{"product_id":"the-xva-challenge-by-jon-gregory-9781119508977","title":"The xVA Challenge","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cem\u003eThe xVA Challenge\u003c\/em\u003e offers a thoroughly updated and expanded view of the evolving field of derivatives valuation following the global financial crisis. The rise of valuation adjustments, commonly referred to as ‘xVAs’, has led to a significant re-assessment of how derivatives are priced and valued. Understanding xVA is now essential for all derivatives users, as the topic is complex and broadened by accounting standards and regulatory demands.\u003c\/p\u003e\n\n\u003cp\u003eThis book delves into counterparty credit risk, outlining various risk mitigation strategies and how they contribute to different xVA terms. It explains the substantial shift in banks' approaches to pricing, valuing, and managing derivatives. The text clarifies the industry's interpretation of xVA and its application by banks, financial institutions, and derivatives end-users.\u003c\/p\u003e\n\n\u003cp\u003eThe book also covers the implications of underlying regulatory capital requirements, such as SA-CCR and SA-CVA, and liquidity requirements like NSFR and LCR, on xVA. It highlights the notable impact of funding costs, collateral effects, and capital charges on valuation and how evolving accounting standards account for CVA, DVA, FVA, and potentially additional valuation adjustments.\u003c\/p\u003e\n\n\u003cul\u003e\n  \u003cli\u003eExplains all valuation adjustments in detail – CVA, DVA, FVA, ColVA, MVA, and KVA – and their interconnections.\u003c\/li\u003e\n  \u003cli\u003eDiscusses the quantification of xVA terms through modelling and implementation techniques.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cem\u003eThe xVA Challenge\u003c\/em\u003e equips readers with the latest developments, considering market dynamics and the new regulatory landscape, ensuring an up-to-date comprehension of the subject.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47000826020076,"sku":"9781119508977","price":171.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/120fec73b7e7eec7dd6451a505f8ff9e.jpg?v=1763323111","url":"https:\/\/bookhero.pro\/products\/the-xva-challenge-by-jon-gregory-9781119508977","provider":"Book Hero","version":"1.0","type":"link"}