Six Sigma Improvements for Basel III and Solvency II in Financial Risk Management: Emerging Research and Opportunities

Six Sigma Improvements for Basel III and Solvency II in Financial Risk Management: Emerging Research and Opportunities

Vojo Bubevski (Independent Researcher, UK)
Release Date: October, 2018|Copyright: © 2019 |Pages: 235
ISBN13: 9781522572800|ISBN10: 1522572805|EISBN13: 9781522572817|DOI: 10.4018/978-1-5225-7280-0

Description

Ever-increasing attacks against individual and corporate finances over the past few decades prompt swift action from the realm of financial management. Advances in protection as well as techniques for controlling these disasters is instrumental for financial security and threat prevention.

Six Sigma Improvements for Basel III and Solvency II in Financial Risk Management: Emerging Research and Opportunities explores the theoretical and practical aspects of Six Sigma DMAIC methods and tools to improve the financial risk management process and applications within finance, research and development, and software engineering. Featuring coverage on a broad range of topics such as controlling VAR, financial institution evaluations, and global limit systems, this book is ideally designed for financial managers, risk managers, researchers, and academics seeking current research on financial risk management to ensure that uncertainty does not affect, or at least has a minimal impact on, the achievement of goals within a financial institution.

Topics Covered

The many academic areas covered in this publication include, but are not limited to:

  • Alternative Measures
  • Banking Analysis
  • Cash Flow
  • Financial Institution Analysis
  • Foreign Exchange Options
  • Global Limit Systems
  • Retail Banking
  • Risk Management
  • Six Sigma
  • Stochastic Optimization

Table of Contents and List of Contributors

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Author(s)/Editor(s) Biography

Vojo Bubevski comes from Berovo in Macedonia where he completed the primary and secondary school. He graduated from the University of Zagreb, Croatia in 1977, with a degree in Electrical Engineering - Computer Science and Informatics. He started his professional career in 1978 as an Analyst Programmer at Alkaloid Pharmaceuticals, Skopje in Macedonia. At Alkaloid, he worked on applying Operations Research methods to solve commercial and pharmaceutical technology problems from 1982 to 1986. For these applications, he developed his own software for optimisation including linear and non-linear programming, dual algorithm and integer programming. In this period, he was a part-time lecturer at the “Koco Racin” Open University in Skopje, for which he published a couple of textbooks. Since 2007, he has been doing practical research in applications of Risk & Decision Analysis and providing consulting services on the subject. His work evolved and resulted in a new generic and practical Six Sigma approach to Risk Management. IGI Global published his first book on application of the Six Sigma approach to Risk Management across industries. In this book, he presents the application of this approach in financial risk management.