This book is only available as an ebook
The 2007-2009 financial turmoil has highlighted the importance of risks and weaknesses in credit derivatives and structured finance market. During the last two years, the Basel Committed and the G20 have supplemented the prudential framework of these markets.
This book provides a complete overview of the revised regulatory framework for securitization, credit derivatives and structured credit products that will be, subject to the current discussions, in force by the end of the period 2010-12.
It presents four key items complementing thoroughly Jean-Luc's previous book :
The international supervision framework in which banks are evolving;
The counterparty risk mitigation for credit derivatives and other OTC derivatives; and
A complete overview of the revised capital requirements framework for credit derivatives, securitizations and credit products both in the banking book and in the trading book ;
The prudential treatment of counterparty credit risk.
About the Author
Jean-Luc Quémard is a specialist in international banking at the French Banking Commission – the regulator of the French banking system. He has been involved in the implementation of the capital accord – Basel II – and in overseeing processes involved with credit derivatives and synthetic securitization within the banking industry.
Jean-Luc obtained a postgraduate degree in finance and business administration from the Autonomous University of Madrid in 1993, after graduating from a French business schools in France. He also has a degree in anthropology from Brittany University.
He joined the Bank of France in 1994. He worked in the central bank and held a number of supervisory positions. His experience has led him to supervise leading banking institutions and deal with many structured products.
Jean-Luc is the author of Dérivés de Crédit (Revue Banque Edition, 2003), Credit Derivatives, Securitizations, and the new Regulatory Environment (Institutional Investors Books, 2005).
He delivers lectures on Basel II and conducts training on such subjects as securitization and credit derivatives.