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This edited collection comprehensively addresses the widespread regulatory challenges uncovered and changes introduced in financial markets following the 2007-2008 crisis, suggesting strategies by which financial institutions can comply with stringent new regulations and adapt to the pressures of close supervision while responsibly managing risk. It covers all important commercial banking risk management topics, including market risk, counterparty credit risk, liquidity risk, operational risk, fair lending risk, model risk, stress test, and CCAR from practical aspects. It also covers major components of enterprise risk management, a modern capital requirement framework, and the data technology used to help manage risk. Each chapter is written by an authority who is actively engaged with large commercial banks, consulting firms, auditing firms, regulatory agencies, and universities. This collection will be a trusted resource for anyone working in or studying the commercial banking industry.

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PART I: REGULATORY CAPITAL AND MARKET RISK 1. Regulatory Capital in Basel III; Weidong Tian 2. Market Risk Modeling Framework under Basel; Han Zhang PART II: COUNTERPARTY CREDIT RISK 3. IMM Approach for Managing Counterparty Credit Risk; Deming Zhuang 4. XVAs in the Wake of the Financial Crisis; John Carpenter PART III: LIQUIDITY RISK, OPERATIONAL RISK, AND FAIR LENDING RISK 5. Liquidity Risk Management; Larry Li 6. Operational Risk Management; Todd Pleune 7. Fair Lending Risk Management; Maia Berkane PART IV: MODEL RISK MANAGEMENT 8. Caveat Numerus: How Business Leaders Can Make Quantitative Models More Useful; Jeffrey Gerlach, James B. Oldroyd 9. Model Risk Management under the Current Environment; Dong (Tony) Yang PART V: STRESS TEST AND CCAR 10. The Effects of Macroeconomic Scenarios in Forecasting; Steven Zhu 11. Estimating the Impact of Model Limitations in Capital Stress Testing; Brain A. Todd, Douglas Gardner, Valeriu (Adi) Omer PART VI: MODERN RISK MANAGEMENT TOOLS 12. Quantitative Risk Management Tools for Practitioners; Roy E. DeMeo 13. Modern Simulation Tools for Risk Management; Yimin Yang PART VII: RISK MANAGEMENT AND TECHNOLOGY 14. GRC Technology Introduction; Jeff Recor, Hong Xu 15. GRC Technical Fundamentals; Jeff Recor, Hong Xu PART VIII: RISK MANAGEMENT CHALLENGES AND FUTURE DIRECTIONS 16. Quantitative Finance in the Post Crisis Financial Environment; Kevin Oden

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