In order for risk managers to succeed in today's complex financial landscape, they need
a solid understanding of the world's major financial markets, the roles these markets play
in the international arena, the risk strategies for each, and the new crop of financial
instruments that involve multiple markets.
The Professional Risk Managers' Guide to Financial Markets examines how financial risk
management takes place in the world's major financial markets. Featuring contributions by
financial leaders from around the world, this unique reference helps you to protect
investments as it relates to the specifics of each sector, and takes you step-by-step
through pertinent markets, including:
- Money - securities with governments and corporations; and the repo market for borrowing
or lending on a secured basis
- Bond - government, agency, corporate, and municipal bonds; bond markets in major
countries; and international bond markets
- Foreign Exchange - quotation conventions, brokers, cross rates, theories of exchange
rates, central bank policies, forward rates, currency swaps
- Stock - types, market indices, liquidation, dividends, dividend-based stock valuation;
primary and secondary markets, market mechanics, and options on stocks
- Futures - the main exchange-traded markets, options, specifications of contracts, the
use of futures for hedging, market-to-market procedures, expiration conventions, and
market participants
- Commodities - the spot market; commodity forwards; futures; delivery and settlement;
price term structure; short squeezes; and regulations
The Professional Risk Managers' International Association (PRMIA) is a higher standard
for risk professionals with more than 50,000 members from over 180 countries. A
non-profit, member-led association of professionals, PRMIA is dedicated to advancing the
standards of the profession worldwide through the free exchange of ideas. PRMIA offers the
only globally endorsed Professional Risk Manager (PRMTM) certification program, pursued by
over 2,500 active candidates in more than 95 countries.
Carol Alexander is Professor of Risk Management and Director of Research at the ICMA
Centre, UK and Chair of the Academic Advisory Council of PRMIA.
Elizabeth Sheedy is an Associate Professor at the Macquarie Applied Finance Centre in
Sydney, Australia.
400 pages, Hardback
