Synopses & Reviews
Risk management is one of the most critical areas in investment and financeespecially in todays volatile trading environment. With Risk Management: Framework, Methods, and Practice youll learn about risk management across industries through firsthand, real life war stories rather than mathematical formulas. Concise and readable, it covers both the theoretical underpinnings of risk management, as well as practical techniques for coping with financial market volatility. Focardi and Jonas give you a broad conceptual view of risk management: how far we have progressed, and the problems that remain. Using vivid analogies, this book takes you through key risk measurement issues such as fat tails and extreme events, the pros and cons of VAR, and the different ways of modeling credit risk. This book is a rarity in that it does not presuppose any knowledge of sophisticated mathematical techniques, but rather interprets these in their intuitive sense.
Synopsis
Effective management of risk has taken center stage in today's volatile trading environment. Managers know that, regardless of the form it takes, risk must always be addressed with expertise and decisiveness.
Risk Management will give business executives the confidence they need to deal with risk on a daily basis. Internationally-renowned risk experts Sergio Focardi and Caroline Jonas have utilized their extensive professional network to research and produce the complete risk management resource, from the theoretical underpinnings of measuring and managing risk to emerging issues from tomorrow's business headlines.
About the Author
Sergio Focardi is a partner of The Intertek Group. Before forming The Intertek Group, he was a director at Control Data. Dr. Focardi has authored and coauthored numerous articles, reports, and books on simulation and adaptive methods in research and industry. He holds a degree in Electronics Engineering from the University of Genoa and has a specialization in Communications from the Electrotechnical Institute Galileo Ferraris in Turin.
Caroline Jonas is a partner of the Intertek Group. Previously she was a senior consultant (Europe) with Regis McKenna Inc. Ms. Jonas has coauthored reports on advanced computational methods in banking and finance. She holds a BA in Political Science from the University of Illinois, Urbana-Champaign.
Table of Contents
About the Authors.
Preface.
Acknowledgements.
1. Why Manage Risk?
2. The Theoretical Underpinnings of Risk Management.
3. Measuring Risk.
4. Credit Risk.
5. Managing Risk.
6. Issues.
7. Looking Ahead.
Appendices.
Index.