Collateral Management: A Guide to Mitigating Counterparty Risk

by Michael Simmons

Insight into collateral management and its increasing relevance in modern banking In the wake of recent financial crises, firms of all sizes have adjusted their policies to incorporate more frequent instances of collateral management. Collateral A Guide to Mitigating Counterparty Risk explains the connection between the need for collateral management in order to alleviate counterparty risk and the actions that firms must take to achieve it. Targeted at middle and back office managers seeking a hands-on explanation of the specifics of collateral management, this book offers a thorough treatment of the subject and attends to details such as internal record management, daily procedures used in making and receiving collateral calls, and settlement-related issues that affect the movements of cash and securities collateral. An expert in financial topics ranging from trade lifecycle to operational risk, author Michael Simmons offers readers insight into a field that, so far, is struggling to produce enough expertise to meet its high demand. Since 2008, firms have recognized and embraced the importance of collateral management, but this book will provide practitioners with a deeper understanding and appreciation of its relevance.

Genres: Finance

752 pages, Hardcover

First published April 1, 2013

About the author

Librarian note: there are several authors on Goodreads with this name. This is Michael^Simmons, the default profile.

~~~

Reviews

[Christopher Barrett · Rating 5 out of 5]

As a person who has worked in Collateral on the IT side, this book has so much valuable information. As with most books that work on topics regarding regulation, some of the info can get old fast. However the depth and care the author took in making this content is appreciated. This is a great reference guide and a good book for people wanting to enter the space.

[Robin Michael · Rating 4 out of 5]

skim read - excellent, well structured, practical, concise