The Essentials of Risk Management

Enhanced descriptions from Syndetics:

Lapses in risk control often lead to substantial financial losses by a company. Long Term Capital Management, Barings, Morgan Grenfell Asset Management, Daiwa and Sumitomo Corporation are household names because they lost huge amounts of money as a result of failures in their control systems. A break-down in risk control eventually costs the shareholder money, directly or indirectly, either by being forced to inject more capital or by seeing the equity lose value when losses resulting from risk control failures become public knowledge. How a company's board and senior management manage and control risk is thus key to success. As more companies implement risk management methods and teams, it becomes increasingly clear that corporations and banks must have a firm grip on risk control. This is a simplified and much shorter version of the authors' very successful Risk Management. There is a focus on concrete results oriented tips and analysis, while covering the entire field of risk management: policies, methodologies, hedging strategies (including derivatives, credit risk, and securitization), and technology infrastructure. Key topics include: Integrated risk management: how to unders