{"product_id":"9781119508977","title":"The xVA Challenge Counterparty Risk, Funding, Collateral, Capital and Initial Margin","description":"\u003ch3\u003eWiley Finance\u003c\/h3\u003e\u003ch1\u003eThe xVA Challenge\u003c\/h1\u003e\u003ch2\u003eCounterparty Risk, Funding, Collateral, Capital and Initial Margin\u003c\/h2\u003e\u003ch3\u003eJon Gregory\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Finance \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003e\u003cb\u003eA thoroughly updated and expanded edition of the xVA challenge\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe period since the global financial crisis has seen a major re-appraisal of derivatives valuation, generally expressed in the form of valuation adjustments (‘xVAs’). The quantification of xVA is now seen as fundamental to derivatives pricing and valuation. The xVA topic has been complicated and further broadened by accounting standards and regulation. All users of derivatives need to have a good understanding of the implications of xVA. The pricing and valuation of the different xVA terms has become a much studied topic and many aspects are in constant debate both in industry and academia.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscussing counterparty credit risk in detail, including the many risk mitigants, and how this leads to the different xVA terms\u003c\/li\u003e \u003cli\u003eExplains why banks have undertaken a dramatic reappraisal of the assumptions they make when pricing, valuing and managing derivatives\u003c\/li\u003e \u003cli\u003eCovers what the industry generally means by xVA and how it is used by banks, financial institutions and end-users of derivatives\u003c\/li\u003e \u003cli\u003eExplains all of the underlying regulatory capital (e.g. SA-CCR, SA-CVA) and liquidity requirements (NSFR and LCR) and their impact on xVA\u003c\/li\u003e \u003cli\u003eUnderscores why banks have realised the significant impact that funding costs, collateral effects and capital charges have on valuation\u003c\/li\u003e \u003cli\u003eExplains how the evolution of accounting standards to cover CVA, DVA, FVA and potentially other valuation adjustments\u003c\/li\u003e \u003cli\u003eExplains all of the valuation adjustments – CVA, DVA, FVA, ColVA, MVA and KVA – in detail and how they fit together\u003c\/li\u003e \u003cli\u003eCovers quantification of xVA terms by discussing modelling and implementation aspects.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eTaking into account the nature of the underlying market dynamics and new regulatory environment, this book brings readers up to speed on the latest developments on the topic.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cp\u003e\u003cb\u003eJON GREGORY, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e is an independent expert specialising in counterparty risk and related aspects. He has worked on many aspects of credit risk in his career, being previously with Barclays Capital, BNP Paribas and Citigroup. He is a senior advisor for Solum Financial Derivatives Advisory and is a faculty member for the Certificate of Quantitative Finance (CQF). Jon has a PhD from Cambridge University. \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e07 July 2020\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781119508977\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e704\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e47.2\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44315642003596,"sku":"9781119508977","price":91.8,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119508977_212718a1-34bb-41ce-88a1-03f245d11c42.jpg?v=1780156596","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781119508977","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}