Executive Reports

Worldwide, senior executives and managers in financial and non-financial firms are expected to make crucial business decisions based on the results of complex risk models. Yet interpreting the findings, understanding the limitations of the models and recognizing the assumptions that underpin them present considerable challenges for all but those with a background in specialized quantitative financial modeling.

The use of these quantitative risk models was blamed as being one of the major causes of the financial crisis that began in 2007. This report shows how risk models are constructed and why they play such an important role in financial markets. It provides a holistic approach to Risk Model Validation that will enable you, when faced with a specific risk model, to work out a step-by-step guide to asking the right questions in order to judge the validity of the model.

Mathematical modelling, implementation, data gathering, processes, reporting and the way senior management “digests” all this information will all be covered.

An essential part of a decision-maker’s armoury, Risk Model Validation provides an intensive guide to asking the key questions when integrating the outputs of quantitative modeling into everyday business decisions.

This Executive Report offers for the first time a complete and integrated view on all aspects of Islamic investing and risk management, focusing on all currently existing types of Islamic financial products worldwide. It is a valuable guide for both Islamic and conventional financial institutions.

The Executive Report is a "hands-on", practical report and is a practitioners’ handbook for practical issues both on investing and risk management (for both conventional and Islamic readers), and although religious issues are included the report does not exclusively focus on religious discussions by Islamic scholars.

Islamic capital markets have a low correlation to other market segments, allowing the selective underweighting of particular sectors and seem to be relatively independent, even from market turbulences like the subprime crisis and the ongoing problems with the markets that we are currently experiencing.

This Executive Report will be of specific value for treasurers (also from non-financial institutions), traders, risk managers, asset managers, financial engineers, product developers, executives in Islamic financial institutions, senior executives of banks, insurance firms, hedge funds, family offices, and pension funds.

A concise report for senior executives in investment banks and structured products to quickly grasp the principles behind Islamic finance and understand how to develop products that would comply with Islamic principles. The latest addition to the popular Risk Books Executive Reports series will enable you to get involved in this US$300 billion business.