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 profession • Auditors and regulators reviewing product control • Established 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 desk • How to approach the pricing of a financial instrument • Market risk and how is it quantified • The controls necessary for a trading desk • Rogue trading and how it can be detected • Valuation adjustments and why they are necessary • How the prices used to value a trading portfolio are independently verified • The financial accounting entries used to record financial instruments in the balance sheet and profit & loss statement • Financial reporting and how the results of a trading desk are presented • How 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.
