Contingency Analysis

Financial Risk Management

Glyn A. Holton

Welcome to the Contingency Analysis family of websites, an extensive resource on financial risk management in the capital, commodity and energy markets. There is also information on trading, financial engineering, corporate governance and financial regulation. You can download my published research. There is information on my consulting and training services.

I am an author and consultant with twenty years experience managing financial risk. I launched this family of websites in 1996. Over the years, the sites have had many changes. They have always been a preeminent destination for professionals confronting financial risk.

The Websites

GlynHolton.com: A blog about financial risk management and related topics.
RiskEncyclopedia.com: An encyclopedia on risk, trading, financial engineering, corporate governance and regulation.
Value-at-Risk.net: The website for my book Value-at-Risk: Theory and Practice.
RiskArchive.com: 15,000 archived postings to the Financial Risk Management Forum over the period 1996 – 2009.
United States Proxy Exchange: A non-profit organization that facilitates corporate governance and shareowner rights.

Services

Consulting: I provide high-level consulting in the measurement and management of financial risk in the capital, commodity and energy markets.
Training: I offer corporate training in value-at-risk and financial mathematics.

Publications

Holton, Glyn A. (2004). Defining risk, Financial Analysts Journal, 60 (6), 19–25.
Holton, Glyn A. (2003). Negatively skewed trading strategies, Derivatives Week, 12 (42), 8–9.
Holton, Glyn A. (2003). Value-at-Risk: Theory and Practice, San Diego: Academic Press.

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From the Archives

What is “trading the skew” and what are the risks? Read …
Intuitively, why must a correlation matrix be positive definite or positive semidefinite? Read …
How to respond if your VaR measure fails a regulatory backtest? Read …
Are there any quality journals for financial risk management? Read …
Career advice: transitioning to quantitative finance. Read …
What is a product controller’s task, and how does it differ from risk management? Read…

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Latest Blog Posts

Abolishing Corporate Personhood: Be Careful What You Ask For. October 19, 2011
Following the Supreme Court’s landmark decision in Citizens United, calls for the abolition of corporate personhood have multiplied. Noam Chomsky, Al Gore and Ralph Nader are advocates. Occupy Wall Street protesters mention it as a possible demand. Move to Amend is a coalition of organizations and individuals pursuing a constitutional amendment. Be careful w […]
Zombie Glass–Steagall October 13, 2011
On Tuesday, the FDIC released proposed rules for implementing Section 619 of the Dodd-Frank Act—the so-called Volcker Rule. On Wednesday, the SEC did the same. This is a joint effort of the FDIC, Federal Reserve Board, SEC and OCC. Their—largely identical—proposed rules are based on a 79 page study released by Tim Geithner’s Department of […]
“The World’s Largest Hedge Fund Is A Fraud.” August 30, 2011
I recently attended a screening of the new documentary Chasing Madoff about a financial analyst, Harry Markopolos, who uncovered Bernie Madoff’s Ponzi scheme and spent almost a decade trying to get the SEC to investigate. One of his filing with the SEC was entitled The World’s Largest Hedge Fund Is A Fraud, but that wasn’t enough […]
Risk Archive: Preserving a Financial Knowledge Base July 30, 2011
Who remembers RiskChat.com, a forum on financial risk management that I had the pleasure and honor of hosting from 1996 to 2009? It was the go-to website for financial professionals to discuss risk management, trading, financial engineering and a host of related topics. Over its life, the forum accumulated some 15,000 posts, a valuable knowledge base […]