Effective Product Control : Controlling for Trading Desks

Improve the Effectiveness of your Product Control Function Effective Product Control is a detailed how-to guide covering everything you need to know about the function.Considered essential reading for: New controllers entering the professionAuditors and regulators reviewing product controlEstablished controllers wanting a refresher on the latest skills and core controls within the industry. Encompassing both a technical skills primer and key insights into core controls used to mit­igate major risks emanating from trading desks, you will get expert advice on practical topics such as: The key IFRS and U.S.GAAP accounting standards for a trading deskHow to approach the pricing of a financial instrumentMarket risk and how is it quantifiedThe controls necessary for a trading deskRogue trading and how it can be detectedValuation adjustments and why they are necessaryHow the prices used to value a trading portfolio are independently verifiedThe financial accounting entries used to record financial instruments in the balance sheet and profit & loss statementFinancial reporting and how the results of a trading desk are presentedHow a new financial product can be introduced in a controlled manner Complete with a wealth of insightful graphs, illustrations and real-world examples to enliven the covered material, the dependable answers you need are in Effective Product Control.