風險管理基礎是是現代商業銀行核心競爭力的重要組成部分，具備領先的風險管理能力和水平成為商業銀行重要的核心競爭力。而在FRM考試中著重于風險管理的基本概念以及風險管理如何為組織增加價值。

下面小編介紹一下風險管理基礎的內容體系

Foundations of Risk Management 風險管理基礎

Chapter1 The Building Blocks of Risk Management 第一章：風險管理基礎

1.1 Typology of Risk and Risk Interactions 風險類型及相互影響

Markets Risk 市場風險

Credit Risk 信用風險

Liquidity Risk 流動性風險

Operational Risk 操作風險

Business and Strategic Risk 業務和戰略風險

Reputation Risk 聲譽風險

1.2 The Risk Management Process 風險管理的過程

1.3 Identifying Risk: Knowns and Unknowns 識別風險：已知和未知

1.4 Quantitative Risk Metrics 定量風險度量

Expect the Unexpected 期待意外

From Unexpected to Extreme Risky Relationships 從意外到極端危險的關系

Value-at-Risk 風險價值

Expected Shortfall 預期損失，期望短缺

1.5 Risk Factor Breakdown and Interactions Between Factors 風險因素分析和因素之間的相互影響

1.6 Structural Change: From Tail Risk to Systemic Crisis 結構變化：從尾部風險到系統性危機

1.7 Human Agency and Conflicts of Interest 人事代理和利益沖突

1.8 Risk Aggregation 風險聚合

1.9 Balancing Risk and Reward 平衡風險和收益

1.10 Enterprise Risk Management (ERM): More Than Adding Up Risk? 全面風險管理：不僅僅是把風險加起來？

Chapter2 How Do Firms Manage Financial Risk? 第二章：公司如何管理財務風險（金融風險）？

2.1 Background: The Modern Imperative to Manage Risk 背景：現代風險管理的必要性

Risks from Using Risk Management Instruments 使用風險管理工具的風險

Hedging Philosophy 對沖哲學

2.2 Risk Appetite——What is It? 風險偏好——它是什么？

2.3 Risk Mapping 風險定位？

2.4 Strategy Selection: Accept, Avoid, Mitigate, Transfer 策略選擇：接受、避免、緩解、轉移

2.5 Rightsizing Risk Management 調整風險管理

2.6 Risk Transfer Toolbox 風險轉移工具

Beer and Metal 啤酒和金屬

Airline Risk Management 航空公司風險管理

Turbulence Ahead 前方的動蕩

Interest Rate Risk And Foreign Exchange Risk Management 利率風險和外匯風險管理

2.7 What Can Go Wrong in Corporate Hedging? 企業套期保值會出什么問題？

Chapter3 The Governance of Risk Management 第三章：風險治理

3.1 The Post-Crisis Regulatory Response 危機后的監管對策

After the Crisis: Industry Restructuring and the Dodd-Frank Act 危機后：行業重組和多德 - 弗蘭克法案

The European Regulatory Response to the GFC: SREP and EBA Stress Tests 歐洲監管機構對GFC的回應：SREP和EBA壓力測試

3.2 Infrastructure of Risk Governance 風險治理的基礎設施

The Board and Corporate Governance from Corporate Governance to Best-Practice Risk Management 董事會與公司治理——從公司治理到最佳實踐風險管理

3.3 Risk Appetite Statement 風險偏好評估報告

3.4 Implementing Board-Level Risk Governance 實施董事會級別的風險治理

The Board Audit Committee 董事會審計委員會

The Evolving Role of a Risk 風險的演變作用

Advisory Director 顧問總監

The Special Role of the Board Risk Management Committee 董事會風險管理委員會的特殊作用

3.5 Risk Appetite and Business Strategy: The Role of Incentives 風險偏好與商業戰略：激勵的作用

The Role of the CRO 首席風險官的作用

Limits Policies 限制政策

Monitoring Risk 監控風險

3.6 Incentives and Risk-Taking 激勵和冒險

3.7 The Interdependence of Organizational Units in Risk Governance 風險治理中組織單元的相互依賴性

3.8 Assessing the Bank’s Audit Function 評估銀行的審計職能

Chapter4 Credit Risk Transfer Mechanisms 第四章：信用風險轉移機制

4.1 Overview of Credit Risk Transfer Mechanisms 信用風險轉移機制概述

4.2 How Credit Risk Transfer Can Be Useful 信用風險轉移如何有用

4.3 The Mechanics of Securitization 證券化的機制

4.4 From Buy-and-Hold to Originate-to-Distribute 從買入并持有到發行

Chapter5 Modern Portfolio Theory and Capital Asset Pricing Model 第五章：現代投資組合理論和資本資產定價模型

5.1 Modern Portfolio Theory 現代投資組合理論

5.2 The Capital Asset Pricing Model 資本資產定價模型

5.3 The Capital Market Line and the Security Market Line 資本市場線和證券市場線

5.4 Estimating Beta 估計β

5.5 Performance Measures 績效衡量

Sharpe Performance Index 夏普績效指數

Treynor Performance Index 特雷納性能指數

Jensen’s Performance Index 詹森績效指數

Link Between the Treynor and Jensen’s Performance Measures

Treynor和Jensen績效指標之間的聯系

Sortino Ratio Sortino比率

Information Ratio 信息率

Chapter6 The Arbitrage Pricing Theory and Multifactor Models of Risk and Return 第六章：套利定價理論與風險與收益的多因素模型

6.1 The Arbitrage Pricing Theory 套利定價理論

Macroeconomic Factor Models 宏觀經濟因素模型

Fundamental Factor Models 基本因素模型

Statistical Factor Models 統計因子模型

6.2 Different Types of Factor Models 不同類型的因子模型

6.3 Factor Analysis in Hedging Exposure 套期保值風險敞口的因子分析

Chapter7 Principles for Effective Data Aggregation and Risk Reporting 第七章：有效數據匯總和風險報告的原則

7.1 Introduction 引言

7.2 Benefits of Effective Risk Data Aggregation and Reporting 有效的風險數據匯總和報告的好處

7.3 Key Governance Principles 關鍵治理原則

7.4 Data Architecture and IT Infrastructure 數據體系結構和IT基礎設施

7.5 Characteristics of a Strong Risk Data Aggregation Capability 具有強大的風險數據聚合能力的特點

7.6 Characteristics of Effective Risk Reporting Practices 有效風險報告實踐的特點

Conclusion 結論

Appendix 附錄

Compliance Levels of 30 Banks 30家銀行的合規水平

Chapter8 Enterprise Risk Management and Future Trends 第八章：全面風險管理和未來趨勢

8.1 ERM: What Is It and Why Do Firms Need It? ERM：它是什么？企業為什么需要它？

8.2 ERM——A Brief History 簡史

8.3 ERM: From Vision to Action 從愿景到行動

8.4 Why Might Enterprise Risk Demand ERM: Four Key Reasons 企業風險為何需要ERM：四個關鍵原因

Top to Bottom——Vertical Vision Are There Potentially Dangerous 從上到下——垂直視野是否存在潛在危險

Concentrations of Risk within the Firm? 公司內部的風險集中度？

Thinking Beyond Silos 超越西洛斯的思考

Risk Retention Decisions: Self-Insurance and Captive Insurance 風險保留決策：自我保險和專屬自保

8.5 The Critical Importance of Risk Culture 風險文化的關鍵重要性

Discussion——Five Culture Clashes 討論——五種文化沖突

8.6 Scenario Analysis：ERM’s Sharpest Blade? 場景分析：ERM最鋒利的刀片？

Scenario Analysis Before the Global Financial Crisis 全球金融危機前的情景分析

Post-Crisis Trends in Scenario Building Stress Testing in Europe: Future 歐洲情景構建壓力測試的危機后趨勢：未來

Directions 方向

8.7 ERM and Strategic Decisions 企業風險管理與戰略決策

8.8 Conclusion：Risk Management and the Future 結論：風險管理與未來

Chapter9 Learning from Financial Disasters 第九章：從金融災難中吸取教訓

9.1 Interest Rate Risk 利率風險

The Savings and Loan Crisis 儲蓄和貸款危機

9.2 Funding Liquidity Risk 融資流動性風險

Liquidity Crisis at Lehman Brothers 雷曼兄弟的流動性危機

Liquidity Crisis at Continental illinois Northern Rock——Liquidity and Business Models 伊利諾伊州北部巖石大陸的流動性危機——流動性和商業模式

Lessons Learned 經驗教訓

9.3 Constructing and Implementing a Hedging Strategy 構建和實施對沖策略

Metallgesellschaft ——How a Dynamic Hedging Strategy Can Go Wrong 金屬公司——對沖策略如何出錯？

Hedging Considerations 對沖考慮

9.4 Model Risk 模型風險

Wrong Assumptions——The Niederhoffer Put Options 錯誤的假設——尼德霍夫看跌期權

Lone Term Capital Management and Model Risk: When “Normal” Relationships Breakdown 長期資本管理和模型風險：“正常”關系破裂時

Trading Models 交易模式

Risk Measurement Models and Stress Testing 風險度量模型和壓力測試

Model Risk and Governance—— The London Whale 模型風險與治理——倫敦鯨

Setting the Scene 布景

The Risk Exposure Grows 風險敞口在增加

Operational Risk 操作風險

Corporate Governance: Poor Risk Culture 公司治理：糟糕的風險文化

Model Risk: Fudging VaR Models 模型風險：偽造VaR模型

9.5 Rogue Trading and Misleading Reporting 流氓交易和誤導性報道

Barings,1995 巴林，1995年

9.6 Financial Engineering 金融工程

The Risks of Complex Dervatives 復雜債務的風險

The Case of Excess Leverage and Complex Financial Instruments: Orange County 過度杠桿和復雜金融工具案例：奧蘭治縣

The Case of Investing in AAA Tranches of Subprime CDOs: Sachsen 投資AAA級次級CDO的案例：薩克森

9.7 Reputation Risk 聲譽風險

Volkswagen Emission Cheating Scandal 大眾汽車排放作弊丑聞

9.8 Corporate Governance 公司治理

Enron 安然;安隆;美國安然公司;恩隆;安隆公司

Aftermath 后果

9.9 Cyber Risk 網絡風險

The SWIFT Case 斯威夫特案

Conclusion 結論

Chapter10 Anatomy of the Great Financial Crisis of 2007-2009 第十章：2007-2009年大金融危機剖析

10.1 Introduction and Overview 導言和概述

10.2 How It All Started 這一切是怎么開始的

10.3 The Role of Financial Intermediaries 金融中介機構的作用

10.4 Issues with the Rating Agencies 評級機構的問題

10.5 A Primer on the Short-Term Wholesale Debt Market 短期批發債券市場入門

10.6 The Liquidity Crunch Hits 流動性緊縮來襲

10.7 Valuation Uncertainty and Transparency Issues 估值不確定性和透明度問題

10.8 Central Banks to the Rescue 各國央行出手相救

10.9 Systemic Risk in Action 行動中的系統性風險

Chapter11 GARP Code of Conduct 第十一章：GARP行為準則

11.1 Introductory Statement 介紹性發言

11.2 Code of Conduct 行為準則

1.Principles 原則

2.Professional Standards 專業標準

11.3 Rules of Conduct 行為準則

1.Prifessional Integrity and Ethical Conduct 職業操守和道德行為

2. Conflict of Interest 利益沖突

3. Confidentiality 保密性

4. Fundamental Responsibilities 基本責任

5. General Accepted Practices 一般公認做法

11.4 Applicability and Enforcement Index 適用性和執行指數