The bestselling “bible” of risk management gets a comprehensive update, with special attention to the pandemic crisis, new emerging risks associated with digital finance and the emergence of disruptive new technologies and FinTech

The Essentials of Risk Management has long been the go-to guide to financial risk management, combining academic research with real world applications.

Now, in this thoroughly updated edition, the authors revisit previously covered topics while addressing a wide range of new issues—from the pandemic to new technologies such as machine learning (ML), artificial intelligence (AI), climate change and distributed ledger technology (DLT).

This third edition of continues to cover all the relevant topics, from the structure and workings of various financial markets and the financial instruments used in risk management, to best-practice risk policies, methodologies, and infrastructure.

Using simple language and step-by-step techniques, the authors show you how to implement risk management programs in complex areas such as market risk management, credit portfolio management, economic capital, asset-liability management and stress testing.

New chapters address:

• The consequences of the COVID-19 pandemic from a risk perspective
• The emergence of new technologies that have facilitated the explosion of FinTech companies that compete with traditional banks to provide financial services cheaper, more user-friendly and with greater efficiency
• The dramatic increase in the size and scale of cyber risk, anti-money laundering risk, and reputation risk, as well as the concept of risk appetite and risk adjusted returns, all of which have become more prominent over the last decade
• Risk management issues specific to start-ups, and more

There’s no need to lurch from crisis to crisis.

Whether you’re a senior manager trying to assess risk in a rapidly changing environment or a corporate CFO struggling to follow emerging rules, standards, and conventions, this book provides a detailed, up-to-the-minute, non-mathematical look at risk management, with clear objectives and step-by-step techniques for achieving them.

Format Inbunden Omfång 640 sidor Språk Engelska Förlag McGraw-Hill Education Utgivningsdatum 2023-08-08 ISBN 9781264258864