The risk (market risk) that affects the value of assets or liabilities outside the trading book (of an entity, e.g.,...

A type of endogenous risk that arises from within the financial system where market participants attempt to outsmart, intercept and...

A reality check in calculating VaR. It involves testing how well the VaR estimates would have performed in the past....

A hedging transaction that meets a host of conditions for qualification as bona fide hedge. The transaction must (1) represent...