Learning From Financial Disasters (FRM Part 1 2020 – Book 1 – Chapter 9)

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Published at : 11 Dec 2020
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AnalystPrep's FRM Part 1 Video Series
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The written summary can be found here: https://analystprep.com/study-notes/frm/part-1/financial-disasters/

After completing this reading, you should be able to analyze the key factors that led to and derive the lessons learned from case studies involving the following risk factors:
- Interest rate risk, including the 1980s savings and loan crisis in the US
Funding liquidity risk, including Lehman Brothers, Continental Illinois, and Northern Rock
- Implementing hedging strategies, including the Metallgesellschaft case
Model risk, including the Niederhoffer case, Long Term Capital Management, and the London Whale case
- Rogue trading and misleading reporting, including the Barings case
- Financial engineering and complex derivatives, including Bankers Trust, the Orange County case, and Sachsen Landesbank
- Reputational risk, including the Volkswagen case
- Corporate governance, including the Enron case
- Cyber risk, including the SWIFT case
financial risk managerfrmfrm 2020

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