management and the Future 結(jié)論：風(fēng)險(xiǎn)管理與未來

Chapter9 Learning from Financial Disasters 第九章：從金融災(zāi)難中吸取教訓(xùn)

9.1 Interest Rate Risk 利率風(fēng)險(xiǎn)

The Savings and Loan Crisis 儲蓄和貸款危機(jī)

9.2 Funding Liquidity Risk 融資流動(dòng)性風(fēng)險(xiǎn)

Liquidity Crisis at Lehman Brothers 雷曼兄弟的流動(dòng)性危機(jī)

Liquidity Crisis at Continental illinois Northern Rock——Liquidity and Business Models 伊利諾伊州北部巖石大陸的流動(dòng)性危機(jī)——流動(dòng)性和商業(yè)模式

Lessons Learned 經(jīng)驗(yàn)教訓(xùn)

9.3 Constructing and Implementing a Hedging Strategy 構(gòu)建和實(shí)施對沖策略

Metallgesellschaft ——How a Dynamic Hedging Strategy Can Go Wrong 金屬公司——對沖策略如何出錯(cuò)？

Hedging Considerations 對沖考慮

9.4 Model Risk 模型風(fēng)險(xiǎn)

Wrong Assumptions——The Niederhoffer Put Options 錯(cuò)誤的假設(shè)——尼德霍夫看跌期權(quán)

Lone Term Capital Management and Model Risk: When “Normal” Relationships Breakdown 長期資本管理和模型風(fēng)險(xiǎn)：“正?！标P(guān)系破裂時(shí)

Trading Models 交易模式

Risk Measurement Models and Stress Testing 風(fēng)險(xiǎn)度量模型和壓力測試

Model Risk and Governance—— The London Whale 模型風(fēng)險(xiǎn)與治理——倫敦鯨

Setting the Scene 布景

The Risk Exposure Grows 風(fēng)險(xiǎn)敞口在增加

Operational Risk 操作風(fēng)險(xiǎn)

Corporate Governance: Poor Risk Culture 公司治理：糟糕的風(fēng)險(xiǎn)文化

Model Risk: Fudging VaR Models 模型風(fēng)險(xiǎn)：偽造VaR模型

9.5 Rogue Trading and Misleading Reporting 流氓交易和誤導(dǎo)性報(bào)道

Barings,1995 巴林，1995年

9.6 Financial Engineering 金融工程

The Risks of Complex Dervatives 復(fù)雜債務(wù)的風(fēng)險(xiǎn)

The Case of Excess Leverage and Complex Financial Instruments: Orange County 過度杠桿和復(fù)雜金融工具案例：奧蘭治縣

The Case of Investing in AAA Tranches of Subprime CDOs: Sachsen 投資AAA級次級CDO的案例：薩克森

9.7 Reputation Risk 聲譽(yù)風(fēng)險(xiǎn)

Volkswagen Emission Cheating Scandal 大眾汽車排放作弊丑聞

9.8 Corporate Governance 公司治理

Enron 安然;安隆;美國安然公司;恩隆;安隆公司

Aftermath 后果

9.9 Cyber Risk 網(wǎng)絡(luò)風(fēng)險(xiǎn)

The SWIFT Case 斯威夫特案

Conclusion 結(jié)論

Chapter10 Anatomy of the Great Financial Crisis of 2007-2009 第十章：2007-2009年大金融危機(jī)剖析

10.1 Introduction and Overview 導(dǎo)言和概述

10.2 How It All Started 這一切是怎么開始的

10.3 The Role of Financial Intermediaries 金融中介機(jī)構(gòu)的作用

10.4 Issues with the Rating Agencies 評級機(jī)構(gòu)的問題

10.5 A Primer on the Short-Term Wholesale Debt Market 短期批發(fā)債券市場入門

10.6 The Liquidity Crunch Hits 流動(dòng)性緊縮來襲

10.7 Valuation Uncertainty and Transparency Issues 估值不確定性和透明度問題

10.8 Central Banks to the Rescue 各國央行出手相救

10.9 Systemic Risk in Action 行動(dòng)中的系統(tǒng)性風(fēng)險(xiǎn)

Chapter11 GARP Code of Conduct 第十一章：GARP行為準(zhǔn)則

11.1 Introductory Statement 介紹性發(fā)言

11.2 Code of Conduct 行為準(zhǔn)則

1.Principles 原則

2.Professional Standards 專業(yè)標(biāo)準(zhǔn)

11.3 Rules of Conduct 行為準(zhǔn)則

1.Prifessional Integrity and Ethical Conduct 職業(yè)操守和道德行為

2. Conflict of Interest 利益沖突

3. Confidentiality 保密性

4. Fundamental Responsibilities 基本責(zé)任

5. General Accepted Practices 一般公認(rèn)做法

11.4 Applicability and Enforcement Index 適用性和執(zhí)行指數(shù)