RESTORING CONFIDENCE IN THE FINANCIAL SYSTEM: SEE-THROUGH LEVERAGE: A POWERFUL NEW TOOL FOR REVEALING AND MANAGING RISK
Book ID/图书代码： 07468510B36459
English Summary/英文概要： "Restoring Confidence" is a ground-breaking book in which a top mathematician, who is also one of the City of London’s most experienced traders, and an experienced City banker explore how confidence in the global financial system was destroyed by the current banking crisis. Drawing on his first hand experience of steering the trading floor at a major European bank, Sean Tully together with Richard Bassett analyse the steps which led up to the crisis and pinpoint precisely one of the main causes of the lending bubble with whose consequences we are all now living today. The authors will explain the intricacies of the regulatory framework of Basel I and Basel II, the two landmark events in banking regulation which ironically laid the foundation for the current crisis.
The authors will then show how a radical and new but easily understood measure of risk, revealed here for the first time, can prevent another such bubble from ever happening again. This new measure, called See-Through-Leverage or STL, could be used to restore faith in the financial system by allowing a rapid means of differentiating between potentially toxic and healthy ’AAA’ rated securities. Armed with STL, investors, rating agencies and regulators alike can cut through the complexity of economic modeling to the nub of the problem: leverage. "
Restoring Confidence" is a vital book for the international business community and interested observer alike. In a globally interconnected world, no-one in any part of Asia, Europe or the Americas can claim to be untouched by the crisis which is now unfolding. How could bankers have got their sums so miserably wrong? How could regulators and politicians have failed to see the storm coming? Above all, how can confidence be restored to get the wheels of the global finance machine working again? "Restoring Confidence" has the solution.
Chinese Summary/中文概要： ★ 索羅斯、葛林斯班、白宮與聯邦儲備理事會都是本書讀者
★ STL：揭露與管理金融商品風險的革命性創新工具，將完全改寫金融市場目前既有風險評估工具內容！
透過STL，投資人將能「快速」辨識出資產的價值：是潛在有毒 or AAA級資產
透過STL，投資人、國際信評機構與立法者將揭開金融結構性商品的神秘面紗，一眼看穿金融商品在高深經濟模型的包裝底下，隱藏在內的「槓桿」〈風險〉係數
STL是數學家與銀行家Sean Tully針對金融產品內含風險所創造出的ㄧ項全新評估方法，這項風險評估工具將完全改寫金融市場對產品風險的既有評估概念！
Sean Tully是任職於歐洲知名銀行的交易室主管，透過第一手市場交易經驗，分析揭露導致目前危機爆發的邁絡過程。作者將對Basel I and Basel II 這兩項規範里程碑立法的複雜內容提出說明，指出這兩項為提升風險控管的立法，諷刺地反而是導致目前危機產生的源頭。
* 新巴塞爾資本協定（英文簡稱Basel II），是由國際清算銀行下的巴塞爾銀行監理委員會（BCBS）所促成，內容針對1988年的舊巴塞爾資本協定（Basel I）做了大幅修改，以期標準化國際上的風險控管制度，提升國際金融服務的風險控管能力
Sean Tully在本書中首次批露ㄧ個全新、顛覆性的風險評估方法，不僅容易了解，更將有效避免下一個泡沫的發生。
透過STL，投資人將能「快速」辨識出資產的價值：是潛在有毒還是AAA級資產。
透過STL，投資人、國際信評機構與立法者更能揭開金融結構性商品的神秘面紗，一眼看穿金融商品在高深經濟模型的包裝底下，隱藏在內的「槓桿」〈風險〉係數。(KC)
Awards/获奖情况：倫敦書展推薦書
有關此書鏈結:
http://www.harriman-house.com/restoringconfidence
YouTube channel: http://www.youtube.com/user/HarrimanHouse
作者暢談本書：
A fabulous video of Sean Tully talking about RESTORING CONFIDENCE IN THE FINANCIAL SYSTEM, links below.
http://www.harriman-house.com/restoringconfidence
and through our YouTube channel:
http://www.youtube.com/user/HarrimanHouse
About the Author/作者介绍： Sean Tully 是倫敦市資歷最豐富的交易員之一。他1985年畢業自紐約州大學，主修數學，後在克拉克森大學繼續攻讀數學碩士學位，並在伊利諾州從事數學研究工作。
1988年他離開學術界，加入花旗銀行，負責花旗短期利率票券交易。Sean在1996年被指派為花旗全球美國利差交易的部門總監。1999年他加入德國WestLB銀行，擔任全球衍生性金融商品與固定收益部門紐約區主管。2005年被拔擢擔任WestLB在倫敦分行的結構信貸部門主管。他目前是WestLB信貸與新興市場交易部門的主管。
Richard Bassett畢業自劍橋法律系，之後取得藝術史碩士學位。他在1980年代初到冷戰結束期間，在時代雜誌擔任外電記者。他有多本著作，傳記作品尤其獲得好評。他目前在WestLB倫敦分行擔任策略與企業溝通部門主管。
Format:HARDCOVER
Rights Status/版权销售情况：Simplified Chinese/简体中文：AVAILABLE(到期可授)
Complex/Traditional Chinese/繁体中文：AVAILABLE
Sales in other countries/其他国家销售情况：
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