Book Description
This book is a complimentary follow-on book to Operational Risk Control with Basel II. While the previous book focuses on operational risk, Economic Capital Allocation provides an overview of credit risk within the context of the Basel II accords.
The book provides:
* comprehensive coverage of the evolution of the banking industry with Basel II in mind
* extensive information on the capital requirements for bank liquidity and solvency
* coverage of the new rules as laid down by the supervisory authorities of the Group of Ten industrialized nations
* key information on the technical requirements for credit institutions such as: new credit rating scales, modeling of credit risk, control of operational risks, and, novel ways and means for the management of exposure to Credit Risk
* Basel II accords must be implemented by 2006 and require 2 years preparation for proper implementation
* Author at the forefront in the development of the Basel II Capital Adequacy Accord
* Based on intensive research in the US, UK and continental Europe
Customer Reviews:
no substance, a very quick read.......2007-03-29
i borrowed this book from a local library and is very disappointed after reading it. this book is mostly big words and no substance. there is no detailed real life or even theoretical solution to any of the problems he proposed. for example, section 7.4 is captial allocation at Deutsche Bank, sounds very intriguing, but when I actaully went to page 160, author only used less them half page to sum up Deutsche's strategy as Captial and Liquidy, no substance or detail whatsoever.
I finished this book in less than 3 hours and learned nothing except a few buzz words, and that is about it.
The previous commenter gave this book 5 star. take that 5 star with a huge grain of salt.
Read it before all the other Basel ii books.......2006-01-11
I found this to be an excellent read. It was extremely eye opening.
Chorafas focuses his attention on the processes, decisions, and actions which are needed to execute an appropriate compliance strategy effectively. His observations and recommendations are based on real-world data.
The material is carefully organized within sixteen chapters whose subjects range from "Economic Capital Defined" to "Software which can help in IRB implementations"
This text had the potential to be completely dry. Yet this book reads easily. It is well-written, understandable, and generally clear to professionals without a background in finance or economics.
Therefore, I highly recommend this book to all decision-makers and professionals responsible for compliance in all banks.
I also recommend this book to professionals who are looking to heal risk and compliance wounds from the past and present.
Well-done!
Average customer rating:
- A glaring example of depravity
- Eye-opening book
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Taming the Sharks: Towards a Cure for the High-Cost Credit Market (Series on Law, Politics, and Society)
Christopher L. Peterson
Manufacturer: University of Akron Press
ProductGroup: Book
Binding: Hardcover
 Economic Conditions
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ASIN: 1931968098 |
Book Description
Taming the Sharks: Towards a Cure for the High Cost Credit Market chronicles the historic, economic. legal, and political factors breeding America's feverish high cost debt industry. The ideas presented are novel, progressive, and controversial.
Historians have long argued that interest rates provide a sort of economic and political health of nations. If true, the contemporary American market for credit shows troubling signs of distress. While Federal Reserve Board monetary policy has kept commercial and prime consumer interest rates low, the past two decades have seen explosive growth in an industry specializing in high-cost consumer debt. Payday loan outlet chains, automobile title loan companies, rent-to-own furniture stores, pawnshops, and sub-prime and manufactured home mortgage lenders are transforming the personal finance patterns of millions of Americans. Many observers have complained this industry charges excessive prices, uses unfair business practices, and is generally causing more harm for its borrowers than good. Industry insiders retort they are merely responding to a legitimate demand for financial services that, in effect, consumers vote with their feet.
Customer Reviews:
A glaring example of depravity .......2005-02-15
Taming the Sharks is a masterful combination of academic and common-sense notions that every American capable of introspection should read. Utilizing a continuum of sources ranging from liberal to biblical references Peterson illustrates how our "advanced" society allows far more financial plundering of individuals who do not protect themselves than a multitude of civilizations that preceded us.
Whether the victims ought to protect themselves is irrelevant. The fact is that they do not. Tax payer dollars are then necessary to reconstruct the devastation.
After this fascinating reading any individual who does not directly profit from this industry will agree that the problem is immense based on either consideration for the U.S. economy or a shred of their own moral decency.
Eye-opening book.......2005-01-21
This is a fascinating book. Before reading the book, I knew about check-into-cash type places and rent-to-own places and pawn shops, and I figured that they weren't financially prudent options, but I had no idea how horrendous they actually are. The book points out how these sorts of companies are violating state consumer-protection rules left and right, and how government regulations like the Truth In Lending Act do nothing to help consumers of high cost-credit.
Some of the stories are about how these companies work are incredible. For example, there's one Indiana payday loan company that offers a 7,300 percent APR loan. While Peterson doesn't go into great detail about the sad stories that result from people taking out these sorts of loans, he tells just enough stories to make you realize how evil this industry is. For example, Peterson cites a study that looked at certain neighborhoods in Boston that were targeted by high-cost mortgage firms, convincing people to refinance their mortgages in ways that they couldn't afford. As a result, in some neighborhoods 82 percent of the families lost their homes due to foreclosure.
This sort of stuff is appalling, and while I have basically libertarian sentiments, I agree with Peterson that the government needs to do something about it. What's going on right now is fraudulent, because most consumers of high-cost credit have no idea what they're getting themselves into. Peterson draws a nice analogy with informed consent in medicine - hiding terms of a medical procedure in fine print, trying to make it so the patient doesn't understand what's going on, is viewed as unacceptable. Peterson suggests that we should think the same way about the credit industry.
Overall, this is a well-written, engaging book. It's written at just the right intellectual level - this is a serious work, but the writing flows well, and it's free of academic and technical jargon. I hope this book makes people realize that something needs to be done to tame the high-cost credit industry.
Product Description
Your credit score affects every aspect of your financial life including qualifying for loans and mortgages, low interest rates, housing, employment opportunities, and even insurance premiums. Millions of Americans have negative, inaccurate, and unverifiable information on their credit report. Repairing your credit profile is one of the most important financial decisions you can make. You re about to take the important step of taking control of your credit! If you re like the average American, having improved credit will save you thousands of dollars on your loans and credit cards. You do not need a credit repair clinic. Save the money. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost using the plan in this new book. There are federal laws in place to make sure that you can repair problems on your credit report and increase your credit score. These laws are found in the Fair Credit Reporting Act. This book will show you how to use your legal rights to increase your credit score. You will learn how to remove questionable items from YOUR credit reports, including: late payments, collections, judgments, liens, charge offs, bankruptcies, foreclosures, repossessions, and identity fraud. This new book will be your road map to credit repair information, and give you tips on how to maintain a stronger credit profile, repair bad credit, improve credit scores, and correct personal information.
Customer Reviews:
Good source to get back on track.......2007-10-19
I wish I had this book a few years ago. It would have saved me from a few problems I could have easily avoided, even though I thought I was Mr. Know-it-All when it came to credit and debt.
It gives you the low-down on how credit scores are figured out, the agencies that do the reporting and how you can be in trouble based on the number of accounts you have, collection actions against you, past due payments and delinquent accounts.
OK, so you're faced with mounting debt. Relax. You can get back in the game by determining what is causing your growing money problems. The author explains in detail how to use debt-to-income ratio calculations to lower your debt in your monthly budget while including necessary savings in those budgets, as well as using credit counselors, negotiating a payment plan with creditors and other helpful methods.
The book points out how to open safe accounts that will show potential creditors you can pay your bills and save money, and how you can correct inaccuracies in your credit information.
Burrell details the different types of cards and loans to look for in order to maintain a good credit rating on your path to recovery. The more you understand credit, the better you are able to take advantage of the options available, the author explains.
Excellent Resource for Building, Maintaining, and Protecting Your Credit.......2007-10-01
If you're like me, you're familiar with credit reports and maybe even FICO scores. But, if you're like me, you don't know the difference between a credit report and a credit file. You don't know exactly how credit scores are calculated. And you don't know about all the other types of credit collecting and reporting vehicles used to decide whether or not you get the job or medical coverage you applied for. How to Repair Your Credit Score Now provides the answers to these and many other credit-related questions you may not even know to ask.
Burrell's depth of research is impressive. Each chapter, from "What is a Credit Score?" to "Maintaining Good Credit" provides clear, detailed explanations that make it easy to understand credit and how it impacts us. And perhaps more important, they provide the steps and resources to take an active role in building, maintaining, and protecting our credit. For example, Chapter 3, "Credit Scoring Models," explains exactly how credit scores are calculated, and Chapter 5, "Repairing Bad Credit," dispels the myths and scams some debt `repair' agencies use and provides real, concrete actions consumers can take to minimize damage from bad credit.
Throughout How to Repair Your Credit Score Now, Burrell provides illustrative charts, resource contact information, and sample letters to assist you in building, monitoring, disputing, and protecting your credit information. It is an invaluable resource for any one wishing to take an active role in understanding and protecting their credit.
If You're Serious About Fixing Your Credit, This Book's For You!.......2007-09-24
Jamaine Burrell's comprehensive work provides a fundamental understanding, building, and repairing your credit score. Have you ever wondered why you receive copious amounts of credit card solicitations in the mail? Why you can't qualify for a car loan or a mortgage? If so, then Burrell's book is the one for you.
In the simplest of terms, your credit score dictates a great deal of your financial future - the higher your score, the better your credit. Burrell begins by explaining the elements used to calculate your credit score and then how to go about manipulating those elements to your favor. The emphasis of Burrell's book is the importance of maintaining and monitoring your credit score, that, and understanding that there are several sources that provide credit scores including FICO, the Fair Credit Reporting Act, and the Fair and Accurate Transaction Act. Credit scores are then differentiated into either standard credit reports or investigative credit reports.
In general, credit reports can be sold to creditors, lenders, and other business entities, as well as accessed online. Burrell also covers the areas that credit reports can legitimately be used for including the following: medical information; rental agreements; tenant screening; and employment histories. If your credit score needs to be fixed, Burrell's book provides helpful ways to identify building up your credit as well as methods that won't help. Additionally, these useful pieces of advice include how marriage, divorce, and/or the death of a spouse will impact your credit.
Through Burrell's solid research and her ability to connect with the reader, she manages to tutor you in the tangled was of identifying credit professionals to assist you with any of your issues, preventing identify theft, and handling bankruptcy, if necessary. This book provides an excellent resource for people to begin learning about credit and preventing future mistakes or for those currently embroiled in credit problems to hopefully extricate themselves as painlessly as possible.
An important guide for any who would navigate the uncertain world of consumer credit........2007-09-08
HOW TO REPAIR YOUR CREDIT SCORE NOW: SIMPLE NO COST METHODS YOU CAN PUT TO USE TODAY offers detailed insights into the entire realm of how consumer credit works, making it a top pick for any public library general-interest collection. Here are chapters covering the basics how to not only understand the consumer credit system, but how to repair broken credit, save thousands on loans, handle questionable items on credit reports, repair bad credit, and more. An important guide for any who would navigate the uncertain world of consumer credit.
Diane C. Donovan
California Bookwatch
Great overview of a complex subject.......2007-08-28
Credit card debt is has become an inescapable part of modern life: maintaining, protecting and servicing credit has become almost a second full-time job for many Americans. The problem is that most of us don't really understand how our credit records work or how to deal with problems as they arise. For something so critical to our financial lives, most of us remain woefully undereducated about the credit system. Jamaine Burrell's book gives in-depth information on how credit scores are calculated, how to read your credit reports, how to build good credit and how to recover from bumps in the road. It also explains the process of credit counseling, for those times when you can't really do it on your own, and an up-to-date description of filing for bankruptcy, for when you have no other options left. She does an excellent job of explaining the complexities of credit without talking down to her audience. A reader will come away from this book with a fundamental understanding of their credit and, more importantly, an understanding of their rights and options under today's laws.
Average customer rating:
- Great overview of credit basics and how to handle it
- knowledgable and educating
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Credit Card Debt: It Can Cost You Your Life (Lifesaving Strategies to Avoid Debt)
Susan Powell
Manufacturer: Susan Powell
ProductGroup: Book
Binding: Paperback
Budgeting & Money Management
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Money Management for Young People
| Personal Finance
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ASIN: 0972310002 |
Book Description
YOUNG PEOPLE ARE ENTERING THE REAL-WORLD UNPREPARED TO MAKE DECISIONS WITH MONEY- AND DROWNING IN DEBT.
In a fast-paced world that thrives on instant gratification, our young people are falling prey to the temptation of credit cards. Basic skills to make good decisions with money are not taught in school and millions of young people every year are finding themselves buried in debt before age 25.
"Credit Card Debt: It Can Cost You Your Life" is a book that addresses this explosive problem by teaching young people how to demonstrate positive money management and to avoid the credit trap.
This book exposes young people to the dangers of debt by going inside the lives of four people who've been there. It further goes on to reveal simple (and critical) ways to make good decisions with money and shows step by step ways to demonstrate positive money management.
College graduates everywhere say they wish they'd had this book freshman year. Basic financial literacy is a gift evey child deserves. Money is a decision every person must make regardless of where they went to school or what grades they made. "Credit Card Debt: It Can Cost You Your Life" gives answers needed to understand money and further success in a young person's life.
Customer Reviews:
Great overview of credit basics and how to handle it.......2002-12-07
This book is a concise overview of credit basics and gives excellent advise for managing it properly. A great primer for those just entering the "credit market" or those who are starting the slippery slope of credit mis-management. It is also a good refresher for those who need another dose of advise on how to properly budget.
I highly recommend it to high school and college kids who are just starting to get the influx of credit card offers. This book gives them useful insight on handling a tool that often gets abused to their great misfortune.
Susan Powell makes good use of teaching by example in her case studies and gives normally dry information in a well thought out, readable manner.
knowledgable and educating.......2002-10-06
I found this book to be factual along with being extremely easy to understand and comprehend. I wish I had read it 10 years ago I know it would have saved me multiple thousand's of dollars!
I recomend this to anyone that carries even just one credit card so you really learn how the credit card companies make their money off of you.
This book pays for itself over and over again!!!!
Book Description
This digital document is an article from Mortgage Banking, published by Thomson Gale on September 1, 2005. The length of the article is 3769 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: The 2005 Cost of Servicing Study: with fewer new loans flooding into portfolios and old ones not flying out as fast, servicing posted a turnaround in 2004. The latest Mortgage Bankers Association cost study shows direct costs down, productivity up and net operating profit higher as well. Even losses from impairment and amortization only barely took net financial income into negative territory.(SERVICING)
Author: Marina Walsh
Publication:
Mortgage Banking (Magazine/Journal)
Date: September 1, 2005
Publisher: Thomson Gale
Volume: 65
Issue: 12
Page: 70(7)
Distributed by Thomson Gale
Book Description
This digital document is an article from Family Practice News, published by International Medical News Group on July 15, 2004. The length of the article is 820 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Access crisis: AMA says think outside the tax credit box: broad state-based initiatives: a single plan unlikely to work, says AAFP delegate Dr. Michael O. Fleming.(News)
Author: Jennifer Silverman
Publication:
Family Practice News (Magazine/Journal)
Date: July 15, 2004
Publisher: International Medical News Group
Volume: 34
Issue: 14
Page: 1(2)
Distributed by Thomson Gale
Average customer rating:
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AGC introduces energy procurement program as cost-saving partnership for members only.: An article from: Printing News
Joseph P. Grassi
Manufacturer: Cygnus Business Media
ProductGroup: Book
Binding: Digital
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ASIN: B0008F3DHO
Release Date: 2005-07-30 |
Book Description
This digital document is an article from Printing News, published by Cygnus Business Media on April 1, 2002. The length of the article is 1199 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: AGC introduces energy procurement program as cost-saving partnership for members only.
Author: Joseph P. Grassi
Publication:
Printing News (Magazine/Journal)
Date: April 1, 2002
Publisher: Cygnus Business Media
Volume: 148
Issue: 13
Page: 1(3)
Distributed by Thomson Gale
Average customer rating:
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Amerix brings client agencies online at low cost with Cisco IP Contact Center.: An article from: Customer Interaction Solutions
Manufacturer: Technology Marketing Corporation
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ASIN: B0008F1394
Release Date: 2005-06-01 |
Book Description
This digital document is an article from Customer Interaction Solutions, published by Technology Marketing Corporation on November 1, 2002. The length of the article is 355 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Amerix brings client agencies online at low cost with Cisco IP Contact Center.
Publication:
Customer Interaction Solutions (Magazine/Journal)
Date: November 1, 2002
Publisher: Technology Marketing Corporation
Volume: 21
Issue: 5
Page: 80(1)
Distributed by Thomson Gale
Average customer rating:
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Analyzing the costs of credit cards.(Money Management Matters): An article from: Government Finance Review
R. Gregory Michel
Manufacturer: Government Finance Officers Association
ProductGroup: Book
Binding: Digital
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ASIN: B00096LDI8
Release Date: 2005-07-28 |
Book Description
This digital document is an article from Government Finance Review, published by Government Finance Officers Association on June 1, 1996. The length of the article is 2268 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Concerns about transaction fees are inhibiting the efforts of many state and local governments in implementing or expanding credit care acceptance programs. These governments have four options that they may want to consider with regard to credit card acceptance. These are accepting other credit cards, charging fees for various payment options, using 'convenience fees' and absorbing the transaction fee. These options are discussed.
Citation Details
Title: Analyzing the costs of credit cards.(Money Management Matters)
Author: R. Gregory Michel
Publication:
Government Finance Review (Magazine/Journal)
Date: June 1, 1996
Publisher: Government Finance Officers Association
Volume: v12
Issue: n3
Page: p61(3)
Distributed by Thomson Gale
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- Empire of the Bay: An Illustrated History of the Hudson's Bay Company
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- FDA Regulatory Affairs: A Guide for Prescription Drugs, Medical Devices, and Biologics
- FEMININE MISTAKE, THE: ARE WE GIVING UP TOO MUCH?
- Financial Management: Theory and Practice with Thomson ONE
- Get More Money on Your Next Job: 25 Proven Strategies for Getting More Money, Better Benefits, and Greater Job Security
- Grand Avenues: The Story of the French Visionary Who Designed Washington, D.C.
- History: Fiction or Science? (Chronology, No. 1)
- How To Buy Your First Home, Second Edition
- Indispensable: How To Become The Company That Your Customers Can't Live Without
Books Index
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Value Added Risk Management in Financial Institutions: Leveraging Basel II & Risk Adjusted Performance Measurement (Wiley Finance)
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The Standard & Poor's Guide to Measuring and Managing Credit Risk
Operational Risk Control with Basel II: Basic Principles and Capital Requirements
