Correlation risk modeling and management : an applied guide including the Basel III correlation framework-- with interactive models in Excel/VBA / Gunter Meissner. [electronic resource] Meissner, Gunter, 1957- Financial risk Mathematical models. Correlation (Statistics) HG106 658.15 23 Includes bibliographical references and index. Online resource; title from PDF title page (Wiley, viewed Jan. 6, 2014). The first rigorous guide to cover the topic of correlation risk. A relatively overlooked type of risk until it caused major unexpected losses during the financial crisis of 2007 through 2009, correlation risk has become a major focus of the risk management departments in major financial institutions, particularly since Basel III specifically addressed correlation risk with new regulations. The book offers a rigorous explanation of the topic, revealing new and updated approaches to modelling and risk managing correlation risk. It features interactive models in Excel/VBA, an accompanying website with further materials, and problems and questions at the end of each chapter. The guide is ideal for anyone studying for CFA, PRMIA, CAIA, or other certifications. -- Edited summary from book. Singapore : Wiley, ©2014. ©2014. 2014 Text 1 online resource. http://onlinelibrary.wiley.com/book/10.1002/9781118809204 eng Wiley finance series Wiley finance series. Correlation risk modeling and management : an applied guiincluding the basel III correlation framework-with interactive models in excel/vba. Correlation risk modeling and management : an applied guiincluding the basel III correlation framework-with interactive models in excel/vba.