Book description
The “bible” of risk management—fully updated for an investing landscape dramatically altered by social and technological upheavals
When it was first published in 2005, The Essentials of Risk Management became an instant classic in risk management. Now, the authors provide a comprehensively updated and revised edition to help you succeed in a world rocked by unprecedented changes.
Combining academic research with real-world applications, this bestselling guide provides the expert insights that has made it so popular for so many years, covering the most effective ways to measure and transfer credit risk, increase risk-management transparency, and implement an organization-wide enterprise risk management approach. In addition, it covers a wide range of new issues, including:
- Fallout from the COVID pandemic
- New emerging risks associated with digital finance
- The effect of climate change on risk management
- Game-changing new technologies like machine learning, artificial intelligence, and distributed ledger technology
Table of contents
- Cover
- Title Page
- Copyright Page
- Contents
- Acronyms
- Foreword
- Introduction to the Second Edition
- Introduction to the Third Edition
- 1 Risk Management: A Helicopter View
- 2 Corporate Risk Management for Nonfinancial Companies and Start-Ups
- 3 Banks and Their Regulators: The Post-Crisis Regulatory Framework
- 4 Corporate Governance and Risk Management
- 5 Fintech and Its Impact on Financial Intermediation and Risk Management
- 6 Interest Rate Risk and Hedging with Derivative Instruments
- 7 Measuring Market Risk: Value-at-Risk, Expected Shortfall, and Similar Metrics
- 8 Asset/Liability Management and Liquidity Risk
- 9 Credit Scoring and Retail Credit Risk Management
- 10 Commercial Credit Risk and the Rating of Individual Credits
- 11 Quantitative Approaches to Credit Portfolio Risk and Credit Modeling
- 12 The Credit Transfer Markets, and Their Implications
- 13 Counterparty Credit Risk: CVA, DVA, FVA, CECL, and IFRS 9
- 14 Operational Risk
- 15 Model Risk
- 16 Stress Testing and Scenario Analysis
- 17 Risk Capital Attribution and Risk-Adjusted Performance Measurement
- Afterword
- Index
Product information
- Title: The Essentials of Risk Management, Third Edition, 3rd Edition
- Author(s):
- Release date: August 2023
- Publisher(s): McGraw-Hill
- ISBN: 9781264258871
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