The Practice of Risk Management

By Euromoney Books

Book Overview

This title is designed to be accessible to both technical and non-technical readers. The Practice of Risk Management is unique in its presentation of information and techniques indispensible to any... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 1855646277
• ISBN13: 9781855646278
• Release Date: January 1998
• Publisher: Euromoney
• Length: 264 Pages
• Weight: 2.24 lbs.
• Dimensions: 7.8" x 0.9" x 10.6"

Customer Reviews

What the market says about The Practice of Risk Management

"Have you ever wondered about how people work in risk management departments of leading banks? What is the tisk culture like? How does the risk management process work? What risk analyses and reports do they use? Go to the 1998 book, The Practice of Risk Management; you will find the answers to all those questions. A collective effort by a dedicated team from both Goldman Sachs and SBC Warburg Dillon Read, the 265-page book is the first treaty of its kind in describing the firmwide risk mangement landscape in these two leading financial institutions. With a delicate balance between conceptual discussion and practical examples, the book takes 4 sections and 20 chapters to cover the context of risk management, the toolkit for measuring market risk, risk management in the real world, and the changing world of risk management. Besides mainstream topics such as firmwide risk mangement framework, risk measurement, and regulatory issues, the book contains detailed presentation of risk reports, and in-depth discussion on risk capital management. For example, there are detailed examples of stress test reports, hot spots reports, best replicating portfolio reports, and implied view reports. These are tactical reports that explain a lot about the risk profile of portfolios in addition to VaR reports. The issue of capital allocation and capital investment have been examined carefully and a general framework of measuring risk adjusted performance (RAPM) is presented. The book finishes with a whole chapter on the future prospects of risk management 10 uears down the road using FutureCo as an illustrative example. Read it to see if you agree! As a guide for practitioners, The Practice of Risk Management is a unique contribution to the risk management community. I highly recommend it to all practitioners in risk mangagement