Tiêu đề GARP 2023 FRM PART I-Book 3 - Financial Markets and Products.pdf ✅

2023 Financial Markets and Products 9780138052409_FRM23_P1_FMP_TP.indd 1 9/27/22 3:28 PM 00022180-00000003_A01_pi-xvi.indd 1 05/10/22 4:49 PM
Copyright © 2023, 2022, 2021, 2020 by the Global Association of Risk Professionals All rights reserved. This copyright covers material written expressly for this volume by the editor/s as well as the compilation itself. It does not cover the individual selections herein that first appeared elsewhere. Permission to reprint these has been obtained by Pearson Education, Inc. for this edition only. Further reproduction by any means, electronic or mechanical, including photocopying and recording, or by any information storage or retrieval system, must be arranged with the individual copyright holders noted. All trademarks, service marks, registered trademarks, and registered service marks are the property of their respective owners and are used herein for identification purposes only. Pearson Education, Inc., 330 Hudson Street, New York, New York 10013 A Pearson Education Company www.pearsoned.com Printed in the United States of America ScoutAutomatedPrintCode 00022180-00000003 / A103000319320 EEB/MB ISBN 10: 0-138-05240-9 ISBN 13: 978-0-138-05240-9 00022180-00000003_A01_pi-xvi.indd 2 22/09/22 2:55 PM
iii Chapter 1 Banks 1 1.1 The Risks in Banking 2 Market Risks 2 Credit Risks 2 Operational Risks 3 1.2 Bank Regulation 3 Capital 4 The Basel Committee 4 Standardized Models versus Internal Models 4 Trading Book versus Banking Book 5 Liquidity Ratios 5 1.3 Deposit Insurance 5 1.4 Investment Banking 6 IPOs 7 Dutch Auctions 7 Advisory Services 8 Trading 9 1.5 Conflicts of Interest 9 1.6 The Originate to Distribute Model 10 Summary 11 Questions 12 Short Concept Questions 12 Practice Questions 12 Answers 13 Short Concept Questions 13 Solved Problems 13 Chapter 2 Insurance Companies and Pension Plans 15 2.1 Mortality Tables 16 2.2 Life Insurance 16 Whole Life Insurance 16 Term Life Insurance 19 Endowment Life Insurance 19 Group Life Insurance 19 Annuity Contracts 20 Longevity and Mortality Risk 20 Investments 21 2.3 Pension Plans 21 Contents 00022180-00000003_A01_pi-xvi.indd 3 22/09/22 2:55 PM