Home » The Simple Rules of Risk: Revisiting the Art of Financial Risk Management by Erik Banks
The Simple Rules of Risk: Revisiting the Art of Financial Risk Management Erik Banks

The Simple Rules of Risk: Revisiting the Art of Financial Risk Management

Erik Banks

Published December 24th 2002
ISBN : 9786610270422
ebook
158 pages
Enter the sum

 About the Book 

In an age where companies and financial institutions are keenly focused on managing the financial risk of their operations, the implementation of quantitative methods and models has been of tremendous help. Tools such as VaR, credit VaR,MoreIn an age where companies and financial institutions are keenly focused on managing the financial risk of their operations, the implementation of quantitative methods and models has been of tremendous help. Tools such as VaR, credit VaR, risk-adjusted returns, and scenario analyses have given institutions the means to quantify and understand their risk profiles. However, the focus on quantitative risk management, while important, can sometimes be over-emphasized--at the expense of logic and experience. At its core, the successful management of risk is still largely an art. The Simple Rules of Risk takes a fresh look at the qualitative aspects of risk management. It also considers how qualitative approaches can make optimal use of the mathematical aspects of risk management to create the most effective framework possible.